 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters: 2 ?: @. t, }/ s! u: |& b
( i9 ^0 P J; n; A% E. ]$ sDespite US housing woes Canadian real estate remains upbeat
: E3 ] F) S" e/ M" J9 M1 X TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US
. s" e2 k1 r' {9 gcommercial real estate market will slow in 2008 and follow a similar pattern
* h1 g" s7 d9 ~8 \5 D$ l4 Las the current residential market. However, according to the annual Emerging
, ~$ P" H$ R; J, k, p6 m# p2 QTrends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)
1 G' f8 [+ S Y' ?- O! r+ zand the Urban Land Institute (ULI), their Canadian counterparts are much more5 S9 @2 v0 ~1 r6 N* o
upbeat.+ b" _( l/ Z7 w) L+ z
Now in its 29th year, Emerging Trends is the oldest, most highly regarded& {% i4 M8 J G2 w$ S$ h
annual industry outlook for the real estate industry. The report reflects
1 z/ Q7 U M4 K" u! h; K& E0 Hinterviews with and surveys of more than 600 of the industry's leading real
9 G* S- I& H \estate experts, including investors, developers, property company
% s0 [: s: A; I" |" k( trepresentatives, lenders, brokers and consultants in both Canada and the US.
' D% ~8 z0 d8 D: {- @( B+ s6 o9 ~Other versions of this report are conducted in countries around the world% W4 y6 x- ^* R
including Asia Pacific and Europe.
' S' m( x9 J/ A$ q% S4 i* f According to Chris Potter, PwC partner and leader of the firm's Canadian/ F. B: A6 _- |1 y8 ~
Real Estate Tax practice, Canada benefits from a more conservative investment
( h# F. A9 R5 @2 Tenvironment than the US. "In Canada, institution-dominated markets appear to
5 Y. ]9 r3 h$ j- |3 i3 Ybe avoiding 'transaction mania', but real estate values have reached record: l! w: c8 @/ @
highs and a strong economy has accelerated tenant demand for space."6 b" x" c @* }, v
According to American respondents, a healthy correction south of the
$ V& r$ D" M5 f/ n$ S U" E1 Oborder will likely bypass long-term investors but penalize late-to-the-game' G4 A' X2 _( Q& M6 L: ~: a0 o
speculators and overleveraged buyers. Canadian respondents to the survey
( `$ n* r! _4 _# qremain positive about sidestepping any serious impacts of this possible US8 C0 h2 D8 t' e+ e
correction. Close to 36% view their prospects for profitability in 2008 to be9 X Y, P/ P4 W3 s* {4 h! `
very good and a further 22.4% say they're excellent.- _8 E {3 a* E; a# n1 q. c8 S! S
The strongest areas of real estate business activity for Canadian
/ {2 d ~6 K; j8 y1 K6 Z( e) qrespondents is predicted to be within real estate services, followed by
4 {" W" I' a6 Q, k& W6 ]4 p' ~commercial/multifamily development and homebuilding/residential land
( b _ C6 ~& xdevelopment. All property sectors share positive prospects across the country
\" P) ?& k4 Z' N) ]! ]8 qespecially industrial and retail with respondents, on average, stating
0 e/ }) B5 T" c F. P( ndevelopment prospects are expected to be modestly good to good. The9 L& @. l: }% t! F$ J, {/ B# B
residential for-sale market is also expected to fair well, but might need to. ]7 B- P/ o& ~ e6 [ J1 f4 V
take a breather as homebuilders cannot keep up with the current pace and
) r- @3 B- L* S3 P0 ksingle-family housing looks overpriced.6 H& L, ]3 j, F: [
Office stock is seeing limited inventories and dated product fill up with9 [+ J1 `$ K, k' V5 Q
tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian6 v" {/ d+ G4 `; T: [ _
metropolitan areas boast below 5% vacancies, and rents have room to push
9 @' V8 V& W! B' j+ dhigher. The survey is also showing that costs and land scarcity is limiting. j+ F6 ?: i, {
new development. Hotel investment and development prospects are modestly good,
' S. b& `& Y$ iand most respondents rate this sector either a buy or a hold. Rental+ @( x5 T# K+ l
apartments are doing well in major cities with high immigration flows. Primary
: I _% v1 o9 g: }' x, Hwestern cities - Vancouver, Calgary, and Edmonton - are veering toward housing c1 F# X) ^: i: G) B
shortages as workers, attracted by a plethora of well-paying jobs, pour into% i9 I1 E' r4 [; l3 d) X) `, Z" ]
the energy zone. Apartment occupancies are soaring in these areas. Development
: m5 Q1 C4 K1 Iin other regions remains difficult because of costs and land scarcity.
