info suisse June-July 2013 - Chambre de Commerce Canado



info suisse June-July 2013 - Chambre de Commerce Canado
Publication of the Swiss Canadian Chambers of Commerce Ontario and Quebec
Publication des Chambres de Commerce Canado-Suisse de l’Ontario et du Québec
June/July juin/juillet 2013
Real Estate/Immobilier
Créez votre café préféré avec
Publication of the Swiss Canadian Chambers of Commerce Ontario and Quebec
Publication des Chambres de Commerce Canado-Suisse de l’Ontario et du Québec
Real Estate/Immobilier
Comparison of House Prices, Mortgages and Property Taxes Between
Canada and Switzerland
The Case For Real Estate
L’importance de la vérification diligente dans le cadre d’une
acquisition immobilière
Comment se porte l’immobilier canadien à travers les quatre plus grandes villes
du Canada, Montréal, Toronto, Calgary et Vancouver ?
Real Estate Law In Ontario: A Primer
Educating Through Innovation
Ownership of U.S. Real Estate
Heat Stress Plans
Business News
Karin’s Performance Solutions:
Do You Challenge Yourself to Think Differently?
Tribeca Insights: Gold, American Jobs
and European Recession
Travel News
Trade Fairs
President’s Message SCCC/Upcoming Events
Message du Président CCCS / Evénéments
Quote of the Month
SCCC New Members
Scholarship Fund
Visite de la Secrétaire d’État à l’Économie
de Suisse au Canada
SCCC Group Health Plan
Highrise Condo Construction
Swiss Canadian Chamber of Commerce (Ontario) Inc.
756 Royal York Road • Toronto, Ontario M8Y 2T6
Tel: (416) 236-0039 • Fax: (416) 236-3634 • E-mail: [email protected] •
BOARD OF DIRECTORS • 2013 – 2014
President / Director:
Ernst Notz
2 Hunter Avenue, Toronto ON M6E 2C8
Tel: (416) 784-2872
Email: [email protected]
1st Vice-President/Director:
Julien Favre
154 University Avenue, Toronto ON M5H 3Z4
Tel: (416) 345-7033
Email: [email protected] Website:
2nd Vice-President/Director:
Mirko Capodanno
Switzerland Tourism
480 University Avenue, Suite 1500
Toronto, ON M5G 1V2
Tel: 416-695-3375 Cell: 416-841-6644
Email: [email protected] Website:
Treasurer/ Director:
Monica Stevens-Wyss
Trowbridge Professional Corporation
25 Adelaide St. E.; Suite 1400; Toronto, ON M5C 3A1
Phone: (416) 214-7833 ext.104
Email: [email protected] Website:
Secretary & Legal Counsel:
Bernard Lette
Lette LLP
20 Queen Street West, #3300, P.O. Box 33, Toronto ON M5H 3R3
Tel: 416-971-4898
Email: [email protected] Website:
Past President / Director:
Philipp Gysling
Mesh Innovations Inc.
174 Hallam Street, Toronto ON M6H 1X5
Tel: 416-871-8159
Email: [email protected]
Babette Baars
Marché Restaurants Canada Ltd.
8 King Street East, Suite 838, Toronto, ON M5C 1B5
Tel: 647-341-1444 Cell: 647-969-1445
Email: [email protected] Website:
Rudi Blatter
Lindt & Spruengli (Canada) Inc.
181 University Avenue, Suite 900, Toronto ON M5H 3M7
Tel: (416) 351-8566
Email: [email protected] Website:
Heidy Lawrance
238 Willowdale Ave., North York ON M2N 4Z5
Tel: 416-733-1827
Email: [email protected]
Sandra Leuba
RBC Wealth Management
CINEBOXX Film & Television Inc.
136 Curzon Street, Toronto ON M4M 3B5
Tel: 416-616-4251
Email: [email protected]
Ronnie Miller
Hoffmann-La Roche Ltd
2455 Meadowpine Boulevard, Mississauga ON L5N 6L7
Tel: 905-542-5522
Email: [email protected] Website:
Christoph Oehy
Swiss Reinsurance Company
150 King Street West, Toronto, ON M5H 1J9
Tel: 647-775-2443
Email: [email protected]
Daniel Oehy
35 East Beaver Creek Rd, Unit 6, Richmond Hill, ON L4B 1B3
Tel: 905-764-1121
Email: [email protected] Website:
Urs Uhlmann
400 University Avenue, 25th Floor, Toronto ON M5G 1S7
Tel: (416) 586-2959
Email: [email protected] Website:
Andrea von Moeller
B2-125 The Queensway; Toronto ON M8Y 1H3
Tel: (416) 907-8012
Email: [email protected]
Honorary Director:
Bernadette Hunkeler
Consulate General of Switzerland
154 University Avenue, Suite 601, Toronto ON M5H 3Y9
Tel: 416-593-5371
Executive Assistant:
Patricia Keller Schläpfer – SCCC
756 Royal York Road, Toronto ON M8Y 2T6
Tel: (416) 236-0039 Fax: (416) 551-1011
E-mail: [email protected] Website:
Typesetting and Assembly: Nancy Raitt @ corptype
Printed by: J. B. Deschamps
Dear Members,
How time flies! The last president’s message that I wrote dates
back to April/May 2009 and a lot has happened since that
spring. So, why did I accept a new term? I truly enjoyed the
various engagements with our loyal members and other business
organizations during my first term. Now, I appreciate to have this
new opportunity to continue to support our Canadian and Swiss
business partners and our committed colleagues on the board.
We believe that our Chamber has made some progress over time
and – considering we all do our work on a voluntary basis – we are
pleased to continue to offer some services and host events that
you will hopefully appreciate.
SCCC has big plans: as our past president, Philipp Gysling, who just chaired two interesting
years (thank you Philipp for your engagement) has outlined in the February/March 2013
issue, we will have to step up to fill some of the functions provided by the Consulate
General in Toronto. I am still digesting the hard to understand closure of this local office
and I have personally fought this short- sighted decision made by EDA Switzerland also in
my other function as the delegate of the Swiss living abroad. It is incomprehensible how
an important growing marketplace with the well-known Toronto Stock Exchange especially
known for mining/natural resources is not appreciated enough. It sends out the wrong
message by our politicians back home that do not seem to understand what is happening
in this largest Canadian city and overall in this great country of Canada. Nevertheless, we
are all “ambassadors” of our home country in one way or another and we will continue
here to show with pride our Swiss flag.
The feature of this edition is about Real Estate. It will elaborate on the booming market
place and prices. Canada has a lot of space left and plenty of room to continue to prosper,
build and expand. The 39,000 Swiss people (thereof 3,500 in Toronto alone) living in
Canada and its related businesses appreciate and enjoy the diversity and freedom and
most of us own real estate property in this beautiful country. A special “thank you” for the
hard and dedicated work goes out to the “info suisse” teams for producing this magazine
both in Toronto (SCCC) and Montreal (CCCS). Hans Munger did a great job as the past
capable leader to enhance our mutual publication. Both Chambers continue to enjoy a
great mutual relationship.
Now that the Stanley Cup hype in both cities is over we will have more time to see each
other at the many events (see below and please visit our website) that we have already
started to prepare. I am looking forward to seeing you all soon!
Most sincerely,
Ernst Notz, President
June 18
Golf Tournament with the German Chamber at Carrying Place
July 11
Swiss Night on the Patio
August 20
Pub Night with the British Chamber
September 4
Spousal Event at the Royal Canadian Yacht Club
October 8
Swiss Night
November 16
Gala Dinner Dance at the King Edward Hotel
December 10
Fondue Night
Further Information can be found on
Dates above are subject to change
La Chambre de commerce canado-suisse (Québec) Inc.
Swiss Canadian Chamber of Commerce (Quebec) Inc.
1572 Avenue Docteur Penfield, Montréal, Qué. H3G 1C4 • Tél: (514) 937-5822 • Fax: (514) 954-5619 • E-mail: [email protected] • Web site:
2012 – 2013
Chères et chers membres,
Président / President
Ce numéro d’Info-Suisse vous arrivera à la fin du printemps et au
tout début de l’été. Même si nous arrivons à la fin d’une saison
d’activités de notre Chambre, nous allons nous engager dans
quelques mois qui seront très actif pour nous, mais surtout dans
une période qui amènera d’importants changements.
Mr. Jean Serge Grisé
Directeur, Communications et Affaires publiques
Fondation Lucie et André Chagnon Conseiller en affaires publiques
Tel: 514.380.2001, # 1058
E-mail: Grisej[email protected]
Secrétaire / Secretary
Me Monica Schirdewahn
Avocate / Lawyer
Lette & Associés
Tel: 514.871.3838, # 213
E-mail: [email protected]
Vice-présidents / Vice-Presidents
Mr. Bruno Setz
Tel: 514.767.5123
E-mail : [email protected]
Mr. Olivier Rodriguez
Gestionnaire de portefeuille
Mirabaud Canada Inc.
Tel: 514.393.1690
E-mail : [email protected]
Trésorier / Treasurer
Mr. Othmar Widmer
Consultation Widmer
Tel: 514.290.4822
E-mail: [email protected]
Directeurs / Directors
Mr. Jacques Demont
Managing Director
Tel: 514.287.1222
[email protected]
Mr. Christian G. Dubois
Conseiller de la Ville
Ville de Montréal (Arrondissement Pierrefonds-Roxboro)
Tel: 514.624.1488
[email protected]
Me Jean-Marc Ferland
Ferland, Marois, Lanctot
Tel: 514.861.1110
E-mail: [email protected]
Mr. Moritz Gruber
Tel: 450.567.2237
E-mail: [email protected]
Mr. Olivier Schlegel
Consultant agro-gastronome
E-mail: [email protected]
Mr. Patrick Veenhuizen
Conseiller de développement, financement et conseils stratégiques
CLD Beauharnois-Salaberry
Tel : 450.373.2214, poste 132
E-mail : [email protected]
Mr. Paul Wieser
PDG pour le Canada
Busch Vacuum Technics Inc.
