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REM
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300
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Introduction to Real Estate Management
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This first course in real estate introduces students to the nature of real estate and real estate markets. A broad range of real-estate related topics is introduced, including basic real estate economics, basic real estate legal principles, valuation techniques, mortgage mathematics, property management, buying and selling and leasing. Students will learn the basic concepts associated with purchasing a real estate property in Canada.
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Lect: 3 hrs.
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GPA Weight: 1.00
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Billing Units: 1
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REM
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400
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Real Estate Finance I
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The first main topic in real estate finance is mortgages. Students learn how mortgage markets work and how to perform basic and intermediate mortgage calculations and analysis. The second topic is the valuation of income-producing real estate properties. Students will learn the standard techniques used by investors in valuing a property, including making projections of rents, expenses, taxes and mortgage debt servicing, and basic discounted cash flow, net present value and net effective rent calculations.
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Lect: 3 hrs.
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| Prerequisite: FIN 300; Antirequisite: FIN 707
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GPA Weight: 1.00
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Billing Units: 1
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REM
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420
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Sustainability in Real Estate
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This course will introduce students to real estate in the context of global pressures to reduce our collective impact on the planet. Topics covered will include energy, carbon, water, materials and biodiversity footprints of buildings and communities, social handprints, responses to those pressures from governments, NGOs and industry itself, best practices, and leading innovations in real estate. Green building systems will be considered, as well as hard metrics, and the future will be debated.
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Lect: 3 hrs.
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| Prerequisite: REM 300
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GPA Weight: 1.00
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Billing Units: 1
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REM
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500
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Real Estate Development and Project Mgmt
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Real estate development is the process of creating new real estate properties. Students will learn the roles of the key players in this process, including municipal governments, property developers, architects, contractors and others. They will learn how the project is managed, from the inception of the idea, to market research, design, public sector approval, contract negotiation, construction and marketing. Students will learn the nature of development risks and techniques to manage development risk.
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Lect: 3 hrs.
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| Prerequisite: REM 300
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GPA Weight: 1.00
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Billing Units: 1
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REM
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520
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Real Estate Economics I
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In this course students study a variety of economic concepts that are critical to understanding how real estate markets function. Topics include firm and household location decisions, the factors affecting the demand and supply of real estate, the role of local governments in real estate markets, and urban structure, function and growth.
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Lect: 3 hrs.
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| Prerequisites: ECN 104 and ECN 204
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GPA Weight: 1.00
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Billing Units: 1
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REM
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600
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Housing and Construction Management
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The focus in this course is the housing market, including condominiums, single-family homes and large land development projects. Topics in this course include demographic analysis, housing design, site planning, public relations and the municipal approval process. Particular attention is paid to the physical structure of residential properties and the management of the construction process.
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Lect: 3 hrs.
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| Prerequisite: REM 500
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GPA Weight: 1.00
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Billing Units: 1
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REM
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620
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Real Estate Finance II
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This second course in real estate finance extends the techniques learned in REM400 and applies them to the project development context. Students will learn how to evaluate whether a new real estate development or investment property purchase is appropriately profitable. In addition, students will be introduced to the advanced topics of mortgage-backed securities, real estate investment trusts and real estate portfolio analysis.
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Lect: 3 hrs.
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| Prerequisite: REM 400
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GPA Weight: 1.00
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Billing Units: 1
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REM
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660
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Real Estate Strategic Management
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Real estate is managed at the property level by property managers, at the asset level by asset managers, and at the portfolio level by portfolio managers. Asset managers make decisions relating to leasing, capital improvements and financing for a single property. Real estate portfolio managers allocate financial resources, manage property risk, and supervise transactions across a portfolio of properties. This course introduces students to the key concepts across these levels of real estate management.
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Lect: 3 hrs.
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| Prerequisite: REM 500
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GPA Weight: 1.00
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Billing Units: 1
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REM
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700
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Real Estate Valuation
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Much of the wealth created in real estate is by individuals and corporations who can add value to a site or building. What is this process and how is value determined? Students will learn the three approaches to valuation: the sales comparison approach, the cost approach and the income approach. Through these processes, students will develop an appreciation of the components of value and how value can be impacted by a variety of elements, and how value can be added.
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Lect: 3 hrs.
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| Prerequisite: REM 400
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GPA Weight: 1.00
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Billing Units: 1
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REM
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750
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Real Estate Economics II
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The focus of this course is on conducting real estate research as it would be done by developers or real estate consultants. Students will learn the key sources of information for this research and the basic analytical techniques for a wide range of property types.
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Lect: 3 hrs.
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| Prerequisite: REM 520
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GPA Weight: 1.00
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Billing Units: 1
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REM
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800
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Real Estate Project Capstone
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This final course in real estate unites topics covered in earlier real estate courses. A focal point of the course is a large group project that combines financial analysis, management topics, economics, government and policy issues, sustainability, and legal issues, implemented using quantitative analysis, strategic analysis, successful teamwork and effective written and oral communication. Current issues in the real estate market will be addressed through the use of guest speakers from industry.
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Lect: 3 hrs.
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| Prerequisite: REM 400 and REM 500 and Only available to students Majoring in Real Estate Mgmt.
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GPA Weight: 1.00
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Billing Units: 1
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