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Randy Kraft, Audit Partner, Industry Leader – Real Estate, KPMG Calgary
Greg Guatto, President & CEO, Aspen Properties
With changes coming in all forms, Calgary is going through a substantial shift in the economy. How will the city overcome and succeed? This opening presentation will examine the economic outlook for Calgary including market liquidity, interest rate trends, consumer debt levels, energy prices, rate of inflation and crude oil prices. What is down the road for Calgary region over the short term? Where does Alberta’s performance sit in relation to the rest of Canada and North America?
Todd Hirsch, Chief Economist, ATB Financial
Considered one of the world’s leading commodity analysts, Helima Croft will offer insight into what really happened in December 2014. She will review how OPEC is controlling the price of oil and what other socio-political and cultural aspects contributed to, and continue to impact international energy markets.
Helima Croft, Managing Director, Global Head of Commodity Strategy, RBC Capital Markets
The price of oil over the last year has reminded and reinforced how connected the local Calgary economy is to the global market. This panel will discuss what they see taking place in 2016 and what they anticipate will happen with oil and commodity prices. How will the decisions of international stakeholders impact the Alberta economy? Has the province become too entrenched in energy markets? Is it a case of wait and see, or should Ottawa and Edmonton make a move to stabilize the current trend?
Mary Moran, President & CEO, Calgary Economic Development
Helima Croft, Managing Director, Global Head of Commodity Strategy, RBC Capital Markets
Brian Schmidt, CEO & President, Tamarack Valley Energy Ltd.
Rafi G. Tahmazian, Senior Portfolio Manager, Partner, Canoe Financial
A distribution-driven market with less direct exposure to the energy sector has made the industrial market resilient in the economic downturn. Being lifted by the U.S currency, lowering fuel costs and lower operating costs keeps this sector strong and is helping drive demand. When and how will the declining energy sector effects be felt over the coming months? What does this mean for the rest of 2015 and beyond? Can this resiliency last?
Paul Vander Schaaf
Jon Mook, Executive Vice President, Industrial, Barclay Street Real Estate
Sean Day, Vice President, Industrial, Avison Young
Marshall Toner, Executive Vice President, Managing Director, Industrial, JLL
Lance Trumble, Managing Director, Investments, Tribal Partners
Paul Vander Schaaf, Vice President, Industrial, KingSett Capital
The recent downturn in the energy sector has caused a shift in the condo and rental market. What used to be a strong condo market driven by young professionals and a booming population has recently been on the decline – or has it? Was there a shift taking place before last fall? Where are investors placing their bets? Is there still money to be made in the condo market, or are rentals where it’s at? What balancing effect will the price of oil have between the rental and condo markets? What other factors are impacting the multi-family market and where does the panel see this market headed in the next couple of years?
Doug Milne, Managing Partner, Canada ICI
Matthew Boukall, Director, Residential Advisory Services, Altus Group
Peter Livaditis, President, LaCaille Group
Riaz Mamdani, CEO, Strategic Equity Corp.
Garth Mann, President & CEO, Statesman Group
To what extent will design and leasing strategies be impacted by lower values for oil and a foggy outlook? Will densities shift and will tenants be less likely to commit to more space then they currently need? In a soft economy are tenants more or less likely to move to new spaces with new designs? New workplace strategies have been impetus for companies to redesign how their office space works and looks. What used to be a floor full of cubicles and dividers is now a collaboration hub where employees can meet face-to-face in a more open environment. But how well is this new system of collaboration working? Are these designs meeting the needs of tenants and their changing workforce? What impact do layoffs have on collaborative office spaces? Is there a move back to the traditional office design?
Sandy McNair, President, Altus InSite
Tom Burns, Executive Vice President & COO, Allied Properties REIT
Jennifer Desilets, Principal, Shearer Licensed Interior Design
Doug Martineau, Vice President Sales Canada & Vice President Architectural Interiors North America, Haworth
David Routledge, Vice President Real Estate Management West, Oxford Properties Group
Over the last few years out of province investors have made headway with industrial, residential and retail investments. Does the drop in oil prices make Alberta and Calgary more or less appealing? Will they change their approach and return to home to invest locally? What opportunities did they initially take advantage of? What opportunities, if any, do they now see in the Calgary region? What experiences have they had as outside investors coming into this market? Hear from a panel of investors who have chosen to put their money into the Calgary region and Alberta, and learn what drew them to do so — and if they’ll stay.
Jason Cottle, Managing Director, RBC Capital Markets Real Estate Group
Eric Carlson, CEO, Anthem Properties and United Communities
Jeff Fleming, Senior Vice President, Investments, GWL Realty Advisors
Sam Gordon, Principal, Wexford Developments LP
Joe Mazzocco, Partner, Investments, KingSett Capital
It’s no secret the price of oil has impacted vacancy rates, but what has this meant for both the downtown and suburban office markets in the past few months? What is the industry doing to mitigate these challenges? Are there areas in the city that have been more impacted than others? Are downtown office rates sending more non-oil and gas industry tenants to outlying locations? Are vacancy rates climbing to higher than expected levels, or have things calmed down?
Greg Kwong, Executive Vice President & Managing Director, CBRE Limited
Dwight Jack, Senior Vice President, Office Leasing, Brookfield Property Partners
Sean McCullough, Executive Vice President, Strategic Group
Ryan Remington, Vice President Leasing & Land Sales, Remington Development Corporation
Paul Skeans, Senior Vice President, Dream Office REIT
Calgary has had a significant amount of construction and development underway. Where are these developments located? What are the major reasons responsible for the scale and the type of projects? This session will include an update on new development projects in the Calgary area including the East Village, West Campus Development Trust, Eau Claire, Livingston, and Currie Barracks.
