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2019 AIC Conference Program

7:00 a.m. - 4:00 p.m. AIC Golf Tournament
  • Wednesday, June 5, 2019
  • Time: 7:00 am – 4:00 pm
  • Cost: $135.00
  • Location: The Wilds Resort – 299 Salmonier Line Route 90 Holyrood, NL, A0A 2R0

The top-rated 18-hole golf course at The Wilds is world-renowned not just because of its clear greens and gorgeous fairways. The course is truly unique because of the land surrounding the course. Situated in the beautiful Irish Loop and nestled on the banks of the Salmonier River, you’ll be hard pressed to find a more picturesque place to tee off. Golf rate includes transportation, green fees, cart and lunch.

1:00 p.m. - 4:00 p.m. Pre-Conference Hiking Activity
  • Wednesday, June 5, 2019
  • Time: 1:00 pm – 4:00 pm
  • Cost: $20.00

Attendees of this event will be picked up by AIC local committee volunteers at the Delta Hotel lobby and be lead on an urban hike through old St. John’s, passing through George Street, the ecclesiastical district, historic Gower Street and the picturesque Battery neighbourhood. Beyond the Battery, the walk will be more challenging and follow a narrow foot path along the coastline to access Signal Hill from the rear. Following a brief stop at Signal Hill, the hike will continue on to Quidi Vidi Village and end at a local microbrewery for refreshments.  The group will return at their leisure from Quidi Vidi Brewery to the Delta Hotel by taxi. The tour cost covers: refreshment and transportation back to the hotel. This tour will be approximately 2.5 hours.

6:00 p.m. - 8:00 p.m. Welcome Reception

Join us at the St. John’s Convention Centre in the main lobby to kick off the conference! Pick up your registration package, make new connections and reconnect with colleagues. Appetizers and drinks will be available!

Dress code: business casual

8:00 a.m. - 9:30 a.m. Opening Ceremonies & Keynote Speaker: Brad Gushue

The Appraisal Institute of Canada is proud to announce its Keynote Speaker to the 2019 AIC Conference –Olympic Curler, Brad Gushue. An Olympic Champion, the Tim Hortons Brier Champion for 2017 and 2018 and is currently ranked #1 in the world.

An impressive and extensive curling career has awarded Gushue with many major accomplishments while representing Canada on the World curling circuit.   In 2006, incredible teamwork and leadership won them Gold at the Olympic Games. The Gold medal marked the first time that a Canadian team has won the Gold medal for men’s curling.  With his teammates, Gushue became the first Newfoundlander ever to win an Olympic gold medal.

 At the 2018 Tim Hortons Brier Gushue set a new record for Brier game wins as a Skip, breaking a three-way tie with previous record-holders.  Gushue and his rink also won 2017 Ford World Men’s Curling Championship.

 Brad shares how a focus on building a strong team, mentoring teamwork, and overcoming all obstacles in high pressure environments was key to their top performance.  Brad inspires his audience through his stories of leadership and how to prepare a team to succeed.

10:00 a.m. -11:30 a.m. Plenary: Are appraisers prepared for the future?

About

This session is a perennial conference favorite!  Come hear from seasoned real estate industry executives as they discuss the dramatic changes being driven by technologies like Artificial Intelligence, Predictive Analytics, and more.  They will also provide their insights regarding how all these changes will affect both the appraisal profession and the real estate industry as a whole.  This year’s session will include an audience Q&A.

Speakers

Paul Morassutti, AACI, P.App, CBRE Ltd.

Andrew MacLeod, AACI, P.App, Colliers International

Colin Johnston, AACI, P.App, Altus Group Ltd.

1:00pm - 2:30pm The emergence of the Co-Housing model in North America

About

Cohousing communities are socially-oriented neighborhoods that provide the human connection for which many people are yearning. Small homes or apartments are clustered around a pedestrian environment, with extensive common facilities. Neighbors participate in the management of their community, socialize spontaneously, and regularly dine together in their shared community building. The quality of life is palpable – children safely roaming together under many watchful eyes, elders enjoying companionship and engagement, people of all ages giving and receiving support in countless ways, from borrowing a cup of milk to running an errand. Over 150 cohousing communities are now built in North America, with numerous others in different stages of formation and development. In this session, architect Mary Kraus, who has been working with cohousing communities across North America since 1990 and has lived in cohousing for the past 25 years, will cover the cohousing model in depth, with ample time for questions and discussion.

