2020 Forum Program

Platinum

Gold

PropTech

Wednesday, September 30, 2020

Updates will be made to this program based on market conditions at the time


7:00 AM
REGISTRATION
CONTINENTAL BREAKFAST

8:00 AM
OPENING REMARKS

Introduction of Forum Chair:
Jeff Brown
, Regional Vice President, Pacific Region, FCT

Forum Chair:
Chuck We, Senior Vice President, Western Canada, Hudson Pacific Properties


8:10 AM
KEY CANADIAN AND B.C. ECONOMIC FUNDAMENTALS: WHERE ARE WE HEADING?

Where is GDP, employment growth and other economic fundamentals heading for 2020 and beyond? How are B.C. and Vancouver performing within the context of the remainder of the country and other major cities? What impact are federal and provincial government policies having on B.C.’s economy? This presentation will offer insights and perspectives on these and other trends and key fundamentals across Canada.

Speaker:
Benjamin Tal,
Deputy Chief Economist, CIBC World Markets Inc.


8:45 AM
HOW CAN VANCOUVER AND SURROUNDING MUNICIPALITIES CONTINUE TO MOVE FORWARD WITH GROWTH AND DEVELOPMENT? HOW CAN YOU NAVIGATE THE IMPACT OF POLICIES OF THREE LEVELS OF GOVERNMENT?

The ongoing transformation of Metro Vancouver and the Lower Mainland continues in the face of rising land and construction costs combined with NIMBYism and increasingly impactful political policies. How are developers responding to these constraints and overcoming barriers to entry? To what extent do planning policies differ among the various municipalities in the GVRA? What strategies should municipalities consider for rezoning and development applications? 

Brian McCauley

Virginia Bird

Rob Blackwell

Greg Moore

Moderator:
Brian McCauley, President & Chief Executive Officer, Concert Properties

Panel:
Virginia Bird, Principal, Pottinger Bird Community Relations
Rob Blackwell, Senior Vice President, Development, Anthem Properties Group
Greg Moore, Interim President & CEO, BCLC, Former Mayor, City of Port Coquitlam


9:30 AM
THE IMPACT OF CASCADIA AND THE PACIFIC NORTHWEST ON THE VANCOUVER TECHNOLOGY SECTOR: WHERE IS IT HEADING? IS IT SUSTAINABLE?

Vancouver is ranked among the top markets experiencing high-tech job growth in North America with Microsoft, Google, Apple, and Amazon all opening offices in just over a year. The GVRD has also nurtured three of Canada’s tech unicorns: Slack, Hootsuite, and Avigilon.  It appears that Vancouver has become a magnet for technology giants looking to expand outside of the U.S. with its proximity to Seattle and Silicon Valley. With such a meteoric rise, how sustainable is the growth of this sector? Are Vancouver and the Lower Mainland capable of absorbing more high-tech and providing the human capital that meets its needs? What impact does Vancouver’s proximity to Seattle and being part of Cascadia on this trend?

Gavin Reynolds

Raghwa Gopal

Sue Paish

Alex Vouvalides

Moderator:
Gavin Reynolds, Executive Vice President, Brokerage, JLL

Panel:
Raghwa Gopal
, President & CEO, Innovate BC 
Sue Paish, Chief Executive Officer, Canada’s Digital Technology Supercluster 
Alex Vouvalides, Chief Operating Officer and Chief Investment Officer, Hudson Pacific Properties


10:15 AM
MORNING REFRESHMENTS

10:45 AM
CONCURRENT SESSIONS (Select A1, A2 or A3)
SESSION A1:
IS THERE ANY VACANT INDUSTRIAL SPACE IN VANCOUVER? WHERE IS THIS MARKET HEADING? WHAT IS DRIVING THE DEMAND? 

The Vancouver industrial market vacant space is almost nonexistent. What is driving this insatiable demand? To what extent is trade and the Port playing a role? How sustainable is this tight market? How are developers creating innovative solutions in order to provide much needed product into this very tight market, e.g. construction has started on Canada’s first multi-level industrial building in Burnaby. Is multi-story becoming a viable option? How are industrial strata developments impacting the market? Given the cost of land, are secondary markets seeing an increase in industrial activity? 

