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We’re live at our 12th Annual Great Canadian Real Estate Conference. It’s packed at The National Club. Thank you to everyone here and watching online!

For decades, the condo market was all about a lack of supply. But suddenly, there is excess inventory. Where did all that demand go and what are the current market dynamics?  What has happened to condo investors? How will the market absorb the significant resale inventory without price declines? What's driving current demand for new construction units, especially when pre-construction prices are substantially above current resale values?  Is there an increase in legal action against condo buyers who walk away from closing? How are developers responding to this? How strong are developer balance sheets and do they have the liquidity to withstand lower project completions? Are rising construction costs or low demand leading to an increase in pre-construction project cancellations, and what are the implications for buyers and developers? Our condo panel at our Veritas 12th Annual Great Canadian Real Estate Conference tomorrow will have the answers to these questions and more. Condos Panel: From Excess Demand to Excess Supply - What's Next? - Natalka Falcomer, Chief Real Estate Officer, Houseful (formerly OJO Canada), an RBC Company - Chris Smith, CFA: Vice President of EllisDon Developments. - Daniel Foch: Director of Economic Research, RARE Real Estate Inc. You can find out more about the speakers and panelists, and download the full agenda on the conference website: https://lnkd.in/g-tcDqUW There are a couple of seats left for in-person at The National Club or join us streaming online.

Our real estate conference is approaching quickly. We'd like to share that Joe Berridge, Partner at Urban Strategies Inc., will be a featured speaker. Joe is a thought leader on the future of cities. He is an urban planner who has had an integral role in complex urban planning and regeneration projects in Canada, the U.S., the U.K., Europe and Asia. He has been a strategic advisor for the development of the city centres of Manchester, Belfast and Cardiff and for the waterfronts of Toronto, Singapore, Sydney, Cork, London and Governors Island in New York City. He has prepared university campus master plans and is now planning the new hub for Toronto Pearson International Airport. His book 'Perfect City' was published by Sutherland House in April 2019. We have just a few seats left at the National Club on Thursday or join us streaming online. Please visit our website for more details on speakers and the agenda. Don't miss what has been called the most relentlessly honest real estate conference in the country. https://lnkd.in/g-tcDqUW

Commercial real estate in the U.S. is floundering. Why is Canada holding up? Is office dead? With the Canadian consumer struggling, how bad will it get for retail shopping structures? Canadians need places to live, but the cost of construction is making rents unaffordable. Can rental housing fill the void? For answers to these questions and more, we've gone to two of Canada's leading CRE experts. Join us at our 12th Annual Great Canadian Real Estate Conference on October 3 as we have a fireside chat with: - Alan MacKenzie, CEO, JLL Canada: Few in Canada will have a better handle on current conditions than Alan. He is responsible for developing JLL Canada's business strategy, driving revenue, delivering best-in-class service to clients, and partnering with the company's business in the Americas and globally. Based in Toronto, he leads the business and its adoption of new technologies across Canada. Before joining JLL in September 2019, Alan was President at Triovest Realty Advisors, a real estate advisory and investment firm with over $10 billion in assets under management. Alan's career spans over 30 years, assuming the roles of broker, investor, asset owner and company founder. His experience in commercial real estate includes capital markets, development, value enhancement, leasing, asset management and joint ventures. - Scott Gordon, Head of Asset Management, North America, Real Estate Equity, Manulife Investment Management: Scott oversees the firm's real estate investment assets within Canada and the United States across office, industrial, multifamily, and retail properties, the portfolio totaling approximately 60 million square feet. He is responsible for enhancing portfolio performance through accretive asset management, as well as helping to lead due diligence of new markets as the firm continues to broaden its real estate platform across North America. Previously, he was head of Canadian real estate asset management. Prior to joining the firm, Scott was the executive director of Canadian investments at Starlight Investments, responsible for the execution of all acquisitions, dispositions, and financing of multifamily assets within Canada. Scott spent the first 10 years of his career at Brookfield Asset Management. In addition to this CRE panel, we also have the following speakers who will cover CRE: - Vlad Volodarski, CEO, Chartwell Retirement Residences: Chartwell and Canadian Senior Living. - Jeff Berger, CPA, CA, CIRP, LIT, Managing Director, TDB Advisory: A member of our insolvency panel who will cover corporate insolvencies. - Shalabh Garg, CFA, MBA Garg, Veritas REITs Analyst: REITs On the Rise. - Chris Smith, CFA Developments: A member of our condo market conditions panel. You can find out more about the speakers and download the agenda on the conference website. There is just one week to go! https://lnkd.in/g-tcDqUW

