ACCESSING THE LAND & DEVELOPMENT EDUCATION SERIES ON THE REAL ESTATE FORUMS CLUB

The REF Club is accessible to Members on smartphones, tablets, laptops and desktops through a web browser like Safari, Chrome or Firefox.

Step 1: Access the Real Estate Forums Club - refclub.realestateforums.com

Step 2: To enter the REF Club, new members should input the email address used to create the Membership and create a personal password for the account.

Step 3: On the Home page, click the EDUCATION SERIES button and select the session.

Please note sessions will be launched daily from July 13 to 24 at 11:30 a.m., starting with:
WHAT IS THE IMPACT OF THE ECONOMIC OUTLOOK ON ALL FORMS OF DEVELOPMENT ACTIVITY ACROSS CANADA?
Presented by Benjamin Tal, Managing Director & Deputy Chief Economist, CIBC World Markets Inc.


Please scroll down to see full program.

Title

Platinum

Gold

2020 Schedule

JULY 13

11:30 AM
WHAT IS THE IMPACT OF THE ECONOMIC OUTLOOK ON ALL FORMS OF DEVELOPMENT ACTIVITY ACROSS CANADA?

The pandemic is an unprecedented health crisis that has major economic and social implications. This presentation will cover the following issues and questions:

  • COVID-19 and the economy: Where are we now? Are we in a conventional recession or something totally different? What kind of an economy will we be recovering into?
  • How should we navigate the zigzag economy in the coming year? How significant is any permanent damage? Who will win? Who will lose?
  • What have been the impacts on immigration, on employment and consequently on housing markets across the country?
  • How have the retail, office and industrial markets been impacted respectively?• As a result, what are the implications for real estate development?

Benjamin Tal, Managing Director & Deputy Chief Economist, CIBC World Markets Inc.


JULY 14

11:30 AM
HOW PERMANENT IS THE IMPACT OF COVID-19 ON BRICK & MORTAR RETAIL FROM THE PERSPECTIVE OF LARGE NATIONAL LANDLORDS? WHAT FORMS OF DEVELOPMENT AND REPURPOSING CAN KEEP THIS PROPERTY CLASS STRONG AND RESILIENT?

No other real estate property category has attracted as much chatter in recent years as retail. Once a favourite of investors, this property class has been facing many increasing challenges for some time. But since COVID-19 has resulted in the temporary closure of malls, stores, and restaurants with a few exceptions, to what extent has the growth of e-commerce been accelerated? This panel will examine the current and future outlook for the retail real estate market and its implications for new development and repurposing existing properties.

  • As e-commerce grows out of necessity, what will get consumers returning to stores and malls?
  • Food experiences and interactive outlets were saving enclosed malls. What happens now?
  • How can landlords play a role in a retailer’s success and both achieve a win/win scenario?
  • How do you build new or repurpose existing retail assets that can weather the perfect storm of ecommerce, pandemics, sustainability and economic contraction?

Lisa Borsook

Prakash David

Chris Holtved

Glenn Hynes

Jodi Shpigel

Moderator:
Lisa Borsook
, Executive Partner, WeirFoulds LLP

Panel:
Prakash David
, Executive Vice President, National Investments & Development, Triovest
Chris Holtved, Senior Portfolio Manager, Real Estate, HOOPP
Glenn Hynes, Executive Vice President & COO, Crombie REIT
Jodi Shpigel, Senior Vice President, Development, First Capital REIT


JULY 15

11:30 AM
IN CONVERSATION WITH COURTNEY COOPER AND MICHAEL COOPER: IS REAL ESTATE EMBRACING MORE TECHNOLOGY OR HAS COVID-19 ALTERED PRIORITIES?

Over the past few years, there has been a rapidly growing discussion about the evolution of technology and its potential impacts for all facets of real estate – project management, higher performance of both new and existing buildings, enhancing the underlying infrastructure within a real estate business and various other facets.

  • Has COVID-19 impacted the interest in PropTech related solutions along the entire real estate lifecycle?
  • Is the market looking for innovative solutions to operating, managing and developing complex real estate assets or has that been pushed to the sidelines?
  • Is the ecosystem growing that seeks to bring leading PropTech companies together with influential real estate owners, operators, and managers?

A dynamic conversation, that includes one of Canada’s innovative real estate chief executive, will offer some greater clarity and insights into this complex subject.

Courtney Cooper

Michael Cooper

Aaron Cameron

Adam Powadiuk

Courtney Cooper, Principal, Alate Partner
Michael Cooper, President & Chief Responsible Officer, Dream

Interviewed By:
Aaron Cameron
, AVP, Commercial Operations, First National Financial LP
Adam Powadiuk, Director, Commercial Financing, First National Financial LP


JULY 16

11:30 AM
THE MULTI-RESIDENTIAL MARKET HAS OUTPERFORMED PROJECTIONS DURING COVID-19: IS THERE NOW GREATER INTEREST AND CONFIDENCE IN PURPOSE BUILT RENTAL DEVELOPMENT? 