Tel: 450.435.6899
E-mail: [email protected]
Avec certains membres de notre Chambre, nous avons commencé
un processus de consultation qui nous permettra de mieux
comprendre les besoins de ceux et celles qui forment notre
Chambre. Notre membership change et nous voulons accélérer le virage « affaires » de la
Chambre qui a été commencé il y a quelques années.
Nous allons donc présenter à nos membres lors de notre prochaine assemblée générale
annuelle quelques idées nouvelles et nous les mettrons en place le plus rapidement
Un exemple de ce qui sera proposé est le petit-déjeuner qui s’est tenu le 3 mai dernier
et dont vous trouverez le compte-rendu dans ce numéro. La CCCSQ s’est associée à une
organisation bien en vue, le Conseil des relations internationales de Montréal (CORIM),
pour présenter une allocution de la Secrétaire d’État à l’Économie de Suisse qui était en
voyage au Canada. Le résultat : plus de 100 personnes était présentes à cet événement qui
nous a permis de recruter de nouveaux membres. Un beau succès dont nous sommes fiers.
Notre tournoi de golf est dans quelques jours et notre président d’honneur, Jean-Jacques
Laurans du Groupe Alfid, s’affaire, avec Bruno Setz et les autres membres du comité du
golf sont à finaliser les derniers détails. Merci pour votre travail et je vous souhaite un bon
tournoi le 3 juin prochain et de belles parties durant tout l’été.
Ce numéro parle d’immobilier et je suis très heureux de souligner l’arrivée d’un nouveau
membre qui œuvre dans ce domaine et qui nous présente une belle analyse du marché
de l’immobilier commercial au Canada; merci et bienvenue à François Paquin de NAI
Il y a longtemps que nous voulions améliorer notre site WEB; nous avons retenu les
services d’un expert qui va nous aider à mettre en place un site qui sera beau et convivial
pour nos membres.
Je vous souhaite de passer beaucoup de temps à profiter de l’été tout en continuant à
faire des affaires fructueuses. Au plaisir de vous voir très bientôt lors de nos prochains
Jean Serge Grisé
Président du conseil d’administration de la Chambre de commerce canado-suisse
du Québec.
Directeur honoraire / Honorary Director
Mr. Beat Kaser
Consul général de Suisse
Tel: 514.932.7181
E-mail: [email protected]
Liaison au Consulat général de Suisse
Mr. Paolo Bezzola
Tel: 514.932.7181
E-mail: [email protected]
Septembre / September
Cocktail d’ouverture de la saison
Season opening cocktail
Novembre / November
Soirée Fondue / Fondue evening
Conseiller juridique / Legal Counsel
Lette & Associés
Tel: 514.871.3838, # 213
E-mail: [email protected]
Responsable de l’administration / Administration Officer
Mr. Andreas Kräuchi
Tel: 514.937.5822
Fax: 514.954.5619
E-mail: [email protected]
Des événements supplémentaires seront ajoutés au fur et à mesure
Additional events will be added as soon as the dates will be known
Dates sujet à changements / Dates subject to change
INFORMATION et détails/and details : ou/or (514) 937-5822
J U N E /J U LY 2013
Real Estate
by Kurt Schläpfer,
Is it cheaper to
own a family home
in Canada or in
Switzerland? To
answer this question,
mainly three factors are considered in this
article: the house price, the mortgage rate
and the property tax.
It is quite difficult to compare house prices
in Switzerland and Canada. To be fair, the
comparison should refer to a common type
of asset, for instance a detached single
family home and to a comparable location
in both countries. Are Toronto and Zurich in
this respect comparable? Or do we need to
specify a certain area such as Etobicoke in
Toronto or Zurichberg in Zurich? Instead of
comparing absolute prices, one can use a
relative measure that is less dependent on
the location of the house, namely the socalled House Price Index. This index shows
how the house prices develop over time.
The figure below gives such a comparison
for family homes in the Toronto area and in
the Zurich area from 1986 to 2013. As can be
seen, house prices in Toronto have risen by
more than a factor of 3.5 since 1980, while
they have not even doubled in the Zurich
area. In both countries, a peak was reached
in the years 1989/1990, after which prices
have fallen again. It took about 13 years in
Toronto and in Zurich even 20 years until
the house prices have risen to its former
peak. Since March 2012, the price increase
has slowed in Toronto (only 1.6% in a year),
while in Zurich the annual increase was
still 5.9%.
House Price Index for Single Family Homes
(1986 = 100)
Index Value
For buying a house it is primarily important under which conditions a mortgage is
available. There are significant differences
between Canada and Switzerland. A peculiarity in Canada is that a mortgage must
always be repaid. The standard amortization
period is 25 years. The amount of interest
paid for the mortgage increases then by
the amount of the annual repayment (see
Switzerland Canada
CHF 400,000 $ 400,000
Mortgage rate
25 years
per year
(interest +
CHF 6,000 $ 25,336*
* calculated with the Mortgage Calculator
of Canada Trust
Five-year Fixed Mortgage Rates
Mortgage Rate
example in table). In both countries it is
customary to make a down payment of
at least 20% of the house price. For lower
down payments it is mandatory in Canada
to pay mortgage default insurance. If, for
instance, the down payment is 10%, the
insurance percentage is 2% of the mortgage
value. A mortgage of $400,000 increases in
this way to $408,000. The mortgage rates
have always been higher in Canada than
in Switzerland (see chart). The difference
was almost 4 percentage points on average
over the last 30 years. In both countries, a
maximum value was attained in the years
1989/1990, while the minimum value is
reached today. It should be mentioned that
the interest rate varies between mortgage
providers. Currently (April 2013) in Ontario,
a 5-year fixed mortgage is available at rates
between 2.74% and 5.24%. In Switzerland,
the variation is much smaller with values
between 1.38% and 1.95% for a 5-year fixed
mortgage. Because house prices are rising
with falling mortgage rates, the Federal
Government of Canada was worried about
the risk of developing a “housing bubble”.
In July 2012 it took a step to cool off the
housing market by limiting the maximum
amortization period to 25 years. Moreover,
for house prices more than 1 million dollars
the down payment must be at least 20%.
The following table gives a comparison
between Canada and Switzerland for a
mortgage of SFr/C$ 400,000 and the resulting annual payments. Due to the required
amortization in Canada, the effective annual
rate is 6.3% rather than 4%.
In Ontario, property values are assessed
by the Municipal Property Assessment
Corporation. Every four years, property
owners get notified about their latest
assessment. The assessed value is not identical with the market value of the house, but
typically about 30% lower, and this both in
Toronto and Zurich.
In Switzerland, owners who occupy their
property have to pay tax on the theoretical
rental value of their property (in Switzerland
called “Eigenmietwert”), as if they were
actually receiving that income. This fictitious rental income is added to the taxable
income – a unique system in Europe. In the
following the two systems are compared
based on an assessed property value of SFr/
C$700,000. In Toronto, the property tax for
residential homes is 0.07712% resulting in a
tax amount of C$5,398. In Zurich, the rental
value of a property is 3.5% of SFr700,000
which equals SFr24,500. From this amount
30% are tax free. From the taxable amount
of SFr17,150 20% are deductable for maintenance costs. Hence, the rental value is
SFr13,720. The resulting tax on it depends
on the total income and can be typically 30%
which equals SFr4,116. If the maintenance
costs are higher, they may be deducted up
to the amount of the total expenses. So for
example if a home owner invests in new
heating equipment in a Swiss home, the full
investment costs are deductable. In addition, mortgage interests are tax deductable,
even if they exceed the rental value tax. This
is a reason why many Swiss homeowners
refrain from paying back their mortgage.
Due to a slower rise of the Home Price
Index, 2013 would be a good year to buy
a family home in Toronto. In Switzerland,
home prices are still clearly rising. The
mortgage rates in Canada are less attractive
than those in Switzerland, and the requirement to pay back a mortgage is a further
handicap when comparing the two countries. Moreover, the property tax in Canada
is distinctly higher than in Switzerland. It is
even theoretically possible that the tax on
a Swiss home owner’s property is zero if he
or she can deduct mortgage interest and/or
extraordinary investment costs. The author
of this article is in the advantageous position to be able to compare his own Swiss
home with the family home of his daughter
in Toronto. Both properties are detached
single houses.
Quote of the Month
A successful person is one who can
lay a firm foundation with the bricks
others have thrown at him.
David Brinkley
J U N E /J U LY 2013
Real Estate
By Fabienne Lette and Chris Langstaff,
LaSalle Investment Management
Canada has historically been viewed as a
stable and resilient investment market by
both foreign and domestic investors. Canada
has the lowest government net debt in the
G7 as a percentage of GDP according to the
IMF, and ranks number one in soundness
of banks according to the World Economic
Forum’s 2012-2013 Global Competitiveness
Report. Canadian real estate provides investors with a variety of opportunities across
the risk/return spectrum (Figure 1) while
consistently producing reliable income
22 countries that participate in the IPD. Real
estate investment activity in 2012 totaled
$29 billion in direct commercial property
investment, the highest level since 2007
and second highest in the last 10 years. And
while much of Canada’s best-in-class commercial real estate is owned by large institutional investors, many small or mediumsized investors have realized returns from
investments in public or private investment
vehicles such as public REITs or private funds.
returns, averaging 6.4% over the past 5
years and 7.8% since 1985 according to
the Investment Property Databank (IPD).
