2018 – VOLUME 62 – BOOK 3Entries appear in original language

Property rights: where do they come from and what do they mean?

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 the Magna Carta, signed in England in 1215. Before William the Conqueror invaded in 1066, England had Common Law in...

Getting to know AIC’s 0518 forms

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 our mission of promoting and supporting our Members in providing high-quality property valuation and advisory services for the benefit of...

Rebecca McClure on CRA Diversification

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 Sherrett, who has been a Member of the AIC since the early 1980s (currently retired), offered me an opportunity to...

Legal Privilege and Its Application to Appraisers

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 privilege and its impact on the production of documents. This concept impacts the work of independent expert witnesses, such as...

Rent review: does the existing lease matter?

LEGAL MATTERS Rent review: does the existing lease matter? By John Shevchuk, Barrister & Solicitor, C.Arb, AACI (Hon) When reviewing rent under a lease, does the decision-maker rely upon the terms and conditions of the existing lease or is there another reference point? The answer depends, of course, on the wording in the lease and can turn on some fine distinctions. General principles...

Green Home Appraising – A Developing Market Segment

By Preston Hartwig, M.A., RFPP, AIC Candidate Member, Red River Group, Swan River, MB In August 2017, the Canadian Government’s Build Smart – Canada’s Buildings Strategy was released. This strategy will lead to changes in the building code which will require all new homes to be ‘net zero ready’ by 2030. Along with changing consumer attitudes and financial institutions looking...

Real Property Appraisal Standard Rules: Stating, Describing and Analyzing Data

PROFESSIONAL PRACTICE MATTERS Real Property Appraisal Standard Rules: Stating, Describing and Analyzing Data By Grant S. Uba, AACI, P.App, Fellow Member, Investigating Sub-committee As a new member of the Investigating Sub-committee, Co-chair Kim Maber, AACI, P.App advised me of the most common Real Property Appraisal Standard issues found by members of the committee in reports subject to investigation. The most common issues have...

Appraiser Duty of Care – Lessons Reinforced Royal Bank of Canada v. Westech Appraisal Services Ltd.

LEGAL MATTERS Appraiser Duty of Care – Lessons Reinforced Royal Bank of Canada v. Westech Appraisal Services Ltd. By John Shevchuk, Barrister & Solicitor, C.Arb, AACI (Hon), R.I.(B.C.) The Supreme Court of British Columbia decision in Royal Bank of Canada v. Westech Appraisal Services Ltd. 2018 BCSC 473 (Westech Appraisal) delivered on March 23, 2018 provides an excellent case study on the scope of...

Improve your appraisal writing skills

Improve your appraisal writing skills By John Peebles, AACI, P.App, (RPF Ret.). John currently practices real estate consulting and valuation as the principal of Land Ethic Consulting Ltd., Victoria, BC “Give us the tools and we will finish the job.”  (Winston Churchill, February 1941) Real estate appraisers rely on a primary communication tool – technical writing – to clearly explain our opinions to...

Canada’s National Housing Strategy

Canada’s National Housing Strategy By Debbie Stewart, Vice President of Affordable Housing, CMHC Housing is at the centre of a vigorous debate about the kinds of communities we want to have in this country. Daily headlines remind us of the affordability pressures many Canadians are facing, especially in Toronto and Vancouver. In June 2016, the government asked CMHC to lead the development...