REALpac Releases Second Quarter Canadian Real Estate Sentiment Survey Results
May 27, 2010
The Real Property Association of Canada (REALpac) and FPL Advisory group announce the results of the Second Quarter 2010 REALpac / FPL Canadian Real Estate Sentiment Survey. The survey measures senior executive’s confidence in the Canadian commercial real estate industry.
Forty senior real estate executives were polled, including CEOs, presidents, board members, and other executives from a broad set of industry sectors including owners and asset managers, financial service providers, operators and related service providers. It measures current and future outlook on three topics: overall real estate conditions, access to capital markets, and real estate asset pricing. Respondents represent the retail, office, industrial, hotel, multi-family residential and seniors residential asset classes.
Topline Findings:
- Current conditions continue to strengthen. However, future expectations are diminishing, resulting in the overall index being flat.
- Expectations for the future are high but have begun to moderate as some express concern about continued weakness in fundamentals.
- An overwhelming majority see asset values on a positive trajectory, largely due to availability.
- Responses reflect strong improvement in debt capital availability, though future expectations are moderating.
- Perspectives on equity markets continue to strengthen, with current conditions up again and future expectations moderating.
Data was collected during the first two weeks of the second quarter of 2010.
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