Vol 66 | Book 4 \/ Tome 4 | 2022<\/p>\n
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The Official Publication of the
\nAppraisal Institute of Canada \/
\nPublication officielle de l’Institut
\ncanadien des \u00e9valuateurs<\/p>\n
2022-23 AIC PRESIDENT:
\nCAREER SUCCESS
\nBUILT ON PASSION
\nPr\u00e9sidente de l’ICE :
\nLa r\u00e9ussite professionnelle
\nfond\u00e9e sur la passion<\/p>\n
NAVIGATING INTELLIGENT
\nWATER SYSTEMS:
\nHEALTH, SAFETY,
\nAND RISK MITIGATION
\nUtilisation des
\nr\u00e9seaux d\u2019alimentation
\nen eau intelligents :
\nsant\u00e9, s\u00e9curit\u00e9 et
\nr\u00e9duction des risques<\/p>\n
ARBITRATING
\n\u2018FAIR MARKET RENTAL\u2019
\nIN COMMERCIAL
\nRENT REVIEWS
\nArbitrage du
\n\u00ab juste loyer marchand \u00bb
\ndans les examens de
\nlocation commerciale<\/p>\n
L\u2019INTUITION et son r\u00f4le dans
\nla m\u00e9thode de comparaison directe<\/p>\n
INTUITION and its role in
\nthe Direct Comparison Approach<\/p>\n
Immobili\u00e8re au Canada<\/p>\n
Canadian Property<\/p>\n
mailto:canada.valuation@avisonyoung.com<\/p>\n
\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd
\n\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd
\n\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd<\/p>\n
\ufffd\ufffd\ufffd\ufffd
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\n\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd
\n\ufffd\ufffd\ufffd\ufffd
\n\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd \ufffd\ufffd\ufffd\ufffd\ufffd
\n\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd
\n\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd<\/p>\n
\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd\ufffd<\/p>\n
For more information, please contact:<\/p>\n
Dave Black
\nAACI, P. App., MRICS
\nExecutive Vice President & National Practice Lead
\nJLL Valuation Advisory
\nDave.Black@am.jll.com
\njll.ca\/value<\/p>\n
mailto:Dave.Black@am.jll.com
\nhttp:\/\/jll.ca\/value<\/p>\n
Be the expert
\nColliers is seeking motivated appraisers to join our
\nValuation and Advisory Services team.<\/p>\n
Colliers recently introduced new market leading report
\nwriting software which upon its introduction increased
\naverage report production speeds by upwards of 30%.
\nColliers AACI designated appraisers in Canada had an
\naverage net compensation in 2021 in excess of $382,000.
\nReach out today to learn how to leverage Colliers brand,
\ntechnology and resources to take your career to the next
\nlevel.<\/p>\n
Contact Lisa McAteer at LLiissaa.MMccAAtteeeerr@@ccoolllliieerrss..ccoomm to
\nlearn more about joining Valuation & Advisory Services
\nat Colliers International.<\/p>\n
colliers.com<\/p>\n
mailto:Lisa.McAteer@colliers.com
\nhttp:\/\/colliers.com<\/p>\n
The articles printed in
\nthis issue represent
\nauthors\u2019 opinions only
\nand are not necessarily
\nendorsed by the
\nAppraisal Institute
\nof Canada. Copyright
\n2022 by the Appraisal
\nInstitute of Canada.
\nAll rights reserved.
\nReproduction in whole
\nor in part without
\nwritten permission
\nis strictly prohibited.
\nSubscription, $40.00 per
\nyear. Printed in Canada. <\/p>\n
Les articles imprim\u00e9s dans
\nce num\u00e9ro ne rep\u00e9sentent
\nque l\u2019opinion de leur auteur
\nrespectif, mais ne sont pas
\nn\u00e9cessairement endoss\u00e9s
\npar l’Institut canadien des
\n\u00e9valuateurs. Tous droits
\nreserv\u00e9s 2022 par l’Institut
\ncanadien des \u00e9valuateurs.
\nLa reproduction totale ou
\npartielle sous quelque
\nforme que se soit sans
\nauthorisation \u00e9crite est
\nabsolument interdite.
