Why Become an Appraiser

• The average gross income of our AACI-designated members is $102,000.
• The average net income of AACI-designated members during their first five years as an appraiser is just over $52,000.

• Real estate consulting
• Valuation firms
• Insurance/lenders/asset managers
• Small appraisal firms
• Federal government/agency
• Provincial government/agency
• Municipal government/agency
• Appraisal Management Companies (AMCs)

• Over 85% of employers indicate that they are looking for analysis and critical thinking in new appraisers.
• Other skills and areas of practice include greater analytical abilities such as statistical modeling, database analysis and development of property tax assessment knowledge.
• Development of property tax assessment skills including mass appraisals
• Ability to understand and interpret legislation
• Additional database analytics and other IT skills

• Larger employers will have a much higher rate of turnover due to retirements of almost half (47%) of their Designated Appraisers over the next 5 years.
• Most large employers (81%) will be seeking new employees with appraisal expertise in the next 1-5 years.
• Over 1,110 new designated appraisers will be required over the next 5 years.

To meet employer demand, the AIC will need to designate over 220 appraisers per year—a substantial increase over current numbers.

Examples of large employers that require appraisal experts include:

• Corporate entities, such as Altus, Colliers, Sun Life Insurance, TD Bank and RBC
• Public employers, such as each municipality and provincial assessment agencies like BC Assessment or MPAC
• Mortgage guarantors, such as CMHC and Genworth
• Utility companies, such as Hydro One and Manitoba Hydro
• Federal government employers, such as PSPC and CCRA

Smaller employers are primarily specialized real estate appraisal firms.

• 68% will pay membership fees.
• 74% will pay for AIC candidate courses.
• 61% will pay for Continuing Professional Development courses and other continuing education courses.

• Over 60% of employers (68% of large employers, 61% of small employers) hire students with the intention of having them designated.
• Over one third also said they will have openings for co-op students over the next 1-5 years.

• 81% of large employers said they are “very likely” to hire appraisers with an AACI designation; 50% indicated that they are “very likely” to hire appraisers with a CRA designation and 54% indicated that they are “very likely” to hire an AIC Candidate.
• 61% of employers, both large and small, place the highest importance on those students already pursuing the AIC designation, compared to 25% who indicated a Bachelor of Commerce was all that was important.