{"id":29988,"date":"2016-05-26T14:24:14","date_gmt":"2016-05-26T18:24:14","guid":{"rendered":"https:\/\/www.aicanada.ca\/fr\/cpv-issue\/2016-volume-60-book-2\/"},"modified":"2016-05-26T14:25:14","modified_gmt":"2016-05-26T10:25:14","slug":"2016-volume-60-livre-2","status":"publish","type":"issue","link":"https:\/\/www.aicanada.ca\/fr\/cpv-issue\/2016-volume-60-livre-2\/","title":{"rendered":"2016 &#8211; Volume 60 &#8211; Tome 2"},"content":{"rendered":"<p>\u00c9valuer<br \/>\nL&rsquo;\u00c9NERGIE SOLAIRE<\/p>\n<p>Valuing<br \/>\nSOLAR ENERGY <\/p>\n<p>T H E  O F F I C I A L  P U B L I C A T I O N  O F  T H E  A P P R A I S A L  I N S T I T U T E  O F  C A N A D A<br \/>\nP U B L I C A T I O N  O F F I C I E L L E  D E  L\u2019 I N S T I T U T  C A N A D I E N  D E S  \u00c9 V A L U A T E U R S<\/p>\n<p>PM<br \/>\n #<\/p>\n<p>40<br \/>\n00<\/p>\n<p>82<br \/>\n49<\/p>\n<p> R<br \/>\net<\/p>\n<p>ur<br \/>\nn <\/p>\n<p>un<br \/>\nde<\/p>\n<p>liv<br \/>\ner<\/p>\n<p>ab<br \/>\nle<\/p>\n<p> C<br \/>\nan<\/p>\n<p>ad<br \/>\nia<\/p>\n<p>n<br \/>\nAd<\/p>\n<p>dr<br \/>\nes<\/p>\n<p>se<br \/>\ns <\/p>\n<p>to<br \/>\n:  <\/p>\n<p>Ap<br \/>\npr<\/p>\n<p>ai<br \/>\nsa<\/p>\n<p>l I<br \/>\nns<\/p>\n<p>tit<br \/>\nut<\/p>\n<p>e<br \/>\nof<\/p>\n<p> C<br \/>\nan<\/p>\n<p>ad<br \/>\na,<\/p>\n<p> 4<br \/>\n03<\/p>\n<p>-2<br \/>\n00<\/p>\n<p> C<br \/>\nat<\/p>\n<p>he<br \/>\nrin<\/p>\n<p>e<br \/>\nSt<\/p>\n<p>.,<br \/>\nO<\/p>\n<p>tt<br \/>\naw<\/p>\n<p>a,<br \/>\n O<\/p>\n<p>N<br \/>\nK2<\/p>\n<p>P<br \/>\n2K<\/p>\n<p>9.<br \/>\n E<\/p>\n<p>m<br \/>\nai<\/p>\n<p>l:<br \/>\nin<\/p>\n<p>fo<br \/>\n@<\/p>\n<p>ai<br \/>\nca<\/p>\n<p>na<br \/>\nda<\/p>\n<p>.c<br \/>\na<\/p>\n<p>CUSPAP, THE ONTARIO EXPROPRIATIONS<br \/>\nACT AND JURISDICTIONAL EXCEPTION<br \/>\nLes NUPPEC, la Loi sur l\u2019expropriation <\/p>\n<p>de l\u2019Ontario et l\u2019exception juridictionnelle<\/p>\n<p>BEST PRACTICES<br \/>\n\u2013 EXAMPLES FROM THE FIELD<\/p>\n<p>Pratiques exemplaires<br \/>\n\u2013 exemples sur le terrain<\/p>\n<p>LIMITED MARKET, SPECIAL<br \/>\nPURPOSE PROPERTIES<\/p>\n<p>Propri\u00e9t\u00e9s \u00c0 VOCATION SP\u00c9CIALE<br \/>\ndans un march\u00e9 restreint<\/p>\n<p>VOL 60 | BOOK 2 \/ TOME 2 | 2016<\/p>\n<p>mailto:info@aicanada.ca<\/p>\n<p>http:\/\/anow.com<\/p>\n<p>http:\/\/mortgageproscan.ca\/findabroker<\/p>\n<p>Accelerating success.<\/p>\n<p>Colliers International is committed to paving a quick path to success<br \/>\nfor our employees. With access to hundreds of free courses<br \/>\nthrough Colliers University and ongoing career mentorship, our<br \/>\nsta\ufffd is not only encouraged to excel, they are given the tools to<br \/>\ndo so. Rise above the crowd. To accelerate your career, view<br \/>\ncurrent opportunities online at collierscanada.com\/careers or<br \/>\nsend your resume directly to vascanada@colliers.com.<\/p>\n<p>ABOVE THE<br \/>\nCROWD<\/p>\n<p>collierscanada.com\/careers<\/p>\n<p>MAKE YOUR MOVE Professionals Wanted<\/p>\n<p>ON SE<br \/>\nDISTINGUE<\/p>\n<p>collierscanada.com\/careers<\/p>\n<p>Colliers International est d\u00e9termin\u00e9 \u00e0 ouvrir la voie pour assuerer<br \/>\nle succ\u00e8s de ses employ\u00e9s. Gr\u00e2ce \u00e0 des centaines de cours gratuits<br \/>\net \u00e0 programmes programmes continues de rentoral propos\u00e9s<br \/>\npar l\u2019Universit\u00e9 Colliers, nous ne faisons pas qu\u2019encourager nos<br \/>\nemploy\u00e9s \u00e0 briller dans leur domaine, nous leur fournissons les<br \/>\noutils pour y arriver. Voyez o\u00f9 cette voie vous conduira. Pour<br \/>\nacc\u00e9l\u00e9rer votre r\u00e9ussite, consultez les opportunit\u00e9s de carri\u00e8re<br \/>\nactuellement en ligne sur collierscanada.com\/careers ou envoyez<br \/>\nvotre curriculum vitae directement \u00e0 vascanada@colliers.com.<\/p>\n<p>SAUTER SUR L\u2019ACCASION Professionels demand\u00e9s<\/p>\n<p>mailto:vascanada@colliers.com<br \/>\nmailto:vascanada@colliers.com<br \/>\nhttp:\/\/collierscanada.com\/careers<\/p>\n<p>06 Executive Corner<br \/>\nREFLECTING ON A PRESIDENCY<\/p>\n<p>30 Legal Matters<br \/>\nLIMITED MARKET, SPECIAL<br \/>\nPURPOSE VALUATION REVISITED <\/p>\n<p>42 Advocacy<br \/>\nADVOCACY IN ACTION<\/p>\n<p>46 CRA Diversification<br \/>\nLEIGH WALKER:<br \/>\nIMPAIRED PROPERTIES<\/p>\n<p>50 The Future is Bright<br \/>\nMICHAEL MCFARLANE:<br \/>\nBUILDING A CAREER ON A SOLID<br \/>\nFOUNDATION<\/p>\n<p>56 NEWS<\/p>\n<p>62 DESIGNATIONS, CANDIDATES,<br \/>\nSTUDENTS<\/p>\n<p>08 Le coin de l\u2019ex\u00e9cutif<br \/>\nREGARD SUR LA PR\u00c9SIDENCE<\/p>\n<p>33 Questions jurdiques<br \/>\nPROPRI\u00c9T\u00c9S \u00c0 VOCATION SP\u00c9CIALE<br \/>\nDANS UN MARCH\u00c9 RESTREINT \u2013<br \/>\nR\u00c9VISION DE L&rsquo;\u00c9VALUATION <\/p>\n<p>44 D\u00e9fense<br \/>\nD\u00c9FENSE DES DROITS \u00c0 L\u2019\u0152UVRE<\/p>\n<p>48 Diversification des fonctions de CRA<br \/>\nLEIGH WALKER :<br \/>\nPROPRI\u00c9T\u00c9S D\u00c9T\u00c9RIOR\u00c9ES<\/p>\n<p>53 L\u2019avenir s\u2019annonce bien<br \/>\nMICHAEL MCFARLANE:<br \/>\nSE B\u00c2TIR UNE CARRI\u00c8RE<br \/>\nSUR UNE BASE SOLIDE <\/p>\n<p>56  NOUVELLES<\/p>\n<p>62 D\u00c9SIGNATIONS, STAGIAIRES,<br \/>\n\u00c9TUDIANTS<\/p>\n<p>COLUMNS \/ CHRONIQUES<\/p>\n<p>FEATURES \/ EN VEDETTE<br \/>\nVOL 60 |  BOOK 2 \/  TOME 2  |  2016<\/p>\n<p>Publication Mails Agreement #40008249.<br \/>\nReturn undeliverable Canadian addresses to: Appraisal Institute of Canada,<br \/>\n403-200 Catherine St., Ottawa, ON K2P 2K9. Email: info@aicanada.ca<\/p>\n<p>The articles printed in this issue represent authors\u2019 opinions only<br \/>\nand are not necessarily endorsed by the APPRAISAL INSTITUTE<br \/>\nOF CANADA. Copyright 2016 by the APPRAISAL INSTITUTE OF<br \/>\nCANADA. All rights reserved. Reproduction in whole or in part<br \/>\nwithout written permission is strictly prohibited. Subscription, $40.00<br \/>\nper year. Printed in Canada. Les articles imprim\u00e9s dans ce num\u00e9ro<br \/>\nne rep\u00e9sentent que l\u2019opinion de leur auteur respectif, mais ne sont<br \/>\npas n\u00e9ces\u2013sairement endoss\u00e9s par L\u2019INSTITUT CANADIEN DES<br \/>\n\u00c9VALUATEURS. Tous droits reserv\u00e9s 2016 par L\u2019INSTITUT CANADIEN<br \/>\nDES \u00c9VALUATEURS. La reproduction totale ou partielle sous quelque<br \/>\nform que se soit sans authorisation \u00e9crite est absolument interdite.<br \/>\nAbonnement $40.00 par ann\u00e9e. Imprim\u00e9 au Canada.<\/p>\n<p>* The Appraisal Institute of Canada reserves the right to reject<br \/>\nadvertising that it deems to be inappropriate.<br \/>\n** The publisher and the Appraisal Institute of Canada cannot be<br \/>\nheld liable for any material used or claims made in advertising<br \/>\nincluded in this publication.Indexed in the Canadian Business<br \/>\nIndex and available on-line in the Canadian Business &#038; Current<br \/>\nAffairs database.<br \/>\nISSN 0827-2697<\/p>\n<p>Publication management, design and production by:<br \/>\nDirection, conception et production par :<\/p>\n<p>3rd Floor \u2013 2020 Portage Avenue, Winnipeg, MB R3J 0K4<br \/>\nPhone: 866-985-9780 \u2022 Fax: 866-985-9799<br \/>\nE-mail: info@kelman.ca \u2022 Web: www.kelman.ca<\/p>\n<p>Managing Editor: Craig Kelman<br \/>\nDesign\/Layout: Jackie Magat<br \/>\nMarketing Manager: Kris Fillion<br \/>\nAdvertising Co-ordinator: Stefanie Hagidiakow<\/p>\n<p>Director &#8211; Marketing and Communications: Sheila Roy, Ottawa<br \/>\nCommunications Officer: Mary-Jane Erickson, Ottawa<\/p>\n<p>KEY PERFORMANCE<br \/>\nINDICATORS<br \/>\n LES INDICATEURS CL\u00c9S<br \/>\nDE PERFORMANCE<\/p>\n<p>BEST PRACTICES \u2013<br \/>\nEXAMPLES FROM THE FIELD<br \/>\nPRATIQUES EXEMPLAIRES \u2013<br \/>\nEXEMPLES SUR LE TERRAIN<\/p>\n<p>VALUING SOLAR ENERGY<br \/>\n\u2013 PART 2<br \/>\n\u00c9VALUER L\u2019\u00c9NERGIE SOLAIRE<br \/>\n\u2013 PARTIE 2<\/p>\n<p>CUSPAP, THE ONTARIO<br \/>\nEXPROPRIATIONS ACT AND<br \/>\nJURISDICTIONAL EXCEPTION<br \/>\nLES NUPPEC, LA LOI SUR<br \/>\nL\u2019EXPROPRIATION DE<br \/>\nL\u2019ONTARIO ET L\u2019EXCEPTION<br \/>\nJURIDICTIONNELLE<\/p>\n<p>11 3626<\/p>\n<p>CONTENTS<br \/>\nTABLE DES MATI\u00c8RES<\/p>\n<p>18<\/p>\n<p>Accelerating success.<\/p>\n<p>Colliers International is committed to paving a quick path to success<br \/>\nfor our employees. With access to hundreds of free courses<br \/>\nthrough Colliers University and ongoing career mentorship, our<br \/>\nsta\ufffd is not only encouraged to excel, they are given the tools to<br \/>\ndo so. Rise above the crowd. To accelerate your career, view<br \/>\ncurrent opportunities online at collierscanada.com\/careers or<br \/>\nsend your resume directly to vascanada@colliers.com.<\/p>\n<p>ABOVE THE<br \/>\nCROWD<\/p>\n<p>collierscanada.com\/careers<\/p>\n<p>MAKE YOUR MOVE Professionals Wanted<\/p>\n<p>ON SE<br \/>\nDISTINGUE<\/p>\n<p>collierscanada.com\/careers<\/p>\n<p>Colliers International est d\u00e9termin\u00e9 \u00e0 ouvrir la voie pour assuerer<br \/>\nle succ\u00e8s de ses employ\u00e9s. Gr\u00e2ce \u00e0 des centaines de cours gratuits<br \/>\net \u00e0 programmes programmes continues de rentoral propos\u00e9s<br \/>\npar l\u2019Universit\u00e9 Colliers, nous ne faisons pas qu\u2019encourager nos<br \/>\nemploy\u00e9s \u00e0 briller dans leur domaine, nous leur fournissons les<br \/>\noutils pour y arriver. Voyez o\u00f9 cette voie vous conduira. Pour<br \/>\nacc\u00e9l\u00e9rer votre r\u00e9ussite, consultez les opportunit\u00e9s de carri\u00e8re<br \/>\nactuellement en ligne sur collierscanada.com\/careers ou envoyez<br \/>\nvotre curriculum vitae directement \u00e0 vascanada@colliers.com.<\/p>\n<p>SAUTER SUR L\u2019ACCASION Professionels demand\u00e9s<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 5<\/p>\n<p>mailto:info@aicanada.ca<br \/>\nmailto:info@kelman.ca<br \/>\nhttp:\/\/www.kelman.ca<\/p>\n<p>EXECUTIVE CORNER<\/p>\n<p>REFLECTING ON<br \/>\nA PRESIDENCY<\/p>\n<p>D A N I E L  D O U C E T ,  A A C I ,  P . A P P<\/p>\n<p>P R E S I D E N T<\/p>\n<p>As the completion of his term as 2016 president of the Appraisal Institute of Canada (AIC) nears its end, Daniel Doucet, AACI,<br \/>\nP.App uses words such as fulfilling,<br \/>\nchallenging, humbling, busy and<br \/>\nrewarding to describe the positive feelings<br \/>\nhe has about his personal experiences in<br \/>\nthe Institute\u2019s highest office. <\/p>\n<p>\u201cWhether it is with family, friends,<br \/>\ntravel or career, I consider myself<br \/>\nfortunate to have accomplished many<br \/>\nthings throughout my life,\u201d says Daniel.<br \/>\n\u201cHaving the opportunity to serve as<br \/>\npresident of my professional association is<br \/>\ncertainly right \u2018up there\u2019 among my top<br \/>\naccomplishments\u2026 so far. I am proud<br \/>\nthat the membership and the Board<br \/>\nentrusted me with this responsibility.\u201d  <\/p>\n<p>Prior to taking on the presidency,<br \/>\nDaniel says he was very fortunate in being <\/p>\n<p>able to observe and learn from recent AIC<br \/>\npresidents Scott Wilson, Daniel Wilson,<br \/>\nDavid Shum and Michael Mendela.<br \/>\nThese dedicated individuals helped him<br \/>\nprepare for what the position would<br \/>\nentail and the challenges it would bring.<br \/>\nDuring their terms, these presidents also<br \/>\nset the stage for or introduced a number<br \/>\nof initiatives that Daniel and his team<br \/>\nplayed a key role in bringing to fruition. <\/p>\n<p>In no particular order of importance,<br \/>\nthe initiatives that were successfully<br \/>\nimplemented with Daniel at the<br \/>\nhelm included:<\/p>\n<p>\u2022 renewing affiliation agreements with<br \/>\nall of our provincial affiliates;<\/p>\n<p>\u2022 initiating a memorandum of<br \/>\nunderstanding (MOU) with<br \/>\nUniversit\u00e9 de Laval to provide our<br \/>\ncourse curriculum by distance<br \/>\nlearning in the French language; <\/p>\n<p>\u201cHAVING THE OPPORTUNITY TO<br \/>\nSERVE AS PRESIDENT OF MY  <\/p>\n<p>PROFESSIONAL ASSOCIATION<br \/>\nIS RIGHT \u2018UP THERE\u2019 AMONG THE  <\/p>\n<p>TOP ACCOMPLISHMENTS<br \/>\nIN MY LIFE.\u201d<\/p>\n<p>DA NIEL DOUCE T<\/p>\n<p>\u2022 working actively on reciprocity<br \/>\nagreements with like-minded VPOs<br \/>\nsuch as  the AI, TEGoVa, IRWA,<br \/>\nASA, IRWA and OEAQ;<\/p>\n<p>\u2022 undertaking a National Advocacy<br \/>\nInitiative in partnership with our<br \/>\nprovincial affiliates; <\/p>\n<p>\u2022 expanding the 2016 Canadian<br \/>\nUniform Standards of Professional<br \/>\nAppraisal Practice (CUSPAP)<br \/>\nto incorporate standards for<br \/>\nthe valuation of machinery<br \/>\nand equipment; <\/p>\n<p>\u2022 implementing a Top Appraiser<br \/>\nUnder 40 Award; and<\/p>\n<p>\u2022 achieving international recognition<br \/>\nof the AIC, its designations<br \/>\nand CUSPAP. <\/p>\n<p>Daniel is quick to point out how<br \/>\neach initiative was accomplished by<br \/>\na collaborative Board, operating in a <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 20166 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>EXECUTIVE CORNER<\/p>\n<p>transparent and open fashion, adhering<br \/>\nto a game plan, and methodically<br \/>\nworking toward its goals. <\/p>\n<p>According to Daniel, \u201cOn numerous<br \/>\noccasions, I had heard AIC CEO Keith<br \/>\nLancastle say, \u2018Sometimes getting things<br \/>\ndone at a valuation profession organization<br \/>\n(VPO) is like trying to steer the Queen<br \/>\nMary.\u2019 I now know what he means. It is<br \/>\nnot easy and it takes time, but the patience<br \/>\nand effort is well worth it.\u201d <\/p>\n<p>One of the major highlights for<br \/>\nDaniel has been the progress made in<br \/>\nrelationships with like-minded valuation<br \/>\norganizations in North America and<br \/>\nEurope. He is thrilled to see how the<br \/>\nAIC, its designations, its standards and,<br \/>\nthus, its members are being recognized<br \/>\nby the international valuation<br \/>\ncommunity as being among the best in<br \/>\nthe world. He proudly describes how<br \/>\nthis means that Canadian appraisers<br \/>\ncan assure their clients from outside<br \/>\nthe country that their work is equal to<br \/>\n\u2013 or better than \u2013 anything they would<br \/>\nreceive in their own markets.<\/p>\n<p>While these organizational<br \/>\naccomplishments were taking place,<br \/>\nthe biggest challenge Daniel faced was<br \/>\nbalancing his day job as a fee appraiser<br \/>\nat Altus Group with his duties as AIC<br \/>\npresident. The Altus Group\u2019s support was<br \/>\na welcome benefit that he emphasizes was<br \/>\nvital to the process. And while balancing<br \/>\nfamily life was not easy, he feels that the<br \/>\ntiming was right since his four daughters<br \/>\nare independent adults and he did not<br \/>\nhave to concern himself with taking time<br \/>\naway from a young family. The fact<br \/>\nthat Daniel\u2019s wife Cindy was able to<br \/>\naccompany him on several trips also<br \/>\nmade being away from home a lot easier.<\/p>\n<p>During his time as president,<br \/>\nDaniel\u2019s perception of the profession<br \/>\nhas certainly been altered. Previously,<br \/>\nhe did not realize how the AIC, its<br \/>\nuniversity-based path to designation,<br \/>\nits designations and standards, and<br \/>\nits mandatory Errors and Omissions<br \/>\nInsurance Program are the envy of the<br \/>\nvaluation profession throughout North<br \/>\nAmerica and Europe. It is recognition<br \/>\nhe feels is well deserved and something <\/p>\n<p>of which all appraisers should be<br \/>\nextremely proud, as he enthusiastically<br \/>\ndemonstrates when he spreads that<br \/>\nmessage to members and clients wherever<br \/>\nand whenever he can.<\/p>\n<p>When it comes to his appraisal<br \/>\ncolleagues, while travelling across<br \/>\nthe country as president as well as on<br \/>\nvaluation assignments on behalf of<br \/>\nAltus Group, he has come to see first-<br \/>\nhand the very important contribution<br \/>\nthat appraisers make to the Canadian<br \/>\neconomy. And while that contribution<br \/>\nis growing, he also knows full well<br \/>\nthat, like any not-for-profit professional<br \/>\norganization, the AIC will always face its<br \/>\nshare of challenges. \u201cThe world around<br \/>\nus is always changing and evolving,\u201d<br \/>\nhe says. \u201cIt is up to the Institute to meet<br \/>\nfuture challenges head on and to turn<br \/>\nthem into opportunities.\u201d  <\/p>\n<p>One of the AIC\u2019s biggest challenges<br \/>\nis the aging of its membership and the<br \/>\ncorresponding need to attract Millennials<br \/>\nto the appraisal profession. Fortunately,<br \/>\nDaniel feels that the Institute has never<br \/>\nbeen in a better position than it is now to<br \/>\nattract young people. \u201cThe reason for this<br \/>\ncan be summed up in two words: scope<br \/>\nexpansion,\u201d he says. \u201cReserve fund studies,<br \/>\nmachinery and equipment, and more<br \/>\nthat are yet to come, present expanded<br \/>\nopportunities beyond \u2018traditional<br \/>\nappraisal\u2019 that will attract the youth.<br \/>\nThe outlook is very positive in this regard.\u201d<\/p>\n<p>While focusing on the positives,<br \/>\nDaniel points out that the AIC is<br \/>\nfinancially stable and has a membership<br \/>\nthat is increasing at a time when most<br \/>\nof our sister organizations in North<br \/>\nAmerica are shrinking. He adds that <\/p>\n<p>Board meetings are more open, annual<br \/>\nmeetings are running smoothly, and a<br \/>\ntotally revamped committee structure is<br \/>\nfunctioning better than ever. <\/p>\n<p>Serving as president is an experience<br \/>\nthat Daniel steadfastly recommends.<br \/>\n\u201cThere is no doubt that it is a huge<br \/>\ncommitment \u2013 you will have to commit<br \/>\n35-40% of your time to your duties \u2013<br \/>\nincluding a significant amount of personal<br \/>\ntime and weekends. But the bottom line<br \/>\nis that the rewards of being president<br \/>\nfar outweigh the sacrifices you have to<br \/>\nmake. I only wish more members would<br \/>\nget to know the inner workings of this<br \/>\noutstanding organization. The path I<br \/>\nexperienced to the presidency exposed me<br \/>\nto how the AIC functions and how its staff<br \/>\ninteracts with members, committees and<br \/>\nprovincial affiliates. It certainly confirmed<br \/>\nwhat I already believed \u2013 that the Institute<br \/>\nis in extremely good hands.\u201d<\/p>\n<p>His advice to incoming presidents<br \/>\nwould be to \u201cnot let the position and<br \/>\nthe responsibilities get to your head.<br \/>\nYou are the president, but you have a very<br \/>\nexperienced Chief Executive Officer in<br \/>\nKeith Lancastle, supportive head office<br \/>\nstaff, and approximately 300 dedicated<br \/>\nvolunteers across Canada who complement<br \/>\none another to conduct the affairs of this<br \/>\norganization efficiently and effectively.<br \/>\nYou are the leader; therefore, it is up to<br \/>\nyou to lead. Be ready for some criticism,<br \/>\nbecause not all members will agree with<br \/>\nwhat you are trying to accomplish.<br \/>\nRepresent the AIC with pride, especially<br \/>\nwhen you are speaking about the Institute<br \/>\nto other like-minded organizations. Get out<br \/>\nof the \u2018Canadian\u2019 stereotype and brag<br \/>\nabout how good we are.\u201d <\/p>\n<p>While his time as president has passed,<br \/>\nDaniel now assumes the role of immediate<br \/>\npast president. His goal in this capacity<br \/>\nwill be to assist his successor with advice<br \/>\nbased on what he learned during his<br \/>\npresidency and to undertake any special<br \/>\ntasks that President Daniel Brewer may<br \/>\nbestow upon him. As he so eloquently<br \/>\nputs it, \u201cMy goal will be to eventually sail<br \/>\ninto the sunset with a smile on my face,<br \/>\nknowing that I have done my best to make<br \/>\nthe AIC a better organization.\u201d <\/p>\n<p>\u201cTHE WORLD AROUND<br \/>\nUS IS ALWAYS CHANGING <\/p>\n<p>AND EVOLVING, AND<br \/>\nIT IS UP TO THE AIC<br \/>\nTO MEET FUTURE <\/p>\n<p>CHALLENGES HEAD ON<br \/>\nAND TO TURN THEM  <\/p>\n<p>INTO OPPORTUNITIES.\u201d  <\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 7Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>LE COIN DE L\u2019EX\u00c9CUTIF<\/p>\n<p>REGARD SUR<br \/>\nLA PR\u00c9SIDENCE<\/p>\n<p>D A N I E L  D O U C E T ,  A A C I ,  P . A P P ,<\/p>\n<p>P R \u00c9 S I D E N T<\/p>\n<p>Apr\u00e8s avoir compl\u00e9t\u00e9 son  mandat comme pr\u00e9sident de l\u2019Institut canadien des \u00e9valuateurs (ICE) en 2016,<br \/>\nDaniel Doucet, AACI, P. App., utilise des<br \/>\nmots tels que satisfaisant, int\u00e9ressant,<br \/>\nmodestie, occup\u00e9 et enrichissant pour<br \/>\nd\u00e9crire ses exp\u00e9riences personnelles au<br \/>\nposte le plus \u00e9lev\u00e9 de l\u2019Institut. <\/p>\n<p>\u00ab Que ce soit au niveau de la famille,<br \/>\ndes amis, des voyages ou de la carri\u00e8re,<br \/>\nje me consid\u00e8re chanceux d\u2019avoir<br \/>\nr\u00e9alis\u00e9 plusieurs choses dans ma vie \u00bb,<br \/>\nde dire Daniel. \u00ab L\u2019occasion de servir<br \/>\ncomme pr\u00e9sident de mon association<br \/>\nprofessionnelle fait certes partie de ces<br \/>\nr\u00e9alisations jusqu\u2019\u00e0 pr\u00e9sent. Je suis fier que<br \/>\nles membres et le Conseil m\u2019aient confi\u00e9<br \/>\ncette responsabilit\u00e9. \u00bb <\/p>\n<p>Avant d\u2019assumer la pr\u00e9sidence, Daniel<br \/>\nfut tr\u00e8s chanceux de pouvoir observer et<br \/>\nd\u2019apprendre des r\u00e9cents pr\u00e9sidents de l\u2019ICE <\/p>\n<p>Scott Wilson, Daniel Wilson, David Shum<br \/>\net Michael Mendela. Ces gens d\u00e9vou\u00e9s<br \/>\nl\u2019ont aid\u00e9 \u00e0 se pr\u00e9parer aux responsabilit\u00e9s<br \/>\ndu poste et aux d\u00e9fis qui s\u2019y rattachent.<br \/>\nDurant leurs mandats, ces pr\u00e9sidents ont<br \/>\naussi jet\u00e9 les assises d\u2019un certain nombre<br \/>\nd\u2019initiatives que Daniel et son \u00e9quipe ont<br \/>\nmen\u00e9 \u00e0 bien. <\/p>\n<p>Les initiatives, pr\u00e9sent\u00e9es ici dans aucun<br \/>\nordre particulier, qui ont vu le jour sous la<br \/>\ndirection de Daniel incluent\u00a0: <\/p>\n<p>\u2022 Le renouvellement des ententes<br \/>\nd\u2019affiliation avec tous nos organismes<br \/>\nprovinciaux affili\u00e9s; <\/p>\n<p>\u2022 La conclusion d\u2019un protocole d\u2019entente<br \/>\n(PE) avec l\u2019Universit\u00e9 Laval visant<br \/>\n\u00e0 offrir un programme de cours \u00e0<br \/>\ndistance de langue fran\u00e7aise; <\/p>\n<p>\u2022 Une collaboration active sur les<br \/>\nententes de r\u00e9ciprocit\u00e9 avec les OEP<br \/>\naux vues similaires comme l\u2019AI,<br \/>\nTEGoVa, IRWA, l\u2019ASA, et l\u2019OEAQ;<\/p>\n<p>\u00ab L\u2019OCCASION DE SERVIR COMME<br \/>\nPR\u00c9SIDENT DE MON ASSOCIATION  <\/p>\n<p>PROFESSIONNELLE FAIT CERTES<br \/>\nPARTIE DES PLUS GRANDES<br \/>\nR\u00c9ALISATIONS DE MA VIE. \u00bb<\/p>\n<p>\u2022 Une initiative de repr\u00e9sentation<br \/>\nnationale en partenariat avec nos<br \/>\norganismes provinciaux affili\u00e9s; <\/p>\n<p>\u2022 L\u2019expansion des Normes uniformes<br \/>\nde pratique professionnelle en<br \/>\nmati\u00e8re d\u2019\u00e9valuation au Canada 2016<br \/>\n(NUPPEC) afin d\u2019y incorporer les<br \/>\nnormes d\u2019\u00e9valuation de la machinerie<br \/>\net de l\u2019\u00e9quipement; <\/p>\n<p>\u2022 L\u2019institution du prix du Meilleur<br \/>\n\u00e9valuateur de moins de 40 ans; et<\/p>\n<p>\u2022 La reconnaissance internationale de<br \/>\nl\u2019ICE, de ses titres et des NUPPEC. <\/p>\n<p>Daniel s\u2019empresse de souligner comment<br \/>\nchaque initiative a \u00e9t\u00e9 r\u00e9alis\u00e9e gr\u00e2ce \u00e0 la<br \/>\ncollaboration au niveau du Conseil qui<br \/>\na agi de fa\u00e7on transparente et ouverte,<br \/>\nrespect\u00e9 un plan de jeu et qui a avanc\u00e9<br \/>\nm\u00e9thodiquement vers ses objectifs. <\/p>\n<p>Daniel ajoute qu\u2019il a \u00ab souvent entendu<br \/>\nle chef de la direction de l\u2019ICE, Keith<br \/>\nLancastle, dire qu\u2019il est parfois aussi <\/p>\n<p>DA NIEL DOUCE T<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 20168 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>LE COIN DE L\u2019EX\u00c9CUTIF<\/p>\n<p>difficile de r\u00e9aliser quelque chose au niveau<br \/>\nd\u2019un organisme d\u2019\u00e9valuation professionnel<br \/>\n(OEP) que de piloter le Queen Mary et<br \/>\nil comprend bien pourquoi. Ce n\u2019est pas<br \/>\ntoujours facile mais la patience et les efforts<br \/>\nen valent le coup. \u00bb<\/p>\n<p>L\u2019un des faits saillants du mandat<br \/>\nde Daniel a \u00e9t\u00e9 le progr\u00e8s au niveau des<br \/>\nrelations avec les organismes d\u2019\u00e9valuation<br \/>\naux vues similaires en Am\u00e9rique du<br \/>\nNord et en Europe. Il est fier de voir<br \/>\ncomment l\u2019ICE et ses titres, ses normes et<br \/>\nses membres sont reconnus par le milieu<br \/>\nde l\u2019\u00e9valuation \u00e0 l\u2019\u00e9chelle internationale<br \/>\ncomme figurant parmi les meilleurs au<br \/>\nmonde. Il d\u00e9crit avec fiert\u00e9 comment cela<br \/>\nsignifie que les \u00e9valuateurs canadiens<br \/>\npeuvent assurer aux clients \u00e9trangers que<br \/>\nleur travail est \u00e9gal ou meilleur \u00e0 ce qui est<br \/>\noffert sur leurs propres march\u00e9s. <\/p>\n<p>Alors que ces r\u00e9alisations<br \/>\norganisationnelles avaient lieu, le d\u00e9fi<br \/>\nle plus important pour Daniel \u00e9tait<br \/>\nd\u2019\u00e9quilibrer son travail quotidien comme<br \/>\n\u00e9valuateur \u00e0 honoraires chez Altus et<br \/>\nses fonctions de pr\u00e9sident de l\u2019ICE.<br \/>\nLe soutien du Groupe Altus a \u00e9t\u00e9 un<br \/>\navantage bien accueilli qui a \u00e9t\u00e9 crucial<br \/>\nau processus. Ensuite, bien que l\u2019\u00e9quilibre<br \/>\nde tout cela avec la vie familiale n\u2019ait pas<br \/>\n\u00e9t\u00e9 facile, il croit que le moment \u00e9tait<br \/>\nappropri\u00e9 puisque ces quatre filles sont<br \/>\ndes adultes ind\u00e9pendantes et qu\u2019il n\u2019avait<br \/>\npas \u00e0 se pr\u00e9occuper de s\u2019\u00e9loigner d\u2019une<br \/>\njeune famille pour qui le temps est plus<br \/>\nimportant. Aussi, le fait que l\u2019\u00e9pouse<br \/>\nde Daniel, Cindy, fut en mesure de<br \/>\nl\u2019accompagner lors de plusieurs voyages a<br \/>\nfacilit\u00e9 les absences de la maison. <\/p>\n<p>Durant son mandat comme pr\u00e9sident,<br \/>\nsa perception de la profession a certes<br \/>\nchang\u00e9. Auparavant, il ne r\u00e9alisait pas<br \/>\njusqu\u2019\u00e0 quel point l\u2019ICE, les \u00e9tudes<br \/>\nuniversitaires menant aux titres, les<br \/>\ntitres, les normes et le programme<br \/>\nobligatoire d\u2019assurance contre les<br \/>\nerreurs et omissions faisaient l\u2019envie<br \/>\ndes \u00e9valuateurs d\u2019Am\u00e9rique du Nord et<br \/>\nd\u2019Europe. Cette reconnaissance est bien<br \/>\nm\u00e9rit\u00e9e et nos \u00e9valuateurs devraient en<br \/>\n\u00eatre tr\u00e8s fiers dit-il avec enthousiasme<br \/>\nchaque fois qu\u2019il a l\u2019occasion de s\u2019adresser<br \/>\naux membres et clients.<\/p>\n<p>En ce qui touche ses coll\u00e8gues<br \/>\n\u00e9valuateurs, que ce soit lors de ses voyages<br \/>\nau pays comme pr\u00e9sident ou dans le cadre<br \/>\nde son travail pour le compte du Groupe<br \/>\nAltus, il a constat\u00e9 directement l\u2019importante<br \/>\ncontribution que les \u00e9valuateurs font \u00e0<br \/>\nl\u2019\u00e9conomie canadienne. Ensuite, bien que<br \/>\ncette contribution ne cesse de cro\u00eetre, il<br \/>\nsait tr\u00e8s bien que tel que c\u2019est le cas de tout<br \/>\norganisme professionnel \u00e0 but non lucratif,<br \/>\nl\u2019ICE aura toujours sa part de d\u00e9fis \u00e0 relever.<br \/>\n\u00ab Le monde autour de nous est en constante<br \/>\n\u00e9volution \u00bb, dit-il. \u00ab Il rel\u00e8ve de l\u2019Institut de<br \/>\nrelever directement les d\u00e9fis \u00e0 venir et d\u2019en<br \/>\nfaire des occasions. \u00bb <\/p>\n<p>L\u2019un des plus grands d\u00e9fis de l\u2019ICE est le<br \/>\nvieillissement de ses membres et le besoin<br \/>\ncorrespondant d\u2019attirer la g\u00e9n\u00e9ration du<br \/>\nMill\u00e9naire \u00e0 la profession. Heureusement,<br \/>\nDaniel est d\u2019avis que l\u2019Institut n\u2019a jamais<br \/>\n\u00e9t\u00e9 en aussi bonne position qu\u2019il l\u2019est<br \/>\nmaintenant pour attirer les jeunes.<br \/>\n\u00ab On peut en r\u00e9sumer la raison en<br \/>\ndeux mots : expansion de la port\u00e9e \u00bb,<br \/>\npr\u00e9cise-t-il. \u00ab Les \u00e9tudes de fonds de<br \/>\nr\u00e9serve, la machinerie et l\u2019\u00e9quipement<br \/>\net d\u2019autres choses encore \u00e0 venir offrent<br \/>\ndes occasions accrues au-del\u00e0 des<br \/>\n\u00e9valuations traditionnelles qui sauront<br \/>\nattirer les jeunes. Les perspectives sont<br \/>\nexcellentes \u00e0 ce chapitre. \u00bb<\/p>\n<p>Toujours en parlant des points positifs,<br \/>\nDaniel souligne que la situation financi\u00e8re<br \/>\nde l\u2019ICE est stable et que le nombre de<br \/>\nmembres augmente \u00e0 un moment o\u00f9<br \/>\nil baisse dans les organismes similaires<br \/>\nen Am\u00e9rique du Nord. Il ajoute que les<br \/>\nr\u00e9unions du Conseil sont plus ouvertes,<br \/>\nque les r\u00e9unions annuelles se d\u00e9roulent en<br \/>\ndouceur et que la structure remani\u00e9e des<br \/>\ncomit\u00e9s produit d\u2019excellents r\u00e9sultats. <\/p>\n<p>Servir comme pr\u00e9sident est une<br \/>\nexp\u00e9rience que Daniel recommande sans<br \/>\nconteste. Il ne fait aucun doute que c\u2019est<br \/>\nun immense engagement. Il faut consacrer<br \/>\nde 35 \u00e0 40 pour cent de son temps \u00e0<br \/>\nnos fonctions, y compris beaucoup de<br \/>\ntemps personnel et les fins de semaine.<br \/>\nMais les bienfaits de servir comme<br \/>\npr\u00e9sident d\u00e9passent de beaucoup les<br \/>\nsacrifices qu\u2019il faut faire. Mon seul d\u00e9sir<br \/>\nest que plus de membres parviennent<br \/>\n\u00e0 conna\u00eetre le fonctionnement interne<br \/>\nde cette organisation remarquable.<br \/>\nLa voie que j\u2019ai suivie vers la pr\u00e9sidence<br \/>\nm\u2019a permis de voir le fonctionnement<br \/>\nde l\u2019ICE et son interaction avec les<br \/>\nmembres, les comit\u00e9s et les organismes<br \/>\nprovinciaux affili\u00e9s. Cela a certes<br \/>\nconfirm\u00e9 ce que je croyais d\u00e9j\u00e0, soit que<br \/>\nl\u2019Institut est entre de tr\u00e8s bonnes mains. <\/p>\n<p>Son conseil aux futurs pr\u00e9sidents<br \/>\nest \u00ab de ne pas se prendre pour un<br \/>\nautre en raison du poste occup\u00e9 et des<br \/>\nresponsabilit\u00e9s y aff\u00e9rentes. Vous \u00eates<br \/>\npr\u00e9sident, mais le chef de la direction,<br \/>\nKeith Lancastle, est tr\u00e8s comp\u00e9tent ainsi<br \/>\nque le personnel de soutien au bureau<br \/>\net environ 300 b\u00e9n\u00e9voles d\u00e9vou\u00e9s \u00e0<br \/>\nl\u2019\u00e9chelle du pays qui se compl\u00e8tent l\u2019un<br \/>\net l\u2019autre pour mener \u00e0 bien les affaires de<br \/>\nl\u2019organisation. Vous \u00eates chef donc vous<br \/>\ndevez diriger. Soyez pr\u00eat \u00e0 subir la critique<br \/>\noccasionnelle parce que ce ne sont pas<br \/>\ntous les membres qui sont d\u2019accord avec ce<br \/>\nque vous tentez d\u2019accomplir. Repr\u00e9sentez<br \/>\nl\u2019ICE avec fiert\u00e9, surtout lorsque vous<br \/>\nparlez de l\u2019organisation \u00e0 d\u2019autres<br \/>\ngroupes aux vues similaires. \u00c9loignez-<br \/>\nvous du st\u00e9r\u00e9otype canadien et vantez la<br \/>\ncomp\u00e9tence qui nous caract\u00e9rise. \u00bb<\/p>\n<p>Alors que son temps \u00e0 la pr\u00e9sidence<br \/>\nest termin\u00e9, Daniel assumera maintenant<br \/>\nle r\u00f4le de pr\u00e9sident sortant imm\u00e9diat.<br \/>\n\u00c0 ce titre, son objectif est d\u2019aider son<br \/>\nsuccesseur en le conseillant d\u2019apr\u00e8s ce<br \/>\nqu\u2019il a lui-m\u00eame appris \u00e0 la pr\u00e9sidence<br \/>\net s\u2019acquitter des t\u00e2ches sp\u00e9ciales qui lui<br \/>\nseront conf\u00e9r\u00e9es par le pr\u00e9sident Daniel<br \/>\nBrewer. Comme il le dit si bien : \u00ab mon<br \/>\nobjectif sera \u00e9ventuellement de prendre<br \/>\nle large avec le sourire, sachant que j\u2019ai<br \/>\nfait de mon mieux pour faire de l\u2019ICE un<br \/>\norganisme encore meilleur. \u00bb <\/p>\n<p>\u00ab LE MONDE AUTOUR<br \/>\nDE NOUS EST EN <\/p>\n<p>CONSTANTE \u00c9VOLUTION<br \/>\nET IL REL\u00c8VE DE <\/p>\n<p>L\u2019INSTITUT DE RELEVER<br \/>\nDIRECTEMENT LES D\u00c9FIS <\/p>\n<p>\u00c0 VENIR ET D\u2019EN FAIRE<br \/>\nDES OCCASIONS. \u00bb<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 9Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>IndustrIal<\/p>\n<p>Commercial<br \/>\nInvestment<\/p>\n<p>A<br \/>\nss<\/p>\n<p>e<br \/>\nss<\/p>\n<p>m<br \/>\ne<br \/>\nn<br \/>\nt <\/p>\n<p>a<br \/>\np<\/p>\n<p>p<br \/>\ne<br \/>\na<br \/>\nl<\/p>\n<p>Appraisals<\/p>\n<p>D<br \/>\nIv<\/p>\n<p>o<br \/>\nr<\/p>\n<p>c<br \/>\ne<\/p>\n<p>S<br \/>\nin<\/p>\n<p>g<br \/>\nle<\/p>\n<p>-F<br \/>\na<br \/>\nm<\/p>\n<p>ily<\/p>\n<p>A<br \/>\ng<\/p>\n<p>ric<br \/>\nu<\/p>\n<p>ltu<br \/>\nra<\/p>\n<p>l<\/p>\n<p>V<br \/>\na<br \/>\nl<br \/>\nu<br \/>\na<br \/>\nt<br \/>\nIo<\/p>\n<p>n<\/p>\n<p>F<br \/>\no<\/p>\n<p>re<br \/>\nc<br \/>\nlo<\/p>\n<p>su<br \/>\nre<\/p>\n<p>M<br \/>\nu<\/p>\n<p>lt<br \/>\ni-<\/p>\n<p>F<br \/>\na<br \/>\nm<\/p>\n<p>ily<\/p>\n<p>coMpetItIve<\/p>\n<p>r<br \/>\ne<br \/>\nn<br \/>\no<\/p>\n<p>v<br \/>\na<br \/>\nti<\/p>\n<p>o<br \/>\nn<\/p>\n<p>Lease<br \/>\nArbitration<\/p>\n<p>r<br \/>\ne<\/p>\n<p>S<br \/>\nID<\/p>\n<p>e<br \/>\nn<\/p>\n<p>t<br \/>\nIA<\/p>\n<p>L<\/p>\n<p>Q<br \/>\nu<br \/>\na<br \/>\nl<br \/>\nIt<br \/>\ny<\/p>\n<p>estate<\/p>\n<p>Delivering leading edge appraisal strategies<\/p>\n<p>C<br \/>\no<br \/>\nn<br \/>\nsu<\/p>\n<p>ltin<br \/>\ng<\/p>\n<p>real property<br \/>\nExpropriation<\/p>\n<p>CDC INC. is a national full service appraisal firm<br \/>\nT:  1.866.479.7922 <\/p>\n<p>F:  1.877.429.7972 <\/p>\n<p>E:  info@cdcinc.ca<\/p>\n<p>W:  www.cdcinc.ca<\/p>\n<p>REAL PROPERTY APPRAISALS<\/p>\n<p>@cdcincproperty<\/p>\n<p>facebook.com\/cdcconsulting<\/p>\n<p>mailto:info@cdcinc.ca<br \/>\nhttp:\/\/www.cdcinc.ca<br \/>\n<a class=\"twitter-timeline\" data-width=\"500\" data-height=\"750\" data-dnt=\"true\" href=\"https:\/\/twitter.com\/cdcincproperty?ref_src=twsrc%5Etfw\">Tweets by cdcincproperty<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nhttps:\/\/www.facebook.com\/cdcconsulting<\/p>\n<p>A<br \/>\nll appraisals completed<br \/>\nin Canada by members<br \/>\nof the Appraisal Institute<br \/>\nof Canada (AIC) must<br \/>\ncomply with the AIC\u2019s <\/p>\n<p>standards presented in the Canadian<br \/>\nUniform Standards of Professional<br \/>\nAppraisal Practice (CUSPAP). All<br \/>\nmembers of the AIC must receive regular<br \/>\ninstruction on CUSPAP compliance as a<br \/>\nprerequisite for maintaining accreditation<br \/>\nand membership status. The entirety<br \/>\nof CUSPAP is subject to compliance,<br \/>\nwhich includes, but is not subject to,<br \/>\nCUSPAP \u2019s caveat of Jurisdictional<br \/>\nException. This article endeavours to <\/p>\n<p>explore Jurisdictional Exception and<br \/>\nhow it relates to the appraisal of property<br \/>\nbeing expropriated in accordance with the<br \/>\nOntario Expropriations Act (OEA) by an<br \/>\nAIC member. The impact of Jurisdictional<br \/>\nException upon an appraisal in the case<br \/>\nof lands being expropriated in compliance<br \/>\nwith the OEA is significant and affects a<br \/>\nnumber of aspects of the appraisal.