AIC’s self-regulation model: how it works and why it successfully protects the public

AIC’s self-regulation model: how it works and why it successfully protects the public By Richard Colbourne, AACI, P.App President Elect, Volunteer, AIC Professional Practice Committee The effectiveness of the self-regulation of an industry or profession is continually being scrutinized by the public and government as they strive to minimize risk and protect consumers. Self-regulation is critical to the sustainability of a profession...

CMHC assessment and outlook for Canada’s housing market

On October 26, Canada Mortgage and Housing Corporation (CMHC) released its quarterly Housing Market Outlook, at a time when many factors that influence Canada’s economy and demographics are in flux. The result is a national picture that reflects three distinct regional disparities: strong price growth in British Columbia and Ontario; weaknesses in oil-dependent provinces of Newfoundland and Labrador, Saskatchewan...

Mentoring – A great way to successfully build your company

Company: Jackson & Associates Ltd. Location: Courtenay, BC Year established: 1980 Services: Full range of residential, commercial and industrial appraisal services # of staff: 9 # of AACIs: 3 # of CRAs: 2 # of Candidates: 1 For Dan Wilson, AACI, P.App, Fellow, former president of the Appraisal Institute of Canada (AIC) and president and owner of Jackson & Associates Ltd., recruiting Candidate Members, helping them develop...

Telecom valuation: Metro Vancouver’s experience

Background Metro Vancouver (MV) is a partnership of 21 municipalities, one Electoral Area and one Treaty First Nation that collaboratively plans for and delivers regional-scale services in the Lower Mainland region of British Columbia. Its core services are drinking water, wastewater treatment and solid waste management. MV also regulates air quality, plans for urban growth, manages a regional parks system...

The retail landscape in Canada

The global retail environment is in the midst of an industry wide shift, as the online shopping experience continues to improve. Consumers are placing a greater emphasis on convenience and today’s successful retailers are combining bricks and mortar stores with e-commerce to drive total sales. Additionally, some companies are breaking the mold by first opening online stores and then...

Negligent misrepresentation and the ‘special relationship’

In addition to the standards dictated by the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP), appraisers have a common law duty of care that is delineated by contract and by the law of negligence and negligent misrepresentation. Contractual duty of care is dictated by the terms of an appraiser’s contract with a client, but the duty of care...

CUSPAP 2016 – Get to know it

A COLLABORATION BY THE VOLUNTEER MEMBERS OF THE AIC APPEAL SUB-COMMITTEE:  ALLAN BEA TTY, AACI, P.APP, FELLOW; DAVID BABINEAU, AACI, P.APP, FELLOW; GORDON TOMIUK, AACI, P.APP, FELLOW; ROBERT ROBSON, AACI, P.APP, FELLOW; PETER LAWREK, P.APP; AND JOHN SHEVCHUK, AACI (HON) This article furthers the discussion on the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) 2016 started by Darrell Thorvaldson,...

Darrell Thorvaldson on Appraising Machinery and Equipment

What prompted you to diversify your practice into the area of machinery and equipment valuation? DT: I began my career appraising residential property and then continued to move into commercial, industrial, agricultural and other types of special purpose properties. In the valuation profession, at one time or another, we have all fielded requests for assignments to appraise different property types....

RELIANCE LETTERS: Consider the Risks

An adaptation of the Professional Excellence Bulletin by Scott McEwen, AACI, P.App and Nathalie Roy-Patenaude, AACI, P.App Appraisal Institute of Canada (AIC) Members are frequently asked to authorize by a party, other than the one(s) intended at the time of the completion of the assignment, to rely on their report. This can be a lender requesting authorization to use the appraisal...

What is the worth of the Royal Regina Golf Club?

  By Peter Lawrek, AACI, P.App, Fellow (in collaboration with the AIC Appeal Sub-Committee) The purpose of this article is to cover some of the factors considered in golf course appraisals. This information is presented for education purposes – it is not an appraisal, since it was not prepared in accordance with the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP). I...