	For Wednesday February 18th, 2004
8:00	REGISTRATION
	CONTINENTAL BREAKFAST BUFFET
9:00	WELCOME AND INTRODUCTION
	A welcome to delegates. What is the national overview of the Canadian Multi Residential Investment Industry?
	Blake Hutcheson, Chairman & President, CB Richard Ellis Limited
9:10	2003 APARTMENT SALES - WHAT DOES IT MEAN?
	This presentation gives an overview of the Montreal Apartment Investment market including the relevant sales in the greater Montreal area for 2003. The discussion includes cap rates, trade volume and highlights of specific trades.
	Germain Villeneuve, Affiliated Real Estate Agent, CB Richard Ellis Québec Limitée
9:40	CMHC - MONTREAL RENTAL MARKET: IS A TURNAROUND UNDERWAY?
	Come and get detailed results of the latest CMHC Rental Market Survey. Take stock of the recent changes in the vacancy rates and average rents for the different sectors in the Greater Montreal area. See how the supply of new multiple housing is responding to the current context, in terms of rental, condominium and retirement home projects.
	Paul Cardinal, Market Analyst, CMHC
10:30	REFRESHMENT BREAK

11:00	HOW CAN YOU IMPROVE INSURANCE COVERAGE?
	Learn what are the principle factures that influence the availability and pricing for apartment building insurance.
	Gil Cardinal, President and CEO GroupAssur Inc.
11:30	CITY OF MONTREAL
	What is the state of Montreal’s rental housing stock? What does 2004 have in store for Montreal’s housing assistance programs? Does the City’s partnership approach have a leverage effect on the market?
	Suzanne Chantal, Planning Consultant Direction de l'Habitation, City of Montreal
12:00	LUNCH AND EXHIBITION MARKETPLACE

1:30	INDUSTRY ROUND TABLE
	Roundtable discussion of topics affecting investors in Montreal: This includes political climate, cap rates, financing, vacancy rates, rents, rental board issues, laws, threats to market, and their long-term view on the Montreal market.
	Moderator: Brett Miller, Senior Managing Director, CB Richard Ellis Québec Limitée Panel: Ugo Bizzarri, Vice President Acquisitions, Timbercreek Jean Denis, Vice President, Quebec Acquisitions Boardwalk Equities (Quebec) Inc. Remi Beaudry, Associate, Cromwell Management Jason Lester, Vice President, Asset Management ResREIT Louis-Joseph Papineau, Vice President, Development and construction, La Corporation Proment
2:15	WHAT ARE THE BENEFITS OF A CMHC-INSURED REFINANCE LOAN?
	Last June, CMHC launched a brand new mortgage refinance product for rental properties and retirement homes. This insurance product offers many advantages to borrowers, including the opportunity to take out their equity, the possibility of getting a partial credit for the previously paid CMHC insurance premium, and increased flexibility to refinance a loan before the end of the term in order to benefit from favourable financing conditions. Using concrete examples, Jacques Pelletier will present the new CMHC refinance product and the benefits that an informed investor could not ignore.
	Jacques Pelletier, Manager, Business Development, Mortgage Insurance - Multiples, for the Quebec Region CMHC
2:45	REFRESHMENT BREAK

3:15	THE MONTREAL HOUSING CRISIS: WHAT ARE THE SOLUTIONS?
	Academics and social activists have blamed the Montreal housing crisis on new demographic trends, public housing spending cuts and growing poverty. The only explanation that stands up to scrutiny, however, is that a number of government policies have distorted the proper workings of the province’s housing market. What then would be the likely effects of the abolition of policies such as rent control? This and other topics will be examined in light of Canadian, American and European experiences.
	Pierre Desrochers, Assistant Professor and Associate Researcher with the Montreal Economic Institute
4:30	CONCLUDING REMARKS AND DOOR PRIZE DRAW

4:35	NETWORKING RECEPTION