{"id":51695,"date":"2017-12-04T13:59:36","date_gmt":"2017-12-04T18:59:36","guid":{"rendered":"https:\/\/www.aicanada.ca\/?post_type=britishcolumbia&p=51371"},"modified":"2026-02-19T16:03:50","modified_gmt":"2026-02-19T21:03:50","slug":"announcements","status":"publish","type":"britishcolumbia","link":"https:\/\/www.aicanada.ca\/fr\/province-british-columbia\/british-columbia\/announcements\/","title":{"rendered":"Announcements"},"content":{"rendered":"\n

<\/path><\/svg><\/span> Archived Announcements<\/h2>\n\n\n\n
2025-2026 AIC-BC President, Allan Beatty, P. App., AACI, Fellow<\/summary>\n

ALLAN BEATTU, P.APP.,<\/span><\/strong><\/span><\/strong> AACI, FELLOW ELECTED<\/span><\/strong><\/p>\n\n\n\n

AIC-BC congratulates Allan Beatty, P.App, AACI, Fellow of Kelowna, BC on his election as President of the British Columbia Association of the Appraisal Institute of Canada.  A Press Release<\/a><\/u> was sent out in November 2025 advising of Allan’s accomplishment.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

 <\/span><\/i><\/p>\n<\/details>\n\n\n\n

Newly Designated Members \u2013 January \u2013 December 2024.<\/summary>\n

AIC-BC wishes to congratulate the following AIC-BC Members for earning use of their AACI\u2122 and CRA\u2122 designations in 2024:<\/p>\n\n\n\n

P.App., AACI<\/strong><\/em>
Gino Biamonte
Lee Brooks
Macy Burke
Ken Inskip
Saad Manzoor
Erin McGregor
Jim Chi Pong Ng
Diana Pan
Scott Stevens<\/td>		P.App., CRA<\/em><\/strong>
Hana Bullard
Scott Clement
Conny-Maud Groenevelt
Larry Hine
Gary Mann
Dan Qiu

\u00a0<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

 <\/p>\n<\/details>\n\n\n\n

Industry Alerts<\/summary>\n

From affordable housing issues, to speculation tax, to tighter mortgage rules, to spikes and drops in housing prices, the British Columbia real estate market continues to be under the microscope.  Under these circumstances, while it is an opportune time for increased appraisal demand, it is also a time to exercise caution.  The AIC-BC will use this forum to share fraud-related notices as they are made available and would like to take this opportunity to share best practices and additional information about how AIC-BC Members can protect themselves and the public.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

Industry Alerts
\n<\/strong>
\nFraud Alert: Land title fraud involving owners living outside of Canada<\/a><\/p>\n\n\n\n

