Platinum

Gold

Tuesday, May 1, 2012

7:15 AM
REGISTRATION & CONTINENTAL BREAKFAST

8:00 AM
OPENING REMARKS: CONFERENCE CO-CHAIRS

Niall Haggart

Jim Tadeson

Niall Haggart, Executive Vice President, The Daniels Corporation
Jim Tadeson, Founding Partner, Carttera Private Equities Inc.


8:05 AM
KEYNOTE PRESENTATIONS
ECONOMIC OUTLOOK FOR THE GTA FOR 2012 AND BEYOND: OPPORTUNITY IN DIFFICULTY

An insightful presentation on the global and domestic fundamentals that are driving the broader Canadian economy and the performance of Ontario and Toronto in particular. What is the outlook in 2012 and beyond for employment and spending growth, inflation, interest rates, and energy and other commodity prices? What are the key economic engines driving job creation in Ontario? Can the manufacturing sector cope for long with a Canadian dollar at par? How do the prospects for Toronto compare with other major Canadian cities? How does the forecast for Ontario compare with the rest of Canada and the United States?

Douglas Porter

Douglas Porter, Deputy Chief Economist & Managing Director, BMO Capital Markets


NAVIGATING THE DEVELOPMENT MARKETS AT THE NEXT LEVEL

After pushing the limits in 2011 and setting new records, the property markets in the GTA have entered a new era in 2012. The presentation will provide a detailed examination and critical analysis of the land and housing (lowrise and highrise) markets in the GTA and offer a perspective across other markets and separate the myths from the facts. How sustainable is the current market? What are the emerging trends? What are the new risks?

George Carras

George Carras, President, RealNet Canada Inc.


HOW CAN THE PROVINCE’S GROWTH PLAN BE COURSE-CORRECTED TO RESPOND TO CURRENT ECONOMIC TIMES?

While the GTA struggles to implement the Province’s Growth Plan, a key question remains unaddressed – have we been overtaken by changing economic realities that necessitate a re-thinking of the Growth Plan? This presentation will touch on the importance and sustainability of the development industry in the economy of the GTA. What do we need to do to get the GTA from a plan to reality? How do we position ourselves for growth while addressing large infrastructure requirements and the high costs of transit, piped infrastructure, energy? How do we shift from a culture of growth control to growth encouragement? How can we leverage Provincial planning tools to become a competitive place to grow?

Donald Given

Donald Given, President, Malone Given Parsons Ltd.


9:45 AM
MORNING REFRESHMENTS

10:10 AM
CONCURRENT SESSIONS (SELECT A1, A2, OR A3)
SESSION A1:
THE GTA INDUSTRIAL MARKET: IS THERE LIGHT AT THE END OF THE TUNNEL

This session will examine the major challenges confronting industrial development in the current market, and what opportunities lay ahead. What industries and uses can replace the traditional marketing sectors? What, if anything, can be done with existing industrial space? Where will the new Employment Lands come from, when will they come on line, will they be serviced, and will available land be in line with the needs of businesses and industrial users? Is built-to-suit the most viable option? Will spec development return? How much growth can be expected in this sector?

Moderator:
Gord Cook, Executive Vice President, Colliers International

Panel:
David Carreiro, Executive Vice President, First Gulf Corporation 
John Hayes, Managing Partner, Blackwood Partners Inc.
Jeff Miller, Vice President, ProLogis

Phil Stewart, Director & Principal, Pound & Stewart Associates Ltd.


SESSION A2:
THE FACTS & FALLACIES OF THE CONDOMINIUM MARKET IN THE TORONTO COMMUTERSHED: HAVE WE GOT IT WRONG?

Condominium activity has hit a record pace over the last two years. With single-family lot availability at an all-time low, many first time condo developers are entering the market: what are the implications for the marketplace with so many new entrants? Has the rapid pace of construction or the emergence of new builders had an effect on building quality? With supply hitting 28,000 units in the last year alone, has development reached capacity yet? And unit pricing has remained at an all-time high: are we reaching the affordability ceiling? With the growing price of land, materials, development fees and labour, can pricing come down? Who’s buying these units: are they owner/occupiers, or investors? And who are the investors: Canadian, or offshore? How long can the surging investor activity continue? Is there an imbalance between supply and the demand for condo living?

Moderator: 
Leor Margulies, Partner, Robins, Appleby & Taub LLP

Panel:
Jasmine Cracknell, Partner, N. Barry Lyon Consultants Limited

Martin Blake, Vice President, The Daniels Corporation
Barbara Lawlor, President, Baker Real Estate Incorporated
Gabriel Leung, Director of Development, Concord Adex

SESSION A3:
CONSTRUCTION FINANCING FOR CONDOMINIUMS AND COMMERCIAL DEVELOPMENTS

While activity has remained strong in the condominium and other commercial markets, the development process has become lengthier and more costly, and traditional financing sources are tightening up. This panel of leading construction lenders will comment on the pricing and availability of debt and equity financing, including: What will happen when interest rates start to rise, and what are the signals that will cause this to change? How can lenders match a borrower’s expectations on the expected length of the development process? What is the lender’s perspective on green building: where is the return? If CMHC lending limits have gone to $600 billion (same amount as our national debt), and they are now at $550 billion: what happens as they approach ceiling? What are lenders’ pre-sale, pre-lease requirements, and covenant requirements, and where will they be heading in the next twelve months?