Speaker
Mary Kraus, AIA, LEED BD+C, Mary Kraus Architect

Asset Management: Expanding roles for the Appraiser

About

Organizations that require real estate assets to deliver services need to be evaluating the overall asset performance.   Asset Management Plans (AMP) are now becoming an important part of the real estate industry as both public and private organizations turn to their real estate holdings to improve upon financial performance and service delivery.   Appraisers are typically involved at the tail end of Asset Management Plans by consulting only on the Disposal Process.  However, there are multiple opportunities for appraisers to leverage their knowledge and training in the development of Asset Management Plans.

In 2000, eleven municipalities were merged to create the City of Ottawa which was faced with developing and implementing a Comprehensive Asset Management Plan to rationalize the real estate portfolio.  Robin Souchen BA, AACI, is the Manager of Realty Services for the City of Ottawa and part of a real estate team rationalizing the City’s corporate portfolio. Mr. Souchen’s presentation will provide an overview of the process to generate an AMP and its real time results while concentrating on areas where the professional skills of an appraiser were value added and critical to decision making.  The presentation is intended to expose fee appraisers to new consulting opportunities and non fee appraisers, working for organizations holding real estate, insight into the relationship and interdependence of policies, operations and strategic planning in the delivery of services and programs.

Speaker

Robin Souchen, AACI, P.App, Manager Corporate Services Department, City of Ottawa

The Cannabis Industry-Potential Impact on BC Land Uses

About

A review of the emerging cannabis industry in Canada and its potential impact on land uses with a particular focus on the Lower Mainland of British Columbia. Understanding both the trends towards development of the cannabis industry and the trade-off between it and production of agricultural produce is essential to properly measure the impact of this newly legalized industry.

Speaker

Craig Hennigar, AACI, P.App, Canadian Director of Market Intelligence, Colliers International

3:00 p.m. - 4:30 p.m. First Nation Property Taxation and Assessment

About

For the last forty-five years, First Nations in Canada have been developing property tax jurisdiction on their lands, and since the early 1990’s it has witnessed remarkable growth: from five First Nations in two provinces, to now over 180 First Nations in every province except PEI. This growth has been coupled by increased commercial and residential development, especially in urban areas where there is often a shortage of developable land. Development and tax jurisdiction provides a significant economic and fiscal benefit for First Nation communities and adjacent jurisdictions. The growth in First Nation property taxation is largely attributable to the work of First Nations leadership that are leading the way in expanding jurisdiction, the First Nations Tax Commission, which has provided leadership and regulatory support, and the involvement of key regional assessment service providers such as BC Assessment and MPAC. The presentation is designed to provide information to appraisers who specialize in many valuation sectors on the regulatory frameworks that support First Nation taxation. Special focus will be provided on the BC experience which has nearly 100 taxing First Nations, and recent expansion in Ontario.

Speakers

Bill Dawson, AACI, P.App, Manager of First Nations Assessment, BC Assessment

Chris Fusco, Director of Real Estate & Strategic Accounts, MPAC

Trenton Paul, Director of Policy and Law Review, First Nations Tax Commission

 

Expropriation insights for large linear projects

About

Land acquisition for large linear projects is complex and dynamic. Using recent major linear projects, the presenters will highlight opportunities for the profession to serve the public’s interest in these multifaceted projects. This will include an holistic view of project and the regulatory settings, items for the appraisers’ laundry list when completing linear valuation work, common pitfalls in appraisal reports, and paths to successful acquisitions and dispute resolution.

Speakers

Kirk Norine BSc., MRICS, AACI, P.App, Manager, Land Standards & Land Management Highways and Infrastructure, Government of Saskatchewan

Todd Pickett, AACI, P.App, Nalcor

James Hardy, MRICS, AACI, P.App, Manager, Acquisition & Disposal, Transportation and Infrastructure Renewal. Province of Nova Scotia

 

Complaint Resolution - Navigating the Process

About

Our session will give a brief overview of the complaint resolution process. Then we will present three examples of complaints received by the Counselors and discuss options and soliciting audience feedback for recommendations, then present the actual resolution. Obviously, names will be changed, and situations modified to protect confidentiality. We will then have a panel discussion with audience participation to identify and Discuss common misconceptions about complaints. The intended outcome of the presentation is to help participants avoid being on the receiving end of complaints and what to do in the event of a complaint.