<\/p>\n<p>CUSPAP and<br \/>\nJurisdictional Exception<br \/>\nCUSPAP exists with the intent to<br \/>\n\u201cpromote and maintain a high level of<br \/>\npublic trust in professional appraisal<br \/>\npractice by establishing requirements for <\/p>\n<p>appraisal, review, consulting and reserve<br \/>\nfund planning assignments.\u201d1 One of the<br \/>\nprimary ways this is accomplished is by the<br \/>\nprerequisite that every appraisal completed<br \/>\nby a member of the AIC must comply with<br \/>\nall relevant legislation and public policy<br \/>\ngoverning the property being appraised and<br \/>\nthe purpose of the assignment. At times,<br \/>\nhowever, the relevant Definitions, Rules<br \/>\nand Comments of CUSPAP applicable<br \/>\nto the appraisal can be in contradiction<br \/>\nto such legislation. When this occurs,<br \/>\nCUSPAP\u2019s rule of Jurisdictional Exception<br \/>\ncomes into play, placing the relevant<br \/>\nlegislation in priority over the CUSPAP<br \/>\nDefinitions, Rules and Comments.<\/p>\n<p>BY LISA CAMPBELL, B.A., AACI, P.APP, CAMPBELL &#038; COMPANY APPRAISALS INC., ST. CATHARINES, ON<\/p>\n<p>CUSPAP, the Ontario Expropriations<br \/>\nAct and Jurisdictional Exception<\/p>\n<p>IndustrIal<\/p>\n<p>Commercial<br \/>\nInvestment<\/p>\n<p>A<br \/>\nss<\/p>\n<p>e<br \/>\nss<\/p>\n<p>m<br \/>\ne<br \/>\nn<br \/>\nt <\/p>\n<p>a<br \/>\np<\/p>\n<p>p<br \/>\ne<br \/>\na<br \/>\nl<\/p>\n<p>Appraisals<\/p>\n<p>D<br \/>\nIv<\/p>\n<p>o<br \/>\nr<\/p>\n<p>c<br \/>\ne<\/p>\n<p>S<br \/>\nin<\/p>\n<p>g<br \/>\nle<\/p>\n<p>-F<br \/>\na<br \/>\nm<\/p>\n<p>ily<\/p>\n<p>A<br \/>\ng<\/p>\n<p>ric<br \/>\nu<\/p>\n<p>ltu<br \/>\nra<\/p>\n<p>l<\/p>\n<p>V<br \/>\na<br \/>\nl<br \/>\nu<br \/>\na<br \/>\nt<br \/>\nIo<\/p>\n<p>n<\/p>\n<p>F<br \/>\no<\/p>\n<p>re<br \/>\nc<br \/>\nlo<\/p>\n<p>su<br \/>\nre<\/p>\n<p>M<br \/>\nu<\/p>\n<p>lt<br \/>\ni-<\/p>\n<p>F<br \/>\na<br \/>\nm<\/p>\n<p>ily<\/p>\n<p>coMpetItIve<\/p>\n<p>r<br \/>\ne<br \/>\nn<br \/>\no<\/p>\n<p>v<br \/>\na<br \/>\nti<\/p>\n<p>o<br \/>\nn<\/p>\n<p>Lease<br \/>\nArbitration<\/p>\n<p>r<br \/>\ne<\/p>\n<p>S<br \/>\nID<\/p>\n<p>e<br \/>\nn<\/p>\n<p>t<br \/>\nIA<\/p>\n<p>L<\/p>\n<p>Q<br \/>\nu<br \/>\na<br \/>\nl<br \/>\nIt<br \/>\ny<\/p>\n<p>estate<\/p>\n<p>Delivering leading edge appraisal strategies<\/p>\n<p>C<br \/>\no<br \/>\nn<br \/>\nsu<\/p>\n<p>ltin<br \/>\ng<\/p>\n<p>real property<br \/>\nExpropriation<\/p>\n<p>CDC INC. is a national full service appraisal firm<br \/>\nT:  1.866.479.7922 <\/p>\n<p>F:  1.877.429.7972 <\/p>\n<p>E:  info@cdcinc.ca<\/p>\n<p>W:  www.cdcinc.ca<\/p>\n<p>REAL PROPERTY APPRAISALS<\/p>\n<p>@cdcincproperty<\/p>\n<p>facebook.com\/cdcconsulting<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 11Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<\/p>\n<p>Note Section 3.6 of CUSPAP 2014:<br \/>\n3.6 Jurisdictional Exception<br \/>\n3.6.1 An assignment condition that <\/p>\n<p>voids the force of a part or parts of<br \/>\nthe Canadian Uniform Standards<br \/>\nof Professional Appraisal Practice<br \/>\n(CUSPAP), when compliance would<br \/>\nbe contrary to law or public policy<br \/>\napplicable to the assignment.<\/p>\n<p>3.6.2 Jurisdiction relates to the legal<br \/>\nauthority to legislate, apply or interpret<br \/>\nlaw at either the federal, provincial<br \/>\nor local levels of government. It is<br \/>\nmisleading not to identify the part or<br \/>\nparts of CUSPAP disregarded and the<br \/>\nlegal authority justifying this action.<\/p>\n<p>3.6.3 In every case, it is ultimately<br \/>\nthe responsibility of the appraiser,<br \/>\nnot the client or other intended<br \/>\nusers, to determine whether the<br \/>\nuse of Jurisdictional Exception is<br \/>\nappropriate. It is unethical for a<br \/>\nmember to complete an assignment<br \/>\nthat a reasonable appraiser could<br \/>\nnot support.<\/p>\n<p>In every instance where Jurisdictional<br \/>\nException is invoked in an appraisal<br \/>\nreport, an extraordinary assumption<br \/>\nand associated extraordinary limiting<br \/>\ncondition must be applied.<\/p>\n<p>7.11 Assumptions<br \/>\nand Limiting Conditions<\/p>\n<p>7.11.2: Extraordinary Assumption refers<br \/>\nto a hypothesis \u2013 either supposed or<br \/>\nnot confirmed, which, if not true,<br \/>\ncould alter the appraiser\u2019s opinions <\/p>\n<p>and conclusions. Full disclosure<br \/>\nof any Extraordinary Assumption<br \/>\nmust accompany statements of each<br \/>\nopinion\/conclusion so affected<br \/>\n(see also Hypothetical Conditions).<\/p>\n<p>7.11.3: Extraordinary Limiting<br \/>\nCondition refers to a necessary<br \/>\nmodification or exclusion of a<br \/>\nStandard Rule. The burden is on the<br \/>\nappraiser to explain and justify such<br \/>\nnecessity in the report, and to conclude<br \/>\nbefore accepting an assignment and<br \/>\ninvoking an Extraordinary Limiting<br \/>\nCondition that the scope of work<br \/>\napplied will result in opinions\/<br \/>\nconclusions that are credible.<\/p>\n<p>7.12: Hypothetical Conditions<br \/>\n7.12.1: May be used when they are <\/p>\n<p>required for legal purposes, for<br \/>\npurposes of reasonable analysis, or<br \/>\nfor purposes of comparison. \u2026<\/p>\n<p>7.12.2: For every Hypothetical<br \/>\nCondition, an Extraordinary<br \/>\nAssumption is required in the report.<\/p>\n<p>7.12.4: Appraisals for expropriation can<br \/>\nincur hypothetical conditions, and<br \/>\nmay require the appraiser to invoke<br \/>\nthe Jurisdictional Exception protocol.<\/p>\n<p>7.12.5: The hypothetical condition must<br \/>\nbe clearly disclosed in the report, with<br \/>\na description of the hypothesis, the<br \/>\nrationale for its use and its effect on<br \/>\nthe result of the assignment.<\/p>\n<p>7.12.6: An analysis based on a<br \/>\nhypothetical condition must not<br \/>\nresult in an appraisal report that is<br \/>\nmisleading.<\/p>\n<p>Various legislated acts exist under which<br \/>\nland can be expropriated in Ontario.<br \/>\nIn particular, this article discusses the<br \/>\nimpact that Jurisdictional Exception can<br \/>\nhave upon the various components of an<br \/>\nappraisal report that has been created to<br \/>\ncomply with CUSPAP and the OEA.<\/p>\n<p>CUSPAP and the OEA<br \/>\nIgnoring the Scheme<br \/>\nThe term \u201cthe Scheme\u201d in this article<br \/>\nrefers to the anticipated improvements that<br \/>\nnecessitate the expropriation of the required<br \/>\nlands. Sections 14(4) and 14(5) in the OEA<br \/>\nrefer to the Scheme as \u201cthe development.\u201d <\/p>\n<p>CUSPAP states that, in the appraisal,<br \/>\nthe appraiser must \u201cidentify the scope<br \/>\nof work necessary to complete the<br \/>\nassignment.\u201d2 This includes \u201cresearch into<br \/>\nphysical and economic factors that could <\/p>\n<p>&laquo;&nbsp;The impact of<br \/>\nJurisdictional Exception <\/p>\n<p>upon an appraisal<br \/>\nin the case of lands <\/p>\n<p>being expropriated in<br \/>\ncompliance with the <\/p>\n<p>OEA is significant and<br \/>\naffects a number of <\/p>\n<p>aspects of the appraisal.&nbsp;&raquo;<\/p>\n<p>Conducting appraisal business has never been easier<\/p>\n<p>\u2022 Dedicated to real estate appraisers and their clients<\/p>\n<p>\u2022 Drives new business relationships<\/p>\n<p>\u2022 Web-based and Mobile-friendly<\/p>\n<p>\u2022 Convenient, fast, and efficient <\/p>\n<p>Find Out How At:<\/p>\n<p>www.appello.ca<br \/>\nFind Out How At:<\/p>\n<p>www.appello.ca<br \/>\nFind Out How At:<\/p>\n<p>www.appello.ca<br \/>\nFind Out How At:<\/p>\n<p>www.appello.ca<\/p>\n<p>Your Canadian Appraiser Connection&#8230;<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201612 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.appello.ca<br \/>\nhttp:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<\/p>\n<p>affect the property.\u201d3 Furthermore, CUSPAP<br \/>\nstates that the appraiser must \u201canalyze the<br \/>\neffect on value of anticipated public or<br \/>\nprivate improvements.\u201d4 However, when<br \/>\nan appraisal is completed for expropriation<br \/>\npurposes under the OEA, Section 14.4 of<br \/>\nthe OEA takes precedence, as noted below:<\/p>\n<p>In determining the market value of<br \/>\nland, no account shall be taken of,<br \/>\n(a) the special use to which the <\/p>\n<p>expropriating authority will put<br \/>\nthe land;<\/p>\n<p>(b) any increase or decrease in<br \/>\nthe value of the land resulting<br \/>\nfrom the development or the<br \/>\nimminence of the development<br \/>\nin respect of which the<br \/>\nexpropriation is made or from<br \/>\nany expropriation or imminent<br \/>\nprospect of expropriation; or<\/p>\n<p>(c) any increase in the value of the<br \/>\nland resulting from the land<br \/>\nbeing put to a use that could<br \/>\nbe restrained by any court or is<br \/>\ncontrary to law or is detrimental<br \/>\nto the health of the occupants of<br \/>\nthe land or to the public health.<br \/>\nR.S.O. 1990, c. E.26, s. 14(4).<\/p>\n<p>Thus, in the case of an appraisal written<br \/>\nin compliance with the OEA, the Scheme<br \/>\nmust be \u2018screened out\u2019 of the valuation<br \/>\nprocess. As a result, one component of the<br \/>\nphysical and economic factors that could<br \/>\naffect the property \u2013 namely, an anticipated<br \/>\npublic improvement \u2013 is not taken into<br \/>\nconsideration in the valuation.<\/p>\n<p>Betterment<br \/>\nBetterment is defined in The Dictionary<br \/>\nof Real Estate Appraisal as \u201csubstantial<br \/>\nimprovements to real property representing<br \/>\ncapital expenditures that constitute more<br \/>\nthan mere repairs.\u201d5 In the case of lands<br \/>\nbeing expropriated in Ontario, betterment<br \/>\nis generally referred to as a substantial<br \/>\nimprovement to the market value of<br \/>\nthe remaining lands after the taking of<br \/>\nthe required lands of a subject property,<br \/>\ndue to the construction and use of the<br \/>\nScheme. In a typical appraisal, betterment<br \/>\nresulting from the Scheme must be taken<br \/>\ninto consideration in the valuation of the <\/p>\n<p>remaining lands in order for the appraisal<br \/>\nto comply with CUSPAP, specifically, with<br \/>\nAppraisal Standard Rules 6.2.4 and 6.2.20<br \/>\nand Appraisal Standard Comment 7.5.1 ii<br \/>\nthat refer to scope of work and analyzing<br \/>\nthe effect on value of anticipated public<br \/>\nor private improvements (see subsection<br \/>\n\u2018Ignoring the Scheme\u2019 in this article).<br \/>\nHowever, when an appraisal is completed<br \/>\nfor expropriation purposes under the<br \/>\nOEA, Section 23 of this legislation takes<br \/>\nprecedence, as noted below:<\/p>\n<p>23. The value of any advantage to the<br \/>\nland or remaining land of an owner<br \/>\nderived from any work for which<br \/>\nland was expropriated or by which<br \/>\nland was injuriously affected shall be<br \/>\nset off only against the amount of the<br \/>\ndamages for injurious affection to<br \/>\nthe owner\u2019s land or remaining lands.<br \/>\nR.S.O. 1990, c. E.26, s. 23.<\/p>\n<p>Simply put, even though betterment to<br \/>\nthe remaining lands arising from the <\/p>\n<p>completion of the Scheme may be<br \/>\nsubstantial, its value may only be taken<br \/>\ninto account to the extent that it offsets<br \/>\nthe damages for injurious affection<br \/>\nupon the remaining lands which arise<br \/>\nfrom the taking of the required lands.<\/p>\n<p>Equivalent reinstatement<br \/>\nWhen lands are expropriated, the owner<br \/>\nof the required lands may be entitled to<br \/>\nwhat is termed \u2018equivalent reinstatement\u2019<br \/>\nin the OEA, as noted below:<\/p>\n<p>(2) Where the land expropriated<br \/>\nis devoted to a purpose of such<br \/>\na nature that there is no general<br \/>\ndemand or market for land for<br \/>\nthat purpose, and the owner<br \/>\ngenuinely intends to relocate<br \/>\nin similar premises, the market<br \/>\nvalue shall be deemed to be the<br \/>\nreasonable cost of equivalent<br \/>\nreinstatement, R.S.O. 1990,<br \/>\nc. E.26, s. 14 (2).<\/p>\n<p>CUSPAP, the Ontario Expropriations Act<br \/>\nand Jurisdictional Exception<\/p>\n<p>Suite 101, 24 Inglewood Drive, St. Albert, AB T8N 6K4<\/p>\n<p>Jeremy Wasmuth, AACI, P. App., B. Comm<\/p>\n<p>Tel: (780) 424-8856  \u2022  Fax: (587) 290-2267<br \/>\nEmail: jwasmuth@crvg.com<\/p>\n<p>Email: jeremy.wasmuth@crvg.com<\/p>\n<p>John F. Wasmuth, AACI, P. App., P. Ag.<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 13Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mailto:jwasmuth@crvg.com<br \/>\nmailto:jeremy.wasmuth@crvg.com<br \/>\nhttp:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<\/p>\n<p>Compliance with the OEA can cause<br \/>\na change in an appraisal completed for<br \/>\nthe purpose of estimating equivalent<br \/>\nreinstatement. Estimating the market<br \/>\nvalue of a property will require the<br \/>\napplication of the relevant valuation<br \/>\nmethodologies subject to compliance with<br \/>\nCUSPAP Appraisal Standard Rule 6.2.16<br \/>\n(i.e., the cost approach and\/or the direct<br \/>\ncomparison approach and\/or the income<br \/>\napproach). As stated in CUSPAP, in the<br \/>\nappraisal report, the appraiser must:<\/p>\n<p>6.2.16 describe and apply the<br \/>\nappraisal procedures relevant to the<br \/>\nassignment and support the reason<br \/>\nfor the exclusion of any of the usual<br \/>\nvaluation procedures.<\/p>\n<p>In the case of a single-family residence<br \/>\nwith improvements that were specifically<br \/>\ndesigned for the owner and are not typical<br \/>\nin the marketplace, the market value of<br \/>\nthe property, in certain circumstances,<br \/>\nmay be estimated by calculating the <\/p>\n<p>reproduction cost new for a residence of<br \/>\nsimilar utility, rather than by applying<br \/>\nthe direct comparison approach, the<br \/>\nmost commonly used methodology when<br \/>\nvaluing residential properties.<\/p>\n<p>Equivalent reinstatement can be<br \/>\nmeasured in numerous ways, depending<br \/>\nupon the situation, with the \u201creasonable cost<br \/>\nof equivalent reinstatement\u201d definition being<br \/>\nthe measure of value. However, appraisal<br \/>\nmethodology of property in compliance<br \/>\nwith the OEA\u2019s equivalent reinstatement<br \/>\nclause can differ quite substantially from<br \/>\ntypical appraisal methodology, and may<br \/>\nattribute more (or less) value to certain<br \/>\ncharacteristics of the subject property<br \/>\nthan would usually be attributable in a<br \/>\npurely market-derived measure of market<br \/>\nvalue. The resulting difference between the<br \/>\nestimated market value according to the<br \/>\nOEA\u2019s equivalent reinstatement clause and<br \/>\nthat of market value as typically defined in<br \/>\nCUSPAP can be substantial.<\/p>\n<p>Conclusion<br \/>\nReconciliation of CUSPAP with the OEA<br \/>\noccurs by way of invoking extraordinary<br \/>\nassumptions and extraordinary limiting<br \/>\nconditions in the appraisal report.<br \/>\nCompliance to both CUSPAP and<br \/>\nOEA requires the practitioner to be<br \/>\nintimately knowledgeable of the legislative<br \/>\nrequirements and how they may affect the<br \/>\nvaluation process.<\/p>\n<p>End notes<br \/>\n1 Appraisal Institute of Canada, Canadian <\/p>\n<p>Uniform Standards of Professional<br \/>\nAppraisal Practice (2014), 3.1.1.<\/p>\n<p>2 Appraisal Institute of Canada, Canadian<br \/>\nUniform Standards of Professional<br \/>\nAppraisal Practice (2014), 6.2.4.<\/p>\n<p>3 Ibid., 7.5.1.ii.<br \/>\n4 Ibid., 6.2.20.<br \/>\n5 Appraisal Institute, The Dictionary  <\/p>\n<p>of Real Estate Appraisal, 4th ed.<br \/>\n(2002), p. 29. <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201614 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/realwired.com<br \/>\nhttp:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-English<\/p>\n<p>T<br \/>\noutes les \u00e9valuations<br \/>\neffectu\u00e9es au Canada<br \/>\npar les membres de<br \/>\nl\u2019Institut canadien des<br \/>\n\u00e9valuateurs (ICE) doivent <\/p>\n<p>se conformer aux normes de l\u2019ICE<br \/>\n\u00e9nonc\u00e9es dans les Normes uniformes<br \/>\nde pratique professionnelle en mati\u00e8re<br \/>\nd\u2019 \u00e9valuation au Canada (NUPPEC).<br \/>\nTous les membres de l\u2019ICE doivent<br \/>\nrecevoir des instructions r\u00e9guli\u00e8res quant<br \/>\n\u00e0 la conformit\u00e9 aux NUPPEC comme<br \/>\ncondition pr\u00e9alable au maintien de leur<br \/>\nd\u00e9signation et de leur statut de membre.<br \/>\nLa totalit\u00e9 des NUPPEC doit \u00eatre<br \/>\nobserv\u00e9e, ce qui comprend sans y \u00eatre<br \/>\nassujettie, la mise en garde en mati\u00e8re<br \/>\nd\u2019exception juridictionnelle. Le pr\u00e9sent<br \/>\narticle entreprend d\u2019explorer l\u2019exception<br \/>\njuridictionnelle et ses rapports avec<br \/>\nl\u2019\u00e9valuation d\u2019un bien immobilier<br \/>\nfaisant l\u2019objet d\u2019une expropriation en<br \/>\nconformit\u00e9 de la Loi sur l\u2019expropriation<br \/>\nde l\u2019Ontario (LEO) par un membre<br \/>\nde l\u2019ICE. L\u2019exception juridictionnelle<br \/>\na de profondes r\u00e9percussions sur une<br \/>\n\u00e9valuation dans le cas de terrains<br \/>\nfaisant l\u2019objet d\u2019une expropriation en<br \/>\nconformit\u00e9 de la LEO et touche plusieurs<br \/>\naspects de l\u2019\u00e9valuation. <\/p>\n<p>Les NUPPEC et<br \/>\nl\u2019exception juridictionnelle<br \/>\nLes NUPPEC ont pour objectif \u00ab de<br \/>\npromouvoir et de maintenir un haut<br \/>\nniveau de confiance de la part du<br \/>\npublic envers la pratique de l\u2019\u00e9valuation<br \/>\nprofessionnelle en \u00e9tablissant des<br \/>\nexigences relativement aux contrats<br \/>\nde services d\u2019\u00e9valuation, d\u2019examen,<br \/>\nde consultation et de planification du<br \/>\nfonds de r\u00e9serve. \u00bb1 L\u2019une des principales<br \/>\nfa\u00e7ons d\u2019y parvenir consiste \u00e0 appliquer<br \/>\nl\u2019exigence pr\u00e9alable voulant que toute <\/p>\n<p>\u00e9valuation effectu\u00e9e par un membre<br \/>\nde l\u2019ICE soit conforme \u00e0 toutes les lois<br \/>\net politiques publiques pertinentes<br \/>\nr\u00e9gissant le bien immobilier faisant<br \/>\nl\u2019objet de l\u2019\u00e9valuation et au but du<br \/>\ncontrat de service. Cependant, il arrive<br \/>\nparfois que les d\u00e9finitions, r\u00e8gles et<br \/>\ncommentaires pertinents des NUPPEC<br \/>\napplicables \u00e0 l\u2019\u00e9valuation sont en<br \/>\ncontradiction de la l\u00e9gislation. En pareil<br \/>\ncas, la r\u00e8gle d\u2019exception juridictionnelle<br \/>\ndes NUPPEC entre en jeu, accordant<br \/>\nla priorit\u00e9 \u00e0 la l\u00e9gislation  pertinente <\/p>\n<p>par rapport aux d\u00e9finitions, r\u00e8gles et<br \/>\ncommentaires pertinents des NUPPEC.<\/p>\n<p>Il convient de noter la section 3.6 des<br \/>\nNUPPEC 2014 :<\/p>\n<p>3.6 Exception juridictionnelle<br \/>\n3.6.1 Condition d\u2019un contrat de service <\/p>\n<p>qui annule une ou plusieurs parties<br \/>\ndes Normes uniformes de pratique<br \/>\nprofessionnelle en mati\u00e8re d\u2019 \u00e9valuation<br \/>\nau Canada (NUPPEC) lorsque la<br \/>\nconformit\u00e9 serait contraire \u00e0 la loi ou<br \/>\naux politiques publiques applicables<br \/>\nau contrat de service. <\/p>\n<p>PAR LISA CAMPBELL, B.A., AACI, P.APP, CAMPBELL &#038; COMPANY APPRAISALS INC., ST. CATHARINES, EN ONTARIO<\/p>\n<p>Les NUPPEC, la Loi sur l\u2019expropriation de<br \/>\nl\u2019Ontario et l\u2019exception juridictionnelle<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 15Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-French<\/p>\n<p>3.6.2 La question de juridiction est li\u00e9e \u00e0<br \/>\nla base juridique permettant de l\u00e9gif\u00e9rer,<br \/>\nd\u2019appliquer ou d\u2019interpr\u00e9ter les lois<br \/>\nf\u00e9d\u00e9rales, provinciales ou municipales.<br \/>\nIl serait trompeur de ne pas signaler<br \/>\nla(les) partie(s) des NUPPEC faisant<br \/>\nl\u2019objet d\u2019une exception juridictionnelle<br \/>\net la base juridique sur laquelle cette<br \/>\nexception repose. <\/p>\n<p>3.6.3 Dans chaque cas, il incombe \u00e0<br \/>\nl\u2019\u00e9valuateur et non au client ou \u00e0 tout<br \/>\nautre utilisateur pr\u00e9vu de d\u00e9terminer<br \/>\nsi l\u2019utilisation d\u2019une exception<br \/>\njuridictionnelle est appropri\u00e9e. Il est<br \/>\ncontraire \u00e0 l\u2019\u00e9thique pour un membre<br \/>\nde compl\u00e9ter un travail qui ne peut \u00eatre<br \/>\nappuy\u00e9 par un \u00e9valuateur raisonnable.<\/p>\n<p>Dans chaque cas o\u00f9 on invoque une<br \/>\nexception juridictionnelle dans un rapport<br \/>\nd\u2019\u00e9valuation, on doit appliquer une<br \/>\nhypoth\u00e8se extraordinaire et une condition<br \/>\nlimitative exceptionnelle.<\/p>\n<p>7.11 Hypoth\u00e8ses<br \/>\net conditions limitatives<\/p>\n<p>7.11.2 : Une hypoth\u00e8se extraordinaire<br \/>\nest une hypoth\u00e8se \u2013 soit suppos\u00e9e<br \/>\nou non confirm\u00e9e \u2013 qui, si elle<br \/>\ns\u2019av\u00e8re non fond\u00e9e, pourrait modifier<br \/>\nles opinions et les conclusions de<br \/>\nl\u2019\u00e9valuateur. Une divulgation compl\u00e8te<br \/>\nde toute hypoth\u00e8se extraordinaire<br \/>\ndoit accompagner chaque \u00e9nonc\u00e9<br \/>\nd\u2019opinion ou de conclusion touch\u00e9e<br \/>\npar cette hypoth\u00e8se (voir \u00e9galement<br \/>\n\u00ab Conditions hypoth\u00e9tiques \u00bb). <\/p>\n<p>7.11.3 : Une condition limitative<br \/>\nexceptionnelle est une modification<br \/>\nou une d\u00e9rogation n\u00e9cessaire \u00e0 une<br \/>\nr\u00e8gle. Il incombe \u00e0 l\u2019\u00e9valuateur<br \/>\nd\u2019expliquer et de justifier cette<br \/>\nn\u00e9cessit\u00e9 dans son rapport et de<br \/>\ns\u2019assurer, avant d\u2019accepter un<br \/>\ncontrat de service et d\u2019invoquer une<br \/>\ncondition limitative exceptionnelle,<br \/>\nque la port\u00e9e de cette condition sur<br \/>\nles travaux permettra d\u2019\u00e9laborer des<br \/>\nopinions et des conclusions cr\u00e9dibles. <\/p>\n<p>7.12 : Conditions hypoth\u00e9tiques<br \/>\n7.12.1 : Les conditions hypoth\u00e9tiques <\/p>\n<p>peuvent \u00eatre utilis\u00e9es au besoin \u00e0 des<br \/>\nfins juridiques, \u00e0 des fins d\u2019analyse <\/p>\n<p>raisonnable ou pour permettre<br \/>\nd\u2019effectuer des comparaisons. \u2026<\/p>\n<p>7.12.2 : Pour chaque condition<br \/>\nhypoth\u00e9tique, le rapport doit contenir<br \/>\nune hypoth\u00e8se extraordinaire.<\/p>\n<p>7.12.4 : Les \u00e9valuations r\u00e9alis\u00e9es \u00e0<br \/>\ndes fins d\u2019expropriation peuvent<br \/>\ncomprendre des conditions<br \/>\nhypoth\u00e9tiques et peuvent exiger que<br \/>\nl\u2019\u00e9valuateur invoque une exception<br \/>\njuridictionnelle.<\/p>\n<p>7.12.5 : La condition hypoth\u00e9tique<br \/>\ndoit \u00eatre clairement divulgu\u00e9e<br \/>\ndans le rapport, cette divulgation<br \/>\ncomprenant une description de<br \/>\nl\u2019hypoth\u00e8se, les raisons de son<br \/>\nutilisation et ses r\u00e9percussions sur le<br \/>\nr\u00e9sultat du contrat de service.<\/p>\n<p>7.12.6 : Une analyse fond\u00e9e sur une<br \/>\ncondition hypoth\u00e9tique ne doit<br \/>\npas rendre le rapport d\u2019\u00e9valuation<br \/>\ntrompeur.<\/p>\n<p>Diverses lois sont en place en Ontario<br \/>\npour permettre l\u2019expropriation de<br \/>\nterrains. Le pr\u00e9sent article aborde plus<br \/>\nsp\u00e9cifiquement l\u2019incidence que peut<br \/>\navoir une exception juridictionnelle<br \/>\nsur les divers composants d\u2019un rapport<br \/>\nd\u2019\u00e9valuation visant \u00e0 assurer la conformit\u00e9<br \/>\naux NUPPEC et \u00e0 la LEO.<\/p>\n<p>Les NUPPEC et la LEO<br \/>\nIgnorer le parti architectural<br \/>\nLe terme \u00ab parti architectural \u00bb<br \/>\nutilis\u00e9 dans cet article se r\u00e9f\u00e8re aux <\/p>\n<p>am\u00e9liorations pr\u00e9vues qui n\u00e9cessitent<br \/>\nl\u2019expropriation des terrains en objet.<br \/>\nLes sections 14(4) et14(5) de la LEO<br \/>\nd\u00e9signant le parti architectural<br \/>\ncomme \u00ab l\u2019exploitation \u00bb. <\/p>\n<p>Les NUPPEC stipulent que, dans<br \/>\nune \u00e9valuation, l\u2019\u00e9valuateur doit \u00ab<br \/>\npr\u00e9ciser l\u2019envergure des travaux requis<br \/>\npour r\u00e9aliser le contrat de service. \u00bb2<br \/>\nCeci inclut \u00ab la recherche des diff\u00e9rents<br \/>\nfacteurs physiques et \u00e9conomiques qui<br \/>\npourraient avoir une incidence sur le<br \/>\nbien immobilier. \u00bb3 De plus, les NUPPEC<br \/>\naffirment que l\u2019\u00e9valuateur doit \u00ab analyser<br \/>\nl\u2019effet sur la valeur des am\u00e9liorations<br \/>\npr\u00e9vues par l\u2019\u00c9tat ou par des particuliers. \u00bb4 <\/p>\n<p>Cependant, quand une \u00e9valuation est<br \/>\neffectu\u00e9e aux fins d\u2019une expropriation<br \/>\nen vertu de la LEO, la section 14.4 de<br \/>\nla LEO pr\u00e9vaut, tel que pr\u00e9vu dans les<br \/>\ndispositions suivantes :<\/p>\n<p>Pour fixer la valeur marchande d\u2019un<br \/>\nbien-fonds, il n\u2019est pas tenu compte des<br \/>\n\u00e9l\u00e9ments suivants :<br \/>\n(a) l\u2019utilisation particuli\u00e8re \u00e0 laquelle <\/p>\n<p>l\u2019autorit\u00e9 expropriante destine le<br \/>\nbien-fonds;<\/p>\n<p>(b) l\u2019augmentation ou la diminution<br \/>\nde la valeur du bien-fonds r\u00e9sultant<br \/>\nde l\u2019exploitation ou de l\u2019imminence<br \/>\nde l\u2019exploitation en vue de laquelle<br \/>\nl\u2019expropriation a lieu, ou d\u2019une<br \/>\nexpropriation ou de la perspective<br \/>\nimminente d\u2019expropriation;<\/p>\n<p>(c) l\u2019augmentation de la valeur du bien-<br \/>\nfonds r\u00e9sultant de l\u2019affectation de<br \/>\ncelui-ci \u00e0 une utilisation qui pourrait<br \/>\n\u00eatre interdite par un tribunal, qui<br \/>\ncontrevient \u00e0 la loi ou qui porte<br \/>\npr\u00e9judice \u00e0 la sant\u00e9 des occupants du<br \/>\nbien-fonds ou \u00e0 la sant\u00e9 publique.<br \/>\nL.R.O. 1990, chap. E.26, par. 14 (4).<\/p>\n<p>Par cons\u00e9quent, dans le cas d\u2019un rapport<br \/>\nd\u2019\u00e9valuation r\u00e9dig\u00e9 en conformit\u00e9 de<br \/>\nla LEO, le parti architectural doit \u00eatre<br \/>\nexclu du processus d\u2019\u00e9valuation. Ainsi,<br \/>\nun composant des facteurs physiques et<br \/>\n\u00e9conomiques qui pourrait affecter le bien-<br \/>\nfonds, \u00e0 savoir une am\u00e9lioration publique<br \/>\npr\u00e9vue, n\u2019est pas prise en consid\u00e9ration<br \/>\ndans l\u2019\u00e9valuation.<\/p>\n<p>\u00ab L\u2019exception<br \/>\njuridictionnelle a de <\/p>\n<p>profondes r\u00e9percussions<br \/>\nsur une \u00e9valuation <\/p>\n<p>dans le cas de terrains<br \/>\nfaisant l\u2019objet d\u2019une <\/p>\n<p>expropriation en<br \/>\nconformit\u00e9 de la LEO et <\/p>\n<p>touche plusieurs aspects<br \/>\nde l\u2019\u00e9valuation. \u00bb<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201616 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-French<\/p>\n<p>Les NUPPEC, la Loi sur l\u2019expropriation de l\u2019Ontario<br \/>\net l\u2019exception juridictionnelle<\/p>\n<p>Am\u00e9lioration<br \/>\nL\u2019am\u00e9lioration se d\u00e9finit, dans The<br \/>\nDictionary of Real Estate Appraisal,<br \/>\ncomme : \u00ab des am\u00e9liorations<br \/>\nconsid\u00e9rables \u00e0 un bien immobilier<br \/>\nrepr\u00e9sentant des d\u00e9penses<br \/>\nd\u2019immobilisations qui constituent<br \/>\nplus que de simples r\u00e9parations. \u00bb<br \/>\n(traduction)5 Dans le cas de terrains<br \/>\nexpropri\u00e9s en Ontario, on entend<br \/>\ng\u00e9n\u00e9ralement par am\u00e9lioration une<br \/>\naugmentation substantielle de la<br \/>\nvaleur marchande des terrains restants<br \/>\napr\u00e8s le retrait des terrains requis de<br \/>\nla propri\u00e9t\u00e9 en objet, par suite de la<br \/>\nconstruction et de l\u2019utilisation du parti<br \/>\narchitectural. Dans une \u00e9valuation<br \/>\ncaract\u00e9ristique, l\u2019am\u00e9lioration r\u00e9sultant<br \/>\ndu parti architectural doit \u00eatre prise<br \/>\nen consid\u00e9ration dans l\u2019\u00e9valuation<br \/>\ndes terrains restants  de mani\u00e8re \u00e0 ce<br \/>\nque l\u2019\u00e9valuation soit conforme aux<br \/>\nNUPPEC et plus sp\u00e9cifiquement avec<br \/>\nles r\u00e8gles 6.2.4 et 6.2.20 de la Norme<br \/>\nrelative aux activit\u00e9s d\u2019\u00e9valuation et<br \/>\navec le commentaire 7.5.1.ii de la Norme<br \/>\nrelative aux activit\u00e9s d\u2019\u00e9valuation qui<br \/>\nfait r\u00e9f\u00e9rence \u00e0 l\u2019envergure des travaux<br \/>\net \u00e0 l\u2019analyse de l\u2019effet sur la valeur<br \/>\ndes am\u00e9liorations publiques ou priv\u00e9es<br \/>\npr\u00e9vues (voir la sous-section \u00ab Ignorer le<br \/>\nparti architectural \u00bb du pr\u00e9sent article).<br \/>\nCependant, quand une \u00e9valuation est<br \/>\neffectu\u00e9e \u00e0 des fins d\u2019expropriation en<br \/>\nvertu de la LEO, la section 23 de cette loi<br \/>\na pr\u00e9s\u00e9ance, tel qu\u2019indiqu\u00e9 ci-dessous :<\/p>\n<p>23. Le montant de la plus-value<br \/>\ndont b\u00e9n\u00e9ficie le bien-fonds ou la<br \/>\npartie restante du bien-fonds d\u2019un<br \/>\npropri\u00e9taire par suite des travaux<br \/>\nen vue desquels ce bien-fonds a \u00e9t\u00e9<br \/>\nexpropri\u00e9 ou qui lui ont caus\u00e9 un<br \/>\neffet pr\u00e9judiciable, n\u2019est d\u00e9duit que<br \/>\ndu montant des dommages-int\u00e9r\u00eats<br \/>\nallou\u00e9s pour effet pr\u00e9judiciable \u00e0<br \/>\nl\u2019\u00e9gard du bien-fonds ou de la partie<br \/>\nrestante du bien-fonds du propri\u00e9taire.<br \/>\nL.R.O. 1990, chap. E.26, art. 23.<\/p>\n<p>Autrement dit, m\u00eame si l\u2019am\u00e9lioration de<br \/>\nla partie restante du bien-fonds apr\u00e8s la<br \/>\nr\u00e9alisation du parti architectural puisse <\/p>\n<p>\u00eatre consid\u00e9rable, sa valeur peut \u00eatre<br \/>\nprise  en compte seulement dans la<br \/>\nmesure o\u00f9 elle compense pour les<br \/>\ndommages-int\u00e9r\u00eats allou\u00e9s pour effet<br \/>\npr\u00e9judiciable sur la partie restante<br \/>\nes terrains r\u00e9sultant de la prise des<br \/>\nterrains n\u00e9cessaires.<\/p>\n<p>R\u00e9installation \u00e9quivalente<br \/>\nQuand des terrains sont expropri\u00e9s, le<br \/>\npropri\u00e9taire des terrains vis\u00e9s peut avoir<br \/>\ndroit \u00e0 ce qu\u2019on appelle une \u00ab r\u00e9installation<br \/>\n\u00e9quivalente \u00bb dans le passage suivant<br \/>\nde la LEO :<\/p>\n<p>(2) Si le bien-fonds expropri\u00e9 est utilis\u00e9<br \/>\n\u00e0 une fin d\u2019une nature telle qu\u2019il n\u2019existe<br \/>\nni demande g\u00e9n\u00e9rale ni march\u00e9 g\u00e9n\u00e9ral<br \/>\npour le bien-fonds \u00e0 cette fin et que le<br \/>\npropri\u00e9taire a r\u00e9ellement l\u2019intention<br \/>\nde se r\u00e9installer dans des immeubles<br \/>\nsemblables, la valeur marchande du<br \/>\nbien-fonds est r\u00e9put\u00e9e correspondre<br \/>\naux frais raisonnables qu\u2019entra\u00eene une<br \/>\nr\u00e9installation \u00e9quivalente. L.R.O. 1990,<br \/>\nchap. E.26, par. 14 (2).<\/p>\n<p>L\u2019obligation de se conformer \u00e0 la LEO<br \/>\npeut entra\u00eener un changement dans<br \/>\nune \u00e9valuation effectu\u00e9e dans le but<br \/>\nd\u2019estimer une r\u00e9installation \u00e9quivalente.<br \/>\nL\u2019estimation de la valeur marchande<br \/>\nd\u2019une propri\u00e9t\u00e9 exige l\u2019application des<br \/>\nm\u00e9thodes d\u2019\u00e9valuation pertinentes<br \/>\nen conformit\u00e9 de la r\u00e8gle 6.2.16 de la<br \/>\nNorme relative aux activit\u00e9s d\u2019\u00e9valuation<br \/>\n(c\u2019est-\u00e0-dire la m\u00e9thode du co\u00fbt et(ou) la<br \/>\nm\u00e9thode de comparaison directe et(ou)<br \/>\nla m\u00e9thode du revenu). Tel que pr\u00e9vu<br \/>\ndans les NUPPEC, dans son rapport<br \/>\nd\u2019\u00e9valuation, l\u2019\u00e9valuateur doit :<\/p>\n<p>6.2.16 d\u00e9crire et utiliser les proc\u00e9dures<br \/>\nd\u2019\u00e9valuation pertinentes au contrat<br \/>\nde service, en plus d\u2019expliquer et<br \/>\njustifier l\u2019exclusion de toute m\u00e9thode<br \/>\nd\u2019\u00e9valuation habituelle.