 鲜花( 1)  鸡蛋( 0)
|
Attention Real Estate Reporters: ' H) D( e) y# [, k5 L [8 @
7 l" T! F* x* X r4 V2 DDespite US housing woes Canadian real estate remains upbeat
, w/ c5 p1 h; k. F1 F2 k TORONTO, Nov. 5 /CNW/ - Leading real estate experts are predicting the US; J( y; M! j1 p! p# D0 F/ w! l
commercial real estate market will slow in 2008 and follow a similar pattern0 O% G9 T8 s/ f% r
as the current residential market. However, according to the annual Emerging% B- B" \8 k1 O
Trends in Real Estate 2008 report, released by PricewaterhouseCoopers (PwC)
; N; }* A1 \) Nand the Urban Land Institute (ULI), their Canadian counterparts are much more) P) {) X9 D( [
upbeat.9 ~4 w/ J) O# r( C7 D& I- P" C
Now in its 29th year, Emerging Trends is the oldest, most highly regarded. x) d7 D: ^$ G7 o5 Z9 b; Q0 F5 C% f
annual industry outlook for the real estate industry. The report reflects
0 W# l% T/ q6 N- Vinterviews with and surveys of more than 600 of the industry's leading real/ r( x; Q/ P x9 ^; Z, Q
estate experts, including investors, developers, property company& n3 P; M6 {; F0 t* V4 l9 M
representatives, lenders, brokers and consultants in both Canada and the US.
" c6 s! W- A- N/ uOther versions of this report are conducted in countries around the world
) x& a$ V3 C8 k/ ]# H: c" M- \including Asia Pacific and Europe.
) J, m8 `. s! h2 o+ ] According to Chris Potter, PwC partner and leader of the firm's Canadian
. ]8 K& `3 H8 b' w( NReal Estate Tax practice, Canada benefits from a more conservative investment
0 r9 g* M, h! D& ]' f) G+ N; w. T1 Cenvironment than the US. "In Canada, institution-dominated markets appear to# n: d. i* @ H' U& g- C
be avoiding 'transaction mania', but real estate values have reached record
( @" s& w1 x- D) d0 Q" y( B! whighs and a strong economy has accelerated tenant demand for space."
& I1 q3 T2 p- r+ V5 b According to American respondents, a healthy correction south of the E, R2 k1 B) v
border will likely bypass long-term investors but penalize late-to-the-game2 @1 Z6 x. l+ s w# c
speculators and overleveraged buyers. Canadian respondents to the survey2 d+ r; q/ @4 N9 h5 t
remain positive about sidestepping any serious impacts of this possible US
5 l$ A# M0 Q% H1 E9 B9 Ecorrection. Close to 36% view their prospects for profitability in 2008 to be: u5 J- F% g$ E2 q; C- N! j
very good and a further 22.4% say they're excellent.
; J0 L& z% F- w" K The strongest areas of real estate business activity for Canadian z8 ?, V8 g# \+ B/ ]* N! g7 O( P
respondents is predicted to be within real estate services, followed by0 c/ m( D4 l) h( n! J1 m
commercial/multifamily development and homebuilding/residential land- h: s' u# P- i+ O- K0 i' W, z
development. All property sectors share positive prospects across the country
5 M O/ B5 p5 h7 r# U3 Sespecially industrial and retail with respondents, on average, stating
6 R' d, L* w& m0 vdevelopment prospects are expected to be modestly good to good. The
) t8 r+ p' U! H0 r' i4 e6 jresidential for-sale market is also expected to fair well, but might need to5 ]' P7 H5 `. b9 @4 j+ B' q( K% O; k9 o
take a breather as homebuilders cannot keep up with the current pace and
/ d$ X: q! q+ g/ gsingle-family housing looks overpriced.8 Q$ \" v# P) Y( R
Office stock is seeing limited inventories and dated product fill up with
+ G8 M0 X; w' F$ [; E5 `' p% ftenants. Except for Montreal, where office vacancies are nearing 9%. Canadian% a; T7 k( J' q% \2 h4 Y! H
metropolitan areas boast below 5% vacancies, and rents have room to push$ ^# `2 z. ?) H# x6 g2 \
higher. The survey is also showing that costs and land scarcity is limiting
6 T+ p3 H2 D" W% b! R7 inew development. Hotel investment and development prospects are modestly good,
" f& f7 }; E/ {, ~6 N, y" Cand most respondents rate this sector either a buy or a hold. Rental8 Q' t) |3 m1 F* T9 z$ J1 r
apartments are doing well in major cities with high immigration flows. Primary* E9 }5 g; u0 n# U- F3 E# w# ?2 U
western cities - Vancouver, Calgary, and Edmonton - are veering toward housing
, `" y% D) H; |+ kshortages as workers, attracted by a plethora of well-paying jobs, pour into |8 Z0 q3 [4 B Y5 x2 M F0 c, O* L
