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Virtual Program

PLEASE NOTE: Photographs and videos shot at the 2023 AIC Annual Conference will be used in promotional materials, i.e., in print, electronic format, or in any other manner whatsoever, including on the AIC website. Registration for the conference signifies your free and knowing consent to this practice.


PLEASE NOTE: ALL TIMES LISTED BELOW ARE PST, LOCAL VANCOUVER TIME.

8:00 am – 9:30 am Opening Ceremonies & Keynote: Zahra Al-Harazi

Zahra Al-Harazi (Award-Winning Entrepreneur | Purpose-Driven Leadership Expert)

Considered among Canada’s most successful entrepreneurs, Al-Harazi helps people and organizations realize their potential for success by finding their purpose. She draws on her experience as a pioneering woman in the business world with a unique approach to attitude, leadership, and success, as well as her experience as a refugee, immigrant, entrepreneur, and community builder.

EDUCATION SESSION: Client Perspectives: What are the recent challenges, current risks and future opportunities for Canadian Commercial Real Estate Valuation?

SPEAKERS:

  • Dave Black (AACI, P.App, MRICS)
  • Amedeo Prete (AACI, P.App, MRICS)
  • Chris Tanner (AACI, P.App)
  • Andrel Wisdom (AACI, P.App)

Dave Black, the leader of JLL’s Valuation Advisory business in Canada, will host a panel discussion that provides a view on the current state of the commercial valuation profession from the perspective of AACI’s at some of the largest owners in the country. The conversation will cover recent value trends and experiences (eg. COVID-19, rising interest rates, ESG, etc.) as well as challenges facing current fee appraisers, opinion into best practices, the future path of the profession, etc.

EDUCATION SESSION: Deep Learning Application in Preparing Property Assessments

SPEAKER:

  • Ning Zheng (AACI, P.App)

This presentation will show the audience how to prepare assessments using deep learning (one of the machine learning technologies), specifically the Tensorflow Neural Network model (technology developed and maintained by Google). The presentation will include time adjustment analysis, data preparation, model building, and evaluation of the model output. The data (sales) used is from municipalities in the Province of Alberta. All the sales are single family properties.

EDUCATION SESSION: Assessment Appeals – Expertise Required for Success

SPEAKER:

  • Keith Maclean-Talbot (AACI, P.App)

The presentation will discuss the variety of strategies and industry relationships needed to be successful in the assessment appeal business (whether as an Assessor or Private Appraiser). The presentation format will involve a high-level look at the variety of assessment appeal processes across Canada and then drill down to the essential skills required to be successful in any assessment jurisdiction.

11:00 am – 12:30 pm EDUCATION SESSION: The “Business” Of Real Estate Appraisal

SPEAKERS:

  • Leigh Walker (CRA, P.App)
  • Mike Laporte (AACI, P. App)

Real estate appraisers must answer a number of questions during the analysis of a subject property to determine its value such as what are the market conditions, property type, externalities, positive and negative influences etc. But what about these questions for appraisal firm owners?

Are you running the most efficient appraisal firm? Have you maximized your earning potential as an owner of an appraisal firm? Is your business ready for the future of our profession? How well is your business likely to handle shocks to the real estate market or economic downturns? How well would your firm run without you? Do you have a succession plan or exit strategy for your business? Are you working ON or IN your business?

While these questions aren’t important to appraising real estate, these questions are integral to having a successful career as an appraisal firm owner. This informative and inspiring session will take a deep dive into all facets of running the most successful real estate appraisal firm possible in today’s climate.

EDUCATION SESSION: The AACI Path Less Traveled

SPEAKERS:

  • Laurel Edwards (AACI, P.App)
  • Renato Jadrijev (AACI, P.App)

A panel discussion with 4 individuals with AACI designations who have chosen roles outside of typical fee appraiser.  This panel will highlight all the ways a AACI can be valuable in a career path, beyond the typical route.

EDUCATION SESSION: Farm Value Trends & Considerations

SPEAKERS:

  • Kim Passmore (AACI, P.App)
  • Brandon Wilcox (AACI, P.App)

This presentation & discussion will go over some things to consider when valuing farms, such as; location, site composition, soil, tiling, etc. as well as a variety of market trends from the beginning of the pandemic until present. Some examples of trends include; changes in the contributory value of building improvements, increase in intensified livestock operation transactions, changes with respect to prime farmland and economies of scale, etc.

12:30 pm – 1:30 pm Networking Break with Volunteer Awards Presentation

(Tyler Beatty President’s Citation, Honorary AACI, 50 Year)

1:30 pm – 3:00 pm EDUCATION SESSION: What Lenders Look for in Appraisal Reports

SPEAKER:

  • Andy Pham (AACI, P.App)

It should be no surprise to you that the typical Lender does not read an appraisal report from start to end. However, there are sections that get scrutinized when Lenders underwrite a deal. Listen to what practices are in the market of published appraisal reports and which ones are more appreciated than others from the Lender’s perspective. Hear why you might want to spend extra effort on certain sections of your appraisal report. This could be a dry topic, but the speaker will try to entertain and educate at the same time. Join this session and form your own conclusion.

