15 五月

各家機構對疫情後市的房地產市場預測!

這個週末就到了安省封城令實施兩個月了,這段時間好幾百萬人失業,成千上萬間企業宣佈關門,好幾千條寶貴的生命消逝。面對這前所未見的危機,每個機構都試著解讀他們手上的水晶球,告訴我們未來的房地產市場走勢。搜集了各家所言,聽聽他們對交易量、房價和租房市場怎麼說:

 

RBC – April 1

Headline: Home Sales in Canada Could Drop as Much as 30% This Year: RBC

Summary: Canada’s housing market could see a 30% decline in home resales this year, hitting a 20-year low of 350,000 units due to both physical distancing restrictions and economic uncertainty caused by the coronavirus outbreak.

Quotable: “We think the recovery will come in stages—taking buyers up to a year to regroup and rebuild confidence amid high unemployment.”

因疫情所實施的社交距離限制以及對未來經濟的不確定性,加拿大二手房屋市場的交易量可能會有30%的下滑。

RBC – April 6

Headline: Experts Say “Low Risk” of Housing Market Collapse: RBC Report

Summary: While RBC economist Robert Hogue expects housing price support to wear down in the weeks ahead, RBC sees a “low risk” of a market collapse – at this point.

Quotable: “We believe the extraordinary policy response from all levels of government and the Bank of Canada, as well as accommodating measures offered by financial institutions, will soften the blow.”

受惠於各級政府和金融機構的政策及時響應,RBC認為市場 崩潰的機率很低。

RE/MAX – April 7

Headline: RE/MAX: Odds of Coronavirus-Related Housing Market Collapse are Low

Summary: “To burst, or for a real estate market collapse to take place, there would need to be a stagnant demand, with an influx of supply, leading to a sharp drop in prices.” And RE/MAX doesn’t think that’s very likely in the country’s hottest markets.

Quotable: “What is more likely to happen, as a result of this public health crisis, is more of a levelling off, rather than significant dips. The prices have been climbing at such a steep, unsustainable rate, that they were bound to be reined in at some point. However, with levels of housing inventory so low in so many of the country’s hottest markets, it’s unlikely that any price change will be jaw-dropping, or even noteworthy.

在比較熱門的城市,因為房屋庫存量偏低,不太可能會出現讓人驚訝的房價下跌。

Royal LePage – April 14

Headline: Royal LePage Releases Canadian Market Survey Forecast

Summary: If the measures currently in place across the country are lifted before the end of the second quarter, Royal LePage is forecasting that overall prices for Canadian homes will end 2020 relatively flat. If, however, COVID-19 restrictions remain in effect throughout the summer, this could drive home prices down by 3% year-over-year to $627,900.

Quotable: “From our experience with past recessions and real estate downturns, we are not expecting significant year-over-year price changes in 2020. Home price declines occur when the market experiences sustained low sales volume while inventory builds. Currently, the inventory of homes for sale in this country is very low, matching low sales volumes as people respect government mandates to stay at home.”

如果在第二季前能恢復正常,加拿大的房價在2020年會相對平穩,如果在暑假前才恢復正常,會下滑3%。

Capital Economics – April 20

Headline: Canadian Home Prices Could Drop as Much as 5% Due to Coronavirus

Summary: Despite the hot start to spring, COVID-19 disruptions are set to decrease prices in the coming months.

Quotable: “Capital Economics is “pencilling in a relatively modest fall” in house prices of 5% in the coming few months.”

在未來幾個月,房價會下滑5%

Teranet-National Bank Composite House Price Index (HPI) – April 21

Headline: Canadian Home Prices Expected to Lose Momentum

Summary: Teranet says it expects prices are going to start to cool after real estate boards reported a “clear break” in activity during the second half of March due to the coronavirus outbreak.

Quotable: “The loss of momentum is expected to be most prevalent in the metropolitan markets located in central and eastern Canada and in cities like Toronto, Hamilton, Ottawa-Gatineau, Montreal, and Halifax.”

在主要大都會區,房價將會失去動能。

TD – April 29

Headline: TD Now Forecasting Toronto Home Prices to Increase By 7.8% in 2020

Summary: In light of the pandemic, TD economists expect home sales in Canada will remain below their pre-COVID-19 levels for the rest of 2020, with the numbers of transactions expected to plunge in April before gradually recovering in the months to come as the country reopens and social distancing measures ease and workers return to their jobs.

Quotable: “TD said its forecasts are subject to an “extremely high degree of uncertainty.”

預計接下來的2020年,交易量會低於疫情前,不過預計價格會上漲7.8%

CIBC – May 4

Headline: CIBC Forecasting Canadian Home Prices to Drop 5-10% Relative to 2019 Levels

Summary: CIBC economists Benjamin Tal and Katherine Judge suggests that the effects of COVID-19 on Canadian home prices won’t be fully felt until 2021, but that they will drop between 5-10%.

Quotable: “Overall, as the fog clears, we expect to see average prices 5-10% lower relative to 2019 levels, with high-cost units in the high-rise segment of the market seeing the most notable price declines.”

