Draft Reports: When are they appropriate? What are your obligations?

Antoine F. Hacault, Barrister & Solicitor, is an associate member of the Appraisal Institute of Canada, takes CUSPAP courses, is an editor of Sauder School of Business Valuation texts, and is a regular presenter at appraisal conferences.   Have you ever had a client or a lawyer ask you to prepare a draft report? Did it later come back and haunt...

Stay out of Trouble — Some Dos and Donts if you want to avoid a Professional Practice Complaint

This article is intended to provide a short list of some of the most common mistakes and unprofessional conduct that result in complaints to the Appraisal Institute of Canada (AIC). Forgive us if some of these seem obvious, but rest assured we have seen it. Like the commercial says “we cover it all because we’ve seen it all.”   CONFLICT...

Policy Options with Alberta Farmland Assessments

Current policies Alberta is now in difficult economic circumstances due to a downturn in world oil prices. Coupled with a change in Alberta’s government, this has resulted in reviews of the public sector and its financing. In 2016, Alberta Municipal Affairs reviewed its Municipal Government Act, which, in part, outlines the assessment procedures and standards for farm properties. Currently, Alberta municipalities...

Crossing the Data Chasm: Having the Right Tools is Just the Beginning

Technology and data continue to permeate every aspect of every industry, and commercial real estate (CRE) is no exception. Traditionally based on experience and know-how, the CRE industry is now recognizing the benefits of investing in technology, and the value of data and analytics. While we have made great improvements to data integration and standardization, CRE is still well behind...

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...