Session C4:
Secondary and Mid-Markets That are Increasing in Popularity and are Outperforming Some Gateway Cities
It may come as no surprise to many that some of the lowest commercial vacancy and unemployment rates coupled with highest GDP growth can be found in a number of Canadian mid-market cities. The six largest urban centres in Canada generally attract the strongest attention because of their higher levels of liquidity among other reasons. Why are mid-markets increasing in popularity, especially during the past five years? A growing number of investors and developers are now attracted to the mid-sized communities in their search for value and growth. They have quietly and patiently found many successful opportunities notwithstanding the challenges of limited liquidity in some instances. This session will examine some of their experiences from British Columbia to Atlantic Canada.
Moderator:
Cory Wosnack, Managing Director, Edmonton,
Avison Young
Panel:
Todd Bechard, Executive Vice President, Investments,
Cominar REIT
Maria Duckett, Vice President,
Skyline Commercial Management
Cheryl Fraser, Chief Talent Officer & Vice President, Communications, Crombie REIT
William Martens, Principal,
Marwest Group of Companies
Kevin Salsberg, Senior Vice President, Real Estate,
CT REIT