EVERYTHING YOU NEED TO KNOW ABOUT THE RENTAL HOUSING MARKET TO GET THROUGH THE PANDEMIC - A Virtual Experience on March 23 & 24
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
A Virtual Experience on March 23 & 24 EVERYTHING YOU NEED TO KNOW ABOUT THE RENTAL HOUSING MARKET TO GET THROUGH THE PANDEMIC realestateforums.com Title Platinum Gold
HOW IS THE MONTRÉAL RENTAL HOUSING MARKET PERFORMING AT THIS STAGE IN THE PANDEMIC? Annie Lemieux Vincent Shirley President Director, Innovation & Growth Strategies LS4/LSR GesDev Inc. Altus Group The 17th annual Québec Apartment Investment This conference has evolved since its inception in 2004 Conference has been designed to offer valuable insights to become the largest annual conference on investment, to owners, managers, developers, investors and lenders development, leasing and financing in this resilient including major trends and opportunities in Canada’s largest multi-residential market. multi-unit residential market. Do join us on March 23 & 24 for the Québec Apartment Why is this property class in Montréal and surrounding Investment Conference, for the first time held virtually communities continuing to perform reasonably well during to eliminate any health risks associated with physically these very unusual and challenging times? To what extent attending an in-person event. Extensive opportunities for has this market actually been affected by COVID-19? How networking prior to, during, and following the program will be will it perform over the next twelve months? What and where available in this tried and tested virtual platform being used. are the challenges and opportunities during the pandemic The Québec Apartment Investment Conference is organized and looking into the future? by the producers of The Real Estate Forums with the input of Fact: During the past year, the Montréal CMA has absorbed apartment owners, lenders, brokers, and valuators. some 10,000 new apartments. In keeping with the strong reputation of the Forums, the Notwithstanding the once-in-a-lifetime public health crisis, conference offers high quality speakers on very topical issues the greater Montréal area continues to be an extremely at a relatively low registration price. Since the event will be attractive place to live and conduct business. This has helped produced virtually, the fees are 30% lower than face-to-face. maintain its status as a safe haven for investment – even Attendance will also qualify for a range of continuing education considering today’s uncertainty. You will learn important credits including OACIQ, AMF and Barreau du Québec. details on this theme in this program. We hope you take advantage of this key and informative event. Live – Happening Now PPE Facial Mask Journal Pen Presenter Biographies Swag Bag Media Sponsor Supporting Association Signature
TUESDAY, MARCH 23 10:00 am 12:15 pm Concurrent Sessions (A1 or A2) WELCOME & OPENING REMARKS SESSION A1 Co-Chairs: THE CONDO MARKET REVIEW: WHAT TO EXPECT WITH THIS PROPERTY CLASS? Annie Lemieux, President, LS4/LSR GesDev Inc. Vincent Shirley, Director Innovation & Growth Strategies, Altus Group 10:05 am Over the past few years, we have seen a plethora of condominium developments in the Montréal market. Some experts say we have reached the threshold while others think we THE ECONOMIC OUTLOOK FOR 2021 AND BEYOND still need more. Some important questions arise out of these polar opinions: How has the condo market evolved during the pandemic? With many Airbnb suites back on the market, what will be the lasting effects on sales vs rentals? What are the key findings of a report published by Fonds Immobilier de Solidarité FTQ along with other governing bodies on What are the major underlying economic fundamentals contributing to investor interest at buyers’ intentions? this time in Québec in general and Montréal in particular? What is the outlook for economic Moderator: and employment growth in this market in 2021? When one examines the most significant factors, what is the outlook for the key sectors in Montréal along with housing demand? Rémi Couture, Analyst, Fonds