 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters:
" |+ ^% [' g7 T7 `& D( t% c
- i' w' `( e- K" uDespite US housing woes Canadian real estate remains upbeat 2 Z8 y& S. N8 s9 w' W9 F
TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US2 b& E5 K: j: x0 G& P* S
commercial real estate market will slow in 2008 and follow a similar pattern* H- _8 P2 [+ b. g
as the current residential market. However, according to the annual Emerging2 r0 Q; T# o; W9 t ~
Trends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC); P; b4 t. m. g H+ p
and the Urban Land Institute (ULI), their Canadian counterparts are much more
9 A; g0 M7 f! E2 [ oupbeat.
2 C U% V( V: r4 }* w. \ Now in its 29th year, Emerging Trends is the oldest, most highly regarded
5 M4 I7 W' P; b+ vannual industry outlook for the real estate industry. The report reflects J# @+ e+ c; A8 W
interviews with and surveys of more than 600 of the industry's leading real: `* u# y0 j8 f' Y$ d
estate experts, including investors, developers, property company
. o4 K3 H+ X/ m0 U8 k( U% T$ Trepresentatives, lenders, brokers and consultants in both Canada and the US., C5 n; i3 y `7 c6 Q
Other versions of this report are conducted in countries around the world
! k0 f7 I% P+ R3 Cincluding Asia Pacific and Europe.
2 q2 i1 C2 w' q' c2 u$ ^6 e According to Chris Potter, PwC partner and leader of the firm's Canadian
# U% k5 m. B/ \7 {6 ^' rReal Estate Tax practice, Canada benefits from a more conservative investment" E( C! m. a4 X# L
environment than the US. "In Canada, institution-dominated markets appear to
* K9 k4 l& k- m' Tbe avoiding 'transaction mania', but real estate values have reached record
4 Y d' F; D B; whighs and a strong economy has accelerated tenant demand for space." V$ N# w; E, I* J' [
According to American respondents, a healthy correction south of the
, N. O4 S Z$ s1 X0 kborder will likely bypass long-term investors but penalize late-to-the-game( N# Q" I- N$ w) ]
speculators and overleveraged buyers. Canadian respondents to the survey
+ h3 T9 l" n0 `0 Nremain positive about sidestepping any serious impacts of this possible US$ S: A5 R8 S" i6 t& U
correction. Close to 36% view their prospects for profitability in 2008 to be: w, @7 G+ M. u& a1 L) G! @/ s l
very good and a further 22.4% say they're excellent.# I: o G0 V& H: ?
The strongest areas of real estate business activity for Canadian' h4 S# ]9 X. i+ k6 A7 q6 q8 t4 L
respondents is predicted to be within real estate services, followed by
. @. ^* i. ^1 `3 Icommercial/multifamily development and homebuilding/residential land& u* [ ~5 }4 a, t7 ?
development. All property sectors share positive prospects across the country
1 w/ l6 ]. s6 L! ^2 n" {especially industrial and retail with respondents, on average, stating
: R1 P( d0 m B- {development prospects are expected to be modestly good to good. The
& y# \8 q0 n$ F6 I: ^residential for-sale market is also expected to fair well, but might need to+ h* a ]! [1 |
take a breather as homebuilders cannot keep up with the current pace and& L" L0 {: Q% x" C: C% J
single-family housing looks overpriced." n p* a' A4 f3 E/ \! s
Office stock is seeing limited inventories and dated product fill up with
9 x! N0 F+ P1 |% x* }tenants. Except for Montreal, where office vacancies are nearing 9%. Canadian3 a3 L, \8 k* [- H9 h
metropolitan areas boast below 5% vacancies, and rents have room to push9 d1 z7 Z/ J; F* f8 G i
higher. The survey is also showing that costs and land scarcity is limiting
1 J6 T% x) k5 s. r' z- z0 ynew development. Hotel investment and development prospects are modestly good," p" r. i! E6 L3 {
and most respondents rate this sector either a buy or a hold. Rental+ S9 V% U" V7 k% H* D3 a0 S' L- o
apartments are doing well in major cities with high immigration flows. Primary
4 w: M; y5 I1 c! g( Lwestern cities - Vancouver, Calgary, and Edmonton - are veering toward housing
+ K: F: |0 g8 ?* k0 w: Z8 }2 Pshortages as workers, attracted by a plethora of well-paying jobs, pour into% N, J8 i# a; W) V$ C9 @
the energy zone. Apartment occupancies are soaring in these areas. Development m4 m# i1 P7 u, L3 \5 B# r
in other regions remains difficult because of costs and land scarcity.: |2 `& S" a6 v! [# M5 ]
