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President's Message

"A leader is one who knows the way, goes the way, and shows the way." - John C. Maxwell

The first few months of 2016 have been a busy time for the Chapter.  In our ongoing efforts to fulfill our mission – to advance professionalism in the real estate industry:
  • We’ve set aside $20,000 to establish a Scholarship Fund.  We’re looking for dedicated, energetic members to assist us in completing the eligibility criteria and guidelines for the scholarship so we can provide details to our members in a timely way.   If you have a keen interest in helping individuals reach their educational goals, please contact us at 403-244-4487.
  • Our Education Committee has coordinated a full schedule of courses for 2016 to support your pursuit of REIC and IREM designations. To check out what’s available, see our Education Report in this newsletter or visit our website at:
  • Our well-attended luncheons continue to inspire us with engaging guest speakers. If you have a specific topic you’d like us to cover, please contact us at  or 403-244-4487.

REIC Calgary Chapter AGM  -  April 21, 2016:
This is our opportunity to report the activities of the Chapter to members and elect a new board.  It’s also an opportunity for members to get involved with the Chapter.  Hone your leadership skills by volunteering with the Chapter.  Build your network and expand your industry expertise and knowledge at the same time. 
REIC National AGM & Conference, in Ottawa -  June 7 - 9, 2016:
This conference remains a premiere event for REIC members and is not to be missed.  Connect with industry professionals from across Canada and enjoy a very engaging and informative program with many excellent social and networking events.   Make industry contacts, meet and discuss issues, and share information with your contemporaries from across Canada.  Registration will be available soon at
ARC  (ACMA  -  CCI  -  REIC) Conference  -  September 6 & 7, 2016:
REIC Calgary Chapter will be participating again this year in the joint conference along with the Alberta Condominium Manager's Association (ACMA) and the Canadian Condominium Institute (CCI) South Alberta Chapter.   This is the fourth year for the conference which is designed for all who deal with condominiums – owners, realtors, managers - and will offer interesting and informative speakers, networking opportunities, educational seminars, exhibits and much more.  We’ll be providing more information on this as arrangements for the conference are finalized.
IREM – Fall Leadership Conference, in San Diego  - October 18 – 22, 2016:
Join your peers in San Diego, California for IREM’s upcoming 2016 Fall Leadership Conference. This is the only industry event designed to meet the challenges and needs of both multifamily and commercial real estate managers.  The conference is designed to invigorate your leadership skills, offer ample networking opportunities and give you the education you need to develop new business.   Part of the conference will feature the inauguration of Michael T. Lanning, CPM, as the 2017 IREM President at the inaugural gala event on October 21.  Check IREM’s website when registration opens in March
As always, the Calgary Chapter is interested in your feedback and suggestions as we move forward.  If you have any suggestions, comments or would simply like to become involved with the Chapter, please contact our Chapter Administrator, Erika Holter at or 403-244-4487.


Upcoming Calgary Courses

RES: Successful Site Management
DATE: May 6, 7, 13, 14, 20, 2016
This course covers trends and issues that affect the housing industry and teaches proven multi-family housing management skills with a focus on high standards of more.
Meets program requirements for: ARM®

HRS 402: Leadership and Human Resources
DATE: October 3 & 4, 2016
This course is designed to cover ten essential elements of dealing with employees and managers.  Course content includes managing managers, more
Meets program requirements for: CPM®,  ACoM

MKL 405: Marketing and Leasing Multi-family Properties
DATE: October 5 & 6, 2016
This course will allow students to gain a clear advantage over competitors by knowing how to position properties in the market to attract and retain new tenants. Designed to help property managers more
Meets program requirements for: CPM®

MKL 406: Marketing and Leasing Office Buildings
DATE: November 7 & 8, 2016
Because demand for office space is affected by many factors, such as the economy and the local marketplace, that impact all business owners, expert marketing and leasing skills are essential to keep your operation ahead of more
Meets program requirements for: CPM®,  ACoM

CID 201: Successful Condominium Management
DATE: 2016 TBD
This course is designed for managers of condominiums -residential, office, co-op or planned unit developments. Students learn strategies to confidently manage the day to more.
Meets program requirements for: ARM®


Programming Committee Report


At our January 21, 2016 luncheon, our guest speaker Todd Hirsch provided us with an Alberta Economic Forecast for 2016.  The luncheon was well attended and the membership enjoyed the engaging presentation on "What are the odds of a rebound in the Alberta Economy?"

The forecast includes a slow economic recovery for Alberta in 2016 with a modest price increase to oil, increased unemployment, net-out migration and real estate price decline.

Mr. Hirsch’s presentation included details on the odds or chances which includes:
  • The odds of $45 a barrel oil in Alberta before the end of 2016 at 3 to 1 and that the second half of 2016 will see some stabilization and modest recovery in price.
  • The odds of Net Provincial out-migration at 2 to 1 as other options in the Canadian economy are not as positive. British Columbia has lead growth in Canada, specifically in the lower mainland driven by tourism and construction
  • The odds of a collapse to the economy in China are a roll of the dice at 6 to 1 due to instability in the stock market.  The economic success of China has the greatest impact to Alberta.
  • The odds of the Bank of Canada raising interest rates 0.5% are 15 to 1 and most likely there will be no increase in interest rates until 2017.

