 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters:
/ W. f7 o' y, N) [7 K+ H+ T G% p- t4 e# H9 z- }1 Y
Despite US housing woes Canadian real estate remains upbeat 4 f2 ?: w6 ~* S. J3 W: z
TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US
4 ?6 g9 V" j6 g9 Pcommercial real estate market will slow in 2008 and follow a similar pattern: W; I* X6 ]# r- o2 V& o, j
as the current residential market. However, according to the annual Emerging
+ o# c$ Z& N+ Y% I: B8 hTrends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)( X' k! W7 C+ {3 a: g2 Y
and the Urban Land Institute (ULI), their Canadian counterparts are much more
. B/ H* n8 @$ n* n( Tupbeat.
# H0 Z4 Y- ~& q5 ^4 N Now in its 29th year, Emerging Trends is the oldest, most highly regarded' V/ Q- k) s5 L M
annual industry outlook for the real estate industry. The report reflects4 @! j/ J! ?4 I$ K8 Q
interviews with and surveys of more than 600 of the industry's leading real
1 L% E5 s2 h; Mestate experts, including investors, developers, property company
- J) g9 L( m5 Q- G$ W3 `( yrepresentatives, lenders, brokers and consultants in both Canada and the US.
[4 Z, u- X: U, X3 K+ ]/ {& `Other versions of this report are conducted in countries around the world! A6 s; d$ o" u3 j, V0 k, X& U
including Asia Pacific and Europe.2 i3 m9 W& G) A3 ]: u* K
According to Chris Potter, PwC partner and leader of the firm's Canadian
# P. ~) {6 b# O! }6 R q3 M. C3 U$ a+ cReal Estate Tax practice, Canada benefits from a more conservative investment# p7 I$ A& [( `; D. g1 y
environment than the US. "In Canada, institution-dominated markets appear to9 l k) B. m4 V( E1 ?
be avoiding 'transaction mania', but real estate values have reached record
3 h X" Z o Q Khighs and a strong economy has accelerated tenant demand for space."6 p+ \3 Z+ [% U0 u6 r- B
According to American respondents, a healthy correction south of the
4 N) Z( r+ [: x; G0 s1 c. H7 Sborder will likely bypass long-term investors but penalize late-to-the-game
; f- A8 f. r+ q! T8 cspeculators and overleveraged buyers. Canadian respondents to the survey- R; O: ?: r3 k9 @
remain positive about sidestepping any serious impacts of this possible US
1 r+ K7 ?! a4 ~$ acorrection. Close to 36% view their prospects for profitability in 2008 to be
1 Z0 k2 l0 P2 W7 Z* d0 pvery good and a further 22.4% say they're excellent.
# o3 c$ q6 l( ]& b The strongest areas of real estate business activity for Canadian
4 j+ X/ j9 ]: \( A6 K; ]6 ~respondents is predicted to be within real estate services, followed by+ [( d) Z, T% {' }( H" J6 T: s
commercial/multifamily development and homebuilding/residential land9 ` o8 ?( J5 j; R5 U1 x( a
development. All property sectors share positive prospects across the country1 h; v( v# [$ K2 d; k
especially industrial and retail with respondents, on average, stating
f' v% H3 ?& `; x8 Ndevelopment prospects are expected to be modestly good to good. The6 \- [' B$ J/ [# M2 P( N1 [
residential for-sale market is also expected to fair well, but might need to
( U& ^) v# G, M, Stake a breather as homebuilders cannot keep up with the current pace and
. a& C; Q; Z) g' Gsingle-family housing looks overpriced." T. E3 p- B$ ^" l& \( k# j
Office stock is seeing limited inventories and dated product fill up with
) \: Y% Q* r8 g& Ktenants. Except for Montreal, where office vacancies are nearing 9%. Canadian' c) h' M8 U9 w
metropolitan areas boast below 5% vacancies, and rents have room to push: I Y$ U$ \) F6 | h* _
higher. The survey is also showing that costs and land scarcity is limiting
I1 T/ }% o" t% e& o! h' Rnew development. Hotel investment and development prospects are modestly good,
4 w1 w' M7 k% g" ~and most respondents rate this sector either a buy or a hold. Rental
1 Z: v, X, H3 ]! I- qapartments are doing well in major cities with high immigration flows. Primary5 k C3 i: c2 w* U8 F
western cities - Vancouver, Calgary, and Edmonton - are veering toward housing
$ t* u* _$ L/ `1 T3 j9 k4 b- |0 Sshortages as workers, attracted by a plethora of well-paying jobs, pour into( d: ^# u$ H+ K) T# G* E9 n [