$ j1 Y! j, L) h1 b& B, p- T% `' J* ~* X7 k- F4 r
Canadian Markets to Watch+ m; ^, \# ]; d2 i: s4 Y
5 @6 s/ N' V8 t" d5 e" Q x& T Q6 e
The report comments on how Canadians like to live and work in central
# U& O0 u9 _+ R9 X* ^$ a1 wcities, as long as they can afford it. If housing is too pricey in 24-hour
: K1 G3 i: o7 C eneighbourhoods, people move to inner-ring suburbs or beyond and commute back6 }2 L3 n- r( Q
into the cores. Investors, especially the institutions, are concentrated in1 X/ Q: \6 u; r& d/ r* l2 V, [+ v
downtown areas too. Planners and developers focus on infill and more vertical
v$ B5 f3 s8 G, T( Gprojects, which reinforce the urban cores. The hot-growth energy cities out
6 o& _, C6 G( s- k$ u% Fwest - Calgary and Edmonton - score the highest ratings for investment
: X, e9 k# \0 ~4 n% z. Hprospects, development, and for-sale housing, although it is not certain; E5 W% e& B4 ~" ^) ^# s
whether the recent announcements on royalties will have any effect on this.
: }: D3 p& B% o9 i; j* FToronto, Canada's premier global pathway city, and Vancouver also have high
- I4 f+ q7 ~* }! `; E/ Iratings. Ottawa and Montreal follow, with Halifax lagging.; [$ z# \/ E5 C/ }. y. ]: r
3 m# K" Q) A6 A9 k
Calgary/Edmonton1 L. J9 y. D5 b0 D. E4 g
/ O. p( D4 u+ x9 c' u: ~; ?2 P a Calgary is the Canada's "resource" capital and North America's number-one$ e: s T) T h$ h/ Y
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a* k, i/ Y& d2 M" }$ [
buy recommendation for Hotel Property, 52.8% for Industrial/Distribution,
0 |# t& r+ x! Z* F2 ^* X48.1% for Retail and Apartment Residential and 44.6% for Office Property.
' `8 q+ y& J( z: w$ zFurthermore, on average the majority of respondents see Calgary For-Sale
. [$ y/ ^5 v F9 y, LHomebuilding prospects as very good. Edmonton is closely mimicking the2 _4 \. |3 y/ d# t& _' ~9 @
Calgary-style growth wave and as long as demand for energy resources stays
$ G% C2 R& D0 q0 ]7 Xstrong, this market will continue to do well.
, c6 H5 G4 d& _, M% q3 \( S+ t" P$ m5 Q
Vancouver( c9 S: R7 i3 Q; y+ z# E, L! h
, c6 d* }3 g$ c5 k/ y, N
Vancouver's diversified economy is roaring, the mining industry is- k3 h* \) }, e+ _2 C6 v0 f
booming and the city provides a large port and a high-tech center. Outrageous: R I5 t2 f, R1 q$ [
real estate prices frustrate homebuyers and commercial investors and the3 ?% N! P. Q: O5 d4 c5 e3 W
market is extremely hard to crack. The 2010 Winter Olympic Games is also a2 E: {# Q' L7 t( N# p; O- t
growth driver and accordingly 44.7% of respondents give Vancouver a buy( b* }; [, n' |' t5 D, h0 ]6 _
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%. I( o3 ?' g7 k- e* v# `
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%
: K0 L( K+ N7 F8 @/ E' Wfor Apartment Residential property. Vancouver also ranks in the good to very& A4 w! { L: g# Z
good mark for for-sale homebuilding prospects.& x7 K+ r8 A: S( i# T
- g$ r( o, x2 `/ s* i5 t1 u Toronto4 _4 f5 t& G0 i' z& H; |& r
' `% t2 x1 _$ u) r0 j. L7 {3 h8 @
Toronto ranks as a major global pathway destination, 24-hour city, and
4 v0 D7 G7 z5 G( `9 C$ imanufacturing hub. Compared with other national financial centers, the city is& Q/ a. k; Y4 w7 x" i4 ^
relatively inexpensive. However, the rising loonie is hurting manufacturing5 N$ _- H# h3 S1 K4 p, J) v
industries, and clouds over the US economy threaten to stall out momentum.
2 C8 f! y0 A# ], hThree new office towers are under construction, adding 3 million new square
! n# {2 Q+ ?- O) P4 ffeet of office space. Notably, Office (49.1%), Industrial (46.2%) and
- w5 ^. T7 w. q2 w- f) t+ q! fApartments (40.8%) are given solid buys.: I+ i) u$ i! F( D2 @: {6 w
. M8 g$ ]& n/ P u Montreal
5 U# N! h( Y1 K" e7 g
% J9 D3 k% @9 ]5 i9 S9 q, C6 b# G Montreal continues to face concerns about market stability and overall
. n1 c* q; k2 J( [+ |+ N3 _growth prospects as major companies no longer choose it as a place to set up
' ~8 u2 _& ^4 ]shop. But, plenty of government offices fill space. Of the larger cities in
' b1 `: j3 A) | P- `Canada, Montreal ranks lowest as a "buy" recommendation in all real estate
0 Y% Q5 S1 g$ W8 r8 N+ A; R p2 ssectors. However, respondents generally rated all Montreal real estate sectors6 I* ^: G' }2 H7 g# E" V# r0 V* _; B
higher as a "hold" recommendation.