Immobilier de Solidarité FTQ Sébastien Lavoie, Chief Economist, Economic Research & Strategy Panel: Laurentian Bank Securities Mathieu Collette, Vice President, Real Estate Kastello Immobilier 10:35 am Marco Fontaine, Vice President Development, Devimco Vincent Kou, Vice-President, Corporate Development & Growth, Brivia Group THE GREATER MONTRÉAL HOUSING MARKET: WHAT ARE THE KEY DRIVERS OF DEMAND FOR APARTMENTS OR CONDOMINIUMS? HOW HAS THE PANDEMIC Yann Lapointe, Co-President, Pur Immobilia Inc. CHANGED THIS MARKET? SESSION A2 MIXED-USE DEVELOPMENTS AND NEW RENTAL PROJECTS: HOW CAN OWNERS LEVERAGE STRATEGIC RELATIONSHIPS WITH OTHER PARTNERS? This session will examine the key housing demand indicators, and how they are affecting the multi-residential market in Québec in general and the Montréal in particular over the short and longer terms. The speakers will explore how demographic trends are changing Combining multi-family with office, retail and hospitality has been a growing strategy for for 2021 and beyond. Which markets are positioned for strong rental demand across numerous owners and developers across Québec. Who has been building and how did Québec in addition to Montréal and why? Trends in population growth will be included in they arrive at the decision to proceed with their vision? What has been contemplated this insightful discussion. in terms of layout and design? Is anything going to change in light of the COVID-19 pandemic? Should we get ready for a greater influx of these types of new builds coming Geneviève Lapointe, Senior Analyst, Economics, Market Insights, CMHC to the market? Lukas Jasmin-Tucci, Senior Analyst, Economics, Market Insights, CMHC Moderator: 11:05 am Jean-Marc Fournier, President & General Manager, IDU Québec Panel: LIVE CONVERSATIONS WITH SPEAKERS IN THE ZOOM LOUNGE Francis Charron, President, Batimo - Vice President, EMD Construction Emeka Mayes, Vice President, Investments, First Capital REIT Laurence Vincent, President, Prével Continuing the Housing Demand Indicators Conversation 1:05 pm 11:25 am LIVE NETWORKING IN THE ZOOM LOUNGE ANNUAL UPDATE ON INVESTMENT AND TRANSACTION ACTIVITY IN THE QUÉBEC APARTMENT MARKET: WHERE ARE THEY TRENDING? Attendees, speakers and sponsors are invited to network live in the Zoom Lounge Informative presentations on investment activity within the multi-residential market in 2020 in Montréal, also touching on other mid-markets. What has changed in the 1:25 pm Concurrent Sessions (B1, B2 or B3) past twelve months? Where does investor interest appear to be heading? Who are the predominant buyers and sellers at properties at this time? As a landlord, what do you SESSION B1 need to know? CONSTRUCTION & DEBT FINANCING: HAS IT BECOME MORE CHALLENGING FOR Moderator: OWNERS AND DEVELOPERS? HOW ARE LENDERS UNDERWRITING THEIR LOANS AT THIS TIME? Vincent Shirley, Director, Innovation & Growth Strategies, Altus Group Panel: Marc Hetu, Vice President, CBRE Limited A cross-section of lenders will examine financing multi-family properties and purpose-built Mathieu Larouche, Director, RBC Capital Markets Real Estate Group rental development in various markets across Canada. This will include the perspective Patrice Ménard, President, PMML of major banks, institutional lenders, mortgage investment corporations, private equity funds and other alternatives. To what extent will their underwriting and strategies vary over
the course of 2021? How did the emergence of COVID-19 change the way they assess SESSION B3 a loan? Where are spreads heading at this time? Under what circumstances will they HOW CAN YOU RETAIN YOUR TENANTS AND MAINTAIN THE VALUE OF finance construction? APARTMENTS THROUGH COVID-19? Moderator: Jean-François Bigras, Private Investor Panel: The pandemic has affected owners of numerous types of buildings. This session will focus Tommy Archambault, Lawyer & Co-Founder, Levier Immobilier Inc. 