The coronavirus pandemic has impacted the way we work and live in unprecedented ways that are impacting how we consume. These thematics – including the increased use of technology, working from home, and online shopping – are acute in the real estate sector. This session will examine what this means for the asset class opportunities and risks as well as learnings for the whole portfolio. How investors can best combine listed and unlisted opportunities, and balance liquidity, will also be considered.
Jon Cheigh is executive vice president, chief investment officer and head of global real estate. He leads the investment department and oversees the global real estate team, serving as senior portfolio manager for all global real estate strategies. Cheigh joined the company in 2005 as a REIT analyst and has served as a portfolio manager since 2008. He was named head of global real estate in 2012 and was appointed chief investment officer in 2019. Prior to joining the company, Cheigh was a vice president and senior REIT analyst at Security Capital Research and Management. Prior to that, he was a vice president of real estate acquisitions at InterPark and an acquisitions associate at Urban Growth Property Trust, two privately held real estate companies incubated by Security Capital Group. Cheigh holds a BA degree cum laude from Williams College and an MBA degree from the University of Chicago.
Colin Tate has been an investment industry media publisher and conference producer since 1996. In his media career, Tate has launched and overseen dozens of print and electronic publications. He is the chief executive and major shareholder of Conexus Financial, which was formed in 2005, and is headquartered in Sydney, Australia. The company stages more than 20 conferences and events each year – in London, New York, San Francisco, Los Angeles, Amsterdam, Beijing, Sydney and Melbourne – and publishes five media brands, including the global website and strategy newsletter for global institutional investors www.top1000funds.com. One of the company’s signature events is the bi-annual Fiduciary Investors Symposium. Conexus Financial’s events aim to place the responsibilities of investors in wider societal, and political contexts, as well as promote the long-term stability of markets and sustainable retirement incomes. Tate served for seven years on the board of Australia’s most high profile homeless charity, The Wayside Chapel; and he has underwritten the welfare of 60,000 people in 28 villages throughout Uganda via The Hunger Project.
Fuelled by local, the future looks good for North Island real estate – Comox Valley Record
If there’s one thing recent months have emphasized, it’s the importance of local.
Whether it’s helping our neighbours, supporting our community’s growers, shopkeepers and services, or appreciating just what we have here in our own parks and beaches, local matters, says realtor Don Geneau.
After growing up in the Comox Valley, Geneau built a real estate career in Calgary, but was keen to get back to family, friends and the active outdoor lifestyle the North Island offers.
With more than 25 years in the real estate industry, including six here in BC, Geneau and wife Lori joined the 100-per-cent locally owned and operated Parallel 50 Realty last year when their move west became permanent.
“We have our home and family here, we bought a boat and joined the curling club – we’re just enjoying everything the community has to offer,” Geneau says.
And they’re not alone.
The diversity of the community appeals to Geneau, with plenty to offer everyone from individuals investing in their first home to empty nesters.
“It’s the small town feel the Campbell River and Comox Valley communities offer, while still providing all the amenities people need. It’s a great spot to raise a family and it’s a great place to retire.”
Local real estate industry remains strong
It’s a message that’s resonating with home buyers from the Island but also farther afield as people discover the Island lifestyle. And that bodes well for local real estate market in the long term.
“Places like the Island will do very well, and especially smaller communities like Campbell River and the Comox Valley,” says Geneau, a relocations specialist, and multiple award-winner.
We’ll likely see that trend continue now that people are growing accustomed to working remotely.
“In many cases people can live where they want and still pursue their career,” he says, commending local leadership like Campbell River council for a progressive approach in creating a livable community with the amenities people need and want, such as recreation, education and health care.
That emphasis on local resonates with Geneau, who appreciates that Parallel 50 Realty and Property Management specializes in Comox Valley, Campbell River and North Island communities.
“I’ve always been a people person and I enjoy helping people, and I really wanted to serve clients at the local level,” Geneau says.
And that means providing personal, professional service, whether you’re looking at that $200,000 condo or million-dollar waterfront property. “I like working with everyone from first-time buyers to seasoned homeowners, helping them find the home they want, but ultimately one that’s also a solid investment.”
Meet Violetta Hurko – Quesnel's Real Estate Matchmaker – mycariboonow.com
Matchmaker, matchmaker, make me a match… find me a home… catch me a catch!
Oh, oh. Now you’ve got this song stuck in your head. But all joking aside, local realtor, Violetta Hurko loves to do just that! Match her clients with the perfect home!
“I am not a salesperson, I am a matchmaker,” says Violetta, a realtor with Royal LePage Aspire Realty in Quesnel. “I match great people with great houses,” then adds, “My philosophy in real estate is simple: I introduce people to many houses, and then I work hard to match them with the home that is perfect for them.”
And just like a REAL matchmaker, Violetta exudes warmth and enthusiasm when it comes to helping people achieve their dream of becoming happy and proud homeowners.
