Real Estate Forums is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Informa

2009 Program

7:00 AM

REGISTRATION & CONTINENTAL BREAKFAST

 

8:00 AM

OPENING REMARKS: PROGRAM OVERVIEW

 

Introduction of the Forum Chairman:

Michael Bishop, Director of Asset and Property Management, Westbank Projects Corp.

Forum Chairman:

Tom Knoepfel, Vice President & Divisional Portfolio Manager, Pacific Region, Cadillac Fairview

8:05 AM

KEYNOTE ADDRESS – ECONOMIC OVERVIEW: TRYING TO UNDERSTAND WHAT LIES AHEAD

 

A leading economist will offer forecasts and insights on the short-term and long-term outlook of the North American economy. What is the impact on Canadian Real Estate – how did we get here and where are we going? A range of related issues will be presented including a look at what the economic recovery will look like and how we will get there. When will the capital flow return and at what cost?

Speaker:

Jeff Rubin, Chief Economist & Chief Strategist, Managing Director, CIBC World Markets Inc.

8:35 AM

NARROWING IN ON THE BC MARKET – ARE WE MORE INSULATED THAN THE REST OF THE COUNTRY? AND IF SO WHY?

 

Moving the lens closer to home, this session will look at Vancouver and British Columbia in relation to other cities and provinces in Canada. How does it compare? Where is the economy going and what are the emerging trends? How are the major industries in BC affecting real estate? What indicators do we need to see before the economy and real estate markets turn around? What are the anticipated major drivers and influences of the economy for 2009/10?

Presenter:

Jock Finlayson, Executive Vice President – Policy, Business Council of British Columbia

Download the Presentation

9:05 AM

INVESTMENT PANEL: SLOWING NOT HALTED

 

A panel of industry leaders will provide an extensive discussion on current and emerging investment trends. Who are the most active buyers? Who are the sellers? Which product types are currently most favoured by investors? Which asset classes are “top of mind” and why? What have been some of the most significant transactions? How do investor attitudes vary from institutional vs. private and domestic vs. offshore? What is the outlook for investment activity in 2009 and beyond and what will be required for an increase in deal flow? How will recent activity in the US impact on investment potential and confidence?

Moderator:

John O’Bryan, Vice Chairman, CB Richard Ellis Ltd.

Panel:

Avtar Bains, Executive Vice President, Colliers International
Mark Rose, Chairman & CEO, Avison Young (Canada) Inc.
Paul Zemla, Chief Investment Officer, Bentall LP

Download the Presentation

10:05 AM

MORNING REFRESHMENTS

 

10:25 AM

CONCURRENT SESSIONS (Select A1, A2 or A3)

 

Session A1:

VANCOUVER’S OFFICE MARKET: EXPECTATIONS AND REALITY — WHAT HAS REALLY HAPPENED AND WHERE ARE WE RIGHT NOW?

The current market suggests a 4% vacancy rate with anticipation that it could go as high as 6 or 7% – is this a bad thing? Both equity and debt markets are impacting the office leasing markets. Furthermore, with BC’s resource sector in contraction, where will the demand come from? What industries will lead the demand? Where will supply originate? How long will owners sit on their direct space? Which owners will lead the market? What will happen with downsizing? How do equity markets play into the equation? How will the sub-lease market affect the market?

Moderator:

Sandy McNair, President, Altus InSite

Panel:

Lou Ficocelli, Director of Office Leasing, Cadillac Fairview
Brent Lee, Director, Office Leasing, Western Region, Ivanhoe Cambridge
Jeff Rank, Managing Director, Cushman & Wakefield LePage
Chuck We, Director of Leasing, Oxford Properties Group

Session A2:

INDUSTRIAL MARKET UPDATE – CHALLENGES AND OPPORTUNITIES AHEAD

With a slowing economy, industrial real estate development has been directly affected as various sectors tighten their financial belts. How will the decline in the movement of goods affect the demand for industrial space? How much have land prices, lease rates and industrial development been affected? When will it make sense to be a buyer again? What are the projections for 2009/10 industrial development and activity?