<\/p>\n<p>Dans le cas d\u2019une maison unifamiliale<br \/>\navec am\u00e9liorations con\u00e7ues sp\u00e9cifiquement<br \/>\npour le propri\u00e9taire et qui ne sont pas<br \/>\ncommunes sur le march\u00e9, la valeur<br \/>\nmarchande de la propri\u00e9t\u00e9 peut, dans<br \/>\ncertaines circonstances, \u00eatre estim\u00e9e en<br \/>\ncalculant le co\u00fbt de reproduction \u00e0 neuf <\/p>\n<p>d\u2019une r\u00e9sidence \u00e0 utilisation semblable<br \/>\nplut\u00f4t qu\u2019en appliquant la m\u00e9thode de<br \/>\ncomparaison directe, la m\u00e9thode la plus<br \/>\nfr\u00e9quemment utilis\u00e9es en \u00e9valuation de<br \/>\npropri\u00e9t\u00e9s r\u00e9sidentielles.<\/p>\n<p>On peut mesurer la r\u00e9installation<br \/>\n\u00e9quivalente de plusieurs fa\u00e7ons,<br \/>\nselon la situation, la d\u00e9finition des<br \/>\n\u00ab frais raisonnables de r\u00e9installation<br \/>\n\u00e9quivalente \u00bb  \u00e9tant la mesure de la valeur.<br \/>\nCependant, la m\u00e9thode d\u2019\u00e9valuation<br \/>\nd\u2019une propri\u00e9t\u00e9 en conformit\u00e9 de la<br \/>\nclause de r\u00e9installation \u00e9quivalente de<br \/>\nla LEO peut diff\u00e9rer consid\u00e9rablement<br \/>\nde la m\u00e9thode d\u2019\u00e9valuation ordinaire<br \/>\net peut attribuer plus (ou moins) de<br \/>\nvaleur \u00e0 certaines caract\u00e9ristiques de<br \/>\nla propri\u00e9t\u00e9 en objet que ce qui serait<br \/>\nattribuable dans une mesure de la valeur<br \/>\nmarchande purement d\u00e9riv\u00e9e du march\u00e9.<br \/>\nLa diff\u00e9rence r\u00e9sultante entre la valeur<br \/>\nmarchande estim\u00e9e selon la clause de<br \/>\nr\u00e9installation \u00e9quivalente de la LEO et la<br \/>\nvaleur marchande estim\u00e9e d\u00e9finie dans<br \/>\nles NUPPEC peut \u00eatre consid\u00e9rable.<\/p>\n<p>Conclusion<br \/>\nLe rapprochement des NUPPEC et de la<br \/>\nLEO se fait en invoquant des hypoth\u00e8ses<br \/>\nextraordinaires et des conditions<br \/>\nlimitatives exceptionnelles dans le rapport<br \/>\nd\u2019\u00e9valuation. La conformit\u00e9 aux NUPPEC<br \/>\net \u00e0 la LEO exige du praticien des<br \/>\nconnaissances approfondies des exigences<br \/>\npr\u00e9vues par la loi et de leurs r\u00e9percussions<br \/>\nsur le processus d\u2019\u00e9valuation.<\/p>\n<p>Renvois<br \/>\n1 Institut canadien des \u00e9valuateurs, <\/p>\n<p>Normes uniformes de pratique<br \/>\nprofessionnelle en mati\u00e8re d\u2019 \u00e9valuation<br \/>\nau Canada (2014), 3.1.1.<\/p>\n<p>2 Institut canadien des \u00e9valuateurs,<br \/>\nNormes uniformes de pratique<br \/>\nprofessionnelle en mati\u00e8re d\u2019 \u00e9valuation<br \/>\nau Canada (2014), 6.2.4.<\/p>\n<p>3 Ibid., 7.5.1.ii.<br \/>\n4 Ibid., 6.2.20.<br \/>\n5 Appraisal Institute, The Dictionary  <\/p>\n<p>of Real Estate Appraisal, 4th ed.<br \/>\n(2002), p. 29. <\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 17Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/CUSPAP-Expropriation-French<\/p>\n<p>E<br \/>\nngaging individuals,<br \/>\nproperty owners and<br \/>\ncommunities in generating<br \/>\nclean energy to sell to<br \/>\nthe grid is a win-win<br \/>\nfor everyone. Cleaner<br \/>\nenergy, contributing to <\/p>\n<p>the greenness of the planet and getting paid<br \/>\nto do it \u2013 it does not get much better than<br \/>\nthis. Drawing from the microFIT and<br \/>\nFIT programs in Ontario, this two-part<br \/>\narticle discusses the program participants\u2019<br \/>\nobligations, how solar panel improvements<br \/>\nunder the program are financed and<br \/>\nassessed, and the challenges in valuing long-<br \/>\nterm photovoltaic (PV)\/solar contracts on<br \/>\nresidential and non-residential properties.<\/p>\n<p>NOTE: Part I of this article, which<br \/>\ndiscussed the participant\u2019s obligations as well <\/p>\n<p>By Nathalie Roy-Patenaude, AACI, P.App<br \/>\nDirector-Counsellor,<br \/>\nProfessional Practice<\/p>\n<p>as how solar panel improvements under the<br \/>\nprogram are financed and assessed, appeared<br \/>\nin Canadian Property Valuation, Volume<br \/>\n60, Book 1, published in March of 2016. It<br \/>\ncan also be viewed on the Appraisal Institute<br \/>\nof Canada\u2019s Online Library at http:\/\/www.<br \/>\naicanada.ca\/article\/Valuing-Solar-Energy-<br \/>\nPart1-English  <\/p>\n<p>Part 2 in this issue deals with how these<br \/>\nsystems are valued and what the practitioner\u2019s<br \/>\nobligations are under CUSPAP.<\/p>\n<p>How they are valued<br \/>\nand the practitioner\u2019s<br \/>\nobligations under CUSPAP<br \/>\nIs it a scope issue or a scope opportunity?<br \/>\nThe first question that gets asked is<br \/>\nwhether this type of assignment is within<br \/>\nthe scope of the CRA designation or <\/p>\n<p>if it must be cosigned by an AACI.<br \/>\nSolar systems are income-producing<br \/>\nimprovements that can be mounted<br \/>\non both residential and non-residential<br \/>\nproperties. For any residential property<br \/>\nthat falls within the scope of the CRA<br \/>\ndesignation of up to four dwellings units<br \/>\nor residential land for development,<br \/>\na CRA-designated member can sign<br \/>\nthe report without a co-signature. Any<br \/>\nproperty beyond this scope requires the<br \/>\nco-signature of an AACI. <\/p>\n<p>The solar system generates an income<br \/>\nstream over a period of 20 years.<br \/>\nBecause the income stream will vary and<br \/>\ndecrease over the life expectancy of the<br \/>\npanels, the discounted cash flow (DCF)<br \/>\nmethodology must be applied. The DCF<br \/>\nis not a commonly applied methodology <\/p>\n<p>Valuing<br \/>\nSOLAR ENERGY <\/p>\n<p>PART 2<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201618 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part1-English<br \/>\nhttp:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<\/p>\n<p>for those whose practice focuses largely<br \/>\non residential properties, but that does<br \/>\nnot mean it cannot be learned.<\/p>\n<p>As with any assignment, Ethics<br \/>\nStandard Rule 4.2.7 1 reminds us that it<br \/>\nis unethical for a member to undertake<br \/>\nan assignment lacking the necessary<br \/>\ncompetence. Competence can be<br \/>\ngained through knowledge, skills and\/<br \/>\nor experience. Practitioners will want<br \/>\nto align themselves with subject matter<br \/>\nexperts, peers and industry professionals,<br \/>\nand research the program to understand<br \/>\nits intricacies and complexities. <\/p>\n<p>CUSPAP requires the practitioner<br \/>\nto provide a definition of value. Market<br \/>\nvalue is the most probable price that a<br \/>\nproperty should bring in a competitive<br \/>\nand open market as of the specified<br \/>\ndate under all conditions requisite to a<br \/>\nfair sale, with the buyer and seller each<br \/>\nacting prudently and knowledgeably,<br \/>\nand assuming the price is not affected<br \/>\nby undue stimulus. Implicit in this<br \/>\ndefinition and concepts with which we<br \/>\nare all familiar are the consummation<br \/>\nof a sale as of the specified date and the<br \/>\npassing of title from seller to buyer under<br \/>\nconditions whereby: <\/p>\n<p>\u2022 buyer and seller are typically<br \/>\nmotivated; <\/p>\n<p>\u2022 both parties are well informed or<br \/>\nwell advised, and acting in what<br \/>\nthey consider to be their best<br \/>\ninterests; <\/p>\n<p>\u2022 a reasonable time is allowed for<br \/>\nexposure in the open market; <\/p>\n<p>\u2022 payment is made in terms of cash<br \/>\nin Canadian dollars or in terms of<br \/>\nfinancial arrangements comparable<br \/>\nthereto; and <\/p>\n<p>\u2022 the price represents the normal<br \/>\nconsideration for the property sold,<br \/>\nunaffected by special or creative<br \/>\nfinancing or sales concessions granted<br \/>\nby anyone associated with the sale. <\/p>\n<p>Simple enough. A definition that is near<br \/>\nand dear, but we need to understand<br \/>\nits implications. Through the literature<br \/>\nreview, I came across an article that had<br \/>\na specific focus on the second bullet<br \/>\nand brought an interesting perspective.<br \/>\nAs I interviewed program participants,<br \/>\na common theme emerged: they are<br \/>\nwell researched and well versed on the<br \/>\nprogram, products and anticipated return<br \/>\non their investment. This is where the <\/p>\n<p>need for competence becomes important;<br \/>\nthe practitioner must ensure that he or<br \/>\nshe knows as much if not more about<br \/>\nthe program and product than the<br \/>\nparticipants themselves. \u2018Don\u2019t know\u2019<br \/>\nor \u2018don\u2019t know how\u2019 does not equal $0<br \/>\ncontributory value. <\/p>\n<p>Scope of work<br \/>\nIntrinsic to this assignment is the<br \/>\nidentification and definition of scope<br \/>\nof work. It is important to explain to<br \/>\nthe reader whether or not the income-<br \/>\nproducing solar component of the<br \/>\nproperty is included or excluded in the<br \/>\nvalue conclusion and, if excluded, a<br \/>\nrationale should be provided. Depending<br \/>\non when the system was installed, if the<br \/>\nassignment is retrospective, the effective<br \/>\ndate of the assignment could pre-date the<br \/>\nsystem, which would require its exclusion. <\/p>\n<p>Regardless of whether the property<br \/>\nis residential or non-residential, the<br \/>\npractitioner may encounter different<br \/>\nscenarios\/client requests such as: market<br \/>\nvalue with a system, market value without<br \/>\na system (i.e., property with existing<br \/>\nsystem: \u2018as is\u2019 with system, \u2018as if system is<br \/>\nexcluded\u2019; property without a system: \u2018as<br \/>\nis without system\u2019, \u2018as if system is included<br \/>\nor installed\u2019). Members are reminded<br \/>\nthat \u2018as if \u2019 scenarios require hypothetical<br \/>\nconditions and extraordinary assumptions. <\/p>\n<p>Land use controls<br \/>\nFundamental to highest and best use<br \/>\nanalyses is the requirement to identify<br \/>\nand define land use controls as they<br \/>\nmay favor or hinder the addition of<br \/>\nPV improvements to a property (i.e.,<br \/>\ncurrent zoning designations and possible<br \/>\nrequirements for changes in classifications<br \/>\nfor solar improvements, permitted uses,<br \/>\nset-back requirements). <\/p>\n<p>The following Appraisal Standard<br \/>\nRules (ASR) and their relevant<br \/>\nComments should be well applied to<br \/>\nensure that the reader\/intended user<br \/>\nhas sufficient information to, under the<br \/>\nanalyses, opinions and conclusions: <\/p>\n<p>\u2022 ASR 6.2.15: describe and analyze<br \/>\nall data relevant to the assignment;<\/p>\n<p>\u2022 ASR 6.2.16: describe and apply the<br \/>\nappraisal procedures relevant to the<br \/>\nassignment and support the reason<br \/>\nfor the exclusion of any of the usual<br \/>\nvaluation procedures;<\/p>\n<p>\u2022 ASR 6.2.17: detail the reasoning<br \/>\nsupporting the analyses, opinions and<br \/>\nconclusions of each valuation approach;<\/p>\n<p>\u2022 ASR 6.2.18: analyze the effect on<br \/>\nvalue, if any, of the terms and<br \/>\nconditions of the lease(s) when<br \/>\ndeveloping an opinion of the value of<br \/>\na leased fee or a leasehold estate; and<\/p>\n<p>\u2022 ASR 6.2.23: review and reconcile<br \/>\nthe data, analyses and conclusions<br \/>\nof each valuation approach into a<br \/>\nfinal value estimate. <\/p>\n<p>Developing the DCF<br \/>\nFundamental to this type of assignment<br \/>\nare the requirements to: <\/p>\n<p>\u2022 understand the market for the<br \/>\nproperty type under review to<br \/>\nunderstand the level of market<br \/>\nacceptance (or lack thereof);<\/p>\n<p>\u2022 read and understand the contract<br \/>\n(and that is not only for the<br \/>\nmicroFIT or FIT programs);<\/p>\n<p>\u2022 understand how PV systems are<br \/>\nassessed and financed to determine<br \/>\nwhat, if any, adjustments are<br \/>\nrequired in the analysis; <\/p>\n<p>\u2022 understand and define the technical<br \/>\nlanguage of PV systems as it pertains<br \/>\nto the analysis; and <\/p>\n<p>\u2022 fully scope out the assumptions and<br \/>\nany limiting conditions. <\/p>\n<p>The following are key terms that must<br \/>\nbe considered as part of developing the<br \/>\noperating expense stream over the 20-year<br \/>\ncontract period. The practitioner will<br \/>\nwant to consider the valuation literacy of<br \/>\nthe reader\/intended user, as this can be<br \/>\nmore technical than a typical appraisal<br \/>\nassignment; having a glossary of terms in the<br \/>\nreport would be a recommended practice. <\/p>\n<p>\u2022 Generation fee: fee charged by the<br \/>\nutility company to run the system from<br \/>\nthe separate meter through the grid.<\/p>\n<p>\u2022 Derate factor: the loss resulting from<br \/>\nthe conversion process of capturing<br \/>\nthe solar energy to converting into<br \/>\nelectricity. Losses increase as panels age<br \/>\nand lose their utility (i.e., 0.5-1%\/year);<br \/>\ndata and trends can be obtained from<br \/>\nutility companies.<\/p>\n<p>\u2022 Degradation factor: the annual<br \/>\nloss in power output\/depreciation<br \/>\nrate of the solar system over its life<br \/>\nexpectancy (i.e. 0.5%-1% per year);<br \/>\ndata and trends can be obtained<br \/>\nfrom solar professionals\/dealers. <\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 19Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<\/p>\n<p>Defining the<br \/>\nknowns and unknowns<br \/>\nKnown: <\/p>\n<p>\u2022 Initial\/installation cost<br \/>\n\u2022 No value at reversion (i.e., no resale <\/p>\n<p>value)<br \/>\n\u2022 Timing of cash flow is monthly and <\/p>\n<p>over a determined period of time<br \/>\n(i.e., 20-year contract)<\/p>\n<p>\u2022 Fixed contract rate for the duration<br \/>\nof the contract<\/p>\n<p>\u2022 Historical solar production of the<br \/>\nsystem if existing (i.e., utility bills<br \/>\nfrom owner, solar suppliers)<\/p>\n<p>\u2022 The sun comes up every day.<br \/>\nEven if it is not always bright and<br \/>\nsunny there is always solar activity.<br \/>\nPhotovoltaic Potential and Solar<br \/>\nResource Maps of Canada from<br \/>\nNatural Resources Canada can be<br \/>\nreferenced to estimate the solar<br \/>\nactivity in cities across the country. <\/p>\n<p>Unknown:<br \/>\n\u2022 The capacity\/production of the <\/p>\n<p>system if new; requires industry\/<br \/>\nmarket data analysis (i.e., from solar<br \/>\nsuppliers, solar maps from Natural<br \/>\nResources Canada)<\/p>\n<p>At the core of this type of assignment is<br \/>\nthe need to nail down the assumptions<br \/>\nand any limiting conditions as this will <\/p>\n<p>assist in defining the income stream<br \/>\nand operating expenses over the 20-year<br \/>\ncontract period. Here are some of the key<br \/>\nassumptions and definitions to consider: <\/p>\n<p>\u2022 The 20-year government-backed<br \/>\ncontract (with Independent<br \/>\nElectricity System Operation or<br \/>\ncontract firm) will remain in place.<\/p>\n<p>\u2022 Life expectancy of the panels is 20<br \/>\nyears (or per industry) and, at the<br \/>\nend of the 20 years, a new agreement<br \/>\nwill be required or the system will be<br \/>\nremoved, therefore, no residual value<br \/>\nat the reversion. <\/p>\n<p>\u2022 Derate factor: loss due to conversion<br \/>\nwill be X% per year<\/p>\n<p>\u2022 Degradation factor: loss is production<br \/>\ncapacity will be X% per year<\/p>\n<p>\u2022 Fixed costs will increase by X% per<br \/>\nyear (i.e., generation fee, insurance,<br \/>\nmaintenance (based on benchmark<br \/>\nindices or market data))<\/p>\n<p>\u2022 Property insurance will be in place<br \/>\nfor 20 years <\/p>\n<p>Resolving the valuation<br \/>\nproblem: developing<br \/>\nthe discounted cash flow<br \/>\nEstimate the gross potential annual<br \/>\nincome over 20 years (life of the contract)<\/p>\n<p>Less:<br \/>\npower outage<\/p>\n<p>Are certain assumptions<br \/>\nrequired?<\/p>\n<p>Effective gross income (EGI)<\/p>\n<p>Annual operating expenses: <\/p>\n<p>Year 1 initial installation cost<br \/>\nSubsequent<br \/>\nyears<\/p>\n<p>may have capital<br \/>\nexpenses (CCA) that<br \/>\ncan be deducted<\/p>\n<p>Generation fee charged by the utility<br \/>\ncompany<\/p>\n<p>Derate factor typically 0.5%-1%<br \/>\nper year<\/p>\n<p>Degradation<br \/>\nfactor<\/p>\n<p>typically 0.5%-1%<br \/>\nper year<\/p>\n<p>Insurance inflation index<br \/>\nMaintenance % of EGI, may vary <\/p>\n<p>over time at key<br \/>\nmilestones of life<br \/>\nof asset (i.e., roof<br \/>\nreplacement if shingled)<\/p>\n<p>Capital expenses, land lease costs, other<br \/>\nTotal expenses<\/p>\n<p>Net cash flow before debt service<\/p>\n<p>Valuation methodologies<br \/>\nand extracting a discount rate<br \/>\nDirect comparison approach<br \/>\nWhile this is the most common<br \/>\nmethodology for residential properties,<br \/>\nthe lack of data (resales, paired sales<br \/>\nof similar properties with PV systems,<br \/>\ndemonstrated purchaser behaviour<br \/>\nand market acceptance for existing PV<br \/>\nsystems) is the biggest challenge.  <\/p>\n<p>This is also common to all property<br \/>\ntypes. While the program has been in<br \/>\nplace since 2009, from a transactional<br \/>\nperspective, market data in Ontario<br \/>\nremains limited, and, in some markets,<br \/>\nnon-existent.  <\/p>\n<p>The direct comparison approach,<br \/>\napplied on its own, is not considered<br \/>\nas the most reliable unless there is<br \/>\nstrong market data. <\/p>\n<p>Cost approach<br \/>\nThis methodology is an important<br \/>\nconsideration with owned projects<br \/>\nand is most relevant when the PV<br \/>\nsystem is new, since it recognizes the<br \/>\nun-depreciated up-front cost of the<br \/>\nsystem. The replacement costs are<br \/>\nfairly uniform. External obsolescence<br \/>\nis difficult to estimate and, as noted,<br \/>\nthe panels depreciate quickly in the<br \/>\nfirst 10 years.<\/p>\n<p>Income approach<br \/>\nThis approach plays an important<br \/>\nrole, given the fixed contract in place<br \/>\nand the income stream. Extracting<br \/>\na discount rate is a challenge where<br \/>\nminimal market data is available.<br \/>\nOn the one side, discount rates can<br \/>\nbe competitive in light of the<br \/>\nguaranteed government-backed<br \/>\ncontract, the relatively high and steady<br \/>\nincome available, the guarantee that<br \/>\nthe sun will rise every day, and the<br \/>\nsufficient market data to support<br \/>\nthe life expectancy estimates of<br \/>\nthe systems. On the flip side, a risk<br \/>\npremium may be a consideration<br \/>\nbecause of the unpredictability<br \/>\nof mother nature, the unknown<br \/>\neconomic life of the project, possible<br \/>\nstigma, the overall risk of owner<br \/>\nmanagement (if applicable), equipment<br \/>\nfailure and weather variations. <\/p>\n<p>When the property owner leases<br \/>\ntheir solar PV system (rooftop or <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201620 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<\/p>\n<p>ground-mounted) to a third party, the<br \/>\nlease becomes an encumbrance on the<br \/>\nproperty. The onus is on the practitioner<br \/>\nto review and understand the leases to<br \/>\nensure that the \u2018new tenant\u2019 will not be<br \/>\ndetrimental to the existing leases\/tenants<br \/>\nand\/or their businesses.  <\/p>\n<p>When considering discount rates,<br \/>\nthe practitioner may want to consider<br \/>\nrealistic rates of return on similar<br \/>\nincome-producing investments with<br \/>\nsimilar timelines or investment periods.  <\/p>\n<p>When valuing residential properties,<br \/>\nthe practitioner may need to look at<br \/>\nresales and paired sales to determine<br \/>\nthe amount of premium the market is<br \/>\nwilling to recognize.  <\/p>\n<p>For non-residential properties,<br \/>\nthere is likely insufficient market<br \/>\ndata (resales) to illustrate a market<br \/>\ndiscount rate to yield the value added by<br \/>\nthe microFIT or FIT program systems<br \/>\non the property. Multiple income streams<br \/>\nwith an income-producing property will<br \/>\nmake it even more difficult to extract<br \/>\nthe contributory value of the solar PV<br \/>\nsystem from sales. Developing a sensitivity <\/p>\n<p>analysis demonstrating the impact of<br \/>\nlow, medium and high rates may assist in<br \/>\ndeveloping a range of values to reconcile.  <\/p>\n<p>Last, but not least, one should not<br \/>\noverlook the importance of drafting<br \/>\nLetters of Engagement \u2013 not just for<br \/>\nthese types of assignments, but any<br \/>\nassignment. A Letter of Engagement is the<br \/>\nopportunity to outline the expectations<br \/>\nof an assignment, by both the practitioner<br \/>\nand the client. This can be in the form<br \/>\nof documentation to be provided and by<br \/>\nwhom, whether the PV system is to be<br \/>\nincluded or excluded from the valuation<br \/>\nassignment, and other particularities.<br \/>\nFor assignments such as this one, key<br \/>\ndocuments are required from the property<br \/>\nowner, such as a copy of the contract;<br \/>\ninstallation costs, budgets or invoices;<br \/>\nutility bills of the system (if existing);<br \/>\ncopy of the property insurance policy;<br \/>\nand any other supporting documentation.<br \/>\nA Letter of Engagement, signed by both<br \/>\nparties, creates an opportunity to outline<br \/>\nthe fee, an invoicing schedule and any<br \/>\nother information to which the client and<br \/>\nthe practitioner agree.<\/p>\n<p>Acknowledgements<br \/>\nI would like to extend a sincere thank you<br \/>\nand acknowledge those who have been very<br \/>\ngenerous with their time and information.<br \/>\nThey are AIC Members Robin Jones,<br \/>\nAACI, P. App., www.InFocusAppraisals.com;<br \/>\nRyan R. Parker, B.Comm, AACI, P. App.,<br \/>\nP.Ag, CAFA, Partner, Valco Real<br \/>\nEstate Appraisers and Consultants,<br \/>\nrparker@valcoconsultants.com; Farm<br \/>\nCredit Canada; Royal Bank of Canada;<br \/>\nScotiabank; TD Canada Trust; MPAC;<br \/>\nand several program participants. <\/p>\n<p>For more information or questions<br \/>\non this topic, please contact Nathalie<br \/>\nRoy-Patenaude, AACI, P. App., Director-<br \/>\nCounsellor, Professional Practice at<br \/>\ndirectorprofessionalpractice@aicanada.ca<br \/>\nor at 1-866-726-5996.<\/p>\n<p>End Note<br \/>\n1 At time of printing, CUSPAP 2014 <\/p>\n<p>was still in effect therefore, the<br \/>\nreferences in this article refer to<br \/>\nCUSPAP 2014. All assignments<br \/>\ncompleted on or after May 1, 2016<br \/>\nmust comply with CUSPAP 2016. <\/p>\n<p>The Personal refers to The Personal Insurance Company.  Certain conditions, limitations and<br \/>\nexclusions may apply. Savings and discounts are subject to eligibility conditions, may vary<br \/>\nby jurisdiction and may not apply to all optional coverages. The terms and conditions of the<br \/>\ncoverages described are set out in the insurance policy, which always prevails. Auto Insurance<br \/>\nis not available in Manitoba, Saskatchewan and British Columbia due to government-run plans. <\/p>\n<p>La Personnelle d\u00e9signe La Personnelle, compagnie d\u2019assurances. Certaines conditions, exclusions<br \/>\net limitations peuvent s\u2019appliquer. Les \u00e9conomies et les rabais sont sous r\u00e9serve des conditions<br \/>\nd\u2019admissibilit\u00e9, peuvent varier selon la province ou le territoire et peuvent ne pas s\u2019appliquer \u00e0 toutes<br \/>\nles protections optionnelles. Les clauses et modalit\u00e9s relatives aux protections d\u00e9crites sont pr\u00e9cis\u00e9es<br \/>\nau contrat d\u2019assurance, lequel pr\u00e9vaut en tout temps. L\u2019assurance auto n\u2019est pas offerte au Manitoba,<br \/>\nen Saskatchewan ni en Colombie-Britannique, o\u00f9 il existe des r\u00e9gimes d\u2019assurance gouvernementaux.<\/p>\n<p>The right fit. La bonne combinaison.<\/p>\n<p>1-888-476-8737<br \/>\nthepersonal.com\/aicanada<\/p>\n<p>Get a quote and compare<\/p>\n<p>1 888 476-8737<br \/>\nlapersonnelle.com\/aicanada<\/p>\n<p>Demandez une soumission et comparez<\/p>\n<p>The Personal<br \/>\nAppraisal Institute<br \/>\nof Canada<br \/>\nthe right fit for your<br \/>\nhome and auto<br \/>\ninsurance needs<\/p>\n<p>La Personnelle<br \/>\nInstitut canadien<br \/>\ndes \u00e9valuateurs<br \/>\nla bonne combinaison<br \/>\npour vos besoins en<br \/>\nassurances auto et<br \/>\nhabitation<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 21Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.InFocusAppraisals.com<br \/>\nmailto:rparker@valcoconsultants.com<br \/>\nmailto:directorprofessionalpractice@aicanada.ca<br \/>\nhttp:\/\/thepersonal.com\/aicanada<br \/>\nhttp:\/\/lapersonnelle.com\/aicanada<br \/>\nhttp:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-English<\/p>\n<p>L<br \/>\n\u2019engagement des particuliers,<br \/>\ndes propri\u00e9taires et des<br \/>\ncollectivit\u00e9s envers la<br \/>\nproduction d\u2019 \u00e9nergie<br \/>\npropre \u00e0 vendre au r\u00e9seau<br \/>\nest une situation gagnant-<br \/>\ngagnant. On ne saurait <\/p>\n<p>trouver meilleure initiative  que celle<br \/>\nd\u2019 \u00eatre pay\u00e9 pour produire une \u00e9nergie plus<br \/>\npropre contribuant \u00e0 l\u2019 \u00e9cologie de la<br \/>\n plan\u00e8te. Puisant \u00e0 m\u00eame les programmes<br \/>\nmicroFIT et FIT de l\u2019Ontario, cet article<br \/>\nen deux parties discute les obligations des<br \/>\nparticipants au programme, comment les<br \/>\ninstallations de panneaux solaires sous le<br \/>\nProgramme et les d\u00e9fis dans l\u2019 \u00e9valuation<br \/>\ndes contrats photovolta\u00efque(PV)\/solaires \u00e0 <\/p>\n<p>Par Nathalie Roy-Patenaude, AACI, P.App<br \/>\ndirectrice-conseill\u00e8re,<br \/>\nPratique professionnelle<\/p>\n<p>long terme sur des propri\u00e9t\u00e9s r\u00e9sidentielles et<br \/>\nnon r\u00e9sidentielles.<\/p>\n<p>NOTA : la premi\u00e8re partie de<br \/>\ncet article, qui discute les obligations<br \/>\ndu participant et le financement et<br \/>\nl\u2019 \u00e9valuation des am\u00e9liorations au niveau<br \/>\nde l\u2019 \u00e9nergie solaire a paru dans \u00c9valuation<br \/>\nimmobili\u00e8re au Canada, volume 60,<br \/>\nlivre 1 en date de mars 2016. Il est aussi<br \/>\naccessible dans la librairie en ligne de<br \/>\nl\u2019Institut canadien des \u00e9valuateurs \u00e0<br \/>\nl\u2019adresse http:\/\/www.aicanada.ca\/article\/<br \/>\nValuing-Solar-Energy-Part1-French<\/p>\n<p>La partie 2 de cet article dans le pr\u00e9sent<br \/>\nnum\u00e9ro traite de comment ces syst\u00e8mes sont<br \/>\n\u00e9valu\u00e9s et des obligations du praticien en<br \/>\nvertu des NUPPEC.<\/p>\n<p>M\u00e9thode d\u2019\u00e9valuation et obligations<br \/>\ndu praticien en vertu des NUPPEC<br \/>\nS\u2019agit-il d\u2019un probl\u00e8me de port\u00e9e ou<br \/>\nd\u2019une occasion de port\u00e9e? La premi\u00e8re<br \/>\nquestion qu\u2019on nous pose est de savoir<br \/>\nsi ce genre de contrat de service est \u00e0 la<br \/>\nport\u00e9e de la d\u00e9signation CRA ou s\u2019il est<br \/>\nn\u00e9cessaire d\u2019obtenir la cosignature d\u2019un<br \/>\nAACI. Les syst\u00e8mes d\u2019\u00e9nergie solaire<br \/>\nsont des am\u00e9liorations productives de<br \/>\nrevenu qui peuvent \u00eatre install\u00e9s sur<br \/>\ndes propri\u00e9t\u00e9s tant r\u00e9sidentielles que<br \/>\nnon r\u00e9sidentielles. Pour toute propri\u00e9t\u00e9<br \/>\nr\u00e9sidentielle qui rel\u00e8ve de la comp\u00e9tence<br \/>\nde la d\u00e9signation CRA pour jusqu\u2019\u00e0<br \/>\nquatre unit\u00e9s de logement ou de terrain<br \/>\nr\u00e9sidentiel \u00e0 am\u00e9nager, un membre \u00e0 <\/p>\n<p>\u00c9valuer<br \/>\nL\u2019\u00c9NERGIE<br \/>\nSOLAIRE PARTIE 2<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201622 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part1-French<br \/>\nhttp:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<\/p>\n<p>d\u00e9signation CRA peut signer le rapport<br \/>\nsans cosignature. Toute propri\u00e9t\u00e9 au-del\u00e0<br \/>\nde cette port\u00e9e exige la cosignature<br \/>\nd\u2019un AACI. <\/p>\n<p>Le syst\u00e8me d\u2019\u00e9nergie solaire g\u00e9n\u00e8re<br \/>\nun flux de revenus sur une p\u00e9riode<br \/>\nde 20 ans. Sachant que ce flux de<br \/>\nrevenus variera et diminuera au cours<br \/>\nde l\u2019exp\u00e9rience de vie des panneaux, la<br \/>\nm\u00e9thode de la valeur actualis\u00e9e des flux<br \/>\nde tr\u00e9sorerie (VAFT) doit \u00eatre appliqu\u00e9e.<br \/>\nLa VAFT n\u2019est pas une m\u00e9thode<br \/>\ncommun\u00e9ment utilis\u00e9e par ceux dont la<br \/>\npratique porte surtout sur les propri\u00e9t\u00e9s<br \/>\nr\u00e9sidentielles, ce qui ne signifie pas qu\u2019on<br \/>\nne peut pas l\u2019apprendre.<\/p>\n<p>Comme dans tout contrat de service,<br \/>\nla R\u00e8gle des normes relatives aux questions<br \/>\nd\u2019 \u00e9thique 4.2.7 1 nous rappelle qu\u2019il est<br \/>\ncontraire \u00e0 l\u2019\u00e9thique professionnelle<br \/>\npour un membre d\u2019entreprendre un<br \/>\ncontrat de service sans poss\u00e9der les<br \/>\ncomp\u00e9tences n\u00e9cessaires. La comp\u00e9tence<br \/>\npeut \u00eatre obtenue par l\u2019acquisition<br \/>\nde connaissances, de capacit\u00e9s et(ou)<br \/>\nd\u2019exp\u00e9rience. Les praticiens voudront<br \/>\ns\u2019aligner sur les experts en la mati\u00e8re,<br \/>\nleurs pairs et les professionnels de<br \/>\nl\u2019industrie et proc\u00e9der \u00e0 une recherche<br \/>\ndu programme afin d\u2019en comprendre les<br \/>\nsubtilit\u00e9s et les complexit\u00e9s. <\/p>\n<p>Les NUPPEC exigent que le praticien<br \/>\nfournisse une d\u00e9finition de la valeur.<br \/>\nLa valeur marchande est le prix le<br \/>\nplus probable \u00e0 une date donn\u00e9e, pay\u00e9<br \/>\ncomptant ou en termes \u00e9quivalents ou<br \/>\nencore en termes sp\u00e9cifiques d\u00e9voil\u00e9s,<br \/>\npour lequel les droits sp\u00e9cifiques d\u2019une<br \/>\npropri\u00e9t\u00e9 se vendraient suite \u00e0 une<br \/>\nexposition raisonnable dans un march\u00e9<br \/>\ncomp\u00e9titif, toutes les conditions requises<br \/>\npour une vente juste, entre un acheteur<br \/>\net un vendeur agissant prudemment,<br \/>\nde mani\u00e8re comp\u00e9tente et \u00e0 des fins<br \/>\npersonnelles, en assumant que ni l\u2019un ni<br \/>\nl\u2019autre n\u2019agit sous des contraintes indues.<br \/>\nUne notion implicite \u00e0 cette d\u00e9finition<br \/>\net aux concepts avec lesquels nous<br \/>\nsommes tous familiers touche l\u2019ex\u00e9cution<br \/>\ncompl\u00e8te d\u2019une vente \u00e0 une date sp\u00e9cifi\u00e9e<br \/>\net le transfert du titre du vendeur \u00e0<br \/>\nl\u2019acheteur dans des conditions telles que : <\/p>\n<p>\u2022 l\u2019acheteur et le vendeur sont<br \/>\nnormalement motiv\u00e9s; <\/p>\n<p>\u2022 les deux parties sont bien inform\u00e9es<br \/>\nou bien conseill\u00e9es et agissent, \u00e0<br \/>\nleur avis, dans leur int\u00e9r\u00eat; <\/p>\n<p>\u2022 un d\u00e9lai raisonnable est pr\u00e9vu pour<br \/>\nla mise en vente sur le march\u00e9 libre; <\/p>\n<p>\u2022 le paiement est effectu\u00e9 en esp\u00e8ces,<br \/>\nen dollars canadiens, ou selon des<br \/>\nmodalit\u00e9s financi\u00e8res comparables; <\/p>\n<p>\u2022 le prix repr\u00e9sente la contrepartie<br \/>\nnormale du bien vendu, sans \u00eatre<br \/>\nmodifi\u00e9 par un financement sp\u00e9cial<br \/>\nou original ou des concessions de<br \/>\nvente accord\u00e9es par quiconque est<br \/>\nassoci\u00e9 \u00e0 l\u2019op\u00e9ration de vente. <\/p>\n<p>Assez simple. Une d\u00e9finition nette et<br \/>\npr\u00e9cise dont nous devons comprendre<br \/>\nles r\u00e9percussions. En faisant une revue<br \/>\nde la litt\u00e9rature, je suis tomb\u00e9e sur un<br \/>\narticle qui portait sp\u00e9cifiquement sur le<br \/>\ndeuxi\u00e8me point ci-dessus et qui offrait une<br \/>\nperspective int\u00e9ressante. En interviewant<br \/>\ndes participants au programme, un th\u00e8me<br \/>\ncommun est apparu : tous les participants<br \/>\nsont bien inform\u00e9s au sujet du programme,<br \/>\ndes produits et du rendement pr\u00e9vu de leur<br \/>\ninvestissement. C\u2019est ici que la comp\u00e9tence<br \/>\nest importante; le praticien doit s\u2019assurer<br \/>\nqu\u2019il en sait autant, sinon plus que les<br \/>\nparticipants au sujet du programme.<br \/>\n\u00ab Je ne sais pas \u00bb ou \u00ab je ne sais pas<br \/>\ncomment \u00bb ne donne pas une valeur<br \/>\ncontributive de 0 $.<\/p>\n<p>Port\u00e9e du travail<br \/>\nL\u2019identification et la d\u00e9finition de<br \/>\nla port\u00e9e du travail fait partie<br \/>\nintrins\u00e8que de ce contrat de service.<br \/>\nIl importe d\u2019expliquer au lecteur<br \/>\nsi le composant solaire\u00a0produisant<br \/>\ndes revenus est inclus ou exclu de<br \/>\nla conclusion sur la valeur et, si le<br \/>\ncomposant est exclus, de fournir une<br \/>\njustification. D\u00e9pendamment de la date<br \/>\nd\u2019installation du syst\u00e8me, si le contrat<br \/>\nde service est r\u00e9trospectif, la date r\u00e9elle<br \/>\ndu contrat de service pourrait pr\u00e9c\u00e9der<br \/>\nla date d\u2019installation du syst\u00e8me, ce qui<br \/>\nexigerait son exclusion.  <\/p>\n<p>Que la propri\u00e9t\u00e9 soit r\u00e9sidentielle<br \/>\nou non, le praticien peut rencontrer<br \/>\ndiff\u00e9rents sc\u00e9narios\/requ\u00eates de client<br \/>\ntels : valeur marchande avec syst\u00e8me,<br \/>\nvaleur marchande sans syst\u00e8me<br \/>\n(c.-\u00e0-d., pour une propri\u00e9t\u00e9 dot\u00e9e d\u2019un<br \/>\nsyst\u00e8me : valeur \u00ab telle quelle \u00bb et valeur<br \/>\n\u00ab comme si le syst\u00e8me \u00e9tait exclus \u00bb;<br \/>\npour une propri\u00e9t\u00e9 sans syst\u00e8me : valeur<br \/>\n\u00ab telle quelle sans syst\u00e8me \u00bb et valeur \u00ab<br \/>\ncomme si un syst\u00e8me \u00e9tait inclus<br \/>\nou install\u00e9 \u00bb). Nous rappelons aux <\/p>\n<p>membres que les sc\u00e9narios \u00ab comme si \u00bb<br \/>\nexigent des conditions hypoth\u00e9tiques<br \/>\net les hypoth\u00e8ses extraordinaires. <\/p>\n<p>Contr\u00f4les de l\u2019utilisation des terres<br \/>\nLes analyses de l\u2019utilisation optimale<br \/>\nreposent sur l\u2019exigence fondamentale<br \/>\nde d\u00e9gager et de d\u00e9finir les contr\u00f4les<br \/>\nde l\u2019utilisation des terres parce que ces<br \/>\nderniers peuvent favoriser ou entraver<br \/>\nl\u2019ajout d\u2019am\u00e9liorations PV \u00e0 une<br \/>\npropri\u00e9t\u00e9 (c.-\u00e0-d., d\u00e9signations courantes<br \/>\ndu zonage et exigences possibles de<br \/>\nchangements aux classifications pour<br \/>\nam\u00e9liorations solaires, utilisations<br \/>\npermises, exigences de retrait). <\/p>\n<p>Les r\u00e8gles suivantes touchant la<br \/>\nNorme relative aux activit\u00e9s d\u2019\u00e9valuation<br \/>\n(NRAE) et leurs commentaires<br \/>\npertinents devraient \u00eatre appliqu\u00e9es<br \/>\nrigoureusement pour assurer que<br \/>\nle lecteur\/utilisateur pr\u00e9vu trouve<br \/>\nsuffisamment de renseignements dans les<br \/>\nanalyses, opinions et conclusions pour : <\/p>\n<p>\u2022 NRAE 6.2.15 : d\u00e9crire et analyser<br \/>\ntoutes les donn\u00e9es pertinentes au<br \/>\ncontrat de service;<\/p>\n<p>\u2022 NRAE 6.2.16 : d\u00e9crire et utiliser<br \/>\nles proc\u00e9dures d\u2019\u00e9valuation<br \/>\npertinentes au contrat de service,<br \/>\nen plus d\u2019expliquer et justifier<br \/>\nl\u2019exclusion de toute m\u00e9thode<br \/>\nd\u2019\u00e9valuation habituelle;<\/p>\n<p>\u2022 NRAE 6.2.17 : pr\u00e9ciser le<br \/>\nraisonnement sur lequel sont<br \/>\nfond\u00e9es les analyses, opinions<br \/>\net conclusions tir\u00e9es de chaque<br \/>\nm\u00e9thode d\u2019\u00e9valuation;<\/p>\n<p>\u2022 NRAE 6.2.18 : lors de l\u2019\u00e9laboration<br \/>\nd\u2019une opinion sur la valeur d\u2019un<br \/>\ndomaine afferm\u00e9 ou d\u2019un domaine \u00e0<br \/>\nbail, analyser l\u2019effet sur la valeur,<br \/>\ns\u2019il en est, des dispositions du bail;<\/p>\n<p>\u2022 NRAE 6.2.23 : examiner et<br \/>\nr\u00e9concilier les donn\u00e9es, analyses<br \/>\net conclusions dans le cadre des<br \/>\nm\u00e9thodes utilis\u00e9es pour r\u00e9aliser une<br \/>\nestimation de la valeur d\u00e9finitive. <\/p>\n<p>\u00c9laboration de la VAFT<br \/>\nLes exigences fondamentale de ce genre<br \/>\nde contrat de service consistent \u00e0 : <\/p>\n<p>\u2022 comprendre le march\u00e9 du type<br \/>\nde propri\u00e9t\u00e9 \u00e0 l\u2019\u00e9tude afin de<br \/>\ncomprendre le niveau d\u2019acceptation<br \/>\n(ou de non-acceptation) du march\u00e9;<\/p>\n<p>\u2022 lire et comprendre le contrat (ceci <\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 23Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<\/p>\n<p>ne s\u2019applique pas seulement aux<br \/>\nprogrammes microFIT ou FIT);<\/p>\n<p>\u2022 comprendre comment les syst\u00e8mes<br \/>\nPV sont \u00e9valu\u00e9s et financ\u00e9s afin de<br \/>\nd\u00e9terminer les ajustements requis,<br \/>\nle cas \u00e9ch\u00e9ant, dans l\u2019analyse; <\/p>\n<p>\u2022 comprendre et d\u00e9finir le langage<br \/>\ntechnique des syst\u00e8mes PV en ce<br \/>\nqui a trait \u00e0 l\u2019analyse; <\/p>\n<p>\u2022 d\u00e9gager toutes les hypoth\u00e8se<br \/>\n et conditions limitatives qui<br \/>\npourraient exister. <\/p>\n<p>Les termes suivants doivent \u00eatre pris en<br \/>\nconsid\u00e9ration lors de l\u2019\u00e9laboration du<br \/>\nflux des d\u00e9penses de fonctionnement<br \/>\nau cours de la p\u00e9riode de 20 ans<br \/>\ndu contrat. Le praticien devrait<br \/>\ntenir compte de la litt\u00e9ratie du<br \/>\nlecteur\/utilisateur pr\u00e9vu en mati\u00e8re<br \/>\nd\u2019\u00e9valuation parce que ce contrat de<br \/>\nservice pourrait \u00eatre plus technique<br \/>\nque les contrats de service ordinaires;<br \/>\nune pratique recommand\u00e9e serait<br \/>\nd\u2019inclure un glossaire des termes<br \/>\ntechniques dans le rapport. <\/p>\n<p>\u2022 Frais de g\u00e9n\u00e9ration : frais per\u00e7u<br \/>\npar l\u2019entreprise de service public<br \/>\npour raccorder le syst\u00e8me du<br \/>\ncompteur s\u00e9par\u00e9 au r\u00e9seau.<\/p>\n<p>\u2022 Facteur de r\u00e9duction : la perte<br \/>\nr\u00e9sultant du processus de conversion<br \/>\nde l\u2019\u00e9nergie solaire en  \u00e9lectricit\u00e9.<br \/>\nLes pertes augmentent \u00e0 mesure que<br \/>\nles panneaux vieillissent et perdent<br \/>\nleur efficacit\u00e9  (p. ex., 0,5-1%\/ann\u00e9e);<br \/>\non peut obtenir les donn\u00e9es et<br \/>\ntendances des entreprises de<br \/>\nservice public.<\/p>\n<p>\u2022 Facteur de d\u00e9gradation : la perte<br \/>\nannuelle de puissance utile\/taux de<br \/>\nd\u00e9pr\u00e9ciation du syst\u00e8me d\u2019\u00e9nergie<br \/>\nsolaire au cours de son esp\u00e9rance<br \/>\nde vie (p. ex., 0,5%-1% par ann\u00e9e);<br \/>\non peut obtenir les donn\u00e9es et<br \/>\ntendances des professionnels\/<br \/>\nfournisseurs de mat\u00e9riel solaire. <\/p>\n<p>D\u00e9finition des<br \/>\n\u00e9l\u00e9ments connus et inconnus<br \/>\n\u00c9l\u00e9ments connus : <\/p>\n<p>\u2022 Co\u00fbt initial\/d\u2019installation<br \/>\n\u2022 Aucune valeur \u00e0 la r\u00e9version  <\/p>\n<p>(c.-\u00e0-d., pas de valeur de revente)<br \/>\n\u2022 Les rentr\u00e9es de fonds sont <\/p>\n<p>mensuelles et pour une p\u00e9riode<br \/>\nd\u00e9termin\u00e9e (c.-\u00e0-d., contrat<br \/>\nde 20 ans)<\/p>\n<p>\u2022 Taux de contrat fixe pour la dur\u00e9e<br \/>\ndu contrat<\/p>\n<p>\u2022 Donn\u00e9es historiques de production<br \/>\ndu syst\u00e8me, si disponibles (c.-\u00e0-d.,<br \/>\nfactures d\u2019\u00e9lectricit\u00e9 du propri\u00e9taire,<br \/>\nfournisseurs de mat\u00e9riel solaire)<\/p>\n<p>\u2022 Le soleil se l\u00e8ve chaque matin.<br \/>\nM\u00eame si la journ\u00e9e n\u2019est pas<br \/>\ntoujours claire et ensoleill\u00e9e,<br \/>\nil y a toujours une activit\u00e9 solaire.<br \/>\nRessources naturelles Canada a<br \/>\ndress\u00e9 des Cartes d\u2019ensoleillement<br \/>\net du potentiel d\u2019\u00e9nergie solaire<br \/>\nphotovolta\u00efque\u00a0du Canada qui<br \/>\npermettent d\u2019estimer l\u2019activit\u00e9 solaire<br \/>\ndans les villes du pays. <\/p>\n<p>\u00c9l\u00e9ments inconnus :<br \/>\n\u2022 La capacit\u00e9\/production du syst\u00e8me <\/p>\n<p>\u00e0 l\u2019\u00e9tat neuf; exige une analyse des<br \/>\ndonn\u00e9es de l\u2019industrie et(ou) du<br \/>\nmarch\u00e9 (c.-\u00e0-d., de fournisseurs<br \/>\nde mat\u00e9riel solaire, des cartes<br \/>\nd\u2019ensoleillement de Ressources<br \/>\nnaturelles Canada)<\/p>\n<p>La n\u00e9cessit\u00e9 de d\u00e9finir les hypoth\u00e8ses<br \/>\net conditions limitatives est au centre<br \/>\nde ce genre de contrat de service parce<br \/>\nqu\u2019elle aidera \u00e0 d\u00e9finir le flux de revenu<br \/>\net les d\u00e9penses d\u2019exploitation au cours<br \/>\nde la p\u00e9riode de 20 ans du contrat.<br \/>\nVoici certaines hypoth\u00e8ses et d\u00e9finitions<br \/>\ncl\u00e9s \u00e0 consid\u00e9rer : <\/p>\n<p>\u2022 Le contrat de 20 ans appuy\u00e9 par<br \/>\nle gouvernement (avec la Soci\u00e9t\u00e9<br \/>\nind\u00e9pendante d\u2019exploitation du<br \/>\nr\u00e9seau d\u2019\u00e9lectricit\u00e9 ou l\u2019entreprise<br \/>\ncontractante) demeurera en place.<\/p>\n<p>\u2022 Les panneaux ont une esp\u00e9rance de<br \/>\nvie de 20 ans (ou selon l\u2019industrie) et,<br \/>\nau terme de ces 20 ans, une nouvelle<br \/>\nentente sera requise ou le syst\u00e8me sera<br \/>\nenlev\u00e9 de sorte qu\u2019il n\u2019y aura aucune<br \/>\nvaleur r\u00e9siduelle \u00e0 la r\u00e9version. <\/p>\n<p>\u2022 Facteur de r\u00e9duction : la perte<br \/>\ndue \u00e0 la conversion sera de X %<br \/>\npar ann\u00e9e.<\/p>\n<p>\u2022 Facteur de d\u00e9gradation : la perte en<br \/>\ncapacit\u00e9 de production sera de X %<br \/>\npar ann\u00e9e.<\/p>\n<p>\u2022 Les co\u00fbts fixes augmenteront de<br \/>\nX % par ann\u00e9e (c.-\u00e0-d., frais de<br \/>\ng\u00e9n\u00e9ration, assurance, entretien<br \/>\n(fond\u00e9s sur des indices rep\u00e8res ou<br \/>\nles donn\u00e9es du march\u00e9)).<\/p>\n<p>\u2022 L\u2019assurance des biens sera en place<br \/>\npendant 20 ans. <\/p>\n<p>R\u00e9soudre le probl\u00e8me d\u2019\u00e9valuation :<br \/>\n\u00e9laboration de la valeur<br \/>\nactualis\u00e9e des flux de tr\u00e9sorerie<br \/>\nEstimer le revenu annuel potentiel brut<br \/>\nsur 20 ans (la vie du contrat)<\/p>\n<p>Moins : panne<br \/>\nde courant<\/p>\n<p>Est-ce que certaines<br \/>\nhypoth\u00e8ses sont requises?<\/p>\n<p>Revenu brut r\u00e9el (RBR)<\/p>\n<p>D\u00e9penses d\u2019exploitation annuelles : <\/p>\n<p>An 1 co\u00fbt d\u2019installation initial<\/p>\n<p>Ann\u00e9es<br \/>\nsubs\u00e9quentes<\/p>\n<p>certaines d\u00e9penses<br \/>\nd\u2019immobilisation (DPA)<br \/>\npeuvent \u00eatre d\u00e9duites<\/p>\n<p>Frais de<br \/>\ng\u00e9n\u00e9ration<\/p>\n<p>factur\u00e9s par la soci\u00e9t\u00e9 de<br \/>\nservice public<\/p>\n<p>Facteur de<br \/>\nr\u00e9duction<\/p>\n<p>normalement 0,5 %-1 %<br \/>\npar ann\u00e9e<\/p>\n<p>Facteur de<br \/>\nd\u00e9gradation<\/p>\n<p>normalement 0,5 %-1 %<br \/>\npar ann\u00e9e<\/p>\n<p>Assurance indice d\u2019inflation<\/p>\n<p>Entretien % du RBR, peut varier<br \/>\ndans le temps \u00e0 certains<br \/>\njalons dans la vie des biens<br \/>\n(par ex., remplacement du<br \/>\ntoit, si en bardeaux)<\/p>\n<p>D\u00e9penses d\u2019immobilisation, co\u00fbts de<br \/>\nlocation du terrain, autres<br \/>\nTotal des d\u00e9penses<\/p>\n<p>Flux de tr\u00e9sorerie net avant service<br \/>\nde la dette<\/p>\n<p>M\u00e9thode d\u2019\u00e9valuation et<br \/>\nextraction d\u2019un taux d\u2019actualisation<br \/>\nM\u00e9thode de comparaison directe<br \/>\nBien que cette m\u00e9thode soit la plus<br \/>\ncommun\u00e9ment utilis\u00e9e pour les<br \/>\npropri\u00e9t\u00e9s r\u00e9sidentielles, le manque de<br \/>\ndonn\u00e9es (reventes, ventes appari\u00e9es de<br \/>\npropri\u00e9t\u00e9s similaires avec syst\u00e8mes PV,<br \/>\ncomportement d\u00e9montr\u00e9 par les<br \/>\nacheteurs et acceptation du march\u00e9<br \/>\ndes syst\u00e8mes PV existants) pr\u00e9sente un<br \/>\nd\u00e9fi majeur.  <\/p>\n<p>Il en est de m\u00eame pour tous les<br \/>\nautres types de propri\u00e9t\u00e9s. M\u00eame si le<br \/>\nprogramme en place depuis 2009, dans<br \/>\nla perspective des transactions effectu\u00e9es,<br \/>\nles donn\u00e9es du march\u00e9 en Ontario<br \/>\ndemeurent limit\u00e9es et, dans certains<br \/>\nmarch\u00e9s, inexistantes.    <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201624 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<\/p>\n<p>La m\u00e9thode de comparaison directe,<br \/>\nappliqu\u00e9e ind\u00e9pendamment, n\u2019est pas<br \/>\nconsid\u00e9r\u00e9e comme la plus fiable, sauf si<br \/>\nles donn\u00e9es du march\u00e9 sont abondantes. <\/p>\n<p>M\u00e9thode du co\u00fbt<br \/>\nCette m\u00e9thode est une importante<br \/>\nconsid\u00e9ration pour les propri\u00e9taires de<br \/>\nprojets et la plus pertinente quand le<br \/>\nsyst\u00e8me PV est neuf parce que la m\u00e9thode<br \/>\nreconna\u00eet le co\u00fbt initial non d\u00e9pr\u00e9ci\u00e9<br \/>\ndu syst\u00e8me. Les co\u00fbts de remplacement<br \/>\nsont passablement uniformes.<br \/>\nL\u2019obsolescence externe est difficile \u00e0<br \/>\nestimer et, comme on l\u2019a d\u00e9j\u00e0 signal\u00e9, les<br \/>\npanneaux se d\u00e9pr\u00e9cient rapidement au<br \/>\ncours des 10 premi\u00e8res ann\u00e9es.<\/p>\n<p>M\u00e9thode du revenu<br \/>\nCette m\u00e9thode joue un r\u00f4le important,<br \/>\ncompte tenu du contrat fixe en place et<br \/>\ndu flux de revenus. L\u2019extraction d\u2019un<br \/>\ntaux d\u2019actualisation est un d\u00e9fi quand<br \/>\nles donn\u00e9es du march\u00e9 sont tr\u00e8s minces.<br \/>\nD\u2019une part, les taux d\u2019actualisation peuvent<br \/>\n\u00eatre comp\u00e9titifs du fait que le contrat est<br \/>\ngaranti avec l\u2019appui du gouvernement, que<br \/>\nle contrat donne un revenu relativement<br \/>\n\u00e9lev\u00e9 et stable, qu\u2019on peut garantir que le<br \/>\nsoleil se l\u00e8vera chaque matin et qu\u2019il existe<br \/>\nsuffisamment de donn\u00e9es du march\u00e9 pour<br \/>\nappuyer les estimations d\u2019esp\u00e9rance de<br \/>\nvie des syst\u00e8mes. Par ailleurs, une prime<br \/>\nde risque peut \u00eatre envisag\u00e9e \u00e0 cause de<br \/>\nl\u2019impr\u00e9visibilit\u00e9 de Dame Nature, de<br \/>\nla vie \u00e9conomique inconnue du projet,<br \/>\ndu stigma possible, du risque possible de<br \/>\ngestion du propri\u00e9taire (le cas \u00e9ch\u00e9ant),<br \/>\nde la d\u00e9faillance du mat\u00e9riel et des<br \/>\nvariations m\u00e9t\u00e9orologiques. <\/p>\n<p>Quand un propri\u00e9taire loue son<br \/>\nsyst\u00e8me PV solaire (mont\u00e9 sur un toit ou<br \/>\nau sol) \u00e0 une tierce partie, le bail devient<br \/>\nun gr\u00e8vement de la propri\u00e9t\u00e9. Il incombe<br \/>\nau praticien d\u2019\u00e9tudier et de comprendre<br \/>\nles baux pour s\u2019assurer que le \u00ab nouveau<br \/>\nlocataire \u00bb ne nuira pas aux baux\/<br \/>\nlocataires existants et(ou) \u00e0 leurs affaires.  <\/p>\n<p>Quand il consid\u00e8re les taux<br \/>\nd\u2019actualisation, le praticien peut devoir<br \/>\nconsid\u00e9rer des taux de rendement<br \/>\nr\u00e9alistes de placements productifs de<br \/>\nrevenu comparables avec \u00e9ch\u00e9anciers ou<br \/>\np\u00e9riodes de placement similaires.  <\/p>\n<p>Quand il \u00e9value des propri\u00e9t\u00e9s<br \/>\nr\u00e9sidentielles, le praticien peut devoir<br \/>\nexaminer les reventes et ventes appari\u00e9es <\/p>\n<p>afin de d\u00e9terminer le montant de la prime<br \/>\nque le march\u00e9 est dispos\u00e9 \u00e0 reconna\u00eetre.  <\/p>\n<p>En ce qui a trait aux propri\u00e9t\u00e9s non<br \/>\nr\u00e9sidentielles, les donn\u00e9es du march\u00e9<br \/>\n(reventes) sont probablement insuffisantes<br \/>\npour illustrer un taux d\u2019actualisation<br \/>\ndu march\u00e9 calculant la valeur ajout\u00e9e<br \/>\nqu\u2019apportent \u00e0 la propri\u00e9t\u00e9 des syst\u00e8mes<br \/>\ndes programmes microFIT ou FIT. Il est<br \/>\nencore plus difficile de calculer la valeur<br \/>\ncontributive des syst\u00e8mes PV solaires en<br \/>\nvue de la vente d\u2019une propri\u00e9t\u00e9 \u00e0 sources<br \/>\nde revenus multiples. L\u2019\u00e9laboration<br \/>\nd\u2019une analyse de sensibilit\u00e9 d\u00e9montrant<br \/>\nl\u2019incidence de taux d\u2019actualisation faibles,<br \/>\nmoyens et \u00e9lev\u00e9s peut aider \u00e0 \u00e9laborer une<br \/>\nfourchette de valeurs \u00e0 rapprocher.  <\/p>\n<p>Dernier point, mais non le moindre,<br \/>\non ne devrait pas sous-estimer<br \/>\nl\u2019importance de r\u00e9diger des lettres<br \/>\nd\u2019engagement \u2013 non seulement pour<br \/>\nles contrats de service de ce genre, mais<br \/>\npour tout contrat de service. Une lettre<br \/>\nd\u2019engagement fournit au praticien et au<br \/>\nclient l\u2019occasion de formuler ses attentes<br \/>\n\u00e0 l\u2019\u00e9gard d\u2019un contrat de service. Il peut<br \/>\ns\u2019agir de pr\u00e9ciser la documentation<br \/>\ndevant \u00eatre fournie et par qui, de pr\u00e9ciser<br \/>\nsi le syst\u00e8me PV doit \u00eatre inclus ou exclus<br \/>\ndu contrat de service d\u2019\u00e9valuation et<br \/>\nd\u2019\u00e9noncer les autres particularit\u00e9s.<br \/>\nPour les contrats de service comme<br \/>\ncelui-ci, le propri\u00e9taire doit fournir des<br \/>\ndocuments tels une copie du contrat,<br \/>\nun relev\u00e9 des co\u00fbts d\u2019installation, les<br \/>\nbudgets ou les factures, les factures de<br \/>\nservice public du syst\u00e8me (s\u2019il y en a), <\/p>\n<p>une copie de la police d\u2019assurance du bien<br \/>\net toute autre documentation d\u2019appui.<br \/>\nUne lettre d\u2019engagement, sign\u00e9e par les<br \/>\ndeux parties, offre une occasion de pr\u00e9ciser<br \/>\nles honoraires, un calendrier de facturation<br \/>\net tous les autres renseignements que le<br \/>\nclient et le praticien ont convenu.<\/p>\n<p>Remerciements<br \/>\nJe tiens \u00e0 remercier sinc\u00e8rement ceux qui<br \/>\nont fourni g\u00e9n\u00e9reusement leur temps<br \/>\net leurs renseignements. Il s\u2019agit des<br \/>\nmembres de l\u2019ICE Robin Jones, AACI,<br \/>\nP. App., www.InFocusAppraisals.com;<br \/>\nRyan R. Parker, B.Comm, AACI, P. App.,<br \/>\nP.Ag, CAFA, associ\u00e9, Valco Real Estate<br \/>\nAppraisers and Consultants, rparker@<br \/>\nvalcoconsultants.com; Financement agricole<br \/>\nCanada; Banque Royale du Canada;<br \/>\nBanque Scotia; TD Canada Trust; SEFM;<br \/>\net plusieurs participants aux programmes. <\/p>\n<p>Pour de plus amples renseignements<br \/>\nou si vous avez des questions \u00e0 ce sujet,<br \/>\nveuillez communiquer avec Nathalie<br \/>\nRoy-Patenaude, AACI, P. App., directrice-<br \/>\nconseill\u00e8re, Pratique professionnelle \u00e0<br \/>\ndirectorprofessionalpractice@aicanada.ca ou<br \/>\nau 1-866-726-5996. <\/p>\n<p>Renvois<br \/>\n1 Au moment de l\u2019impression, les <\/p>\n<p>NUPPEC 2014 \u00e9taient encore en<br \/>\nvigueur alors les r\u00e9f\u00e9rences dans cet<br \/>\narticle r\u00e9f\u00e8rent aux NUPPEC 2014.<br \/>\nTout contrat de service compl\u00e9t\u00e9<br \/>\nle ou apr\u00e8s le 1er mai 2016 doit \u00eatre<br \/>\nconforme aux NUPPEC 2016.  <\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 25Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.InFocusAppraisals.com<br \/>\nmailto:directorprofessionalpractice@aicanada.ca<br \/>\nmailto:rparker@valcoconsultants.com<br \/>\nmailto:rparker@valcoconsultants.com<br \/>\nhttp:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Valuing-Solar-Energy-Part2-French<\/p>\n<p> K<br \/>\ney Performance Indicators (KPIs) are metrics or measures<br \/>\nthat can be used to determine and grade performance<br \/>\nof just about anything. In business, KPIs represent the <\/p>\n<p>numbers that can be used to determine how an individual or an<br \/>\norganization is performing. <\/p>\n<p>Organizational success depends on management\u2019s ability<br \/>\nto identify KPIs and pay careful attention to what the<br \/>\ninformation is telling them. Having too much information<br \/>\ncan leave appraisers drowning in a sea of data, with no real<br \/>\nbenefit. Modern appraisal firms are frequently so concentrated<br \/>\non managing daily tasks, meeting deadlines and securing the<br \/>\nnext job that the idea of taking time to surface KPIs for their<br \/>\nbusiness is not realistic.     <\/p>\n<p>As a result, many of us default to running our businesses by<br \/>\nintuition, trusting our gut and relying on our experience.   <\/p>\n<p>Before you assume that KPIs do not fit your appraisal<br \/>\nbusiness, consider these four example KPIs or valuable data<br \/>\npoints that could be determined with the least amount of<br \/>\nadditional effort and used on a daily or weekly basis: <\/p>\n<p>1. Order source \u2013 Are we reliant on Appraisal Management<br \/>\nCompanies for all our work? Has our firm been getting a share<br \/>\nof that profitable private work? Is that Realtor associate really<br \/>\nproviding us with business?<\/p>\n<p>Tracking where our orders are coming from is key, not only<br \/>\nto the health of our business, but to our job satisfaction.<\/p>\n<p>KPIs: Valuable insights<br \/>\nor just more paperwork?<\/p>\n<p>By Greg Fandrick, Head of Marketing, ANOW, www.anow.com<\/p>\n<p>30<\/p>\n<p>20<\/p>\n<p>10<\/p>\n<p>0<\/p>\n<p>M<br \/>\no<\/p>\n<p>rt<br \/>\ng<\/p>\n<p>ag<br \/>\ne<\/p>\n<p>B<br \/>\nro<\/p>\n<p>ke<br \/>\nr<\/p>\n<p>A<br \/>\nM<\/p>\n<p>C<\/p>\n<p>L<br \/>\naw<\/p>\n<p>ye<br \/>\nr<\/p>\n<p>Le<br \/>\nn<\/p>\n<p>d<br \/>\ne<\/p>\n<p>r<\/p>\n<p>P<br \/>\nri<\/p>\n<p>va<br \/>\nte<\/p>\n<p>R<br \/>\ne<\/p>\n<p>al<br \/>\nto<\/p>\n<p>r<\/p>\n<p>O<br \/>\nth<\/p>\n<p>e<br \/>\nr<\/p>\n<p>Order Volume<br \/>\nShowing 7 of 7<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201626 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.anow.com<br \/>\nhttp:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-English<\/p>\n<p>\u201cThe success of any business<br \/>\ndepends on management\u2019s <\/p>\n<p>ability to identify Key<br \/>\nPerformance Indicators and pay <\/p>\n<p>careful attention to what the<br \/>\ninformation is telling them.\u201d<\/p>\n<p>\u201cHaving a daily snapshot of your<br \/>\norder volume, current billable <\/p>\n<p>orders and accounts receivable<br \/>\nis the \u2018must have\u2019 KPI for the <\/p>\n<p>modern appraisal firm.\u201d <\/p>\n<p>2. Client \u2013 We all prefer to work for that favorite client, the<br \/>\none that pays on time, maybe the one that pays best. But, when<br \/>\nwas the last time we actually conducted an appraisal for them?<br \/>\nHas a competitor been getting the business because we lost<br \/>\ntouch? Tracking our key clients and their volume is critical to<br \/>\nmaintaining our relationship with them.<\/p>\n<p>3. Location and travel time \u2013 What neighborhood is<br \/>\nhot at this point in time? Should we be expanding to a new<br \/>\nregion? Tracking where your team is spending time or, equally<br \/>\nimportant, how much time you are spending travelling compared<br \/>\nto appraising can influence the resources you make available, <\/p>\n<p>While these are the most basic examples, other key<br \/>\nindicators you might also need to know include:<\/p>\n<p>\u2022 Net Profit<br \/>\n\u2022 Gross Profit Margin<br \/>\n\u2022 Average Purchase Order Value per Client<br \/>\n\u2022 Order Fulfillment Cycle Time<br \/>\n\u2022 Revenue Per Appraiser<\/p>\n<p>As basic KPIs, there is no question that there is value in<br \/>\nhaving this data readily available. The question becomes:<br \/>\nat what cost? The time and effort to manually derive this<br \/>\ninformation and visualize it on a dashboard is often a time<br \/>\nbarrier for many small businesses. So, how do we surface this<br \/>\nvaluable business information with the least effort possible?<\/p>\n<p>Look at your back office software and consider the<br \/>\nreporting features you can get from it. Modern appraisal<br \/>\ncompanies realize they need an office management system<br \/>\nthat is collaborative, mobile and efficient. If your back office<br \/>\ndoes not provide this critical pulse on your business, it is<br \/>\ntime to find a better way. <\/p>\n<p>Consider how built-in analytics can give you the insights<br \/>\nyou need to know your business; to make better decisions;<br \/>\nto see trends in your revenues, volumes, customers, pricing<br \/>\nand property locations; and to ensure no revenue is missed<br \/>\nbecause unpaid and overdue appraisals were not tracked.<br \/>\nThese analytics can also enable you to assess your personal<br \/>\nor team performance in terms of turnaround time or other<br \/>\nimportant indicators. In short, KPIs are critical to managing<br \/>\nand growing your appraisal business. <\/p>\n<p>Billed vs Revenue<br \/>\nShowing 10 of 12<\/p>\n<p>R<br \/>\ne<\/p>\n<p>d<br \/>\n D<\/p>\n<p>e<br \/>\ne<\/p>\n<p>r<\/p>\n<p>S<br \/>\nan<\/p>\n<p> F<br \/>\nra<\/p>\n<p>n<br \/>\nc<\/p>\n<p>is<br \/>\nco<\/p>\n<p>P<br \/>\no<\/p>\n<p>n<br \/>\no<\/p>\n<p>ka<\/p>\n<p>To<br \/>\nro<\/p>\n<p>n<br \/>\nto<\/p>\n<p>C<br \/>\nh<\/p>\n<p>ic<br \/>\nag<\/p>\n<p>o<\/p>\n<p>A<br \/>\nle<\/p>\n<p>xa<br \/>\nn<\/p>\n<p>d<br \/>\nri<\/p>\n<p>a<\/p>\n<p>W<br \/>\nin<\/p>\n<p>c<br \/>\nh<\/p>\n<p>e<br \/>\nst<\/p>\n<p>e<br \/>\nr<\/p>\n<p>30000<\/p>\n<p>25000<\/p>\n<p>20000<\/p>\n<p>15000<\/p>\n<p>10000<\/p>\n<p>5000<\/p>\n<p>0<\/p>\n<p>56 TotalCompleted 28 TotalUnpaid$41,297.92 BilledAmount $29,972.92 PaidAmount $11.325.00 UnpaidAmount<\/p>\n<p>8<\/p>\n<p>6<\/p>\n<p>4<\/p>\n<p>2<\/p>\n<p>0<\/p>\n<p>Order Volume<br \/>\nShowing 10 of 24<\/p>\n<p>B<br \/>\nan<\/p>\n<p>k<br \/>\no<\/p>\n<p>f<br \/>\nA<\/p>\n<p>m<br \/>\ne<\/p>\n<p>ri<br \/>\nc<\/p>\n<p>a<\/p>\n<p>A<br \/>\nle<\/p>\n<p>xa<br \/>\nn<\/p>\n<p>c<br \/>\nd<\/p>\n<p>e<br \/>\nr <\/p>\n<p>S<br \/>\nim<\/p>\n<p>o<br \/>\nn<\/p>\n<p>&#8230;<\/p>\n<p>C<br \/>\nh<\/p>\n<p>lo<br \/>\ne<\/p>\n<p> B<br \/>\nla<\/p>\n<p>c<br \/>\nk<\/p>\n<p>C<br \/>\nh<\/p>\n<p>lo<br \/>\ne<\/p>\n<p> W<br \/>\nh<\/p>\n<p>it<br \/>\ne<\/p>\n<p>A<br \/>\nM<\/p>\n<p>C<\/p>\n<p>Im<br \/>\np<\/p>\n<p>e<br \/>\nri<\/p>\n<p>al<br \/>\n B<\/p>\n<p>an<br \/>\nk<\/p>\n<p>S<br \/>\nco<\/p>\n<p>ti<br \/>\na <\/p>\n<p>B<br \/>\nan<\/p>\n<p>k<\/p>\n<p>Le<br \/>\nn<\/p>\n<p>d<br \/>\ne<\/p>\n<p>r<br \/>\nX<\/p>\n<p>M<br \/>\nr.<\/p>\n<p> N<br \/>\nik<\/p>\n<p>o<br \/>\ns <\/p>\n<p>Ts<br \/>\no<\/p>\n<p>n<br \/>\ni..<\/p>\n<p>.<\/p>\n<p>A<br \/>\n&#038;<\/p>\n<p>N<br \/>\n C<\/p>\n<p>o<br \/>\nm<\/p>\n<p>p<br \/>\nan<\/p>\n<p>y<\/p>\n<p>4. Cash flow \u2013 Is there a more important measure of the health<br \/>\nof your business than cash flow? Probably not. And it is more<br \/>\nthan monitoring your bank balance. Who pays on time and who<br \/>\npays late? What is your running margin on appraisal orders?<br \/>\nDo you have one team member whose clients are always late?<\/p>\n<p>Having a daily snapshot of your order volume, current<br \/>\nbillable orders and accounts receivable is the \u2018must have\u2019 KPI<br \/>\nfor the modern appraisal firm. <\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 27Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-English<\/p>\n<p> L es indicateurs cl\u00e9s de performance (ICP) sont des instruments de mesures pouvant \u00eatre utilis\u00e9s pour d\u00e9terminer et coter la performance de pratiquement tout ce qu\u2019on veut mesurer.<br \/>\nEn affaires, les ICP repr\u00e9sentent les nombres qui peuvent \u00eatre utilis\u00e9s<br \/>\npour d\u00e9terminer le rendement d\u2019une personne ou d\u2019une organisation.  <\/p>\n<p>Le succ\u00e8s d\u2019une organisation d\u00e9pend de la capacit\u00e9 de ses<br \/>\ngestionnaires \u00e0 d\u00e9gager les ICP et d\u2019en interpr\u00e9ter correctement<br \/>\nla signification. Un surcro\u00eet d\u2019informations peut submerger les<br \/>\n\u00e9valuateurs dans une mer de donn\u00e9es qui n\u2019offrent aucun avantage<br \/>\nr\u00e9el. Les firmes d\u2019\u00e9valuateurs modernes sont trop souvent tellement<br \/>\nconcentr\u00e9es \u00e0 g\u00e9rer leurs t\u00e2ches quotidiennes, \u00e0 respecter leurs<br \/>\nd\u00e9lais et \u00e0 pr\u00e9parer le projet suivant que l\u2019id\u00e9e de prendre du temps<br \/>\npour d\u00e9gager les ICP pour leur entreprise ne semble pas r\u00e9aliste.<\/p>\n<p>Par cons\u00e9quent, plusieurs d\u2019entre nous se contentent de<br \/>\ndiriger leur entreprise en se fiant \u00e0 leur intuition, \u00e0 leur instinct<br \/>\net \u00e0 leur exp\u00e9rience.   <\/p>\n<p>Avant de supposer que les ICP ne conviennent pas \u00e0 votre<br \/>\nentreprise d\u2019\u00e9valuation, veuillez consid\u00e9rer les quatre exemples<br \/>\nd\u2019ICP ou points de donn\u00e9es qui pourraient \u00eatre d\u00e9termin\u00e9s avec<br \/>\nun minimum d\u2019effort suppl\u00e9mentaire et \u00eatre utilis\u00e9s sur une<br \/>\nbase quotidienne ou hebdomadaire : <\/p>\n<p>1. Source des commandes \u2013 Est-ce que nous nous fions aux<br \/>\ncompagnies de gestion d\u2019\u00e9valuation pour tous nos travaux? Notre<br \/>\nentreprise a-t-elle sa juste part du travail rentable dans le secteur<br \/>\npriv\u00e9? Est-ce que ce promoteur associ\u00e9 nous apporte du travail? <\/p>\n<p>Il est essentiel de retracer d\u2019o\u00f9 viennent les commandes, non<br \/>\nseulement pour assurer la sant\u00e9 de nos entreprises mais aussi<br \/>\npour assurer la satisfaction \u00e0 retirer de notre travail.<\/p>\n<p>Par Greg Fandrick, chef du Marketing, ANOW, www.anow.com<\/p>\n<p>30<\/p>\n<p>20<\/p>\n<p>10<\/p>\n<p>0<\/p>\n<p>  C<br \/>\no<\/p>\n<p>u<br \/>\nrt<\/p>\n<p>ie<br \/>\nr <\/p>\n<p>d<br \/>\n\u2019h<\/p>\n<p>yp<br \/>\no<\/p>\n<p>th<br \/>\n\u00e8<\/p>\n<p>q<br \/>\nu<\/p>\n<p>e<br \/>\ns<\/p>\n<p>S<br \/>\nG<\/p>\n<p>E<\/p>\n<p>A<br \/>\nvo<\/p>\n<p>c<br \/>\nat<\/p>\n<p>P<br \/>\nr\u00ea<\/p>\n<p>te<br \/>\nu<\/p>\n<p>r<\/p>\n<p>P<br \/>\nri<\/p>\n<p>v\u00e9<\/p>\n<p>P<br \/>\nro<\/p>\n<p>m<br \/>\no<\/p>\n<p>te<br \/>\nu<\/p>\n<p>r<\/p>\n<p>A<br \/>\nu<\/p>\n<p>tr<br \/>\ne<\/p>\n<p>Volume des commandes<br \/>\nMontrant 7 sur 7<\/p>\n<p>Les ICP : un outil pr\u00e9cieux ou une<br \/>\nautre chinoiserie administrative?<\/p>\n<p>ICP<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201628 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.anow.com<br \/>\nhttp:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-French<\/p>\n<p>\u00ab Le succ\u00e8s d\u2019une organisation<br \/>\nd\u00e9pend de la capacit\u00e9 de <\/p>\n<p>ses gestionnaires \u00e0 d\u00e9gager<br \/>\nles ICP et d\u2019en interpr\u00e9ter <\/p>\n<p>correctement la signification. \u00bb<\/p>\n<p>\u00ab Une firme d\u2019\u00e9valuation moderne<br \/>\nse doit d\u2019avoir un ICP qui lui <\/p>\n<p>donne un instantan\u00e9 quotidien<br \/>\ndu volume de commandes, des <\/p>\n<p>commandes courantes facturables<br \/>\net des comptes d\u00e9biteurs. \u00bb <\/p>\n<p>2. Client \u2013 Nous souhaiterions tous pouvoir travailler seulement<br \/>\npour notre client pr\u00e9f\u00e9r\u00e9, celui qui paie \u00e0 temps et peut-\u00eatre celui<br \/>\nqui paie le plus. Mais, quand avons-nous vraiment men\u00e9 une<br \/>\n\u00e9valuation pour ce client la derni\u00e8re fois? Est-ce qu\u2019un concurrent<br \/>\na re\u00e7u ce travail parce que nous ne sommes plus en contact? Il<br \/>\nest essentiel de suivre nos principaux clients et leur volume pour<br \/>\nentretenir nos relations avec eux.<\/p>\n<p>3. Emplacement et temps de d\u00e9placement \u2013 Quel voisinage<br \/>\nest pr\u00e9sentement chaud? Devrions-nous chercher \u00e0 nous \u00e9tendre<br \/>\ndans une nouvelle r\u00e9gion? Suivre le temps que consacre votre<br \/>\n\u00e9quipe dans une r\u00e9gion ou, ce qui importe tout autant, le temps<br \/>\npass\u00e9 en d\u00e9placements compar\u00e9 au temps pass\u00e9 en \u00e9valuation peut<br \/>\ninfluer sur les ressources que vous devriez d\u00e9ployer, <\/p>\n<p>Une firme d\u2019\u00e9valuation moderne se doit d\u2019avoir un ICP qui<br \/>\nlui donne un instantan\u00e9 quotidien du volume de commandes,<br \/>\ndes commandes courantes facturables et des comptes d\u00e9biteurs. <\/p>\n<p>Bien que ces exemples soient rudimentaires, d\u2019autres<br \/>\nindicateurs cl\u00e9s qu\u2019il serait bon de conna\u00eetre sont :<\/p>\n<p>\u2022 Profit net<br \/>\n\u2022 Marge brute<br \/>\n\u2022 Valeur moyennes des commandes d\u2019achat par client<br \/>\n\u2022 Dur\u00e9e du cycle de traitement d\u2019une commande<br \/>\n\u2022 Revenu par \u00e9valuateur<\/p>\n<p>Il ne fait aucun doute que les donn\u00e9es que ces ICP de base<br \/>\nrendent imm\u00e9diatement disponibles sont tr\u00e8s utiles. La question<br \/>\nqui se pose : \u00e0 quel co\u00fbt? Le temps et l\u2019effort requis pour extraire<br \/>\nces informations manuellement et les visualiser sur un tableau<br \/>\nest souvent un obstacle pour nombre de petites entreprises.<br \/>\nAlors, comment obtenir ces pr\u00e9cieux renseignements d\u2019affaires<br \/>\navec le moins d\u2019effort possible? <\/p>\n<p>\u00c9tudiez votre bureautique administrative et d\u00e9gagez les<br \/>\nrapports que vous pouvez en tirer. Les entreprises d\u2019\u00e9valuation<br \/>\nmodernes r\u00e9alisent qu\u2019elles ont besoin d\u2019un syst\u00e8me de gestion<br \/>\nbureautique qui est collaboratif, mobile et efficace. Si votre<br \/>\nbureautique administrative ne vous donne pas les signes vitaux<br \/>\nde votre entreprise, il est temps de trouver un meilleur syst\u00e8me. <\/p>\n<p>Consid\u00e9rez comment des outils d\u2019analyse int\u00e9gr\u00e9s peuvent<br \/>\nvous donner les renseignements dont vous avez besoin pour<br \/>\nconna\u00eetre votre entreprise, pour prendre de meilleures d\u00e9cisions,<br \/>\npour d\u00e9gager les tendances dans vos revenus, volumes, clients,<br \/>\nprix et emplacements et pour assurer qu\u2019aucun revenu n\u2019est<br \/>\nperdu parce que les \u00e9valuations non pay\u00e9es et en souffrance<br \/>\nn\u2019ont pas \u00e9t\u00e9 suivies. Ces outils d\u2019analyse peuvent vous aider<br \/>\n\u00e9galement \u00e0 \u00e9valuer votre personnel et le rendement de votre<br \/>\n\u00e9quipe en termes de temps de traitement ou autre indicateurs<br \/>\nimportants. Bref, les ICP sont critiques dans la gestion et<br \/>\nl\u2019expansion de votre entreprise d\u2019\u00e9valuation. <\/p>\n<p>Factur\u00e9 vs Recette<br \/>\nMontant 10 sur 12<\/p>\n<p>R<br \/>\ne<\/p>\n<p>d<br \/>\n D<\/p>\n<p>e<br \/>\ne<\/p>\n<p>r<\/p>\n<p>S<br \/>\nan<\/p>\n<p> F<br \/>\nra<\/p>\n<p>n<br \/>\nc<\/p>\n<p>is<br \/>\nco<\/p>\n<p>P<br \/>\no<\/p>\n<p>n<br \/>\no<\/p>\n<p>ka<\/p>\n<p>To<br \/>\nro<\/p>\n<p>n<br \/>\nto<\/p>\n<p>C<br \/>\nh<\/p>\n<p>ic<br \/>\nag<\/p>\n<p>o<\/p>\n<p>A<br \/>\nle<\/p>\n<p>xa<br \/>\nn<\/p>\n<p>d<br \/>\nri<\/p>\n<p>a<\/p>\n<p>W<br \/>\nin<\/p>\n<p>c<br \/>\nh<\/p>\n<p>e<br \/>\nst<\/p>\n<p>e<br \/>\nr<\/p>\n<p>30000<\/p>\n<p>25000<\/p>\n<p>20000<\/p>\n<p>15000<\/p>\n<p>10000<\/p>\n<p>5000<\/p>\n<p>0<\/p>\n<p>56 Total compl\u00e9t\u00e9 28 Total non pay\u00e941,297.92 $ Montant factur\u00e9 29,972.92 $ Montant pay\u00e9 11,325.00 $ Montant non pay\u00e9<\/p>\n<p>8<\/p>\n<p>6<\/p>\n<p>4<\/p>\n<p>2<\/p>\n<p>0<\/p>\n<p>Volume des commandes<br \/>\nMontrant 10 sur 24<\/p>\n<p>B<br \/>\nan<\/p>\n<p>k<br \/>\no<\/p>\n<p>f<br \/>\nA<\/p>\n<p>m<br \/>\ne<\/p>\n<p>ri<br \/>\nc<\/p>\n<p>a<\/p>\n<p>A<br \/>\nle<\/p>\n<p>xa<br \/>\nn<\/p>\n<p>c<br \/>\nd<\/p>\n<p>e<br \/>\nr <\/p>\n<p>S<br \/>\nim<\/p>\n<p>o<br \/>\nn<\/p>\n<p>&#8230;<\/p>\n<p>C<br \/>\nh<\/p>\n<p>lo<br \/>\ne<\/p>\n<p> B<br \/>\nla<\/p>\n<p>c<br \/>\nk<\/p>\n<p>C<br \/>\nh<\/p>\n<p>lo<br \/>\ne<\/p>\n<p> W<br \/>\nh<\/p>\n<p>it<br \/>\ne<\/p>\n<p>S<br \/>\nG<\/p>\n<p>E<\/p>\n<p>B<br \/>\nan<\/p>\n<p>q<br \/>\nu<\/p>\n<p>e<br \/>\n I<\/p>\n<p>m<br \/>\np<\/p>\n<p>\u00e9<br \/>\nri<\/p>\n<p>al<br \/>\ne<\/p>\n<p>B<br \/>\nan<\/p>\n<p>q<br \/>\nu<\/p>\n<p>e<br \/>\n S<\/p>\n<p>co<br \/>\nti<\/p>\n<p>a<\/p>\n<p>P<br \/>\nr\u00ea<\/p>\n<p>te<br \/>\nu<\/p>\n<p>r<br \/>\nX<\/p>\n<p>M<br \/>\n. N<\/p>\n<p>ik<br \/>\no<\/p>\n<p>s<br \/>\nTs<\/p>\n<p>o<br \/>\nn<\/p>\n<p>i\u2026<\/p>\n<p>A<br \/>\n&#038;<\/p>\n<p>N<br \/>\n C<\/p>\n<p>o<br \/>\nm<\/p>\n<p>p<br \/>\nan<\/p>\n<p>y<\/p>\n<p>4. Flux de tr\u00e9sorerie \u2013 Y a-t-il un meilleur indicateur de la<br \/>\nsant\u00e9 de votre entreprise que le flux de tr\u00e9sorerie? Probablement<br \/>\npas. Et il ne s\u2019agit pas de simplement suivre votre solde en banque.