EDUCATION SESSION: Appraiser’s Role in First Nation’s Specific Land Claim

SPEAKERS:

  • Glen Earle (AACI, P.App)
  • Dan Doucet (AACI, P.App, Fellow)
EDUCATION SESSION: Natural Disaster Valuation Considerations

SPEAKERS:

  • John Glen (AACI, P.App)
  • Louis Poirier (AACI, P.App)

DESCRIPTION:

RECORD DAMAGES FROM NATURAL DISASTERS

ATLANTIC CANADA FIONA 2022

BC FLOODS AND WILDFIRES 2021

CUSPAP REQUIRES CONSIDERATION OF DETRIMENTAL FACTORS

RANDELL BELL INCLUDES NATURAL HAZARD IN HIS ANALYSIS OF DETRIMENTAL CONDITIONS

APPRAISERS NEED TO CONSIDER RISKS ASSOCIATED WITH BOTH WEATHER RELATED AND GEOLOGICAL NATURAL HAZARDS

SUGGESTIONS ON ADJUSTING THREE APPROACHES TO REFLECT NATURAL HAZARD RISK ISSUES ASSOCIATED WITH FLOOD

INSURANCE OR LACK THEREOF CHANGES TO BUILDING CODES AND PLANNING REGULATIONS.

CANDIDATE BREAKOUT: AIC Path to Designation

SPEAKERS:

  • Kevin Collins (AIC Director of Member Education)
  • Mike Schulkowsky (AACI, P.App)
3:00 pm – 4:30 pm Afternoon Keynote Presentation: David Chalk

Keynote: David Chalk 
Technology Navigator | Artificial Intelligence & Cybersecurity Expert
David Chalk is a Realistic Futurist with a 25-year history of accurately predicting the interaction of humans and machines. Awarded a Doctorate Degree in technology by the University of the Fraser Valley, Chalk presents what audiences need to know to succeed in business, technology and life. As an expert on technology and disruptive innovation, David has worked in Artificial Intelligence at the highest levels and can unconditionally confirm that humans will always triumph over machines and why.

EDUCATION SESSION: Reserve Fund Studies: Diversify your Practice

SPEAKERS:

  • Terry Dowle (AACI, P.App)
  • Jonathan Fenn (B.Comm)

Why are appraisers well-suited to conduct Reserve Fund Studies? What’s in it for me? What do I need to know? What tools are available to me? How can I gain experience? Who can I market for this work?

Reserve Fund Studies are reports that recommend funding options for condos to maintain their common assets.

These reports are required by several provincial acts and need updates as frequently as every three years.

This seminar is a crash course for understanding your next steps to diversifying your practice with Reserve Fund Studies, suitable for novices, experts, and everyone in between.

10:30 am – 12:00 pm EDUCATION SESSION: The “G” Element in ESG

Speaker: Brian Gay, AACI, P.App

Description: Through an interdisciplinary perspective, the session will present an understanding of governance. Interweaving the importance of having an equity, diversity and inclusion lens and culture, the session will provide a fundamental awareness of how governance can be measured and as such managed to provide effective decision making and management. This interactive session will draw from built environment examples and build on existing participant knowledge.

EDUCATION SESSION: Capitalized Income: The Subtle Difference Between Business and Real Estate Valuation

SPEAKER:

  • Alisa Zorina (AACI, P.App)

The presentation will address the difference in approach to capitalizing income from a perspective of business vs real estate valuation. Specifically, I will contrast stabilizing adjustments in real estate (bringing rents to market lvls) vs normalizing adjustments in business valuation (adjusting for non-recurring events). This will be the foundation from which I will demonstrate the difference between valuing a real estate asset (income approach) and valuing a business (income approach). In closing, I will highlight that a real estate valuator values the asset, while a business valuator values the operator of the collection of assets (that is, a business).

EDUCATION SESSION: The Valuation of Parking Stalls and a Real World Court Case

SPEAKER:

  • Pat Woodlock (AACI, P.App)

The presentation will examine the contributory value of parking stalls in various property sectors. Agenda:

  1. Introduction: Lost parking contributory values; the appraisal industry and litigation support.
  2. Contributory value of residential garages.
  3. Contributory values of parking stalls in new and/or underground parkades.
  4. Contributory value of ‘lost’ parking stalls in a retail investment property.
  5. When to apply such analysis.
  6. The bulk of the presentation will be a review of an applicable court case:
    • The subject property, the appraisal problem, and the valuation technique.
    • Expert witness experience in this case and in others.
    • The outcome.