Moderator:

Ron Bagan, Managing Director, Colliers International

Panel:

Tom Corsie, Vice President, Infrastructure Development, Port Metro Vancouver
Murray DeGirolamo, Vice President Industrial Western Canada, Hopewell Development Corporation
Stuart Morrison, Vice President, Industrial, Cushman & Wakefield LePage
Todd Yuen, Vice President, Beedie Group

Download the Presentation

Session A3:

THE GREENING OF CANADIAN REAL ESTATE: WHAT GREEN INITIATIVES WORK AND WHAT ARE THE BENEFITS?

Interest in greening new and existing buildings has grown significantly in Canada over the past few years. This is especially true within the private sector where developers and investors have increasingly announced new projects that are seeking some form of green related ratings. What are the major reasons for this surge in for higher performance, increased energy efficiency and environmentally green in terms of meeting BOMA BESt and LEED standards? Are changing consumer expectations and priorities driving the shift to greener practices? What are the major attributes of greener buildings?

Moderator:

Derek Page, Director, Real Estate Management, Oxford Properties Group

Panel:

Albert Bicol, Partner, Cobalt Engineering
Kevin Hanvey, Principal and Director of Sustainability, Omicron
Max Richter, Intern Architect, Stantec
Elia Sterling, President, Theodor Sterling Associates Ltd.
Matt Walker, Principal, Vancouver Office, Avison Young Commercial Real Estate

11:30 AM

CONCURRENT SESSIONS (Select B1, B2 or B3)

 

Session B1:

RESIDENTIAL MARKET: WHERE ARE THE VALUES AND WHERE ARE THE OPPORTUNITIES? HOW MUCH MORE WILL THE MARKET FLUCTUATE?

The residential market has slowed at an incredible case. After unprecedented residential real estate prices in 2008, the economic downturn has provided a price correction that opens opportunities for new buyers who were previously unable to enter the market. Are they in fact buying, despite the economic downturn? Who are they and where are they coming from?

How is the slowed economy further affecting Vancouver’s residential market? Are foreclosures on the rise as layoffs increase? How will multi-unit residential developments fare in this recession? Are developers resilient enough to the times?

Moderator:

Ward McAllister, President & CEO, Ledingham McAllister Properties Ltd.

Panel:

Ralph Archibald, Senior Vice President, Polygon Homes Ltd.
Sandra Cawley, Principal, Burgess Cawley Sullivan & Associates
Ross Hanson, Vice President, Investment Analysis, Park Lane Homes
Cameron Muir, Chief Economist, BC Real Estate Association

Session B2:

RETAIL: WHAT DOES THE FUTURE HOLD FOR THIS ASSET CLASS?

How will the US retail story play out in Canada and BC? Many of the retail projects coming to Vancouver and other parts of the country are on hold until the market strengthens. What indicators are required to see this asset class turn around? Will lease rates drop in the slower market? Are vacancies rising and if so, how will the major property owners weather the storm? Are there strategies for diversification and reduced dependence on the retail market as an economic driver?

Moderator:

Chris Wood, Principal, Northwest Atlantic Canada Corporation Inc. (download presentation)

Panel:

Michael Beattie, Senior Vice President, Portfolio Management, Grosvenor
Darryl Schmidt, Senior Director of Leasing, Western Portfolio, Cadillac Fairview
Geoff Stollery, Director, Real Estate, Best Buy Canada Ltd.
Bob Tattle, Vice President, Business Development, Anthem Properties Ltd.

Download the Presentation

Session B3:

WHAT CAN WE EXPECT FROM THE 2010 OLYMPICS?

Vancouver and British Columbia will be in the international spotlight when it hosts the world in 2010. As projects leading to the Olympic games get completed, how will the city prepare for the continued growth and what real estate opportunities will be present concluding the Olympics? What legacy will the new facilities leave in Vancouver and what impact will they have on the communities following the big party.

Speaker:

David Podmore, President & CEO, Concert Properties Ltd.

Download the Presentation

12:30 PM

RECEPTION

 
 

LUNCHEON

 

2:00 PM

CONCURRENT SESSIONS (Select C1, C2 or C3)

 

Session C1:

CONSTRUCTION COSTS – HOW MUCH LOWER WILL COSTS GO BEFORE IT MAKES SENSE TO BUILD AGAIN?