<br \/>\nQui paie \u00e0 temps et qui paie en retard? Quelle est votre marge<br \/>\ncourante sur les commandes d\u2019\u00e9valuation? Y a-t-il un membre<br \/>\ndans votre \u00e9quipe dont les clients sont toujours en retard?<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 29Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Key-Performance-Indicators-French<\/p>\n<p>LEGAL MATTERS<\/p>\n<p>A biding by a legal requirement to render an opinion of market value (e.g., real property assessment) for<br \/>\nlimited market, special purpose<br \/>\nproperties presents a difficult challenge<br \/>\nfor the appraisal community. If there<br \/>\nare no buyers and sellers for a special<br \/>\npurpose property, what can form the<br \/>\nbasis of the market value opinion?<\/p>\n<p>Until 2004, the unequivocal<br \/>\nanswer throughout Canada was that<br \/>\nthe owner of a limited market, special<br \/>\npurpose property could be regarded as<br \/>\na potential purchaser and the amount<br \/>\nthe owner would pay to replace the<br \/>\nproperty could be taken as a measure<br \/>\nof market value. In 2004, the British<br \/>\nColumbia Court of Appeal in Southam<br \/>\nInc. v. Surrey\/White Rock Assessor, Area<br \/>\nNo. 14, 2004 BCCA 245 [Southam]<br \/>\nheld that, where there is no market of<br \/>\nbuyers and sellers, reliance upon the<br \/>\namount an owner will pay produces<br \/>\nnothing more than the value to the<br \/>\ncurrent owner and thus violates the<br \/>\nproscription against \u2018value to owner\u2019<br \/>\nin assessment law. Southam directed<br \/>\nthat market value is to be established<br \/>\naccording to some alternate use for<br \/>\nwhich there is a demonstrable market<br \/>\nof buyers and sellers. Early in 2016, the<br \/>\nCourt of Appeal rendered its decision<br \/>\nin Assessor of Area #01 \u2013 Capital v. Nav<br \/>\nCanada, 2016 BCCA 71 [Nav Canada]<br \/>\noverturning Southam and reinstating<br \/>\nthe pre-Southam position.<\/p>\n<p>Appraisal guidance<br \/>\nThe Appraisal of Real Estate (3d Cdn. ed.),<br \/>\nat page 2.13, provides the following<br \/>\nguidance:<\/p>\n<p>Limited market properties may be<br \/>\nappraised based on their current use<br \/>\nor the most likely alternative use.<br \/>\nDue to the relatively small markets<br \/>\nand lengthy market exposure<br \/>\nneeded to sell such properties, there<br \/>\nmay be little evidence to support an<br \/>\nopinion of market value based on<br \/>\nthe current use \u2026 <\/p>\n<p>If a property\u2019s current use<br \/>\nis so specialized that there is<br \/>\nno demonstrable market for it,<br \/>\nbut the use is viable and likely<br \/>\nto continue, the appraiser may<br \/>\nrender an opinion of use value, if<br \/>\nthe assignment reasonably permits<br \/>\na type of value other than market<br \/>\nvalue. Such an estimate should<br \/>\nnot be confused with an opinion<br \/>\nof market value. If no market can<br \/>\nbe demonstrated or if data is not<br \/>\navailable, the appraiser cannot<br \/>\ndevelop an opinion of market<br \/>\nvalue and should state so in the<br \/>\nappraisal report. However, it is<br \/>\nsometimes necessary to render an<br \/>\nopinion of market value in these<br \/>\nsituations for legal purposes.<br \/>\nIn these cases, the appraiser must<br \/>\ncomply with the legal requirement,<br \/>\nrelying upon personal judgement<br \/>\nand whatever direct market<br \/>\nevidence is available \u20261 <\/p>\n<p>&laquo;&nbsp;IF THERE ARE NO<br \/>\nBUYERS AND SELLERS <\/p>\n<p>FOR A SPECIAL PURPOSE<br \/>\nPROPERTY, WHAT CAN <\/p>\n<p>FORM THE BASIS<br \/>\nOF THE MARKET  <\/p>\n<p>VALUE OPINION?&nbsp;&raquo;<\/p>\n<p>LIMITED MARKET,<br \/>\nSPECIAL PURPOSE  <\/p>\n<p>VALUATION REVISITED<br \/>\nB Y  J O H N  S H E V C H U K ,  C . A R B ,  A A C I  ( H O N ) ,  R I<\/p>\n<p>V OLUN T EER MEMBER, A PPE A L SUB-COMMI T T EE , B A RRIS T ER &#038; S OL ICI TOR<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201630 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Limited-Market-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Limited-Market-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Limited-Market-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Limited-Market-English<\/p>\n<p>Does Nav Canada give a basis for<br \/>\nestablishing market value for limited<br \/>\nmarket, special purpose properties?<br \/>\nIf so, is it any more compelling than the<br \/>\nSoutham alternate use approach?<\/p>\n<p>Assessment of real<br \/>\nproperty for tax purposes<br \/>\nWhere ad valorem real property<br \/>\nassessment imposes a legal requirement<br \/>\nto determine market value, there is<br \/>\nno proviso limiting the requirement<br \/>\n to instances where there is a<br \/>\ndemonstrable market.2<\/p>\n<p>Until the early years in this century,<br \/>\nMontreal v. Sun Life Assurance Co. of<br \/>\nCanada, [1952] 2 D.L.R. 81 (J.C.P.C.)<br \/>\n[Sun Life] and the cases that followed<br \/>\nSun Life allowed that the owner of<br \/>\na special purpose property could be<br \/>\nconsidered a potential purchaser and that<br \/>\nthe cost the current owner would pay to<br \/>\nreplace the property could be used as a<br \/>\ngauge of market value. In this way, use of<br \/>\nthe cost approach to determine market<br \/>\nvalue was endorsed by the courts.3<\/p>\n<p>In 2004, the efficacy of employing<br \/>\nthe cost approach in relation to limited<br \/>\nmarket, special purpose properties was<br \/>\nchallenged in Southam.4 The court<br \/>\nconcluded that market value is premised<br \/>\non the market-derived concept of highest<br \/>\nand best. At paragraph 22 of Southam,<br \/>\nMadam Justice Levine writing for the<br \/>\nCourt of Appeal stated the following:<\/p>\n<p>[22] It seems to me that, if the<br \/>\nowner is to be considered a potential<br \/>\npurchaser, there must be at least one<br \/>\nother potential purchaser for the<br \/>\ncurrent use. Otherwise, there can be<br \/>\nno competitive bidding and no market.<br \/>\nThis is this case: there is no market,<br \/>\nother than the current owner, for the<br \/>\ncurrent use. Therefore, determining<br \/>\nthe market value of the property based<br \/>\non its current use inevitably leads to<br \/>\ndetermining the value of the current use<br \/>\nto the owner, and not market value.<\/p>\n<p>The Supreme Court of Canada dismissed<br \/>\nan application for leave to appeal Southam.<\/p>\n<p>In retrospect, Southam did not<br \/>\ngain the traction many of us in the <\/p>\n<p>assessment community thought it would.<br \/>\nSubsequent judicial consideration of<br \/>\nSoutham has been spotty, perhaps having<br \/>\nits greatest influence in the assessment<br \/>\ncommunity of Newfoundland &#038;<br \/>\nLabrador, but receiving little attention in<br \/>\nthe remaining jurisdictions in Canada.<br \/>\nHowever, in 2012, Nav Canada initiated<br \/>\nappeals of assessments of its air traffic<br \/>\ncontrol towers at airports throughout<br \/>\nBritish Columbia relying upon the<br \/>\nlimited-market, special purpose nature<br \/>\nof the properties on the one hand and,<br \/>\non the other hand, the restricted uses<br \/>\ndictated by the operating agreements in<br \/>\nplace with the federal government.  <\/p>\n<p>In Nav Can, the British Columbia<br \/>\nProperty Assessment Appeal Board and<br \/>\nthe British Columbia Supreme Court<br \/>\nbelieved they were bound by Southam<br \/>\nand reduced the assessments to a<br \/>\nnominal sum. The Assessor appealed to<br \/>\nthe British Columbia Court of Appeal.<br \/>\nChief Justice Bauman, writing for the<br \/>\ncourt, defined the issue: \u201cHow does<br \/>\none value lands and improvements for <\/p>\n<p>LEGAL MATTERS<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 31Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Limited-Market-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Limited-Market-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Limited-Market-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Limited-Market-English<\/p>\n<p>LEGAL MATTERS<\/p>\n<p>assessment purposes that are dedicated<br \/>\nto a single purpose, entirely unique, with<br \/>\nno identifiable market and used by a<br \/>\nmonopoly for the restricted use?\u201d <\/p>\n<p>In Nav Canada, the Court of<br \/>\nAppeal pointed to the aspect of market<br \/>\nvalue that hypothesizes a purchase<br \/>\nprice negotiated by a seller who is not<br \/>\nobliged to sell and a buyer not obliged<br \/>\nto purchase the subject property and<br \/>\nto the recognition in Sun Life that this<br \/>\nideal may not be possible for unique<br \/>\nor exceptional circumstances. In such<br \/>\ncircumstances, other means are required<br \/>\nto arrive at market value including<br \/>\ndepreciated replacement cost. In Nav<br \/>\nCanada, the Court of Appeal held that<br \/>\nSoutham was incorrectly decided because<br \/>\nit did not conform to the following<br \/>\npassage from Sun Life at page 90:<\/p>\n<p>Their Lordships would agree that,<br \/>\nwhere no sale is contemplated and<br \/>\nindeed any sale would be difficult,<br \/>\nwhat has been called the higgling of<br \/>\nthe market is not an element of much<br \/>\nif any consequence, but, nevertheless,<br \/>\nthe ultimate aim is to find the<br \/>\nexchange value of the property, i.e.,<br \/>\nthe price at which the property is<br \/>\nsalable. In reaching their result, the<br \/>\nappointed Tribunal must take into<br \/>\naccount not only the amount that<br \/>\na buyer would give, but also the<br \/>\nsum at which the owner would sell.<br \/>\nWhat that sum would be is, as the<br \/>\nauthorities have pointed out, best<br \/>\nascertained either by regarding him<br \/>\nas one of the possible purchasers or by<br \/>\nestimating what he would be willing<br \/>\nto expend on a building to replace<br \/>\nthat which is being valued. But the<br \/>\nowner must be regarded like any other<br \/>\npurchaser and the price he would give<br \/>\ncalculated not upon any subjective<br \/>\nvalue to him, but upon ordinary<br \/>\nprinciples, i.e., what he would be<br \/>\nprepared to pay, if he was entering<br \/>\nthe market, for a building to meet his<br \/>\nrequirements, or would be willing to<br \/>\nexpend in erecting a building in place<br \/>\nof that which is being assessed.<\/p>\n<p>In Nav Canada, Chief Justice Bauman<br \/>\nnoted that the ultimate aim is to find the <\/p>\n<p>exchange value of the property and, where<br \/>\nthere are no buyers and sellers, one has<br \/>\nto have regard to the amount the owner<br \/>\nwould pay for the property; one must<br \/>\nconsider what the owner would pay to<br \/>\nreplace the building being valued. The<br \/>\nCourt stated frankly that, where there<br \/>\nare no buyers and sellers, the appraiser<br \/>\nmust create a proxy for a competitive<br \/>\nmarket. The question to be asked is what<br \/>\nwould occur if there was a buyer and a<br \/>\nseller. One still has to avoid subjective<br \/>\nelements of value that would devolve into<br \/>\n\u201cvalue to owner.\u201d Chief Justice Bauman<br \/>\nthen reviewed the case law following Sun<br \/>\nLife to affirm that market value is to be<br \/>\ndetermined having regard to the owner as<br \/>\na potential purchaser or to estimate what<br \/>\nthe current owner would pay to replace<br \/>\nthat which is being valued.<\/p>\n<p>The British Columbia Court of<br \/>\nAppeal allowed the assessor\u2019s appeal<br \/>\non the basis that Southam was wrongly<br \/>\ndecided and Sun Life is the binding<br \/>\nauthority. The case has been remitted to<br \/>\nthe Board to reconsider the evidence in<br \/>\nlight of the restoration of Sun Life and<br \/>\nfor consideration of the effect the use<br \/>\nrestrictions might have on market value. <\/p>\n<p>Southam or Nav Canada?<br \/>\nIs the Southam approach more defensible<br \/>\nthan the Sun Life approach? In the<br \/>\nSoutham approach, market value is unlikely<br \/>\nto be achieved because the focus is on what<br \/>\na buyer will pay in an alternate use with no<br \/>\napparent regard to price at which the seller<br \/>\nwill agree to transfer property. On the<br \/>\nother hand, Southam\u2019s focus on highest<br \/>\nand best use \u2013 the cornerstone of market<br \/>\nvalue \u2013 is a market driven concept and,<br \/>\nwithout a market of buyers and sellers for<br \/>\na property in a particular use, any other<br \/>\nvaluation approach is almost certainly<br \/>\ngoing to lead to a proxy for market value<br \/>\nrather than a direct conclusion obtained<br \/>\nfrom the market.<\/p>\n<p>Whether one favours the Southam<br \/>\napproach or the Sun Life approach may<br \/>\nbe dependent upon one\u2019s desired tax<br \/>\noutcome. The Southam approach leads<br \/>\nto owners and occupiers of multi-million<br \/>\ndollar facilities reducing their assessments <\/p>\n<p>to nominal amounts and thereby<br \/>\ncontributing only nominal real property<br \/>\ntaxes in satisfaction of a community\u2019s real<br \/>\nproperty tax burden. As we have seen in<br \/>\nBritish Columbia, this result does not sit<br \/>\nwell with various levels of government<br \/>\nand those sectors of the community<br \/>\nthat do not own limited market, special<br \/>\npurpose facilities. On the other hand, if<br \/>\nthe assessment system is to be based on ad<br \/>\nvalorem, should the logical extensions of<br \/>\nsuch a system be allowed to play out?<\/p>\n<p>There are some points to bear in mind<br \/>\nregarding the impact of Nav Canada:<\/p>\n<p>1. The appeal was as much about<br \/>\nthe valuation consequences of<br \/>\nrestrictions on use as it was about<br \/>\nvaluation methodology.  We will<br \/>\nhear more on this in the not-too-<br \/>\ndistant future.<\/p>\n<p>2. The decision is limited to situations<br \/>\nwhere there is a legal requirement to<br \/>\nset market value whether or not there<br \/>\nis cogent evidence.<\/p>\n<p>3. A jurisdictional exception is likely<br \/>\nrequired within the appraisal report.<\/p>\n<p>4. Legislation in a particular<br \/>\njurisdiction can alter the valuation<br \/>\nrequirements.<\/p>\n<p>It will be interesting to see what<br \/>\nother jurisdictions in Canada do with<br \/>\nNav Canada.<\/p>\n<p>References<br \/>\n1 The Appraisal of Real Estate  <\/p>\n<p>(3d. Cdn. ed.), page 2.13<br \/>\n2 See for example Assessment Act, <\/p>\n<p>RSBC 1996 c. 20, section 19<br \/>\n3 Sun Life, Office Specialty, <\/p>\n<p>Golden Eagle, Crown Forest<br \/>\n4 Southam<\/p>\n<p>This article is provided for the<br \/>\npurposes of generating discussion and<br \/>\nto make practitioners aware of certain<br \/>\nchallenges presented in the law. It is<br \/>\nnot to be taken as legal advice. Any<br \/>\nquestions relating to the role of the<br \/>\nappraiser as an expert witness should<br \/>\nbe put to qualified legal and appraisal<br \/>\npractitioners. <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201632 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Limited-Market-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Limited-Market-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Limited-Market-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Limited-Market-English<\/p>\n<p>QUESTIONS JURIDIQUES<\/p>\n<p>L &lsquo;obligation juridique de rendre une opinion sur la valeur marchande (p. ex.\u00a0: l&rsquo;\u00e9valuation des biens immobiliers) dans un<br \/>\nmarch\u00e9 restreint repr\u00e9sente un d\u00e9fi de<br \/>\ntaille pour les \u00e9valuateurs qui doivent<br \/>\ntravailler avec des propri\u00e9t\u00e9s \u00e0 vocation<br \/>\nsp\u00e9ciale. S\u2019il n\u2019existe aucun vendeur ou<br \/>\nacheteur, sur quelle base peut-on fonder<br \/>\nune opinion de la valeur marchande?<\/p>\n<p>Jusqu&rsquo;en\u00a02004, la r\u00e9ponse \u00e9tait<br \/>\nclaire dans l&rsquo;ensemble du Canada\u00a0: le<br \/>\npropri\u00e9taire d&rsquo;une propri\u00e9t\u00e9 \u00e0 vocation<br \/>\nsp\u00e9ciale dans un march\u00e9 restreint \u00e9tait<br \/>\nconsid\u00e9r\u00e9 comme un acheteur potentiel<br \/>\net le montant qu&rsquo;il devait payer pour<br \/>\nremplacer la propri\u00e9t\u00e9 pouvait \u00eatre<br \/>\nconsid\u00e9r\u00e9 comme une mesure de la<br \/>\nvaleur marchande. En\u00a02004, dans la<br \/>\ncause Southam Inc. c. Surrey\/White<br \/>\nRock Assessor, R\u00e9gion no\u00a014, 2004<br \/>\nBCCA\u00a0245 [Southam], la Cour d&rsquo;appel<br \/>\nde la Colombie-Britannique a d\u00e9cid\u00e9<br \/>\nque, lorsqu&rsquo;il n&rsquo;existe aucun march\u00e9 de<br \/>\nvendeurs ou d&rsquo;acheteurs, la confiance<br \/>\ndonn\u00e9e au montant qu&rsquo;un propri\u00e9taire<br \/>\ndevra payer ne repr\u00e9sente que la valeur<br \/>\nsubjective \u00e9tablie par le propri\u00e9taire<br \/>\nactuel et viole ainsi la proscription<br \/>\nde la \u00ab\u00a0valeur pour le propri\u00e9taire\u00a0\u00bb<br \/>\npr\u00e9sente dans les lois encadrant<br \/>\nl&rsquo;\u00e9valuation. Southam \u00e9nonce que la<br \/>\nvaleur du march\u00e9 doit \u00eatre \u00e9tablie en<br \/>\nfonction de l&rsquo;utilisation alternative la<br \/>\nplus probable, lorsque celle-ci propose<br \/>\ndes param\u00e8tres d\u00e9montrables pour un<br \/>\nmarch\u00e9 d&rsquo;acheteurs et de vendeurs. Au <\/p>\n<p>d\u00e9but de 2016, la d\u00e9cision de la Cour<br \/>\nd&rsquo;appel rendue dans Assessor of Area #01<br \/>\n\u2013 Capital c. Nav Canada, 2016 BCCA\u00a071<br \/>\n[Nav Canada] vient infirmer Southam<br \/>\net r\u00e9tablit la position qui existait avant<br \/>\nSoutham.<\/p>\n<p>Directive d&rsquo;\u00e9valuation<br \/>\nDans la troisi\u00e8me \u00e9dition canadienne de<br \/>\nThe Appraisal of Real Estate (L&rsquo;\u00e9valuation<br \/>\nimmobili\u00e8re), on trouve la ligne directrice<br \/>\nsuivante \u00e0 la page\u00a02.13\u00a0:<\/p>\n<p>Les propri\u00e9t\u00e9s appartenant \u00e0 un<br \/>\nmarch\u00e9 restreint peuvent \u00eatre \u00e9valu\u00e9es<br \/>\nen fonction de l&rsquo;utilisation pr\u00e9vue<br \/>\nou de l&rsquo;utilisation alternative la plus<br \/>\nprobable. En raison de march\u00e9s<br \/>\nrelativement petits et de la longue<br \/>\nexposition n\u00e9cessaire pour vendre<br \/>\nces propri\u00e9t\u00e9s, il peut n&rsquo;y avoir qu&rsquo;un<br \/>\nnombre limit\u00e9 de crit\u00e8res probants<br \/>\npour soutenir une opinion sur<br \/>\nune valeur marchande fond\u00e9e sur<br \/>\nl&rsquo;utilisation pr\u00e9vue (&#8230;). <\/p>\n<p>Si la sp\u00e9cialisation d&rsquo;une<br \/>\npropri\u00e9t\u00e9 est telle qu&rsquo;il n&rsquo;existe<br \/>\npas de march\u00e9 d\u00e9montrable, mais<br \/>\nque son utilisation est viable et<br \/>\nsusceptible de se poursuivre,<br \/>\nl&rsquo;\u00e9valuateur peut rendre un avis<br \/>\nportant sur la valeur d&rsquo;utilisation,<br \/>\nsi le mandat permet qu&rsquo;un type<br \/>\nde valeur diff\u00e9rent de la valeur du<br \/>\nmarch\u00e9 puisse \u00eatre utilis\u00e9e. Une<br \/>\ntelle estimation ne doit pas \u00eatre<br \/>\nconfondue avec une opinion sur la<br \/>\nvaleur marchande. S&rsquo;il est impossible <\/p>\n<p>PROPRI\u00c9T\u00c9S \u00c0 VOCATION SP\u00c9CIALE<br \/>\nDANS UN MARCH\u00c9 RESTREINT \u2013 <\/p>\n<p>R\u00c9VISION DE L&rsquo;\u00c9VALUATION<br \/>\nPA R  J O H N  S H E V C H U K ,  C . A R B ,  A A C I  ( H O N ) ,  R I<\/p>\n<p>MEMBRE B\u00c9N\u00c9 V OL E , S OUS -COMI T \u00c9 D&rsquo;A PPEL , AV OC AT-PROCUREUR<\/p>\n<p>\u00ab S\u2019IL N\u2019EXISTE AUCUN<br \/>\nVENDEUR OU ACHETEUR, <\/p>\n<p>SUR QUELLE BASE<br \/>\nPEUT-ON FONDER UNE <\/p>\n<p>OPINION DE LA VALEUR<br \/>\nMARCHANDE? \u00bb<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 33Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Limited-Market-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Limited-Market-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Limited-Market-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Limited-Market-French<\/p>\n<p>QUESTIONS JURIDIQUES<\/p>\n<p>de d\u00e9terminer un march\u00e9 ou si les<br \/>\ndonn\u00e9es du march\u00e9 ne sont pas<br \/>\ndisponibles, l&rsquo;\u00e9valuateur ne peut<br \/>\npas pr\u00e9senter une opinion sur<br \/>\nla valeur marchande et il doit<br \/>\nl&rsquo;indiquer dans son rapport<br \/>\nd&rsquo;\u00e9valuation. Toutefois, il est<br \/>\npossible que la pr\u00e9sentation d&rsquo;une<br \/>\nopinion sur la valeur marchande<br \/>\ndevienne n\u00e9cessaire pour des raisons<br \/>\njuridiques. Dans ces situations,<br \/>\nl&rsquo;\u00e9valuateur qui doit se conformer<br \/>\n\u00e0 cette exigence doit se fier \u00e0 son<br \/>\njugement personnel et sur tout<br \/>\n\u00e9l\u00e9ment probant qui pourrait<br \/>\nprovenir du march\u00e91 (\u2026) <\/p>\n<p>Nav Canada nous fournit-il les bases<br \/>\nn\u00e9cessaires pour obtenir la valeur<br \/>\nmarchande des propri\u00e9t\u00e9s \u00e0 vocation<br \/>\nsp\u00e9ciale dans un march\u00e9 restreint?<br \/>\nDans l&rsquo;affirmative, cette option est-elle<br \/>\nplus attirante que Southam qui pr\u00e9conise<br \/>\nl&rsquo;\u00e9valuation en fonction d&rsquo;une utilisation<br \/>\nalternative?<\/p>\n<p>\u00c9valuation immobili\u00e8re pour<br \/>\ndes questions d\u2019imp\u00f4ts fonciers<br \/>\nAlors qu&rsquo;une \u00e9valuation immobili\u00e8re<br \/>\nselon la valeur comporte une obligation<br \/>\nl\u00e9gale de d\u00e9terminer la valeur de march\u00e9,<br \/>\naucune clause conditionnelle limitative<br \/>\nn&rsquo;est pr\u00e9sente dans les cas o\u00f9 un march\u00e9<br \/>\nd\u00e9montrable est pr\u00e9sent.2<\/p>\n<p>Jusqu&rsquo;au d\u00e9but du 21e si\u00e8cle, la cause<br \/>\nMontr\u00e9al c. Sun Life Assurance Co. of<br \/>\nCanada, [1952] 2 D.L.R.\u00a081 (J.C.P.C.)<br \/>\n[Sun Life] et les cas subs\u00e9quents \u00e0 Sun Life<br \/>\nont permis que le propri\u00e9taire d&rsquo;une<br \/>\npropri\u00e9t\u00e9 \u00e0 vocation sp\u00e9ciale puisse \u00eatre<br \/>\nconsid\u00e9r\u00e9 comme l&rsquo;acheteur potentiel<br \/>\net que le montant qu&rsquo;il devrait payer<br \/>\npour remplacer la propri\u00e9t\u00e9 puisse \u00eatre<br \/>\nutilis\u00e9 comme mesure pour la valeur<br \/>\nmarchande. \u00c0 ce moment, l\u2019utilisation de<br \/>\nl&rsquo;approche \u00ab\u00a0du co\u00fbt\u00a0\u00bb pour d\u00e9terminer la<br \/>\nvaleur marchande recevait l&rsquo;approbation<br \/>\ndes tribunaux.3<\/p>\n<p>En\u00a02004, l&rsquo;efficacit\u00e9 de l&rsquo;approche<br \/>\n\u00ab\u00a0du co\u00fbt\u00a0\u00bb pour \u00e9valuer les propri\u00e9t\u00e9s<br \/>\n\u00e0 vocation sp\u00e9ciale dans un march\u00e9<br \/>\nrestreint a \u00e9t\u00e9 remise en question par<br \/>\nSoutham4. Le tribunal a conclu  que  la<br \/>\nvaleur marchande doit \u00eatre fond\u00e9e sur le<br \/>\nconcept de l\u2019\u00ab\u00a0utilisation optimale \u00bb.<br \/>\n\u00c0 l&rsquo;alin\u00e9a\u00a022 de Southam, la juge Levine<br \/>\nde la Cour d\u2019appel, d\u00e9clare ce qui suit\u00a0:<\/p>\n<p>[22] Il me semble que, si le propri\u00e9taire<br \/>\nest consid\u00e9r\u00e9 comme un acheteur<br \/>\npotentiel, il doit y avoir au moins<br \/>\nun autre acheteur potentiel pour<br \/>\nl&rsquo;utilisation pr\u00e9vue. Autrement, il ne<br \/>\npeut y avoir d&rsquo;offre concurrentielle<br \/>\net aucun march\u00e9. C&rsquo;est le cas ici\u00a0:<br \/>\nil n&rsquo;existe pas de march\u00e9 autre que<br \/>\ncelui de l&rsquo;actuel propri\u00e9taire pour<br \/>\nl&rsquo;utilisation pr\u00e9vue de la propri\u00e9t\u00e9.<br \/>\nPar cons\u00e9quent, la d\u00e9termination de<br \/>\nla valeur marchande de la propri\u00e9t\u00e9<br \/>\nsur la base de son utilisation<br \/>\nactuelle conduit in\u00e9vitablement \u00e0<br \/>\nla d\u00e9termination de la valeur de<br \/>\nl&rsquo;utilisation actuelle du propri\u00e9taire, et<br \/>\nnon pas la valeur marchande.<\/p>\n<p>La Cour supr\u00eame du Canada a rejet\u00e9<br \/>\nla demande en autorisation d&rsquo;interjeter<br \/>\nappel pour Southam.<\/p>\n<p>En r\u00e9trospective, Southam n&rsquo;a pas<br \/>\ng\u00e9n\u00e9r\u00e9 la direction \u00e0 laquelle plusieurs<br \/>\nmembres de la communaut\u00e9 des<br \/>\n\u00e9valuateurs s&rsquo;attendaient. Les appr\u00e9ciations<br \/>\nsubs\u00e9quentes des tribunaux sur Southam<br \/>\nont eu une port\u00e9e in\u00e9gale. Elles ont eu<br \/>\nune grande influence pour les \u00e9valuateurs<br \/>\nde Terre-Neuve-et-Labrador, mais n&rsquo;ont<br \/>\ng\u00e9n\u00e9r\u00e9 que peu d&rsquo;int\u00e9r\u00eat dans les autres<br \/>\nprovinces et territoires au Canada. <\/p>\n<p>Cependant, en\u00a02012, Nav Canada a lanc\u00e9<br \/>\ndes appels pour l&rsquo;\u00e9valuation de ses tours<br \/>\nde contr\u00f4le a\u00e9rien dans les a\u00e9roports en<br \/>\nColombie-Britannique; les \u00e9valuations<br \/>\ndevaient \u00eatre r\u00e9alis\u00e9es en fonction de<br \/>\npropri\u00e9t\u00e9s \u00e0 vocation sp\u00e9ciale dans un<br \/>\nmarch\u00e9 restreint, d&rsquo;une part, et en se<br \/>\nfondant sur l&rsquo;utilisation restreinte dict\u00e9e<br \/>\npar les accords d&rsquo;exploitation avec le<br \/>\ngouvernement f\u00e9d\u00e9ral.  <\/p>\n<p>En lien \u00e0 Nav Canada, le British<br \/>\nColumbia Property Assessment<br \/>\nAppeal Board et la Cour supr\u00eame de la<br \/>\nColombie-Britannique ont cru qu&rsquo;ils<br \/>\n\u00e9taient limit\u00e9s par Southam et r\u00e9duits<br \/>\n\u00e0 \u00e9tablir les \u00e9valuations \u00e0 une somme<br \/>\nnominale. L&rsquo;\u00e9valuateur en a appel\u00e9<br \/>\n\u00e0 la Cour d&rsquo;appel de la Colombie-<br \/>\nBritannique. Le juge en chef Bauman<br \/>\na d\u00e9fini l&rsquo;enjeu de la mani\u00e8re suivante\u00a0:<br \/>\n\u00ab\u00a0Comment une partie peut-elle donner<br \/>\nune valeur \u00e0 des propri\u00e9t\u00e9s et aux<br \/>\nam\u00e9liorations pour les besoins d&rsquo;une<br \/>\n\u00e9valuation lorsque cette propri\u00e9t\u00e9 est<br \/>\npr\u00e9vue pour un seul besoin, entier et<br \/>\nunique, qu&rsquo;aucun march\u00e9 ne peut \u00eatre<br \/>\nd\u00e9termin\u00e9 et qu&rsquo;elle sera utilis\u00e9e par un<br \/>\nmonopole \u00e0 une fin particuli\u00e8re?\u00a0\u00bb <\/p>\n<p>Toujours en lien \u00e0 Nav Canada, la<br \/>\nCour d&rsquo;appel se prononce sur une valeur<br \/>\nmarchande fond\u00e9e sur l&rsquo;hypoth\u00e8se d&rsquo;un<br \/>\nprix d&rsquo;achat n\u00e9goci\u00e9 par un vendeur qui<br \/>\nn&rsquo;est pas oblig\u00e9 de vendre la propri\u00e9t\u00e9<br \/>\net un acheteur qui n&rsquo;est pas oblig\u00e9 de<br \/>\nl&rsquo;acheter, et sur la reconnaissance, dans<br \/>\nSun\u00a0Life, que cette d\u00e9marche pourrait<br \/>\nne pas \u00eatre possible dans certaines<br \/>\ncirconstances uniques et exceptionnelles.<br \/>\nDans de telles circonstances, d&rsquo;autres<br \/>\nmoyens sont n\u00e9cessaires pour d\u00e9terminer<br \/>\nla valeur marchande, notamment en<br \/>\ntenant compte du co\u00fbt de remplacement<br \/>\nd\u00e9pr\u00e9ci\u00e9. Dans l\u2019affaire de Nav Canada,<br \/>\nla Cour d&rsquo;appel a jug\u00e9 que le jugement<br \/>\nSoutham \u00e9tait erron\u00e9 parce qu&rsquo;il ne<br \/>\nrespectait pas le passage suivant de<br \/>\nl&rsquo;ordonnance Sun Life, \u00e0 la page\u00a090\u00a0:<\/p>\n<p>Vos Seigneuries seront d&rsquo;accord<br \/>\npour dire que, lorsqu&rsquo;aucune vente<br \/>\nn&rsquo;est envisag\u00e9e et que toute vente<br \/>\ndeviendrait une entreprise difficile, ce<br \/>\nqui a \u00e9t\u00e9 appel\u00e9 le marchandage du<br \/>\nmarch\u00e9 ne repr\u00e9sente pas un \u00e9l\u00e9ment <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201634 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Limited-Market-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Limited-Market-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Limited-Market-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Limited-Market-French<\/p>\n<p>QUESTIONS JURIDIQUES<\/p>\n<p>important si aucune cons\u00e9quence<br \/>\nn&rsquo;en d\u00e9coule, mais que n\u00e9anmoins,<br \/>\nle but ultime est d&rsquo;\u00e9tablir la valeur<br \/>\nd&rsquo;\u00e9change de la propri\u00e9t\u00e9, soit le<br \/>\nprix auquel elle peut se vendre. Pour<br \/>\nparvenir \u00e0 sa d\u00e9cision, le Tribunal<br \/>\nd\u00e9sign\u00e9 doit tenir compte du<br \/>\nmontant que l&rsquo;acheteur serait pr\u00eat \u00e0<br \/>\ninvestir, mais aussi de la somme pour<br \/>\nlaquelle le propri\u00e9taire accepterait<br \/>\nde vendre. Comme les autorit\u00e9s<br \/>\nl&rsquo;ont soulign\u00e9, le meilleur moyen<br \/>\npour d\u00e9terminer cette somme est<br \/>\nd&rsquo;\u00e9valuer combien l&rsquo;un des acheteurs<br \/>\npotentiels serait pr\u00eat \u00e0 payer pour<br \/>\nobtenir la propri\u00e9t\u00e9 ou quelle<br \/>\nserait la d\u00e9pense encourue par le<br \/>\npropri\u00e9taire pour remplacer l&rsquo;\u00e9difice<br \/>\nqui fait l&rsquo;objet d&rsquo;une \u00e9valuation.<br \/>\nToutefois, le propri\u00e9taire doit \u00eatre<br \/>\nconsid\u00e9r\u00e9 comme un autre acheteur<br \/>\net le prix qu&rsquo;il donnerait ne doit pas<br \/>\n\u00eatre calcul\u00e9 en fonction de la valeur<br \/>\nsubjective qu&rsquo;il attribue \u00e0 la propri\u00e9t\u00e9,<br \/>\nmais en se fondant sur des principes<br \/>\nordinaires, \u00e0 savoir, la somme qu&rsquo;il<br \/>\nserait pr\u00eat \u00e0 payer s&rsquo;il entrait dans un<br \/>\nmarch\u00e9 pour acqu\u00e9rir un b\u00e2timent<br \/>\nqui r\u00e9pond \u00e0 ses besoins, ou ce qu&rsquo;il<br \/>\nserait pr\u00eat \u00e0 d\u00e9penser pour remplacer<br \/>\nle b\u00e2timent qui doit \u00eatre \u00e9valu\u00e9.<\/p>\n<p>Dans sa d\u00e9cision relative \u00e0 Nav Canada,<br \/>\nle juge en chef Bauman a not\u00e9 que le but<br \/>\nultime est de trouver la valeur d&rsquo;\u00e9change<br \/>\nde la propri\u00e9t\u00e9 et que, lorsqu&rsquo;il n&rsquo;y a pas<br \/>\nd&rsquo;acheteur et de vendeur, on doit tenir<br \/>\ncompte du montant que le propri\u00e9taire<br \/>\ndevrait payer pour acqu\u00e9rir une telle<br \/>\npropri\u00e9t\u00e9; il faut consid\u00e9rer ce que le<br \/>\npropri\u00e9taire devrait payer pour remplacer<br \/>\nle b\u00e2timent qui fait l&rsquo;objet d&rsquo;une<br \/>\n\u00e9valuation. Le tribunal a clairement<br \/>\n\u00e9nonc\u00e9 que, l\u00e0 o\u00f9 il n&rsquo;y a pas d&rsquo;acheteur<br \/>\net de vendeur, l&rsquo;\u00e9valuateur doit cr\u00e9er des<br \/>\nhypoth\u00e8ses de march\u00e9s concurrentiels.<br \/>\nIl faut se poser la question\u00a0: \u00ab\u00a0qu&rsquo;arriverait-il<br \/>\ns&rsquo;il y avait un acheteur et un vendeur?\u00a0\u00bb<br \/>\nIl faut par contre \u00e9viter les \u00e9l\u00e9ments<br \/>\nsubjectifs qui seraient consid\u00e9r\u00e9s comme<br \/>\nune \u00ab\u00a0valeur pour le propri\u00e9taire\u00a0\u00bb.<br \/>\nLe juge en chef Bauman a par la suite<br \/>\n\u00e9tudi\u00e9 la jurisprudence subs\u00e9quente<br \/>\n\u00e0 Sun Life pour affirmer que la valeur <\/p>\n<p>marchande doit \u00eatre d\u00e9termin\u00e9e en<br \/>\npositionnant le propri\u00e9taire actuel<br \/>\ncomme un acheteur potentiel ou en<br \/>\nestimant ce que le propri\u00e9taire actuel<br \/>\ndevrait payer pour remplacer la propri\u00e9t\u00e9<br \/>\nqui est \u00e9valu\u00e9e.<\/p>\n<p>La Cour d&rsquo;appel de la Colombie-<br \/>\nBritannique a re\u00e7u l&rsquo;appel de l&rsquo;\u00e9valuateur<br \/>\nsur la base que le jugement Southam a \u00e9t\u00e9<br \/>\nrendu \u00e0 tort et que Sun Life repr\u00e9sente<br \/>\nl&rsquo;autorit\u00e9 contraignante. L&rsquo;affaire a<br \/>\n\u00e9t\u00e9 renvoy\u00e9e \u00e0 la Commission afin de<br \/>\nr\u00e9examiner les \u00e9l\u00e9ments de preuve \u00e0 la<br \/>\nlumi\u00e8re de la restauration de Sun Life<br \/>\net pour d\u00e9terminer les effets qu&rsquo;une<br \/>\nutilisation restreinte pourrait avoir sur la<br \/>\nvaleur marchande.<\/p>\n<p>Southam ou Nav Canada?<br \/>\nL\u2019approche Southam est-elle plus<br \/>\nd\u00e9fendable que l&rsquo;approche Sun Life?