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Canada's Housing Sector: What Are We Trying to Achieve?

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Special Policy Conference
Nov
20
Monday, November 20, 2017 - 08:30 to 16:15
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Toronto ON, C.D. Howe Institute, 67 Yonge Street, Suite 300
  • Canada's Housing Sector: What Are We Trying to Achieve?

C.D. Howe Institute events are open to members and their guests. Members can register online by signing in here, or contacting cdhoweevents@cdhowe.org.

Member $250 | Guest $500 | Table of 6 $1,500

Please contact Polina Moskvina, Event Planner, to register or for more information: polina@cdhowe.org

 

AGENDA

8:30am - 9:00am | Reception and Registration

9:00am - 9:10am | Welcoming Remarks

9:10am - 10:25am | Session I - Getting Aligned: Understanding Where We Are & Where We Want To Be

A deep dive into how we measure where Canadian markets currently are, how they are changing, and what they should look like:

· Prices and price indices: What prices do we measure, how do we measure them, and what message do indices bear? What changes have we seen?

· Understanding demographics: How are demographics changing? Who is bidding/buying? What are they buying? Extent of domestic and foreign investment?

· Issues of affordability: What are sensible prices? Where do we fall in comparison to other global cities?

· Mortgages: what changes have we seen in the movement of mortgage activity?

· What do we want these housing markets to look like?

· Derek Holt, Vice President & Head of Capital Markets Economics, Scotiabank Economics

· Gary McIlravey, Manager Market Research, Empire Communities

· Gary Simonsen, Chief Executive Officer, Canadian Real Estate Association

10:25am - 10:45am | Break

10:45am - 12:00pm | Session II - Multiple Objectives

Discussion on what the federal, provincial and municipal governments, and regulators’ objectives are; whether they are meeting these objectives; and how these objectives interact with each other:

· Ontario Fair Housing Plan & British Columbia’s housing strategy

· CMHC 2016

· Mortgage Rules

· OSFI’s B20 + B21

· Interest Rates

· OMB Reform

· Peter Wallace, City Manager, City of Toronto

· Rob Stewart, Associate Deputy Minister, Department of Finance Canada

· Carolyn Rogers, Assistant Superintendent, Office of the Superintendent of Financial Institutions (OSFI)

· Wojo Zielonka, Chief Financial Officer and Senior Vice President, Capital Markets, Canada

Mortgage and Housing Corporation (CMHC)

12:00pm - 1:30pm | Luncheon Keynote

· The Honourable Peter Z. Milczyn, Minister of Housing and Minister Responsible for the Poverty Reduction Strategy, Government of Ontario

1:30pm - 2:45pm | Effects & Potential Risks

There are intentional and unintentional effects of these objectives; what we must understand is what the potential risks are, and whether we can measure the impacts yet:

· How are we / should we measure changes?

· What changes have we already seen?

· Unintended consequences in markets inside and outside of the GTHA and GVA?

· What are the risks in: unregulated market; uninsured market; bubble bursting; bundling of loans; supply side; competition; risk sharing?

· What will the next year / five years / ten years look like?

· Dan Brewer, Former President, Appraisal Institute of Canada

· Andy Charles, President and Chief Executive Officer, Canada Guaranty

· John DiMichele, Chief Executive Officer, Toronto Real Estate Board

· Jaeme Golyn, Vice-President, Equity Research, National Bank Financial

2:45pm - 4:00pm | How Do We Achieve Cohesion & A Strong Housing Market? 

Discussion on what are we trying to solve for, and should be done moving forward:

· Are we trying to: manage household debt; engineer a soft landing; create greater competition; reduce the risk to the government; manage affordability; and/or diversify the economy?

· How can we leverage technology and data to improve policy decisions and responsible

development? What are other jurisdictions doing and how has it helped?

· How can we achieve our goal? Should more be done?

· Matthew Boukall, Senior Director, Residential Products, Data Solutions, Altus Group

· Cherise Burda, Executive Director, Ryerson City Building Institute

· Michael de Lint, Director, Building Regulatory Reform & Technical Standards, Residential

Construction Council of Ontario (RESCON)

4:00pm - 4:10pm | Closing Remarks

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© 2014 C.D. Howe Institute. All Rights Reserved.

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© 2014 C.D. Howe Institute. All Rights Reserved.