the energy zone. Apartment occupancies are soaring in these areas. Development
# ]6 d! a& m8 e# Oin other regions remains difficult because of costs and land scarcity.
8 r3 _9 o M ?2 l- D. ^
2 f- v, n/ l9 O7 L8 g; r$ g Canadian Markets to Watch
4 y: K# }$ h1 @
8 D# l+ C) ~: p; j" R The report comments on how Canadians like to live and work in central+ B/ I! L! D1 }
cities, as long as they can afford it. If housing is too pricey in 24-hour# E8 o O) T! W- `. O
neighbourhoods, people move to inner-ring suburbs or beyond and commute back
& @/ z$ B; O0 K; @& zinto the cores. Investors, especially the institutions, are concentrated in
, M& f% v, f, Z1 }: p5 A7 @downtown areas too. Planners and developers focus on infill and more vertical
$ t9 C \" W0 t4 P4 a# qprojects, which reinforce the urban cores. The hot-growth energy cities out
6 }1 N3 ~, [! E2 E% Y& u4 iwest - Calgary and Edmonton - score the highest ratings for investment
& v8 a7 c: A# }) U. R: rprospects, development, and for-sale housing, although it is not certain" U% B6 s) E' P( y' G- m
whether the recent announcements on royalties will have any effect on this.
# h& n, m$ m' r- CToronto, Canada's premier global pathway city, and Vancouver also have high
% ]2 r5 j" P2 t5 Dratings. Ottawa and Montreal follow, with Halifax lagging.
, ?2 H* w! g: K4 B3 @1 ]( f7 _2 d g
Calgary/Edmonton
3 @7 G& R& F6 F) C3 H) b4 T5 D/ x ?
Calgary is the Canada's "resource" capital and North America's number-one0 x% J; g, z% _4 Y
boomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a
$ y' V: l+ v- G1 z, Cbuy recommendation for Hotel Property, 52.8% for Industrial/Distribution,$ _3 N" k% w+ e. `3 F) L2 `7 D
48.1% for Retail and Apartment Residential and 44.6% for Office Property.3 g3 l8 L0 q7 X; x
Furthermore, on average the majority of respondents see Calgary For-Sale4 M' \3 p7 g5 j
Homebuilding prospects as very good. Edmonton is closely mimicking the3 U9 t# _2 r5 b# x% U, h4 m
Calgary-style growth wave and as long as demand for energy resources stays, y3 l& m4 D0 c; J8 g
strong, this market will continue to do well.5 Y T' Z/ X+ Y8 h$ {2 T- R
5 z7 B( g# [# ?; _6 N% B3 I. B7 P Vancouver
; L' Z$ j( Y2 v! h* h; F6 a$ y$ f! @ Q$ }( n ^2 C" d; Y9 S
Vancouver's diversified economy is roaring, the mining industry is
" h B9 I: s' z! h& N9 \2 g! p6 a6 rbooming and the city provides a large port and a high-tech center. Outrageous; z+ j, r- ~1 t- f0 k
real estate prices frustrate homebuyers and commercial investors and the
8 }; ?+ n3 `+ T& v I( p" t* q2 imarket is extremely hard to crack. The 2010 Winter Olympic Games is also a
+ _2 D! N' r. }- Hgrowth driver and accordingly 44.7% of respondents give Vancouver a buy
* d* A- R/ |+ |% ~- \9 ?& brecommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%+ W9 a. b# V: A5 [1 r# g
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%" R" x5 p9 V+ l. ?0 R2 o
for Apartment Residential property. Vancouver also ranks in the good to very- Z# l3 V r9 i j! d
good mark for for-sale homebuilding prospects.2 d; Q: w* X) X! ~& v
' T: h7 h1 L8 X6 k8 F, Y9 P
Toronto6 S. n; b. d. H
, y4 g( @- u! e: Z! D Toronto ranks as a major global pathway destination, 24-hour city, and1 D! o2 h! w* I4 Z' q* C: I5 d3 [
manufacturing hub. Compared with other national financial centers, the city is* p$ b! Z# b& L' G# ?* L
relatively inexpensive. However, the rising loonie is hurting manufacturing
0 g: L* y( c0 V5 }) _industries, and clouds over the US economy threaten to stall out momentum.
+ J) x- w8 Z5 }$ f+ |Three new office towers are under construction, adding 3 million new square0 H" A+ j M& z' m. g, w2 ?
feet of office space. Notably, Office (49.1%), Industrial (46.2%) and
; T$ T. a: ?* ~7 n; ^. `' x% RApartments (40.8%) are given solid buys.
; |" o1 R6 r+ V7 p" g# y: ^ m1 A- z$ k! J$ y5 c/ V5 z$ L
Montreal! c- m9 a' E2 q; d0 |
% b6 H# _6 J" m
Montreal continues to face concerns about market stability and overall0 v& [" h& G. V. H2 V+ e
growth prospects as major companies no longer choose it as a place to set up
& C8 }: M& \2 J7 ? yshop. But, plenty of government offices fill space. Of the larger cities in
. N5 E* i d/ N' LCanada, Montreal ranks lowest as a "buy" recommendation in all real estate& p! R5 J/ F' c) P7 l3 P
sectors. However, respondents generally rated all Montreal real estate sectors8 w& j/ H' ]# j1 n
higher as a "hold" recommendation.