However despite the stable nature of the
Canadian market, higher risk investors will
find that there are core plus and valueadd opportunities available in a variety of
property types and markets. With widely
available debt financing at attractive rates,
and Canada expected to experience healthy
GDP growth, the spread between Canadian
IPD income yields and the risk-free rate is
expected to remain above long-term averages and has consistently been positive for
the last 15+ years (Figure 2). This positive
spread allows investors to enhance returns
through leverage. Strong fundamentals
such as low vacancy and balance between
supply and demand has limited downside
exposure and resulted in Canada having the
highest total return at 15.9% in 2011 and
second highest in 2012 at 14.1% out of the
Real estate has become an accepted institutional investment class over the last several
years in Canada given growing transaction
volumes and a proven track record. Over
the past 15 years Canadian real estate has
consistently outperformed equities and
bonds (Figure 3), becoming an integral part
of a well-diversified portfolio and providing
last 20 years is 6.8%, compared for 8.5% for
bonds and 17.9% for equities.
Given the current challenges and uncertainties in Europe, many European investors
have sought out Canadian investments in
real estate for the country’s stable political,
legal and financial environment. And in
addition to the benefits of returns diversification mentioned above, European investors
in Canada can also gain from geographic and
currency diversification, but need to consider
which ownership structure is most effective
for them from a tax perspective.
As real estate becomes a more widely
accepted asset class, demand has increased,
forcing pricing up. This demand is further
New Personal Member:
Nicolas Hirsch
26 Denison Avenue
Toronto, ON M5T 2M5
Email: [email protected]
New Corporate Member:
Eric Polten
Polten & Associates
Adelaide Place, DBRS Tower
181 University Avenue, Suite 2200
Toronto, ON M5H 3M
Phone: 416-601-6766
Email: [email protected]
investors with return stability. In fact, commercial real estate’s correlation to other
asset classes has been close to zero (no correlation) over the last 36 years. Furthermore,
real estate has historically been less volatile
than equities and bonds; standard deviation
of total annual returns of real estate over the
How to become a member of the SCCC:
Sign up online at
or contact our office at [email protected] or
increased by investors turning to Canadian
real estate for reliable investment opportunities. And while the US, Australia, Japan
and UK real estate values remain below prerecession highs, Canadian real estate capital
values recovered by mid-2011 and have
since surpassed early-2008 highs (Figure
4). However, the Canadian market did not
decline significantly during the 2008-09
recession and consequently values did not
drop to the degree that they did in other
markets. Another factor driving up pricing is
the recent surge of new REITs in the market,
increasing demand for properties with
reliable income returns. In 2012 REIT and
REOC capital-raising hit a new record, totaling nearly $10.5 billion, compared to $8.7
billion in 2011 and $7.6 billion in 2010. Last
year also saw the highest price ever paid for
a Canadian office building, when Dundee
REIT and H&R REIT bought the iconic Scotia
Plaza in downtown Toronto for $1.3 billion.
This strong demand was reflected in 2012
all-time low going-in capitalization rates,
the ratio between net operating income
and market value. However given that CPI
inflation is expected to remain low and bond
yields are not expected to rise significantly,
the general consensus amongst real estate
market analysts is that capitalization rates
will not continue to compress at the same
rate, nor are they expected to rise, but will
likely remain low, particularly for core assets.
Sources: CB Richard Ellis, IHS Global Insight, IPD,
NCREIF, Russell Canada, Bank of Canada, Scotia
Capital, PC Bond Analytics, LaSalle Investment
Fabienne Lette is an Analyst on the Asset
Management team and Chris Langstaff is the
Senior Vice President of Research at LaSalle
Investment Management, a global investment
manager with $47.7 billion of private and
public property equity investments. The team
in Canada manages real estate investments for
a variety of institutional and private investors
through separate accounts and a series closedend, co-mingled funds. Fund-raising is currently
underway for Canadian Income & Growth
Fund IV, a closed-end value-add Fund focused
on strong, income-producing properties with
upside potential in Canada’s major markets and
select secondary markets.
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J U N E /J U LY 2013
Real Estate
By Esther Krauze
Que vous décidiez
d’acheter une unité
immeuble locatif résidentiel ou encore une
commerciale ou industrielle,
la vérification diligente est indispensable.
Le niveau de cette dernière variera certainement en fonction de la nature des lieux.
La vérification diligente comprend, entre
autres, la recherche de titres, la vérification
hors titres, les inspections structurelle et
environnementale, le zonage et la vérification administrative. Toutes ces vérifications
devraient être faites même si la vente est
assortie d’une garantie légale, c’est-à-dire
que le vendeur garantit qu’il est propriétaire
de l’immeuble et que ce dernier est vendu
en bon état (absence de vices cachés). Dans
le cadre des ventes d’immeubles commerciaux, il est devenu relativement courant
soit de vendre sans garanties, aux risques et
périls de l’acheteur, soit d’assortir la vente de
déclarations et de garanties limitées.
Cette vérification vise à confirmer l’identité
du propriétaire, à identifier les servitudes,
les hypothèques et les autres charges affectant l’immeuble. Dans le cadre de la vérification sur les titres, il est également fortement
conseillé d’avoir un certificat de localisation
récent préparé par un arpenteur-géomètre,
dans lequel ce dernier donne son opinion
sur l’état actuel de l’immeuble, les limites
de la propriété, le tout par rapport aux titres,
au cadastre, aux lois et aux règlements
pouvant l’affecter. L’acheteur exigera, dans
la plupart des cas du vendeur, un certificat
de localisation récent démontrant l’état
actuel de la propriété.
Depuis les dix (10) dernières années, les
souscriptions d’assurances titres sont en forte
croissance. Ces dernières sont peu coûteuses
et ont pour but de protéger l’acheteur et le
cas échéant, le prêteur, en cas de problèmes
avec les titres d’une propriété. Certaines
exclusions sont cependant prévues, notamment en ce qui concerne les problèmes liés à
l’emplacement des clôtures. Ces assurances
ne sauraient toutefois remplacer le travail du
conseiller juridique.
Ce genre de vérification comprend
notamment :
– La confirmation du paiement des taxes
(municipales et scolaires);
– La vérification des avis de non con-
formités auprès des municipalités,
des autorités compétentes et du
Ministère du Développement durable
de l’Environnement, de la Faune et
des Parcs;
– L’obtention des certificats d’arrérages
pour les utilités publiques;
– La vérification des dossiers pendants
auprès de la Régie du bâtiment, de la
Commission des normes du travail et
de la Commission de la santé et de la
sécurité du travail.
Bien que la Loi sur l’accès aux documents
des organismes publics et sur la protection
des renseignements personnels prévoie que
les organismes publics doivent répondre aux
demandes d’informations dans un délai de
vingt (20) jours, lequel peut être prolongé
de dix (10) jours si la demande ne peut être
traitée dans le délai initial, il arrive que les
délais de réponse soient plus longs dans
certaines municipalités. Par conséquent, une
période de vérification diligente de trente
(30) jours peut s’avérer insuffisante.
Ce genre d’examen permet à l’acheteur
d’avoir une meilleure connaissance de l’état
de la propriété. L’inspection structurelle
comprend l’inspection des systèmes et
des composantes visibles et accessibles de
l’immeuble. Elle vise à identifier les défauts
majeurs qui pourraient diminuer l’usage, la
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• Services provided in English, French and German
E-mail: [email protected]
jouissance ou la valeur de l’immeuble ainsi
qu’à faire un inventaire des travaux requis
et des coûts qui y seront associés, le cas
échéant, à court, moyen et long termes.
Pour ce qui est de l’inspection environnementale, dépendamment de la nature
de la propriété, une étude environnementale phase I et dans certains cas, phase II,
est recommandée. La découverte d’un sol
contaminé pourrait nuire à la valeur de
l’investissement. Il s’agit d’un risque inutile
que tout le monde souhaite éviter.
La vérification de la règlementation de
zonage permet à l’acheteur de déterminer
si l’usage actuel et l’usage prévu sont
conformes. Dans un contexte industriel ou
manufacturier, les règlements de zonage
peuvent parfois prévoir des restrictions au
niveau de l’accès, du bruit et des émissions.
Dans un cadre commercial, des limites
peuvent exister au niveau de la nature des
activités permises.
L’acheteur doit par conséquent être bien
au fait de ces questions.
Le but de cette vérification est de confirmer
les revenus et les dépenses de la propriété
ainsi que les obligations qui pourraient être
assumées par l’acheteur. Pour ce faire, ce
dernier devrait obtenir du vendeur, des documents incluant les états financiers, les baux,
les contrats de services et autres contrats liés
à la propriété et les dépenses (électricité,
taxes, assurances, déneigement, entretien
de la pelouse, extermination, etc…).
Le but recherché par la vérification diligente est de s’assurer que l’acheteur recevra
la propriété dans les conditions qui lui ont
été présentées. Chaque transaction a ses
propres obstacles, mais aussi ses avantages.
Il est donc essentiel de lui accorder toute
l’attention qu’elle mérite.
Esther Krauze est avocate et pratique le droit
immobilier depuis 15 ans au sein de Lette &
Associés S.E.N.C.R.L. Esther assiste ses clients
dans l’acquisition, la vente et la location
d’immeubles commerciaux, industriels et
résidentiels ainsi que dans les domaines
du financement, de la construction, du
développement et de la gestion immobilière. ■
Par François Paquin, président de NAI
Commercial, agence immobilière
Montréal, l’ancienne métropole canadienne
détrônée par Toronto depuis quelques
décennies, semble se rattraper par son
développement immobilier et également
au niveau des valeurs économiques des
propriétés résidentielles.
