Closing the Technology Gap

Closing the technological gap

Commercial real estate (CRE) has traditionally lagged other industries in technology investment, but this is all set to change Developers and owners spend billions every year on future proofing their CRE assets by using the best materials, improving their sustainability or through cutting edge smart building devices designed to appeal to demanding occupiers. For an industry that can deliver stunning developments...

The Use of Graphs in the Appraisal Process

The use of graphs in appraisals

Introduction Real estate practitioners are using more visual aids than ever before to describe data in their appraisal and consulting reports. Graphical knowledge is key in terms of using them properly. There are many statistical programs in the marketplace that can produce a wide variety of graphs, including sophisticated data analysis – SPSS, Mini Tab and ‘R,’ to name a few....

History of the Standards

History of the standards

Professional associations maintain professional standards for their members; it is a hallmark of a professional organization. These standards reflect a combination of excerpts adopted from the standards of other similar organizations, sections developed to reflect court decisions, statutes and common law, and common sense. For many years, the Appraisal Institute of Canada (AIC) requirements for professional practice and ethical...

CRA Diversification

CRA Diversification

CRA DIVERSIFICATION Here are some examples of how CRAs have successfully diversified their practice. Kari Benum, CRA Reserve fund studies Kari Benum, CRA was fortunate to work for a large appraisal firm exploring a new line of business in reserve fund studies, also known as depreciation reports in British Columbia where they were legislated in 2011. “Along with an AACI in the company, who...

When Chattels Become Part of the Real Property

Canadian Property Valuation magazine

In the sale of real property and in landlord and tenant arrangements, it is quite common for questions to arise over the ownership of buildings, structures and other items that are on the land at the time of sale or at the end of a tenancy. The question revolves around whether a particular thing is a chattel or has...