the energy zone. Apartment occupancies are soaring in these areas. Development
( q- x* w- L( ]5 X9 ~in other regions remains difficult because of costs and land scarcity.( \3 z% h4 b y+ x9 R, `
/ V" v6 }* c# Y x$ ^: A
Canadian Markets to Watch+ Z6 x8 d7 y+ {: H/ r" f7 ]3 G5 R
1 L' D5 Z. f V- z5 w; a3 B
The report comments on how Canadians like to live and work in central
3 M( ?- P# q% W. r% ocities, as long as they can afford it. If housing is too pricey in 24-hour
/ h5 Q! F# R7 N/ x4 hneighbourhoods, people move to inner-ring suburbs or beyond and commute back' B" l. c) D' K6 Z; K4 s: |$ A
into the cores. Investors, especially the institutions, are concentrated in
2 L+ s$ A: @5 i: \! N* ]downtown areas too. Planners and developers focus on infill and more vertical7 I7 f" N$ H) O5 e( X
projects, which reinforce the urban cores. The hot-growth energy cities out. `, O3 T5 c2 Z F; d3 ]
west - Calgary and Edmonton - score the highest ratings for investment7 ]" W7 W9 @6 {& G& K/ U2 N. l
prospects, development, and for-sale housing, although it is not certain
3 Q; F/ f* R ?; T: u4 twhether the recent announcements on royalties will have any effect on this.8 m4 [- [6 ^& B% X5 T% H. Z
Toronto, Canada's premier global pathway city, and Vancouver also have high9 L4 L( ]2 {. g0 X
ratings. Ottawa and Montreal follow, with Halifax lagging.6 V, q5 B1 J. Q3 D8 |% U) Y
& x. d' n; ?3 r- C/ E% H0 b
Calgary/Edmonton. l$ C2 B4 F( Y# j: J7 ~
8 ?: \. `' s& o1 _ Calgary is the Canada's "resource" capital and North America's number-one
6 `4 e# ]) d! D- S3 yboomtown. Survey respondents foresee strong buys for all sectors: 53.5% give a
% s, N8 y; e3 jbuy recommendation for Hotel Property, 52.8% for Industrial/Distribution,# F: r+ ]1 W3 ~9 x
48.1% for Retail and Apartment Residential and 44.6% for Office Property.3 M3 t/ d: q& I& y2 V! I
Furthermore, on average the majority of respondents see Calgary For-Sale
6 W% b* Z& d& N9 DHomebuilding prospects as very good. Edmonton is closely mimicking the
% c' F' h) L% X; Q$ b6 ACalgary-style growth wave and as long as demand for energy resources stays
1 U3 F2 r% U I5 k6 Y5 Ostrong, this market will continue to do well., n8 V, G( j% [! J- k9 j
$ R E' A0 P/ w$ M1 W4 H& o# V3 H Vancouver* v! W. l) p4 s/ J2 g
: i4 H4 x9 O& r# S( f3 X Vancouver's diversified economy is roaring, the mining industry is5 B( W. h( ^; [9 k0 Q% Q
booming and the city provides a large port and a high-tech center. Outrageous
' E; X1 `) k: Z. R* ^' s, Ereal estate prices frustrate homebuyers and commercial investors and the
' G* d# o: t! E e/ emarket is extremely hard to crack. The 2010 Winter Olympic Games is also a
( Y& Z" I) Y1 V4 ~4 O5 [! ?# Cgrowth driver and accordingly 44.7% of respondents give Vancouver a buy9 h( m0 @. b* Z: w
recommendation for Hotel Property. A further 43.5% give a buy Retail, 41.3%# v% g' x) u( q; l- U, z+ @
for Industrial/Distribution and 36.7% for Office Property followed by 34.1%
# [- X, ]! G. n3 q0 J' V% G3 @for Apartment Residential property. Vancouver also ranks in the good to very& ^/ x: A" W% z. z5 g; F# B2 |. K8 l
good mark for for-sale homebuilding prospects.) k( w$ X# v. m$ X
6 F5 f+ i! Y; ]5 }# {" Y
Toronto
8 r$ D# n) ~% L
/ P! n5 y' u# x- g& F O. a8 J4 S9 o Toronto ranks as a major global pathway destination, 24-hour city, and
, D0 t% N% O% O1 Gmanufacturing hub. Compared with other national financial centers, the city is* o9 O0 C `& c, d1 y8 m9 ^1 M
relatively inexpensive. However, the rising loonie is hurting manufacturing) ~7 ~3 l, M$ x% e( D- O+ z
industries, and clouds over the US economy threaten to stall out momentum.* W" C# A, p/ S1 ]+ H
Three new office towers are under construction, adding 3 million new square
# }4 B$ }; S( R* d4 U/ j4 hfeet of office space. Notably, Office (49.1%), Industrial (46.2%) and/ o' O1 T& V# O( ` Y
Apartments (40.8%) are given solid buys.4 h M6 @" Y( e# A# G! v
) Q2 n6 J4 h) m4 a7 C% z( n; M
Montreal; q0 [/ L Z: i; N; l* C' A
0 x- D! ~) ]0 P, x$ i
Montreal continues to face concerns about market stability and overall6 X R9 K- F! T X* c% ?