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 Julie Charlebois, Regional Manager, Multiple Underwriting, Québec, CMHC costs, lower repair and maintenance costs and non-existent CapEx had on the value of Charles-Benoit Parent, Assistant Vice President, Real Estate Finance, CMLS Capital these assets? How have landlords used operations, communications and management strategies to retain as high an occupancy as possible for their buildings? Michael Williams, Regional Vice President, Commercial Financing, Québec & Atlantic Canada, First National Financial LP Moderator: SESSION B2 Benoit Poulin, Vice President, CBRE Limited THE REVENGE OF THE MID-MARKET AND SUBURBS Panel: As we see more vacancies in the core markets due to the effects of COVID-19, are Jean-Marc Bélanger, Vice President, Operations, Multi-residential Québec & Ontario, tenants seeking larger spaces? Better quality of life with less commute? How has the COGIR Real Estate lockdown affected habits for the living space? Is the secondary home market becoming Audrey Anne Bouclin, Senior Director, Innovation, Groupe Sélection the primary home? What can we expect over the next 12 months? Kevin Buche, Operation Director, CORPIQ Moderator: François Pelchat, Partner & Vice President, Sales & Marketing, Immostar François Gagnon, Real Estate Broker, PMML Panel: 2:15 pm Ray Junior Courtemanche, President, Investissement Ray Junior NETWORKING IN THE ZOOM LOUNGE Dominic Rodier, President, Groupe Rodier Continuing the Conversation - Network with Attendees, Speakers & Sponsors Martin Villeneuve, Private Investor REAL ESTATE FORUMS C LUB Delivering MARKET INTELLIGENCE, BUSINESS DEVELOPMENT and COMMUNITY CONNECTIONS in real time Powered by Go to realestateforums.com – Click REF Club and go from there
WEDNESDAY, MARCH 24 Moderator: 10:00 am James Palladino, Managing Director, RBC Capital Markets Real Estate Group WELCOME & OPENING REMARKS Panel: Co-Chairs: Colin Catherwood, Vice President, Investments, Fengate Asset Management Annie Lemieux, President, LS4/LSR GesDev Inc. Curt Millar, Chief Financial Officer, InterRent REIT Vincent Shirley, Director Innovation & Growth Strategies, Altus Group Tyler Seaman, Head of Hotels & Multi-Residential, North America, Oxford Properties Group 10:05 am 12:05 pm INSIDE LOOK AT THE 5TH ANNUAL TENANT PREFERENCE SURVEY RESULTS NETWORKING IN THE ZOOM LOUNGE Informa Connect in conjunction with the real estate community have surveyed the DO TROUBLED HOTELS & VACANT OFFICES IN CORE MARKETS REPRESENT A NEW multi-residential tenants to present data relevant for owners, managers and developers OPPORTUNITY FOR MULTI-RESIDENTIAL? gathered from over 23,000 Canadian renters in 2020 and over 60,000 total responses over five years. Tenants responded to over 120 questions and some 80 amenities which Continuing the Conversation - Network with Attendees, Speakers & Sponsors makes the presentation impactful and valuable. This survey has been developed using millions of datapoints. It has been scaled to demonstrate how owners, developers, city 12:25 pm planners and managers can further understand tenant tastes and necessities to translate them into a competitive advantage. Our speaker will hone what is important to tenants INDUSTRY ICONS SERIES: IN CONVERSATION WITH A LEADING SENIORS HOUSING when considering your property. OPERATOR Robert Metcalfe, Managing Director, Vice President, Avison Young 10:25 am Le Groupe Maurice is a market leader in the design, development and management of WITH CONSTRUCTION COSTS CONTINUING TO RISE FOR MULTI-RESIDENTIAL progressive senior housing residences in Québec. Purpose-built and maintained to the DEVELOPMENTS AND RENOVATIONS, HOW CAN AFFORDABLE HOUSING GAIN highest industry standards, the residences above all respond to the needs and aspirations MOMENTUM? WHAT ARE SOME OF THE IDEAS BEING PUT FORWARD AND CAN of the seniors who choose to live in them. Le Groupe Maurice is a widely recognized and THESE ACTUALLY HELP? respected brand, due in large part to the passion and determination of its entrepreneur Montréal and other metropolitan regions across the Canada are facing significant and founder, Luc Maurice. In recent months, The Group has experienced a number of stressors to their housing supply—rising construction costs, gentrification in some