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Real Estate Management
- REM 300 - Introduction to Real Estate ManagementCourse DescriptionThis 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. Prior completion of Grade 12 mathematics or equivalent is strongly recommended.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00
- REM 400 - Real Estate FinanceCourse DescriptionThe 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.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Antirequisites:FIN 707
- REM 420 - Sustainability in Real EstateCourse DescriptionThis 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.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Prerequisites:REM 300
- REM 500 - Real Estate Development and Project MgmtCourse DescriptionReal 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.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Antirequisites:PLE 635
- REM 520 - Real Estate EconomicsCourse DescriptionIn 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.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00
- REM 600 - Housing and Construction ManagementCourse DescriptionThe 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.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00
- REM 620 - Real Estate Investment AnalysisCourse DescriptionThis course extends the techniques learned in REM400 to study the nature of credit and interest rate risk in mortgages, the management of real estate portfolios and the means of hedging risk in such portfolios through the use of derivative securities. Students will learn (i) contingent claims methods to value risky mortgage loans, (ii) the use of arbitrage pricing theory to value mortgage securities and (iii) equity investment methods in income-producing properties.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Prerequisites:REM 400
- REM 660 - Real Estate Strategic ManagementCourse DescriptionThis course explores the principles and practices of strategic planning and management in the context of real estate. The course delves into the development and execution of effective strategies to maximize the value of real estate assets, adapt to changing market conditions, and achieve long-term organizational goals. Through case studies, discussions, and practical projects, students will gain insights into real-world strategic challenges faced by real estate managers and develop the skills needed to make informed strategic decisions.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Prerequisites:REM 400
- REM 680 - Special Topics Real Estate ManagementCourse DescriptionThis course explores special topics or themes that are relevant to the Real Estate Industry. It may have different content whenever it is being offered. The subtitle will reflect the topic of the course for that year. Students can take this course up to three times as three different topics. See teaching department for consent criteria.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00
- REM 700 - Real Estate ValuationCourse DescriptionThis course provides students with a comprehensive understanding of property valuation. The course describes the three major approaches to estimating real property value: market (or sales) comparison, the income approach, and the cost 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.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Prerequisites:REM 300
- REM 750 - Real Estate Research MethodsCourse DescriptionThe 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.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00
- REM 770 - Global Real EstateCourse DescriptionCross-border real estate investment brings with it risk, uncertainty and diversification opportunities. In this course, we will examine real estate markets in various world regions including Europe, North America, Africa and the Asia-Pacific region. The course includes experiential learning and discussion of key theories pertinent to international trade and investment/development as we explore how institutions, global capital and culture among other factors shape cross-border real estate investment.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Prerequisites:REM 400
- REM 800 - Real Estate Project CapstoneCourse DescriptionThis 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.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Custom Requisites:Available only to Business Management - Real Estate Mgmt or Real Estate Mgmt Co-op students
- REM 805 - Real Estate Management Research ProjectCourse DescriptionThis course provides students with the opportunity to pursue advanced studies on a particular research question in real estate management. Working closely with a faculty member, students will work through the major stages in the research process: conducting a literature review, assembling a dataset, performing empirical analysis, and writing a paper. The topic and structure of the course will vary in response to changes and trends in the field, and student and faculty interest. See teaching department for consent criteria.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00
