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2006 Program
Post-conference bonus: Some presentations are now available for download in PDF format below. Right-click the links and download to your computer for viewing. Acrobat Reader 5 or greater is required to view these PDFs. (Tip: When viewing PDFs using Acrobat, press CTRL-L to view PDF in full-screen "slideshow" mode. Press ESC to return to normal view.)
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| 7:00 am |
REGISTRATION & CONTINENTAL BREAKFAST |
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| 8:00 am |
WELCOME & GREETINGS |
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Introduction of the Forum Chairman:
Bob Mulder, President, BOMA Edmonton
Forum Chairman:
Mike Parker, President, Cushman & Wakefield LePage (Edm) |
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| 8:05 am |
OPENING ADDRESS: HOW WILL THE DOMESTIC ECONOMY PERFORM OVER THE NEXT 12 TO 18 MONTHS? HOW MUCH GROWTH CAN WE EXPECT? |
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A leading economist will offer insights and forecasts on the short-term and long-term outlook for the North American economy, including the direction of interest rates and economic growth. Mr. Burleton will discuss a range of related issues including the future direction of energy costs, the rate of inflation and employment statistics. What should real estate stakeholders in Edmonton and Alberta expect? In addition, the speaker, author of the Edmonton-Calgary Corridor, will review the findings of this report and the affects on the real estate industry in Alberta.
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| Derek Burleton |
Speaker: Derek Burleton, Senior Economist,
TD Bank Financial Group (download presentation) |
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| 8:35 am |
THE ALBERTA FORECAST – WHERE ARE WE IN THE CYCLE? |
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Compared to most other markets in Canada Edmonton is experiencing some of the strongest growth rates among all major centres – but how long can this prosperity continue? What industries, other than the oil sector, are driving job creation and employment opportunities? This session will examine strategies to manage growth and development in the various market sectors, and what the future holds for the capital region.
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| Larry Pollock |
Speaker: Larry Pollock, President & CEO,
Canadian Western Bank (download presentation) |
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| 9:00 am |
MANAGING AN OVERHEATED ECONOMY — CONSTRUCTION COSTS & LABOUR SHORTAGE |
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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 including providing incentives to attract workers to Edmonton. In addition, this session will address the impacts of higher wages on the real estate market and the trickle down affect these changes are creating.
Moderator & Presenter:
Randy Ferguson, Senior Vice President, Westcorp Inc. (download presentation)
Speakers:
Myron Borys, Vice President, Economic Development,
Edmonton Economic Development Corporation (download presentation)
Bob Walker, Vice President, Northern Alberta,
Ledcor Construction Group Ltd. (download presentation) |
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| 9:45 am |
MORNING REFRESHMENTS |
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| 10:05 am |
THE INVESTMENT ROUNDTABLE: WHAT DOES THE FUTURE HOLD FOR TRANSACTIONS IN THE EDMONTON MARKET? |
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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 Edmonton 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 & Presenter:
John O’Bryan, Managing Director, TD Securities Realty Group
Panel:
Jason Cottle, Managing Director, RBC Capital Markets Real Estate Group
Jon Love, Managing Partner, KingStreet Capital Partners
Dave Young, Vice President, CB Richard Ellis |
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| 10:50 am |
THE OIL BOOM IN FT. McMURRAY. HOW SIGNIFICANT IS THE IMPACT AND HOW LONG WILL IT CONTINUE? |
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The oil reserves are so vast in the province of Alberta that they will help solve America’s energy needs for the next century. Within a few years, the oil sands are likely to become more important to the United States than all the oil that comes to us from Saudi Arabia. What impact does this have on Ft. McMurray? Alberta? Canada? What are the ramifications and opportunities for the real estate and development community? How will this unprecedented growth be managed?
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| Greg Melchin |
Speaker: Greg Melchin, Minister of Energy,
Province of Alberta |
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| 11:25 am |
CONCURRENT SESSIONS (Attend 1 of 2 — pick A1 or A2) |
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Topic A1:
THE NEXT OFFICE BUILDING IN EDMONTON — WHEN WILL IT BE BUILT & WHERE?
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Office rents have broken out of their single-digit shell and are now well into the teens with talk of breaking into the twenties. Why is this rental rate increase happening and what does it mean for future growth? When and where will the next office building be built? Where is the demand coming from and is it sustainable? Will new supply be conversions/upgrades of older buildings or construction of new office buildings?
Moderator & Presenter:
Sandy McNair, President, InSite Real Estate Information Systems
Panel:
Peter Cohos, President & CEO, Tonko Realty Advisor’s Ltd.
Scott Hutcheson, President & CEO, Aspen Properties Ltd.
Todd Throndson, Partner, Avison Young Commercial Real Estate
Ralph Young, President, Melcor Developments
Topic A2:
WHERE ARE WE IN THE RESIDENTIAL CYCLE? CAN WE EXPECT MORE GROWTH?
