Wednesday, November 25, 2015
Commercial real estate investment declines in Calgary
The apartment market “rebounded from a five-year trough,” the report said, with investment volumes up 248 per cent to $128.9 million.
“The third quarter … outperformed a combined first and second quarter,” said the report.
The office market plummeted from $457.2 million in the second quarter to $8.8 million in the third quarter. The industrial market saw investment reach $177.9 million in the third quarter, up from $102.5 million in the previous quarter.
The hotel asset class dropped to $10.8 million from $15.9 million; industrial land fell to $108.2 million from $124.2 million; and residential land was up to $134 million from $60.7 million.
Calgary office vacancy rates to peak at 17.7% next year
CBC News Posted: Nov 24, 2015 12:27 PM MT
Office vacancy rates in Calgary will peak at almost 18 per cent by the third quarter of 2016, according to an annual forecast from a U.S.-based real estate investment firm.
The overall vacancy rate for office space in Calgary is 17.5 per cent this year, compared to 13.1 per cent in 2014. Next year, CBRE predicts it will reach 17.7 per cent.
Calgary still has the seventh lowest industrial availability rate in North America, says CBRE Limited's 2016 Canadian Commercial Real Estate Market Lookout, released on Tuesday. "It appears that the bulk of downsizing has already occurred which will allow the pace of vacancy rate increases and rental rate declines to slow," CBRE says.
"In 2016, additional clarity around oil supply and demand will allow tenants, owners and investors to act with more certainty."
Investment in office real estate sank to $105 million this year from $709 million last year. It's predicted to pick up again next year, reaching $267 million.
"The confidence within Calgary's local business community has only faltered slightly despite the second largest drop in oil prices in history and the most protracted decline," the report says.
"The prevailing opinion is that the market is facing a man-made downturn in oil prices, not a structural shift that would undermine long-term investments."
For multi-family dwellings, Calgary's overall vacancy rate this year is 3.5 per cent, up from 1.4 per cent. CBRE predicts the rate to be 3.7 per cent next year.
CBRE's relatively rosy prediction for Calgary in the face of the economic downturn is partly based on the strength of non-oil and gas sectors in the city.
"Accountants and law firms remain active and the hotel and resort sectors are also posting strong numbers as Albertans vacation closer to home and tourism from the U.S. increases," the report says.
CBRE also says Calgary is becoming an important distribution and logistics hub for Western Canada.
"Third party logistics companies and distribution activity will continue to act as a hedge against the oil and gas sector," the report says.
CBRE cautions that the province's planned royalty review, if deemed detrimental to the energy sector, could dampen real estate investment.
Construction of the southwest leg of Calgary's ring road, set to get underway next year, is also going to be important, according to CBRE.
"The development will further unlock real estate by providing access to land that is currently only accessible via side roads and circuitous routes," the report says.
Office vacancy rates in Calgary will peak at almost 18 per cent by the third quarter of 2016, according to an annual forecast from a U.S.-based real estate investment firm.
The overall vacancy rate for office space in Calgary is 17.5 per cent this year, compared to 13.1 per cent in 2014. Next year, CBRE predicts it will reach 17.7 per cent.
Calgary still has the seventh lowest industrial availability rate in North America, says CBRE Limited's 2016 Canadian Commercial Real Estate Market Lookout, released on Tuesday. "It appears that the bulk of downsizing has already occurred which will allow the pace of vacancy rate increases and rental rate declines to slow," CBRE says.
"In 2016, additional clarity around oil supply and demand will allow tenants, owners and investors to act with more certainty."
Investment in office real estate sank to $105 million this year from $709 million last year. It's predicted to pick up again next year, reaching $267 million.
"The confidence within Calgary's local business community has only faltered slightly despite the second largest drop in oil prices in history and the most protracted decline," the report says.
"The prevailing opinion is that the market is facing a man-made downturn in oil prices, not a structural shift that would undermine long-term investments."
For multi-family dwellings, Calgary's overall vacancy rate this year is 3.5 per cent, up from 1.4 per cent. CBRE predicts the rate to be 3.7 per cent next year.
Non-energy sectors showing strength
CBRE's relatively rosy prediction for Calgary in the face of the economic downturn is partly based on the strength of non-oil and gas sectors in the city.
"Accountants and law firms remain active and the hotel and resort sectors are also posting strong numbers as Albertans vacation closer to home and tourism from the U.S. increases," the report says.
CBRE also says Calgary is becoming an important distribution and logistics hub for Western Canada.
"Third party logistics companies and distribution activity will continue to act as a hedge against the oil and gas sector," the report says.
CBRE cautions that the province's planned royalty review, if deemed detrimental to the energy sector, could dampen real estate investment.
Construction of the southwest leg of Calgary's ring road, set to get underway next year, is also going to be important, according to CBRE.