growth prospects as major companies no longer choose it as a place to set up! H2 p- d4 I E) h2 `( e
shop. But, plenty of government offices fill space. Of the larger cities in
( W2 p) S2 w; ]. W$ t) w0 _5 M/ ICanada, Montreal ranks lowest as a "buy" recommendation in all real estate0 Z2 {6 _7 P1 L8 p5 p- t
sectors. However, respondents generally rated all Montreal real estate sectors% S* h1 f1 W! X3 c L. Z1 s
higher as a "hold" recommendation." T$ E, e. e& }$ Z2 L$ \' X
" W# \( Y. K+ o: @0 P
The report notes that best bets for investors for the coming years
* U1 `+ N4 X M; |' Xinclude a focus on all property sectors in the high-growth western energy
0 g1 K4 F8 \# Q/ |/ Xmarkets, hold on central business district office space, develop infill condos
3 l f7 |* d/ b9 T. [/ mnear subways stops in Toronto, buy infill sites wherever you can and invest' e2 h% Z1 H" M) X% y k
overseas. Potter concludes, "Domestic opportunities are too limited at current
9 b- F0 I. M4 X) s' J+ qprices."0 u1 T. |. q5 g* W0 n+ K+ O
A copy of Emerging Trends in Real Estate(R) 2008 is available at! M) |% s7 k8 M) ]' l. s1 p6 S. D
www.uli.org or www.pwc.com/imre.
7 V) g! @7 Q4 M L
0 Y% j+ J) m8 i' h4 B( y( N/ d About PricewaterhouseCoopers
( q: t6 Z: l7 [4 C7 @2 b' b0 u" M) m5 S3 K+ x
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
4 |3 `; k! L$ P( h" u3 D6 R( s% etax and advisory services to build public trust and enhance value for its
3 D: V4 ?$ w. m1 `2 ^4 O" Qclients and their stakeholders. More than 140,000 people in 149 countries/ q. h2 H8 H. t
across our network share their thinking, experience and solutions to develop
& P. G0 e. x5 e* d0 Mfresh perspectives and practical advice. Now celebrating 100 years of
/ M7 z; u, B$ w' f q" wexcellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its# h" Q3 m5 P( R8 r/ @+ g+ c7 q
related entities have more than 5,200 partners and staff in offices across the. v/ y) j$ i+ p" a s
country./ {/ i# b& m6 j1 C5 L
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario- j2 Q7 I6 d. H
limited liability partnership, or, as the context requires, the$ z2 X5 g% V, M5 s& r
PricewaterhouseCoopers global network or other member firms of the network,3 D* A: }4 S' E, z0 [ f( \! W# {
each of which is a separate and independent legal entity.1 m2 v' P$ _; v. R- b$ }! N
( r6 W, y$ Z: ?0 M! g5 Y1 ^ About the Urban Land Institute
g5 M5 d% |( W1 y
* E$ j# z5 G) R The Urban Land Institute (www.uli.org) is a nonprofit education and
% R ?' F* `& u8 iresearch institute supported by its members. Its mission is to provide1 ?/ D& Y( |" u7 \/ U
leadership in the responsible use of land and in sustaining and creating
+ P" i& N: F$ V3 w& _thriving communities worldwide. Established in 1936, the Institute has more3 P: T% ]* W0 m. X' v# N' p
than 38,000 members representing all aspects of land use and development
7 f+ Y" v5 u1 [; _disciplines.5 W. r1 {) B1 \7 I" {
The Urban Land Institute is an active and growing organization in Canada., A6 ?9 C; H; w9 o% H- ]1 S
With nearly 700 members across the country, Canada's first ULI District) [) K8 T) e2 n1 K \
Council was established in Toronto in 2005 and a second District Council is
; x. V" ~* G! i, k Rnow being formed in British Columbia. The Toronto District Council will be
6 X) B$ u* K* f( b. I, Thosting a special event on Emerging Trends in Real Estate on November 20th,
* B4 @6 j3 p, S/ t+ n2007, featuring Jonathan Miller, the principal author of the report, Blake
% n. X7 r9 o( w: t: v7 [3 t' THutcheson, President of CB Richard Ellis Canada Ltd., and George Carras,5 g+ g& P( |. w4 }9 L4 N
President of RealNet Canada Inc. For more information on this event, please2 _3 v3 g5 H& |; Q. L$ U4 s
call the Toronto District Council Coordinator at (647) 258-0017, or look on
, Z& P P$ j# p* T9 O. p Vthe web at www.uli.org/events/index.cfm?id=3066.
% v& Y& i$ Q4 o+ D6 _
8 I. x$ j, D* f$ c. W; |& j$ F8 R0 r; V
5 J3 C1 ]' n" t, G) U% x y6 NFor further information: Carolyn Forest, PricewaterhouseCoopers LLP,
$ k* }' L6 l5 Q7 U(416) 814-5730, carolyn.forest@ca.pwc.com- P6 }& [; j% k5 @9 m4 s" {8 ]9 f
http://www.newswire.ca/en/releas ... r2007/05/c4080.html* @% V6 c6 _- k# O8 k$ Y: I1 ~
' y) e! V1 w- I- |[ 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
