Vol 67 | Book 2 \/ Tome 2 | 2023<\/p>\n
Integrating
\nclimate risks<\/p>\n
INTO PROPERTY APPRAISALS<\/p>\n
Int\u00e9grer les
\nrisques climatiques
\nDANS L\u2019\u00c9VALUATION DES BIENS IMMOBILIERS<\/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
STORIES BEHIND
\nTHE REAL ESTATE
\nR\u00e9cits d\u00e9riv\u00e9s
\nde l\u2019immobilier<\/p>\n
STOPPING THE CYCLE
\nOF \u2018UNSECURED\u2019
\nADJUSTMENTS
\nIN THE DCA
\nArr\u00eater le cycle
\ndes ajustements
\n\u00ab non garantis \u00bb
\ndans la MCD<\/p>\n
PROFESSIONAL
\nAPPRAISERS BRANDING
\nLa marque des \u00e9valuateurs
\nprofessionnels<\/p>\n
Competitive
\ncompensation packages<\/p>\n
Recruiting
\ntop talent<\/p>\n
Contact us in confidence to Contact us in confidence to
\nlearn morelearn more about joining
\nthe team.<\/p>\n
The Avison Young Valuation & Advisory Services Team
\nis growing and we are looking for individuals, teams and
\ncompanies across Canada seeking an opportunity to
\ngrow with us.<\/p>\n
Leverage technology to
\nservice clients<\/p>\n
High performance,
\npeople-first culture<\/p>\n
Matthew McWatters AACI, P.App
\nPrincipal, Executive Vice President
\n& Canadian Leader,
\nValuation & Advisory Services
\nmatthew.mcwatters@avisonyoung.com<\/p>\n
mailto:matthew.mcwatters@avisonyoung.com<\/p>\n
There\u2019s a conventional way
\nof doing things, and there\u2019s
\na JLL way. A more intelligent,
\noptimistic, and collaborative
\nway. A Brighter Way.<\/p>\n
jll.ca\/value<\/p>\n
Join our growing valuations team.
\nLet\u2019s create a brighter future for our
\npeople, our clients, and our communities.<\/p>\n
For more information,
\nplease contact:<\/p>\n
Dave Black
\nAACI, P. App., MRICS<\/p>\n
Head of Valuation Advisory, Canada
\nJLL<\/p>\n
Dave.Black@jll.com<\/p>\n
mailto:Dave.Black@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 average
\nreport production speeds by upwards of 30%. Colliers AACI
\ndesignated appraisers in Canada had an average net
\ncompensation in 2022 in excess of $442,000. Reach out today
\nto learn how to leverage Colliers brand, technology and
\nresources to take your career to the next level.<\/p>\n
Contact Ahmed Al-Sadekin at AAhhmmeedd..AAll–SSaaddeekkiinn@@ccoolllliieerrss..ccoomm
\nto learn more about joining Valuation & Advisory Services at
\nColliers International.<\/p>\n
colliers.com<\/p>\n
mailto:Ahmed.Al-Sadekin@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 of
\nCanada. Copyright
\n2023 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 2023 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
Director, Public Affairs
\nand Communications:
\nAndr\u00e9 Hannoush<\/p>\n
Coordinator, Public Affairs
\nand Communications:
\nBrandyn Hayes<\/p>\n
Publication management,
\ndesign and production by:
\nDirection, conception et
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COLUMNS CHRONIQUES<\/p>\n
28<\/p>\n
Integrating climate risks into
\nproperty appraisals helps protect
\nCanada\u2019s real estate market
\nInt\u00e9grer les risques climatiques dans
\nl\u2019\u00e9valuation des biens immobiliers pour
\nprot\u00e9ger le march\u00e9 immobilier canadien<\/p>\n
Stopping the cycle of \u2018unsecured\u2019
\nadjustments in the DCA
\nArr\u00eater le cycle des ajustements
\n\u00ab non garantis \u00bb dans la MCD<\/p>\n
22<\/p>\n
14<\/p>\n
The stories behind the real estate
\nR\u00e9cits d\u00e9riv\u00e9s de l\u2019immobilier<\/p>\n
7 Executive Corner
\nAn interview with outgoing President Suzanne de Jong<\/p>\n
28 Equity, Diversity and Inclusion (EDI)
\nThe stories behind the real estate<\/p>\n
36 Legal Matters
\nDelay processing disciplinary complaints: abuse of process?<\/p>\n
42 Advocacy
\nAdvocacy highlights of 2022 and beyond<\/p>\n
48 Marketing & Communications
\nProfessional Appraisers branding<\/p>\n
50 News
\n\u2022 The Tyler Beatty award winners
\n\u2022 Introducing The Appraisal of Real Estate, Fourth Canadian Edition
\n\u2022 Important Dates
\n\u2022 In Memoriam<\/p>\n
58 Designations, Candidates, Students<\/p>\n
10 Le coin de l\u2019\u00e9xecutif
\nUne entrevue avec la pr\u00e9sidente sortante de l\u2019ICE<\/p>\n
32 \u00c9quit\u00e9, diversit\u00e9 et inclusion (EDI)
\nR\u00e9cits d\u00e9riv\u00e9s de l\u2019immobilier<\/p>\n
39 Questions juridiques
\nD\u00e9lai de traitement des plaintes disciplinaires : Abus de proc\u00e9dure ?<\/p>\n
45 D\u00e9fense des int\u00e9r\u00eats
\nFaits saillants de la d\u00e9fense des int\u00e9r\u00eats en 2022 et mise \u00e0 jour r\u00e9cent<\/p>\n
49 Marketing et communication
\nLa marque des \u00e9valuateurs professionnels<\/p>\n
52 Nouvelles
\n\u2022 R\u00e9cipiendaires du prix Tyler Beatty
\n\u2022 Voici The Appraisal of Real Estate, Quatri\u00e8me \u00e9dition canadienne
\n\u2022 Dates importantes
\n\u2022 En m\u00e9moire<\/p>\n
58 D\u00e9signations, stagiaires, \u00e9tudiants<\/p>\n
mailto:info@kelman.ca
\nhttp:\/\/www.kelman.ca<\/p>\n
http:\/\/cbre.ca\/vas<\/p>\n
EXECUTIVE CORNER<\/p>\n
Q: How would you describe your
\nexperiences this past year from both a
\nprofessional and personal viewpoint?