Her backstory? After 12 years in the real estate industry in the lower mainland, Violetta discovered a place of breathtaking scenery, a friendly community atmosphere, and the comfortable small-town feel of the interior of British Columbia. In August of 2017, she made the move to the beautiful City of Quesnel. And, as of today, she has 15 happy years of successfully matching homes to people in the real estate industry.
Violetta’s specialty is relocation – helping out-of-town homebuyers from BC’s Lower Mainland, or anywhere else, familiarize themselves and fall in love with the laid-back lifestyle of Quesnel. She’s even helped several clients purchase the perfect home, sight unseen!
First time homebuyers are a thrill because she can put her extensive knowledge of the Quesnel market to use and help them navigate the whole home buying experience, while matching them with a home that meets their needs.
And, to make your home buying or home SELLING experience as smooth and as seamless as possible, Violetta’s real estate matchmaking extends to include an expert team of lenders, mortgage brokers, inspectors and attorneys.
Another aspect of real estate that Violetta excels at is the marketing and promotion of your property. She is well known for her knowledgeable, in-depth videos, accurate and appealing descriptions, and, most importantly, for her integrity and honesty.
She’s known to be flexible, easy to work with, and always has your best interest at heart. All the makings of the perfect real estate matchmaker!
Real estate matchmaking services Violetta Hurko provides:
Relocation specialist, who helps out-of-town home buyers
First time home buyer specialist
Home seller specialist
Marketing and promotion specialist
An outstanding support team of lenders, inspectors, and attorneys
Honesty and integrity in all transactions
In-depth Quesnel market assessment and knowledge
Getting to know Violetta Hurko:
Moved to Quesnel June 2018
Originally from Poland (speaks fluent Polish). She spent her early years in Ontario
Moved to the Lower Mainland and enjoyed 12 years of real estate success
Attended both the University of British Columbia (UBC) and BCIT
Member of the Quesnel Rotary Club
A supporter of many local Quesnel initiatives
Violetta is your perfect match when it comes to real estate buying, selling, and investing in Quesnel and the Cariboo district.
Contact Violetta Hurko today at Royal LePage Aspire Realty in Quesnel and get your perfect home match started tomorrow.
Matchmaker, matchmaker, make me a match with Violetta Hurko’s contact info!
Royal LePage Aspire Realty
395 Kinchant Street
Quesnel, BC V2J 2R5
Cottage real estate market heats up with more Canadians working remotely – CTV News
While the COVID-19 pandemic has damaged much of the Canadian economy, there is one market that appears to be thriving: the cottage industry.
Ontario realtor Catharine Inniss of Cottage in Muskoka Real Estate told CTV New Channel on Sunday that the cottage market in the province has “been really, really speedy” in the last few months.
“We had a delayed market for a while but now it has completely sped up and surpassed every other year though that real estate has been in existence up here,” Inniss said in an interview from her home in Port Carling, Ont.
Inniss, who represents the Muskoka, Haliburton, Orillia and Perry Sound regions, said she started to see a surge in May of people living in the Toronto area expressing interest in buying cottages.
“We were hearing that there was pent up demand. It’s been a seller’s market, meaning that there are not enough properties for the number of buyers that we have for the last several years, but it’s just been more extreme this year,” Inniss explained.
However, Inniss said she expected the increase in cottage purchases this year.
“We were hearing stories about people living in condos in the city, and not being able to get out anywhere to a public park, even being concerned about walking on the sidewalk so we thought if anybody’s been thinking about it, then now would be the time that they would be pursuing buying a cottage,” Inniss said.
With many people now working from home, Inniss said they’ve realized they can now work from anywhere as long as they have a decent Wi-Fi connection.
“There’s so much more telecommuting now, I think employers have gotten past the idea that it’s not productive and found out that it’s very productive,” Inniss said. “So people might be turning to having a place that they can come to on occasion in Toronto, in a city, and then living up here [in cottage country].”
Inniss said the uncertainty of the stock market amid the pandemic has also pushed Canadians to reconsider what they are investing their money in.
“I think people started thinking that they want something more solid and being able to enjoy your investment and live and work in your investment,” she explained.
While purchasing any property may still be out of reach for those financially impacted by the pandemic, Inniss said Canadians’ travel budgets could provide the start of a down payment.
She added that a halt on travel also has Canadians looking to spend more time exploring their own backyard.
“They’re interested in the experience of enjoying the Canadian forest, our beautiful lakes… the whole experience, and they also are wondering what they will be doing with their travel budget,” Inniss said. “It’s a question mark when people will be able to travel again and I think people are looking at investing in real estate here rather than further south.”
For those currently looking to purchase a property in cottage country, Inniss recommends potential buyers work with a realtor in the area, rather than an agent from the city.
“We hear lots of sad stories and sometimes horror stories about [people] bringing in agents from other areas that don’t know how to go about being successful in real estate purchases here,” Inniss said.
“If you have an association with an agent say in the city or wherever you live, then you could always get a referral to an agent. They can help you do your homework and find a good agent here.”
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