<br \/>\nAvec l\u2019approche Southam, il est peu<br \/>\nprobable que la valeur marchande puisse<br \/>\n\u00eatre d\u00e9termin\u00e9e parce que l&rsquo;accent est<br \/>\nmis sur ce qu&rsquo;un acheteur accepterait de<br \/>\npayer pour faire une utilisation diff\u00e9rente<br \/>\nde la propri\u00e9t\u00e9 sans se pr\u00e9occuper du<br \/>\nprix pour lequel le vendeur accepterait<br \/>\nde vendre la propri\u00e9t\u00e9. Par ailleurs,<br \/>\nl&rsquo;accent que met Southam sur l\u2019utilisation<br \/>\noptimale de la propri\u00e9t\u00e9 \u2013 qui constitue<br \/>\nla pierre angulaire de la valeur<br \/>\nmarchande \u2013 est un concept ax\u00e9 sur le<br \/>\nmarch\u00e9. Sans un march\u00e9 d&rsquo;acheteurs et<br \/>\nde vendeurs pour une propri\u00e9t\u00e9 destin\u00e9e<br \/>\n\u00e0 une fin particuli\u00e8re, toute autre<br \/>\nm\u00e9thode d&rsquo;\u00e9valuation m\u00e8nera presque<br \/>\ncertainement \u00e0 une approximation de<br \/>\nla valeur marchande plut\u00f4t qu&rsquo;\u00e0 une<br \/>\nconclusion provenant directement de<br \/>\ndonn\u00e9es obtenues \u00e0 partir du march\u00e9.<\/p>\n<p>La fiscalit\u00e9 devient un enjeu dans<br \/>\nle choix entre l\u2019approche Southam<br \/>\net l\u2019approche Sun Life. L\u2019approche<br \/>\nSoutham permet aux propri\u00e9taires et<br \/>\naux occupants d&rsquo;installations valant<br \/>\nplusieurs millions de dollars de r\u00e9duire<br \/>\nleur \u00e9valuation fonci\u00e8re \u00e0 des montants<br \/>\nnominaux, ce qui bien s\u00fbr r\u00e9duit la<br \/>\ncharge fiscale destin\u00e9e aux besoins de la<br \/>\ncommunaut\u00e9 \u00e0 des sommes \u00e9galement<br \/>\nnominales. Comme nous l&rsquo;avons vu avec<br \/>\nl&rsquo;exemple de la Colombie-Britannique, ce <\/p>\n<p>r\u00e9sultat ne satisfait pas toujours les divers<br \/>\npaliers de gouvernement ou les diff\u00e9rents<br \/>\nsecteurs d&rsquo;une communaut\u00e9 qui ne<br \/>\nposs\u00e8dent pas une propri\u00e9t\u00e9 \u00e0 vocation<br \/>\nsp\u00e9ciale dans un march\u00e9 restreint.<br \/>\nPar ailleurs, si le syst\u00e8me d&rsquo;\u00e9valuation<br \/>\ndoit \u00eatre fond\u00e9 sur la valeur, les entit\u00e9s<br \/>\nqui sont des \u00ab\u00a0extensions logiques\u00a0\u00bb de<br \/>\nce syst\u00e8me peuvent-elles \u00eatre autoris\u00e9es<br \/>\n\u00e0 jouer le m\u00eame match sans respecter les<br \/>\nm\u00eames r\u00e8gles?<\/p>\n<p>Vous devez garder certains \u00e9l\u00e9ments \u00e0<br \/>\nl&rsquo;esprit en ce qui concerne Nav Canada\u00a0:<\/p>\n<p>1. L\u2019appel portait tout autant sur les<br \/>\ncons\u00e9quences d&rsquo;une \u00e9valuation<br \/>\ndes  possibilit\u00e9s d&rsquo;utilisation<br \/>\nrestreintes que sur la m\u00e9thodologie<br \/>\nd&rsquo;\u00e9valuation. Nous reviendrons<br \/>\nbient\u00f4t sur ce sujet.<\/p>\n<p>2. L&rsquo;ordonnance est limit\u00e9e aux<br \/>\nsituations qui comportent une<br \/>\nobligation l\u00e9gale d\u2019\u00e9tablir la<br \/>\nvaleur marchande, peu importe la<br \/>\npr\u00e9sence d&rsquo;\u00e9l\u00e9ments probants pour<br \/>\n\u00e9tablir cette valeur.<\/p>\n<p>3. Une exception juridictionnelle<br \/>\nsera probablement exig\u00e9e pour le<br \/>\nrapport d&rsquo;\u00e9valuation.<\/p>\n<p>4. Les lois en vigueur selon la r\u00e9gion<br \/>\npeuvent alt\u00e9rer les exigences<br \/>\nd&rsquo;\u00e9valuation.<\/p>\n<p>Il sera int\u00e9ressant de voir ce que<br \/>\ndiff\u00e9rentes juridictions du Canada feront<br \/>\nde l\u2019ordonnance Nav Canada.<\/p>\n<p>R\u00e9f\u00e9rences<br \/>\n1 The Appraisal of Real Estate <\/p>\n<p>(3e \u00e9dition canadienne), page\u00a02.13.<br \/>\n2 Consultez par exemple l\u2019Assessment <\/p>\n<p>Act, RSBC 1996 ch.\u00a020, section\u00a019.<br \/>\n3 Sun Life, Office Specialty, Golden <\/p>\n<p>Eagle, Crown Forest.<br \/>\n4 Southam.<\/p>\n<p>Le pr\u00e9sent article veut susciter la<br \/>\ndiscussion. Il ne devrait pas \u00eatre<br \/>\nconsid\u00e9r\u00e9 \u00e0 titre de conseil juridique.<br \/>\nLes questions que soul\u00e8ve l\u2019article dans<br \/>\ndes circonstances particuli\u00e8res devraient<br \/>\n\u00eatre adress\u00e9es \u00e0 des gens de loi et des<br \/>\n\u00e9valuateurs praticiens qualifi\u00e9. <\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 35Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Limited-Market-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Limited-Market-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Limited-Market-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Limited-Market-French<\/p>\n<p>Owner-supplied<br \/>\ninformation:<br \/>\nproceed with caution<\/p>\n<p>In providing their services (appraisal,<br \/>\nreview, consulting and reserve fund<br \/>\nstudies) members of the Appraisal<br \/>\nInstitute of Canada (AIC) often rely on<br \/>\nowner-supplied information (this could<br \/>\nalso read \u2018client-supplied information\u2019<br \/>\nwhen the client is not the owner).<br \/>\nThe information in question will<br \/>\ngenerally pertain to the subject property<br \/>\nand may include a summary of rental<br \/>\nincome, expenses, improvements, etc.<br \/>\nThis type of information may be supplied<br \/>\nin either verbal or written form. Is there<br \/>\na problem with the use of owner\/client-<br \/>\nsupplied information? The answer to this<br \/>\nquestion, like many appraisal service<br \/>\nrelated issues, is \u2018maybe\u2019 and \u2018it depends.\u2019<\/p>\n<p>Referring to the Appraisal Standard<br \/>\nRules (ASR) listed in the 20141 edition<br \/>\nof the Canadian Uniform Standards of<br \/>\nProfessional Appraisal Practice (CUSPAP),<br \/>\nwe know that, in an appraisal report,<br \/>\nan appraiser must: \u201cidentify the scope<br \/>\nof work necessary to complete the<br \/>\nassignment\u201d (ASR 6.2.4). In the related<br \/>\nAppraisal Standard Comments (ASC),<br \/>\nthis rule is elaborated upon as follows: <\/p>\n<p>\u2022 The scope of work applied must<br \/>\nbe sufficient to result in opinions\/<br \/>\nconclusions that are credible in the<br \/>\ncontext of the intended use of the <\/p>\n<p>PROFESSIONAL PRACTICE MATTERS<\/p>\n<p>BEST PRACTICES \u2013<br \/>\nEXAMPLES FROM THE FIELD<\/p>\n<p>A COL L A BOR AT ION BY T HE V OLUN T EER MEMBER S OF T HE A PPE A L SUB-COMMI T T EE:<\/p>\n<p>DAVID BABINEAU, AACI,  P.APP, FELLOW; GORDON TOMIUK, AACI,  P.APP, FELLOW;<br \/>\nD.  ALLAN BEATTY,  AACI,  P.APP, FELLOW; ROBERT ROBSON, AACI,  P.APP, FELLOW; <\/p>\n<p>PETER LAWREK, P.APP; AND JOHN SHEVCHUK, AACI (HON)<\/p>\n<p>&laquo;&nbsp;IF AN APPRAISER<br \/>\nMAKES A DECISION <\/p>\n<p>TO RELY ON OWNER\/<br \/>\nCLIENT-SUPPLIED <\/p>\n<p>INFORMATION, THIS<br \/>\nINFORMATION MUST <\/p>\n<p>RESULT IN OPINIONS\/<br \/>\nCONCLUSIONS THAT<br \/>\nARE CREDIBLE AND <\/p>\n<p>THAT THE APPRAISER<br \/>\nMUST BE ABLE TO <\/p>\n<p>SUPPORT HIS OR HER<br \/>\nDECISION TO RELY ON<br \/>\nTHIS INFORMATION.&nbsp;&raquo;<\/p>\n<p>appraisal. The appraiser has the<br \/>\nburden of proof to support the<br \/>\nscope of work decision and the<br \/>\nlevel of information included in<br \/>\nthe report. (ASC 7.5.2) <\/p>\n<p>\u2022 The appraiser must take reasonable<br \/>\nsteps to ensure that the information<br \/>\nand analyses provided are sufficient<br \/>\nfor the client and intended users to<br \/>\nadequately understand the rationale<br \/>\nfor the opinion and conclusions.<br \/>\n(ASC 7.16.1)<\/p>\n<p>\u2022 In the process of collecting and<br \/>\nverifying relevant information,<br \/>\nthe appraiser must perform this<br \/>\nfunction in a manner consistent<br \/>\nwith \u2018Reasonable Appraiser\u2019<br \/>\nstandards. (ASC 7.16.2)<\/p>\n<p>So, how does the issue of owner\/client-<br \/>\nsupplied information relate to the scope<br \/>\nof an appraisal report? Referring to<br \/>\nASC 7.5.2, we know that the opinions\/<br \/>\nconclusions in an appraisal must be<br \/>\ncredible and that an appraiser has a<br \/>\nburden of proof to support the level<br \/>\nof information included in a report.<br \/>\nTherefore, it follows that, if an appraiser<br \/>\nmakes a decision to rely on owner\/client-<br \/>\nsupplied information, this information<br \/>\nmust result in opinions\/conclusions that<br \/>\nare credible and that the appraiser must<br \/>\nbe able to support his or her decision to<br \/>\nrely on this information.<\/p>\n<p>With the requirements of CUSPAP<br \/>\nin mind, is it possible for an appraiser<br \/>\nto rely on owner\/client-supplied <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201636 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-English<\/p>\n<p>PROFESSIONAL PRACTICE MATTERS<\/p>\n<p>information and still produce an<br \/>\nappraisal where the opinions\/conclusions<br \/>\nare credible? I believe the answer is<br \/>\ncertainly, but remember the onus is on<br \/>\nthe appraiser (acting in the manner of a<br \/>\n\u2018Reasonable Appraiser\u2019) to support his or<br \/>\nher decision to rely on this information. <\/p>\n<p>According to the 2014 edition of<br \/>\nCUSPAP, a \u2018Reasonable Appraiser\u2019 is<br \/>\ndefined as: <\/p>\n<p>\u2026an appraiser who provides<br \/>\nappraisal, review, consulting and<br \/>\nreserve fund planning services<br \/>\nwithin an acceptable standard of<br \/>\nskill and expertise, and based on<br \/>\nrational assumptions.<\/p>\n<p>Therefore, what are some of the best<br \/>\npractices that a \u2018Reasonable Appraiser\u2019<br \/>\ncould employ to ensure that the owner\/<br \/>\nclient-supplied information will produce<br \/>\nan appraisal where the opinions\/<br \/>\nconclusions are credible? The most<br \/>\nobvious one would be the application of<br \/>\ndue diligence in the form of independent<br \/>\nverification of at least a sample of the<br \/>\ninformation that is supplied by the<br \/>\nowner or the client. For example, if<br \/>\nthe owner has provided a rent roll, the<br \/>\nappraiser could verify the rents paid by<br \/>\ninterviewing the lessees\/tenants during<br \/>\nthe inspection of the property. Further,<br \/>\nif the owner has provided a summary<br \/>\nof expenses incurred in the operation of<br \/>\nthe property, the appraiser could verify<br \/>\nthe expenses at source, e.g., check the<br \/>\ncost of the electricity consumed over a<br \/>\nyear with the local utility. Note that the<br \/>\nappraiser may require the owner\u2019s written<br \/>\npermission to access such records.<\/p>\n<p> In summary, it may be perfectly<br \/>\nacceptable for an appraiser to rely on<br \/>\nowner\/client-supplied information in the<br \/>\nprocess of preparing an appraisal\/review\/<br \/>\nconsulting\/reserve fund study report.<br \/>\nHowever, it is important for the appraiser<br \/>\nto proceed with caution and apply due<br \/>\ndiligence when it is appropriate. Also,<br \/>\nthe reader needs to be clearly informed<br \/>\nof what the appraiser did or did not<br \/>\ndo (or was not able to do) in relation<br \/>\nto the verification of owner\/client-<br \/>\nsupplied information. Remember, it is<br \/>\nmandatory for an appraiser to produce <\/p>\n<p>a report where the opinions\/conclusions<br \/>\nare credible and the appraiser must be<br \/>\nprepared to support his or her decision<br \/>\nto rely on any owner\/client-supplied<br \/>\ninformation. Members of the AIC may<br \/>\nalso wish to refer to the Professional<br \/>\nExcellence Bulletin found at: http:\/\/www.<br \/>\naicanada.ca\/wp-content\/uploads\/PEB-<br \/>\nData-verification-EN.pdf <\/p>\n<p>Contributor:<br \/>\nDavid Babineau, AACI, P. App., Fellow<\/p>\n<p>Time to re-visit our<br \/>\nmeasuring practices<\/p>\n<p>While not the sole determinant of<br \/>\nvalue, the liveable floor area (LFA)<br \/>\nsquare footage of a residential home is<br \/>\nan integral part of value. Often, I have<br \/>\nheard members say, \u201cwhy measure\u201d<br \/>\nwhen I have the LFA as reported on<br \/>\nMLS or the municipal figure? Well, if<br \/>\nthose figures are incorrect and the<br \/>\nappraiser did not at least try to verify the<br \/>\nsize by obtaining a Building Location<br \/>\nSurveyor\u2019s Certificate or performing<br \/>\nsome form of onsite measuring, he or<br \/>\nshe will be held accountable for an error<br \/>\nsomeone else made. <\/p>\n<p>Here is an example. A municipality<br \/>\nquoted a home as being 1,236 square feet<br \/>\nin size. That size was relied upon by the<br \/>\nRealtor on MLS. While appraising the<br \/>\nhome for financing, the AIC member<br \/>\nhand-measured the home and found it<br \/>\nto be 1,018 square feet. This was then<br \/>\nconfirmed by a Surveyor\u2019s Building<br \/>\nLocation Certificate and a second visit<br \/>\nto the property to be 100% certain.<br \/>\nThe member advised his client about<br \/>\nthe discrepancy and the client alerted<br \/>\nthe purchaser and agents involved. The<br \/>\npurchasers waited for the conclusion<br \/>\nof the appraisal before deciding how to<br \/>\nproceed. Had the member relied on the<br \/>\nMLS and municipal data, the member<br \/>\nwould have erred by 21.4% in the<br \/>\nreporting of the liveable floor area.<\/p>\n<p>In another recent case, a member<br \/>\nsolely relied on the LFA reported by a<br \/>\nRealtor for an apartment condominium. <\/p>\n<p>The Realtor and the assessing body<br \/>\ndiffered by 10%, with the latter<br \/>\nbeing lower, but still not correct.<br \/>\nThe registered condominium plan<br \/>\nindicated that the true LFA, as per the<br \/>\ncondominium declaration, was, in fact,<br \/>\n20% lower. The Realtor thought he<br \/>\nhad used proper measuring guidelines.<br \/>\nThe assessing body confirmed that they<br \/>\nhad not been able to inspect the unit<br \/>\nand had made some assumption in<br \/>\ntheir calculations. No attempt had been<br \/>\nmade by the member to either measure<br \/>\nthe unit or obtain the condo plan. If the<br \/>\nerror had not been discovered, a serious<br \/>\nover-valuation could have resulted.<\/p>\n<p>Members are advised to pay<br \/>\nparticular attention to condominium<br \/>\nproperty, since measuring practices<br \/>\ncan vary from province to province<br \/>\n(or territory) and sometimes from<br \/>\nproject to project.<\/p>\n<p>Appraisers are retained to provide<br \/>\ntheir professional estimate of market<br \/>\nvalue by relying on a professional<br \/>\nassembly of the facts. It is incumbent<br \/>\non appraisers to confirm what is being<br \/>\nreported. Sometimes, it is not easy<br \/>\nto measure contemporary designed<br \/>\nhomes from the exterior.  Appraisers<br \/>\nshould at least try to verify LFA<br \/>\nby measuring the footprint of the<br \/>\nbuilding, measuring the upper floors<br \/>\nof the interior, or obtaining a building<br \/>\nlocation certificate or a set of blueprints.<br \/>\nThere are many devices available that a<br \/>\nmember can use to measure (the trusty<br \/>\n50- or 100-foot measuring tape, laser<br \/>\ndevices, etc.). It is also important for<br \/>\nthe appraiser to disclose what he or she<br \/>\nwas or was not able to verify, to state<br \/>\nthe source of what was relied upon, and<br \/>\nto invoke all relevant assumptions and<br \/>\nlimiting conditions.<\/p>\n<p>Depending on the type of real estate<br \/>\nbeing valued, the appraiser should be<br \/>\nvery familiar with AIC guidelines. AIC<br \/>\nhas extensive advice on measurement<br \/>\nin the Member\u2019s section of its website<br \/>\nat: http:\/\/www.aicanada.ca\/professional-<br \/>\npractice\/measurement-practices\/ Members<br \/>\ncan also refer to the BOMA guidelines<br \/>\nfor non-residential properties.<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 37Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.aicanada.ca\/wp-content\/uploads\/PEB-Data-verification-EN.pdf<br \/>\nhttp:\/\/www.aicanada.ca\/professional-practice\/measurement-practices\/<br \/>\nhttp:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-English<\/p>\n<p>PROFESSIONAL PRACTICE MATTERS<\/p>\n<p>One cannot go wrong by carrying<br \/>\nout some form of onsite measuring.<br \/>\nThis little bit of added time today could<br \/>\nsave an appraiser countless hours of<br \/>\ntime in the future, if his or her report<br \/>\nwere ever called into question.  <\/p>\n<p>CUSPAP2 linkages:<br \/>\nAppraisal Standard Rule 6.2.9 \u2013 In<br \/>\nthe report, the member must identify<br \/>\nthe location and characteristics of the<br \/>\nproperty and the interest appraised. <\/p>\n<p>Appraisal Standards Comment<br \/>\n7.5.2 \u2013 The scope of work applied must<br \/>\nbe sufficient to result in opinions\/<br \/>\nconclusions that are credible in the<br \/>\ncontext of the intended use of the<br \/>\nappraisal. The appraiser has the burden<br \/>\nof proof to support the scope of work<br \/>\ndecision and the level of information<br \/>\nincluded in a report.<\/p>\n<p>Appraisal Standards Comment<br \/>\n7.10.1 \u2013 Characteristics of the Property<br \/>\n[see 6.2.9, 14.20, 14.28] \u2013 Relevant to<br \/>\nthe purpose and intended use of the<br \/>\nreport, characteristics of the property<br \/>\nmust be analyzed and included in the<br \/>\nreport, including but not limited to<br \/>\nphysical, legal and economic attributes.<\/p>\n<p>Members are reminded that, under<br \/>\nEthics Standard Rule 4.2.3, it is<br \/>\nunethical for a member to knowingly<br \/>\nact in a manner that is misleading<br \/>\n(and Comments 5.3.1\/5.3.3).<\/p>\n<p>Contributor:<br \/>\nGordon Tomiuk, AACI, P. App., Fellow<\/p>\n<p>Prospective<br \/>\nvalue \u2013 or not?<\/p>\n<p>Some members struggle with the<br \/>\nconcept of when their valuations<br \/>\nshould be labeled as \u2018prospective\u2019<br \/>\nestimates. Most often, this relates to<br \/>\nnew construction, where the value<br \/>\nbeing sought is \u2018as-if-complete.\u2019<br \/>\nBy introducing the Extraordinary<br \/>\nAssumption (i.e., that construction is<br \/>\ncomplete), some members interpret<br \/>\nthis as providing a prospective value.<br \/>\nThat is not usually the case.<\/p>\n<p>Discussion of this concept is found<br \/>\nin Appraisal Standard Comment (ASC)<br \/>\n7.63 of CUSPAP 20143. A Prospective<br \/>\nValue Opinion:<\/p>\n<p>\u201crefers to an effective date<br \/>\nfollowing the date of the report; it<br \/>\nis a forecast\u2026.. Prospective value<br \/>\nopinions are intended to reflect<br \/>\nthe current perceptions of market<br \/>\nparticipants as to the future.\u201d<\/p>\n<p>When an assignment requires an<br \/>\nExtraordinary Assumption that the<br \/>\nproperty is complete, it should treat<br \/>\nthe property as if it exists at the time of<br \/>\nanalysis. Just like an existing property,<br \/>\nthe analysis reflects a snapshot of<br \/>\nthe market today, using recent sales<br \/>\nto formulate the value opinion. The<br \/>\nappraiser should think of it as being the<br \/>\nsame as inspecting a property \u2013 only<br \/>\nthat an understanding of the property<br \/>\nis being assembled from blueprints and<br \/>\nspecifications. The assumption is that<br \/>\nthe property exists today, and it is being<br \/>\nvalued today.<\/p>\n<p>This does not usually require a<br \/>\nforecast of changes in the market over<br \/>\nthe course of the construction process.<br \/>\nA prospective value does require such<br \/>\na forecast, and thus the reference to a<br \/>\nfuture \u2018effective\u2019 date.<\/p>\n<p>Prospective values can be required<br \/>\nfor projects that will take a period of<br \/>\nmonths or even years in order for the<br \/>\ncircumstances to arise for which the<br \/>\nappraiser is making the forecast. For<br \/>\nexample, a project such as an assisted<br \/>\nliving seniors\u2019 complex might be valued<br \/>\n\u2018as of the date of stabilized occupancy.\u2019<br \/>\nIf the task of the appraiser is to value<br \/>\nthe property as of that future effective<br \/>\ndate, then the likely changes in the<br \/>\nmarket must be analyzed and their<br \/>\neffects incorporated into the analysis.<br \/>\nIt is distinct from the premise that the<br \/>\nproperty exists, as of the effective date,<br \/>\nand thus is subject to known market<br \/>\nconditions at the date of analysis.<\/p>\n<p>The requirement for a Prospective<br \/>\nValue is a scope of work issue and should<br \/>\nbe discussed with the client, (or the<br \/>\nintended user, if appropriate and with<br \/>\nthe client\u2019s consent) so that it is clearly <\/p>\n<p>understood the analysis will account for<br \/>\nexpected changes in market conditions.<br \/>\nGetting back to ASC 7.63, this must be<br \/>\nmade clear in the report:<\/p>\n<p>\u201cThe use of clear language<br \/>\nand consistent terminology<br \/>\n in a prospective report<br \/>\n(i.e., future tense throughout)<br \/>\nis necessary for the reader not<br \/>\nto be misled\u2026\u201d<\/p>\n<p>As a side note, appraisals \u2018as-if-<br \/>\ncomplete\u2019 usually require introduction<br \/>\nof both Extraordinary Assumptions<br \/>\nand a Hypothetical Condition. The<br \/>\nExtraordinary Assumption covers<br \/>\nthe physical side of the assignment<br \/>\n\u2013 issues like the size of the building,<br \/>\nthe quality of construction and the<br \/>\ntype and quality of finish. These are<br \/>\nusually matters that are defined in<br \/>\nthe blueprints and specifications.<br \/>\nThe Hypothetical Condition is in<br \/>\nassuming the building exists, when<br \/>\nit is known to vary from fact (i.e.,<br \/>\nthe house does not yet exist), and is<br \/>\nintroduced strictly for purposes of<br \/>\n\u2018reasonable\u2019 analysis. To put this in<br \/>\nperspective, think of a situation where<br \/>\nthe proposed building is never built.<br \/>\nThis does not make the report wrong<br \/>\nor misleading \u2013 however, members<br \/>\nshould be aware that, technically,<br \/>\nthey invoke both Extraordinary<br \/>\nAssumptions and Hypothetical<br \/>\nConditions in completing this type of<br \/>\nwork, and should explain to the reader<br \/>\nthat both elements are incorporated in<br \/>\ntheir opinion(s).<\/p>\n<p>Contributor:<br \/>\nD. Allan Beatty, AACI, P. App., Fellow<\/p>\n<p>End notes<br \/>\n1 At time of writing, CUSPAP 2014 <\/p>\n<p>was still in effect. Members are<br \/>\nreminded to refer to CUSPAP<br \/>\n2016 for the complete list of<br \/>\nprofessional services and the<br \/>\nmandatory requirements for any<br \/>\nassignment completed on or after<br \/>\nMay 1, 2016. <\/p>\n<p>2 Ibid.<br \/>\n3 Ibid. <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201638 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-English<\/p>\n<p>PARLONS PRATIQUE PROFESSIONNELLE<\/p>\n<p>PRATIQUES EXEMPLAIRES \u2013<br \/>\nEXEMPLES SUR LE TERRAIN<\/p>\n<p>UNE COL L A BOR AT ION DE S MEMBRE S B\u00c9N\u00c9 V OL E S DU S OUS -COMI T \u00c9 D\u2019A PPEL : <\/p>\n<p>DAVID BABINEAU, AACI,  P.APP, FELLOW; GORDON TOMIUK, AACI,  P.APP, FELLOW;<br \/>\nD.  ALLAN BEATTY,  AACI,  P.APP, FELLOW; ROBERT ROBSON, AACI,  P.APP, FELLOW; <\/p>\n<p>PETER LAWREK, P.APP; JOHN SHEVCHUK, AACI (HON)<\/p>\n<p>Renseignements fournis<br \/>\npar le propri\u00e9taire :<br \/>\nrester sur ses gardes<\/p>\n<p>Dans le cadre des services qu\u2019ils fournissent<br \/>\n(\u00e9valuation, examen, consultation et<br \/>\n\u00e9tudes de fonds de r\u00e9serve), les membres de<br \/>\nl\u2019Institut canadien des \u00e9valuateurs (ICE)<br \/>\ndoivent souvent se fier aux renseignements<br \/>\ndonn\u00e9s par les propri\u00e9taires (ou les<br \/>\nrenseignements donn\u00e9s par le client si celui-ci<br \/>\nn\u2019est pas le propri\u00e9taire). Ces renseignements<br \/>\nportent g\u00e9n\u00e9ralement sur la propri\u00e9t\u00e9 en<br \/>\ncause, notamment un r\u00e9sum\u00e9 des revenus<br \/>\nde location, des frais, des am\u00e9liorations<br \/>\napport\u00e9es, etc. Ces types de renseignements<br \/>\npeuvent \u00eatre fournis verbalement ou par<br \/>\n\u00e9crit. L\u2019utilisation des renseignements fournis<br \/>\npar le propri\u00e9taire ou le client pose-t-elle<br \/>\nprobl\u00e8me? La r\u00e9ponse \u00e0 cette question,<br \/>\ncomme \u00e0 celles portant sur les enjeux des<br \/>\nservices li\u00e9s \u00e0 l\u2019\u00e9valuation, se r\u00e9sume \u00e0<br \/>\n\u00ab peut-\u00eatre \u00bb ou \u00ab cela d\u00e9pend \u00bb.<\/p>\n<p>En nous reportant aux r\u00e8gles relatives<br \/>\naux activit\u00e9s d\u2019\u00e9valuation (R\u00e8gle) \u00e9nonc\u00e9es<br \/>\ndans l\u2019\u00e9dition de 20141 des Normes<br \/>\nuniformes de pratique professionnelle en<br \/>\nmati\u00e8re d\u2019 \u00e9valuation au Canada (NUPPEC),<br \/>\nnous comprenons que dans un rapport<br \/>\nd\u2019\u00e9valuation, un \u00e9valuateur doit d\u00e9terminer<br \/>\n\u00ab l\u2019envergure des travaux requis pour r\u00e9aliser<br \/>\nle contrat de service \u00bb (R\u00e8gle 6.2.4).<br \/>\nDans les commentaires relatifs \u00e0 la pratique,<br \/>\ncette r\u00e8gle est \u00e9nonc\u00e9e comme suit : <\/p>\n<p>\u2022 L\u2019envergure des travaux doit \u00eatre<br \/>\nsuffisamment large pour permettre <\/p>\n<p>l\u2019\u00e9tablissement d\u2019opinions\/<br \/>\nconclusions cr\u00e9dibles compte tenu de<br \/>\nl\u2019utilisation pr\u00e9vue de l\u2019\u00e9valuation.<br \/>\nIl incombe \u00e0 l\u2019\u00e9valuateur de justifier<br \/>\nla d\u00e9cision prise relativement \u00e0<br \/>\nl\u2019envergure des travaux et au niveau<br \/>\nde d\u00e9tail des informations comprises<br \/>\ndans son rapport. (R\u00e8gle 7.5.2) <\/p>\n<p>\u2022 L\u2019\u00e9valuateur doit prendre les mesures<br \/>\nraisonnables n\u00e9cessaires pour<br \/>\ns\u2019assurer que l\u2019information et les<br \/>\nanalyses fournies sont suffisantes<br \/>\npour permettre au client et aux<br \/>\nautres utilisateurs pr\u00e9vus de bien<br \/>\ncomprendre le fondement de ses<br \/>\nopinions et de ses conclusions.<br \/>\n(R\u00e8gle 7.16.1)<\/p>\n<p>\u2022 Lorsqu\u2019il recueille et v\u00e9rifie<br \/>\nles informations pertinentes,<br \/>\nl\u2019\u00e9valuateur doit le faire de fa\u00e7on<br \/>\nconforme \u00e0 la norme relative \u00e0<br \/>\n\u00ab l\u2019\u00e9valuateur raisonnable \u00bb.<br \/>\n(R\u00e8gle 7.16.2)<\/p>\n<p>Alors comment l\u2019enjeu des renseignements<br \/>\nfournis par le propri\u00e9taire\/client est-il li\u00e9<br \/>\n\u00e0 la port\u00e9e d\u2019un rapport d\u2019\u00e9valuation?<br \/>\nEn nous reportant \u00e0 la R\u00e8gle 7.5.2, nous<br \/>\ncomprenons que l\u2019\u00e9tablissement d\u2019opinions<br \/>\nou de conclusions dans une \u00e9valuation<br \/>\ndoit \u00eatre cr\u00e9dible et que le fardeau de<br \/>\nla preuve soutenant les informations<br \/>\nrevient \u00e0 l\u2019\u00e9valuateur. Par cons\u00e9quent,<br \/>\nsi un \u00e9valuateur prend une d\u00e9cision<br \/>\nen s\u2019appuyant sur les renseignements<br \/>\nfournis par le propri\u00e9taire ou le client, ces<br \/>\nrenseignements doivent provenir d\u2019un avis<br \/>\ncr\u00e9dible et l\u2019\u00e9valuateur doit \u00eatre en mesure <\/p>\n<p>de soutenir sa d\u00e9cision s\u2019il fait confiance aux<br \/>\ninformations obtenues.<\/p>\n<p>En gardant les exigences des NUPPEC<br \/>\n\u00e0 l\u2019esprit, est-il possible qu\u2019un \u00e9valuateur<br \/>\ns\u2019appuie sur les renseignements fournis par<br \/>\nun propri\u00e9taire ou un client pour \u00e9mettre<br \/>\ndes opinons et des conclusions cr\u00e9dibles?<br \/>\nJe crois que la r\u00e9ponse est \u00ab bien s\u00fbr \u00bb,<br \/>\nmais il faut se souvenir que, pour soutenir<br \/>\nsa d\u00e9cision de se fier aux informations<br \/>\nre\u00e7ues, le fardeau de la preuve repose sur<br \/>\nles \u00e9paules de l\u2019\u00e9valuateur (qui utilise les<br \/>\ncrit\u00e8res d\u2019un \u00ab \u00c9valuateur raisonnable \u00bb). <\/p>\n<p>Selon les NUPPEC publi\u00e9es en 2014, un<br \/>\n\u00ab \u00c9valuateur raisonnable \u00bb est d\u00e9fini comme : <\/p>\n<p>(\u2026) un \u00e9valuateur qui fournit des<br \/>\nservices d\u2019\u00e9valuation, d\u2019examen, de<br \/>\nconsultation et de planification du fonds<br \/>\nde r\u00e9serve fond\u00e9s sur des hypoth\u00e8ses<br \/>\nrationnelles et selon une expertise et une<br \/>\ncomp\u00e9tence acceptables.<\/p>\n<p>Alors, quelles sont les meilleures pratiques<br \/>\nd\u2019un \u00ab \u00e9valuateur raisonnable \u00bb pour<br \/>\ns\u2019assurer que les renseignements fournis<br \/>\npar le propri\u00e9taire\/client soutiendront des<br \/>\nopinions et des conclusions cr\u00e9dibles pour<br \/>\nune \u00e9valuation? La pratique la plus \u00e9vidente<br \/>\nconsiste \u00e0 utiliser une diligence raisonnable<br \/>\npar l\u2019interm\u00e9diaire d\u2019une v\u00e9rification<br \/>\nind\u00e9pendante sur un \u00e9chantillon des<br \/>\ninformations fournies par le propri\u00e9taire<br \/>\nou le client. Par exemple, si le propri\u00e9taire<br \/>\na fourni un registre des loyers, l\u2019\u00e9valuateur<br \/>\npeut v\u00e9rifier les loyers pay\u00e9s en interviewant<br \/>\nles locataires lors de l\u2019inspection de la<br \/>\npropri\u00e9t\u00e9. En outre, si le propri\u00e9taire a<br \/>\nfourni un r\u00e9sum\u00e9 des d\u00e9penses engag\u00e9es <\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 39Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-French<\/p>\n<p>PARLONS PRATIQUE PROFESSIONNELLE<\/p>\n<p>pour l\u2019exploitation de la propri\u00e9t\u00e9,<br \/>\nl\u2019\u00e9valuateur peut faire une v\u00e9rification \u00e0<br \/>\nla source de ces d\u00e9penses; il peut s\u2019assurer<br \/>\nde l\u2019exactitude des d\u00e9penses d\u2019\u00e9lectricit\u00e9<br \/>\nau cours d\u2019une ann\u00e9e avec le fournisseur<br \/>\nde ce service par exemple. Notez qu\u2019une<br \/>\nautorisation \u00e9crite du propri\u00e9taire peut \u00eatre<br \/>\nexig\u00e9e pour avoir acc\u00e8s \u00e0 ces documents.<\/p>\n<p>En r\u00e9sum\u00e9, l\u2019utilisation de<br \/>\nrenseignements fournis par le propri\u00e9taire<br \/>\nou le client peut \u00eatre parfaitement<br \/>\nacceptable pour la pr\u00e9paration d\u2019un<br \/>\nrapport portant sur l\u2019\u00e9valuation, l\u2019examen,<br \/>\nla consultation ou la planification du<br \/>\nfonds de r\u00e9serve. Toutefois, l\u2019\u00e9valuateur<br \/>\ndoit rester sur ses gardes et utiliser<br \/>\nune diligence raisonnable lorsque la<br \/>\nsituation l\u2019exige. Par ailleurs, le lecteur du<br \/>\nrapport doit \u00eatre clairement inform\u00e9 des<br \/>\nd\u00e9marches de l\u2019\u00e9valuateur (ce qu\u2019il a pu<br \/>\nfaire ou non) relativement \u00e0 la v\u00e9rification<br \/>\ndes renseignements fournis par le<br \/>\npropri\u00e9taire ou le client. Souvenez-vous<br \/>\nque l\u2019\u00e9valuateur a l\u2019obligation de produire<br \/>\nun rapport comportant des opinions et<br \/>\nconclusions qui sont cr\u00e9dibles et qu\u2019il<br \/>\ndoit se pr\u00e9parer \u00e0 soutenir ses d\u00e9cisions en<br \/>\nfonction des renseignements re\u00e7us par le<br \/>\npropri\u00e9taire ou le client. Les membres de<br \/>\nl\u2019ICE peuvent aussi consulter le Bulletin<br \/>\nd\u2019excellence professionnelle suivant : http:\/\/<br \/>\nwww.aicanada.ca\/wp-content\/uploads\/BEP-<br \/>\nV\u00e9rification-des-donn\u00e9es-FRE.pdf <\/p>\n<p>Contributeur :<br \/>\nDavid Babineau, AACI, P. App., Fellow<\/p>\n<p>Le temps est venu de<br \/>\nrevoir nos pratiques<br \/>\nde mesure<\/p>\n<p>Ce n\u2019est pas le seul facteur qui d\u00e9termine<br \/>\nla valeur, mais la surface habitable d\u2019une<br \/>\nr\u00e9sidence fait partie int\u00e9grante de sa<br \/>\nvaleur. J\u2019ai souvent entendu des membres<br \/>\naffirmer : \u00ab pourquoi mesurer, j\u2019ai obtenu<br \/>\nla taille de la surface habitable \u00e9tablie par<br \/>\nun service d\u2019inscriptions multiples et les<br \/>\ndonn\u00e9es municipales? \u00bb Et bien, si ces<br \/>\nchiffres sont inexacts et que l\u2019\u00e9valuateur<br \/>\nn\u2019a pas tent\u00e9 de v\u00e9rifier la taille de la<br \/>\nsurface habitable (d\u00e9marche minimale)<br \/>\nen obtenant un certificat de localisation <\/p>\n<p>produit par un arpenteur-g\u00e9om\u00e8tre ou en<br \/>\nprenant lui-m\u00eame les mesures sur place,<br \/>\nil sera tenu responsable des erreurs que les<br \/>\nautres auraient pu commettre. <\/p>\n<p>Voici un exemple. Une municipalit\u00e9<br \/>\na \u00e9tabli que la superficie d\u2019une maison<br \/>\n\u00e9tait de 1 236 pi2. Cette taille a \u00e9t\u00e9<br \/>\nfournie par un courtier immobilier par<br \/>\nl\u2019interm\u00e9diaire d\u2019un service d\u2019inscriptions<br \/>\nmultiples. Au cours de son \u00e9valuation<br \/>\nfinanci\u00e8re de la maison, un membre de<br \/>\nl\u2019ICE mesure la superficie de la maison<br \/>\net arrive \u00e0 une dimension de 1 018 pi2.<br \/>\nCette mesure est confirm\u00e9e par un<br \/>\ncertificat de localisation produit par un<br \/>\narpenteur-g\u00e9om\u00e8tre et une deuxi\u00e8me<br \/>\nvisite de la propri\u00e9t\u00e9 pour \u00eatre certain des<br \/>\nmesures \u00e0 100 %. Le membre informe<br \/>\nson client de cet \u00e9cart et celui-ci en avise<br \/>\nl\u2019acheteur et les agents immobiliers qui<br \/>\nsont en cause. Les acheteurs avaient d\u00e9cid\u00e9<br \/>\nd\u2019attendre les conclusions de l\u2019\u00e9valuation<br \/>\navant de se d\u00e9cider. Si le membre s\u2019\u00e9tait<br \/>\nfi\u00e9 uniquement au service d\u2019inscriptions<br \/>\nmultiples et aux donn\u00e9es municipales, il<br \/>\naurait commis une erreur de 21,4 % dans<br \/>\nson \u00e9valuation de la surface habitable.<\/p>\n<p>Dans un autre cas r\u00e9cent, un membre<br \/>\ns\u2019est fi\u00e9 uniquement \u00e0 la surface habitable<br \/>\nd\u2019une unit\u00e9 de condominium comme<br \/>\nelle avait \u00e9t\u00e9 d\u00e9termin\u00e9e par un courtier<br \/>\nimmobilier. La grandeur d\u00e9termin\u00e9e<br \/>\npar la partie qui a r\u00e9alis\u00e9 l\u2019\u00e9valuation est<br \/>\n10 % plus petite que celle d\u00e9finie par le<br \/>\ncourtier immobilier; il y a donc un \u00e9cart.