Présentement, nous comptons plus d’une
soixantaine de grues de construction dans
le ciel de Montréal, du jamais vu depuis
très longtemps. Plusieurs chantiers, tant
institutionnels que privés, sont en voie de
réalisation comme le Centre Universitaire
de Santé Université McGill (CUSUM) et le
Centre Hospitalier Université de Montréal
(CHUM). Dans le secteur privé, beaucoup
de nouveaux gratte-ciel vont sortir de terre
sous peu, créant plus de 7 000 unités de
condominiums - dont plusieurs au centreville. Entre autre, l’immeuble « AVENUE »,
d’une hauteur de 50 étages, s’élèvera à côté
du Centre Bell.
Deux tours à bureaux sont déjà en train
d’être érigées, la Tour Deloitte et la Tour
AIMIA à vocation mixte. D’autres projets
devraient être annoncés sous peu parce que
le taux d’inoccupation qui est relativement
faible, laisse présager que certains locataires
sont à la recherche d’immeubles récents
avec la certification LEED offrant une meilleure qualité de vie, un plus grand choix à
cause des loyers plus élevés et réduire aussi
leurs coûts d’énergie.
En 2013, on prévoit une légère diminution du taux d’inoccupation qui devrait osciller entre 8.7 à 8.8%, incluant les immeubles
en périphérie du Grand Montréal.
Les banlieues devraient connaître une
croissance plus active que celle du centreville en raison de l’étalement urbain, de la
circulation automobile et des chantiers de
1 800 874-1071
514 631-6565
J U N E /J U LY 2013
Real Estate
construction, le même phénomène que l’on
retrouve partout dans les grandes villes.
Montréal demeure une ville attrayante et
on y retrouve une concentration d’industries
spécialisées dans le domaine pharmaceutique, de l’aviation, de la finance et des jeux
Au niveau de l’immobilier industriel,
Montréal poursuit sa transition de l’industrie
lourde vers l’industrie de pointes et de
technologies. Les régions de la Rive-Nord et
de la Rive-Sud ont été les plus actives pour
une augmentation du taux d’occupation. La
construction du pont de l’autoroute 25 vers
Laval a permis d’augmenter la vitalité industrielle du secteur.
Les entrepôts de 24 pieds de hauteur et
plus sont toujours en demande. Leur taux de
vacance de 8.2% en 2012 devrait se résorber
pour atteindre 7.8 % en 2013.
La confiance des consommateurs continue
d’augmenter graduellement parce que l’on
s’attend à une augmentation per capita de
2.1 % comparativement à 1.1 % pour 2012.
Beaucoup de bannières de commerce
au détail venant des États-Unis font leur
apparition partout au Canada, mais aussi
à Montréal et sur le territoire québécois.
William Sonoma, Target et plusieurs autres
sont déjà établis et plusieurs autres suivront
au cours de l’année.
Toronto, la métropole canadienne,
demeure la meneuse dans le domaine des
services financiers, de la manufacture et
de la construction. Beaucoup de nouveaux
projets sont en cours, autant dans le
domaine des tours à bureaux que des tours
à condominium; par exemple, la société
Canderel est en train de bâtir la plus haute
tour du pays, avec 72 étages.
L’industrie de la manufacture connait
quelques ralentissements à cause de la performance du dollar canadien qui est presque
à parité avec le dollar américain et qui, par
conséquent, affecte la consommation.
Les espaces à bureaux vont augmenter de
plus de 3.5 millions de pieds carrés dans le
centre-ville et de 3.2 millions de pieds carrés
pour le sud et l’ouest de la ville; même si
le gouvernement provincial, dont Toronto
est la capitale, a décidé de réduire ses
espaces dans différents ministères de plus
d’un million de pieds carrés. Cela démontre
que Toronto demeure très active au sein de
l’économie canadienne.
Le secteur industriel se concentre surtout
autour de l’industrie automobile et des
produits de consommation et on s’attend
à une performance semblable à celle de
l’année dernière. Les entrepôts de grandes
dimensions, 300 000 pieds carrés et plus,
sont toujours très recherchés et de nouvelles
constructions sont prévues dans le grand
Toronto, principalement à Mississauga,
Brampton et Milton.
On remarque néanmoins un nouveau
phénomène : plusieurs sociétés vont
privilégier des entrepôts de plus petites
dimensions et les repartir aux quatre coins
de la ville. Cette façon de faire permet une
livraison plus rapide en évitant de circuler
dans un trafic de plus en plus dense.
Le commerce au détail s’en tire très
bien en 2012 et sa croissance semble se
poursuivre en 2013; plusieurs sociétés
étrangères comme Louis Vuitton, Massimo,
etc., poursuivent leur expansion. Le taux de
vacance va diminuer un peu cette année et
on prévoit des agrandissements de quelques
centaines de milles pieds carrés dans certains centres commerciaux.
Calgary, c’est la ville canadienne la plus
dynamique à cause de son développement
pétrolier. Elle attire un grand nombre de
sièges sociaux, soit plus de 75 alors qu’elle
n’en comptait que 44 en 1990. La demande
d’espace est tellement grande que l’on
affiche complet avant même d’avoir construit
une nouvelle tour à bureaux de 40 étages.
Le taux de chômage est le plus bas au
pays avec 4.7 %, ce qui fait l’envie des
autres grandes villes canadiennes.
La ville compte plus de 40 millions de
pieds carrés de bureaux pour une population
d’un peu plus de 1 million d’habitants. C’est
une situation assez exceptionnelle.
Au niveau des espaces industriels, la
demande était soutenue en 2012 et 2013
s’oriente dans la même direction. Wal-Mart
et Target, deux grandes entreprises spécialisées dans le commerce au détail, se sont
installées dans plus d’un million et demi de
pieds carrés dans chacun de leurs centres de
Le commerce au détail s’ajuste au développement de la ville. On voit s’installer de
grandes chaînes de commerce au détail
provenant des États-Unis et qui, pour la première fois, s’installent au Canada et choisissent Calgary pour y établir leurs magasins.
Calgary connaît une croissance sans
précédent et cela permet à d’autres industries de s’implanter, comme l’industrie
bancaire – on y retrouve toutes les grandes
banques internationales.
Toutefois, il faut être prudent surtout
quand l’économie repose pratiquement sur
une seule grande industrie, soit l’énergie
produite par les sables bitumineux. Calgary a
le vent dans les voiles pour plusieurs décennies et espérons qu’elle saura se diversifier
en implantant d’autres types d’industrie afin
de bien équilibrer ses forces.
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Lombard Odier Gestion (Canada) Inc., commandité pour Lombard Odier & Cie (Canada), société en commandite
1000, rue Sherbrooke Ouest · Bureau 2200 · Montréal (Québec) · H3A 3R7 · Canada
Téléphone 514 847 7748
Vancouver : La province de ColombieBritannique est riche en ressources naturelles et Vancouver est un port servant à
l’exportation. Son industrie immobilière
demeure forte avec une activité soutenue.
Sachant que l’immobilier à Vancouver est
prisé, le facteur de risque est mince et le
taux de globalisation est l’un des plus bas
au Canada.
Bureau : Le taux de vacance dans les
tours à bureaux devrait augmenter de
manière significative à cause du nombre de
sous-locations qui prennent fin cette année.
Dans les immeubles de classe A, on devrait
connaître des loyers de près de 37.00 $ le
pied carré, comparativement à Calgary ou
le pied carré est de 41.00 $, de 26.00 $ à
Toronto et de 21.00 $ à Montréal.
La disponibilité des espaces industriels
pour cette année est de 6.4 % tandis
qu’en 2012, il était de 6.8 %. Cette stabilité nous permet de constater que ce mode
d’investissement est recherché.
Le commerce au détail devrait encore
mieux se comporter cette année parce que
2012 a été une année de développements
commerciaux qui viennent d’être complétés
pour accommoder des chaînes reconnues
comme Norsdtrom, Forever 21, TopShop,
Apple, Samsung, J. Crew, Target, etc.
Parmi les grandes villes du monde, la
firme Mercer a élaboré une liste des villes
les plus chères du monde et il est intéressant
J U N E /J U LY 2013
Real Estate
de savoir que l’on y retrouve Toronto au 59e
rang, Vancouver au 65e rang et Montréal
au 79e rang. Parmi les villes vedettes qui
détiennent les premiers rangs, nous avons
(1) Luanda, Angola, (2) Tokyo, Japon, (3)
N’Djamena, Tchad, (4) Moscou, Russie, (5)
Genève, Suisse, (6) Osaka, Japon, (7) Zurich,
Suisse, (8) Singapour, Singapour, (9) HongKong, Hong-Kong, et en dixième position,
Sao Paulo, Brésil.
Toutes ces villes ont beaucoup de charme
mais nous constatons que nos grandes
villes canadiennes font bonne figure dans
ce palmarès et que le coût de la vie est à
la dimension de sa population et qu’il est
agréable d’y vivre.
Cet article a été rédigé par : François Paquin,
président de NAI Commercial, agence
immobilière, et les graphiques sont
d’Altus Insite.
By Barry Webster,
Partner at Lette LLP
province has primary
jurisdiction over real estate law. In Ontario,
basic real estate legal concepts are derived
from the English common law of land ownership which is based on the feudal system.
Feudalism, at its core, established that the
Crown owned all land within its territory
but others were allowed to use the land
in exchange for an oath of allegiance to
the Crown and for the provision of certain
For over 50 years, many of Europe’s largest corporate groups, as well as numerous
small and medium-size companies, have counted on Lette to provide them with
practical, sophisticated and cost-effective legal advice in Canada.
Bernard Lette at
[email protected]
Toronto: +1.416.971.4898
Montréal: +1.514.788.0998
Lette LLP
Lette & Associés s.e.n.c.r.l.
