Canada's Housing Sector: What Are We Trying to Achieve?
Member $250 | Guest $500 | Table of 6 $1,500
Please contact Polina Moskvina, Event Planner, to register or for more information: firstname.lastname@example.org
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