areas challenges, the containment of COVID-19 outbreaks being just one. The founder of The and disinvestment in others, run-down infrastructure, and shifting policies at every level Group will share how his team is navigating these troubled waters and more. of government. This panel will examine major challenges, opportunities and explore Luc Maurice, Founder & President, Le Groupe Maurice promising strategies and practical solutions to promote affordable housing and inclusive urban development for all. Interviewed By: Moderator: Jean-François Gilbert, Partner, GDA Anthony Arquin, Partner, Davies 12:55 pm Concurrent Sessions (C1 or C2) Panel: Robert Beaudry, City Councillor & Member of the Executive Committee, City of Montréal SESSION C1 Christian Savard, General Manager, Vivre en Ville HOW ARE OWNERS AND MANAGERS FROM ALL CORNERS OF THE PROVINCE COPING WITH COVID-19 IMPACTS? Laurence Vincent, President, Prével Natalie Voland, Chief Vision Officer, GI Quo Vadis 11:15 am Key multi-family property owners will share their views on the impact that the COVID-19 pandemic is having on their properties, portfolios and investment strategies. The pandemic MAJOR INVESTORS & PENSION FUNDS ARE BULLISH ON THE MONTRÉAL is moving through different regions at different times. We will explore what is happening in MARKET: HAS THE PANDEMIC ALTERED THEIR LONGTERM GOALS? HOW MUCH different areas of Québec multi-residential markets and what are some of the best in class INVESTMENT ACTIVITY CAN WE EXPECT IN THE MULTI-RESIDENTIAL MARKET operating strategies. IN 2021? WHAT DOES THE FUTURE HOLD? Moderator: Hans Brouillette, Director, Communications & Public Affairs, CORPIQ Panel: Mylène Forest, Director Operations, Valro Inc. The beginning of the year featured some very strong transaction activity. Then overnight, Alexandre Godbout, Vice President, Atwater Properties investment virtually stopped as COVID-19 accelerated, and valuations were somewhat affected. It now appears that transactions volumes are returning. Where are cap rates now Andréane Morneau, Lawyer & CEO, Real Estate Group Nault in various markets? Our panel of brokers and investment experts will provide an overview Nellie Robin, President, Groupe Robin of notable transactions across Canada. Questions regarding how deal flow is anticipated in the continuation of a low interest rate environment will also be examined.
SESSION C2 2:05 pm TECHNOLOGY AND INNOVATION TO THE RESCUE! In these challenging times, multi-residential owners of all sizes have had to adjust to a WHERE DO QUÉBEC’S LEADING MULTI-RESIDENTIAL EXECUTIVES THINK THE new way of conducting and managing their business. Whether this be for short or long MARKET IS HEADED? term, these changes involve technology & innovation are affecting new building design and construction, together with the operation and management of apartments. These new ways make it possible to operate under the guidelines now faced. Tenant experience The pandemic has affected owners of many various types of buildings. This panel of is more than ever at the forefront of retention and lease renewals. What are some of industry executives will focus on their experience in recessionary environments lessons the, innovations and strategies that are propelling this trend forward and changing the learned over the past year and share their outlook for the next 12 months. way owners, developers and operators have traditionally done business? What new ways of connecting with tenants are effective? How can you operate your building more Moderators: efficiently and reduce your costs? This panel will address how innovation is impacting Annie Lemieux, President, LS4/LSR GesDev Inc. multi-residential assets. Vincent Shirley, Director Innovation & Growth Strategies, Altus Group Moderator: Panel: Benoit Ste-Marie, Chief Executive Officer, CORPIQ / Kangalou Normand Bélanger, President, Fonds Immobilier de Solidarité FTQ Panel: Roger Plamondon, President - Real Estate, Broccolini Francis Campbell, Co-Founder, ExpédiBox Nathalie Roussin, President, Immeubles Roussin Audry Larocque, Consultant Frédéric