Steve Brooke

Beth Berry

Kleo Landucci

Jeff Miller

David Owen

Moderator: 
Steve Brooke
, Senior Vice President, CBRE Limited 

Panel:
Beth Berry
, Vice President, Industrial Development, Beedie
Kleo Landucci, Chief Commercial & Corporate Affairs Officer, Ashcroft Terminal, Member of the PSA Group 
Jeff Miller, Head of Industrial, Oxford Properties Group 
David Owen, Chief Operating Officer, Pure Industrial Real Estate Trust

SESSION A2:
THE MULTI-RESIDENTIAL MARKET CONTINUES TO BE BUOYANT WITH STRONG DEMAND AND LOW VACANCY: BUT WHAT IMPACT WILL GOVERNMENT POLICIES HAVE GOING FORWARD?           

Vacancy in Vancouver’s multi-residential market has continued to be well under 2% as it remains a source of relatively more affordable housing.  However, provincial legislation capping rent increases at 2.5% and soaring property taxes have put upward pressure on owners with older buildings that need updating. How is Vancouver’s new Tenant Relocation and Protection Policy impacting the market? Combined with high land and construction costs, will purpose built rental still be feasible? Is condominium development a better alternative?  What are investors doing in this market under these conditions?  

Cynthia Jagger

Shenoor Jadavji

Anthony Lanni

Dan Sander

Wendy Waters

Moderator: 
Cynthia Jagger
, Principal, Goodman Commercial Inc.

Panel:
Shenoor Jadavji
, President, Lotus Capital
Anthony Lanni, Executive Vice President, Residential, QuadReal Property Group 
Dan Sander, Hollyburn Properties
Wendy Waters, Vice President, Research Services & Strategy, GWL Realty Advisors

SESSION A3:
WHAT ARE ENTREPRENEURS DOING IN TODAY’S MARKET TO SUCCEED?

Given the strong investor sentiment in the Canadian and Vancouver markets, many opportunities have emerged for entrepreneurialism in the real estate industry. Who are they and what are they doing? They are experienced at being innovative, thinking “outside the box” at times, and accessing well priced capital. They are often privately-owned firms. While they do not dismiss risk, they often have the ability to see value and reward where many others do not. What have been the most significant challenges that they have had to endure? How do they see opportunities unfolding in the future? 

Michael Hungerford

Byron Chard

Renee Merrifield

Jon Stovell

Oliver Webbe

Moderator: 
Michael Hungerford
, Partner, Hungerford Properties 

Panel:
Byron Chard, President & CEO, Chard Developments
Renee Merrifield, Chief Executive Officer, Troika Management Corp. 
Jon Stovell, President, Reliance Properties
Oliver Webbe, President, Development, Darwin Properties Ltd. 


11:45 AM
CONCURRENT SESSIONS (Select B1, B2 or B3)
SESSION B1:
ONE OF NORTH AMERICA’S HOTTEST OFFICE MARKETS: IS THIS A RESULT OF THE GROWTH OF TECH?  HOW IS THE NATURE OF OFFICE CHANGING?  

In the first half of 2019, there was 700K sq.ft. of positive net absorption in the Vancouver market, with downtown vacancy falling to 2.4%.  The suburban office market is a little softer. Vancouver has been ranked as the 12th of the top 50 markets for tech talent in North America. What are the underlying factors that are driving this strong demand? How are companies managing their future growth in such a tight market? Is the growth of flex office space addressing some of the need? How has the nature of work impacted this market? Over 5M sq.ft. of space is under construction in Metro Vancouver. Who will be the occupants of these new buildings? 

Jocelyne Legal

Matt Carlson

Jeff Lim

 Jeff Rank

Stephen Smith

Moderator: 
Jocelyne Legal
, Managing Director, Office Leasing, Cushman & Wakefield

Panel:
Matt Carlson, Vice President, Colliers International
Jeff Lim, Vice President, Leasing, BentallGreenOak (Canada) LP
Jeff Rank, Senior Vice President, Office Leasing, QuadReal Property Group 
Stephen Smith, Managing Director, Western Canada, Manulife Real Estate 

SESSION B2:
INVESTMENT AND VALUATIONS IN VANCOUVER: ARE THERE STILL VIABLE OPPORTUNITIES? WHO ARE THE BUYERS AND WHO ARE THE SELLERS?