0 N, o8 O, H" L# J3 U& _. s Canadian Markets to Watch
1 Y+ `4 a8 F: H o# l8 h
$ h8 y8 T2 ~) p$ M The report comments on how Canadians like to live and work in central" ?- x1 g/ Q4 B6 \9 @3 K
cities, as long as they can afford it. If housing is too pricey in 24-hour, d+ S8 T& F! ~- f$ z
neighbourhoods, people move to inner-ring suburbs or beyond and commute back
# v7 G- l3 l+ D3 R0 }! S$ Einto the cores. Investors, especially the institutions, are concentrated in) g9 |* ~$ y( p0 f( k$ s
downtown areas too. Planners and developers focus on infill and more vertical( V* s6 Z" A4 V, c5 c- `
projects, which reinforce the urban cores. The hot-growth energy cities out
& j( ^, ^( |6 S! i6 t- ~& J# o2 \$ zwest - Calgary and Edmonton - score the highest ratings for investment
6 @: p- y4 [' B gprospects, development, and for-sale housing, although it is not certain9 c- i& T C, v7 E- B9 N5 T
whether the recent announcements on royalties will have any effect on this.6 ~0 y! A" O# D# C
Toronto, Canada's premier global pathway city, and Vancouver also have high
( @/ I( q) c" N$ T; e! r! rratings. Ottawa and Montreal follow, with Halifax lagging.& \# B# ~1 U0 A! X% O
1 h9 |( N, g3 g6 c. n9 e ?% j Calgary/Edmonton
) l4 I% V+ L; p' B* B7 _# R* Z/ o7 c2 ^" i# ~4 {1 P( u/ B! Y
Calgary is the Canada's "resource" capital and North America's number-one
1 ?- z9 A- L: Q+ x( E; f3 y# lboomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a: v9 {* R' `) U% ]
buy recommendation for Hotel Property, 52.8% for Industrial/Distribution,7 g. B( M2 j; O" B$ ^! U/ V
48.1% for Retail and Apartment Residential and 44.6% for Office Property.
! I/ h$ _* _9 |1 z! H1 fFurthermore, on average the majority of respondents see Calgary For-Sale1 ]. [9 ~, `2 T" J- V0 F c* o
Homebuilding prospects as very good. Edmonton is closely mimicking the
6 N7 B; M! {, }' s* Q1 Q8 Z6 PCalgary-style growth wave and as long as demand for energy resources stays
4 U4 h* ?0 @+ E4 \6 ?. zstrong, this market will continue to do well.
. Q# p2 \# {( k6 J* m/ Z' Y- h/ N4 F o' q7 [
Vancouver
$ Y. Q, }* h+ B; w* [% F
" l4 |3 ]. {" m+ L9 F Vancouver's diversified economy is roaring, the mining industry is$ M/ d8 W7 @3 P$ n
booming and the city provides a large port and a high-tech center. Outrageous5 H. S% l1 g+ v3 w/ ^
real estate prices frustrate homebuyers and commercial investors and the. e2 W7 P, k- g4 e
market is extremely hard to crack. The 2010 Winter Olympic Games is also a
" y! Q: `8 |# h3 d% Zgrowth driver and accordingly 44.7% of respondents give Vancouver a buy
* X7 M; j, |' L1 M2 }: F, Brecommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%% J( F' {: U; y Z# \8 [* M, i
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%
# a$ a4 P( n3 v" l$ gfor Apartment Residential property. Vancouver also ranks in the good to very
9 o. j f3 q: `, Qgood mark for for-sale homebuilding prospects.
! D. z% C' _ Z! z
4 t: ^/ O( C& [. B u5 W Toronto
7 D5 X+ H3 o n; v% j& y' I& Y1 e
! \+ F: |: z# A% G+ |9 p7 Y Toronto ranks as a major global pathway destination, 24-hour city, and# s, k, F4 }6 Q+ D' v
manufacturing hub. Compared with other national financial centers, the city is
7 A. D1 e; { K: v2 x$ Krelatively inexpensive. However, the rising loonie is hurting manufacturing+ y% J1 H0 D3 @
industries, and clouds over the US economy threaten to stall out momentum.
( t3 F; b% \: z- SThree new office towers are under construction, adding 3 million new square
2 F- G! v! @! {feet of office space. Notably, Office (49.1%), Industrial (46.2%) and! G, M5 `' o7 p }( g" J, ~
Apartments (40.8%) are given solid buys.
5 b2 |' p7 W- B$ |3 w: l* A/ x
& o3 V4 |6 g7 j' k7 o6 w Montreal! e! u1 A( c# F$ k7 z3 A I
$ _6 I+ ^3 E* G, F Montreal continues to face concerns about market stability and overall
Y' [( P/ h% o- O; Fgrowth prospects as major companies no longer choose it as a place to set up: j5 W0 {2 C V! r5 G8 G
shop. But, plenty of government offices fill space. Of the larger cities in5 t" R; ~" N6 M4 t @9 L* W
Canada, Montreal ranks lowest as a "buy" recommendation in all real estate1 R. g( p; ? w7 u& J) H
sectors. However, respondents generally rated all Montreal real estate sectors. f9 u/ z) f5 F1 o. Y0 t
higher as a "hold" recommendation.& w! ?! T/ D# i! s; I6 i, ?
