Sponsored by

Introduction of the Forum Chairman:
Bob Mulder, President, BOMA Edmonton

Forum Chairman:
Ralph Young, President and CEO, Melcor Developments Ltd.

Sponsored by

A leading economist will deliver an analysis of the North American market and its impact on the direction of interest rates and economic growth in Canada. What sectors and markets will outperform others? What should real estate stakeholders in Edmonton and Alberta expect?

Derek Burleton

Speaker:
Derek Burleton, Senior Economist, TD Bank Financial Group (download presentation)

Sponsored by

Edmonton continues to experience some of the strongest, if not the strongest, growth rates among all major centres across Canada – but how long can this prosperity continue? What industries are driving job creation and employment opportunities? Is the labour force strong enough to support this development growth? Speakers in this panel will examine strategies to manage growth and development in the various market sectors, and what the future holds for the capital region.

David Baxter	Dr. Sam Shaw

Sponsored by

The province of Alberta continues to lead the country with respect to economics, government policy and attracting investment. The province carries no debt, maintains a young population with a can-do attitude. But how can this remarkable story continue? Can Alberta provide the rest of the country with a template for success if the cities of Calgary and Edmonton continue their historic rivalry? How can this atmosphere of competition be overcome and transformed into a climate of cooperation?

Ruth Kelly	Hal Walker

Keynote Address:
Ruth Kelly, Chair, Edmonton Chamber of Commerce
Hal Walker, Vice-Chair, Calgary Chamber of Commerce

Sponsored by

Compared to other markets in Canada, what kind of momentum has the Edmonton market experienced since 2000 including the first quarter of 2005? What is the outlook for the remainder of the year and beyond in terms of inventory growth, the number of office workers, vacancy and tenant leasing options? How do trends in the suburbs compare to the downtown core?

Sponsored by the Commercial Mortgage Origination Group of

Topic A1:
EDMONTON’S HOT INDUSTRIAL MARKET: WHY IS IT SIZZLING?
The Edmonton industrial market remains very strong and shows no signs of slowing any time soon. Are investors paying too much for the land and, if so, why does this trend continue? This session will examine the current and emerging trends in this popular sector. Where are the opportunities for new investment and development? Are any new trends emerging in the warehouse and distributions sector? If so, how will these trends affect product demand and the types of space users will be seeking?

Moderator:
Larry Wall, Executive Director, Alberta Industrial Heartland Association

Panel:
Randy Cameron, Senior Vice President, Dundee REIT
Rod Connop, Associate Vice President, Colliers International (email rod.connop@colliers.com for presentation)
Darren Durstling, Partner, Wam Developments
Kevin Pshebniski, President, Hopewell Development Corporation

Sponsored by

TOPIC A2:
THE PROS AND CONS OF MULTI-UNIT RESIDENTIAL MARKET INVESTMENT
Notwithstanding increasing concerns about vacancy rates, the multi-unit residential sector continues to attract capital and investor interest because of its historically stable returns. Where is the sector going? What opportunities and risks lie ahead? What impact will condominium development and individual investors have on this market? What is the current investor attitude towards apartment buildings vs. other asset classes? Who’s buying and who’s selling? Where are cap rates headed?

Moderator: Brian Barish, Executive Vice President, DALA Group of Companies

Panel:
Alex Ferguson, Market and Financial Analyst, Apex Limited Partnership (download presentation)
Phil Milroy, President, Westcorp Inc.
Ray Townsend, Vice President, CB Richard Ellis (download presentation)
Bill Zigomanis, Managing Director, Mult-Unit Residential, TD Canada Trust

Sponsored by

TOPIC B1:
PROJECTIONS AND PREDICTIONS FOR THE EDMONTON RETAIL MARKET
This session will open with an examination of the demand side of the retail market in both Edmonton and Calgary: what is the outlook for retail growth in 2006 and beyond? Is box centre development played out? What is the next wave of retail? Has the new retail product had an impact on the traditional community centres in terms of rental rates and value? Panelists will also examine the retail sector from the perspective of developers and users, and provide insight into what’s on the horizon for Edmonton.

Moderator:
Christine Zwozdesky, Senior Manager, Deloitte Touche

Panel:
John Burton, Partner, Springwood Developments (download presentation)
Brian Kozak, Vice President Western Canada, First Capital Realty Inc.
Cameron Naqvi, President, Cameron Development Corp.
Darren Snider, Partner, Avison Young Commercial Real Estate (download presentation)
Doug Stone, Vice President, Real Estate & Construction, The Forzani Group (email dstone@forzani.com for presentation)

Sponsored by

TOPIC B2:
NEW DIRECTIONS AND OPPORTUNITIES FOR INVESTMENT IN THE DOWNTOWN OFFICE MARKET
This session will examine the key trends, including absorption, in the downtown and suburban office markets in Edmonton. As the largest space user in Edmonton, the Government of Alberta has a major impact on the office leasing market. Why is the office market where it is and when will it change? Is there a disjoint between leasing rates and building value? What have been some of the most significant transactions in the last 12 months and what impact has this had on the office market? What does the future hold for rates and leasing trends?

Moderator:
Michael Parker, President, Royal LePage Commercial Inc. (Edmonton) (download presentation)

Panel:
Peter Cohos, President & CEO, Tonko Developments
Randy Ferguson, Senior Vice President, Westcorp Inc.
Scott Hutcheson, President & CEO, Aspen Properties Ltd.
Todd Throndson, Managing Partner, Avison Young Commercial Real Estate

Sponsored by

A panel discussion and debate on the most significant issue facing real estate decision-makers today – property values. Why are they so strong today? What key factors influence them? Are properties undervalued, fairly valued or over-valued? How does the cost of debt affect values? What impact does portfolio management have? What is the future outlook for values in each of the major asset classes? With the information from the Montrose Market Report, this presentation will open with a brief discussion on how the debt market is influencing the recent rapid escalation in property values. The matter of liquidity and its impact on property values and other key factors, including interest rates, economic influences, capital markets and real estate fundamentals, will also be addressed. Property values will be examined in the context of risk-adjusted returns on other investment classes.

Moderator:
Jan Willey, Partner, Montrose Mortgage (download presentation)

Panel:
James Midwinter, Executive Vice President, Commercial Properties, GWL Realty Advisors
Keith Fraser, Partner, Altus Group (download presentation)
Dave Young, Vice President, CB Richard Ellis (download presentation)

Sponsored by

Given the broad range of issues raised in today’s conference, a panel of well-respected senior real estate executives will have the last word. They will provide insights and perspectives both individually and collectively on what they believe to be the most critical issues and market trends heading into 2006, and the appropriate courses of action. The panel represents a wide array of interests and will provide viewpoints on whether to buy, sell or hold.

Moderator:
Ralph Young, President and CEO, Melcor Developments Ltd.

Panel:
Peter Cohos, President & CEO, Tonko Developments
Scott Hutcheson, President & CEO, Aspen Properties Ltd.
Phil Milroy, President, Westcorp Inc
Kevin Pshebniski, President, Hopewell Development Corporation