Rental housing has long been known to be a safe investment haven, particularly when there is any turbulence in the economy. Is it the top performing market during COVID-19? What impact are lower financing costs, lower utility costs, lower repair and maintenance costs and non-existent CAPEX having on the value of these assets? What are the implications of these trends for development?

  • How will COVID-19 impact rental supply over the next twelve months across the country – from gateway cities to mid-markets?
  • Will design for new rental buildings change now that we have lived with a pandemic?
  • What role does technology play in tenant preferences after experiencing COVID-19?
  • How have financing and operational cost reductions affected the pro forma of a new development?
  • Where does this leave the luxury rental products that are coming to market?

Lease-up strategies and rental market demand trends will also be discussed. What do developers of purpose-built rental foresee over the next 12 months?

Michael Ferreira

Dayna Gilbert

Andrew Joyner

Josh Kaufman

Jeremy Wedgbury

Moderator:
Michael Ferreira
, Managing Principal, Urban Analytics

Panel:
Dayna Gilbert
, Director, Development, CAPREIT
Andrew Joyner, Managing Director, Tricon Capital Group
Josh Kaufman, Head of Development & Construction, Canadian Multi-Family, Starlight Investments
Jeremy Wedgbury, Senior Vice President, Commercial Mortgages, First National Financial LP


JULY 17

11:30 AM
LAND TRANSACTION ACTIVITY DURING COVID-19: HOW MUCH ACTIVITY HAS THERE BEEN? IS FINANCING STILL READILY AVAILABLE?  HOW HAS PRICING BEEN AFFECTED? 

A diverse panel of individuals on the front lines will examine key facets of the land market across the country.

  • What transactions have been completed over the past 12 months?
  • What type of sites are currently or will be available? How has the market shifted over the past year in terms of investor profile, deal structure and capital sources?
  • Based on Q1 and a portion of Q2 deal flow, what is anticipated for the second half of the year?
  • Is financing availability for land acquisitions becoming more limited?
  • Is there any challenge in appraising land and providing valuations at this time? 

Jeff Thomas

Casey Gallagher

Colin Johnston

Laurie Payne

Moderator:
Jeff Thomas
, Group Head, Development, KingSett Capital

Panel:
Casey Gallagher
, Executive Vice President, Capital Market National Investment Team, CBRE Limited
Colin Johnston, President, Research, Valuation & Advisory, Altus Group
Laurie Payne, Vice President, Development, Diamond Corp


JULY 20

11:30 AM
CONSTRUCTION COSTS AND DEMAND & SUPPLY PROJECTIONS: HOW HAS THE PANDEMIC IMPACTED PRICING, LABOUR AND MATERIAL AVAILABILITY, PRO FORMAS AND PROJECT MANAGEMENT?

Prior to the pandemic, the cost of construction was rising rapidly in virtually every market across Canada. The issue was consistently raised as one of the most significant challenges facing developers on whether to proceed or postpone a construction project. What is responsible for these cost increases? This presentation will examine the topic in-depth and whether COVID-19 has had an impact on the continuous escalation in costs across the development chain. Specifically:

  • What is the current outlook for construction soft and hard costs?
  • Is the supply and pricing of materials going up or down? Do the trends vary by product or by market?
  • How are developers mitigating the impacts? What innovative solutions are they uncovering to offset any rising costs?
  • How have development pro formas been affected over the past three months?

Mike Czestochowski

Niall Finnegan

Ray Wong

Moderator:
Mike Czestochowski
, Executive Vice President, Real Estate Brokerage, Advisory & Transaction Services, CBRE Limited

Panel:
Niall Finnegan
, Co-Founder, Finnegan Marshall Inc.
Ray Wong, Vice President, Data Operations, Altus Group


JULY 21

11:30 AM
NEW HOUSING MARKETS COAST TO COAST: HOW HAS THE PANDEMIC IMPACTED CONDOMINIUM AND
SINGLE-FAMILY DEVELOPMENT AND SALES ACTIVITY?

Construction of single-family homes to condominiums is being strong impacted by the pandemic. This was supposed to a record year for completions, but economists now predict confidently that is not going to happen. This panel will examine the key trends and provide greater clarity on:

  • How has the forecast for low-rise and high-rise starts and completions changed in the past two months by market across Canada?
  • To what extent are builders and condominium developers facing shortages of workers and materials? Combined with social distancing and other government health protocols, how significantly is productivity down, e.g. one major economist predicts it could be as much as 40%?
  • Where is pricing heading in low-rise and condominium markets?
  • From coast to coast, Canadian markets are uniquely positioned with their own challenges and opportunities. What are some of those today and how does the development community work through the challenges and capitalize on the opportunities?
  • Are there any lessons that builders and municipalities are learning about planning and building approval processes as a result of the pandemic?