BCFSA<\/a> has advised of the following Industry Alerts:
\nThe Registrar of Mortgage Brokers (the \u201cRegistrar\u201d) issued a Decision on Merits on <\/b>August 30, 2021 regarding allegations by the Office of the Registrar against Dean Frank James Walford and Loan Depot Canada. <\/a>
\nA Notice of Hearing has been issued to Sarbjit Bains<\/a>
\nA Notice of Hearing has been issued to Elite Lending Corporation<\/a>
\nA Notice of Hearing has been issued to Hou Yin Ho<\/a>
\nA Notice of Hearing has been issued to Chi Young Norris You<\/a>
\nA Notice of Hearing has been issued to Tony Young<\/a>
\nA Notice of Hearing has been issued to Kasra Erfani Mohseni<\/a>
\nA Notice of Hearing has been issued to Mylene Villanueva Lim<\/a>
\nA Notice of Hearing has been issued to Donna Catalina Baciu<\/a>
\nA Notice of Hearing has been issued to Ksenia Ivanova<\/a>
\nA Notice of Hearing has been issued to Jordan Lee Ly<\/a>
\nThe Registrar of Mortgage Brokers (the Registrar) has entered into a Consent Order with Ms. Tanya Smith.<\/a>
\nA Notice of Hearing has been issued to Shima Soltani<\/a>
\nA Notice of Hearing has been issued to Prem Lata Devi Singh<\/a>
\nA Decision on Penalty and Costs – MA Campagna<\/a>
\nCease and Desist Order – Jay Kanth Chaudhary aka: Mike Kumar; George DeSouna; Jay Michaels<\/a>
\nNotices of Hearing have been issued to Dean Frank James Walford and Loan Depot Canada<\/a>
\nIndustry Alert – Consent Order – Gabriel Jason Hoffart and John Stephen McKay<\/a>
\nIndustry Alert – Consent Order – Nasir Aziz Ansari<\/a>
\nA Notice of Hearing has been issued to Gagan Deep Bachra<\/a>
\nA Notice of Hearing has been issued to Shane Christopher Ballard<\/a>
\nIndustry Alert – Consent Order – <\/a>Adil Jafferali Virani<\/a>
\nIndustry Alert – <\/a>Consent Order <\/a>– Anil Sagar <\/a>
\nBeneficial Ownership Register Advisory<\/a>
\nNotice of Hearing has been issued to Manjot Kaur Khunkhun<\/a>
\nA Notice of Hearing has been issued to Ravinder Biln (also known as Ravinder Kaur)<\/a>
\nA Notice of Hearing<\/a><\/u> has been issued to Kambiz Parvizi.
\nA Notice of Hearing has been issued to Jessica Paula Ashley Labonte<\/a>
\nA Notice of Hearing has been issued to Charles Funaro and 643025 B.C. Ltd.<\/a>
\nIndustry Alert – Consent Order – Ksenia Ivanova<\/a>
\nIndustry Alert – Consent Order – Deanna Michelle McMillan<\/a><\/p>\n\n\n\n

For general mortgage broker inquiries, call:
\nOffice of the Registrar of Mortgage Brokers
\nBC Financial Services Authority
\nPhone: 604-660-3555 | <\/strong>866-206-3030 (toll free)<\/strong> | Fax: 604-660-3365
\n2800 \u2013 555 West Hastings Street | Vancouver, BC | V6B 4N6
\n<\/strong>Email: brokerconduct@bcfsa.ca<\/a> | Website: www.bcfsa.ca<\/a><\/strong><\/p>\n\n\n\n

AIC Fraud Prevention Tips:<\/strong><\/p>\n\n\n\n

    \n
  1. Know your client.<\/li>\n\n\n\n
  2. Know your market \u2013 heated markets are hubs for fraud.<\/li>\n\n\n\n
  3. Exercise due diligence in your research \u2014 property flips, sales\/listing history and exposure time can tell a story.<\/li>\n\n\n\n
  4. Issue letters of engagement with every assignment but particularly with unfamiliar clients.<\/li>\n\n\n\n
  5. Password-protect your reports and only give the password to your client.<\/li>\n\n\n\n
  6. Decline if it doesn\u2019t feel right \u2013 providing a reliance letter to a new intended user is not a mandatory requirement; you have the right to decline \u2013 it is an extension of risk.<\/li>\n<\/ol>\n\n\n\n

     <\/p>\n\n\n\n

    If you suspect that your report has been altered or compromised, you should immediately*:<\/strong><\/p>\n\n\n\n

      \n
    1. Advise your client, if appropriate<\/em>, of the suspected activity;<\/li>\n\n\n\n
    2. Report suspected fraudulent activity to the Appraisal Institute of Canada \u2013 BC Association Executive Director, Christina Bhalla<\/a>, to request that an email broadcast be sent out to the AIC-BC Membership;<\/li>\n\n\n\n
    3. Report any suspected fraudulent activity to the Appraisal Institute of Canada\u2019s Director \u2013 Professional Practice, Shelley Poirier<\/a>.  Information will be held on record should a related claim or complaint arise;<\/li>\n\n\n\n
    4. Report suspected activity to appropriate lending associations such as MIABC<\/a>, CMBA-BC<\/a>, and MPC<\/a>;<\/li>\n\n\n\n
    5. Contact BCFSA<\/a> at brokerconduct<\/a>@bcfsa.ca<\/a> or 604-660-3555 to advise of the suspected activity;<\/li>\n\n\n\n
    6. Alert your local police to advise of suspected activity and obtain a case number.<\/li>\n<\/ol>\n\n\n\n