\nAbonnement 40,00 $ par
\nann\u00e9e. Imprim\u00e9 au Canada.<\/p>\n
* The Appraisal Institute of
\nCanada reserves the right
\nto reject advertising that it
\ndeems to be inappropriate.<\/p>\n
** The publisher and the
\nAppraisal Institute of Canada
\ncannot be held liable for
\nany material used or claims
\nmade in advertising included
\nin this publication.Indexed
\nin the Canadian Business
\nIndex and available on-line
\nin the Canadian Business &
\nCurrent Affairs database.
\nISSN 0827-2697<\/p>\n
Publication Mails Agreement
\n#40008249<\/p>\n
Return undeliverable
\nCanadian items to:
\nAppraisal Institute of Canada
\n403-200 Catherine St.,
\nOttawa, ON K2P 2K9. <\/p>\n
Manager, Communications:
\nHaddy John, Ottawa<\/p>\n
Publication management,
\ndesign and production by:
\nDirection, conception et
\nproduction par :<\/p>\n
3rd Floor \u2013 2020 Portage
\nAvenue, Winnipeg,
\nMB R3J 0K4
\nPhone: 866-985-9780
\nFax: 866-985-9799
\nE-mail: info@kelman.ca
\nWeb: www.kelman.ca<\/p>\n
Managing Editor:
\nCraig Kelman<\/p>\n
Design\/Layout:
\nJackie Magat<\/p>\n
Marketing Manager:
\nKris Fillion<\/p>\n
Advertising Co-ordinator:
\nStefanie Hagidiakow<\/p>\n
9 Executive Corner
\n2022-23 AIC President: Career success built on passion<\/p>\n
38 Legal Matters
\nArbitrating \u2018fair market rental\u2019 in commercial rent reviews<\/p>\n
46 Advocacy
\nSubmission for the pre-budget consultation in
\nadvance of the 2023 Federal Budget<\/p>\n
52 News
\n\u2022 Save the Date: 2023 AIC National Conference
\n\u2022 Important Dates
\n\u2022 In Memoriam
\n\u2022 2022 Photo Contest winners<\/p>\n
54 Designations, Candidates, Students<\/p>\n
14 Le coin de l’ex\u00e9cutif
\nPr\u00e9sidente de l’ICE 2022-23 :
\nLa r\u00e9ussite professionnelle fond\u00e9e sur la passion<\/p>\n
42 Questions juridiques
\nArbitrage du \u00ab juste loyer marchand \u00bb
\ndans les examens de location commerciale<\/p>\n
49 D\u00e9fense des int\u00e9r\u00eats
\nM\u00e9moire pour la consultation pr\u00e9-budg\u00e9taire
\nen pr\u00e9vision du budget f\u00e9d\u00e9ral<\/p>\n
52 Nouvelles
\n\u2022 R\u00e9servez cette date : Le Congr\u00e8s national 2023 de l\u2019ICE
\n\u2022 Dates importantes
\n\u2022 En m\u00e9moire
\n\u2022 Gagnants du concours de photos 2022<\/p>\n
54 D\u00e9signations, stagiaires, \u00e9tudiants<\/p>\n
COLUMNS CHRONIQUES<\/p>\n
Suzanne de Jong:
\nCareer success built on passion<\/p>\n
Suzanne de Jong : La r\u00e9ussite
\nprofessionnelle fond\u00e9e sur la passion<\/p>\n
9<\/p>\n
Navigating intelligent water systems:
\nhealth, safety, and risk mitigation
\nUtilisation des r\u00e9seaux
\nd\u2019alimentation en eau intelligents :
\nsant\u00e9, s\u00e9curit\u00e9 et r\u00e9duction des risques<\/p>\n
Intuition and its role in
\nthe Direct Comparison Approach
\nL\u2019intuition et son r\u00f4le dans
\nla m\u00e9thode de comparaison directe<\/p>\n
30<\/p>\n
18<\/p>\n
mailto:info@kelman.ca
\nhttp:\/\/www.kelman.ca<\/p>\n
Le Congr\u00e8s de l\u2019ICE 2023
\nR\u00c9SERVEZ LA DATE !<\/p>\n
C\u2019est le temps de commencer \u00e0 planifier votre voyage \u00e0 Vancouver,
\nColombie-Britannique !<\/p>\n
Le comit\u00e9 du Congr\u00e8s de l\u2019ICE 2023 a travaill\u00e9 fort pour
\nmettre au point une exp\u00e9rience de congr\u00e8s des plus dynamiques