3 J6 |$ t" A: o$ { The report notes that best bets for investors for the coming years% t5 `6 d- V; ?, O, K
include a focus on all property sectors in the high-growth western energy% l2 P5 B* |8 X; |( T% P$ g
markets, hold on central business district office space, develop infill condos
) I# _% A3 m# y: e6 Enear subways stops in Toronto, buy infill sites wherever you can and invest
a: N. v7 x* f3 a, x5 {" g& Joverseas. Potter concludes, "Domestic opportunities are too limited at current8 G9 M- r& |6 j0 n! t
prices."
8 b: i q- b0 p' W- d, `% y A copy of Emerging Trends in Real Estate(R) 2008 is available at
; W0 L. f" E! Nwww.uli.org or www.pwc.com/imre.
. J$ o7 r. ~! Q6 J0 W3 P
4 i" N& V* e# ~2 [4 ^ About PricewaterhouseCoopers: D0 q$ Z6 g3 `8 r' h* S3 k
R4 n* X) B6 ~; A# V% f
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,2 ~8 U$ `! c: ]/ \: e
tax and advisory services to build public trust and enhance value for its
$ w2 C6 B4 I& | p( @clients and their stakeholders. More than 140,000 people in 149 countries- |" W9 T# t# J/ }6 L @' p
across our network share their thinking, experience and solutions to develop
5 T0 q9 u! J( v1 Y8 a4 M Q. o# b% o- Gfresh perspectives and practical advice. Now celebrating 100 years of
; [& u% U# q" A$ O- [7 @excellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its
1 t. n" u4 o0 P5 o8 d- Srelated entities have more than 5,200 partners and staff in offices across the
, h' ?) ] S* S; z% z- U# Ucountry.) k: H8 }+ A+ w5 M a0 g
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
: i- \- D1 B; k) ]$ w% alimited liability partnership, or, as the context requires, the
1 l5 v, h) h" p+ {PricewaterhouseCoopers global network or other member firms of the network,9 E( \- c1 l( Q: s0 F7 m1 H
each of which is a separate and independent legal entity.8 f- E. `/ l# Z% c c
# F u5 b: m2 n' S% Q* u
About the Urban Land Institute
8 G5 e$ D8 g+ u" b4 i
! O, m0 P; D a$ T& m/ B* `% W The Urban Land Institute (www.uli.org) is a nonprofit education and0 D* G9 p2 v8 f! e% H: k9 J
research institute supported by its members. Its mission is to provide
0 Z5 ^; |% f5 rleadership in the responsible use of land and in sustaining and creating. |; Z6 g: S; r: d; C
thriving communities worldwide. Established in 1936, the Institute has more0 l, h$ q/ D& a. P* ^( t
than 38,000 members representing all aspects of land use and development" u4 u* N, `: l# a! C9 {
disciplines.( j* s! a$ @ [8 ]7 G5 Z/ r
The Urban Land Institute is an active and growing organization in Canada./ q$ X! B! i/ u: J6 C2 S$ [
With nearly 700 members across the country, Canada's first ULI District# I) ?7 `2 R2 w1 S( J1 `# X
Council was established in Toronto in 2005 and a second District Council is
4 u& R! e$ D$ ^3 ~1 }now being formed in British Columbia. The Toronto District Council will be
4 z5 G# u2 r6 }1 [hosting a special event on Emerging Trends in Real Estate on November 20th,( J/ S& p5 n, K
2007, featuring Jonathan Miller, the principal author of the report, Blake- }& {2 g) G# {
Hutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,
- l2 }+ u) u0 x: {3 ]% ^" HPresident of RealNet Canada Inc. For more information on this event, please. F. m- H2 q0 A8 f6 J
call the Toronto District Council Coordinator at (647) 258-0017, or look on6 L) ?) K, K& O9 ^% {4 E! z
the web at www.uli.org/events/index.cfm?id=3066.
4 [, _, v6 v! a$ U k4 H! B
+ ~( T5 f$ ~, w) H# ?5 m
7 d+ F* S) \& ?7 S6 k" K6 t& {2 [
/ p- R- w3 y% M a! Y& |For further information: Carolyn Forest, PricewaterhouseCoopers LLP,
* z6 }9 v/ S3 ~8 v" S- }4 K: ^" o(416) 814-5730, carolyn.forest@ca.pwc.com
$ S/ f& Z/ K/ a: E& Uhttp://www.newswire.ca/en/releas ... r2007/05/c4080.html
9 a) v, F& R- L# r! G1 ~) V& F! ]
$ S7 R- r' A: {( T9 }[ 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