Speakers

Louis Poirier, AACI, P.App, Director, Property Tax Complex Ryan ULC

Brian Varner, AACI, P.App,

Larry Brewer, AACI, P.App, President, Appraiser Canada Inc

 

6:00 p.m. - 10:00 p.m. Networking Night – Newfoundland Kitchen Party

Pick up Location: Delta St. John’s Hotel
Event Location: The Rooms
Shuttle Departure Time: 5:45 p.m. – 6:45 p.m.
Event Time: 6:00 p.m. – 10:00 p.m.

This year’s networking night will be a Newfoundland Kitchen Party at The Rooms, a historic museum in St. John’s. Prepare yourself for an evening of delicious food, exciting activities and lots of networking!

 Dress Code: Business Casual, it may get cold at night so consider bringing a wind breaker.

6:00 a.m. - 7:30 a.m. Morning Run

Sponsored by Verra Group

This year’s AIC Conference run will cover 5.5 kilometres of the Grand Concourse. The Grand Concourse is an integrated walkway and green space network connecting 10 municipalities in the North East Avalon Area. It currently has over 200 kilometres of maintained walkways linking every major park, river, pond and green space in the region. The Grand Concourse is a runners paradise.

Runners will be taken by bus from the conference hotel, to the start of the run at the Fluvarium, an ecological exhibit located near Memorial University. The run will be mostly downhill (except for a ½ km section near the start), and will follow the trail around Long Pond, downhill along the Rennies River, and end at the Rower statue at Quidi Vidi Lake, the site of the Quidi Vidi Regatta – the oldest sporting event in North America. Coffee and snacks will be served to runners at the lake before being bussed back to the conference hotel.

8:30 a.m. - 10:00 a.m. Emerging Technological Changes and the Valuation of Residential Development Land

About

This seminar will cover the technological changes and emerging trends in the appraisal of residential development land. Evolving technological trends will have a major impact on traditional market analysis in determining demand, product, competitive supply, pricing, absorption, etc. The presented material will discuss the current trends in data collection and analytics, including the emergence of Artificial Intelligence, Big Data and Predictive Analytics. Set against this evolving backdrop, the presentation will focus on current methodologies/procedures for valuing residential land, including time-line concepts, relevant cost inputs, determination of appropriate rates of return and the relationship of line item profit and discount rate. The seminar objective is to inform, challenge and provide valuable appraisal reference.

Speaker

Paul D. Bender AACI, P.App, Executive Vice President, Research, Valuation & Advisory, Altus Group Limited

 

Disruptive technology - How Airbnb is changing the real estate market

About

To be announced

Speakers

Emily Bourque, Owner and Air BnB Superhost

Monique Rosszell, AACI, P.App, Senior Managing Partner, HVS

Kerrie Russell, AACI, P.App, Managing Director – Canada, HVS

How changing demographics will influence the Canadian real estate market

About

To be announced

Speaker
Peter Norman, Vice President and Chief Economist, Altus Expert Services Toronto, Altus Group

10:30 a.m. - 12:00 p.m. Form Fillers - More than Just a Form

About

Residential appraisers … pause for a moment and reflect on your work … and now consider these excerpts from a provocative appraisalbuzz.com article: “Are you form filling … or communicating? If you are not communicating, then your … “form filling” abilities are functionally obsolete, out of date, and no longer needed. To get paid more, you have to make yourself worth more …. Do something positive about your problem, increase your skills and knowledge and make more money.” The author of this excerpt differentiates between true valuation professionals and those who have “only enough dated knowledge to fill out an appraisal form and not enough skill to analyze the transaction and meet today’s needs.” Form appraisal reports can be a major advantage in residential appraisal – facilitating an expedited, summarized report, while at the same time ensuring that both Standards and client expectations are met. Clients appreciate the standardized format, so they can quickly find the information they need. Appraisers like the tidy, self-enclosed, and comprehensive format — fill in what’s required and get ‘er done. But for all these benefits, the forms can also be abused, when they become “fill in the blank” exercises without adequate due diligence. The forms were created in line with the AIC standards, but it is ultimately the appraiser’s responsibility to verify that his or her appraisal report conforms to professional appraisal practice. Of particular concern is where the form becomes a substitute for providing truly professional work. If the form constrains the appraiser from showcasing their knowledge and expertise, then a powerful tool may become a source of lost business opportunities. This course explores how residential appraisers can use appraisal forms to their full advantage, yet still produce professional results. In light of challenges from AMCs and AVMs, residential appraisers must re-think the “value” relationship – in terms of both the credibility of their market value conclusions and the value they offer clients. More detail in appraisals helps both goals — not only do you avoid difficult questions later, but you also produce a more detailed, more professional appraisal that may better address your client’s needs and thus better support your desired fees. Win-win! This webinar explores the common areas for difficulties in residential form reports and suggests practical solutions to avoid these issues.