\net m\u00e9morables. Soyez des n\u00f4tres au sein de ce port marin tr\u00e8s
\nanim\u00e9 de la c\u00f4te ouest, du 31 mai au 3 juin 2023. Renouez avec des
\ncoll\u00e8gues et des chefs de file de l\u2019industrie canadienne, faites de
\nnouveaux contacts, gagnez des cr\u00e9dits de PPC et d\u00e9couvrez ce que
\nVancouver a de meilleur \u00e0 offrir !<\/p>\n
Encore une fois cette ann\u00e9e, l\u2019ICE est heureuse d\u2019offrir un congr\u00e8s
\nsous forme d\u2019\u00e9v\u00e9nement hybride, avec une composante immersive en
\npersonne et une option virtuelle pour les participants en ligne\/\u00e0 distance.<\/p>\n
Pour plus de d\u00e9tails, visitez le site web : https:\/\/www.aicanada.ca\/
\nfr\/evenements-aic\/conference-annuelle-2023\/<\/p>\n
2023 National Conference
\nSAVE THE DATE!<\/p>\n
It’s time to start preparing for your trip to Vancouver,
\nBritish Columbia!<\/p>\n
AIC’s 2023 Conference Committee has been hard at
\nwork planning another dynamic and memorable conference
\nexperience. Join us in this bustling west coast seaport from
\nMay 31 to June 3, 2023. Reconnect with colleagues from
\nacross Canada, connect with thought leaders and industry
\nactors, earn CPD credits, and experience the best of what
\nVancouver has to offer!<\/p>\n
AIC is excited to, again, host the national conference as
\na hybrid event this year; with both an immersive in-person
\nexperience and a virtual option for online\/distance attendees. <\/p>\n
For more details:
\nhttps:\/\/www.aicanada.ca\/aic-events\/2023-annual-conference\/<\/p>\n
Canadian Property Valuation | \u00c9valuation immobili\u00e8re au Canada 6 Return to CONTENTS<\/p>\n
https:\/\/www.aicanada.ca\/fr\/evenements-aic\/conference-annuelle-2023\/
\nhttps:\/\/www.aicanada.ca\/aic-events\/2023-annual-conference\/<\/p>\n
2023 Conference
\nKeynote Speakers:
\nOpening Keynote: Zahra Al-Harazi
\nAward-Winning Entrepreneur
\nPurpose-Driven Leadership Expert
\nConsidered among Canada\u2019s most successful
\nentrepreneurs, Al-Harazi helps people and
\norganizations realize their potential for success by
\nfinding their purpose. She draws on her experience
\nas a pioneering woman in the business world with a
\nunique approach to attitude, leadership, and success, as well
\nas her experience as a refugee, immigrant, entrepreneur, and
\ncommunity builder.<\/p>\n
Keynote: David Chalk
\nTechnology Navigator
\nArtificial Intelligence & Cybersecurity Expert
\nDr. David Chalk is a realistic futurist with a
\n25-year track record of accurately predicting the
\ninteraction of humans and machines. Awarded a
\nDoctorate Degree in technology by the University of the
\nFraser Valley, David presents what audiences need to
\nknow to succeed in business, technology and life. As an expert on
\ntechnology and disruptive innovation, David has worked in artificial
\nintelligence at the highest levels and can unconditionally confirm
\nthat humans will always triumph over machines .<\/p>\n
Les conf\u00e9renciers principaux
\ndu Congr\u00e8s 2023 :<\/p>\n
Discours d\u2019ouverture : Zahra Al-Harazi
\nEntrepreneure prim\u00e9e
\nSp\u00e9cialiste en leadership engag\u00e9e
\nConsid\u00e9r\u00e9e comme l’une des entrepreneures les
\nplus accomplies au Canada, Zahra aide les gens et
