CONCURRENT SESSIONS (Select B1, B2, B3, B4 or B5)
THE OFFICE MARKET ACROSS CANADA: WHAT CHALLENGES DOES IT FACE IN WHICH CITIES? WHAT KEY FACTORS ARE AFFECTING GROWTH IN DEMAND?
Canada’s office market of more than 500 million sq.ft. continued to soften during this past year. Vacancy rates rose in most markets and have reached over 12% at mid-year nationally. What were the reasons for this trend when you consider that our major cities are witnessing the largest surge in development in some 25 years? How much absorption has there been? What are the challenges to achieving more? How have Toronto, Vancouver and Montreal performed compared with other markets? How have the suburbs fared relative to the downtown cores? What are owners of older legacy towers, A, B and C class properties doing to try to compete against the attributes of the new higher performance green certified buildings? How is the “brick and beam” market performing? What is the impact of tenants rethinking their workplaces and space requirements? What are the key priorities of tenants on a stratified basis? Are leasing trends in step with valuations and cap rates?
Chuck Scott, Chief Executive Officer, Canada, Cushman & Wakefield
Vince Brown, President & CEO, Triovest Realty Advisors Inc.
Gerry Guidice, Global Head, Enterprise Real Estate, TD Bank Group
Sandy McNair, Data Curator, Altus Data Solutions
Jan Sucharda, President & CEO, Brookfield Canada Office Properties
Stephen Taylor, Vice President, Real Estate, HOOPP
THE APARTMENT MARKET CONTINUES TO BE BUOYANT: SOLID RETURNS, SUSTAINABLE DEMAND, AND PURPOSE BUILT RENTAL
For many investors, the staple of any well-diversified real estate portfolio today is still the multi-family market. Predictable yields and strong cash flows make apartments a reliable property class. Investor demand far outweighs supply resulting in continued cap rate compression. What direction are they likely to take in 2017? How can investors make low cap rates work? How much new apartment construction is expected to continue in 2017? In which cities? Do niche markets still fuel some of this demand or are they maxed out, e.g. student housing, seniors housing? What challenges does the apartment market face over the next few years?
Mark Kenney, Chief Operating Officer, CAPREIT
Daniel Drimmer, Founder & CEO, Starlight Investments Ltd.
Philip Fraser, President & CEO, Killam Apartment REIT
Brian McCauley, President & COO, Concert Properties Ltd.
Anne Morash, Senior Vice President, Multi-Residential, GWL Realty Advisors Inc.
INVESTMENT OVERVIEW OF GATEWAY CITIES AND MID-MARKETS ACROSS CANADA
A panel of investors will discuss on prospective buying and selling trends for 2017. The story for the past year has been a familiar one: a market imbalance where the amount of capital trying to buy assets continues to exceed quality investment opportunities. What are the major reasons for this continued investor interest in Canada? What will be required in order create greater liquidity in the market? Who are likely to be buyers and sellers in 2017? Which asset classes will likely be most favoured by investors? Which cities will be “top of mind”? How do investor attitudes vary from institutional vs. private and domestic vs. offshore? Where will cap rates be trending? What is the public sector likely to be doing with its real estate assets?
Peter Senst, President, Canadian Capital Markets, CBRE Limited
Neil Cunningham, Senior Vice President, Global Head of Real Estate, PSP Investments
Jonathan Gitlin, Senior Vice President, Investments, RioCan REIT
Rob Kumer, Executive Managing Director, KingSett Capital
Toni Rossi, President & CEO (interim) and Divisional President, Real Estate & Lending, Infrastructure Ontario
Ted Welter, Managing Director & Chief Investment Officer, Alternative Investments, Greystone Managed Investments Inc.
CITY BUILDING & NEW DEVELOPMENT: WHAT IS DRIVING URBANIZATION ACROSS CANADA? HOW LONG WILL IT CONTINUE?
Across the country, there is an unprecedented amount of intensification activity and urban revitalization on a scale that has not been seen for decades. A panel of developers active in various Canadian markets will provide their insights on what key economic, demographic and social forces are responsible for the renewal trends in our major cities. What type of projects are emerging to create new forms of residential, office, retail, and hotel uses? What proportion of projects are green buildings? What are some examples of innovation that are being implemented? How long will this trend likely last?
Mark Renzoni, President & CEO, CBRE Limited
Eric Carlson, Chief Executive Officer, Anthem Properties Group Ltd.
David Gerofsky, Chief Executive Officer, First Gulf Corporation
Claude Marcotte, Executive Vice President, Development & Construction, Carbonleo
Michael Turner, Executive Vice President, Canada, Oxford Properties Group Inc.
INDUSTRY VETERANS SPEAK WITH THE MILLENNIAL GENERATION OF EMERGING LEADERS: WHAT INSIGHTS AND PERSPECTIVES CAN THEY OFFER EACH OTHER?
Two Canadian real estate veterans will discuss how their careers evolved, lessons learned along the way and other key takeaways with two millennial generation leaders as they all share their experiences thus far. What has remained timeless and what aspects of the industry from professional development, career opportunities and market realities have changed? How can the various generations work with each other to make organizations stronger? What differences and synergies might arise that need to be addressed and capitalized on? The panel will also offer their perspectives on today’s industry as they address salient questions: starting out today, what is important to focus on, how do you manage intergenerational workplaces, and what are some notable trends creating differences in the real estate industry over the past 40 years?
Lori-Ann Beausoleil, Partner, National Real Estate Advisory Leader & the National Forensic Services Leader, PwC
Paul Campbell has a 40-year career in the property management, leasing, development and senior leadership roles at KingSett Capital, SITQ, Oxford Properties, Maron Properties, Campeau Corporation and Bramalea
Tom Farley, Chairman, Brookfield Canada Office Properties, Chairman, Slate Retail REIT, previously Global President and COO of Brookfield Properties
Alexandra Khazzam, Director, Investments, Dream Asset Management
Peter McFarlane, Senior Asset Manager, Fiera Properties Ltd.