平均價格會較2019年下滑5-10%,尤其是高價格的公寓房。

Altus Group – May 5

Headline: Housing Sector in Canada Expected to Rebound By End of 2020: Altus Group

Summary: Peter Norman, Vice President and Chief Economist at Altus Group, acknowledges that the second and third quarters of 2020 are going to be “disaster zones” for the housing market, but believes that as safety measures begin to lift in the months to come and consumers return to spending and investing as they usually would, he expects to see sectors to start come back very quickly – including housing.

Quotable: “We shouldn’t “underestimate how fast things come back.”

2020年第2季跟第3季的房地產市場會是一場災難,但我們不要低估市場反彈的速度。

DBRS Morningstar – May 8

Headline: Home Prices in Toronto Could Drop More Than 14% By 2023

Summary: Regardless of the various income support programs from the federal government and mortgage deferral options from the banks, the rise in unemployment could lead to the inevitably of more households falling behind and potentially defaulting on mortgage payments, which could, in turn, lead to home prices falling in the coming years.

Quotable: “In the moderate scenario, mortgage arrears nationwide increase to approximately 65 basis points in 2020 and then gradually decline, while home prices fall by 10% cumulatively through 2022. The adverse scenario features mortgage arrears rising to 100 basis points and a 15% correction in housing prices by 2022.”

失業率的攀高,將會導致貸款月供違約,然後房價下跌,預計多倫多房價會在2023年下滑至少14%

Zoocasa – April 1

Headline: Coronavirus Has Pushed the GTA into a Balanced Housing Market

Summary: When the sales-to-new-listings ratio (SNLR), which is described as “a measure of market competition calculated by dividing the number of sales by the number of new listings”, is between 40%-60% it indicates a balanced market, anything above and below that threshold reveals sellers’ and buyers’ markets, respectively.

Quotable: “The numbers recorded in March demonstrate there has been a noticeable shift in market conditions in a very short period of time.”

從成交/掛牌量來看,會是一個平衡的市場。

 

Padmapper – April 15

Our Headline: Average Rent for Toronto 1-Bedroom Stays Highest in Canada

Summary: The average price to rent a 1-bedroom apartment in Toronto remains the highest in Canada, despite the disrupting presence of the ongoing COVID-19 pandemic.

Quotable: “With the strict social distancing measures currently in place and more residents without work as a result of the pandemic, a decline in rental market activity is to be expected.”

因為社交距離的限制跟越來越多人失業,預計租房市場將會下滑。

Urbanation – April 20

Our Headline: Toronto Renters Could See Some Relief in the Post-COVID Market

Summary: The outlook for rents will largely depend on the severity and duration of the economic downturn — which remains highly uncertain at this point — and the resulting impact the pandemic has on vacancies.

Quotable: “As rental demand declines as job losses mount, incomes are reduced, and immigration shrinks, the slowing in the GTA rental market that appeared in the last half of March will progress for at least the next few quarters given the current economic outlook. The impact on rents will be something to watch, which will also be influenced by the timing of the record number of units that were expected to complete this year.”

工作崗位的削減、收入的減少、新移民的萎縮都會減緩大多倫多地區的租房市場,在3月中下旬所出現的冷淡租房市況將會維持數月。

TRREB – May 7

Our Headline: Average Rent for Toronto 1-Bedroom Drops Nearly 3% in April Year-Over-Year

Summary: The average rent for a 1-bedroom reached $2,107, down 2.7% compared to April 2019. The average two-bedroom rent was ‘just’ $2,705, down 4.1% during the same time period year-over-year.

Quotable: “With the strict social distancing measures currently in place and more residents without work as a result of the pandemic, a decline in rental market activity is to be expected.”

因為社交距離的限制跟越來越多人失業,預計租房市場將會下滑。

Rentals.ca  May 8

Our Headline: Apartment Rents in Canada Could Drop Following Pandemic: Report

Summary: As a result of COVID-19, Canada is seeing less immigration, fewer international students, and with the border now closed, there won’t be nearly as many seasonal and part-time workers, who are all typically renters. This coupled with Rentals.ca’s prediction that some short-term rentals convert to long-term rentals, could lead to rents declining.

Quotable: “Renters who put off moving when the pandemic hit are now starting to resume their apartment search in the hopes that Canada’s lockdown will end in the coming weeks.”

因為疫情,新移民和國際留學生數量減少,加上邊境關閉,季節性工人也不來了,這些人也是租房的主力之一。還有,短租改為長租,這些都會造成租金下滑。

Rentals.ca – May 13

Our Headline: Average Rent for 1-Bedroom Apartment in Toronto Drops 6% Year-Over-Year: Report

Summary: At the beginning of the COVID-19 lockdown, there wasn’t a noticeable decline in rental rates for condominium and rental apartments… however, that changed dramatically in April as landlords responded to this lower-demand market by adjusting their asking rents.

Quotable: “With the gradual opening of the economy, this may be the low point for rental rates in some time if tenants feel comfortable enough to move.’

隨著經濟重啟,租金可能還會下滑,如果租客的搬家成本不高。