2006 Program

7:00 AM
REGISTRATION & CONTINENTAL BREAKFAST

8:00 AM
OPENING REMARKS: PROGRAM OVERVIEW

Introduction of the Forum Chairman:
Jon Wellman, President, BOMA British Columbia

Forum Chairman:
Ward McAllister, President & CEO, Ledingham McAllister Properties Ltd. & President, The Urban Development Institute of Canada


8:05 AM
KEYNOTE ADDRESS: HOW WILL OUR ECONOMY PERFORM OVER THE NEXT YEAR? HOW MUCH GROWTH CAN WE EXPECT?
A leading economist will offer insights and forecasts on both the short-term and long-term outlook of the North American market and how this will impact the direction of interest rates, commodity prices, international investment and economic growth in Canada. What sectors and which markets will outperform others? How do the prospects for Vancouver compare to the outlook for other major Canadian cities?

Warren Jestin

Speaker:
Warren Jestin
, Senior Vice President, & Chief Economist, Scotiabank


8:35 AM
THE REGIONAL OUTLOOK: WHEN CAN WE EXPECT THE MARKET TO CHANGE & WHY?

The current boom in economic activity in British Columbia is not restricted to the real estate market alone, but is much more broadly based. What is the depth of this growth in terms of households, incomes, business opportunities, population growth and employment? How is government policy impacting this growth? How will these factors continue to impact real estate?

Speaker:
Jock Finlayson, Executive Vice President, Policy, Business Council British Columbia


9:00 AM
THE INVESTMENT ROUNDTABLE: WHAT DOES THE FUTURE HOLD FOR TRANSACTIONS IN THE VANCOUVER MARKET?

Office, retail, industrial and multi-unit residential product types continue to enjoy excellent liquidity and at high values. Real estate remains in strong favour relative to other asset classes. Access to debt and equity capital has rarely been better – and at historically low rates. This session will feature a wide-ranging discussion on current and emerging investment trends in markets across Canada with a view to Vancouver specifically. Who are the most active buyers? Who are the sellers? Which product types are currently most favoured by investors? Which markets are “top of mind” and why? What have been some of the most significant transactions? How do investor attitudes vary from institutional vs. private and domestic vs. offshore? Is international pricing here to stay in Canada?

Moderator:
John Zaytsoff, Real Estate Market Leader, KPMG

Panel:
Remco Daal, Senior Vice President & Portfolio Manager, Bentall Investment Management
Mark Hannah, Partner, Avison Young Commercial Real Estate
Jim Szabo, Vice President, Investment, CB Richard Ellis


9:40 AM
MORNING REFRESHMENTS

10:05 AM
CONCURRENT SESSIONS (Select A1 or A2)
Session A1:
MAJOR TRENDS IN THE RETAIL MARKET: WHY ARE MAJOR RETAILERS NOW FOCUSSING ON SMALLER MARKETS?

The retail sector is currently one of the hottest and most interesting markets currently in Vancouver is the retail sector. Why then are leading retailers like Home Depot and Canadian Tire establishing themselves in some of the smaller markets? Will this trend continue? The panel will also look at the performance of strip and power centres, regional centres, and community enclosed malls. In addition, some of Vancouver’s most significant retail projects will be reviewed.

Moderator:
Stephen Knight, President, Sitings Realty Ltd.

Panel:
Christina Flanigan, Westbank Projects Corporation 
Scott Lee, President, Northwest Atlantic (B.C.) Broker Inc.
Bob Tattle, Vice President Business Development – Retail, Anthem Properties Ltd. 
Jeffrey C. Wren, Principal, Staburn Property Group


Session A2:
VANCOUVER’S OFFICE MARKET: WILL THE DOWNTOWN CORE SEE ANY NEW OFFICE CONSTRUCTION BEFORE THE END OF THE DECADE? WILL THIS CREATE A TREND FOR OFFICE GROWTH IN THE SUBURBS?

This must-attend presentation will focus on what’s happening in Vancouver’s office market. With declining office vacancy rates and few quality leasing options for tenants, are tenants leaving the downtown core for suburban office space? If tenants do leave downtown for the suburbs, will it be permanent? Is this a concern for owners? Alternatively, where will the investment come from to build Vancouver’s next tower, and literally, where is there space? The panel of professionals will also discuss how the growth in residential development is affecting the office market.

Moderator & Presenter:
Sandy McNair, President, InSite Real Estate Information Systems

Panel:
Tony Astles, Senior Vice President, British Columbia, Bentall Real Estate Services LP
Bart Corbett, Vice President, Cushman & Wakefield LePage Inc.
Don Harrison, Senior Vice President, Western Canada, GWL Realty Advisors


11:10 AM
CONCURRENT SESSIONS (Select B1 or B2)
Session B1:
TRENDS, OPPORTUNITIES AND RISKS IN THE MULTI-FAMILY MARKETS. WHAT DOES THE FUTURE HOLD FOR THIS SECTOR? HOW LONG WILL THE OVER-HEATED MARKET CONTINUE?

The condominium and apartment market in B.C. continue to grow at unprecedented levels with very limited inventory available. Where is this sector going, what further opportunities exist and where are the risks? Furthermore, what is the current investor attitude towards apartment buildings vs. other asset classes? Is now a good time to be a buyer or seller and why? Get the answers and more from the panel of industry experts during this exciting presentation.