\nBoth professionally and personally, it has
\nbeen an incredible opportunity to grow as
\nan individual. I have had to stay focussed
\nand take time to understand the goals of
\nthe Board of Directors, how to guide it, and
\nhow to make sure that it is staying on track.
\nFrom a personal viewpoint, I have had to
\nstay focussed and determine how best to
\nkeep a manageable work\/life balance.<\/p>\n
Q: When you first took office, you spoke
\nabout AIC initiatives such as the Shaping
\nour Future Task Force and the President\u2019s
\nCouncil on Equity Diversity and Inclusion
\n(EDI). What do you feel have been the
\nmajor accomplishments in these areas
\nduring the past year?
\nSome of the most important
\naccomplishments have been not just<\/p>\n
An interview with
\noutgoing AIC President<\/p>\n
Shaping the Future Task Force initiatives,
\nbut implementing those initiatives
\nwithin the new Strategic Plan. We have
\naccomplished a great deal relative to the
\nPlan\u2019s three pillars: Trusted Professionals
\nof Choice \u2013 promoting our Members
\nas Professionals of Choice for the full
\nrange of valuation services; Adaptable
\nand Progressive \u2013 strengthening
\nand modernizing AIC\u2019s operating and
\ngovernance models to facilitate members
\nof all backgrounds and specializations to
\neffectively deliver services; and AIC is the
\nVoice of Professional Appraisers \u2013 AIC is
\nthe leading voice for appraisers and the
\nappraisal profession in Canada, increasing
\norganizational credibility.<\/p>\n
Within the President\u2019s EDI Council,
\nit has been rewarding to discuss
\nways that we can be more inclusive
\nwithin our organization and provide
\nopportunities for marginalized<\/p>\n
Both professionally and personally, it has
\nbeen an incredible opportunity to grow as
\nan individual. I have had to stay focussed and
\ndetermine how best to keep a manageable
\nwork\/life balance.<\/p>\n
SUZANNE DE JONG, P.APP, AACI<\/p>\n
7Return to CONTENTS Volume 67 | Book 2 \/ Tome 2 | 2023<\/p>\n
EXECUTIVE CORNER<\/p>\n
individuals to become involved. Of particular
\nimportance has been the Women\u2019s Group
\nthat has grown out of EDI and recognizing
\nhow we can encourage women to be
\nmembers of our organization.<\/p>\n
Q: Are there specific areas where you wish
\nmore could have been accomplished?
\nI wish there had been more opportunities
\nfor committees to meet in person, which
\nwould have enabled more work to be
\ncompleted towards accomplishing the Task
\nForce recommendations. COVID limited our
\nability to meet face to face, but now that we
\nare starting to meet again, our momentum
\nand productivity is increasing. I firmly
\nbelieve that committee work can be more
\nproductive when those involved have the
\nopportunity to meet in person. That enables
\nMembers to form stronger relationships
\nand be more familiar with each other, ideas
\nto flow more freely, and volunteer Members
\nto experience higher levels of satisfaction.<\/p>\n
Q: Can you describe your experiences
\nworking with the Board of Directors,
\nthe AIC staff, and the AIC Members?
\nWorking collectively with the Board, our
\nCEO and national staff, as well as AIC
\nMembers from all across the country has
\nbeen quite a balancing act. You need to<\/p>\n
look at the objectives that the Board has
\nset forth and be able to provide clarity
\nand direction to the CEO and AIC staff
\nrelative to those objectives. You also need
\nto speak to Members about the direction
\nthe Board is taking and effectively explain
\nwhy they are doing so. That being said, the
\noverriding objective in everything we do is
\nto provide services and opportunities for
\nour Members that will help them succeed
\nwhile also advancing the appraisal
\nprofession in the public interest through
\neducation and self-regulation.<\/p>\n
Q: Was there anything that surprised
\nyou during your tenure as President?
