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2005 Program

7:00 AM

REGISTRATION & CONTINENTAL BREAKFAST

 

7:50 AM

OPENING REMARKS: PROGRAM OVERVIEW

 

Introduction of the Forum Chairman:

Jon Wellman, President, BOMA BC and Vice President, Bentall Capital

Forum Chairman:

Eric Carlson, President & CEO, Anthem Properties

8:05 AM

KEYNOTE ADDRESS: HOW WILL THE DOMESTIC AND REGIONAL ECONOMY PERFORM OVER THE NEXT YEAR? HOW MUCH GROWTH CAN BE EXPECTED?

 

Two leading economists will offer their insights and forecasts on both the short-term and long-term outlook of the North American market and how this will impact the direction of interest rates, commodity prices, international investment and economic growth in Canada and, in more detail, British Columbia. What sectors and which markets will outperform others? How do the prospects for Vancouver compare to the outlook for other major Canadian cities? Why is B.C. once again outperforming most other cities across the country? What should real estate stakeholders expect now that B.C. is back in business?

Speakers:

Don Drummond, Chief Economist & Senior Vice President, TD Bank Financial Group (download presentation)
Jock Finlayson, Executive Vice President, Policy, Business Council British Columbia (download presentation)

8:55 AM

IMPACT OF THE 2010 OLYMPICS ON THE INFRASTRUCTURE OF THE GREATER VANCOUVER REGIONAL DISTRICT

 

This session will provide a succinct overview of the timing and expense of the major construction and transportation projects scheduled towards the 2010 Winter Olympic and Paralympic Games. What cost will this impact have on various Lower Mainland neighbourhoods? What voice and impact will local communities have in this process? Furthermore, this presentation will address the process and commitments towards these local communities to date and how this process is expected to continue leading up to 2010.

Moderator and panelist:

David Podmore, President and CEO, Concert Properties (download presentation)

Panel:

Jill Davidson, Senior Housing Planner, City of Vancouver (download presentation)
Marvin Hunt, Chairman, Greater Vancouver Regional District
Pat Jacobsen, Chief Executive Officer, TransLink

9:50 AM

CURRENT AND EMERGING TRENDS IN VANCOUVER’S OFFICE MARKETS

 

Compared to other markets in Canada, what kind of momentum has the Vancouver market experienced since 2000, including 2004 and the first quarter of 2005? What is the outlook for the remainder of the year and beyond in terms of inventory growth, the increase in office workers, vacancy rates and tenants’ leasing options? How do the trends in the suburbs compare to the downtown core?

Speaker:

Sandy McNair, President, InSite Real Estate Information Systems (email sandym@realinsite.com for presentation)

10:15 AM

HOW DO THE CAPITAL MARKETS AND MAJOR INVESTORS FEEL ABOUT THE VANCOUVER MARKET?

 

What major influences are driving the commercial real estate markets in Canada, and, more specifically, in British Columbia? Is international investment playing a stronger role? How will the markets react to a rising interest rate scenario? Are current pricing levels sustainable and what would change them?

Speaker:

John O’Bryan, Managing Director, TD Securities Realty Group Inc.

Download the Presentation

10:40 AM

MORNING REFRESHMENTS

 

11:00 AM

CONCURRENT SESSIONS (Select A1 or A2)

 

Session A1:

MULTI-FAMILY RESIDENTIAL MARKET GROWTH UNPRECEDENTED — BUT WHAT ARE THE RISKS?

The condominium and apartment market continues to grow at unprecedented levels. The impact of foreign investment is spurring on local owners to upgrade older buildings at great costs. Will these improvements be enough to keep tenants in existing buildings or will they be lost to newer more sophisticated properties? Furthermore, what is the current investor attitude towards apartment buildings vs. other asset classes? And what is the impact of individual investors on this market?

Moderator:

John Zaytsoff, Real Estate Market Leader, KPMG

Panel:

Neil Chrystal, President, Polygon Homes Ltd
Ward McAllister, President, McAllister Properties
Cameron Muir, Senior Market Analyst, Canada Mortgage & Housing Corporation
Bill Zigomanis, Managing Director, Multi-Unit Residential, TD Canada Trust

Download the Presentation

Session A2:

THE INDUSTRIAL MARKET IN VANCOUVER – AN UPDATE!

This panel will examine the current situation and future prospects for this sector in Vancouver from the perspective of owners, developers, investors and users. What is the outlook for leasing activity in this sector? Where are the new trends for investment and development? The Campbell Heights Business Park will be examined as a case study example of opportunities for success in this sector.

