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...
Introduction On May 18, 2017, the Federal Court of Canada – Trial Division rendered its decision in Hodgson v. Musqueam Indian Band, 2017 FC 509 . It is the latest judicial consideration of the valuation of reserve lands for rental...
Affordable housing providers are increasingly interested in energy-efficient housing models that can achieve improved levels of building performance in support of lower cost housing and better quality living environments. For many, the rising cost of utilities can make even...
We recently published articles giving advice on how to avoid a professional practice complaint. However, if you do enough appraisal work over a long enough time, it is quite likely that someone will launch a complaint against you. Usually,...
Unmanned Aerial Vehicles (UAVs), more commonly known as ‘drones,’ have increased rapidly in popularity over the last few years. As UAV technology has improved, learning to fly them has become easier, the quality of photos or videos that can...
Although MLS® sales data is an important element of research used by appraisers, this article identifies the problems of using standard average MLS® board statistics to determine Time Adjustments in appraisal assignments. A CASE STUDY Below is a line of house...