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...

A Strategic Approach to Municipal Real Estate

This article was originally published in the March/April 2016 issue of Right of Way magazine. Carefully balancing a city’s social, cultural, environmental and financial objectives Maximizing the value of a city’s real estate assets can be a challenge for any municipality. However, through strategic real estate initiatives, the City of Ottawa has emerged as a leader in this area, demonstrating success in...

EXPROPRIATION: ‘SPECIAL ECONOMIC ADVANTAGE’ REVISITED

  When property is expropriated, several jurisdictions in Canada expressly provide that the owner is to be compensated for ‘special economic advantage’ incidental to the use of the property that is not otherwise captured in the market value of the property. However, there are very few cases that a claim for such compensation has succeeded. One might ask why. A case...

CUSPAP 2016

The Appraisal Institute of Canada (AIC) continues to be at the forefront of the changing trends facing our valuation profession. Providing Members with the tools they need to uphold public trust is a key priority. We are the leading valuation organization in Canada and are well respected internationally because our Members understand the importance of maintaining strong standards. The...

Valuing Solar Energy (Part 2)

Solar Panel

Engaging individuals, property owners and communities in generating clean energy to sell to the grid is a win-win for everyone. Cleaner energy, contributing to the greenness of the planet and getting paid to do it – it does not get much better than this. Drawing from the microFIT and FIT programs in Ontario, this two-part article discusses the program...

CUSPAP, the Ontario Expropriations Act and Jurisdictional Exception

CUSPAP

All appraisals completed in Canada by members of the Appraisal Institute of Canada (AIC) must comply with the AIC’s standards presented in the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP). All members of the AIC must receive regular instruction on CUSPAP compliance as a prerequisite for maintaining accreditation and membership status. The entirety of CUSPAP is subject to...

KPIs: Valuable insights or just more paperwork?

Key Performance Indicators

Key Performance Indicators (KPIs) are metrics or measures that can be used to determine and grade performance of just about anything. In business, KPIs represent the numbers that can be used to determine how an individual or an organization is performing. Organizational success depends on management’s ability to identify KPIs and pay careful attention to what the information is telling...