\nInterestingly, I did not expect that I
\nwould realize how many other areas of
\nvolunteerism I have not experienced,
\nand how many there are in which I am
\nnow interested. For instance, I did not
\nknow a lot about the ongoing work our
\norganization does relative to the by-laws
\nand standards. I now find myself very
\ninterested in these areas and plan to
\nvolunteer accordingly after my presidency
\nis completed.<\/p>\n
Q: Are there particular memories from
\nthe past year that stand out in your mind?
\nThe opportunities I have had to meet<\/p>\n
people from other appraisal
\norganizations, such as the Appraisal
\nInstitute in the US, has been truly
\nmemorable, as has being able to
\nparticipate in events such as last
\nfall\u2019s conference for the International
\nValuation Standards Council (IVSC). That
\nexperience enabled me to meet with
\nother appraisal organizations around
\nthe world, and realize first hand that
\nthe issues they are facing, such as aging
\nmemberships, attracting new members,
\ndiversifying, and staying relevant, are
\nthe same challenges we experience
\nhere in Canada. It was also interesting
\nto listen to members of the American
\nInstitute and the difficulties they face
\nwith racial bias and discrimination.
\nThis is why I was very happy to see the
\nestablishment of AIC\u2019s President’s
\nCouncil on Equity, Diversity and
\nInclusion, thereby ensuring a diversity
\nof perspectives and realities throughout
\nthe organization as well as the appraisal
\nprofession at large.<\/p>\n
Q: Can you single out one particular
\nhighlight from the past year that stands
\nout above all others?
\nIt is difficult to single out one particular
\nhighlight, however, I do know that<\/p>\n
It has been rewarding to discuss ways that we can be more inclusive within
\nour organization and provide opportunities for marginalized individuals to
\nbecome involved.<\/p>\n
The opportunities I have had to meet people from other appraisal organizations,
\nsuch as the Appraisal Institute in the US, has been truly memorable.<\/p>\n
Canadian Property Valuation | \u00c9valuation immobili\u00e8re au Canada 8 Return to CONTENTS<\/p>\n
EXECUTIVE CORNER<\/p>\n
speaking directly with industry
\nstakeholders and Members at the
\nchapter, provincial, and national levels
\nhas been extremely rewarding. In
\nparticular, I have very much enjoyed
\nmeeting Candidates, discussing their
\nfutures within the organization, and
\nencouraging them to become volunteers.<\/p>\n
Q: Looking back now, how did the
\nchallenges of fulfilling your President\u2019s
\nrole affect those of your full-time career?
\nIt certainly had an impact on my career.
\nIn order to do a good job as president, it
\ntakes a toll on your time and your career
\ndefinitely takes a backseat. I was ver y
\nfortunate to have staff and associates
\nwithin my firm take up the slack when I
\nwas not available. However, I knew this
\nwould be the case before taking on the
\nrole, so I was prepared for the demands
\ninvolved and can truly look back at it
\nas an experience that I am extremely
\nfortunate to have had.<\/p>\n
Q: Based on those experiences,
\nwhat advice would you pass on to
\nincoming presidents?
\nBe sure to listen, learn, listen some
\nmore, and truly understand the goals set
\nout by the Board. Ask lots of questions.
\nStay engaged. And be prepared to
\nsummarize the Board\u2019s views and
\nfacilitate conversations that will lead to
\ndecisions being made.<\/p>\n
Q: What advice, if any, would you give to
\nMembers in general?
\nI would advise Members to do work that
\nthey are passionate about, to diversify<\/p>\n
Speaking directly with industry stakeholders and Members at the chapter,
\nprovincial, and national levels has been extremely rewarding.<\/p>\n
their practices in areas in which they are
\ninterested, to use technology to facilitate
\nefficiencies within their workplace, and
\nto pay close attention to the standards
\nand best practices set out by the AIC.
\nMy hope is that, if they adhere to such
\nan approach, Members will experience
\nconsiderable success in this profession
\nand one day \u2018pay it forward\u2019 by helping
\nothers to accomplish the same.<\/p>\n
Q: How do you see your role as
\nPast-President in the year ahead?
\nMy goal is to help incoming President
\nClaudio Polito understand his role and
\nthe challenges he may face, and to be
\nthere for him when he needs any help.
\nPast President Andr\u00e9 Pouliot was
\ncertainly there for me, and I am grateful
\nfor his unwavering guidance and steadfast
\ndemeanour when I needed assistance.<\/p>\n
Suite 101, 24 Inglewood Drive, St. Albert, AB T8N 6K4<\/p>\n
Please send resumes to: info@crvg.com
\nAACI & Candidates<\/p>\n
Tel: (780) 424-8856 \u2022 Fax: (587) 290-2267<\/p>\n
Volume 67 | Book 2 \/ Tome 2 | 2023 9Return to CONTENTS<\/p>\n
mailto:info@crvg.com<\/p>\n