# u1 ` ?, O3 I) R0 S" n5 d
' I. O; ?8 e1 b! N+ G The report notes that best bets for investors for the coming years
1 j" ~' S( ]7 W$ sinclude a focus on all property sectors in the high-growth western energy
) w* y* ^& k- f* N$ {$ y* p1 ?9 Vmarkets, hold on central business district office space, develop infill condos: a9 N, P8 a0 j$ ~( q
near subways stops in Toronto, buy infill sites wherever you can and invest. E" e" ^" w3 ^) P5 |! Q+ `
overseas. Potter concludes, "Domestic opportunities are too limited at current
* |: c n# x+ m& R) x( `+ fprices."1 P! g" U* N% E$ V/ e. U
A copy of Emerging Trends in Real Estate(R) 2008 is available at/ K7 A _8 p+ t
www.uli.org or www.pwc.com/imre.
& S; z* C6 X/ }7 g1 t5 ?2 K, |0 V9 g9 _7 x! x' Z" y4 @3 a2 Z% {
About PricewaterhouseCoopers
2 J4 c" E8 X, r3 Q' t% v C O" Y1 g7 g. w: d. u( Y4 F
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
/ H, |* d6 w1 `! c3 Ttax and advisory services to build public trust and enhance value for its" W" ?0 m' A4 ?, q
clients and their stakeholders. More than 140,000 people in 149 countries
* Z* ?" x, T- L8 W# s) Kacross our network share their thinking, experience and solutions to develop
6 Y. w2 I" u8 {8 U- Vfresh perspectives and practical advice. Now celebrating 100 years of
8 O) {6 Q( d& o/ eexcellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its+ l1 i* l, ~8 F! R
related entities have more than 5,200 partners and staff in offices across the' Q" F; R# P4 {" R
country.
0 L+ H- Y3 j7 v/ o% B! R "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario) j& p- G( y, ^ R3 C9 |0 \
limited liability partnership, or, as the context requires, the, R# |/ }3 E; D1 F/ F
PricewaterhouseCoopers global network or other member firms of the network,+ d+ I, y& O6 U; [5 [+ \: a) b+ T
each of which is a separate and independent legal entity.2 @; o# P/ t: f) Q) i& s
7 H/ q! H) ^4 ~" S0 K About the Urban Land Institute8 W9 ^" v% S5 L& @) k' z
2 @* {" n; ~% g, F The Urban Land Institute (www.uli.org) is a nonprofit education and) @5 E4 K' K: D6 H7 ]
research institute supported by its members. Its mission is to provide
( ^2 K! A: m: d6 Vleadership in the responsible use of land and in sustaining and creating
& M' J, J. ]+ j8 r( ]( qthriving communities worldwide. Established in 1936, the Institute has more; ~4 R! J+ I; E/ S5 N
than 38,000 members representing all aspects of land use and development7 B. d) M. c( Y. I# E6 E6 _5 R
disciplines.
8 ], I0 }) R& v$ d$ T" p The Urban Land Institute is an active and growing organization in Canada.3 C* ~- T$ ^, s2 K" T2 X7 t
With nearly 700 members across the country, Canada's first ULI District
7 z9 F0 C" p# N0 GCouncil was established in Toronto in 2005 and a second District Council is3 N' g: w% R, h) Y
now being formed in British Columbia. The Toronto District Council will be
2 f5 u ~7 J$ r" vhosting a special event on Emerging Trends in Real Estate on November 20th,
" j. U& B# b8 ]3 D. B0 I6 h9 M) L2007, featuring Jonathan Miller, the principal author of the report, Blake6 H( G, {9 D* Q* g8 d
Hutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,, V2 k# K: e; A
President of RealNet Canada Inc. For more information on this event, please) j9 o7 V4 e. C2 s o5 M
call the Toronto District Council Coordinator at (647) 258-0017, or look on
( u) x# e4 i7 d" N$ W: ?3 X8 Xthe web at www.uli.org/events/index.cfm?id=3066.. y f! Q4 C( |& b/ b K0 L3 ^- ?* y. O
+ E; `8 V& u" h! x* b
5 X' E! r' L' I- r6 a; ~* T3 S3 N( v n" Q
For further information: Carolyn Forest, PricewaterhouseCoopers LLP,9 [ ~. h( S* z$ g- i
(416) 814-5730, carolyn.forest@ca.pwc.com7 q3 D2 ~- p1 }! ~2 o& E8 g* G' b
http://www.newswire.ca/en/releas ... r2007/05/c4080.html8 }% `: K; w" ]5 I3 Q, C, d! s
0 T+ E) \5 F; }) c8 s) y" R. D
[ 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