Moderator:
Dan Marinovic, Vice President, Finance, First Gulf Corporation

Panel:
Scott Cameron, President, Cameron Stephens Mortgage Capital Ltd. 
David Daum, Senior Vice President, Real Estate Lending, ScotiaBank
Rob Goodall, President, Canadian Mortgage Capital Corporation
Stelio Zupancich, Vice President, Real Estate, TD Commercial Banking

11:15 AM
CONCURRENT SESSIONS (SELECT B1, B2, or B3)
SESSION B1:
CAN ANYONE MAKE SENSE OF THE PRICE OF LAND? WHAT IS THE OUTLOOK? WHAT ARE THE SUPPLY ISSUES?

A panel of analysts and commercial brokers specializing in land sales will discuss the current state of the market across the 416 and 905 area codes: With land prices increasing up to 500% over the last 7 years, and serviced low rise lots at historically low inventory levels, where will the market turn over the next twelve to 18 months? Are government regulations restraining the market and driving pricing, and where will developers turn to ensure residential and commercial demands are met? Can the public sector release lands to bring pricing and availability back in check? What are the best opportunities across the GTA right now?

Moderator: 
Mike Czestochowski, Senior Vice President, Land Services Group, CBRE Limited

Panel:
Murray Goldman, President, The Goldman Group
Derek Goring, Vice President, Land Development, Infrastructure Ontario
Guy Wilson, Senior Director, Altus Group


SESSION B2:
THE OFFICE LANDSCAPE OF 2020: WILL ANYONE RECOGNIZE THE 416 AND 905 AREAS?

The office markets in downtown Toronto and across the suburbs are booming, with 15 new office projects currently under development (and only 6 are in downtown Toronto). How will government and public sector planning strategy shape the look of the downtown cores? How are municipalities implementing design guidelines? What values are these new buildings attracting, and what effect will they have on existing properties? What are tenants looking for, and how big a factor is sustainability? Is the Toronto central business district seeing a shift south, or will it decentralize to the suburbs? Who is building now, and why? What’s driving tenant demand?

Moderator:
Sandy McNair, President, Altus InSite
Please contact Sandy McNair for more information

Panel:
Wayne Barwise, Executive Vice President, Development, The Cadillac Fairview Corporation Limited
Jeff Flemington, Senior Vice President, Principal, Broker, Avison Young Commercial Real Estate (Ontario) Inc.
Eamonn Murphy, Managing Director and Marketing Director, Toronto, Jones Lang LaSalle Real Estate Services
John Peets, Senior Vice President, Office Leasing, Oxford Properties Group Inc.


SESSION B3:
DEVELOPMENT OPPORTUNITIES FROM THE PUBLIC SECTOR: MARKET IMPACT OF THE PAN AM GAMES, AND OTHER FEDERAL, PROVINCIAL AND MUNICIPAL PROJECTS

This session will examine the wide ranging impact of large-scale development projects throughout the Greater Golden Horseshoe. The first portion of the session will provide an overview of the Portlands, PanAm Games, and Downsview developments, and what development opportunities are associated with these projects. Also addressed will be an overview of upcoming projects, and available opportunities from both the Provincial and Municipal governments. Finally, how are these major construction initiatives impacting the construction industry costs, timelines, and availability of labour, and will there be resulting fallout in residential supply and demand projections?

Moderator:
Jason Lester, Chief Operating Officer, Dundee Realty Corporation

Panel:
Bill Bryck, President & CEO, Parc Downsview Park Inc.
John Campbell, Chief Executive Officer, Waterfront Toronto

Bruce McCuaig, President & CEO, Metrolinx
Michael Whelan, Vice President, Development, Build Toronto Inc.


12:15 PM
NETWORKING LUNCHEON
LUNCHEON REFRESHMENTS

1:15 PM
KEYNOTE PRESENTATION:
TRANSIT, TRANSPORTATION AND INFRASTRUCTURE: WHAT’S THE PLAN TO GET THE BIG MOVE MOVING?

This presentation will provide an overview of the current state of transit and infrastructure across the region, and look at exactly how people and goods move through and within the Greater Golden Horseshoe. What is the current plan for infrastructure development, and what will likely be the outcome? Where will funding come from for the Metrolinx Big Move, and what portion of financing will fall on the development community? How will all systems (MTO, Metrolinx, GO, TTC, etc.) be integrated to ensure adequate capacity and service for the growing concentration of people and goods?

