2021 Conference Program

Tuesday, April 13, 2021


8:30 AM
NETWORKING IN THE ZOOM LOUNGE

Network with Attendees, Speakers & Sponsors


9:00 AM
OPENING REMARKS: PROGRAM OVERVIEW

Conference Chair:
Tim Grant, Vice President, Development, PCI Development


9:10 AM
COVID-19 AND THE ECONOMY: WHERE ARE WE NOW? IS IT REALLY A RECESSION OR SOMETHING TOTALLY DIFFERENT? HOW WILL ALBERTA AND B.C. PERFORM OVER THE NEXT TWELVE MONTHS?

Given the effects of the pandemic, what is the outlook for employment, population growth and other economic fundamentals in Alberta and British Columbia over the next twelve months? How will key engine of the economy perform in these two provinces? How has the housing market been impacted by COVID-19? This presentation will offer insights and perspectives on these and other key trends and issues.

Robert Hogue, Senior Economist, RBC


9:40 AM
KEY DRIVERS OF DEMAND FOR CALGARY, EDMONTON AND VANCOUVER: HOW ARE OCCUPANCY LEVELS TRENDING AT THIS TIME? WHAT CAN BE EXPECTED IN 2021 AND BEYOND?

This session will examine key housing demand indicators and how they are affecting the multi-residential markets in Calgary, Edmonton and Vancouver. The presentation will examine demographic trends for 2021 and beyond and their implications for rental housing. How much activity has there been in these markets during the pandemic? What is the state of the rental market in the Calgary, Edmonton and Vancouver CMAs? What is the outlook for housing affordability in each city? How will trends in household incomes, labour markets, and population growth impact each of the three rental markets?

Michael Ferreira, Managing Principal, Urban Analytics


10:15 AM
THE WESTERN CANADIAN MARKET: INSIGHTS ON APARTMENT INVESTMENT IN CALGARY, EDMONTON AND VANCOUVER 

This session will provide an update on multi-residential investment activity within each of the three markets. What are some of the key transactions that have taken place in the last twelve months? Where does investor interest appear to be heading in each market? Who are the predominant buyers and sellers of properties at this time? What does the future likely hold?

Emmett Hartfield

Paul Chaput

Samuel Dean

Mark Goodman

Moderator:
Emmett Hartfield
, Owner & Partner, Intelligence House

Panel:
Paul Chaput
, Senior Vice President, Investments, Institutional Property Advisors
Samuel Dean, Senior Vice President, Capital Markets, Multifamily, JLL
Mark Goodman, Principal, Goodman Commercial Inc.


11:00 AM
CONCURRENT SESSIONS
SESSION A01:
THINKING OUTSIDE THE BOX: THE NEXT STEPS WITH NEW BUILT RENTAL - FROM CONCEPT TO DELIVERY TO LEASE-UP

A panel that has experience with new apartment projects will examine key questions that must be addressed as you proceed with constructing an apartment building. This session will explore the six core questions any developer needs to address to maximize return on investment, using real numbers and examples: Should you build? What should you build? What is the depth of market? How much rent can you charge? How much can you sell the building for? And who can you sell to? From a business plan to project delivery and lease-up, this session will review the overall process of creating a new building using case studies. This session will explore not only the development to lease-up process but also what and where it is being constructed.

Derek Lobo

Todd Nishimura

Keri Rodgers

Russell Syme

Scott Ullrich

Moderator:
Derek Lobo
, CEO & Broker of Record, SVN Rock Advisors Inc.

Panel:

Todd Nishimura, Senior Director, Marketing, Leasing and Communications, GWL Realty Advisors Residential
Keri Rodgers, Director, Corporate Affairs, HighStreet Accommodations
Russell Syme, Assistant Vice President, Commercial Financing, First National Financial LP
Scott Ullrich, President, Gateway Property Management


SESSION A02:
DEALING WITH TENANTS DURING THE PANDEMIC: HOW TO RETAIN YOUR OCCUPANCY AND MAINTAIN THE VALUE OF APARTMENTS THROUGH COVID-19?

The pandemic has affected owners of many various types of buildings. This session will focus specifically on how the multi-residential market has performed during COVID-19. Has it had counter-cyclical resilience? What impact have lower financing costs, lower utility costs, lower repair and maintenance costs and non-existent CAPEX had on asset values? How have landlords used operations, communications and management strategies to retain as high an occupancy as possible for their buildings?  

