Toronto Real Estate Forum

WEDNESDAY, DECEMBER 4^th

7:00 a.m.

BREAKFAST

All delegates to The Real Estate Forum will automatically be registered to attend the Royal LePage 2002 Annual Market Survey Breakfast.

7:45 a.m.

PRESENTATIONS

ROYAL LEPAGE ANNUAL MARKET SURVEY BREAKFAST

A review of real estate activity in major Canadian markets relating to office, industrial, investment, retail and residential asset classes, and the outlook ahead for 2003.

Speaker:
Colum Bastable, President and Chief Executive Officer, Royal LePage Commercial Inc.
Arthur Mirante II, President and Chief Executive Officer, Cushman & Wakefield Inc.
Sheila Botting, Executive Vice President,
Royal LePage Advisors Inc.
Paul Morse, Vice President and National Practice Director, Office Leasing, Royal LePage Commercial Inc.
Jamie Ziegel, Vice President and National Practice Director, Investment and Financial Services, Royal LePage Commercial Inc.
Kelly Marshall, Vice President, Corporate Finance, Brascan Financial Corporation

9:10 a.m.

BREAKFAST CONCLUDES

9:30 a.m.

OPENING REMARKS: PROGRAM OVERVIEW

Ed Sonshine, President & CEO,
RioCan Real Estate Investment Trust
Gary Whitelaw, President, Bentall Capital/
Penreal Capital Management

9:35 a.m.

THE GREAT DEBATE: HOW WILL OUR ECONOMY PERFORM IN 2003 AND BEYOND? HOW MUCH GROWTH CAN WE EXPECT?

Two of Canada's leading economists will offer their insights and forecasts on both the short-term performance and long-term outlook for the North American economy. They will also discuss a range of other related issues, e.g. the future direction of energy costs, the rate of inflation, the anticipated actions of the Federal Reserve and the Bank of Canada, and emerging industrial trends. The discussion will conclude with some observations regarding how much economic growth can be anticipated over the next few years.

Speaker:
Jeff Rubin, Vice President and Chief Economist,
CIBC World Markets

10:25 a.m.

Values Matter Most: How Canadian social Trends are Changing and What It Means for Your Business and Your Organization

A very enlightening and entertaining presentation on how the globalization of commerce, culture and communications, increasing education, and multiculturalism are significantly transforming our values as Canadians. Learn what we still have in common with each other and what differentiates us today. The speaker will also provide some valuable insights on what Canadians have in common with Americans, what continues to differentiate us from one another, and why the differences between the cultures of our two countries will remain strong for decades to come.

Speaker:
Michael Adams, President, Environics Research Group, the founder of one of Canada’s largest and most sophisticated research organizations on social, political and consumer trends in Canada, Europe and the U.S. He has authored several bestsellers on understanding Canadian demographic trends including Sex in the Snow: Canadian Social Values at the End of the Millennium; Better Happy Than Rich? Canadians, Monday, and the Meaning of Life; and Fire and Ice. The United States, Canada, and the Myth of Inevitability, to be published in 2003.

11:15 a.m.

MORNING REFRESHMENTS

11:40 a.m.

REAL ESTATE CAPITAL IN CANADA TODAY: THE VIEW FROM THE STREET

Access to well-priced capital is an imperative for every developer, property owner and real estate investor, both large and small. This session will provide a wide-ranging discussion on current and emerging trends in sourcing private and public capital for both debt and equity real estate investment in Canada. The panel will comment on capital flows, transaction volumes, transaction structures and pricing, and relative value in light of expected property and capital market conditions. Among other questions they will discuss:

What products peak the interest of investors and which ones are currently less favoured?
What is catching the attention of institutional investors?
Is there a movement towards more traditional products and financing?
How much interest in the Canadian market is there among non-domestic source of capital?
Will there be any significant shifts in real estate financing trends in 2003?
Where does real estate fit within the asset allocation strategies of investment decision-makers?

Moderator:
Ira Gluskin, President & Chief Investment Officer, Gluskin Sheff Associates Inc.

Panel:
Oscar Belaiche, Vice President, Goodman & Company Investment Counsel
Jon Love, Managing Partner,
KingStreet Capital Partners Inc.
Doug McGregor, President & CEO, RBC Capital Markets Real Estate Group Inc., Co-Head, Corporate Finance, RBC Capital Markets
Jean Pinard, President, CDP Capital Mortgages
Dan Sullivan, Deputy Chairman, Scotia Capital

12:55 p.m.

RECEPTION

LUNCHEON

1:55 p.m.

FOREIGN INVESTORS VIEW OF THE CANADIAN MARKET: THE PERSPECTIVES FROM EUROPE, ISRAEL AND THE UNITED STATES

This session will examine the extent of foreign interest in the Canadian real estate market by featuring several active investors who will discuss the underlying reasons for their activity in this country. The questions that will be examined include: what type of opportunities or products are catching their attention; have their investments in Canada already peaked or do they plan to make more acquisitions; are their investment strategies focused on short-term or long-term objectives; do they see this trend of foreign interest in the Canadian market growing or continuing.

Moderator:
Blake Hutcheson, President, CB Richard Ellis Limited

Panel:
Gil Blutrich, President, Skyline-International Development

Jacques Gordon, International Director, Research,
LaSalle Investment Management

Dan Smith, Senior Vice President, North America,
GE Real Estate

Greg Vorwaller, President, Investment Properties, The Americas and Global Markets, CB Richard Ellis Limited

3:15 p.m.

RECEPTION

December 3	December 4	December 5
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