On the economy of India, Linneman said it “continues to move forward based on long-term positive demographics. However, the political climate and corruption unearthed over the past two years have made it everyone’s favorite whipping child. The government has instituted a series of reform measures intended to attract foreign capital, and put forth a recent budget focused on controlling spending, loosening entitlements, and increasing taxes, with a view toward shrinking the country’s deficit.”

“Singaporean REITs were some of the globe’s best performing stocks in 2012, a trend that should continue in 2013,” stated Dr. Linneman, “Because the Singaporean government keeps tight restrictions on real estate development, there appears to be little risk of supply outstripping demand. Demand for office and industrial space should continue, while the prices of apartments will continue their current run of consecutive annual increase.”

As recent months passed, NAI Global welcomed three new member firms in Asia and is excited to be expanding. These new members include NAI Trinitty Partners (India), NAI Malaysia and NAI Tosei Japan.

Vacancy rates across the board are at historically low values. The rental rates have steadily increased over the past 5 years. It is thought that they may plateau in late 2013.

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2013 NAI Commercial Multi-family Report from NAI Commercial gives you information on all the sales activity in the past year. It is also full of helpful tips on what areas to look for when considering a multi-family investment. There is information on what is going on with the interest rates and how they will affect the markets throughtout the year. We have identified the best markets to be looking into when considering buying and why. 

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In his latest white paper, “Unprecedented Global Government Intervention,” NAI Global Chief Economist, Dr. Peter Linneman, discusses the dangers and pitfalls of the extraordinary wave of global government intervention we are currently witnessing in capital markets. Citing historical examples, he demonstrates that intervention leads to prolonged periods of stagnation and uncertainty; “In all, government activity is now deterring the very investment it was hoping to spur.”

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Join NAI Chief Economist Dr. Peter Linneman for an insightful discussion on these topics and more.
Global Economic Outlook with Dr. Peter Linneman Web Conference

Date: July 11, 2012
Time: 1:00 PM Eastern / 10:00 AM Pacific
Click here to register

In his latest white paper, “Global Economic Round-Up”, NAI Global Chief Economist, Dr. Peter Linneman, evaluates the state of the global economy in Europe, Asia and the United States including the impact of the continuing European debt crisis, the rise of China and India and the current state of the U.S. economic recovery.

The white paper addresses the future of the Euro, the rapid growth and rising vulnerabilities of the Chinese and Indian economies, and the potential for long-term economic malaise in the United States absent leadership from any branch of the U.S. government.

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Our report provides you with:
- all the multi-family transactions for 2011 with historial comparisons with 2009 and 2010
- an overview of the Vancouver Regional Market
- separate identification of the 17 submarkets in the region
- market insight into the Vancouver, Burnaby and Fraser Valley markets for the coming year
- our “Best Bets” for 2012

Click here to view NAI Commercial Multi-family Market Report
Please review our data carefully and we would appreciate any feedback you may have on our report.

The 2011 International Property Guide provides insight into key local business customs and practices for 60 countries around the world:
Clicking here to view NAI Commercial 2011 International Property Guide.

The 2011 Global Property Prices & Trends report highlights key demographic data along with current rental rates and investment yields for 140 global markets:
Clicking here to view NAI Commercial 2011 Global Property Prices and Trends Report.

Since 2011 began, several industries have seen improvement: more people are buying, residential unit sales are improving and tourism is increasingly present. The automobile industry is also experiencing regrowth along with other important sectors. This regrowth is slowly progressing towards Canada and, particularly Quebec, where multiple projects are currently underway. These changes reflect the economic recovery taking place in the province.

In terms of real estate, Greater Montreal and its metropolitan area have already experienced a flourishing year, and 2011 seems to be headed in the same direction. In fact, architects have multiple projects on the drawing board that have already begun to take shape. Among these projects are several private constructions including condominiums and multi-unit buildings. We are pleased, since these future developments denote a year filled with various challenges and achievements. Here are the projects underway for 2011:

RESIDENTIAL
 Norampac project, Rue Molson in Montreal: approximately 250 housing units (Rosemont – Petite-Patrieborough).
 Evolo project, Nuns’ Island: 125 units.
 Devimco project, Rue Wellington in Montreal: 250 units (Griffintown district).
 Carré de la Montagne project, 160 condominium units on De La Montagne street (Griffintown district).
 Canvar project, Nuns’ Island: 700 housing units for rent.
 Canvar project, René-Levesque Boulevard in downtown Montreal: diverse project with 40 floors (hotel, offices, and apartments).
 McGill Construction project, 7400, Rue Saint-Laurent in Little Italy, near Jarry Park (conversion and new construction): approximately 250 to 300 residential units.
 Altitude project, Rue University in the heart of downtown Montreal: 225 units.
 New condo tower, Rue Sherbrooke and Stanley: 175 units.
 Ritz Carlton: 46 luxury units with prices varying from $1.3 to $12 million.
 ‘’Tysel’’ Residential Tower, 140 housing units in Brossard.
 Le Sieur de la Chesnaye project : 450 condominium units in Lachenaie.
 As well as the Altoria project on Rue Viger along with several other projects already in progress.

PUBLIC PROJECTS
 CHUM and its English counterpart.
 The Institut de recherches cliniques located above the Autoroute Ville-Marie.
 The Université de Montréal campus in Outremont’s former rail yards.
INDUSTRIAL
 In the industrial sector, the Mirabel region is booming with companies such as Bombardier, Bell Helicopter and other affiliated industries.
 Also, new infrastructures for our roads and bridges.
COMMERCIAL
 The expansion of Montreal’s South Shore’s Quartier DIX30 with several new constructions, including a new Ogilvy.
OFFICES
 The expansion of Rio Alcan’s head office is scheduled for the spring.
 In 2011, the office leasing market will remain stable because there are still many vacancies to fill and sublets for rent. For this reason, we do not have new office projects scheduled for the short term. However, major tenants are expected for several sites and projects. In fact, it is essential in order to maintain market balance,
so construction corresponds to demand.

Therefore, 2011 promises to follow in last year’s footsteps; it will be prosperous and very busy as we accomplish many challenging projects. Obviously, these projects are taking place within an overall economic period that is slowly progressing and on the road to recovery. With several projects already underway, and those still at their beginning stages, we can say that 2011 will be characterized by booming economic recovery.

For more details, please contact :
Karine Seguin
Marketing Director
(514) 866 3333 ext : 228
kseguin@naimontreal.ca

Please visit our website at www.naiapartments.ca for the full report.