Overall investment activity in Vancouver has decreased from 2019. The session will open with a brief overview of some of the bellwether transactions over the past twelve months. The panel will address a range of questions including: What are becoming the major challenges to buy assets in this market? Discussion will then focus on each asset class. Where are cap rates and valuation heading? How will the cost of capital affect investment decision-making? What does it take to complete an investment deal in this market? What do investment fundamentals look like for the remainder of 2020 and beyond for the Vancouver market?

Lorne Burns

Trevor Blakely

Bob Levine

Vera Liu

Andrew Tong

Moderator: 
Lorne Burns
, National Industry Leader, Real Estate, KPMG 

Panel:
Trevor Blakely, Chief Executive Officer, Forgestone Capital 
Bob Levine, Principal, Avison Young
Vera Liu, Director, Investments, KingSett Capital 
Andrew Tong, Senior Vice President, Investments, Concert Properties

SESSION B3:
CONSTRUCTION & DEBT FINANCING: WHILE THERE IS NO SHORTAGE OF CAPITAL, IS CREDIT GETTING TIGHTER? HOW ARE BOND YIELDS AFFECTING SPREADS?

A panel discussion will examine the construction and debt financing markets and what borrowers can expect for the remainder of 2020 and beyond. This will include comparative insights from a cross-section of lenders. To what extent are their priorities, underwriting and strategies varying at this time? How are they assessing a transaction and pricing it in this market? How are bond yields and government regulations affecting spreads? Are there any property classes that they are avoiding or reducing exposure particularly with respect to construction financing? Case studies of actual transactions including smaller projects will be examined during the session. 

Brett Sandler

Sam Brown

Chris Enns

Bill Sherritt

Jenny Siman

Moderator: 
Brett Sandler
, Chief Financial Officer, Bosa Properties 

Panel:
Sam Brown, Senior Vice President, Origination and Product Development, CMLS Capital
Chris Enns, Executive Director, Mortgage Investments, KingSett Capital
Bill Sherritt, Director, Community Business & Real Estate, Vancity Savings Credit Union
Jenny Siman, Vice President & Branch Manager, Real Estate Lending, Canadian Western Bank 


12:40 PM
NETWORKING LUNCHEON 
LUNCHEON REFRESHMENTS

1:40 PM
LUNCHEON KEYNOTE PRESENTATION
THE OUTLOOK AND SOME KEY TRENDS AFFECTING THE LOWER MAINLAND ECONOMY AND BUSINESS CLIMATE

The lower mainland accounts for a majority of British Columbia’s population, GDP, innovation, and overall business activity.  It is a dynamic region defined by steady population growth, the emergence of a more Asia-centric global economy, and an increasingly diversified industrial base. The lower mainland also faces major challenges around housing affordability, growing congestion, and at times unpredictable swings in government policy. This presentation will touch on these themes while also providing an up-to-date forecast for the region’s economy.

Speaker:
Jock Finlayson, Executive Vice President & Chief Policy Officer, Business Council of British Columbia


2:30 PM
CONCURRENT SESSIONS (Select C1, C2 or C3)
SESSION C1:
THE GROWTH OF PROPTECH AND INNOVATION: WHAT REAL ESTATE COMPANIES NEED TO KNOW ABOUT TECHNOLOGICAL ADVANCEMENTS THAT CAN IMPACT YOUR BUSINESS AND BOTTOM LINE?  

Technological innovation is transforming the world at unprecedented speed and the real estate market and industry is not exempt from this transition. PropTech is now a commonly used term pertaining to the intersection of real estate and technology. While many advancements are being made today, fast forward five years and the pace of change and evolution will be significantly more accelerated. What is the range of strategies that you could be considering in order to take advantage of technological innovations that can benefit your real estate assets, your portfolio, your firm, your clients? What are some examples of PropTech initiatives that have entered the market successfully?