<br \/>\nLes plans enregistr\u00e9s pour la copropri\u00e9t\u00e9<br \/>\nindiquent par ailleurs que la taille r\u00e9elle<br \/>\nde la surface habitable est en fait plus<br \/>\npetite de 20 %. Le courtier immobilier<br \/>\npensait avoir utilis\u00e9 les bonnes directives<br \/>\npour la mesure. La partie qui a r\u00e9alis\u00e9<br \/>\nl\u2019\u00e9valuation confirme qu\u2019elle n\u2019a pas \u00e9t\u00e9<br \/>\nen mesure d\u2019inspecter l\u2019unit\u00e9 en cause et<br \/>\nqu\u2019elle a \u00e9mis des hypoth\u00e8ses pour r\u00e9aliser<br \/>\nses calculs. Le membre n\u2019a jamais tent\u00e9<br \/>\nde mesurer lui-m\u00eame l\u2019unit\u00e9 ou d\u2019obtenir<br \/>\nles plans du b\u00e2timent. Si l\u2019erreur n\u2019avait<br \/>\npas \u00e9t\u00e9 mise en relief, une sur\u00e9valuation<br \/>\nimportante aurait pu se produire.<\/p>\n<p>Les membres doivent porter une<br \/>\nattention particuli\u00e8re aux copropri\u00e9t\u00e9s<br \/>\npuisque les pratiques entourant les mesures<br \/>\npeuvent varier d\u2019une province ou d\u2019un<br \/>\nterritoire \u00e0 l\u2019autre, voire d\u2019un projet \u00e0 l\u2019autre.<\/p>\n<p>Les services des \u00e9valuateurs<br \/>\nsont retenus pour leur estimation<br \/>\nprofessionnelle de la valeur du march\u00e9<br \/>\nen se fondant sur un ensemble de faits<br \/>\nqui doivent \u00eatre r\u00e9pertori\u00e9s de mani\u00e8re<br \/>\nprofessionnelle. Les \u00e9valuateurs sont<br \/>\nresponsables de confirmer les donn\u00e9es<br \/>\nenregistr\u00e9es. \u00c0 l\u2019occasion, la mesure de<br \/>\nmaisons au design contemporain est<br \/>\ndifficile \u00e0 \u00e9tablir \u00e0 partir de l\u2019ext\u00e9rieur.<br \/>\nLes \u00e9valuateurs doivent au moins faire<br \/>\nl\u2019effort n\u00e9cessaire pour essayer d\u2019\u00e9tablir la<br \/>\nsurface habitable en mesurant la superficie<br \/>\nde l\u2019immeuble au sol, en mesurant<br \/>\nles \u00e9tages sup\u00e9rieurs de l\u2019int\u00e9rieur ou<br \/>\nen tentant d\u2019obtenir un certificat de<br \/>\nlocalisation ou des copies des plans de<br \/>\nl\u2019\u00e9difice. Les membres peuvent utiliser<br \/>\ndes dispositifs de mesure, notamment les<br \/>\nrubans \u00e0 mesurer de 50 ou de 100 pieds<br \/>\n\u2013 tr\u00e8s fiables \u2013 et les appareils laser. La<br \/>\ndivulgation est par ailleurs un \u00e9l\u00e9ment<br \/>\nimportant pour un \u00e9valuateur : ce qu\u2019il a<br \/>\n\u00e9t\u00e9 en mesure de v\u00e9rifier ou non, la source<br \/>\ndes renseignements qu\u2019il a utilis\u00e9s, les<br \/>\nhypoth\u00e8ses pertinentes qu\u2019il a faites et les<br \/>\nlimites auxquelles il a d\u00fb faire face.<\/p>\n<p>L\u2019\u00e9valuateur doit conna\u00eetre les lignes<br \/>\ndirectrices de l\u2019ICE qui sont en vigueur<br \/>\npour le type d\u2019\u00e9difice dont il \u00e9tablit la<br \/>\nvaleur. L\u2019ICE propose d\u2019ailleurs une<br \/>\ngrande gamme de conseils portant sur les<br \/>\nmesures dans la section de son site Web<br \/>\nr\u00e9serv\u00e9e aux membres, sur la page http:\/\/<br \/>\nwww.aicanada.ca\/fr\/professional-practice\/<br \/>\nmeasurement-practices\/. Les membres<br \/>\npeuvent aussi se reporter aux directives<br \/>\nde BOMA pour les propri\u00e9t\u00e9s non<br \/>\nr\u00e9sidentielles.<\/p>\n<p>On ne peut se tromper lorsqu\u2019on fait<br \/>\nl\u2019effort de prendre les mesures sur place.<br \/>\nCe petit effort suppl\u00e9mentaire pourra<br \/>\n\u00e9ventuellement vous faire gagner de<br \/>\npr\u00e9cieuses heures si jamais votre rapport<br \/>\nest remis en question.<\/p>\n<p>Liens aux NUPPEC2 :<br \/>\nNorme relative aux activit\u00e9s d\u2019\u00e9valuation<br \/>\n\u2013 R\u00e8gle 6.2.9 \u2013 Dans le rapport, le<br \/>\nmembre doit indiquer l\u2019emplacement et<br \/>\nles caract\u00e9ristiques du bien immobilier<br \/>\nou de l\u2019int\u00e9r\u00eat \u00e9valu\u00e9. <\/p>\n<p>Norme relative aux activit\u00e9s<br \/>\nd\u2019\u00e9valuation \u2013 R\u00e8gle  7.5.2 \u2013 L\u2019envergure <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201640 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.aicanada.ca\/wp-content\/uploads\/BEP-V\ufffdrification-des-donn\ufffdes-FRE.pdf<br \/>\nhttps:\/\/www.aicanada.ca\/fr\/professional-practice\/measurement-practices\/<br \/>\nhttp:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-French<\/p>\n<p>PARLONS PRATIQUE PROFESSIONNELLE<\/p>\n<p>des travaux doit \u00eatre suffisamment<br \/>\nlarge pour permettre l\u2019\u00e9tablissement<br \/>\nd\u2019opinions et de conclusions cr\u00e9dibles<br \/>\ncompte tenu de l\u2019utilisation pr\u00e9vue de<br \/>\nl\u2019\u00e9valuation. Il incombe \u00e0 l\u2019\u00e9valuateur de<br \/>\njustifier la d\u00e9cision prise relativement \u00e0<br \/>\nl\u2019envergure des travaux et la profondeur des<br \/>\ninformations comprises dans son rapport.<\/p>\n<p>Norme relative aux activit\u00e9s<br \/>\nd\u2019\u00e9valuation \u2013 Commentaire  7.10.1 \u2013<br \/>\nCaract\u00e9ristiques du bien immobilier<br \/>\n[v. 6.2.9, 14.20, 14.28] \u2013 Pour l\u2019utilisation<br \/>\npr\u00e9vue du rapport, les caract\u00e9ristiques du<br \/>\nbien immobilier doivent \u00eatre analys\u00e9es et<br \/>\nmentionn\u00e9es dans le rapport; notamment,<br \/>\nmais sans s\u2019y limiter, les caract\u00e9ristiques<br \/>\nphysiques, les aspects l\u00e9gaux et les<br \/>\nattributs \u00e9conomiques.<\/p>\n<p>J\u2019aimerais rappeler aux membres qu\u2019en<br \/>\nvertu de la r\u00e8gle normalis\u00e9e d\u2019\u00e9thique<br \/>\n4.2.3, il est contraire \u00e0 l\u2019\u00e9thique<br \/>\nprofessionnelle d\u2019un membre d\u2019agir<br \/>\nsciemment de fa\u00e7on trompeuse (et en<br \/>\nvertu des commentaires 5.3.1 \u00e0 5.3.3).<\/p>\n<p>Contributeur :<br \/>\nGordon Tomiuk, AACI, P. App., Fellow<\/p>\n<p>Valeur prospective<br \/>\nou non?<\/p>\n<p>Certains membres \u00e9prouvent des difficult\u00e9s<br \/>\navec ce concept : \u00e0 quel moment leur<br \/>\n\u00e9valuation doit-elle \u00eatre consid\u00e9r\u00e9e comme<br \/>\n\u00ab prospective \u00bb? Le plus souvent, la<br \/>\nconfusion survient lors de l\u2019\u00e9valuation d\u2019une<br \/>\nnouvelle construction, dans les cas o\u00f9 la<br \/>\nvaleur de l\u2019\u00e9difice doit \u00eatre \u00e9tablie \u00ab comme<br \/>\nsi compl\u00e9t\u00e9 \u00bb. En pr\u00e9sentant une \u00ab hypoth\u00e8se<br \/>\nextraordinaire \u00bb (c.-\u00e0-d. l\u2019hypoth\u00e8se que<br \/>\nla construction est termin\u00e9e), certains<br \/>\nmembres ont l\u2019impression de fournir une<br \/>\nvaleur prospective; de mani\u00e8re g\u00e9n\u00e9rale,<br \/>\nce n\u2019est pas le cas.<\/p>\n<p>On peut trouver des informations sur<br \/>\nce concept \u00e0 la R\u00e8gle 7.63 des NUPPEC de<br \/>\n20143. L\u2019opinion sur la valeur prospective :<\/p>\n<p>\u00ab se rapporte \u00e0 une date r\u00e9elle<br \/>\npost\u00e9rieure \u00e0 la date du rapport :<br \/>\nil s\u2019agit donc d\u2019une pr\u00e9vision (\u2026).<br \/>\nLes opinions sur la valeur prospective<br \/>\nont pour objectif de repr\u00e9senter l\u2019opinion<br \/>\nactuelle des intervenants du march\u00e9 <\/p>\n<p>immobilier quant aux conditions qui<br \/>\npr\u00e9vaudront dans l\u2019avenir. \u00bb<\/p>\n<p>Lorsqu\u2019un travail exige l\u2019\u00e9tablissement<br \/>\nde l\u2019hypoth\u00e8se extraordinaire que la<br \/>\nconstruction d\u2019une propri\u00e9t\u00e9 est termin\u00e9e,<br \/>\nla propri\u00e9t\u00e9 doit \u00eatre trait\u00e9e comme si<br \/>\nelle existait au moment de l\u2019analyse.<br \/>\nComme pour toute propri\u00e9t\u00e9 termin\u00e9e,<br \/>\nl\u2019analyse doit pr\u00e9senter le portrait du<br \/>\nmarch\u00e9 actuel en se fondant sur les ventes<br \/>\nr\u00e9centes pour formuler une opinion sur sa<br \/>\nvaleur. L\u2019\u00e9valuateur doit faire son travail<br \/>\ncomme s\u2019il inspectait une propri\u00e9t\u00e9 r\u00e9elle,<br \/>\n\u00e0 la diff\u00e9rence que son \u00e9valuation doit se<br \/>\nfaire \u00e0 partir d\u2019un ensemble de plans et<br \/>\nde sp\u00e9cifications. L\u2019hypoth\u00e8se est que la<br \/>\npropri\u00e9t\u00e9 est d\u00e9j\u00e0 termin\u00e9e et qu\u2019elle est<br \/>\n\u00e9valu\u00e9e maintenant.<\/p>\n<p>Habituellement, cette d\u00e9marche<br \/>\nne tient pas compte des conditions du<br \/>\nmarch\u00e9 qui se d\u00e9velopperont pendant la<br \/>\np\u00e9riode de construction. L\u2019\u00e9tablissement<br \/>\nd\u2019une valeur prospective exige ce type de<br \/>\npr\u00e9visions; elle est donc \u00e9tablie pour une<br \/>\ndate ult\u00e9rieure.<\/p>\n<p>Des valeurs prospectives peuvent<br \/>\n\u00eatre demand\u00e9es pour des projets qui<br \/>\ns\u2019\u00e9chelonnent sur plusieurs mois ou<br \/>\nplusieurs ann\u00e9es en tenant compte des<br \/>\nconditions susceptibles de se pr\u00e9senter<br \/>\npour l\u2019avenir. Par exemple, un projet<br \/>\npour la construction d\u2019un complexe<br \/>\nd\u2019h\u00e9bergement pour personnes \u00e2g\u00e9es<br \/>\npourrait \u00eatre \u00e9valu\u00e9 en fonction du<br \/>\nmoment o\u00f9 le taux d\u2019occupation du<br \/>\ncomplexe deviendrait stable. Si la t\u00e2che<br \/>\nde l\u2019\u00e9valuateur est d\u2019\u00e9tablir la valeur<br \/>\nde la propri\u00e9t\u00e9 \u00e0 partir de cette date<br \/>\nult\u00e9rieure, alors il doit le faire en fonction<br \/>\ndes changements susceptibles de survenir<br \/>\ndans le march\u00e9 et les r\u00e9sultats de ces<br \/>\nchangements doivent \u00eatre int\u00e9gr\u00e9s dans<br \/>\nson analyse. La pr\u00e9misse est diff\u00e9rente de<br \/>\nla th\u00e9orie voulant que la propri\u00e9t\u00e9 existe<br \/>\nr\u00e9ellement \u00e0 la date de l\u2019\u00e9valuation et<br \/>\nqu\u2019elle est donc soumise aux conditions de<br \/>\nmarch\u00e9 connues \u00e0 cette date.<\/p>\n<p>La port\u00e9e du travail en cause pour<br \/>\nl\u2019\u00e9tablissement d\u2019une valeur prospective<br \/>\ndoit faire l\u2019objet de discussions avec le<br \/>\nclient (ou avec l\u2019utilisateur pr\u00e9vu, le<br \/>\ncas \u00e9ch\u00e9ant, et avec le consentement<br \/>\ndu client). De cette mani\u00e8re, toutes<br \/>\nles parties comprennent que l\u2019analyse <\/p>\n<p>tient compte des changements pouvant<br \/>\nsurvenir dans les conditions du march\u00e9.<br \/>\nEn se reportant de nouveau \u00e0 la R\u00e8gle<br \/>\n7.63, on comprend que cet \u00e9l\u00e9ment doit<br \/>\n\u00eatre clair dans le rapport : <\/p>\n<p>\u00ab Dans un rapport sur la valeur<br \/>\nprospective, il faut utiliser un langage<br \/>\nclair et une terminologie uniforme<br \/>\n(c.-\u00e0-d. l\u2019utilisation du futur dans<br \/>\nl\u2019ensemble du rapport), afin de ne pas<br \/>\ninduire le lecteur en erreur (\u2026) \u00bb<\/p>\n<p>Avis compl\u00e9mentaire : les \u00e9valuations<br \/>\n\u00ab comme si compl\u00e9t\u00e9 \u00bb exigent<br \/>\nhabituellement l\u2019\u00e9tablissement d\u2019une<br \/>\nhypoth\u00e8se extraordinaire d\u2019une condition<br \/>\nhypoth\u00e9tique. L\u2019hypoth\u00e8se extraordinaire<br \/>\nenglobe l\u2019aspect physique de la t\u00e2che \u2013<br \/>\nles enjeux comme la taille de l\u2019\u00e9difice,<br \/>\nla qualit\u00e9 de la construction et le type<br \/>\net la qualit\u00e9 de la finition. La source de<br \/>\nces \u00e9l\u00e9ments provient g\u00e9n\u00e9ralement des<br \/>\nplans et sp\u00e9cifications. La condition<br \/>\nhypoth\u00e9tique tient pour acquis que<br \/>\nl\u2019\u00e9difice existe, bien qu\u2019il soit \u00e9vident<br \/>\nque ce n\u2019est pas vraiment le cas (\u00e0 savoir<br \/>\nque l\u2019\u00e9difice n\u2019existe pas encore); cette<br \/>\ncondition est pr\u00e9sent\u00e9e pour des raisons<br \/>\nd\u2019analyse \u00ab raisonnable \u00bb uniquement.<br \/>\nPour donner un peu plus de perspective<br \/>\n\u00e0 tout ceci, pensez \u00e0 une situation o\u00f9<br \/>\nl\u2019\u00e9difice n\u2019est jamais construit. Cette<br \/>\nsituation ne rend pas le rapport trompeur<br \/>\nou erron\u00e9. Toutefois, les membres doivent<br \/>\ncomprendre que, techniquement, ils<br \/>\npr\u00e9sentent des hypoth\u00e8ses extraordinaires<br \/>\net des conditions hypoth\u00e9tiques; le lecteur<br \/>\ndu rapport doit comprendre clairement<br \/>\nque ces deux \u00e9l\u00e9ments ont un r\u00f4le \u00e0 jouer<br \/>\ndans l\u2019opinion qu\u2019ils se font.<\/p>\n<p>Contributeur :<br \/>\nD. Allan Beatty, AACI, P. App., Fellow<\/p>\n<p>Notes de fin de document<br \/>\n1 Au moment de r\u00e9diger cette <\/p>\n<p>publication, les NUPPEC de 2014<br \/>\n\u00e9taient toujours en vigueur. On rappelle<br \/>\naux membres qu\u2019ils doivent se reporter<br \/>\naux NUPPEC de 2016 pour la liste<br \/>\ncompl\u00e8te des services professionnelles<br \/>\net pour les exigences pour les travaux<br \/>\nachev\u00e9s \u00e0 partir du 1er mai 2016. <\/p>\n<p>2 Idem.<br \/>\n3 Idem. <\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 41Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/Best-Practices-From-Field-Bk2-2016-French<\/p>\n<p>ADVOCACY<\/p>\n<p>ADVOCACY IN ACTION<\/p>\n<p>T he Appraisal Institute of Canada (AIC) has been very active over the last few months meeting with<br \/>\ngovernment, real estate and lending<br \/>\nindustry stakeholders. Since the federal<br \/>\nelection, AIC has been focusing its<br \/>\nattention on educating key members<br \/>\nwithin the 42nd Parliament, especially<br \/>\nthose on the national finance<br \/>\ncommittee, about the important role<br \/>\nthat valuation plays in the stability of<br \/>\nthe lending system.  <\/p>\n<p>To make this point more tangible,<br \/>\nAIC is sharing the number of<br \/>\nappraisals our members completed for<br \/>\nthird-party clients based on our recent<br \/>\ninsurance renewal questionnaire.<\/p>\n<p>This research revealed that, in 2015,<br \/>\nAIC fee-members completed 1,186,356<br \/>\nappraisals for third-party clients:<\/p>\n<p>\u2022 974, 851 residential appraisals<br \/>\n(up 37% from 2014)<\/p>\n<p>\u2022 211, 265 commercial appraisals<br \/>\n(up 19.4% from 2014)<\/p>\n<p>Those appraisals totaled more than<br \/>\n$1 Trillion ($1,098,909,250,000) in<br \/>\nproperty value for third-party clients: <\/p>\n<p>\u2022 $568,062,230,400 residential\u00a0<br \/>\n\u2022 $529,582,519,600 commercial<\/p>\n<p>These numbers are significant and are<br \/>\npart of a great story to tell about how<br \/>\nappraisal services are in demand, how<br \/>\nthey help to mitigate lending risk,<br \/>\nand how they help property owners<br \/>\nand investors make more informed<br \/>\ndecisions. AIC will continue to<br \/>\nemphasize the message that quality<br \/>\nappraisals are fundamental to a healthy<br \/>\nfinancial system.<\/p>\n<p>New opportunities<br \/>\npresented in the 2016 Budget<br \/>\nAIC was pleased to be invited to the 2016<br \/>\nStakeholder Lock-up before the launch of<br \/>\nthe 2016 Federal Budget. This opportunity<br \/>\nprovided a behind-the-scenes look into the<br \/>\nnumber of stakeholders vying for the federal<br \/>\ngovernment\u2019s attention and a \u2018piece of the<br \/>\nfunding pie.\u2019  <\/p>\n<p>As predicted, Honourable Minister<br \/>\nMorneau and the federal government<br \/>\ndelivered a budget that is focused on<br \/>\ndelivering their campaign promises \u2013<br \/>\nstrengthening the middle class and making<br \/>\nsignificant investments in infrastructure, First<br \/>\nNation communities and a green economy.<\/p>\n<p>The $120 Billion that will be spent<br \/>\non infrastructure will present some new<br \/>\nopportunities for members who provide<br \/>\nexpropriation, right of way and other<br \/>\nappraisal and consulting services to public<br \/>\nand private sectors.<\/p>\n<p>There are also a few opportunities from<br \/>\nan advocacy perspective. For example:<\/p>\n<p>\u2022 AIC will be leveraging the opportunity<br \/>\nto be part of the consultations during<br \/>\nthe review of the Federal Bank Act.<br \/>\nWith an extended deadline to March<br \/>\n2019, AIC will have more time to<br \/>\nconduct a thorough review and consult<br \/>\nwith our members regarding this<br \/>\nimportant legislation.<\/p>\n<p>\u2022 AIC will support the need for more<br \/>\nreliable and accessible housing data.<br \/>\nThe federal government\u2019s allocation<br \/>\nof $500,000 to Statistics Canada in<br \/>\n2016\u201317 is earmarked to identify a<br \/>\nmethodology to gather data on the<br \/>\n\u2018purchases of Canadian housing by<br \/>\nforeign homebuyers.\u2019 An additional <\/p>\n<p>\u201cAT THE PROVINCIAL<br \/>\nLEVEL, OUR PROVINCIAL <\/p>\n<p>AFFILIATES HAVE ALSO<br \/>\nBECOME KEY ADVISORS TO <\/p>\n<p>PROVINCIAL GOVERNMENTS<br \/>\nON KEY ISSUES.\u201d<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201642 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>$13.5 million will be dedicated over<br \/>\nthe next five years to produce \u2018four<br \/>\nnew data products,\u2019 one of which<br \/>\nwill be the collection of additional<br \/>\nhousing data. <\/p>\n<p>AIC is leveraging these new opportunities<br \/>\nduring our meetings with members<br \/>\nof parliament and federal bureaucrats.<br \/>\nWe have held several meetings with the<br \/>\nmembers who are also part of the Standing<br \/>\nCommittee on Finance, including<br \/>\nFrancesco Sorbara, MP-Vaughn Woodridge<br \/>\nand Steve MacKinnon, MP-Gatineau,<br \/>\nas well as senior policy advisors within<br \/>\nthe offices of the Minister of Finance<br \/>\nand the Minister of National Revenue.<br \/>\nOur discussions were focused on how<br \/>\nour members protect Canadians and<br \/>\nthe financial system, the importance of<br \/>\nfinancial regulations and national oversight,<br \/>\nas well as our need to be at the table for any<br \/>\nissue regarding real estate policy. <\/p>\n<p>These messages were also shared<br \/>\nduring several meetings with economists<br \/>\nfrom the Financial Sector Policy Branch, <\/p>\n<p>Department of Finance, with an<br \/>\nadded emphasis on potential issues<br \/>\nthat threaten the delivery of quality<br \/>\nappraisals \u2013 such as data access, the<br \/>\ndemand for quicker turnaround times<br \/>\nfor appraisal services despite lower fees,<br \/>\nand the over-reliance on automated<br \/>\nvaluation models.<\/p>\n<p>The federal government\u2019s emphasis<br \/>\non financial literacy provided AIC<br \/>\nwith an opportunity to meet with the<br \/>\nFinancial Consumer Agency of Canada<br \/>\n(FCAC) to discuss ways in which we can<br \/>\nwork together to enhance the financial<br \/>\nliteracy of Canadians. As a result, several<br \/>\nof AIC\u2019s resources are now part of the<br \/>\nFCAC\u2019s resource library.<\/p>\n<p>At the provincial level, our<br \/>\nprovincial affiliates have also become<br \/>\nkey advisors to provincial governments<br \/>\non key issues. Our AIC-NL affiliate<br \/>\nhas been asked for their expertise<br \/>\non real property and managing<br \/>\npublic assets more effectively; our<br \/>\nAIC-AB affiliate has been invited to <\/p>\n<p>the Stakeholder Lock-up prior to the<br \/>\nrelease of the 2016 Alberta Budget;<br \/>\nour AIC-PE affiliate will be meeting<br \/>\nwith their member of parliament, Sean<br \/>\nCasey, MP-Charlottetown, to discuss<br \/>\nhousing issues within the riding; and our<br \/>\nAIC-BC affiliate has been asked to provide<br \/>\ninsight and potential solutions to the<br \/>\nprovincial advisory group developed by the<br \/>\nReal Estate Institute of British Columbia<br \/>\n(REIBC) to discuss the issues of \u2018shadow-<br \/>\nflipping\u2019 and unethical practices within the<br \/>\nreal estate industry in BC. <\/p>\n<p>Overall, the Advocacy Sub-<br \/>\nCommittee has accomplished its goal of<br \/>\ncreating a national network of members<br \/>\nwho are identifying key issues that<br \/>\nmay affect our membership, as well as<br \/>\nmeeting with stakeholders to represent<br \/>\nour point of view. If you have any<br \/>\ncomments or questions, please contact<br \/>\nJohn Manning, AACI, P. App., Chair<br \/>\nof the Advocacy Sub-Committee, at<br \/>\nboard@aicanada.ca; or staff liaison,<br \/>\nSheila Roy, at sheilar@aicanada.ca. <\/p>\n<p>Need Continuing Professional<br \/>\nDevelopment (CPD) Credits?<br \/>\nBesoin de cr\u00e9dits de perfectionnement<br \/>\nprofessionnel (CPP)?<\/p>\n<p>Check out the CPD page on the<br \/>\nAIC website for an array of opportunities.<br \/>\nRendez-vous sur la page de PPC du site Web de<br \/>\nl\u2019ICE afin de d\u00e9couvrir toutes les opportunit\u00e9s.<\/p>\n<p>www.aicanada.ca\/seminars-events\/continuing-professional-development\/<br \/>\nwww.aicanada.ca\/fr\/seminars-events\/continuing-professional-development\/<\/p>\n<p>Appraisal Institute of Canada<br \/>\nInstitut canadien des \u00e9valuateurs<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 43Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mailto:board@aicanada.ca<br \/>\nmailto:sheilar@aicanada.ca<br \/>\nhttp:\/\/www.aicanada.ca\/seminars-events\/continuing-professional-development\/<br \/>\nhttps:\/\/www.aicanada.ca\/fr\/seminars-events\/continuing-professional-development\/<\/p>\n<p>D\u00c9FENSED\u00c9FENSE<\/p>\n<p>D\u00c9FENSE DES<br \/>\nDROITS \u00c0 L\u2019\u0152UVRE<\/p>\n<p>Au cours des derniers mois, l\u2019Institut canadien des \u00e9valuateurs (ICE) a tenu plusieurs rencontres avec<br \/>\nles repr\u00e9sentants du gouvernement<br \/>\ncanadien et les intervenants des<br \/>\nsecteurs immobilier et du pr\u00eat<br \/>\nhypoth\u00e9caire. Depuis la derni\u00e8re<br \/>\n\u00e9lection f\u00e9d\u00e9rale, l\u2019ICE a concentr\u00e9<br \/>\nses efforts \u00e0 donner de l\u2019information<br \/>\n\u00e0 certains membres cl\u00e9s de la 42e<br \/>\nl\u00e9gislature \u2013 plus particuli\u00e8rement<br \/>\naux membres du Comit\u00e9 des finances<br \/>\nnationales \u2013 sur le r\u00f4le important que<br \/>\njoue l\u2019\u00e9valuation immobili\u00e8re pour<br \/>\nstabiliser les syst\u00e8mes de pr\u00eat.<\/p>\n<p>Pour rendre cet aspect plus tangible,<br \/>\nl\u2019ICE a mis en relief le nombre<br \/>\nd\u2019\u00e9valuations r\u00e9alis\u00e9es par ses membres<br \/>\npour des clients en tirant ses chiffres de<br \/>\nson r\u00e9cent questionnaire portant sur le<br \/>\nrenouvellement de l\u2019assurance.<\/p>\n<p>Cette recherche a d\u2019ailleurs r\u00e9v\u00e9l\u00e9<br \/>\nqu\u2019en 2015, les membres cotisants<br \/>\nde l\u2019ICE ont r\u00e9alis\u00e9 1 186 356<br \/>\n\u00e9valuations pour des clients :<\/p>\n<p>\u2022 974 851 \u00e9valuations r\u00e9sidentielles<br \/>\n(augmentation de 37 %<br \/>\ndepuis 2014).<\/p>\n<p>\u2022 211 265 \u00e9valuations commerciales<br \/>\n(augmentation de 19,4 %<br \/>\ndepuis 2014).<\/p>\n<p>Ces \u00e9valuations ont englob\u00e9 des valeurs<br \/>\nimmobili\u00e8res de plus d\u2019un billion de<br \/>\ndollars (1 098 909 250 000 $) pour<br \/>\nles clients : <\/p>\n<p>\u2022 568 062 230 400 $ en valeur<br \/>\nimmobili\u00e8re r\u00e9sidentielle.<\/p>\n<p>\u2022 529 582 519 600 $ en valeur<br \/>\nimmobili\u00e8re commerciale.<\/p>\n<p>Ces chiffres sont significatifs et<br \/>\nracontent une belle histoire sur<br \/>\nla demande pour des services<br \/>\nd\u2019\u00e9valuation, sur la mani\u00e8re dont<br \/>\nils interviennent pour att\u00e9nuer les<br \/>\nrisques pour les pr\u00eats et sur l\u2019aide qu\u2019ils<br \/>\napportent aux propri\u00e9taires et aux<br \/>\ninvestisseurs lorsque ceux-ci veulent<br \/>\nprendre des d\u00e9cisions \u00e9clair\u00e9es. L\u2019ICE<br \/>\nentend poursuivre ses efforts pour<br \/>\ntransmettre toute l\u2019importance des<br \/>\n\u00e9valuations de qualit\u00e9 dans un syst\u00e8me<br \/>\nfinancier qui est en sant\u00e9.<\/p>\n<p>De nouvelles occasions<br \/>\ndans le budget de 2016<br \/>\nL\u2019ICE \u00e9tait heureux de l\u2019invitation<br \/>\nre\u00e7ue \u00e0 participer \u00e0 la s\u00e9ance \u00e0 huis-clos<br \/>\ndes intervenants pr\u00e9c\u00e9dant l\u2019annonce<br \/>\ndu budget f\u00e9d\u00e9ral de 2016. Cet acc\u00e8s<br \/>\nprivil\u00e9gi\u00e9 aux coulisses du budget nous<br \/>\na donn\u00e9 une image plus pr\u00e9cise du<br \/>\nnombre d\u2019intervenants qui tentent de<br \/>\nretenir l\u2019attention du gouvernement<br \/>\nf\u00e9d\u00e9ral et d\u2019obtenir une \u00ab part du<br \/>\ng\u00e2teau du financement \u00bb.<\/p>\n<p>Comme pr\u00e9vu, le ministre des<br \/>\nFinances, l\u2019honorable Bill Morneau, et<br \/>\nle gouvernement f\u00e9d\u00e9ral ont annonc\u00e9<br \/>\nun budget arrim\u00e9 aux promesses<br \/>\nfaites pendant la campagne \u00e9lectorale :<br \/>\nconsolidation de la classe moyenne<br \/>\net investissements importants dans<br \/>\nl\u2019infrastructure, les collectivit\u00e9s des<br \/>\nPremi\u00e8res Nations et une \u00e9conomie verte.<\/p>\n<p>Le montant de 120 milliards<br \/>\nde dollars qui sera consacr\u00e9 \u00e0<br \/>\nl\u2019infrastructure est synonyme de<br \/>\nnouvelles possibilit\u00e9s pour les membres<br \/>\nqui fournissent des services touchant <\/p>\n<p>\u00ab SUR LA SC\u00c8NE<br \/>\nPROVINCIALE, NOS <\/p>\n<p>ASSOCIATIONS SE SONT<br \/>\nPOSITIONN\u00c9ES COMME DES<br \/>\nCONSEILLERS IMPORTANTS <\/p>\n<p>POUR DES ENJEUX CL\u00c9S<br \/>\nDES GOUVERNEMENTS <\/p>\n<p>PROVINCIAUX. \u00bb <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201644 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>D\u00c9FENSE<\/p>\n<p>les expropriations, les droits de passage<br \/>\net d\u2019autres types d\u2019\u00e9valuations et de<br \/>\nservices de consultation dans les secteurs<br \/>\npublic et priv\u00e9.<\/p>\n<p>Il existe aussi d\u2019autres possibilit\u00e9s<br \/>\ndans une perspective de d\u00e9fense<br \/>\ndes droits. Par exemple :<\/p>\n<p>\u2022 L\u2019ICE profitera des occasions qui<br \/>\nse pr\u00e9sentent lors des consultations<br \/>\nentourant l\u2019examen de la Loi sur les<br \/>\nbanques. Comme l\u2019\u00e9ch\u00e9ancier a \u00e9t\u00e9<br \/>\nrepouss\u00e9 \u00e0 mars 2019, l\u2019ICE aura<br \/>\nplus de temps pour faire un examen<br \/>\napprofondi et consulter ses membres<br \/>\nsur les enjeux portant sur cette<br \/>\nimportante loi.<\/p>\n<p>\u2022 L\u2019ICE entend soutenir le besoin<br \/>\nde donn\u00e9es plus fiables et plus<br \/>\naccessibles sur le logement.<br \/>\nL\u2019allocation du gouvernement<br \/>\nf\u00e9d\u00e9ral de 500 000 $ accord\u00e9e \u00e0<br \/>\nStatistique Canada en 2016-17<br \/>\nest destin\u00e9e \u00e0 mettre au point<br \/>\nune m\u00e9thodologie permettant de<br \/>\nr\u00e9cup\u00e9rer des donn\u00e9es portant sur<br \/>\nles \u00ab achats de maisons par des<br \/>\n\u00e9trangers au Canada \u00bb. Au cours de<br \/>\ncinq prochaines ann\u00e9es, un montant<br \/>\nsuppl\u00e9mentaire de 13,5 millions de<br \/>\ndollars sera consacr\u00e9 \u00e0 la production<br \/>\nde \u00ab quatre nouveaux produits de<br \/>\ndonn\u00e9es \u00bb; l\u2019un de ces produits<br \/>\ndoit servir \u00e0 la collecte de donn\u00e9es<br \/>\nsuppl\u00e9mentaires sur le logement. <\/p>\n<p>L\u2019ICE tire parti des occasions qui se<br \/>\npr\u00e9sentent lors des r\u00e9unions avec les<br \/>\nd\u00e9put\u00e9s et les fonctionnaires f\u00e9d\u00e9raux.<br \/>\nNous avons tenu plusieurs r\u00e9unions<br \/>\navec des d\u00e9put\u00e9s qui font aussi partie<br \/>\ndu Comit\u00e9 permanent des finances,<br \/>\nnotamment Francesco Sorbara, d\u00e9put\u00e9<br \/>\nde Vaughn Woodridge, et Steve<br \/>\nMacKinnon, d\u00e9put\u00e9 de Gatineau, et <\/p>\n<p>avec des conseillers politiques de haut<br \/>\nniveau dans les bureaux du ministre<br \/>\ndes Finances et de la ministre du<br \/>\nRevenu national. Nos discussions ont<br \/>\nprincipalement port\u00e9 sur la protection<br \/>\nque nos membres peuvent donner<br \/>\naux Canadiens et Canadiennes et au<br \/>\nsyst\u00e8me des finances, sur l\u2019importance<br \/>\nde la r\u00e9glementation financi\u00e8re et du<br \/>\ncontr\u00f4le au niveau national et sur la<br \/>\npertinence que nous soyons \u00e0 la table<br \/>\npour toute question concernant les<br \/>\npolitiques du secteur immobilier. <\/p>\n<p>Ces m\u00eames messages ont \u00e9galement<br \/>\n\u00e9t\u00e9 transmis au cours de plusieurs<br \/>\nr\u00e9unions avec la Direction de la<br \/>\npolitique du secteur financier et le<br \/>\nminist\u00e8re des Finances, tout en insistant<br \/>\nplus particuli\u00e8rement sur les probl\u00e8mes<br \/>\npotentiels qui menacent la qualit\u00e9<br \/>\ndes \u00e9valuations fournies : l\u2019acc\u00e8s aux<br \/>\ndonn\u00e9es, les demandes d\u2019ex\u00e9cution<br \/>\nplus rapide pour les \u00e9valuations malgr\u00e9<br \/>\nl\u2019application de tarifs inf\u00e9rieurs et<br \/>\nun recours excessif aux mod\u00e8les<br \/>\nd\u2019\u00e9valuation automatis\u00e9s.<\/p>\n<p>L\u2019importance que donne le<br \/>\ngouvernement f\u00e9d\u00e9ral \u00e0 la litt\u00e9ratie<br \/>\nfinanci\u00e8re a permis \u00e0 l\u2019ICE de<br \/>\nrencontrer l\u2019Agence de la consommation<br \/>\nen mati\u00e8re financi\u00e8re du Canada<br \/>\npour discuter des diff\u00e9rentes avenues<br \/>\nde collaboration pour am\u00e9liorer<br \/>\nles connaissances de la population<br \/>\ncanadienne \u00e0 ce sujet. Cette d\u00e9marche<br \/>\nfait en sorte que plusieurs ressources<br \/>\nde l\u2019ICE sont maintenant offertes<br \/>\npar l\u2019entremise de la biblioth\u00e8que de<br \/>\nressources de l\u2019Agence.<\/p>\n<p>Sur la sc\u00e8ne provinciale, nos<br \/>\nassociations se sont positionn\u00e9es<br \/>\ncomme des conseillers importants pour<br \/>\ndes enjeux cl\u00e9s des gouvernements <\/p>\n<p>provinciaux. Les services de<br \/>\nl\u2019association de Terre-Neuve-et-<br \/>\nLabrador, l\u2019ICE-T.-N.-L., ont \u00e9t\u00e9<br \/>\nretenus pour son expertise des biens<br \/>\nimmobiliers et sa gestion efficace des<br \/>\nbiens publics. Notre association de<br \/>\nl\u2019Alberta, l\u2019ICE-Alb., a \u00e9t\u00e9 invit\u00e9e \u00e0<br \/>\nla s\u00e9ance \u00e0 huis-clos des intervenants<br \/>\npr\u00e9c\u00e9dant l\u2019annonce du budget provincial<br \/>\nde 2016. Notre association de l\u2019\u00eele<br \/>\ndu Prince-\u00c9douard, l\u2019ICE-\u00ce.-P.-\u00c9., a<br \/>\nobtenu une rencontre avec le d\u00e9put\u00e9<br \/>\nde Charlottetown, Sean Casey,<br \/>\npour discuter des enjeux touchant<br \/>\nle logement dans sa circonscription.<br \/>\nEnfin, notre association de la<br \/>\nColombie-Britannique, l\u2019AIC-C.-B., a<br \/>\n\u00e9t\u00e9 retenue pour fournir un \u00e9clairage et<br \/>\ntrouver d\u2019\u00e9ventuelles solutions dans le<br \/>\ncadre du groupe consultatif provincial<br \/>\nmis en place par le Real Estate<br \/>\nInstitute of British Columbia (REIBC)<br \/>\nmis en place pour discuter des enjeux<br \/>\ntouchant les op\u00e9rations d\u2019achat-revente<br \/>\net des pratiques contraires \u00e0 l\u2019\u00e9thique<br \/>\ndans le secteur immobilier de la<br \/>\nColombie-Britannique. <\/p>\n<p>De mani\u00e8re globale, le sous-comit\u00e9<br \/>\nde la d\u00e9fense des droits a atteint<br \/>\nses objectifs en cr\u00e9ant un r\u00e9seau<br \/>\nnational pour les membres qui<br \/>\n\u00e9valuent les principales probl\u00e9matiques<br \/>\ntouchant notre effectif et en<br \/>\nrencontrant les intervenants pour<br \/>\nfaire conna\u00eetre notre point de vue.<br \/>\nSi vous avez des commentaires ou<br \/>\ndes questions, veuillez communiquer<br \/>\navec John Manning, AACI, P. App.,<br \/>\npr\u00e9sident du sous-comit\u00e9 de la d\u00e9fense<br \/>\ndes droits, \u00e0 board@aicanada.ca,<br \/>\nou avec la responsable des<br \/>\ncommunications avec le personnel<br \/>\nSheila Roy, \u00e0 sheilar@aicanada.ca. <\/p>\n<p>\u00ab NOS DISCUSSIONS ONT PRINCIPALEMENT PORT\u00c9 SUR LA PROTECTION<br \/>\nQUE NOS MEMBRES PEUVENT DONNER AUX CANADIENS ET CANADIENNES ET AU <\/p>\n<p>SYST\u00c8ME DES FINANCES, SUR L\u2019IMPORTANCE DE LA R\u00c9GLEMENTATION<br \/>\nFINANCI\u00c8RE ET DU CONTR\u00d4LE AU NIVEAU NATIONAL ET SUR LA PERTINENCE <\/p>\n<p>QUE NOUS SOYONS \u00c0 LA TABLE POUR TOUTE QUESTION CONCERNANT<br \/>\nLES POLITIQUES DU SECTEUR IMMOBILIER. \u00bb<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 45Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mailto:board@aicanada.ca<br \/>\nmailto:sheilar@aicanada.ca<\/p>\n<p>Here is an example of how a CRA has successfully diversified his practice.<\/p>\n<p>CRA<br \/>\nDIVERSIFICATION<\/p>\n<p>What is meant in the appraisal<br \/>\nprofession by the term \u2018impaired<br \/>\nproperties?\u2019<br \/>\nImpaired properties are those with unique<br \/>\ncharacteristics that have a negative impact<br \/>\non value. Those characteristics can be<br \/>\nphysical, locational, legal, stigma, etc.<br \/>\nThe types of impaired properties I tend to<br \/>\ncome across in my practice are marijuana<br \/>\ngrow operations, strata properties<br \/>\nwith large capital projects or special<br \/>\nassessments, sites with soil contamination,<br \/>\nand, occasionally, crime scene sites.<\/p>\n<p>Is there a significant amount of<br \/>\nwork for appraisers in this<br \/>\nparticular area?<br \/>\nMy company does not actively seek out<br \/>\nthis type of work, but, as appraisers in<br \/>\nthis particular marketplace, we see our<br \/>\nfair share. Unfortunately, both illegal and<br \/>\nlegal marijuana grow operations are part<br \/>\nof the landscape in which we operate.