Moderator:

Ron Bagan, Managing Director Vancouver, Colliers International

Panel:

Ryan Beedie, President, Beedie Group
Jeff Fleming, Director Commercial Investments Western Canada, GWL Realty Advisors
Randy Heed, Vice President Industrial Broker, Colliers International
Peter Martin, Manager, Industrial & Commercial Properties, Concert Properties

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12:00 PM

RECEPTION

 
 

LUNCHEON

 

1:20 PM

CONCURRENT SESSIONS (Select B1 or B2)

 

Session B1:

VANCOUVER’S HOT RETAIL MARKET: WHY IS IT SIZZLING?

One of the hottest and most interesting markets currently in Vancouver is the retail sector. Cap rates continue to fall in order to attract investors. When is the bottom going to fall out? The Village at Park Royal has sparked wide interest from other municipalities on developing similar projects, but are they worth it? Or is the emerging American trend of developing “power centres,” where people live, work and play all within a very close proximity an option for Lower Mainland municipalities?

Moderator:

Kevin Evans, Western Vice President, Retail Council of Canada

Panel:

Rick Amantea, Vice President, Park Royal Shopping Centre (email ramantea@parkroyal.ca or phone 604.922.3211 for presentation)
Lenora Gates, Partner, Orange National Retail Group (BC) Inc. (download presentation)
Tony Quattrin, Vice President, Investment Sales, CB Richard Ellis (email tony.quattrin@cbre.com or phone 604.662.5154 for presentation)
Brent Sawchyn, Principal/Senior Vice President, Development, Anthem Properties (download presentation)

Session B2:

VANCOUVER’S DOWNTOWN OFFICE MARKET: A NEW ERA EVOLVES!

With office vacancy rates at less than two per cent at the top of most triple A facilities, quality leasing options for tenants are slim to none, even with the Shaw Tower, PricewaterhouseCoopers and Bentall V as recent additions to the skyline. Does this mean tenants will leave the downtown core for suburban office space or suffer the consequences until the market turns? If tenants do leave downtown, will it be permanent? Is this a concern for owners? Alternatively, where will the investment come from to build Vancouver’s next tower, and literally, where will be the location? The panel will also address the market outlook for office space for the short and medium terms.

Moderator:

Doug Snider, Past President, REIC-BC Chapter, and Associate Broker, NAI Goddard & Smith, Commercial Real Estate Services, Worldwide

Panel:

Tony Astles, Senior Vice President, Bentall Real Estate Services LP
Don Harrison, Senior Vice President, Western Canada, GWL Realty Advisors
Bill James, Principal and Managing Director, CRESA Partners
Tom Knoepfel, Director of Leasing, The Cadillac Fairview Corporation

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2:20 AM

AFTERNOON REFRESHMENTS

 

2:25 PM

B.C.’S COMPETITIVE EDGE – WE’RE BACK IN BUSINESS!

 

The outlook for B.C. is positive, with a burgeoning economy driven by various traditional and emerging industries. Significant business and personal tax cuts and other government changes have created a new competitive business environment for the province. British Columbia now offers numerous advantages for small enterprises and global companies looking to locate or relocate business operations. The presenter will also provide a broad overview of the ideal environment for companies seeking to set up operations in B.C. including cost and business environment, and how these factors vary among different industries.

Speaker:

Greg Wiebe, Greater Vancouver Office Managing Partner, KPMG

Download the Presentation

2:50 PM

THE SUMMARY: A RECAP OF TODAY’S CONFERENCE

 

Eric Carlson, Chairman of this year’s conference, will provide insight into the day’s events as he highlights the forum’s key discussions and presentations — many of which will undoubtedly dominate industry discussions for weeks to come. The various asset classes will be reviewed in his summary address, in addition to some of the economic comments raised by our featured speakers. A quick recap of the tools and tips needed to be effective and competitive going forward.

3:05 PM

CLOSING SESSION: WHAT MAKES VANCOUVER SO ATTRACTIVE?

 

More than a decade ago, pollster Angus Reid created a pan-Canadian survey. One of the questions asked Canadians to select where they felt was the best place to live and work in the country. More than 25 per cent of respondents chose Vancouver. Now, in 2005, the burning question is: Have we lived up to these expectations? And why is Vancouver such a desirable place to live and work? Join Angus Reid as he offers his views, based on both statistical and opinion-based research, as to why a good proportion of the country’s population believes Vancouver is one of the most livable and promising cities in Canada. What does the future hold, and what should real estate investors expect? Will this upward trend will continue?

Featured Speaker:

Angus Reid, President & CEO, Angus Reid Consultants (for presentation, please email angus.r@angus-reid.com)

3:50 PM

CLOSING COMMENTS

 

Bill Tucker, Vice President, NAIOP Vancouver, and Partner, Omicron Architecture Engineering Construction

4:00 PM

CHAIRMAN’S RECEPTION