We have released the full agenda for next week's Veritas 12th Annual Great Canadian Real Estate Conference. For our conference, we carefully select on-the-ground industry experts who can give us the straight goods on both residential and commercial real estate market conditions. Join us on October 3 for what has been called the most relentlessly honest real estate conference in the country. This is the last day to get early-bird discounts on tickets. Space is limited. Download the agenda on our website: https://lnkd.in/g-tcDqUW (Alan MacKenzie, Aled ab Iorwerth, Anthony Scilipoti, FCPA, FCA, CPA (Illinois), April Fong, Caryl Newbery-Mitchell, MBA, CIRP, LIT, Chris Smith, CFA, Daniel Foch, David Larock, Jeff Berger, CPA, CA, CIRP, LIT, Joe Berridge, John Pasalis, Murtaza Haider, Natalka Falcomer, Nigel R. D'Souza, CFA, Ron Butler, Scott Gordon, Scott Terrio, Shalabh Garg, CFA, MBA, Steve Saretsky, Vlad Volodarski)

We're proud to announce that Dr. Murtaza Haider, Professor of Data Science and Real Estate Management at Toronto Metropolitan University, will be a featured speaker at our Veritas 12th Annual Great Canadian Real Estate Conference on October 3. Murtaza is a thought leader on Canada's housing crisis and all aspects of the housing market. He is the Associate Dean of Graduate Programs and a full professor of Data Science and Real Estate Management. The Professor's research interests encompass business analytics, data science, housing market dynamics, transportation, infrastructure, urban planning, and human development in Canada and South Asia. To give you an idea about what he'll discuss, the title of his presentation is: Balancing Progress and Pitfalls: The Canadian Housing Policy Dilemma. The conference website has more information about the speakers and a full agenda. We have also extended the early-bird discount period to Tuesday this week. https://lnkd.in/g-tcDqUW #housing #realestate #houseprices #investmentresearch

Our Senior Financial Services Analyst, Nigel R. D'Souza, CFA, was in the news commenting on the announcement that Toronto Dominion Bank's CEO, Bharat Masrani, is retiring in April 2025 and will be replaced by Raymond Chun. Masrani accepted "full responsibility" for the bank's money laundering problems in the announcement. Nigel noted that Chun has never held a C-suite role before and was chosen over other executives who would have shown more continuity between Masrani and his successor.  "But it's not clear whether this signals a substantially different approach to how the bank is managed," Nigel added. That will all come with a strategic plan, usually released after a new CEO is appointed. "And we need that obviously sooner rather than later, so we can get a sense of whether or not it's business as usual at TD … or whether there actually will be a strategic shift going forward." https://lnkd.in/gdXA55Xs #financialservices #investmentresearch #equityresearch #banks #banking

We'd like to share that Shalabh Garg, CFA, MBA, our REITs Analyst, will be a speaker at our Veritas 12th Annual Great Canadian Real Estate Conference on October 3. Shalabh has unique insights into commercial real estate conditions in Canada in all sectors and will reiterate his methodology for picking the top-performing REITs. His presentation will be titled "REITs On the Rise." Shalabh joined Veritas in 2019 as our financial services associate before taking on the REITs sector in 2022. Join us in person at the National Club or streaming online. For more speakers and details, please visit our website: https://lnkd.in/g-tcDqUW #REITs #investmentresearch #equityresearch #commercialrealestate

We're proud to announce that Nigel R. D'Souza, CFA, our Senior Financial Services Analyst, will be a featured presenter at our Veritas 12th Annual Great Canadian Real Estate Conference on October 3. Nigel always has one of the most anticipated presentations at our conference as he connects real estate market conditions to how they will impact Canada's financial services industry. To give you a flavour of his presentation this year, the title will be " Rock and a Hard Place." Nigel joined Veritas in 2016 and follows banks and insurance companies for us. Join us in person at the National Club or streaming online. For more speakers and details, please visit our website: https://lnkd.in/g-tcDqUW