Property taxes in most Canadian municipalities now constitute a significant part of home ownership costs. Normally, in assessment or appraisal theory, it is stated that home values or sales prices drive assessment values, which, in turn, drives the level...
With the advent of new Office of the Superintendent of Financial Institutions (OSFI) regulations implemented in January 2018, the landscape of the federally regulated lending world has altered. A new minimum qualifying rate, also called a ‘stress test,’ is...
The past year brought with it considerable political and economic uncertainty for Canada, as many watched the US economy grow under a low inflation environment. Moving into 2018, the Canadian commercial real estate market appears to be capitalizing on...
In September 2017, the Appraisal Institute (US) held a Property Rights Symposium to consider issues relating to the valuation of fee simple estates. On December 21, 2017, a document entitled Property Rights Symposium Discussion Paper (Discussion Paper) was prepared...

Growth Industry

An appraiser from Colorado talks about how increasing acceptance and legalization of marijuana are changing the real estate landscape ©2017 Reprinted with permission from the Appraisal Institute, Chicago, Illinois. All Rights Reserved. As Canada prepares for the legislation of marijuana, AIC...
With the recent upward cycle in the commercial real estate (CRE) market, both property values and property tax disbursements are reaching record highs. As the CRE industry continues to attract capital at record levels, the competition for available assets...
*Adapted from a presentation made by Giovanni Geremia, maa, oaa, aaa, saa, mraic at the Appraisal Institute of Canada 2016 Annual Conference in Winnipeg “When we build, let us think that we build forever. Let it not be for present...
In a rent review under a lease, the lease must be read to determine the basis upon which the landlord and the tenant have agreed rent will be reset. Is the rent to be based on the market or...
(Part of this article is reproduced with permission from The Advocate. ’A View From the Centre’ (2017) 75 Advocate  555) As appraisers, we are often retained to provide independent expert opinions on real estate valuation matters. In the adversarial process...
The fine line of lawyer involvement in the stages of drafting an expert report An AIC Member may be asked to prepare an expert report in anticipation of a dispute over real property, be it a marital dispute, a dispute...