Lette Alérion
Lette & Knorr
munich / ulm
services. As time passed, the common law
regarding land ownership became more
complex so that it became possible for different persons to have different rights in the
same parcel of land. For example, a person
may own the freehold interest in land but
a different person may hold a leasehold
interest. A freehold interest in real property
means an interest in land for an indefinite
duration. Among the various types of freehold interests in Ontario, the most common is
“fee simple” which is equivalent to outright
ownership subject to certain rights that the
Crown may retain in such land (for example
mineral rights). A leasehold interest is a right
to use land for a fixed period of time. Other
rights or interests that a person may hold
in land that are recognized under common
law in Ontario include encumbrances (for
example mortgages or liens), easements,
rights of way and restrictive covenants.
At present, the aforementioned concepts and rights have been recognized and
expanded upon in various statutes of Ontario
that govern matters such as the acquisition,
ownership, leasing, mortgaging, use, and
development of real estate.
Privately owned (as opposed to Crown
owned) real property in Ontario is recorded
in a public registration system. This system
establishes various parcels of land for
identification purposes through property
identifier numbers and legal descriptions.
Furthermore, it provides for the registration of the fee simple ownership and other
various interests and rights that a person
may hold in connection with such parcels
of land.
Ontario has two systems for the registration of interests in land – the registry system
and land titles system. The traditional
registry system provides only for the public
recording of instruments affecting land and
does not itself make any qualitative statement concerning the status of title or the
validity of any registered instruments. The
land titles system, by contrast, operates so
that title and other interests to land, subject
to certain limits, are effectively guaranteed
by the government. Such guarantee essentially means that the register or certificate
of title with respect to any property in the
land titles system constitutes the true and
accurate status of title. In the land titles
system, if a person is deprived of an interest in property by virtue of an error on the
register or certificate, such person is entitled
to compensation from a governmentadministered assurance fund. There is no
government guarantee of title with respect
to properties recorded in the registry system.
Therefore, the quality of title or validity of
interests in property recorded in the registry
system must be determined by the persons
searching the records. The vast majority of
properties in Ontario are now recorded in
and subject to the land titles system.
The Province of Ontario was one of the
first jurisdictions in the world to modernize
its land registration system by automating
the paper-based records and converting it to
a regulated electronic system. This electronic
system was designed to reduce title searching costs, increase efficiency and to improve
record keeping accuracy and integrity.
Through the use of the regulated electronic
system, property documents (such as deeds,
leases, mortgages etc.) are registered in
real time against title to the specific land.
This means that anyone searching title to a
specific parcel of a land in Ontario will have
an up to the minute record of the status of
such land.
Land use, sub-division and property development in Ontario is provincially regulated
by statute but is implemented at the munici-
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J U N E /J U LY 2013
Real Estate
pal level. For the most part, municipalities
control the use of land through official plans
and zoning by-laws. Maintenance of existing
structures and construction of new projects
are subject to provincial and municipal regulation through various building codes and
approval processes.
In the event defects to real property, including hidden defects, are discovered by a purchaser, the general principle in Ontario is that
of caveat emptor – buyer beware. However,
that general principle is progressively being
modified by jurisprudence. Notwithstanding
this, it is important to note that in Ontario,
unlike Quebec, there is no legal warranty
concept that would protect a purchaser from
hidden defects to the property. As a result,
it is extremely important for a purchaser to
protect itself by rigorous due diligence and
the insertion of appropriate representations
and warranties from the vendor in the purchase agreement.
Ontario is extremely open to foreign investment in real estate. Generally speaking,
there are no restrictions on, or significant
bars to foreign ownership of real estate in
Ontario. It should be noted that in the case
of foreign ownership of real estate certain
taxation, corporate registration and reporting requirements have application but all of
these issues are easily dealt with through
proper corporate and tax planning.
Article by Barry Webster. Barry is a partner
at Lette LLP and focuses his practice on
commercial real estate and corporate
commercial law. Barry acts on behalf of
large multi-national clients in the real estate
investment, construction and development,
hotel and logistics industries.
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I N F050_300_Tailfin_7.25x5_Canada
13.12.11 10:20
Business and Other News
Actualités économiques et d’affaires
by Cunningham LLP,
Chartered Accountants,
Canadians love their
Florida and Arizona
vacation properties.
What they don’t love
is the fact that the purchase of these properties has significant income tax and estate tax
Upon the sale of U.S. real estate there is
an automatic withholding tax of 10% of
the selling price of the property. There are
two exclusions to this rule. First, where the
selling price is less than $300,000 US and
the buyer signs an affidavit that the property
will be used as a personal residence; the
withholding tax will be nil. Second, where
the maximum US tax owing by the purchaser
when filing his/her U.S. tax return reporting
the sale of the real estate will be less than
10%, then the purchaser can file an application form (82-88-B) to have the withholding
rate reduced. However, since the IRS takes
around three months to process the form,
there is typically not enough time to file the
form and the 10%withholding applies. The
withholding tax above is only a prepayment
of whatever U.S. capital gains tax is owed.
Canadians must file Internal Revenue Service
Form 1040NR reporting any capital gains on
the sale of U.S. real estate. Generally, gains
from the sale of long term real estate holdings are subject to a maximum capital gains
rate of 15% in the U.S.
In addition to the capital gains and withholding tax issues, Canadians may also have
US estate tax issues. In the past, to avoid
US estate tax and to avoid the possibility
of taxable benefits arising for Canadian
tax purposes from the use of a U.S. vacation property, Canadians would often use
a Canadian corporation known as a “Single
Purpose Corporation” (“SPC”) to hold their
U.S. real estate. However, effective June
23rd, 2004, The Canada Revenue Agency
(“CRA”) revised its position and now the
shareholder(s) of a SPC can no longer avoid
a taxable benefit for Canadian tax purposes.
SPCs already in existence are grand fathered
until either the earlier of the sale of the US
real estate or the transfer of the shares of
the SPC to anyone other than the shareholder’s spouse upon their death. The change in
the CRA’s administrative position has made
planning for buying U.S. real estate in an SPC
obsolete. There are a number of alternatives for holding U.S. real estate, most very
complex. These will be examined in a future
For more tax and accounting information
or if you have any questions, please follow
Cunningham LLP on [email protected]
or contact Paul Girolametto at
[email protected],
by telephone at 416-496-1051 x254
or visit their website
By Karen Fields of
Crawford Chondon &
Partners LLP
Along with summer
and hot sunny days
comes the potential for heat stress
related injuries for those working outside or
in facilities without air conditioning. Mixing
hot humid weather with physical activity
can quickly lead to heat exhaustion, heat
stroke and death. The Ontario Ministry of
Labour’s website has a Heat Stress Guideline
that lists the different heat related disorders, symptoms, treatment and prevention
Employers, who are obligated to take all
reasonable precautions for the protection
of workers, should have a hot environment
policy in place and procedures on how to
J U N E /J U LY 2013
Business and Other News
Actualités économiques et d’affaires
protect workers from heat related illnesses
that can arise. The Guideline will provide
employers with a good starting point if you
do not already have such a policy in place,
or a good review to see if your policy has
covered all the preventative measures that
should be considered. It also sets out steps
for the implementation and training of
workers against heat stress such as:
1. Acclimatizing to the heat. Implementing
percentages of time each day to become
acclimatized to the heat and what to
consider for new workers, or those who
may have health issues that need to be
2. Engineering Controls, such as reducing
physical demands, providing insulating
barriers from heat sources, providing air
cooling devices, and cool, shaded work
and rest areas;
3. Administrative and Work Practice
Controls, such as increasing length and
frequency of rest breaks, scheduling
physically demanding jobs for cooler
times of the day, providing cool drinking water and reminding workers to
drink a cup every 20 minutes, to train
workers to recognize the symptoms of
heat stress, and having an emergency
response plan and first aid responders
in place to deal with any heat related
illness; and
4. Protective Clothing such as light clothing to allow air movement and head
protection to prevent exposure to direct
A hot weather plan should be in place
between May 1 and September 30 each year.
If you do not have a heat stress control plan,
or a humidex based heat response plan, you
can gather free information at http://www. .
As always, once you have the plan in
place, you need to train your workers so
they understand the importance of the plan,
and document, document, document.
For more information on above or other topics
visit their website at or
contact David Chondon by e-mail at
[email protected]
MIRABAUD Canada Inc. - Olivier Rodriguez / MIRABAUD Gestion Inc. - Yves Erard
1501, avenue McGill College - Bureau 2220 - Montréal (Québec) H3A 3M8 - T +1 514 393-1690 - F +1 514 875-8942
MIRABAUD Canada Inc. est membre de l’Organisme canadien de réglementation du commerce des valeurs mobilières inc. et du Fonds canadien de protection des épargnants.
Switzerland takes first place in the 20122013 “Top 25 Country Brands” compilation
published by FutureBrand. Canada takes
2nd place and the US 8th. The index uses
FutureBrand’s proprietary methodology,
the Hierarchical Decision Model (HDM) to
examine and rank 118 countries as they
relate to culture, industry, economy and
public affairs to determine how key audiences see the world’s country brands, from
awareness through to advocacy.
Switzerland also ranks 1st in “The Travel
& Tourism Competitiveness Report 2013”
published by the World Economic Forum,
the same spot it held in the 2011 report.
In specific rankings, 2nd in qualified labor,
3rd in environmental regulation, 7th in a
sustainable T&T industry, 6th in cultural
resources but 139th (out of 140) in price
DuPont has opened its 10th Innovation
Center, the second center in the Europe
Middle-East and Africa (EMEA) region. The
Geneva Innovation Center is housed in the
existing site of the European Technical Center
(ETC) in Meyrin. It will provide a unique
experience and environment for collaboration with customers, government, academia
and business partners in Switzerland and
across Europe, as more than 2,500 customers visit annually the ETC in Geneva.