Nick Marini

John Courtliff

Kerri Jackson

Laura Way-Olenek

Moderator:
Nick Marini
, Vice President & General Manager, Macdonald Property Management

Panel:
John Courtliff
, Partner, Managing Director & Portfolio Manager, ICM Asset Management
Kerri Jackson, Senior Vice President, Property Management, Concert Properties
Laura Way-Olenek, Executive Vice President, The RMS Group


11:50 AM
NETWORKING IN THE ZOOM LOUNGE

Robyn Adamache & Deirdre Marchinko From CMHC will be available to respond to your questions.


12:20 PM
CONCURRENT SESSIONS
SESSION B01:
A LOOK AT ASSET MANAGEMENT AND RENTAL STRATEGIES: CASE STUDIES OF REPURPOSING TO NEW RENTAL INNOVATION TO REMAIN COMPETITIVE

Competing with shiny new condominium units and purpose-built rental stock has both challenges and opportunities. What steps can you take to enhance revenue streams, reduce operational load, and improve competitiveness against new builds? When is it feasible to introduce higher performance elements in your buildings to improve profits and reduce expenses? What happens when a property is just too old or there is a highest and best use other than pure rental? How can you repurpose common areas for condo type amenity space and also to manage new forces like package delivery demands on space from online shopping?

Shaun Jones

Laurel Edwards

James Ha

Raul Jaime

Steve Krilanovich

Moderator:
Shaun Jones
, Senior Advisor, Altus Expert Services, Altus Group

Panel:
Laurel Edwards
, Senior Vice President, Residential & Commercial Leasing, Strategic Group
James Ha, Vice President, Finance & Investor Relations, Boardwalk REIT
Raul Jaime, Director, Investment Management, QuadReal Property Group
Steve Krilanovich, Vice President, Asset Management, Lotus Capital Corp. 


SESSSION B02:
CONSTRUCTION AND DEBT FINANCING: HAS IT BECOME MORE CHALLENGING OR IS CAPITAL READILY ACCESSIBLE FOR OWNERS AND DEVELOPERS IN CALGARY, EDMONTON AND VANCOUVER?

A cross-section of lenders will provide their views and examine their levels of activity in each of the three major markets specifically as it relates to multi-family properties and development. This will include the perspective of banks, mortgage investment corporations, private equity funds and other alternatives. To what extent are their priorities, underwriting and strategies varying at this time? How are they assessing a transaction and pricing it in each market? Where are spreads heading at this time? How did the emergence of COVID-19 change their activities? Under what circumstances will they finance construction? Case studies of actual transactions for small to large assets will be examined during the session.

Jessica Harland

Jamie Dysart

Ray Johnson

Michael Sagert

Reade Wolansky

Moderator:
Jessica Harland
, Managing Director, CMSI Pacific

Panel:
Jamie Dysart
, Managing Director, Mortgage Investments, KingSett Capital
Ray Johnson, Senior Director, Development Finance Group, MCAP
Michael Sagert, Senior Director, CMHC, CMLS Capital
Reade Wolansky, AVP, Business Development, Real Estate Financing, BC, Laurentian Bank of Canada


1:10 PM
CLOSING ROUNDTABLE
MULTI-FAMILY ASSETS IN ALBERTA AND BC: WHERE ARE SENIOR EXECUTIVES PLACING THEIR BETS?

What are the views senior executives on the Calgary, Edmonton and Vancouver markets respectively? What are the challenges to buy or sell apartment assets from a REIT vs. a pension fund vs. a private equity fund vs. a privately-owned corporation? What trends are they paying attention to and how are they incorporating them into their assets and portfolios? How do they view BC and Alberta at this time? Where are they placing their bets? 

Tim Grant

Bill Blais

David Hanick

Dan Sander

Moderator:
Tim Grant
, Vice President, Development, PCI Developments

Panel:
Bill Blais
, President, Maclab Development Group
David Hanick, Chief Legal Officer, Starlight Investments
Dan Sander, Hollyburn Properties Limited


2:00 PM
NETWORKING IN THE ZOOM LOUNGE

Continuing the Conversation - Network with Attendees, Speakers & Sponsors