' t" m$ N" I. e
& D! D# p2 N- f {* K0 T# X. L) g The report notes that best bets for investors for the coming years
3 O. p# ?6 o$ B3 c, c2 B7 ainclude a focus on all property sectors in the high-growth western energy
* D3 X' A4 K- t; ~8 d" L- b fmarkets, hold on central business district office space, develop infill condos* X& R H$ L a+ H! P! \
near subways stops in Toronto, buy infill sites wherever you can and invest, {) V( v% e2 w5 H8 B
overseas. Potter concludes, "Domestic opportunities are too limited at current& C2 g, B4 U9 A# P* _
prices."5 N: b! l/ J w# L; g
A copy of Emerging Trends in Real Estate(R) 2008 is available at8 t8 g; e1 z$ Q. w
www.uli.org or www.pwc.com/imre./ v9 r. ~& h1 _ l$ i' d1 h' k7 H. k* V
) f2 O: P( o. @ ^
About PricewaterhouseCoopers
" k5 O, q$ b% E4 m; y6 |3 v4 u: B# G f& M$ l: {2 b
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
+ H) v* i% q* `% p: \1 Atax and advisory services to build public trust and enhance value for its/ v( i5 z# h7 E) y$ I
clients and their stakeholders. More than 140,000 people in 149 countries' j. h& r8 i5 [# a9 {: [/ r$ Y
across our network share their thinking, experience and solutions to develop
3 ]. e1 c. ^7 V `/ T$ G) X: k" Rfresh perspectives and practical advice. Now celebrating 100 years of
, D5 B1 z5 Y0 l8 }* Aexcellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its$ J* ], `! F% `1 j6 q
related entities have more than 5,200 partners and staff in offices across the
u/ ^* {7 n; o1 a4 k) Icountry.
4 a* i+ E. `1 J- b2 |: W" r8 h" ? "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario- G( U% B/ Y4 N, D
limited liability partnership, or, as the context requires, the
. W1 e. e: Y/ C# W2 f) @8 ^) APricewaterhouseCoopers global network or other member firms of the network,: [9 @9 j; u9 g
each of which is a separate and independent legal entity.6 ^: ]9 [4 |6 j% a) [6 ^- l
d3 X6 U/ W% c; x6 G* U
About the Urban Land Institute- N9 \8 z( C& T- f# Z% D
! E! ?) X; P; Y$ J* I
The Urban Land Institute (www.uli.org) is a nonprofit education and
: o7 f D9 b0 r1 j; Cresearch institute supported by its members. Its mission is to provide* e- U6 m: W% Z }0 q1 U4 M
leadership in the responsible use of land and in sustaining and creating
: |+ _! h1 Z. t; m8 hthriving communities worldwide. Established in 1936, the Institute has more! s1 i; H- v5 G8 y
than 38,000 members representing all aspects of land use and development
, e R' l2 t! z6 C* r' ]3 t* w9 Ldisciplines.5 @3 W F, U1 k1 i4 G# @$ b: c
The Urban Land Institute is an active and growing organization in Canada./ p0 [0 S! b8 g+ w) `
With nearly 700 members across the country, Canada's first ULI District
% y/ ], p5 r- Q( a. p. E# WCouncil was established in Toronto in 2005 and a second District Council is/ U" p/ E, P) g* Y. u: }8 ?
now being formed in British Columbia. The Toronto District Council will be' z) z5 @. E8 w" @- K, I/ ]9 X
hosting a special event on Emerging Trends in Real Estate on November 20th,3 }) t* N6 U/ L# `5 m1 Q
2007, featuring Jonathan Miller, the principal author of the report, Blake
! P+ {6 }/ x, Q9 U7 V$ Q( WHutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,; u! N5 W8 Q7 v. F! a
President of RealNet Canada Inc. For more information on this event, please9 u5 l6 ~1 d, t$ }. ~, w9 z, \0 X
call the Toronto District Council Coordinator at (647) 258-0017, or look on
; Q6 k t$ o) uthe web at www.uli.org/events/index.cfm?id=3066.1 N; X) V- e% W) I v# R
/ [. H! k: C6 _8 R2 P7 J
% g8 G' z5 a1 Z. F( W
7 [5 g0 ^. a6 Z1 E$ _For further information: Carolyn Forest, PricewaterhouseCoopers LLP,1 H, m6 ]6 N) X
(416) 814-5730, carolyn.forest@ca.pwc.com
' x' q0 t# @& O7 Z- w- ?7 H7 _2 Z( |http://www.newswire.ca/en/releas ... r2007/05/c4080.html, o, F9 d* O$ d! @; C8 k7 ]
# s( q7 S- t) c3 i/ E `
[ 本帖最后由 QWE321 于 2007-11-13 09:08 编辑 ] |
|
狗仔卡
发表于 2007-11-13 09:04
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
楼主
发表于 2007-11-13 09:10