Jennifer Sicilia

Monika Jaroszonek

Lachlan MacQuarrie

Shawn Punton

Jas Saraw

Moderator: 
Jennifer Sicilia, Vice President & General Manager, RYCOM Corporation 

Panel:  
Monika Jaroszonek, Co-Founder & CEO, RATIO.CITY 
Lachlan MacQuarrie, Head of Platform Services, Oxford Properties 
Shawn Punton, Director, Operations, Hudson Pacific Properties 
Jas Saraw, Vice President, Canada, Procore for Owners

SESSION C2:
A CROSS-SECTION OF DEVELOPMENT: TOD, MIXED-USE & BROWNFIELDS. WHAT ARE COMMON CHALLENGES THAT PROJECTS FACE? HOW ARE THEY BEING ADDRESSED? 

Despite having some of the highest land and construction costs in Canada, Vancouver is still seeing strong levels of development activity. From joint ventures, to mixed-use to TOD and more complex development, this session will examine projects that have gone through the process and have been successful.  This session will examine both larger scale suburban development, inner city projects and activity in the Lower Mainland. How are viable projects going forward given land constraints and construction costs? What are other constraints to development and how can you overcome them? What are the most practical opportunities at this time?

 Bill Tucker

Michael Heeney

Gregory Henriquez

Darren Kwiatkowski

Christopher Mullins

Moderator: 
Bill Tucker, Chief Executive Officer, Omicron 

Panel:  
Michael Heeney, President & CEO, Surrey City Development Corporation
Gregory Henriquez, Managing Principal, Henriquez Partners Architects
Darren Kwiatkowski, Executive Vice President, Acquisitions + Development, Shape Properties Corp. 
Christopher Mullins, Senior Director, Cost & Project Management, Altus Group

SESSION C3:
LUXURY TO EXPERIENTIAL TO FOOD HALLS: HOW IS THE RETAIL ENVIRONMENT SHIFTING IN THE LOWER MAINLAND?

As Vancouver continues to grow as a global gateway city and popular tourist destination, it also continues to be an attractive market for new retailers. While stores like Hermes and Tiffany & Co. have doubled down their footprints in the downtown core, a plethora of Asian-based low-cost retailers are also setting up shop.  How is last mile fulfillment impacting the design of the back of house?  How do new tenants like Colony and Cineplex Rec Room fit into the traditional retail environment? Trends such as food halls are seeing increased popularity.  What other strategies are owners and developers using to fill vacant space? The panel will examine this and also consider other emerging trends and how landlords and retailers are responding to them.

Adrian Beruschi

Chris Doulos

Brodie Henrichsen

Maria Holly

Eric Sherman

Moderator: 
Adrian Beruschi, Senior Vice President, CBRE Limited 

Panel:  
Chris Doulos, Vice President, Real Estate, Cineplex Entertainment 
Brodie Henrichsen, Senior Vice President, Retail, JLL 
Maria Holly, Senior Vice President, Merchandising & Leasing, Shape Properties
Eric Sherman, Vice President, Real Estate, Yorkville, First Capital Realty  


3:20 PM
AFTERNOON REFRESHMENTS

3:30 PM
CLOSING ROUNDTABLE
ASSESSING THE MARKET IN 2020 AND BEYOND: IS VANCOUVER FULLY PRICED OR DOES IT STILL OFFER VARIOUS OPPORTUNITIES? 

Drawing on their experience and overview of the Canadian market, a panel of senior real estate executives will share their insights about the Vancouver market for the second half of 2020 and beyond. What trends are they watching closely in Vancouver and the Lower Mainland? What key challenges and risks face investors, owners and developers of office, retail, industrial and multi-family properties in this market? Is the demand for more space sustainable? What asset classes and transactions will likely offer the best possible returns in 2020? What are their overall views of Vancouver as a key strategic market?

 

Chuck We

Michael Emory

Kevin Leon

Richard Weir

Moderator: 
Chuck We, Senior Vice President, Western Canada, Hudson Pacific Properties

Panel:  
Michael Emory, President & Chief Executive Officer, Allied Properties REIT  
Kevin Leon, President, Crestpoint Real Estate Investments Ltd. 
Richard Weir, Executive Vice President, Acquisition & Asset Management, Bosa Development Corp. 


4:25 PM
CLOSING COMMENTS

4:30 PM
NETWORKING RECEPTION