2021: ARE MULTI-FAMILY MARKETS MAINTAINING THEIR STRENGTH AND RESILIENCE THROUGH COVID-19?
In 2019, the multi-residential market generally very buoyant across Canada and virtually tied with industrial as the best performing property classes with the best returns. But the situation appeared to change once the pandemic settled into the country last March with accelerated unemployment and a steep decline in immigration. Concerns immediately were raised about rent collection related to the ability of unemployed tenants to pay. Could government programs offset some of these concerns?
How has the apartment market in Western Canada performed since Q1? What impact have lower financing costs, lower utility costs, lower repair and maintenance costs and non-existent CAPEX had on asset values? Where are demand and vacancy rates heading now in Vancouver, Calgary and Edmonton respectively? How much development is in the pipeline?
The 3rd annual Western Canada Apartment Investment Conference will be held virtually on April 13, bringing together owners, managers, developers, investors and lenders to provide valuable and very focused insights into these questions about the trends, issues, opportunities and performance of multi-unit residential markets in Vancouver, Calgary and Edmonton.
As a virtual conference, you will be able to access the program from anywhere across the country without the cost and time commitments of travel while remaining in a safe environment.
Some of the major themes that the conference will address include: how much investment activity is the multi-residential asset class experiencing and in which market; income and net asset value improvement strategies for both large and small owners; insights into new purpose-built rental development activity; financing sources and trends for construction and debt; and niche market opportunities.
This event takes place the day before the Vancouver Real Estate Forum, offering high quality speakers on very topical issues at a relatively low registration fee.
Opportunities for networking prior to, during and following the conference will be available in the virtual platform being used for the program. Large and small owners of multi-residential assets will be joined by other institutional and private equity investors, lenders, commercial real estate brokers, lawyers, accountants, appraisers, and other specialists in real estate finance and valuation.
We hope you will take advantage of this very informative event.