As the Construction Industry has slowed along with the general economy, construction costs are finally dropping. There is much speculation on the extent of the drop to date , how low costs can go and will this trend continue; what is driving this trend and when will it to make sense to build again? Might the proposed P3 and Infrastructure projects soak up this available workforce? The panel will outline the “cost push” side of the development equation for residential , commercial and institutional projects ; highlight some new risks in this changed cost environment , re-examine procurement options ; identify some “lessons learned” and bravely project where the next 2 years may take the industry.

Moderator:

Liam Murray, Senior Director, Cost Consulting, Altus Group

Panel:

Ward McAllister, President & CEO, Ledingham McAllister Properties Ltd.
Doug McFarlane, Executive Vice President Business Development, ITC Construction Group
Peter Norman, Director, Altus Clayton (download presentation)
Keith Sashaw, President, Vancouver Regional Construction Association (download presentation)

Session C2:

SHOW ME THE MONEY! WHAT IS THE OUTLOOK FOR THE DEBT MARKET IN 2009? WHEN WILL CAPITAL BE AVAILABLE AGAIN, WHAT ARE THE COSTS?

Access to capital is crucial for real estate developers and investors, and for their customers or clients. This session will focus on the debt market and try to determine what borrowers can expect in 2009. As the cost of borrowing goes up, affordability is affecting the ability to continue to do business. How long will the credit crunch last and what will it cost to borrow? What strategies are businesses adopting with reduced access to credit? The panel will clarify what needs to happen in order for the mortgage market to regain its past liquidity.

Moderator:

Kevin Meikle, Senior Vice President, Capital Markets Group, Cushman & Wakefield LePage

Panel:

Peter Aghar, Chief Investment Officer, KingSett Capital
Dean Atkins, Vice President, Mortgage Investments, B.C. Investment Management Corporation
Jason Cottle, Managing Director, RBC Capital Markets Real Estate Group

Session C3:

APARTMENT SECTOR UPDATE: WHERE IS THE CYCLE HEADING?

This session will examine the major issues facing apartment owners and investors today. What are the investor trends in these current economic times? How are condominium and purpose built markets being affected by the credit crunch? What is the motivator for investors to acquire existing buildings in light of the moratorium of the demolition of apartment buildings? Why aren’t new buildings being developed? Where will vacancy rates go over the next year? What are the issues surrounding the City of Vancouver’s initiative on prohibiting rental increases to tenants after building upgrades? This panel will provide in-depth discussion on some of the major issues in Vancouver’s apartment market today.

Moderator:

Rob Greer, Principal, Avison Young Commercial Real Estate

Panel:

David Goodman, Goodman Report, Macdonald Commercial Real Estate Services
Dan Sander, Director, Hollyburn Properties Ltd.
Scott Ullrich, President & CEO, Gateway Property Management Corporation
Bill Zigomanis, Vice President, Commercial Mortgage Group, TD Bank Financial Group

3:00 AM

AFTERNOON REFRESHMENTS

 

3:10 PM

FINAL COMMENTS ON THE RISKS, TRENDS, CHALLENGES, AND OPPORTUNITIES FOR THE NEXT 12-24 MONTHS

 

Given the broad range of issues that were raised during today’s conference and the current economic turmoil, a panel of well respected senior real estate executives will have the last word. They will share their insights and perspectives on what they believe are the most critical issues and market trends facing their business plans and the industry in general over the next year. What course of action should be taken?

Moderator:

Tom Knoepfel, Vice President & Divisional Portfolio Manager, Pacific Region, Cadillac Fairview

Panel:

Eric Carlson, President & CEO, Anthem Properties Ltd.
Neil Chrystal, President & CEO, Polygon Homes Ltd.
Jon Love, Managing Partner & CEO, KingSett Capital
John Purcell, Senior Vice President & Portfolio Manager, Investment Management, Bentall LP

4:10 PM

CLOSING COMMENTS

 

 

4:15 PM

CHAIRMAN’S RECEPTION