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...

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...