Alberta started 2015 with a 4% unemployment rate and the overlook for 2016 could see the unemployment reach 8%, not witnessed in Alberta since 1993.  Mr. Hirsch gives the odds of 8% at 4 to 1.  The economic impact in 2016 is primarily to the energy sector while in 2008 the economic impact was to various business sectors.
Alberta will see modest economic recovery during 2016 and Mr. Hirsch gives this odds of 2 to 1.  Economic diversification in Alberta are given odds of 1 to 1 that might result from the shrinking oil patch and increase the availability of talented people.  The conditions in Alberta are right for organic diversification as costs are lower and there is more available office space.
The impact of current economy to the real estate market in Alberta will be felt in reduced prices and will be felt greater in Fort McMurray and less in Edmonton.  Mr. Hirsch places the odds of a housing market down turn seeing prices down between 5% and 10% at 3 to 1, while the odds of a prices down 20% at  7 to 1.  Mortgage rates at 4% and two income families will limit mortgage defaults and reduce the waves of inventory.

"We can choose to be the Alberta that doesn't let the world happen to us, but the one the takes our destiny in our own hands and acts" - Adam Legge, The Calgary Chamber of Commerce

The REIC Calgary Chapter board continues to work with the City of Calgary, Building Regulations Department and has been participating on the Building Maintenance Bylaw Stake Holder Work Group, and:
  • The City has presented a preliminary evaluation template to assist in assessing whether/when a ‘professional’ should be called in to inspect, and then discussion ensued to the effect of some laymen ‘don’t know what they don’t know’, and that there are many issues with building cladding known to engineers that may not be detectable on a casual inspection.  (Note, I crossed off the cosmetic point – the engineers wanted to keep it clear that this is an exercise related to structural items) 
  • A 3 point ranking system has been recommended, that should include details of the type of cladding the building has, and then ‘known issues’ with the applicable cladding can be circulated to building owners so they know what to look/inspect for, and this may also determine at which point they hire professionals 
  • The City said that education, and ongoing education, was definitely going to be part of their plan 
  • An in-house inspection is most likely to be acceptable.  The City is also looking at developing an on-line tool/checklist for use to evaluate and assess building conditions, and this will funnel down into the Ranking Evaluation Sheet
The REIC Calgary Chapter will continue to work with the City of Calgary and provide updates as this process moves forward.
Our 2016 luncheon topics will include:
  • April 21, 2016 – 2016 Annual General Meeting
  • June 23, 2016 – Patrick Walters, Economist with the City of Calgary, will deliver a presentation on the Calgary 10 Year Growth & Economic Forecast.

Membership Report

Since the fall of last year the Calgary Chapter of REIC has seen stability in both new additions to our membership/candidate base and in net growth to standing at 191 members in good standing. However, going into the end of the first quarter of 2016 we do have a larger than normal number of members in arrears. As of February 5, 2016, we had collected less than two thirds of the dues owed. Some of this may be attributable to the new online mandatory payment approach. While many of these members may become current, there is a good possibility that we could lose 5-10% due to retirement, leaving the industry or for other reasons. In 2015 we lost 17 members for a variety of reasons. As a proactive Chapter Board, we will be contacting all of the members/candidates who are in arrears, to ensure that they are aware of the benefits of membership. Last year we did lose a long term member and past Director of the Calgary Chapter, Jack Reid, who many of you would know from his sterling attendance at meetings/luncheons.

There are currently 20 candidates who are enrolled for IREM designations, the vast majority being for the CPM. We do, however, have our first ACoM candidate and will be helping him progression towards his designation as we bring more courses to Calgary. The CRP designation also has five candidates enrolled, with several close to completing their course requirements. Nationally the FRI group represent about 30% of total designations, and we do have a single candidate working her way through the program.

As a Board we always on the lookout at adding members to our base by seeking opportunities to raise the awareness of who REIC is and what the benefits of being a member can be, to all participants in the real estate industry. We have three pillars of members; those in sales and leasing, those in property management and lastly those involved in financing real estate undertakings. We have in the past and will continue into the future, connecting with high school students, by attending their Career Fair days. This gives us an opportunity to “plant the seed” of real estate and clarify that it is about more than just making money.

In conjunction with National Office there will be seven courses either already delivered or offered over the balance of this year in the Calgary region. Additionally, we have some companies that have arranged “in house” training with National Office driven courses. We are always surveying the demand for courses and endeavour to bring as many to Calgary as is feasible to meet our future members needs.

The Canada-Alberta Job Grant

The Canada-Alberta Job Grant is an employer-driven training program.  The Canada Job Grant is part of the Government of Canada and Government of Alberta’s commitment to help address skills mismatches and ensure that employees are being trained in high-demand areas. This means that employers decide on who gets training and what type of training may be needed for new and existing employees. Employers are required to use a third-party training provider to deliver the formal training either onsite, online, or in a classroom setting.  It's open to both private and non-profit sector employers.

You may want to look into this to complete your REIC designation or other job-related programs.

Further details are available at
Copyright © 2016 REIC Calgary Chapter, All rights reserved.

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