IBM announced plans to open a new
cloud computing center that will be integrated with the existing IBM outsourcing
data centre in Winterthur. It will be used to
provide corporate and public sector customers with a range of cloud-based application
and infrastructure services, and will deliver
services from start-Q3 2013.
Cessna Aircraft Company, a Textron Inc.
company has acquired Jet Aviation’s maintenance, repair and overhaul (MRO) facilities
in Zurich and in Düsseldorf, further expanding its global service center footprint. Both
facilities began operating as Cessna Citation
Service Centers on January 1. Jet Aviation
will continue operating its fixed base operator facilities at both locations.
The boards of ABB and Camarillo CA-based
Power-One have agreed to a transaction in
which ABB will acquire Power-One at $6.35
per share or approximately $1 billion equity
value, which includes Power-One’s net cash
of $266 million. Power-One has one of the
market’s most comprehensive offerings of
solar inverters.
MSi Testing & Engineering Inc., a laboratory in the fields of metallurgical testing and
failure analysis located in Melrose Park IL,
has been acquired by Geneva-based SGS.
SGS bills itself as the world’s leading inspection, verification, testing, and certification
Ares Life Sciences, a healthcare-focused
investment group headquartered in
Geneva, signed a definitive agreement to
acquire 100% of the share capital of Planet
Biopharmaceuticals, Inc., including its wholly
owned subsidiary Antigen Laboratories, Inc.,
based in Liberty MO.
UK-based consumer packaging and can
maker Rexam is to build a new drinks can
plant in Widnau, Canton St. Gallen. It is
Rexam’s first plant in the Switzerland and
represents an investment of £115 million
over three years.
UK-based Calastone, a fund transaction
network, opened its new Swiss office in
Zurich to provide a local presence to the
Swiss market.
Brenntag, the Germany-based specialist in chemical distribution, is planning to
build a new sulfuric acid dilution plant at
the Infrapark Baselland industrial park in
Muttenz. The plant, along with the newly
installed pipeline, will allow Brenntag
to supply diluted sulfuric acid to Bayer
Nestlé is the fourth-largest consumer products company in the world, according to a
report by professionals services firm Deloitte.
Four other Swiss companies – Richemont
(74), Swatch (104), Rolex (153) and Emmi
(246) – appeared in the sixth annual “Global
Powers of Consumer Products”, which
identifies the 250 largest consumer products
Scientists at Empa, the Swiss Federal
Laboratories for Materials Science and
Technology, have developed thin film solar
cells on flexible polymer foils with a new
record efficiency of 20.4% for converting
sunlight into electricity.
Corporate Knights Announced the ‘Global
100 Most Sustainable Corporations in the
World’ at the World Economic Forum in
Davos. The Global 100 Europe list included
Nestlé, Swiss Re and Geberit AG.
J U N E /J U LY 2013
Ka r i n’s Pe r for m a nce S olut i o n s
Do You Chal lenge Yourself to Think Diffe re ntly?
Karin Lindner
By Heidi Garcia
Would you agree that mindset has a tremendous impact on how we master and manage
challenges in our personal and professional
Just recently I read a book entitled
“Mindset: The New Psychology of Success”
by Carol Dweck. It is a fascinating book,
especially since I’m always looking for new
insights on how mindset, beliefs, and attitude influence workplace performance and
I believe that one of the biggest challenges manufacturing organizations face
is that it is no longer “business as usual”.
What may have worked in the past doesn’t
work today. Everything seems to be an uphill
battle. Nothing comes without great effort.
That is why I want to share with you what I
discovered in this book and how it applies to
the manufacturing industry.
In her book, Dweck suggests that there
are two different kinds of mindsets: a
Growth and a Fixed Mindset.
In a fixed mindset, people believe their
basic qualities such as intelligence or talent
are simply fixed traits. The dangerous thing
about that is if a person with a fixed mindset
is in a management position they cannot
see the potential of their employees or that
they are capable of going above and beyond
what’s expected of them. They spend their
time documenting their own intelligence
and talents rather than developing their
skills further. People with a fixed mindset
are never short of excuses, tend to blame
others, and resist change.
In a growth mindset, people believe that
their most basic abilities can be developed
through dedication and hard work. For them,
brains and talent are just the starting point.
This is the perspective that is essential for
management if they want to create a learning culture. People can always do a little bit
better but some need a little encouragement and help to realize how much more
they are capable of doing.
In one of my workshops, I like to do an
exercise entitled: “The 10 Percent Stretch”. I
ask someone to stand in front of a wall and
stretch up as high as he or she can go. Then
I mark this point with tape. I then ask the
same person to do it again but this time I
simply say: “Come on, I know you can do
better than that. Give it all you have.” Every
time and without exception, this person
can stretch at least 10% higher than they
did before. It’s the same in a job. With the
right amount of encouragement, people can
reach new heights in their performance.
Helping people to develop the confidence they need to become more successful
in what they do is not only very rewarding
but it will also have a tremendous impact in
the overall success of the organization.
In order to increase awareness, it is
essential to cultivate workforce and leadership behaviours.
Most of the people I know sincerely
want to contribute to their organization and
believe that they are doing their part to help
the company succeed. Why not set them up
for success instead of failure?
At the end of the day it comes down to
our beliefs, and a belief is nothing else than
a thought that we keep thinking.
If people think they have nothing of value
to offer, most likely their self-esteem is low
and they lack the belief in their own abilities.
Many people never reach their full potential because they are in a fixed mindset. It’s
not that they couldn’t develop into a growth
mindset but they believe that’s all there is.
If things don’t go the way they are supposed
to, these people regard it as failure instead
of a valuable learning experience.
You know that most companies are
always looking for new talent. What would
you say if I told you that talent doesn’t mean
a thing if it is not combined with attitude
and effort? Very often this seems to be
ignored or overlooked.
Attitude shows the habits of your
thoughts. Effort shows the habits of your
As an example, let’s take a look at a
typical Maintenance Department. Very often
the guys in the maintenance department
are referred to as “Prima Donnas”. They
have learned a skilled trade and they certainly know that this is of tremendous value
to the organization. Do they always have the
best attitude when it comes to serving their
customers, the machine operators? Are they
willing to go the extra mile simply because
they have the talent and skill? I will let you
answer these questions yourself.
Many managers never have the time to
really think this through but developing a
growth mindset at all levels within an orga-
nization is one of the most important things
a leadership team can focus on.
There is something very powerful in
changing the way you think. Most of the
time exhaustion at work doesn’t come from
the work itself but from the mental attitude
employees have toward work and life.
Imagine the potential for success by challenging yourself to think differently.
Be the best you can be!
Heidi Garcia is a Human Performance Specialist
working with KARICO Performance Solutions,
located in Richmond Hill, Ontario. Karin Lindner
is the founder and owner and her mission
is to “help organizations and individuals in
manufacturing environments to become the
best they can be by positively impacting
their ROI (Relationships, Outcomes and
Karin can be reached at 1-647-401-5274
or by e-mail at [email protected];
you may also visit her website at
“ We make communication work seamlessly
across six continents. Zurich does the same
with our insurance.”
Andrew M. Miller, President & CEO
Polycom, Inc.
A single property insurance solution designed to help reduce coverage gaps and overlaps.
Polycom, a global leader in telepresence solutions, needed a financially strong
carrier that could make complex insurance coverage easier. Zurich provided
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help businesses need when it matters most. Watch the video to learn more.
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companies of Zurich in North America, access Zurich® is a registered trademark of Zurich Insurance Company Ltd.
J U N E /J U LY 2013
Tribeca Insights
G ol d , Am e r i can J ob s an d E u rop ean Re cess ion
By: Beat J. Guldimann, LLD
April 2013 has seen the
price of Gold drop 14%
over two trading days.
Analysts had a field day
with forecasting what is next for the precious metal that has been on a multi-decade
bull run until Goldman Sachs decided it was
time to send prices to the basement.
While some usually reputable analysts
made the gloomy prognosis of Gold going
to $800 per ounce before things turned,
others found arguments for Gold bouncing
back quickly across the $2000 mark. That’s
a big range, even for financial analysts. No
wonder investors are confused.
Gold has always been volatile. We now
know that it is also easily manipulated by
the likes of Goldman Sachs simply announcing to the market that it is time to go short.
If Goldman makes a call, the lemmings
follow. And so, the Wall Street gambling
house was able to make a nice profit from
all the shorts they have put on just before
advising the street that their crystal ball tells
them Gold is going to collapse. You can call
it Goldman’s self-fulfilling (and self-serving,
one might add) prophecy.
accelerated pace. According to some estimates, demand for physical delivery Gold
currently exceeds supply from mines across
the globe.
Central banks for one are keeping their
faith in Gold as a long-term strategic store
of value. Word of the Central Bank of Cyprus
dropping Gold into the markets have proven
to be nothing but speculative rumour and
even if the good bankers in Nicosia were
to push the sell button, the Gold made
available by Cyprus would disappear in the
massive purchases that the People’s Bank of
China is currently putting on its books.
Once investors start to realize that everything is not as rosy as the record-level Dow
Jones Industrial Average seems to indicate,
even paper Gold may pick up demand again.
This point may not be too far away. If there
are any fundamentals left in the way equity
markets behave, the Dow will have to go
through a correction in the coming months.
There is simply not enough real growth in
the U.S. economy to support the Fed-induced
market rally over the longer-term.
Despite all the fanfare about rising
employment numbers in the U.S., the world’s
largest economy is not out of the woods.
While absolute employment numbers are
up, the average hours worked by those that
have a job, and the dollars they earn per
hour, are down.
People on the conservative end of the
spectrum blame part of this move to part-
Strategists and analysts of all stripes were
fast to try and rationalize what happened
in the paper Gold market. The consensus
became that Gold’s rise is over for now as
investors realize that inflation, one of the
key drivers for Gold, is much less of a threat
than previously thought. And with the U.S.
economy starting to rebound quite solidly,
the Greenback has started to improve which
– in relative terms – makes Gold less expensive as well.
