The Appraisal Institute of Canada was founded in 1938 with the aim of serving public interest through the stringent advancement of high standards for appraisal professionals. Initiatives such as granting the use of designations, the establishment of ethical and professional standards, and the creation of strategic partnerships with financial organizations and government bodies, have made the AIC a leading and authoritative voice in the appraisal industry for over 60 years.
In the late 1960s, Dr. Samuel Martin from the business school of the University of Western Ontario was commissioned by the AIC to evaluate the structure of the Institute. His recommendations led to the creation of provincial associations, formed in each province to serve all members better.
In 1968, a motion was passed to form the first AIC branch office, then called the Ontario Association of Chapters. The Ontario Association of the AIC has the distinction of being our organization's first provincial office, and remains to this day, the largest in Canada with 16 chapters!
Proud members of this early group witnessed their first annual conference in Toronto in 1969, and their first charter in 1971. Marked by these successes, the OA-AIC continued to grow and now boasts an active professional development program with seminars, workshops and an annual two-day conference, in addition to public relations liaisons with others in the business community and executive offices in Toronto.
With 1,800 current members in Ontario, the members are renown for providing property appraisals that are widely accepted and respected by courts, real estate corporations, chartered banks, trust companies, mortgage lending institutions, all levels of the government and private individuals. The OA-AIC remains dedicated to providing its members with the necessary skills to present detailed and knowledgeable property appraisals and consulting services.
The OA-AIC conducts an annual strategic planning exercise to identify objectives for the medium-term, but generally, the Association's activities are in two broad areas: assisting the individual member in advancing their business or career through information, professional development and services; and promoting awareness of the profession to targeted audiences such as the major consumers of appraisal and real estate consulting services.
The Ontario Association of the Appraisal Institute of Canada (OA-AIC), is the largest and best-known organization of real estate appraisers, valuators and property consultants in Ontario.
Real estate appraisers hold the designations: AACI, P.App (Accredited Appraiser Canadian Institute) and CRA, (Canadian Residential Appraiser) as awarded by the Appraisal Institute of Canada. The designations mean that the member has met the highest professional industry standards in Canada.
Their work in valuation and consulting is recognized by business, courts and governments.
The Ontario Association helps the public find designated appraisers for residential, commercial, industrial and investment type properties and helps people interested in learning more about real estate appraisal and the property valuation profession. The Ontario Association works in cooperation with the Appraisal Institute of Canada to provide various services to the members of both organizations.
We provide courses and seminars in real estate appraisal and professional development for existing appraisers.