Soucy, President, COGIR Management Corporation G.P. Sean Tassé, Co-Founder, SquareFeet.ai 2:55 pm 1:45 pm NETWORKING IN THE ZOOM LOUNGE NETWORKING IN THE ZOOM LOUNGE - THE ANATOMY OF A $300 M DEAL Continuing the Conversation - Network with Attendees, Speakers & Sponsors A conversation with Vahe Shaldjian & Joe Rullier of Colliers International and opportunity for questions WHAT IS THE INDUSTRY SAYING ABOUT THE VIRTUAL EXPERIENCE? The feedback shows that real estate professionals are adapting to and very surprised at their overall experience with virtual Forums and conferences and the thought leadership, market intelligence and networking value and benefits. “The technology was amazing. There were games, networking, breakout rooms a database of important information. I don’t think I even found all of the features that were available. It really was very good and I would prefer to have had a tutorial to learn where things were and how to access them a week before the next event.” “Given this has been a ‘needle moving’ year for everyone the content of this Forum is one of the most impactful we’ve had in years. Really enjoying and benefiting from the content and insights. Thanks to all.” “The quality of topics and speakers was excellent. The platform and support was easy and engaging. Next best thing besides in-person. Well done.” “Congratulations for an outstanding virtual conference that provided a lot of value to the participants and attendees. I’ve had very good feedback from my broker team that attended.” “Excellent informative event, the market insights were invaluable and it was great to see a huge array of experts giving their views of the present challenging times and future prospects for their prospective businesses.”
ACCESS TO NETWORKING & PRESENTATIONS Attendees benefit from access to the Québec Apartment Investment Conference virtual platform for networking 5 working days prior to the conference and to the presentations for two weeks following the conference (Québec Apartment Investment Conference registered REF Club members receive access to end 2021). VIRTUAL CONFERENCES IN A NUTSHELL Navigating The Virtual Platform We are looking forward to welcoming you to the Québec Apartment Investment Conference brought to you virtually. After registering, you will be provided with access to the virtual platform a week prior to the live event. During this time, prepare yourself to optimize your virtual experience by: Exploring sessions under PROGRAM Viewing the expert roster under SPEAKERS Creating your customized SCHEDULE Personalizing your PROFILE Seeing who’s attending, making connections, and starting to schedule meetings under NETWORK On March 23rd, the Conference will be made live and the Networking Lounge and Chat Rooms will open along with other interactive features of the virtual platform. Accessing The Virtual Platform The virtual event is accessible on smartphones, tablets, laptops and desktops through a web browser like Safari, Chrome or Firefox. You can also access the virtual event by downloading the Canadian Real Estate Forums mobile app from the App Store (iPhone) or Google Play (Android). A week before the live Conference, an email with detailed instructions and the log in link will be sent to you. Simply click on the link, input the email address you registered with, and you’re in! For a thorough understanding of features and functionality of the virtual platform, please visit our Virtual Event User Guide. REGISTRATION FEES QAIC Registration Up to Feb. 24 After Feb. 24 Questions? $265 $295 Visit realestateforums.com/qaic or email events@informacanada.com. Excludes Applicable Taxes Package Offer Policies Subscribe to the REF Club at the same time as registering for the Québec Apartment Click to see our Terms & Conditions Investment Conference and receive 20% discount off the conference. Up to Feb. 24 After Feb. 24 REF Club Membership $625 $625 + QAIC Registration (20% off) $212 $236 Total $837 $861 Excludes Applicable Taxes Register Now Register now at realestateforums.com/qaic/en/register.html. CLICK HERE TO REGISTER NOW
You can also read