“2012 real estate conditions are expected to remain relatively stable, with 50 per cent of respondents providing an entirely neutral outlook for the coming year,” according to the REALpac/FPL Canadian Real Estate Sentiment Survey, released last week and measuring the current and future outlook of 55 industry executives. “Eighty-seven percent of respondents report increased asset values from those of a year ago, though respondents expect asset values in 2012 to be much more stable.”
Billed as Canada's most comprehensive measure of senior executive confidence in the domestic commercial sector, the survey’s first quarter index reading came in at 61 out of a possible score of 100, slightly up from 60 last quarter but down from 71 one year ago.
A growing divide between respondents’ perceptions of the current market conditions and those in the future has started to emerge, scoring 64 and 58, respectively.
That reflects the expectation of a declining rate of market improvement, although does not, according to survey authors, reflect an expectation of decline.
That growing discrepancy between today and tomorrow’s commercial sector mirrors overall projections for the Canadian economy.
Analysts are anticipating that GDP growth in the last quarter of 2012 will come in just under the 2 per cent growth expected for all of last year.
That trend will likely carry over into this year and next, according to some economists, although most are waiting on official Q4 results due out this week.
Written by Vernon Clement Jones
Courtesy of http://www.CanadianRealestatemagazine.ca
National prices continue gains in first two months of 2012
If national real estate prices are to begin to decline or stabilize this year, it’s not going to be happening in the first few months.National prices continue gains in first two months of 2012
Survey: Sector less optimistic about commercial real estate
Survey: Sector less optimistic about commercial real estate
The commercial real estate market in the first three months of 2012 looks very much like 2011’s, according to a new survey of sector players, identifying only modest improvement over last year.
The commercial real estate market in the first three months of 2012 looks very much like 2011’s, according to a new survey of sector players, identifying only modest improvement over last year.Interest rates to keep buyers active this year:
Interest rates to keep buyers active this year: CREA
While prices are higher this year, lower interest rates will keep buyers active, according to a new forecast.
The Canada Real Estate Association (CREA) said today that home sales activity in Canada will remain relatively unchanged in 2012 from last year, although average prices will be lower in two years than they are now.
National resale housing activity will gain 0.3% from the 457,305 sales last year to reach 458,800 this year, said the CREA
While prices are higher this year, lower interest rates will keep buyers active, according to a new forecast.
National resale housing activity will gain 0.3% from the 457,305 sales last year to reach 458,800 this year, said the CREA
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