CPV Magazine 2017 – VOLUME 61 – BOOK 3Entries appear in original language

Legal Matters: Valuation of Reserve Lands Revisited

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 purposes and, as one would expect, Hodgson relies upon the Supreme Court of Canada decision in Musqueam Indian Band v....

Passive approaches to low-energy affordable housing

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 the lowest-cost housing unaffordable, or force them to make hard choices between utilities, groceries and other basic needs. For housing...

Professional Practice Matters: How Complaints are Administered

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, complaints come from the general public, often the owner of the property you appraised, or from lawyers or lenders, other...

An Appraiser’s Eye in the Sky

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 be taken has improved, and the price of purchasing a good quality unit has decreased. As a result, UAVs have...

Time Adjustments: Why the average MLS® selling price should not be taken at face value

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 sales for the years 2015 and 2016. This regression line (best fit) suggests that the houses are all the same....

Professional Appraiser’s Perspective: On appraisals involving affordable housing

What types of property come into play when you are talking about affordable housing? Affordable housing can range from single-family homes to large apartment complexes. These include rent-to-own single-family homes and ‘sweat-equity’ projects, where a family can help to build an affordable house. Small apartment buildings can be managed by co-operatives to create affordable options. Co-ops and other non-profit groups also...

Beyond the Appraisal Report: The Appraiser’s Voice

Ideas and reality There are at least two ways of inquiring into highest and best use. One is to study the concept in books and/or attend lectures and conferences. The other is to visit a parcel of land and look deeply into what is happening on site and around. The first approach is about the world of models and ideas; the second will...

Stay out of Trouble Part 2

Some Do’s and Don’ts (if you want to avoid a Professional Practice Complaint) In Volume 61, Book 1 of CPV magazine, we provided case studies to illustrate some of the ways our Members get in trouble with the Professional Practice Committee. We continue on that theme in this article and provide a few more ‘do’s’ and ‘don’ts’ that may help...

An interview with Krzysztof Grzesik, REV, Chairman of TEGoVA

AROUND THE GLOBE: An interview with Krzysztof Grzesik, REV, Chairman of TEGoVA and VP of the Polish Federation of Valuers’ Association. What is your position and role with The European Group of Valuers’ Associations (TEGoVA)? I currently serve as the Chairman of the Board of Directors of TEGoVA, while also representing and serving as Vice President of one of its...

Expert Witnesses: Assessment of Credibility

By John Shevchuk Barrister & Solicitor, C.Arb, AACI(Hon) Previous columns in this publication canvassed the requirements now imposed upon appraisers appearing as expert witnesses before courts and other tribunals. It is now routine for Rules of Court to expressly state the duty of an expert witness to assist the court and to not be an advocate for any party. This express...