Moderator & Presenter:
Cameron Muir, Senior Market Analyst, CMHC

Panel:
Eric Carlson, President & CEO, Anthem Properties Ltd. 
Bob Rennie, President, Rennie Marketing Systems
Brenda Brockbank, Senior Relationship Manager, Multi-Unit Residential, TD Canada Trust
David Goodman, Goodman Report, Macdonald Commercial Real Estate Services Ltd.


Session B2:
THE INDUSTRIAL MARKET IN VANCOUVER – WHEN WILL THE CONTINUED LAND PRICES STOP RISING?

Industrial property is hot – it has been one of the most sought after asset classes by investors across B.C. and Canada over the past few years. With limited supply and increasingly expensive land, where will this asset class be headed? This panel of experts will examine the current situation and future prospects for this sector in Vancouver from the perspective of owners, developers, investors and users. What is the outlook for leasing activity in this sector? Where are the new trends for investment and development?

Moderator:
Bill Tucker, President, Omicron Consulting Group

Panel:
Ron Bagan, Executive Managing Director, Western Canada, Colliers International
Leeland Blanchard, Associate Vice President Industrial/Leasing Division, Cushman & Wakefield LePage Inc.
Jeff Fleming, Director Commercial Investments, Western Canada, GWL Realty Advisors


12:15 PM
RECEPTION
LUNCHEON

1:00 PM
LUNCHEON PRESENTATION: VANCOUVER ICON REFLECTS

Imagine working in real estate in Vancouver in the 1940s, 1960s and the 1980s. Local Vancouver icon Joe Segal will reflect on the important issues, turning points, economic and political influences of Vancouver’s colourful real estate history. Always provocative and animated, Mr. Segal is sure to offer new insight about how and why Vancouver’s skyline has unfolded the way it has.

Speaker:
Joe Segal, a Legend; President, Kingswood Capital Corporation


1:35 PM
CONCURRENT SESSIONS (Select C1 or C2)
Session C1:
SECONDARY MARKETPLACES: WHAT IS ATTRACTING BUSINESS AND INVESTORS TO SMALLER MARKETS LIKE KELOWNA, VICTORIA AND SQUAMISH?

What are the trends and opportunities in some of these secondary marketplaces in British Columbia? Are good opportunities still available or have investor’s finished cherry picking ? What are the deciding business factors, other than price, to locate in the outlying cities such as Kelowna, Victoria and Squamish? The panel will look at the major trends for these regions.

Moderator:
Ward McAllister, President & CEO, Ledingham McAllister Properties Ltd.

Panel:
Dennis Carlsen, Senior Planner, City of Victoria
Brent Leigh, Managing Director, Squamish Sustainability Corporation
Andrew Bruce, Manager of Development Services, City of Kelowna


Session C2:
THE VISION FOR VANCOUVER: MANAGING THE GROWTH OF A MAJOR CITY IN AN INTERNATIONALLY COMPETITIVE CONTEXT

Vancouver and British Columbia will be in the international spotlight when it hosts the world in 2010. As projects leading to the Olympic games get underway, how will the city prepare for the continued growth? What is being done to promote and support the areas of planning, real estate development and disposition, and transportation? Hear the architect of the master plan explain the transition for the city over the next four years.

Moderator:
Wayne Smithies, President, Martello Property Services Inc.

Speakers:
Larry Beasley, Co-Director of Planning, City of Vancouver 
Michael Geller, President & CEO, SFU Community Trust


2:40 PM
AFTERNOON REFRESHMENTS

2:45 PM
CONSTRUCTION COSTS & LABOUR SHORTAGE – HOW DO WE ADDRESS THIS GROWING CONCERN?

A red-hot construction market means skilled labour shortage and rising material costs will continue to be pressing concerns. This session will provide an update on the current situation and what the industry is doing to stay on top of these serious challenges in the short and long term.

Moderator:
David Podmore, President & CEO, Concert Properties Ltd.

Panel:
Kirk Chen, Vice President, Ledcor Construction Group
Steve Elias, Director, Altus Helyar Cost Consulting
Keith Sashaw, President, Vancouver Regional Construction Association


3:30 PM
CLOSING SESSION: ASSESSING THE RISKS, TRENDS, CHALLENGES, AND OPPORTUNITIES FOR 2006 – 07

A panel of well respected senior real estate executives will have the last word. Their combined experience, individually and collectively, will provide invaluable insights and perspectives on the most critical issues and market trends that the industry will face in 2006-07. An exceptional opportunity to hear advice from leading industry experts on how to address the many challenges ahead.

Moderator:
Ward McAllister, President, Ledingham McAllister Properties Ltd.

Panel:
Avtar Bains, Senior Vice President, Colliers International 
Peter Cohos, President & CEO, Tonko Realty Advisor’s Ltd. 
Paul Finkbeiner, President, GWL Realty Advisors Inc. 
Al Poettcker, President & CEO, UBC Properties Trust 
Robert J. Macdonald, President, Macdonald Development Corporation


4:15 PM
CLOSING COMMENTS

Bill Tucker, President, NAIOP Vancouver


4:20 PM
CHAIRMAN’S RECEPTION