Continued positive trends in the Canadian commercial real estate market, according to REALpac / FPL Canadian Real Estate Sentiment Survey, Q2 2011
The Real Property Association of Canada (REALpac) and FPL Advisory Group are pleased to announce the results from the REALpac / FPL Canadian Real Estate Sentiment Survey, Second Quarter 2011.
- The Overall REALpac/FPL Sentiment Index was flat in the second quarter, reflecting continued positive trends.
- More respondents see the real estate market as “about the same,” but the majority are still seeing and expecting improvement.
- Expectations for further price growth continue to moderate.
- Respondents suggest that debt availability continues to improve and recent market bifurcation seems to be fading.
- Equity capital availability remains strong and is still on a positive trajectory, according to respondents.
The REALpac/FPL Canadian Real Estate Sentiment Survey serves as a gauge of senior real estate executives’ confidence in financial and real estate markets in Canada, and measures executives’ current and future outlook in three areas including overall real estate conditions, real estate asset values, and availability of capital. Three Sentiment Indices comprise the survey including a Current Conditions, Future Conditions and Overall Conditions Index.
The Q2 2011 survey captured the thoughts of 58 leading real estate executives, including CEOs, Presidents, Board Members, and other leading executives from a broad set of real estate sectors including owners and asset managers, financial services providers, and building operators and related service providers. Survey respondents represent income producing real estate including office buildings, retail shopping centres, industrial buildings, hotels, multi-family residential (apartment buildings), and seniors residences.