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REAL ESTATE OUTLOOK 1987 Positive environment benefits commercial real estate ventures The bullish confidence which fuelled many Canadian commercial real in 1987 largely will settle into a more steady level of in 19sa forecasts the 1983 Royal Market Survey According lo Royal LePagc researchers demand for business ion and quality Investment product will remain sound through as market par tleipants react to generally positive economic conditions Certainly recent changes in the global financial environment may Impact business and consumer confidence over the short term However since the ma Joriiy of economic indicators appear to be relatively stable It is unlikely Hut Canada commercial real estate markets will be unduly affected in the longer term The Market Survey notes that the direction Interest rales together with regional strengths weaknesses likely will be I he major Factors impacting user and investor decisions throughout 19B8 Barring extended upward climb In interest rates major centres within On and Quebec which enjoy a diversified manufacturing and service base should experience steady growth throughout 196S Concurrently It is anticipated that the economic recovery in Calgary and which became noticeable in the latter half of will gather momentum in Within a national context it is likely that The Winter Olympics in Calgary and The Economic Summit in Toronto will direct international media attention to Canada throughout much of 1988 This is expected to sharpen Investor interest in Canada and Its commercial real estate markets Turning to specific sectors a national overview of office leasing market in that demand or business accommodation together with a general in construction will cause office vacancy rites to leel or decline in man markets In Toronto for example the overall i rate Is expected to be 3 per cent by December 1988 down from projected per cent at year end 1987 and Winnipeg also ire expected to post single digit vacancy levels Additions to will outpace absorption only in Ottawa and Ed While lighkning market conditions in some ma place upward on rental rates and limit inducements office riles generally will remain at levels lonsidered to the equilibrium paint and demand Consequently Royal forecasts that will be another Favorable year for the if tenants seeking to upgrade or expand spice requirements An analysis of developer reveals that builders are responding in creasing demand the private sector for suburban class A office space band office markets in Toronto Montreal and Ottawa experienced significant development activity in 1987 and a penmtage of development pro jects in 1988 also will occur in prime core locations The industrial real data base indiciles there is strong de mand owners users and investors for factoring and warehousing facilities The emergence of an owneroriented market in 1987 is In part a of readily available prosperous minuhclurers and in rates Demand or tenant space is particularly strong Toronto Montreal and Vancouver In response con wis initiated in While speculative construction has been negligible in and in recent Royal suggests this In I9R8 Development may be in of space In and growing confidence in Dili to the grow on of minuf iclurmg and sen up a portion of new space cross eiunrv of iirtustml is tlu vine rtieo I In I n rei of lit il On lh arc le intense i ill major mirket Is f prim lint whin in mirkei product wilt Hi I art in me Ton pi invest the ii i i tor decisions met product parti lions in sectors mi caused some i acquiring less well looted product The implications of Tax Reform While the ivtr reform package is expected to have a minimal impici Investors art nonetheless approaching in more discriminating manner until they review all reform implications Lepage stresses that domesllc foreign investors will continue to pur sue a limited supply of prime office Industrial retail and high rise resldcnthl product It is anticipated that Western Canada centres Calory Edmonton will be the focus or growing interest from investors headquartered in Ontario Quebec Fuelling this interest are a number of factors including the strengthening recovery within the energy sector the perception that product is undervalued and generally below replacement cost the ability lo achieve rates of return not available in other Canadian centres An analysis or Canada retail sector suggests thai investors and developers will remain attracted to the market due in part to healthy consumer spending patterns and upward pressure being placed on rental rates and values A rev latitat ion of many of Canada s core retail morkets including Montreal Edmonton and Calgary indicates investor and user confidence In the dynamism of these centres In Toronto Ottawa Winnipeg and Vancouver where retail zoned core land is In limited supply Investors and developers have focused their various renovation and infill projects In conclusion Royal LcPage researchers believe tnat generally sound economic conditions should provide a positive environment for commercial real estate opportunities In 1988 while participants in the market may be required to adapt to periodic or unexpected changes in the market Roval resear believe that generally sound economic conditions in should provide a post for commercial real estate decision making SHORTS Plastic glue Need to glue something plastic but you re out of plastic glue What to Use Instead by Carol Ann Rlnzlcr suggests substituting nail polish re mover which softens and dissolves plastics Painl the remover on two pieces of plastic and press the painted surfaces together The plastics should bond as they dry Tierra del Fur go Ticrra del Is the largest IS DO square miles island in the of the same name at the southern lip of South America It is an area of majestic mountains tortuous channels and high winds It was dis covered In 1520 by Magellan and named Land of Fire because of its many Indian bonfires Part of the Is land is in Chile part In Argentina Wraparound mortgage A wraparound mortgage is a lech by which the buyer of a home can assume a low Interest rate gage from the seller The advantage to the buyer is thai the blended in rate is lower than the new mortgage rates and the payments to the lender are smaller than payments on a new mortgage at current interest Energy guide When shopping for a room air con look for the yellow and black federal Energy Guide label It carries the unll Energy Efficiency Rating and estimated yearly ing cost The higher the rating the less energy required for a cooling job We work together for you Halton Hills Milton Areas BARBARA GLENN Milton 8761156 Ret 0923 For appointment call or Barbara Royal City Realty ALEX GLENN Georgetown Ret 1519 853 0923 OPEN HOUSE SUNDAY 24 36 Main St Acton Wed kepi DldC bedroom burnt with lot running Ihrough back property lot of room fin ind SECLUDED WOODED SPLENDOR bene Mend aU tog and modem tuna to new kitchen TNi ft 9 acre pond Trta LOOKING BUNGALOW IN DORSET PARK re it a ant 3 mi with tad aha BRAND NEW HOMES S165 I Bitten Pine In Urn rtoai new kit Is 66 let Aba floor Atlanta mot January FOR HOUSES OH 1 PflOPEflTY ThU tally SO ocm f land and tarn Main u ArtlrBaWO HORSE FARM 35 acres 11 paddocks stall bam Imitation brick 1 storey 3 bedrooms large country kitchen double garage xjhts to estimate Ids uafee REMAX SUBURBAN REALTY INC REALTOR CONTACT llMAKHlS TO ARRANGE AN APPOINTMENT i aJ