Speakers
Dan Brewer, AACI, P.App, Fellow, Senior Appraiser, Appraisers Canada Inc.

Deana Halladay, CRA, P.App, Owner, Halladay Appraisal Services Ltd.

Mario Musso, AACI, P.App, President, Musso Appraisals & Consulting

 

The Future of Real Estate is Alternative Assets

About

Scott will provide an overview of Alternative Assets from an Institutional perspective including the past, present and future view of Alternative Assets as well as a review of Alternative Assets within Real Estate and how this trillion dollar investable marketplace is transforming how we use and invest in Real Estate and what this means to the valuation industry and its stakeholders.

Speaker

Scott McEwen, AACI, P.App, Sr. VP & Sr. Managing Director, CBRE

The Tracking of Global Capital into Real Estate

About

Since 2000, Real Capital Analytics has been tracking cross-border capital flowing into the world’s investment real estate.  Their 19-year time series of detailed transaction data (transactions over $7.5m) gives their users a unique insight into the movements and volumes of this capital.  They have also developed a number of analytical tools for highlighting trends and provide strategic direction for decision-makers and their advisors.  Steve will give us an overview of these trends and tools with a particular focus on Canada’s incoming and outgoing real estate capital.

Speaker

Steve Williams, Executive Managing Director, Real Capital Analytics

1:00 p.m. - 2:30 p.m. How GIS is shaping the future

About

To be announced

Speaker

Paul Voegtle, Product Specialist – Location Analytics, Esri Canada

Market Analysis Reports– The Why – The When – The How

About

To be announced

Speaker

Glenn Earle, AACI, P.App, Regional Manager, Valuation Program, Public Services and Procurement Canada

André Morin, AACI, P.App, Chief Appraiser, Public Services and Procurement Canada

Legal Liability and How to Meet the Expected Standards of Care

About

One of the most recent pronouncements on appraiser liability took place in the 2018 decision of the BC Supreme Court known as RBC v. Westech Appraisals. The trial lawyer and the chief expert on duty of care will discuss the issues raised in the lawsuit and the challenges faced by both appraisers and lawyers in the current legal environment.

Speaker

Allan Beatty, AACI, P.App, Fellow, Senior Associate, Kent Macpherson

Nigel Trevethan, Partner Harper Grey LLP

3:00 p.m. - 4:30 p.m. Annual General Meeting & Awards Presentation

The Appraisal Institute of Canada 2019 Annual General Meeting will take place at the St. John’s Convention Center, 50 New Gower St, St. John’s, NL A1C 1J3 on Friday, June 7th, 2019 at 3:00 p.m. (NDT). If you are unable to attend the 2019 AGM, you may view a live webcast by registering in May.

Detailed information regarding the webcast will be posted April 2019 in the members section of the website.  

6:30 p.m. - Midnight President’s Dinner Gala

Cocktail: 6:30 p.m. – 7:00 p.m.
Dinner and Awards Ceremonies: 7:00 p.m. – 9:00 p.m.
Billy and the Bruisers Band: 9:00 p.m. – Late

8:30 a.m. - 10:00 a.m. Property Cycles: Implications for Development & Investment Consulting

About

Property cycles have long been recognized as related to the business cycle, however the characteristics of cycles are different for each property type. A dynamic model of property cycles is presented and discussed in the context of residential, office and industrial properties. In the past, application of property cycle models was difficult due to limitations of market data and cost of software. These barriers no longer exist allowing appraisers to analyze properties in the context of local market cycles. The presentation ends with a discussion of the implications of property cycles on development consulting and investment valuations.