      *These recommendations are for general information purposes only and should not be construed as legal advice.  AIC-BC urges Members to contact AIC\u2019s Director of Professional Practice with specific questions or for additional guidance.<\/em><\/p>\n\n\n\n

       <\/em><\/p>\n\n\n\n

      For more information, please refer to the following AIC publications:
      \n<\/strong>      Protecting Yourself Against Valuation Fraud<\/a>
      \n      Mortgage Fraud Red Flags and Warning Signs for Valuation Experts<\/a>
      \n      Avoiding Mortgage Fraud is Everyones Business<\/a><\/p>\n\n\n\n

       <\/p>\n<\/details>\n\n\n\n

      AIC-BC Responds to Housing Cooling-off Period Announcement<\/summary>\n
      \"\"<\/figure>\n\n\n\n

      FOR IMMEDIATE RELEASE<\/strong><\/p>\n\n\n\n

      AIC-BC Responds to Housing Cooling-off Period <\/strong>Announcement<\/strong><\/p>\n\n\n\n

      April 6th, 2022 (Vancouver, British Columbia) \u2013 The British Columbia Association of the Appraisal Institute of Canada (AICBC) responded to Minister of Finance Selina Robinson\u2019s recent announcement of the creation of a cooling-off period for house purchases by British Columbians.<\/p>\n\n\n\n

      \u201cWe would like to thank the government and the Minister for consulting with AIC-BC and other stakeholders on the cooling-off period. It is essential for appraisers to be involved in the cooling-off period process to ensure the housing market in British Columbia can remain stable,\u201d began Edwina Nearhood, President of AIC-BC.<\/p>\n\n\n\n

      Appraisers are unique and essential participants in the real estate transaction, as they offer a real time, third party, independent opinion of value. This plays a vital role in helping the public make informed decisions during housing buying and selling, and also helps to ensure that the housing and lending markets remain stable.<\/p>\n\n\n\n

      \u201cThe details of the cooling-off period will be important to ensure that unintended consequences are limited; the time frame should be long enough to allow for an appraisal to be done for financing purposes or to provide perspective to the purchaser. Furthermore, the government needs to make it easier for appraisers to access data, to ensure that buyers are well informed,\u201d continued Nearhood.<\/p>\n\n\n\n

      Important data, such as public records of land registry and assessment, ownership and sales data, and other key data points to effectively authenticate properties continues to be challenging to access for Appraisers. The lack of reliable financial information puts many in a real estate transaction at risk due to potential inaccurate information.<\/p>\n\n\n\n

      \u201cAIC-designated Appraisers have been and continue to be an essential component of British Columbia\u2019s housing market.<\/p>\n\n\n\n

      By integrating them in this new policy, the government can ensure that both home buyers and sellers are protected throughout the process,\u201d concluded Nearhood.<\/p>\n\n\n\n

      -30-<\/p>\n\n\n\n

      The Appraisal Institute of Canada \u2013 British Columbia (AIC-BC) is the provincial association of the Appraisal Institute of Canada (AIC) within British Columbia and Yukon Territory. Established in 1973, AIC-BC represents approximately 1,200 members and delivers AIC\u2019s member programs and
      \nservices within the region.<\/p>\n\n\n\n

      Media Contact:<\/strong>
      \nChristina Bhalla
      \nExecutive Director | BC Association Appraisal Institute of Canada
      \nTelephone: 604-284-5515
      \nEmail: christina@appraisal.bc.ca<\/p>\n<\/details>\n\n\n\n

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