Toronto Skyscrapers by Steve Harris
The results from the REALpac/FPL Canadian Estate Sentiment Survey for the second quarter of 2011 show that positive trends in the Canadian commercial real estate market continue.
It is great news that the majority of respondents observes and expects improvement in the real estate market. Most respondents believe that price growth will slowdown. The Overall REALpac/FPL Sentiment Index in the second quarter indicates positive trends in the future. Market bifurcation is weakening and debt availability is improving, according to respondents. What’s very important is that respondents claim that the equity capital availability remains healthy and is heading in the right direction.
The REALpac/FPL Canadian Estate Sentiment Survey captures the approaches of top real estate executives from various industry sectors, including CEOs, Presidents, Board Members, owners, asset managers, financial services providers, building operators, and related service providers. Survey respondents represent major asset classes such as office buildings, retail shopping centres, industrial buildings, hotels, multi-family residential (apartment buildings), and seniors residences. The main purpose of the REALpac/FPL Canadian Estate Sentiment Survey is to measure senior real estate executives’ confidence in financial and real estate markets in Canada.
The survey evaluates executives´ current and future perspectives in three areas, comprising overall real estate conditions, real estate asset values, and the availability of capital. The survey consists of three Sentiment Indices: Current Conditions, Future Conditions, and Overall Conditions Index. The “REALpac/FPL Canadian Real Estate Sentiment Survey” directly corresponds to the “Real Estate Roundtable Sentiment Survey” in the US.