Speaker

Terry Brooke, AACI, P.App, Managing Partner, Bourgeois Brooke Chin Associates

Social Media Best Practices

About

Social media has forever changed how the world shares, connects, and interacts with audiences and information.  Diving in without a sense for what it’s like can be overwhelming, and building a network that provides real value takes some savvy and effort.  This session will provide you with the information required to begin engaging on social media; specifically on Twitter, Facebook, and LinkedIn.

Speaker

Paul Hébert, Director, Communications, Appraisal Institute of Canada

From Big Data to Machine Learning: Demystifying AVMs and How They Work

About

Automated valuation models (AVMs) are programmed, statistical algorithms that yield both adjustments used in property valuation schedules, as well as full-on estimates of value. As appraisers are faced with an ever-increasing amount of technological “buzz words”, an intuitive understanding of what each is — and how each works — may very well be too daunting of a task with which to keep up. This presentation will clearly differentiate between the following terms used in the appraisal industry, and give applied examples of each: artificial intelligence, machine learning, deep learning, big data, open data, data science. This presentation will open the lid to the blackbox in which AVMs are often contained, even demonstrating to audience members how a simple AVM may be executed quickly and simply within Excel.

Speaker

Tim Boncoskey, President, International Association of Assessing Officers

Paul Bidanset, Valuation Research Project Manager, International Association of Assessing Officers

 

10:30 a.m. - 12:00 p.m. The monetization of ‘Place Capital’ in Bonavista, NL

About

Bonavista NL, one of the oldest English speaking communities in North America, was often referred to as the “Cod Capital” over the centuries. The wealth pulled into Bonavista through this fishery afforded the local population the opportunity to build a significant landscape with architecture that still stands today from four centuries ago. In 1992 the North Atlantic Cod fishery collapsed and Bonavista was hit with unemployment, outmigration and a significant loss of community vitality. What Bonavista did have was the best intact historic built landscape in NL, outside of the capital city, with over 1000 heritage structures standing. In this underutilized and undervalued built landscape John Norman saw significant real estate potential.

Speaker

John Norman, Chief Operating Officer, Bonavista Living

Other Professions: a wider view of industry change

About

To be announced

Speaker

To be announced

Galway: The tale of a bold new town development project

About

To be announced

Speaker

To be announced

1:00 p.m. - 5:00 p.m. or 8:00 p.m. Post Conference Activity

RUM & RASCALS TOUR

One of the most pleasant and most ancient traditions of travel is the sampling of local, alcohols and flavors.  For over 500 years the streets and lookouts of old St. John’s, Newfoundland have hosted the world’s explorers, pirates, and princes.  Over five centuries before modern European’s arrived in the New World, the Norse or Vikings visited Newfoundland and exchanged their early meads and beers for the native’s blueberry wine.  Today you will join your Newfoundland hosts and the ghosts of history as we raise a glass on the oldest streets in North America.

You will learn about the continent’s first taverns, churches, and lookouts. You will sample Cabot Tower rum while viewing historic Cabot Tower high atop the New World’s first city.  Next you will go underground and participate in a port wine tasting tradition that goes back to 1679 in old wine vaults that also double as one of Canada’s most haunted places.  Learn about screech, iceberg vodka, and wines made from the wild subarctic berries of Newfoundland and Labrador.  Our Rum and Rascals program is a fun and lighthearted introduction to centuries of serious mischief and worldwide commerce.  See the city’s spectacular highlights and participate in the centuries-old tradition of sampling the local alcohols and flavors in a port of call.

Your drive through the downtown will feature historic buildings that were once a part of the British garrison, Government House, several churches and the colorful Victorian wooden housing that is characteristic of St. John’s architecture.  

Please note that places of interest may be visited in a different order than listed above to avoid congestion.

Want to continue the night? You have an option to add a traditional fish and chips dinner immediately following the tour. Note: Adding dinner to the activity will make the tour finish around 8:00 p.m. Dinner option must be purchased in advance.

PRICE PER PERSON: $65 (Tour only), $95 (Tour + Dinner)