Both of these statements may be true
but they are hardly news that markets only
came across in the early days of April. With
most of the developed world in slow motion,
inflation has not been a short-term concern
for quite some time. Central banks flooding
markets with seemingly bottomless liquidity
supports the view that policy makers aren’t
really concerned with too much inflationary
pressure at all. To the contrary, the view now
seems to transpire that we need central
bank action to create just enough inflation to
get out of the slump, since “normal” market
forces won’t get us there. The latest flurry of
quantitative easing in Japan is bent on doing
just that.
In contrast to what happened in April, the
fundamentals in the physical Gold market
remain strong. Demand for the actual metal,
not just paper certificates, has grown stronger as central banks and other bulk buyers
in Asia decided to benefit from the recent
correction by picking up gold bars at a much
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time jobs on Obamacare, explaining that
many employers, public or private, are
trying to eliminate higher payroll benefit
costs by keeping their workforce under the
hourly threshold for payroll taxes related to
the Affordable Health Care Act.
No matter what or who is to blame, the
reduction in average hours and average pay
of an honest week’s work is not a sign of
a solid recovery. Add to that the thousands
of “discouraged workers” that fall off the
unemployment statistics every month
because they have stopped looking for a
job, and you will see a picture of the U.S.
recovery that is much more fragile than the
Dow at 15,000 would indicate.
It is undeniable that the U.S. have found
a way back into growth; the question is how
strong will the recovery be and how long will
it still take for the world’s largest economy,
and the one with the largest exposure to
consumer spending, to work itself out of
the longer-term effects of cost cutting in the
private sector and “sequestration” induced
austerity in the public sector.
America will not be able to compete
with Asia in terms of GDP growth over the
coming years, but it will certainly outshine
Europe. The European Union finds itself in
a protracted recession that has brought
the experience of a triple dip to the French
economy. The French are sobering up after
all the magic potions that newly elected
President Hollande promised in last year’s
election have proven ineffective to return
the Tricolore to growth.
Even Germany, the sole remaining
European powerhouse, has become anemic.
There is no inspiration coming from Brussels
or any other European capital and we are
more likely to see European leaders caught
in ongoing fundamental debates about
austerity vs. stimulus than to see Europe
take decisive action against the deepening
unemployment and output problem of the
The developed world’s economies are
still in a fragile state. Sooner or later markets
will trade euphoria for fear and safe havens
will regain strategic importance.
The Swiss Canadian Scholarship
Fund of Ontario is pleased to offer
yearly scholarships. It is open to
members of the SCCC and the
Swiss Community in Ontario.
To find out more about the
availability and eligibility criteria,
please visit the Ontario Chamber’s
website at:
Beat Guldimann, owner of Tribeca Consulting
Group, holds a Doctorate in Law from the
University of Basel; he was legal counsel at
the former SBC (86-96), President and CEO
of UBS Canada (97-01), Head of Global Private
Banking at CIBC (01-04) and Vice-Chairman at
Hampton Securities (05-07).
R e stau r a n t, bar
et douc e s fo l i e s
T 514.878.3561
J U N E /J U LY 2013
Chamber News
Information de votre chambre
Par Jean Serge Grisé
Le 3 mai dernier, la Chambre de Commerce
canado-suisse du Québec a eu l’occasion
de participé à la portion montréalaise de la
visite de madame Marie-Gabrielle IneichenFleish Secrétaire d’État à l’Économie de
Suisse au Canada. Quelques heures après son
arrivée d’un séjour à Vancouver et à Ottawa,
la Secrétaire d’État faisait une importante
allocution à l’occasion d’un petit-déjeuner
au Conseil des relations internationales de
Montréal auquel a contribué la Chambre.
Son intervention intitulée « La Suisse face
aux défis globaux » a été grandement
appréciée par plus de 100 personnes venues
l’écouter. Madame Ineichen-Fleish a fait
comprendre à ses auditeurs la complexité de
l’économie et comment des décisions prises
par des institutions internationales ont des
conséquences bien pratiques dans notre vie
Elle nous a aussi très bien décrit les
coulisses des grandes négociations entre les
pays et la difficulté d’arriver à des consensus
Beat Kaser, Christian Dubois, Marie-Gabrielle Ineichen-Fleisch, Ulrich Lehner. Crédit photo : Ville de Montréal
la Suisse doit faire face dans les mois et les
années à venir.
L’Ambassadeur de Suisse au Canada,
S.E. Ulrich Lehner a fait la présentation de
la Secrétaire d’État et j’ai eu le plaisir de la
remercier après son allocution.
Pour ceux qui le désirent, il est possible
de revoir la conférence sur les ondes du
Canal Savoir; afin de connaître les heures de
Jean Serge Grisé, Beat Kaser, Marie-Gabrielle Ineichen-Fleisch, Michel Décary, Ulrich Lehner.
Crédit photo : Sylvie-Ann Paré
satisfaisants pour tous. Par ses propos clairs,
nous avons mieux saisis les subtilités de
l’économie globale. Elle a aussi expliqué
très précisément les grands défis auxquels
diffusion, vous pouvez consulter le site du
Durant les heures qui ont suivies,
la Secrétaire d’État et la délégation qui
l’accompagnait ont visité Bombardier, ont
rencontré des représentants de compagnies
suisses opérant au Canada lors d’un déjeuner
offert par le Consul général et ont reçu des
« briefings » sur l’économie du Québec et
sur les marchés pouvant intéresser des
entreprises suisses. Nos amis de Mirabaud
(Yves Erard et Olivier Rodriguez) étaient les
hôtes de cette dernière activité.
Notre collègue Christian G. Dubois,
membre du Comité exécutif de la Ville
de Montréal a, par la suite, accueilli la
Secrétaire d’État et sa délégation pour la
signature du Livre d’or de la Ville. Avant de
quitter Montréal, madame Ineichen-Fleish a
pu s’arrêter quelques minutes à l’Auberge
Saint-Gabriel pour saluer un autre de nos
membres, Marc Bolay. Cette brève visite lui
a permis d’admirer le Vieux-Montréal.
Cette visite qui fût un succès a été utile
pour mieux faire connaître les possibilités
d’affaires entre le Canada, le Québec et la
Suisse. Nous espérons que la Secrétaire
d’État reviendra bientôt en se faisant
accompagner cette fois d’entrepreneurs pour
participer à une mission économique. Votre
Chambre a été heureuse de sa contribution à la préparation de cet événement et
remercie ses membres qui y ont participé de
diverses façons.
Travel News
Art Basel – Exhibition in New Settings
Art Basel is the most important fair for
contemporary art and the origin of Art Basel
Miami Beach. This June, Art Basel will take
place in a whole new setting in its hometown, as the exhibition center in Basel was
completely renovated by the famous architects Herzog & de Meuron. Another highlight
of this year’s Art Basel is the additional location in Hong Kong, where it will take place
for the first time from May 23 to May 26.
This exhibition will increase the high profile
of the brand Art Basel worldwide.
Bear Love – 500 Years of Bern and its Bears
As legend has it, the city of Bern was named
after the first animal the city’s founder was
able to hunt down in the woods. In 1513,
Bernese citizens returning from battle,
brought a living bear back and put it in one
of the city’s pits, giving birth to a tradition
that still lives on. In the meantime, Bern’s
famous Bear Pits have given way to the spacious, green Bear Park. The 500-year anniversary of Bern’s symbol will be celebrated
in 2013. Come and celebrate with us – a
visit to the Bear Park is a special experience.
Paths run through the park down to the Aare
River, providing an insight into the lives of
the bears.
Davos – New Visionary Hotel to be opened
in Autumn
The magic of Davos is finding new expression – in the modern 5-star InterContinental
hotel and residences «Stilli-Park», designed
by Italian top architect Matteo Thun. The
resort, which opens its doors this autumn,
is located in the outskirts of Davos, offering
stunning views over the village, Lake Davos
and the mountain summits. Crowned by the
spectacular appearance of the brass-colored
facade of the main building, the resort comprises 216 rooms and 38 residences.
Behind the Scenes – Watches to watch in
Geneva has been home to watchmaking
expertise for more than four centuries. A
«Geneva Watch Tour» gives visitors the time
in thousand and one ways. Discover the
watch industry through around a hundred
boutiques and a dozen historical monuments linked to Geneva’s watchmaking
history! The Watch Tour can be done either
by foot, Segway or bike. Duration: Optionally
a few hours or an entire day.
Swiss chocolate on every Ðight?
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It’s what you’d expect – and more. When you Ð y SWISS Business, discreet service and
regional cuisine come standard – and so does a fully Ðat bed. SWISS oøers a daily
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European destinations. For information and reservations please call 1-877-FLY SWISS,
contact your travel agent or visit
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J U N E /J U LY 2013
Travel News
The Schilthorn – Following the Footsteps
of James Bond
To celebrate the recent 50th anniversary
of James Bond movies, the Schilthorn
Aerial Cableway in the Bernese Oberland is
launching a special attraction: Bond World
007. Summer 2013 sees the opening of an
interactive exhibition and cinema, extending over 4300 square feet and dedicated
with S W I S S
Tours Chanteclerc, Switzerland
Tourism and Swiss International
Air Lines have become partners
to propose “Swiss Moments”,
offering new travel ideas.
Each holiday package provides
combining flights, hotels and
trains. The Swiss Travel System
transportation network is always
on time! Therefore, anywhere in
the country, you’ll find it easy to
get from one city to another.
www mom t
Would you like to explore
Switzerland the relaxing
way ? Travelling by train,
boat or postalbus is an ideal
way to go from point to point
within Switzerland, without
any stress.
to the death-defying exploits of 007. The
Schilthorn already holds a pride of place in
James Bond movie-making history. It was
here, on the 9722 ft Schilthorn summit with
its «Piz Gloria» revolving restaurant, where
«On Her MajestyÐs Secret Service» was shot
during the winter of 1968/9.