Ari Silverberg

Naama Blonder

Andrew Brethour

Sasha Cucuz

Leor Margulies

Brian McCauley

Moderator:
Ari Silverberg
, President, Harbour Equity

Panel:
Naama Blonder
, Architect, Urban Planner, Smart Density
Andrew Brethour, Chairman & CEO, PMA Brethour
Sasha Cucuz, CEO, Greybrook Securities Inc. & Partner, Greybrook Capital
Leor Margulies, Partner, Robins Appleby LLP
Brian McCauley, President & CEO, Concert Properties


JULY 22

11:30 AM
THE WIDE-RANGING IMPACTS OF COVID-19 ON INDUSTRIAL MARKETS: FROM MANUFACTURING TO DISTRIBUTION & LOGISTICS

Canada’s $80 billion distribution logistics industry has been severely tested because of COVID-19. It is the fastest growing sector in the logistical supply chain due, in part, to the immense demands generated from a largely quarantined populace for staple needs via e-commerce and the emerging growth of Direct-to-Consumer activity. With so many different industrial types, what is in high demand today and what is expected to be the right product to build as we move forward with this pandemic.

  • How much stress has increased on distribution, fulfillment, just-in-time delivery, and warehousing generally in supply chains?
  • Has the stronger demand resulted in the feasibility of more industrial development?
  • What have been the implications of manufacturing during the pandemic? While some plants have shifted to PPE production, are others struggling due to decreased consumption for their products? How have these trends affected development activity for manufacturing?

Jane Helmstadter

Beth Berry

Daniel Marinovic

William Secnik

Nicholas Stryland

Moderator:
Jane Helmstadter
, Partner, Bennett Jones LLP

Panel:
Beth Berry
, Vice President, Industrial Development, Beedie
Daniel Marinovic, Chief Development Officer, Dream
William Secnik, Senior Vice President & Fund Manager, Fiera Real Estate
Nicholas Stryland, Executive Vice President, Industrial, JLL


JULY 23

AN INTERACTIVE SESSION

11:30 AM
WHAT YOU NEED TO KNOW ABOUT RISK MANAGEMENT & DEVELOPMENT: HOW THE PANDEMIC AND ENVIRONMENTAL TRENDS HAVE PERMANENTLY ALTERED THE INSURANCE UNIVERSE FOR REAL ESTATE?

An examination of the significant changes in a key element of risk management: the insurance market and how it has been impacted by COVID-19, natural disasters, and overall climate change trends. Participants will be able to submit questions in advance of the session so that commentary can address these queries and provide the strongest possible clarity and understanding of how insurance policies and costs are trending and why.  Discussion will include:

  • A detailed analysis of the Canadian insurance market and how it compares with global trends.
  • Implications of insurance changes on both existing assets and as well as new development.

Jeffrey Charles

Jeff Hull

Jeffrey Charles, Managing Director, Gallagher

Interviewed by:
Jeff Hull
, President, Hullmark Developments Ltd. 


JULY 24

11:30 AM
THIS IS NOT THEIR FIRST RECESSION: AN EXECUTIVE ROUNDTABLE PROVIDES THEIR OUTLOOK ON THE CANADIAN MARKET AND DEVELOPMENT FOR THE NEXT 12 MONTHS

A curated panel of senior executives who have weathered a recession before and are now managing through an unprecedented pandemic will provide their insights and perspectives on lessons learned.

  • Are their pens up or down when it comes to approving development activity today?
  • What are the most significant considerations when they are making such a decision in this market environment?
  • Is the availability of capital and financing an issue?• What key steps are they taking to control and manage costs and timelines?
  • Are they adjusting development designs and plans as a result of any experiences emerging from the pandemic?

We are pleased to be round out of two weeks of Land & Development focused conversations with a very experienced team of chief executives.

Kathy Black

Adrian Rocca

Wayne Barwise

Jaime McKenna

Stephen Price

Ornella Richichi

Fred Waks

Moderators:
Kathy Black
, Vice President, Development, Fiera Real Estate
Adrian Rocca, Chief Executive Officer, Fitzrovia Real Estate Inc.

Panel:
Wayne Barwise
, Executive Vice President, Development, The Cadillac Fairview Corporation Limited
Jaime McKenna, Managing Director & Group Head, Real Estate, Fengate Asset Management
Stephen Price, President & CEO, Graywood Development Ltd.
Ornella Richichi, Chief Development Officer, Plaza Partners
Fred Waks, President & CEO, Trinity Group