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There is a perception the market has firmed up, but has it? Are we seeing a temporary strengthening in rental due to a slow down in delivery of new, owned housing? What do the in-migration numbers tell us about new housing stock? What is the preferred housing choices for an Edmonton newcomer? Is our housing types balanced, oversupplied or undersupplied?
Moderator & Presenter:
Richard Goatcher, Senior Market Analyst,
Canada Mortgage & Housing Corporation (download presentation)
Panel:
Allan Carr, Senior Vice President, Midwest Property Management
Doug Kelly, Senior Vice President, Carma Developers LP
Bill Zigomanis, Managing Director, Multi-unit Residential, TD Canada Trust |
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| 12:20 pm |
RECEPTION AND LUNCHEON |
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Luncheon sponsored by |
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| 1:35 pm |
CONCURRENT SESSIONS (Attend 1 of 2 — pick B1 or B2) |
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TOPIC B1:
THE FUTURE OF RETAIL — HOW ARE RETAILERS ADAPTING TO MEET THE DIFFERENT REAL ESTATE OPPORTUNITIES?
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This session will open with an examination of the growing demand side of the retail market in both Edmonton and Calgary: what is the outlook for retail growth in 2007 and beyond? Why is most of the retail growth taking place outside the city and how are retailers adjusting to the changes in their businesses and being forced to adapt their format to fit different opportunities ? 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:
Brad Merchant, General Manager, Kingsway Garden Mall, President,
Northern Alberta Shopping Centre Association (download presentation)
Panel:
Matt Keenan, Regional Director, Leasing, Western Canada, RioCan REIT
Arlyn Stoik, Partner, Avison Young Commercial
Chris Wood, Principal, Northwest Atlantic Canada Inc.
TOPIC B2:
WHY IS THE DEMAND FOR INDUSTRIAL LAND SO STRONG AND WILL THIS TREND CONTINUE?
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Over the past few years, the industrial real estate has been one of the most sought after asset classes by investors across Canada and continues to be the preferred investment. Have cap rates compressed to the point where it is now more economic to build new industrial buildings than it is to buy them? This panel will answer this question as well as examining the current situation and future prospects for this sector from the perspective of owners, developers, investors and users.
Moderator & Presenter: Randy Cameron, Senior Vice President, Western Canada, Dundee REIT
Panel:
Pete Dawson, President, Dawson Wallace Construction Ltd.
Murray DeGirolamo, Vice President Industrial, Western Canada,
Hopewell Development Corporation
Rob Iwaschuk, Partner, Avison Young Commercial Real Estate (Alberta) (download presentation) |
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| 2:30 pm |
AFTERNOON REFRESHMENTS |
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| 2:30 pm |
WHAT IS THE UNIVERSITY’S PLANS FOR THE HISTORIC HUDSON'S BAY BUILDING AND WHAT IMPACT IS EXPECTED FROM A UNIVERSITY OF ALBERTA DOWNTOWN CAMPUS? WHAT IS THE UNIVERSITY'S CAPITAL INVESTMENT STRATEGY FOR ITS OTHER EDMONTON CAMPUSES? |
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This presentation will review the University of Alberta's plans with the Hudson's Bay building and the strategy behind a downtown campus. Further, an overview of the University's capital investment and disposition program for all of its Edmonton campuses will be reviewed. With more that $1 Billion under construction and at least $500 Million more nearing commencement, the University of Alberta is about to move to the forefront of research and education. Learn how that will change the City of Edmonton forever.
Speaker:
Don Hickey, Vice President, Facilities & Operations, University of Alberta |
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| 3:15 pm |
ADDRESSING THE RISKS, TRENDS, CHALLENGES AND OPPORTUNITIES HEADING INTO 2007 WITH DIFFERING SCHOOLS OF THOUGHT — THIS CLOSING SESSION WILL PROVE TO BE A LIVELY AND INFORMATIVE DISCUSSION — WHO WILL BE CORRECT? |
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Given the broad range of issues raised in this year’s conference, a panel of well-respected up and coming and senior real estate executives will have the last word. They will provide insight 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: Mike Parker, President, Cushman & Wakefield LePage (Edm)
Panel:
Bill Butler, President, Springwood Developments
Greg Christenson, President, Christenson Developments Ltd.
Scott Hutcheson, President & CEO, Aspen Properties Ltd.
Jon Love, Managing Partner, KingStreet Capital Partners
Phil Milroy, President, Westcorp Inc. |
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| 4:00 pm |
CLOSING COMMENTS |
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David Judge, President, Humford Management Inc. |
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| 4:05 pm |
CHAIRMAN'S RECEPTION |
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© 2006 York Communications & MediaEDGE Communications , all rights reserved. |
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