The National Investment Roundtable: Where Will the Multi-Residential Market Surge Next? What Opportunities Exist in Secondary Markets?
An insightful discussion with leading brokers as they examine market activity across the country over the last year, and into the next 12 to 18 months. Who has been buying, selling, and building, and where? Who are the acquirers and what cap rates are they using? An overview of recent transactions for A, B, and C class buildings across the country will highlight this discussion. Is it time to hold, to buy, to build, or to sell?
Kris Boyce, Chief Executive Officer, Greenwin Inc.
Aik Aliferis, Principal, Primecorp Commercial Realty Inc.
Jean-Charles Angers, Managing Director, RBC Capital Markets Real Estate Group
David Bloomstone, Vice President & Director, Investment Banking – Real Estate, TD Securities Inc.
Colin Catherwood, Partner, Brookfield Financial
Robert Greer, Principal, Avison Young
Competing with the Condo Market: How Are Condos Affecting Rental Rates, Apartment Design, and Vacancy?
The unprecedented pace of condo development in the GTA, and across all major cities, has created a surge in investor-owned condo rentals, which has taken up the slack in new apartment construction. How large is the inventory of rental condos, and will this trend continue? With lenders beginning to regulate percentages of investor-purchased units as a condition of financing, will this trend continue through the sales and build-out of slated developments? How has this “shadow market” affected rental prices, vacancy rates, renter expectations, apartment design, and amenity offerings? With inexpensive mortgages and high rents, how can consumers be enticed to continue renting instead of buying?
Trish MacPherson, Vice President, Sales and Marketing, CAPREIT
Jeff Hutchison, Managing Director, Asset Management, Timbercreek Asset Management Inc.
Ben Myers, Editor and Executive Vice President, Urbanation Inc.
Paul Smith, Chief Administrative Officer, DMS Property Management
New Construction: Is It Time to Reconsider Building New Product?
In the last decade, only 400 apartment buildings have been built across Canada, and most of this development has been centered in Halifax, London, and Edmonton, but as of late, more and more companies consider development to be a feasible growth strategy. New construction technologies could reduce the cost of construction, however affordability and development processes are still very challenging for multi-unit residential development. What are the new types of apartment construction? Are developers looking at their projects as a short-term play, or a long-term investment? The panel will discuss current market performance and address future planning and market-related strategies for development: is it time to build, where to build, where to buy and why?
Sandy Mandel, President, Sanford Mandel & Associates Inc.
Mark Humphreys, Chief Executive Officer, Humphreys & Partners Architects, L.P.
Louie Lawen, President, Dexel Developments
Martin Zegray, Senior Vice President, Realstar Management
Accessing Debt & Equity Financing from Public & Private Capital Sources: What are the Best Options in Today’s Market?
With well over $1 billion in multi-residential investment activity expected by the end of 2012, and traditional debt costs remaining low, acquisition, refinancing and development are top-of-mind for owners, developers, and investors. Looking at the current marketplace, this panel of lenders will examine the most pressing issues of the day, including: Who is lending, and on what type of transactions? Is anyone willing to finance construction, and at what cost? What are the reasonable alternative sources of financing? How much equity will be required from borrowers? How are Canada’s new Anti-Money Laundering Regulations affecting disbursement of capital, and how are lender’s modifying title insurance requirements as a result? How much mezzanine financing activity is there, what is the cost and who are the principal sources?
Ugo Bizzarri, CFO & Vice President, Acquisitions, Timbercreek Asset Management Inc.
Harley Gold, Vice President, Business Development, Penmor Mortgage Capital Corporation
Frank Malone, Vice President, Commercial Mortgage Group, TD Commercial Banking
Jeremy Wedgbury, Managing Director, Commercial Mortgages, First National Financial LP
Mark Yhap, Managing Partner, Commercial Mortgages, MCAP Financial Corporation