Bob MacDougall, Senior Managing Director, Cushman & Wakefield
Michael Brown, President & CEO, Calgary, Municipal Land Corporation
Chris Elkey, Senior Director, Real Estate, Canada Lands Company
James Robertson, President & CEO, West Campus Development Trust
Over the past 5 years, Calgary’s population has been on a rapid incline and the pace of growth has accelerated substantially, but is this sustainable with current oil prices? What is the outlook for population growth, demographic trends and economic effect over the next 10 years? What role has migration out of the province played over the last 12 months? What will it take for population growth to remain strong? This session will discuss how the real estate industry needs to understand how to forecast these trends in order to respond to with the appropriate products.
Jeff Fielding, City Manager, The City of Calgary
A discussion focusing on the debt market and examining what borrowers can expect for 2016 and beyond. What is attracting capital into the real estate market? When it comes to credit and capital gain, what is the outlook? Who are the most active lenders in Alberta and what are they looking for? How are they assessing and pricing deals? Are there any property classes or cities/provinces are they avoiding, reducing exposure to, or increasing pricing for? How will the strategies vary among the various types of debt lenders – from major banks, lifecos and MICs to credits unions and private sources? How available are secondary sources of debt?
Blair Rafoss, Vice President, Finance, Hopewell Development Corporation
Brad Anderson, Vice President, Real Estate Banking, Western Canada, Scotiabank
Glen Eastwood, Senior Vice President and Regional General Manager, Prairies, Canadian Western Bank
Chris Enns, Vice President Lending, TREZ Capital Corporation
Damir Jesic, Director, Commercial Financing, First National Financial
Reception Sponsored By
Luncheon Sponsored By
Ken King, President & Chief Executive Officer, Calgary Sports and Entertainment Corporation
The decline of crude oil prices last year is putting strain on Western markets, and has resulted in lenders and investors taking a long hard look at what to do next. What strategies should investors be considering to strengthen the resilience of their portfolios and to potentially buffer impact of energy swings? What are the best strategies for capitalizing on potential distress? Is it a case of diversification? Looking beyond the border? Or reconsidering the products and sectors on which focus? Where is best to invest — for instance does it make sense to be changing positions in the capital stack, considering more defensive positions or taking more risk? Is Calgary still a good bet for outside investors? What specific challenges are investors facing with their Calgary assets, and what do they expect to do in the upcoming year?
Amy Erixon, Principal & Managing Director, Investments, Avison Young
Paul Chin, Vice President, Real Estate Lending, Loan Syndications and Capital Markets, Otéra Capital
Nick MacRae, Senior Portfolio Manager, HOOPP Real Estate
Darin Rayburn, CEO, Melcor REIT
Dallas Wingerak, Vice President, Real Estate & Operations, Western Canada, Choice Properties REIT
Calgary’s retail sector has remained a strong, highly sought-after asset class. The introduction of high-end and mass-consumer retail stores into the Calgary market has been strong, robust and has indicated that Calgary might not be experiencing the challenges faced by other major Canadian cities. How long can this momentum last? Will a cut in consumer spending and local population drive the market down? What are the impacts of the minimum wage increase? How well are retailers adapting to the fast, furious changes in online shopping? This session will discuss the trends, challenges and issues, as well as the outlook for Calgary retail market activity.
Darren Quayle, Vice-President, Real Estate Services, Oberfeld Snowcap Alberta Inc.
Clint Elenko, Vice President, Real Estate, Canadian Tire Corporation
Ralph Huizinga, Vice President, Acquisitions & Development, Western Canada, First Capital Realty Inc.
Grant Kosowan, President, Orange National Retail Group (Prairies) Inc.
Darryl Schmidt, Vice President National Leasing, Cadillac Fairview
It’s only going up from here. Get an in-depth analysis of the anticipated tax increases both federally and provincially, for Albertans and Calgarians alike. How will these increases impact individuals and businesses over the next 5 to 6 years and the long-term? What can we expect from the new Alberta budget? What are the implications for real estate activity in the Calgary region and Alberta?
Dennis Auger, Tax Partner, KPMG
This session will take a look at how the Calgary market differs from other major markets in Canada, especially with the decline in oil prices over the last year. What major projects are the panelists tackling across the country? What asset classes are performing well in Montreal, Toronto, Vancouver, and other regions? Who are the major players in Canada’s largest real estate markets? Are all of them playing the national field? From residential, to industrial, retail and office there are some great developments taking unique approaches and addressing local challenges.
David Bowden, Chief Executive Officer, Colliers International Canada
Andrew Duncan, Vice President, Development, Engineering, RioCan Management Inc.
Matthew Johnson, Director, Investments, KingSett Capital
Blair Sinclair, Executive Vice President, Investments and Development, Triovest Realty Advisors Inc.
Opportunities are created through hard work and dedication and this rings true for this closing panel. Hear from 5 of Calgary’s top executives as they share their experience with building high achieving organizations, managing through down cycles, encouraging high performing employees to stay motivated, and managing growth opportunities. This closing panel will also look at investing in the Calgary market over the short and long term and offer valuable advice for young professionals looking to excel in their careers.
James K. Gray
Greg Guatto, President & CEO, Aspen Properties
Paul Douglas, President & CEO, PCL Construction
James K. Gray, oc, Chairman, Energy, Brookfield Asset Management Inc.
Jon Love, Managing Partner, KingSett Capital
Randy Remington, Chairman, Remington Development Corporation