"The development will further unlock real estate by providing access to land that is currently only accessible via side roads and circuitous routes," the report says.
Q3- Calgary surrounding area report
Higher inventory levels push downward on price
Sales activity in the resale residential housing market surrounding Calgary continued to outperform long-term averages in the third quarter despite reporting double-digit declines when compared with last year.
A total of 1,269 units exchanged hands from July to September, representing a 20 per cent drop from record-setting levels established during the same time in 2014. Overall, however, year-to-date activity in the surrounding area continued to outperform both the five- and 10-year averages.
New listings, meanwhile, declined year-over-year by a moderate three per cent to 2,229 units, contributing to inventory gains during the quarter. Months of supply in the region increased from 4.3 in July to 5.7 in September. While higher months of supply are typical for the surrounding area, easing absorption rates started to place downward pressure on quarterly benchmark prices, declining by 0.41 per cent to $433,033 compared to last quarter.
Robust listings in both Airdrie and Cochrane, specifically, caused notable inventory gains. Nonetheless, detached benchmark prices in both municipalities remained relatively stable, posting moderate changes from the previous quarter and remaining higher than levels recorded last year.
https://scontent-sea1-1.xx.fbcdn.net/hphotos-xpt1/v/t1.0-9/12295365_927260467329415_2192033834774959839_n.jpg?oh=43783a6688152f33bd67f70623d40607&oe=56E34788
Tuesday, November 3, 2015
卡尔加里十月份房地产统计---价格连续第二个月下滑:(
价格连续第二个月份下滑
--- 成交量低于长线均值
卡尔加里二手房市场十月份继续增加的可售库存房源导致连续两个月的价格走低。总市场基准价$453,100 比九月份降了0.7%， 比去年同期降了1.2%。
“整个经济形势持续削弱，影响了二手房市场的需求”，房地产局首席经济学家Ann-Marie Lurie说到。“另外新挂牌的房源没有减少多少，并不能抑制可售库存房源的数量增加，最终导致价格降低”。
价格降得最多的是公管公寓市场，十月底市场基准价降到$288，300， 比九月份低了0.6%， 比去年同期低了近4%。Lurie说供给过剩，六月份市场上的房源平均3个月出手了，十月份却需要六个月。另外又有几个开发商的新公寓项目进入市场，加上租赁市场空置率提高到5.3%（2014年最多时也就1.4%）。还有连体房供给也上升，导致公寓市场8月份时吸收率就已经是4个月了。总体市场还是处于买方市场，独立屋、连体屋价格都比去年同期、九月份降低了。
在这种市场状况下，卖家、买家都应该及时和专业房地产经纪人商讨，看看如何处理自己家的产业。因为租赁市场、新商品房市场竞争也很激烈。如果卖方确实想卖房子，如何切入市场是很关键的。另外买家要考虑那套房子是否满足他们的生活方式的需求。
十月份销售量1421套，比去年同期降了33%，从年初至今总体降了26%。可是库存却涨到5578套，平均吸收率为3.93个月。
独立屋市场还是好些，占了这个交易的60%以上。超过50%的独立屋交易房源价格低于50万！！！
--- 成交量低于长线均值
卡尔加里二手房市场十月份继续增加的可售库存房源导致连续两个月的价格走低。总市场基准价$453,100 比九月份降了0.7%， 比去年同期降了1.2%。
“整个经济形势持续削弱，影响了二手房市场的需求”，房地产局首席经济学家Ann-Marie Lurie说到。“另外新挂牌的房源没有减少多少，并不能抑制可售库存房源的数量增加，最终导致价格降低”。
价格降得最多的是公管公寓市场，十月底市场基准价降到$288，300， 比九月份低了0.6%， 比去年同期低了近4%。Lurie说供给过剩，六月份市场上的房源平均3个月出手了，十月份却需要六个月。另外又有几个开发商的新公寓项目进入市场，加上租赁市场空置率提高到5.3%（2014年最多时也就1.4%）。还有连体房供给也上升，导致公寓市场8月份时吸收率就已经是4个月了。总体市场还是处于买方市场，独立屋、连体屋价格都比去年同期、九月份降低了。
在这种市场状况下，卖家、买家都应该及时和专业房地产经纪人商讨，看看如何处理自己家的产业。因为租赁市场、新商品房市场竞争也很激烈。如果卖方确实想卖房子，如何切入市场是很关键的。另外买家要考虑那套房子是否满足他们的生活方式的需求。
十月份销售量1421套，比去年同期降了33%，从年初至今总体降了26%。可是库存却涨到5578套，平均吸收率为3.93个月。
独立屋市场还是好些，占了这个交易的60%以上。超过50%的独立屋交易房源价格低于50万！！！
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