Paul Bedford

Paul Bedford, Principal, Paul Bedford & Associates, Former Toronto Chief Planner, Adjunct Professor, City and Regional Planning, University of Toronto and Ryerson University


2:00 PM
CONCURRENT SESSIONS (SELECT C1, C2 or C3)
SESSION C1:
INNOVATIVE MIXED-USE AND MULTI-USE: THE NEW MODEL OF DEVELOPMENT AND CITY BUILDING IN THE GTA

Developers attempting to create mixed-use or multi-use properties face a unique set of regulations, approvals, and costs unheard of in any single-use facility. In this session, hear the war stories and best practices for bringing your mixed-use project to fruition, including: increased charges and differing demographics for retail space; varied timelines and approvals processes for each portion of the property; and navigating the underwriting and financing of these complex projects.

Moderator:
Barry Lyon, President & Senior Partner, N. Barry Lyon Consultants Inc.

Panel:
Remo Agostino, Director of Development, The Daniels Corporation
Gregg Lintern, Acting Chief Planner & Executive Director, City Planning, City of Toronto
Finley McEwen, Senior Vice President, The Cadillac Fairview Corporation Limited
Gary Switzer, President & CEO, MOD Developments Inc.


SESSION C2:
IS THERE A FUTURE FOR THE SMALL AND MID-SIZED BUILDER? HOW CAN THEY SURVIVE IN THE GTA MARKET?

With land supplies shrinking, the length of the development process growing, the availability of construction financing shrinking, and the cost of construction rising, the potential for small to mid-sized homebuilders to maintain or establish their position in the market place is more questionable than ever before. With the bigger companies now snapping up infill and small land parcels, where can you turn to build next? How can smaller builders wrangle through Tarion’s constraints? And with land, how deep do your pockets need to be to withstand the lengthy approvals process and development cycle? Are builders looking towards the tech triangle to take advantage of the region’s surging employment base? Leading builders will offer their perspectives on the most viable opportunities to keep projects flowing and staff employed as a new model is formed.

Moderator:
Andrew Brethour, President, PMA Brethour Group

Panel:
Sheldon Fenton, President, Reserve Properties Limited
Boaz Feiner, President, Housing Division, Geranium Corporation
Chris Harhay, President, Harhay Developments
Tyler Hershberg, President, BSäR Group of Companies
Tom Reece, Vice President Lending & Regional Manager, Ontario, CareVest Capital Inc.


SESSION C3:
THE 905 EXPLOSION: EMPLOYMENT, GROWTH AND DEVELOPMENT NODES

How are suburban municipalities evolving to shed the notion of a bedroom community, and meet the needs and lifestyles of their residents? With fewer people able to afford a single-family starter home, density in these centres is rapidly increasing, but are jobs following suit? And how are the downtown cores evolving to accommodate the live/work/play lifestyles of downtown condo residents? Is the retail sector meeting the needs of the changing demographics? Where is the competition and structure for a vibrant downtown lifestyle market coming from? Are there mechanisms, plans, policies and incentives in place to facilitate this growth?

Moderator:
Richard Witt, Principal, Quadrangle Architects Ltd.

Panel:
Dean Cutting, Partner, Carttera Private Equities Inc.
Marco Filice, Senior Vice President & General Counsel, Liberty Development Corporation
Andrew McNeill, Strategic Leader, City of Mississauga
Mauro Pambianchi, Chief Development Officer, SmartCentres Inc.


3:10 PM
EXECUTIVE ROUNDTABLE:
WHAT IS THE OUTLOOK FOR LAND INVESTMENT AND DEVELOPMENT ACTIVITY OVER THE NEXT TWELVE TO 24 MONTHS? WHAT STRATEGIES SHOULD YOU BE THINKING ABOUT?

Given the broad range of issues discussed at the Land & Development Conference today, a panel of well-respected senior real estate executives will provide their insights and perspectives on what they believe are the most critical issues and market trends that the development sector must focus on over the next twelve to 24 months, and what courses of action would they suggest accordingly. The conversation will cover these questions and more:

  • How long will the current condo market last: will it burst or deflate slowly?
  • What impact do the media really have on the market?
  • Canada is considered a “safe haven” for real estate investment: how and where do international investors impact development trends, growth, and financing?
  • Where are the opportunities for office or industrial development?
  • How far outside of the Greater Toronto Area will you go to keep building?

Moderators:
Niall Haggart, Executive Vice President, The Daniels Corporation
Jim Tadeson, Founding Partner, Carttera Private Equities Inc.

Panel:
Sam Crignano, Founding Partner & President, Cityzen Urban Lifestyles 
Gord Driedger, Senior Vice President, Central Canada, First Capital Realty Inc.
Hugh Heron, Principal, President, The Heron Group of Companies
Lisa Lafave, Senior Portfolio Manager, Real Estate, HOOPP
Mark Reeve, Partner, Urban Capital Property Group


4:10 PM
NETWORKING RECEPTION