With the recent implementation of cannabis legalization in Canada, Appraisal Institute of Canada (AIC) Members must be aware of their obligations and responsibilities under the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) and the Personal Information Protection and...
LEGAL MATTERS By John Shevchuk, Barrister & Solicitor, C.Arb, AACI(Hon.) When a person has his or her property interests expropriated, should the expropriating party be able to deduct actual or estimated costs to remediate contamination? American courts have arrived at different...
PROFESSIONAL PRACTICE MATTERS Submitted by the Members of the Professional Practice Committee In response to the ever-changing face of the real property valuation industry, in August 2018, the Appraisal Institute of Canada (AIC) issued a rare mid-cycle change to the Canadian...
What motivated you to choose the appraisal profession? I found out about the appraisal profession while working towards my Bachelor of Commerce degree in Real Estate and Housing at the University of Guelph. Jane Londerville, who launched the real estate...
September 15, 2018 marked the 10-year anniversary of the filing for bankruptcy of Lehman Brothers, an event that many mark as the beginning of the Global Financial Crisis. With that anniversary came the obligatory reporting that we are in...
By JT Dhoot, AACI, P.App, CBV Real property appraisers often value special-use properties, hotels and seniors care facilities, to name a few, on a going-concern basis. The term ‘going-concern’ is not defined in the Canadian Uniform Standards of Professional Practice...
By George Canning, AACI, P.App Since real estate valuation is pertinent to the future benefits of property rights, it is important for appraisers to understand the source of those rights and their implications for the appraisal process. Our examination begins with...
Professional Practice Matters - Getting to know AIC’s 0518 forms By Thomas Fox AACI, P.App, Volunteer Chair, Professional Practice Committee As the country’s leading real property valuation association, the Appraisal Institute of Canada (AIC) is always looking for new ways to fulfill...
A Professional Appraiser’s Perspective - Rebecca McClure on CRA Diversification Can you give us a brief background on your education and career path to this point in time? RM: I joined the Appraisal Institute of Canada (AIC) in 2004. My aunt, Linda...
LEGAL PRIVILEGE AND ITS APPLICATION TO APPRAISERS  By Shane Rayman, Partner; and  Conner Harris, Lawyer; Rayman Beitchman LLP Within the context of the litigation process, one of the most important issues for the parties to the litigation is the scope of...