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6:00 p.m. – 9:00 p.m.
Le Séminaire de Québec
(20, rue Port Dauphin, Québec)
*Tickets must be purchased for this event
Michel Dallaire, President & CEO, Cominar REIT
France Rodrigue, Vice President, Real Estate & Material Resources, SSQ Financial Group
Insights on the economy and performance of the Québec City market, and the key emerging trends in this region. What is the outlook for employment and population growth for the Québec City area? What are the demographics of this region and how are they changing? What do the economic fundamentals suggest for the remainder of 2016? How do the prospects for Québec City compare with the outlook for other major Canadian cities?
Pedro Antunes, Executive Director & Deputy Chief Economist, Forecasting and Analysis,
The Conference Board of Canada
Two essential elements found in many of today’s successful cities are a diversified range of strong economic drivers coupled with a vibrant population and culture that inspires and attracts an intellectual market of residents. How does Québec City fare in this regard? What competitive advantage does it offer? Aside from being the seat of the provincial government, what other major industrial sectors are key drivers of the local economy, e.g. insurance and financial services, food processing, life sciences, ICT and electronics.
Carl Viel, President & CEO, Québec International
How much leasing and investment momentum did the Québec City market experience in 2015 and the first quarter of 2016? What is the outlook for the remainder of this year and beyond in the office, retail, industrial and multi-unit residential sectors? How do the market fundamentals look with respect to vacancy rates, absorption rates, and cap rates
Marie-France Benoit, Senior Director, Commercial Products, Altus Data Solutions,
a division of Altus Group
Alain Roy, Chartered Appraiser, General Manager, Québec, Altus Group
For questions concerning the presentation, please email email@example.com
Founded in 1840, La Maison Simons opened a store in 1870 in what is now Old Québec City. In 1961, the retailer expanded into Place Ste-Foy, a new shopping centre in the suburbs of Québec City. Over the years, Simons has continued to grow, opening additional stores in Québec City, as well as in Montréal, Laval, Saint-Bruno and Sherbrooke. This presentation will examine the unique retail concept embraced by this fashion-forward retailer and how he is meeting the needs of today’s savvy consumers.
Peter Simons, President & CEO, La Maison Simons
A comprehensive examination of the Québec City office market. The discussion will focus on a wide range of fundamentals and trends including: the anticipated needs of major users of office space in this market, e.g. the provincial government, financial services; how are Class B and C properties performing compared to Class A; how much new development is underway or proposed for Québec or Lévis; and what is the outlook for investment activity for 2016? To what extent are new projects all LEED certified and higher performance buildings? Another trend that will also be examined is to what extent are tenants moving into the Québec City market from Montréal. How strong is this trend and what are the underlying reasons for it?
Patrick Soucy, Vice President, Chartered Real Estate Broker, Colliers International
Michel Ayotte, Vice President, Commercial Leasing, Groupe Dallaire
Pierre-Luc Landry, Advisor, Leasing & Management, La Capitale Financial Group
Louis Bertrand, Director, Development & Promotion, Real Estate Investments, iA Financial Group
Michel Léonard, President & CEO, BTB Real Estate Investment Trust
This session will open with a brief overview of rental housing demand in the Québec City apartment market. Discussion will then follow on major fundamentals and characteristics of the multi-unit residential sector. What is the short and medium term outlook for the performance of the apartment market? Where are vacancy rates and rent levels heading? How strong is investor interest in rental housing properties? Niche markets will also be examined including the growth of seniors housing, the demand for student housing, the potential impact of condominiums on the rental market, and the extent to which new apartment development is occurring.
Martin DeRico, President & Partner, DeRico Experts-Conseils
Claude Beaudet, President, Beaudet & Saucier
Elisabeth Koulouris, Senior Market Analysis, CMHC
Nathalie Roussin, President, Les Immeubles Roussin Ltée.
Frédéric Soucy, Executive Vice President, Residential Division, COGIR Management Corporation
This session will examine the key leasing, investment and development trends and issues as well as provide an outlook for retail activity in this market. How is the supply and demand balance at this time with respect to the various types of retail formats being offered, tenant interest in this market, and consumer spending? What plans do various retail owners in Québec City and Lévis have with respect to new projects or upgrading their existing properties? What new retailers are now in this market and are potentially entering in the future? What retail categories and tenants are performing well? Who are facing greater challenges? What impact is online shopping having on conventional stores and omnichannel retail? How will the retail market in Québec City likely perform overall in 2016 and beyond?
Janina Francescutti, Partner, Brookfield Financial
René Arsenault, Senior Vice President, Québec, CREIT Management LP
Jean Landry, Vice President, Shopping Centres – Québec, Leasing & Operations, Ivanhoé Cambridge
Marcel Toupin, Director of Operations, Immostar
Yves Maurais, Founder & Senior Partner, Intercom Real Estate Services
While the overall portfolio of industrial real estate in greater Québec City market is not as significant as other property classes are, it has been gaining some momentum over the past few years both in the city itself as well as across the river in Lévis. This session will examine the evolution of industrial space, what are opportunities and likelihood for ongoing growth, and what is the profile of the tenants in these spaces. To what extent is the logisticssector undergoing growth? Why is this a property class that you should keep an eye on as an investor and a developer?
Alexandre Sieber, Senior Vice President & Senior Managing Director, CBRE Limited
Bernard Auger, Division Director, Economic Development Agency, Ville de Québec
Jérôme Jolicoeur, General Director, Groupe commercial AMT
Virginie Roussin, Director, Leasing, Société immobilière Bruno Roussin Inc.
Mathieu Veilleux, Real Estate Broker, Fortier Veilleux Immobilier
Pierre Dion, President & CEO, Quebecor Media Inc.
The Québec region is experiencing stronger growth than many major and mid-sized cities across Canada. This session will examine some key these projects that are proposed and have recently been undertaken in Québec City and Lévis. How are municipal policies and the vision of local councils facilitating growth and development in Québec City and Lévis? How will the new BRT public transit link between the two cities impact on development activity? What impact will this have on both communities? What is the overall timing for the completion of the project? How does this fit into Québec City’s Sustainable Mobility Plan?
François Picard, Director, Major Projects, WSP Canada inc.
Régis Labeaume, Mayor, Québec City
Gilles Lehouillier, Mayor, Lévis
A closing discussion on key trends, opportunities and risks emerging in the Québec real estate investment and development market. The panel will feature heads of national real estate organizations active in Québec and locally based entrepreneurs. The questions that will be examined include: where are we in the real estate cycle and where is it heading over the short to medium term; what are the most significant challenges for investors and owners in Québec; how do you achieve growth in rental rates in this market; what impact has the volatility in Canadian and global economies have on the credit markets; how will cap rates and real estate values be affected over the next twelve months; what plans do you have with respect your existing Québec portfolio; and what will be your strategy for the remainder of 2016 and beyond?
Jean-Charles Angers, Managing Director, RBC Capital Markets, Real Estate Group
Normand Bélanger, President & CEO, Fonds immobilier de solidarité FTQ
Vincent Chiara, President & CEO, Groupe Mach
Michel Dallaire, President & CEO, Cominar REIT and President & CEO, Groupe Dallaire
Claude Sirois, Executive Vice President, Shopping Centres, North America, Ivanhoé Cambridge