\nles organisations \u00e0 r\u00e9aliser leur potentiel de succ\u00e8s
\nen trouvant leur raison d’\u00eatre. Elle s’appuie sur son
\nexp\u00e9rience comme femme pionni\u00e8re dans le monde des <\/p>\n
affaires ayant une vision unique de l\u2019attitude, du leadership et
\ndu succ\u00e8s, ainsi que sur son exp\u00e9rience en tant que r\u00e9fugi\u00e9e,
\nimmigrante, entrepreneure et b\u00e2tisseuse communautaire. <\/p>\n
Discours : David Chalk
\nExplorateur de technologies
\nExpert en intelligence artificielle et en cybers\u00e9curit\u00e9
\nDr. David Chalk est ce futuriste r\u00e9aliste qui pr\u00e9dit avec
\nexactitude depuis 25 ans l\u2019interaction entre les \u00eatres humains
\net les machines. D\u00e9tenant un doctorat en technologie de la
\nUniversity of the Fraser Valley, David explique ce que le public
\ndoit savoir pour r\u00e9ussir dans les affaires, la technologie et <\/p>\n
la vie. \u00c0 titre d\u2019expert de la technologie et de l\u2019innovation perturbatrice,
\nDavid a travaill\u00e9 aux plus hauts niveaux dans le domaine de l\u2019intelligence
\nartificielle et il peut confirmer sans r\u00e9serve que le triomphe de l’humain
\nsur la machine sera toujours assur\u00e9. <\/p>\n
Volume 66 | Book 4 \/ Tome 4 | 2022 7Return to CONTENTS<\/p>\n
OUR VISION<\/p>\n
To be the most trusted association of <\/p>\n
residential appraisal firms in Canada.<\/p>\n
OUR MANDATE<\/p>\n
BAREA protects and promotes the <\/p>\n
business interests of our member firms <\/p>\n
through a strong and cohesive voice <\/p>\n
as well as the sharing of best practices.<\/p>\n
Business Association of Real Estate Appraisers<\/p>\n
barea.ca<\/p>\n
Stronger together<\/p>\n
DON\u2019T GO IT ALONE<\/p>\n
OUR VISION<\/p>\n
To be the most trusted association of <\/p>\n
residential appraisal firms in Canada.<\/p>\n
OUR MANDATE<\/p>\n
BAREA protects and promotes the <\/p>\n
business interests of our member firms <\/p>\n
through a strong and cohesive voice <\/p>\n
as well as the sharing of best practices.<\/p>\n
Business Association of Real Estate Appraisers<\/p>\n
barea.ca<\/p>\n
Stronger together<\/p>\n
DON\u2019T GO IT ALONE<\/p>\n
Looking for a career
\nwith purpose?
\nShare your expertise and appraise some of
\nCanada\u2019s most progressive agricultural, commercial
\nand industrial assets. <\/p>\n
Sound interesting? Reach out to Hugues Laverdure,
\nFCC Senior Director, at hugues.laverdure@fcc.ca.<\/p>\n
Vous voulez donner
\nun \u00e9lan \u00e0 votre carri\u00e8re?
\nMettez votre expertise \u00e0 profit et \u00e9valuez certains
\ndes actifs agricoles, commerciaux et industriels
\nles plus modernes au Canada.<\/p>\n
\u00c7a vous int\u00e9resse?
\nCommuniquez avec Hugues Laverdure,
\npremier directeur \u00e0 FAC, par courriel \u00e0 l\u2019adresse
\nhugues.laverdure@fac.ca.<\/p>\n
For more information please visit: fnf.ca\/products\/appraisal-plus<\/p>\n
Not all service providers are the same. At FNF Canada,
\nwe are always looking to expand our APPRAISAL NETWORK.<\/p>\n
JOIN OUR NETWORK AND
\nFIND OUT HOW WE ARE DIFFERENT<\/p>\n
Canadian Property Valuation | \u00c9valuation immobili\u00e8re au Canada 8 Return to CONTENTS<\/p>\n
mailto:hugues.laverdure@fcc.ca
\nmailto:hugues.laverdure@fac.ca
\nhttp:\/\/barea.ca<\/p>\n