Verbier – First W Hotel in the Mountains
Ideally situated within walking distance of
Verbier’s town square and right next to the
main ski lift, the Medran Project by Les Trois
Rocs will bring holiday luxury to new heights
in one of Switzerland’s most attractive spots.
The project will comprise the «W» Verbier,
the first W hotel in the mountains, luxury
hotel residences, a spa and wellness center,
a gourmet restaurant, private apartments
and the commercial area «Place Blanche».
The Trois Rocs Project is scheduled for
completion in 2013.
sWorried about transfers ?
s How will I get to the hotels ?
s Are the proposed itineraries too short ?
sWould you prefer a customized itinerary ?
Splash e Spa Tamaro – New Water Park
opens in June
Splash e Spa Tamaro, on the outskirts of
Lugano, is an innovative new attraction in
the Ticino.
As the first water park ever, it more than
2.5 acres dedicated to leisure and wellbeing. Offering aquatic leisure activities
together with Spa and wellness treatments
in one single complex. Visitors find a wide
range of attractions such as slides, funnels,
whirlpools, saunas, Turkish baths and
Quebec permit holder
Matterhorn Lodge – New hotel in Zermatt
The Matterhorn Lodge, a unique combination of hotel and apartment building, offers
an atmosphere of peace and coziness. It
is a true alpine refuge in this astonishing
mountain area, equipped with the appropriate luxury of an up-to-date hotel. Most of
the old wood and the natural stone, which
give the building its special touch, find their
origin in this very region.
Love, Pain and Death – Kunsthaus Zurich
exhibits Edvard Munch
Love, pain and death, passion, loneliness
and sorrow: the entire work of Edvard Munch
(1863 – 1944) revolves around the fundamental experiences of human existence.
Munch is one of the undisputed precursors
of the Expressionist currents that began to
shape European painting in the beginning
of the 20th century. The Kunsthaus Zurich
is staging an exhibition featuring some 200
outstanding prints of international origin.
From October 4, 2013 to January 12, 2014.
Zurich Airport – The Circle Forms
«The Circle» combines the ambience of a
small town with the synergies of a large city
– directly at Zurich Airport. In the framework
of a well thought-out infrastructure, visitors
accustomed to an urbane lifestyle encounter upmarket Swiss quality offerings. The
biggest Swiss construction project covering
600,000 square feet of floor area provides
space for seven different modules: hotels,
headquarters & offices, health & beauty,
education & knowledge, culture & events,
brands & dialogue, counsel & services. The
groundbreaking ceremony is scheduled
to take place in 2014; construction of the
project is scheduled for completion in 2017.
Switzerland to launch first «Starbucks
on Rail»
Swiss Federal Railways (SBB) is to team up
with the coffeehouse chain Starbucks to
enhance the taste of travel for rail passengers. The first «Starbucks on Rails» restaurant will be in operation from autumn 2013
on the Geneva–St. Gallen–Geneva route, to
be followed by a second on the same route
in the spring of 2014. Switzerland is the first
country in the world where Starbucks has
launched a rail service.
Real Estate
Im mobilier
Original article by Mike Williams – CDML Director,
and additional information from as courtesy of
at once highly sustainable building on an
extremely tight downtown lot. The ambition is to be the greenest, and most energy
efficient commercial office building in the
City of Toronto, which ETFO hopes will be a
model for others to follow.
The Elementary Teachers’ Federation of
Ontario [ETFO], an organization representing over 76,000 teachers and education
workers in Ontario, plays a critical role in
recognizing that the people who teach our
children are pivotal in building our future.
To this end, the new ETFO head- quarters is
conceived as a pinnacle of sustainable building practice with goals for a minimum 60%
energy reduction over the Model National
Energy Code for Buildings [MNECB] and LEED
NC Canada Platinum certification. ETFO presented the design team with a formidable
challenge: design a light filled, glassy and
Targeting 56 LEED Points
45% open space
100% reduction, potable water required
for irrigation
• 50% reduction, in-building potable
water use
• 60% energy cost reduction over MNECB
• 95% construction waste diverted from
• 21% recycled content in building
• 39% regional content in building
• 81% FSC wood materials
• 100% adhesives, sealants, paints,
coatings, carpets and composite wood
comply with LEED’s stringent toxicity
Kuehne + Nagel Ltd.
[email protected]–
J U N E /J U LY 2013
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25 Adelaide St. E., Suite 1400, Toronto, ON M5C 3A1
Continued from page 25
A. Fully automated (interior and exterior)
solar shades reduce glare and solar heat
gain, reducing energy consumption
while increasing occupant comfort.
B. 100% fresh air, low velocity, low volume
displacement ventilation delivered
via raised floor plenum helps create a
healthy environment.
C. Daylight and motion sensors control
lighting levels to reduce energy
D. CO2 sensor controls ventilation levels
to ensure optimal indoor environment
for occupants while reducing energy
E. F Electric vehicle charging stations and
indoor bicycle storage complement
easy access to Toronto’s subway and bus
F. 68% of the roof is covered with a green
roof system. The green roof system pretreats rainwater, captured in cistern and
reused for landscape irrigation. Rainwater runoff is captured in a second cistern
and reused for toilet flushing.
G. Space heating and cooling is delivered
radiantly through the hydronic ‘capillary matt’ system: thousands of small
polyethylene tubes are installed above a
dropped ceiling system and convey hot
or cold water to add or remove heat as
H. The majority of the demand for heating
and cooling is met by high efficiency
heat pumps that use a large geothermal
field of eighty-four approximately 150m
[500 feet] deep wells below the building.
I. Floor to ceiling glazing for most regularly
occupied spaces maximize daylight
penetration and atrium allows daylight
to enter into the building core.
J. Careful siting and the implementation
of best management practices during
construction ensured that large existing
trees were retained onsite.
Canada Green building council (caGbc)
Established in 2002, the Canada Green
building council (caGbc) is a non-profit
national organization dedicated to leading
and accelerating the transformation to highperforming, healthy green buildings, homes,
and communities throughout Canada.
Buildings have a dramatic impact on our
environment. Not only do they consume
vast amounts of our natural resources, they
also contribute highly to climate change. By
building green, we can greatly reduce these
environmental impacts.
Leadership in Energy and Environmental
Design (LEED) is a third-party certification
program and an internationally accepted
benchmark for the design, construction
and operation of high performance
green buildings.
Amoureux de la Suisse ? Mordu de la course à pied ? Amateur de défis ? Le programme Challenge
SRCMC est ce qu’il vous faut ! Participez au Marathon de Lausanne - du 24 au 28 octobre 2013 - et
soutenez la recherche sur le cancer !
Pour plus d’information, consultez notre page Web :
ou communiquez avec nous au : 1-866 343-2262, poste 228.
In love with Switzerland? Enjoy running? Fan of challenges? The CRS ChallengeTM program is just
what you are looking for! Participate in the Lausanne Marathon -from October 24th to 28th 2013- and
support cancer research!
For more information, visit our webpage:
or contact us: 1-888 766-2262 ext. 228.
Art Basel
13 - 16 June, 2013 | Basel
Arts & Crafts
Scope Basel
11 - 16 June, 2013 | Basel
Arts & Crafts
Suisse Public
18 - 21 June, 2013 | Bern
Plant & Machinery
Si je savoure si souvent ces si purs suisses-ci de la Suisse, c’est parce que ces si purs
suisses-ci de la Suisse sont si savoureux. Pourquoi ces si purs suisses-ci de la Suisse
sont-ils si savoureux déjà? Ces si purs suisses-ci de la Suisse sont si savoureux parce
qu’ils sont faits comme seule la Suisse sait les faire. Si vrai, si pur, si Suisse. Si, si.
Découvrez-les sur les
Bio Marche
21 - 23 June, 2013 | Olten-Zofingen
Agriculture & Forestry
Ornaris Bern
11 - 13 August, 2013 | Bern
Home Supplies
15 - 18 August, 2013 | Lucerne
Agriculture & Forestry
20 - 22 August, 2013 | Zurich
Business Services
Expat-Expo Zurich
01 - 01 September, 2013 | Zurich
Educational & Training Institutes
Through your membership in the
SCCC, you can join a
group health insurance plan
The country’s leading benefit program
for small business
Covers businesses with up to
35 employees, including one
person firms
Is open to all industries
Pools claims for price stability
Never targets an individual firm for
a rate increase or cancellation
Offers a full range of benefits,
including coverage normally
reserved for big businesses
Discover the wide range of benefits
available to you, such as Health and
Dental, Critical Illness coverage, Short &
Long Term Disability income replacement
and more!
For more information, contact
Patricia Keller Schläpfer at the SCCC
or visit
Just how pure is this Swiss? Well, it’s so pure and so savoury that every taste is 100%
pure bliss. So when it comes to Swiss, there’s one thing that you should never miss.
Make sure to put authentic Swiss on your list. Because nothing else is this Swiss.
Get the real Swiss on
Imagine a country where public
transport is always on time.
Steamboat “Lötschberg” on Lake Brienz, Bernese Oberland
Just imagine. You can travel 26,000 kilometers by train, bus and boat with just one ticket. Switzerland is a country where
travel by public transport is as exciting as it is relaxing. Whether you are heading for the heights, traveling from city to
city or off the beaten tourist track – in Switzerland, trains, buses and boats are always ready and waiting to take you to
your dream destination. It’s not a transfer – it’s an experience. For more information go to,, or call 1-800-361-RAIL (7245).