<br \/>\nThere are an estimated 20,000 illegal<br \/>\ngrow operations that are active in BC,<br \/>\nwith 4,000 in Vancouver alone. When<br \/>\nyou add former grow ops and legal grow<br \/>\noperations to that total, it is a property<br \/>\nscenario we come across often. I would say<br \/>\nthat my firm encounters a home that has <\/p>\n<p>been used as a marijuana grow operation<br \/>\nonce or twice per week and this has been<br \/>\nconsistent over the last few years.<\/p>\n<p>How did you get started doing<br \/>\n\u2018impaired\u2019 properties?<br \/>\nIn the mid-1990s, BC experienced what<br \/>\nwas known as \u2018The Leaky Condo Crisis,\u2019<br \/>\nwhich was a period when a large percentage<br \/>\nof condominiums built within a certain<br \/>\ntime frame experienced significant water<br \/>\ningress problems resulting from premature<br \/>\nbuilding envelope failures. The total cost to<br \/>\nrepair these \u2018leaky condos\u2019 was estimated<br \/>\nto be approximately $4 billion. During<br \/>\nthat period, I was performing appraisals<br \/>\nextensively for a mortgage insurer who<br \/>\nwas in the midst of the crisis and quite<br \/>\nexposed from a mortgage security point of<br \/>\nview. That was when I learned a great deal<br \/>\nabout how an appraiser goes about valuing<br \/>\nimpaired properties.<\/p>\n<p>Did you take additional professional<br \/>\ndevelopment in this area?<br \/>\nAt that time, professional development<br \/>\nfor appraising these types of properties<br \/>\ndid not exist. Instead, I had to get creative<br \/>\nwith my research. I made contacts<br \/>\nin the building inspection and site <\/p>\n<p>remediation industries, which helped me<br \/>\nbetter understand how a marijuana grow<br \/>\noperation can physically affect a house. <\/p>\n<p>To better understand strata properties,<br \/>\nI took courses offered by the Greater<br \/>\nVancouver Real Estate Board. The<br \/>\ncourses were designed for Realtors, but<br \/>\nwere extremely useful from an appraisal<br \/>\nperspective as well. I also volunteered on<br \/>\nseveral strata councils as president and<br \/>\nmember-at-large, which gave me a better<br \/>\nunderstanding of the Strata Property Act<br \/>\nand how strata corporations deal with<br \/>\nvarious financial and repair issues.<\/p>\n<p>My best education, however, was working<br \/>\nclosely with a fantastic mentor. Nothing can<br \/>\nreplace the passing of knowledge from one<br \/>\ngeneration to another. My mentor was Don<br \/>\nLawrenson, CRA. I joined his firm, Don<br \/>\nLawrenson and Associates Ltd., in 1996 and<br \/>\npurchased it from him in 2007. Don is still<br \/>\nan appraiser here today. <\/p>\n<p>How do you ensure that you<br \/>\nstay within your CRA scope of<br \/>\npractice when appraising these<br \/>\ntypes of properties?<br \/>\nIn my opinion, this simply boils down to<br \/>\nfollowing the Canadian Uniform Standards<br \/>\nof Professional Appraisal Practice (CUSPAP). <\/p>\n<p>Impaired properties<\/p>\n<p>Leigh Walker is a Managing Partner with LawrensonWalker Real Estate Appraisers<br \/>\nin Vancouver, British Columbia and specializes in residential appraisals He has worked<br \/>\nin the real estate industry since 1993 and is a designated CRA appraiser with the<br \/>\nAppraisal Institute of Canada (AIC). He is also a member of the Greater Vancouver Real<br \/>\nEstate Board (GVREB), the Canadian Real Estate Association (CREA) and the Mortgage<br \/>\nBrokers Association of BC (MBABC). In 2011, Leigh was elected to the Executive of the<br \/>\nAIC\u2019s Vancouver Chapter and was appointed to the provincial Board of Directors of<br \/>\nthe AIC\u2019s BC Association.<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201646 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-English<\/p>\n<p>We keep close tabs on zoning, highest<br \/>\nand best use, four-unit maximum,<br \/>\ndevelopment potential, etc. We have also<br \/>\ndeveloped relationships with a number<br \/>\nof commercial firms and we regularly<br \/>\nrefer assignments to them when we are<br \/>\n\u201cout of scope.\u201d A CRA needs to be very<br \/>\nconscious of scope and should never<br \/>\nhesitate to decline assignments that<br \/>\nare outside it. Conversely, I strongly<br \/>\nbelieve that AACIs who do not meet the<br \/>\ncompetency requirements for residential<br \/>\nassignments because they primarily<br \/>\nwork in commercial real estate should<br \/>\nrefer those assignments to a CRA. The<br \/>\ncompetency requirement cuts both ways. <\/p>\n<p>What parts of an appraiser\u2019s<br \/>\nskillset are most called upon when<br \/>\nvaluing an impaired property?<br \/>\nYou will use your investigative skills,<br \/>\nyour research skills, and your knowledge<br \/>\nof the marketplace. What is most<br \/>\ninteresting is using your skills to better<br \/>\nunderstand how the \u2018market\u2019 will react<br \/>\nto a particular impairment. Will the<br \/>\nimpairment scare away buyers or lenders?<br \/>\nIf so, how does that affect the value?<\/p>\n<p>What are the biggest<br \/>\nchallenges faced in appraising<br \/>\nimpaired properties?<br \/>\nThe types of properties that are considered<br \/>\nimpaired are always changing. As I stated<br \/>\nearlier, leaky condos were a large part<br \/>\nof my work in the late 1990s. However,<br \/>\ntoday, there are very few of those cases and<br \/>\nsignificantly more of the marijuana grow<br \/>\noperation variety. In the future, I am sure <\/p>\n<p>that we will likely be dealing with some<br \/>\nother type of impaired property. <\/p>\n<p>What has been challenging and<br \/>\ninteresting is determining how various<br \/>\nsub-markets view properties that were<br \/>\npreviously grow operations. Depending<br \/>\non the marketplace and the trends in<br \/>\nthat market, the stigma associated with<br \/>\nthe property may be entirely different.<br \/>\nFor example, I am sure that people in<br \/>\nBC view these properties differently than<br \/>\nthey may do in some other provinces.  <\/p>\n<p>Even within BC, the level of stigma<br \/>\nassociated with a grow op and how long<br \/>\nthe stigma will last can vary from suburb<br \/>\nto suburb. Lenders\u2019 and mortgage insurers\u2019<br \/>\npolicies on homes that were former grow ops<br \/>\ncan also change depending on the market<br \/>\nconditions, so it can sometimes be tricky to<br \/>\nkeep up with all of these moving parts.<\/p>\n<p>What do you find rewarding<br \/>\nabout this type of work?<br \/>\nAppraising impaired properties is<br \/>\nextremely interesting. The majority <\/p>\n<p>of appraisal assignments that I do for<br \/>\nmortgage purposes often tend to be<br \/>\nsomewhat monotonous. It is refreshing to<br \/>\ntake on assignments that are outside the<br \/>\nbox. While this type of work has made<br \/>\nmy practice more challenging, from a<br \/>\npersonal perspective it has also made me<br \/>\nmore of a well-rounded appraiser.<\/p>\n<p>Would you recommend this<br \/>\ntype of work to other appraisers?<br \/>\nAbsolutely, I think it is important for an<br \/>\nappraiser to be both willing and able to<br \/>\ntake on the assignments that are more<br \/>\nchallenging. It is frustrating for me to<br \/>\nhear that an appraiser has turned down<br \/>\na residential assignment simply because<br \/>\nit was difficult. If it is too difficult for a<br \/>\ndesignated member of the premier appraisal<br \/>\norganization in the country, then who IS<br \/>\nqualified? I am not suggesting that anyone<br \/>\noperate outside their competency, but, by<br \/>\ntaking on more challenging assignments,<br \/>\nan appraiser has a genuine opportunity<br \/>\nto enhance his or her knowledge and to<br \/>\ndevelop and grow their skillset.<\/p>\n<p>What suggestions or advice<br \/>\nwould you give an appraiser<br \/>\nwho is considering taking on an<br \/>\nimpaired property assignment?<br \/>\nThe best advice I can give is to slow<br \/>\ndown and take your time. It can also<br \/>\nbe a good idea to contact your client in<br \/>\nadvance of completing the appraisal and<br \/>\nadvise them of the situation. Finally, if<br \/>\nyou are new to this, work closely with a<br \/>\nmentor and remember that your report<br \/>\nmust always comply with CUSPAP. <\/p>\n<p>&laquo;&nbsp;What has been<br \/>\nchallenging and <\/p>\n<p>interesting is determining<br \/>\nhow various sub-markets <\/p>\n<p>view properties that<br \/>\nwere previously grow <\/p>\n<p>operations.&nbsp;&raquo;<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 47Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-English<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-English<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-English<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-English<\/p>\n<p>DIVERSIFICATION<br \/>\nD&rsquo;UN CRA <\/p>\n<p>Voici un exemple de la fa\u00e7on dont un CRA a r\u00e9ussi \u00e0 diversifier sa pratique.<\/p>\n<p>Quelle est la signification du terme<br \/>\npropri\u00e9t\u00e9 d\u00e9t\u00e9rior\u00e9e pour un<br \/>\n\u00e9valuateur professionnel?<br \/>\nLes propri\u00e9t\u00e9s d\u00e9t\u00e9rior\u00e9es se d\u00e9finissent par<br \/>\nla pr\u00e9sence de caract\u00e9ristiques particuli\u00e8res<br \/>\nqui ont des effets n\u00e9gatifs pour leur valeur.<br \/>\nIl peut s\u2019agir de caract\u00e9ristiques physiques,<br \/>\nde facteurs g\u00e9ographiques ou l\u00e9gaux,<br \/>\nd\u2019\u00e9l\u00e9ments de stigmatisation, etc. Dans ma<br \/>\npratique, les facteurs de propri\u00e9t\u00e9 d\u00e9t\u00e9rior\u00e9e<br \/>\nqui se pr\u00e9sentent le plus souvent concernent<br \/>\nla culture de la marijuana, les aspects de<br \/>\ncopropri\u00e9t\u00e9 dans le cadre de grands projets<br \/>\nimmobiliers ou d\u2019\u00e9valuations sp\u00e9ciales, les<br \/>\nsites contamin\u00e9s et, occasionnellement, les<br \/>\nsc\u00e8nes de crime.<br \/>\n\u00a0<br \/>\nExiste-t-il un volume<br \/>\nde travail important dans<br \/>\nce secteur particulier?<br \/>\nMon entreprise ne recherche pas ce<br \/>\ntype d\u2019\u00e9valuation, mais notre march\u00e9<br \/>\nfait en sorte que nous rencontrons<br \/>\nun certain pourcentage de propri\u00e9t\u00e9s<br \/>\nd\u00e9t\u00e9rior\u00e9es. Malheureusement, la culture<br \/>\nde la marijuana \u2013 l\u00e9gale ou ill\u00e9gale \u2013 est<br \/>\npr\u00e9sente dans notre secteur d\u2019op\u00e9rations.<br \/>\nIl existe environ 20\u00a0000\u00a0sites de culture<br \/>\nill\u00e9gale de marijuana en Colombie-<br \/>\nBritannique; 4\u00a0000 \u00e0 Vancouver <\/p>\n<p>uniquement. Lorsque vous ajoutez \u00e0 ce<br \/>\ntotal les anciens sites de culture et les<br \/>\nop\u00e9rations de culture l\u00e9gales, et bien,<br \/>\nce sc\u00e9nario se pr\u00e9sente souvent lors de<br \/>\nnos \u00e9valuations. Je dirais que ma firme<br \/>\nrencontre des cas de propri\u00e9t\u00e9s qui ont<br \/>\nservi \u00e0 la culture de la marijuana une ou<br \/>\ndeux fois par semaine, une fr\u00e9quence<br \/>\nconstante depuis les derni\u00e8res ann\u00e9es.<\/p>\n<p>Comment avez-vous commenc\u00e9<br \/>\n\u00e0 r\u00e9aliser des \u00e9valuations de<br \/>\npropri\u00e9t\u00e9s d\u00e9t\u00e9rior\u00e9es?<br \/>\nAu milieu des ann\u00e9es\u00a01990, la Colombie-<br \/>\nBritannique a v\u00e9cu ce qu\u2019on a nomm\u00e9 la<br \/>\n\u00ab\u00a0Leaky Condo Crisis\u00a0\u00bb (crise des condos<br \/>\ntouch\u00e9s par des infiltrations). Pendant<br \/>\ncette p\u00e9riode, un grand pourcentage de<br \/>\ncopropri\u00e9t\u00e9s construites dans une p\u00e9riode<br \/>\npr\u00e9cise ont connu d\u2019importants probl\u00e8mes<br \/>\nd\u2019infiltration d\u2019eau provoqu\u00e9s par la<br \/>\nd\u00e9faillance pr\u00e9matur\u00e9e de l\u2019enveloppe du<br \/>\nb\u00e2timent. Le co\u00fbt total des r\u00e9parations<br \/>\npour ces \u00ab\u00a0condos perm\u00e9ables\u00a0\u00bb a atteint<br \/>\nenviron 4\u00a0milliards de dollars. Pendant<br \/>\ncette p\u00e9riode, je r\u00e9alisais un grand<br \/>\nnombre d\u2019\u00e9valuations pour un assureur<br \/>\nhypoth\u00e9caire qui se retrouvait au milieu<br \/>\nde cette crise et dont la situation devenait<br \/>\nplut\u00f4t \u00ab\u00a0p\u00e9rilleuse\u00a0\u00bb au point de vue de la <\/p>\n<p>s\u00e9curit\u00e9 hypoth\u00e9caire. C\u2019est \u00e0 ce moment<br \/>\nque j\u2019en ai appris beaucoup sur la fa\u00e7on<br \/>\nd\u2019\u00e9valuer une propri\u00e9t\u00e9 d\u00e9t\u00e9rior\u00e9e.<br \/>\n\u00a0<br \/>\nAvez-vous suivi des cours de<br \/>\nperfectionnement dans ce secteur<br \/>\nde l\u2019\u00e9valuation?<br \/>\n\u00c0 ce moment-l\u00e0, il n\u2019existait pas d\u2019occasions<br \/>\nde perfectionnement pour l\u2019\u00e9valuation de<br \/>\nce type de propri\u00e9t\u00e9s. J\u2019ai plut\u00f4t tent\u00e9 d\u2019\u00eatre<br \/>\ncr\u00e9atif dans mes recherches. J\u2019ai \u00e9tabli des<br \/>\ncontacts avec des intervenants \u0153uvrant dans<br \/>\nles industries de l\u2019inspection des b\u00e2timents<br \/>\net de la restauration des sites. Cette<br \/>\nd\u00e9marche m\u2019a aid\u00e9 \u00e0 mieux comprendre<br \/>\ncomment les op\u00e9rations de culture de<br \/>\nmarijuana peuvent affecter une maison. <\/p>\n<p>Pour mieux comprendre des enjeux de<br \/>\ncopropri\u00e9t\u00e9s, j\u2019ai suivi des cours offerts<br \/>\npar le Greater Vancouver Real Estate<br \/>\nBoard. Les cours \u00e9taient con\u00e7us pour les<br \/>\ncourtiers immobiliers, mais ils \u00e9taient<br \/>\nextr\u00eamement utiles dans une perspective<br \/>\nd\u2019\u00e9valuation. Je suis aussi devenu<br \/>\nb\u00e9n\u00e9vole pour plusieurs conseils de<br \/>\ncopropri\u00e9t\u00e9s, comme pr\u00e9sident ou simple<br \/>\nmembre. Cet investissement personnel<br \/>\nm\u2019a donn\u00e9 l\u2019occasion d\u2019apprivoiser la<br \/>\nStrata Property Act (Loi sur la copropri\u00e9t\u00e9)<br \/>\net de mieux comprendre comment les <\/p>\n<p>Propri\u00e9t\u00e9s d\u00e9t\u00e9rior\u00e9es<\/p>\n<p>Leigh Walker, CRA, est associ\u00e9 directeur g\u00e9n\u00e9ral au cabinet d\u2019\u00e9valuation immobili\u00e8re Lawrenson<br \/>\nWalker Appraisers de Vancouver, en Colombie-Britannique, un cabinet sp\u00e9cialis\u00e9 dans les<br \/>\n\u00e9valuations r\u00e9sidentielles. Leigh travaille dans le secteur immobilier depuis 1993 et a re\u00e7u<br \/>\nl\u2019accr\u00e9ditation CRA (\u00e9valuateur r\u00e9sidentiel canadien) de l\u2019Institut canadien des \u00e9valuateurs (ICE).<br \/>\nIl est aussi membre du Greater Vancouver Real Estate Board (GVREB), de l\u2019Association canadienne<br \/>\nde l\u2019immeuble (ACI) et de la Mortgage Brokers Association of BC (MBABC). En 2011, Leigh a \u00e9t\u00e9<br \/>\n\u00e9lue au Conseil d\u2019administration du chapitre de Vancouver de l\u2019ICE et a \u00e9t\u00e9 nomm\u00e9 au Conseil<br \/>\nd\u2019administration de l\u2019association de l\u2019ICE en Colombie-Britannique.<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201648 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-French<\/p>\n<p>\u00ab Ce qui a \u00e9t\u00e9 stimulant<br \/>\net int\u00e9ressant, c\u2019est de <\/p>\n<p>d\u00e9terminer comment les<br \/>\ndiff\u00e9rents sous-march\u00e9s<br \/>\n\u00e9valuaient les propri\u00e9t\u00e9s <\/p>\n<p>qui avaient h\u00e9berg\u00e9<br \/>\ndes sites de culture. \u00bb<\/p>\n<p>soci\u00e9t\u00e9s de condominiums font face<br \/>\naux difficult\u00e9s financi\u00e8res et aux enjeux<br \/>\nentourant les r\u00e9parations.<\/p>\n<p>Mon meilleur apprentissage est toutefois<br \/>\nvenu d\u2019un fantastique mentorat. Rien ne<br \/>\npeut vraiment remplacer la transmission<br \/>\ndes connaissances d\u2019une g\u00e9n\u00e9ration \u00e0<br \/>\nl\u2019autre. Mon mentor \u00e9tait Don Lawrenson,<br \/>\nCRA. Je me suis joint \u00e0 sa firme, Don<br \/>\nLawrenson and Associates Ltd., en 1996 et<br \/>\nj\u2019ai achet\u00e9 l\u2019entreprise en 2007. Don \u0153uvre<br \/>\ntoujours comme \u00e9valuateur chez nous.\u00a0<\/p>\n<p>Comment vous assurez-vous<br \/>\nde rester dans le champ d\u2019activit\u00e9<br \/>\nd\u2019un CRA lorsque vous r\u00e9alisez<br \/>\nune \u00e9valuation pour ce types<br \/>\nde propri\u00e9t\u00e9s?<br \/>\n\u00c0 mon point de vue, je dois simplement<br \/>\nm\u2019en tenir aux Normes uniformes de<br \/>\npratique professionnelle en mati\u00e8re<br \/>\nd\u2019 \u00e9valuation au Canada (NUPPEC).<br \/>\nNous gardons l\u2019\u0153il sur le zonage,<br \/>\nl\u2019utilisation optimale, les copropri\u00e9t\u00e9s d\u2019un<br \/>\nmaximum de quatre unit\u00e9s, le potentiel de<br \/>\nd\u00e9veloppement, etc. Nous avons en outre<br \/>\ncr\u00e9\u00e9 des relations avec un certain nombre<br \/>\nd\u2019entreprises commerciales et nous leur<br \/>\nconfions r\u00e9guli\u00e8rement des affectations<br \/>\nlorsque nous risquons d\u2019aller au-del\u00e0 de<br \/>\nnotre champ d\u2019activit\u00e9s. Un CRA doit<br \/>\nbien comprendre son champ d\u2019activit\u00e9s.<br \/>\nIl ne devrait jamais accepter des<br \/>\naffectations qui ne font pas partie de<br \/>\nson champ de comp\u00e9tences. \u00c0 l\u2019inverse,<br \/>\nje crois fermement que les AACI qui<br \/>\nne r\u00e9pondent pas aux exigences de<br \/>\ncomp\u00e9tence pour r\u00e9aliser des \u00e9valuations<br \/>\nr\u00e9sidentielles, puisqu\u2019ils travaillent<br \/>\nprincipalement dans le secteur immobilier<br \/>\ncommercial, devraient transmettre ces<br \/>\naffectations \u00e0 un CRA. Les exigences de<br \/>\ncomp\u00e9tence, ce n\u2019est pas un sens unique. <\/p>\n<p>Quelles sont les comp\u00e9tences<br \/>\nd\u2019\u00e9valuateur les plus sollicit\u00e9es<br \/>\nlors d\u2019une \u00e9valuation de propri\u00e9t\u00e9s<br \/>\nd\u00e9t\u00e9rior\u00e9es?<br \/>\nVous devrez utiliser vos talents<br \/>\nd\u2019enqu\u00eateur, vos habilet\u00e9s de recherche<br \/>\net votre connaissance du march\u00e9. Ce qui<br \/>\nest le plus int\u00e9ressant, c\u2019est d\u2019utiliser vos<br \/>\ncomp\u00e9tences pour mieux comprendre<br \/>\nla r\u00e9action du \u00ab\u00a0march\u00e9\u00a0\u00bb face \u00e0 une<br \/>\nd\u00e9t\u00e9rioration en particulier. Va-t-elle<br \/>\neffrayer les acheteurs ou les pr\u00eateurs<br \/>\nhypoth\u00e9caires? Dans l\u2019affirmative,<br \/>\ncomment la valeur sera-t-elle affect\u00e9e?<\/p>\n<p>Quels sont les d\u00e9fis les plus<br \/>\nimportants lors de l\u2019\u00e9valuation de<br \/>\npropri\u00e9t\u00e9s d\u00e9t\u00e9rior\u00e9es?<br \/>\nLes types de propri\u00e9t\u00e9s qui sont<br \/>\nconsid\u00e9r\u00e9es comme d\u00e9t\u00e9rior\u00e9es sont en<br \/>\nconstante modification. Comme indiqu\u00e9<br \/>\nplus t\u00f4t, une grande partie de mon travail<br \/>\na \u00e9t\u00e9 consacr\u00e9e \u00e0 l\u2019\u00e9pisode des \u00ab\u00a0condos<br \/>\nperm\u00e9ables\u00a0\u00bb vers la fin des ann\u00e9es\u00a01990.<br \/>\nDe nos jours, il reste tr\u00e8s peu de ces cas,<br \/>\nmais les cas de culture de marijuana sont<br \/>\nbeaucoup plus nombreux. Je suis certain<br \/>\nque, dans le futur, j\u2019aurai \u00e0 travailler avec<br \/>\nd\u2019autres types de propri\u00e9t\u00e9s d\u00e9t\u00e9rior\u00e9es. <\/p>\n<p>M\u00eame en Colombie-Britannique, le<br \/>\ndegr\u00e9 de stigmatisation associ\u00e9e \u00e0 des<br \/>\nop\u00e9rations de culture et la dur\u00e9e du<br \/>\nstigmate peuvent varier d\u2019un quartier<br \/>\n\u00e0 l\u2019autre. Les politiques des pr\u00eateurs et<br \/>\nassureurs hypoth\u00e9caires portant sur les<br \/>\nmaisons qui ont d\u00e9j\u00e0 h\u00e9berg\u00e9 des sites<br \/>\nde culture peuvent \u00e9galement varier<br \/>\nen fonction des conditions du march\u00e9;<br \/>\ntout ce mouvement peut parfois devenir<br \/>\ndifficile \u00e0 suivre.<\/p>\n<p>Que trouvez-vous gratifiant<br \/>\ndans ce type de travail?<br \/>\nL\u2019\u00e9valuation des propri\u00e9t\u00e9s d\u00e9t\u00e9rior\u00e9es<br \/>\nest vraiment int\u00e9ressante. La plus grande<br \/>\npartie des \u00e9valuations que je r\u00e9alise pour<br \/>\ndes besoins hypoth\u00e9caires est souvent<br \/>\nmonotone. C\u2019est stimulant de se voir<br \/>\nattribuer une \u00e9valuation qui sort des<br \/>\nsentiers battus. Ce type de travail a bien<br \/>\ns\u00fbr rendu ma pratique plus difficile, mais<br \/>\nd\u2019un point de vue personnel, il m\u2019a permis<br \/>\nde devenir un \u00e9valuateur plus complet.<\/p>\n<p>Est-ce que vous recommandez ce<br \/>\ntype de travail pour les \u00e9valuateurs?<br \/>\nTout \u00e0 fait. Je crois qu\u2019il est important<br \/>\npour un \u00e9valuateur de vouloir r\u00e9aliser<br \/>\ndes \u00e9valuations qui sont plus difficiles et<br \/>\nd\u2019\u00eatre en mesure de le faire. C\u2019est frustrant<br \/>\nd\u2019entendre qu\u2019un \u00e9valuateur a refus\u00e9 une<br \/>\n\u00e9valuation r\u00e9sidentielle simplement parce<br \/>\nqu\u2019elle \u00e9tait difficile. Si une \u00e9valuation est<br \/>\ntrop difficile pour un membre d\u00e9sign\u00e9<br \/>\nde l\u2019organisme d\u2019\u00e9valuation le plus<br \/>\nimportante au pays, alors QUI est qualifi\u00e9?<br \/>\nJe ne propose pas d\u2019aller au-del\u00e0 de nos<br \/>\ncomp\u00e9tences, mais nous devons accepter les<br \/>\naffectations difficiles; pour un \u00e9valuateur, il<br \/>\ns\u2019agit l\u00e0 d\u2019une v\u00e9ritable occasion d\u2019am\u00e9liorer<br \/>\nses connaissances et de d\u00e9velopper<br \/>\nl\u2019ensemble de ses comp\u00e9tences.<\/p>\n<p>Quels conseils ou suggestions<br \/>\ndonneriez-vous \u00e0 un \u00e9valuateur qui<br \/>\nvoudrait prendre une affectation<br \/>\npour une propri\u00e9t\u00e9 d\u00e9t\u00e9rior\u00e9e?<br \/>\nMon meilleur conseil, c\u2019est\u00a0:<br \/>\n\u00ab\u00a0ralentissez et prenez votre temps\u00a0\u00bb.<br \/>\nCommuniquez avec votre client avant<br \/>\nla fin de l\u2019\u00e9valuation pour les informer<br \/>\nde la situation; \u00e7a aussi, c\u2019est une bonne<br \/>\nid\u00e9e.  Enfin, si vous \u00eates nouveau<br \/>\ndans le domaine, travaillez en \u00e9troite<br \/>\ncollaboration avec un mentor, rappelez-<br \/>\nvous que le rapport doit toujours \u00eatre en<br \/>\nconformit\u00e9 avec NUPPEC. <\/p>\n<p>Ce qui a \u00e9t\u00e9 stimulant et int\u00e9ressant,<br \/>\nc\u2019est de d\u00e9terminer comment les<br \/>\ndiff\u00e9rents sous-march\u00e9s \u00e9valuaient les<br \/>\npropri\u00e9t\u00e9s qui avaient h\u00e9berg\u00e9 des sites de<br \/>\nculture. Selon le march\u00e9 et ses tendances,<br \/>\nl\u2019effet d\u2019une stigmatisation associ\u00e9e \u00e0<br \/>\nune propri\u00e9t\u00e9 peut \u00eatre compl\u00e8tement<br \/>\ndiff\u00e9rent. Par exemple, je suis s\u00fbr que la<br \/>\npopulation de la Colombie-Britannique<br \/>\nne voit pas ces propri\u00e9t\u00e9s du m\u00eame \u0153il<br \/>\nque les habitants des autres provinces. <\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 49Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-French<br \/>\nhttps:\/\/plus.google.com\/share?url=http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-French<br \/>\nhttp:\/\/twitter.com\/home\/?status=Article+from+@AIC_Canada+http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-French<br \/>\nhttp:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=http:\/\/www.aicanada.ca\/article\/CRA-Diversification-Walker-French<\/p>\n<p>M ichael McFarlane, AACI, P.App is a senior appraiser at PVCI Inc., a mid-size appraisal company in Whitby, Ontario,<br \/>\nprimarily servicing the GTA (Greater<br \/>\nToronto Area), the GGH (Greater Golden<br \/>\nHorseshoe) and Southwestern Ontario.<br \/>\nIn 2015, he earned his AACI designation<br \/>\nand is now establishing a very successful<br \/>\nappraisal career.<\/p>\n<p>What is your educational<br \/>\nbackground and work experience?<br \/>\nMM: In 2012, I graduated from the<br \/>\nReal Estate and Housing program at<br \/>\nthe University of Guelph. Shortly after<br \/>\ngraduating, I began working at PVCI<br \/>\nInc. as an analyst and, more recently, as a<br \/>\nsenior appraiser. <\/p>\n<p>What motivated you to choose<br \/>\nthe appraisal profession?<br \/>\nMM: Growing up, I always had a general<br \/>\ninterest in real estate. From reading home-<br \/>\nstyle magazines to observing residential<br \/>\nproperties whenever I got the chance, the <\/p>\n<p>THE FUTURE IS BRIGHT<\/p>\n<p>M I C H A E L  M C F A R L A N E ,  A A C I ,  P . A P P<\/p>\n<p>BUILDING A CAREER<br \/>\nON A SOLID FOUNDATION<\/p>\n<p>\u201cMY CAREER ASPIRATIONS<br \/>\nARE TO CONTINUE TO<br \/>\nDEVELOP MY SKILLSET<br \/>\nWITHIN THE FIELD OF LAND<br \/>\nDEVELOPMENT AND TO<br \/>\nMAKE THE BEST OF EACH<br \/>\nOPPORTUNITY THAT IS SET<br \/>\nIN FRONT OF ME.\u201d <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201650 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>\u201cI FIND THE BALANCE BETWEEN FIELDWORK AND OFFICE WORK TO BE SATISFYING AND A<br \/>\nCONTRIBUTING FACTOR TO THE GROWTH OF MY MARKETPLACE KNOWLEDGE.\u201d<\/p>\n<p>THE FUTURE IS BRIGHT<\/p>\n<p>unique characteristics of peoples\u2019 homes<br \/>\nintrigued and fascinated me. I wasn\u2019t sure<br \/>\nwhether or not I would eventually pursue<br \/>\na career in real estate, however, following<br \/>\nmy third year of university, I discovered<br \/>\nthat there was a demand for qualified<br \/>\nappraisers. I saw this as an opportunity<br \/>\nand began pursuing the steps towards my<br \/>\nAACI designation.<\/p>\n<p>What does your<br \/>\ncurrent position entail?<br \/>\nMM: As a senior appraiser, my<br \/>\nresponsibilities include completing<br \/>\nvarious valuation related assignments<br \/>\nfor a variety of asset types and clientele.<br \/>\nOne of my areas of specialization is in<br \/>\nland development, such as suburban<br \/>\ndevelopment properties and downtown<br \/>\ncondo sites.<\/p>\n<p>What do you enjoy most<br \/>\nabout working in the<br \/>\nappraisal profession?<br \/>\nMM: I particularly enjoy the<br \/>\ndiversification and balance of fieldwork<br \/>\nand office work. As an active individual,<br \/>\nI find the balance between the two to be<br \/>\nsatisfying and a contributing factor to the<br \/>\ngrowth of my marketplace knowledge.<br \/>\nMuch of an appraiser\u2019s work is done using<br \/>\ncomputers and programs like Google Earth<br \/>\nto research property data. However, I<br \/>\nmuch prefer getting a first-hand feel for<br \/>\nresidential communities, demographics,<br \/>\nand other geographical characteristics that<br \/>\ncontribute to property value. In terms of<br \/>\ndiversification, each appraisal assignment<br \/>\npresents a unique set of challenges and<br \/>\nlearning opportunities, which keeps me<br \/>\ninterested and focused. For me, it is the<br \/>\nideal combination.<\/p>\n<p>How long did the process take for<br \/>\nyou to achieve your designation?<br \/>\nMM: After graduating from the University<br \/>\nof Guelph, the process took approximately<br \/>\nthree years. This timeframe was slightly<br \/>\nshorter than expected, as I took two <\/p>\n<p>PGCV (Post-Graduate Certificate in<br \/>\nValuation) elective courses during my<br \/>\nfinal year of university. One of the<br \/>\ncourses \u2013 Commercial Property Analysis<br \/>\n\u2013 helped considerably in fast-tracking the<br \/>\neducational part of the program. <\/p>\n<p>What challenges did the<br \/>\ndesignation process present<br \/>\nfor you from both a work and<br \/>\npersonal perspective?<br \/>\nMM: The biggest challenge was<br \/>\nmanaging priorities in order to meet<br \/>\nday-to-day work related deadlines, to<br \/>\ncomplete the required coursework, and<br \/>\nto spend time with family and friends.<br \/>\nIn particular, completing the demo was<br \/>\ndemanding. It was the last educational<br \/>\nrequirement, but the extent and volume<br \/>\nof the work that was required to gather<br \/>\ndata and complete this component was<br \/>\nmost challenging for me. Otherwise,<br \/>\nthe program was very well structured<br \/>\nand manageable.<\/p>\n<p>From your own personal<br \/>\nexperience, how would you<br \/>\nevaluate the designation process?<br \/>\nMM: From start to finish, the<br \/>\ndesignation process requires a significant<br \/>\ntime commitment. While working full-<br \/>\ntime, completing coursework and trying<br \/>\nto mix in social time, completing my<br \/>\ndesignation challenged me to manage my<br \/>\ntime accordingly. Time management was<br \/>\ncertainly critical. <\/p>\n<p>As for the program\u2019s makeup, one<br \/>\nof the most valuable components of the<br \/>\nprocess for me personally was the work<br \/>\nproduct review. This requirement is<br \/>\nsubstantially different than submitting<br \/>\nother course material in that you are <\/p>\n<p>submitting a report that will or has been<br \/>\nsent to a client. The feedback from the<br \/>\nAppraisal Institute of Canada (AIC)<br \/>\nregarding this real-world work product<br \/>\nwas valuable, as it provided an outside<br \/>\nopinion on the quality of work and<br \/>\nthe way in which it is presented to<br \/>\nthe reader.<\/p>\n<p>How do you feel that the<br \/>\nprocess prepared you to meet<br \/>\nyour career challenges?<br \/>\nMM: The coursework throughout the<br \/>\nprocess was very useful in preparing<br \/>\nme for the technical\/theoretical side<br \/>\nof things, while the day-to-day work<br \/>\nin and out of the office helped to build<br \/>\nclient interaction skills that were not<br \/>\nnecessarily covered in the coursework.<br \/>\nIt was a good blend of the two.<\/p>\n<p>Looking back on it now,<br \/>\nwas there anything you<br \/>\nwould have done differently<br \/>\nthroughout the process?<br \/>\nMM: All things considered, probably<br \/>\nnot. Although when I do reflect on<br \/>\nthat time, I am certainly glad that I<br \/>\npursued the first steps to designation<br \/>\nwhile I was still completing my<br \/>\nundergraduate studies at Guelph.<br \/>\nIt made the journey considerably shorter<br \/>\nand less challenging. <\/p>\n<p>Who has helped you on<br \/>\nyour career path and what<br \/>\nhas been their impact?<br \/>\nMM: I owe a great deal of credit to<br \/>\nMurray Visser, AACI, P. App., who<br \/>\nafforded me the opportunity to get<br \/>\nstarted in the appraisal profession. As a<br \/>\njunior staff member, I was also fortunate <\/p>\n<p>\u201cTHE FEEDBACK FROM THE AIC REGARDING THIS REAL-WORLD<br \/>\nWORK PRODUCT WAS VALUABLE, AS IT PROVIDED  <\/p>\n<p>AN OUTSIDE OPINION ON THE QUALITY OF WORK AND THE<br \/>\nWAY IN WHICH IT IS PRESENTED TO THE READER.\u201d<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 51Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>THE FUTURE IS BRIGHT<\/p>\n<p>enough to work closely with highly<br \/>\nknowledgeable and experienced senior<br \/>\nstaff members such as Tobe Otvos, Rick<br \/>\nVan Andel and Robert MacFarlane. Being<br \/>\nable to observe how these individuals<br \/>\nconduct their business, and being able to<br \/>\nbenefit from their suggestions and support<br \/>\nhas been invaluable in the development of<br \/>\nmy appraisal skills, my general real estate<br \/>\nknowledge, and my overall growth<br \/>\nas a professional. <\/p>\n<p>Going forward, what are<br \/>\nyour career aspirations?<br \/>\nMM: At this point, I have been fortunate<br \/>\nto work on a variety of land development<br \/>\nassignments such as downtown condo<br \/>\nsites and suburban properties throughout<br \/>\nOntario. I am particularly interested<br \/>\nin this sector as I enjoy analyzing the<br \/>\nhousing market and find it satisfying to<br \/>\nwork with a dynamic mix of clientele.<br \/>\nGoing forward, my career aspirations are<br \/>\nto continue to develop my skillset within<br \/>\nthe field of land development and to<br \/>\nmake the best of each opportunity that is<br \/>\nset in front of me. <\/p>\n<p>What motivates you to succeed?<br \/>\nMM: There are many things that<br \/>\nmotivate me, but I think the most<br \/>\nnotable would have to be the family,<br \/>\nfriends and colleagues who surround me<br \/>\nand play a big role in my life.<\/p>\n<p>What are the biggest<br \/>\nchallenges you see facing<br \/>\nthe profession in general?<br \/>\nMM: Filling the numbers gap between<br \/>\nexperienced and young professionals<br \/>\nis definitely a potential challenge for<br \/>\nthe appraisal profession. Young people<br \/>\nneed to be encouraged to enter the<br \/>\nappraisal field and, once there, to learn<br \/>\nfrom those who have gone before them.<br \/>\nOn a positive note in that regard, since<br \/>\nI began working in the industry in <\/p>\n<p>2012, I have noticed significantly more<br \/>\nyoung professionals entering the field<br \/>\nand working closely with experience<br \/>\nappraisers, which is an excellent start to<br \/>\nclosing the experience gap.<\/p>\n<p>What are the biggest<br \/>\nchallenges facing people<br \/>\nentering the profession?<br \/>\nMM: Based on my experience, it would<br \/>\nseem that one of the biggest challenges<br \/>\nlies in obtaining a designation without<br \/>\nhaving a business degree. Having a<br \/>\nbusiness or related degree is certainly an<br \/>\nadvantage, as it dramatically shortens the<br \/>\npath to designation. Another challenge<br \/>\nI know that people face is in finding<br \/>\na mentor to support and guide them<br \/>\nthrough the process. Because many<br \/>\nbusinesspeople think of mentoring<br \/>\nas volunteer work and do not place a<br \/>\ntangible value on it, they often tend to<br \/>\nnot get involved in this way. I was very<br \/>\nfortunate in this regard and still rely on<br \/>\nmy mentors to this day. <\/p>\n<p>Do you participate in AIC<br \/>\nevents or activities?<br \/>\nMM: I regularly attend AIC chapter<br \/>\nmeetings, which feature guest speakers<br \/>\nand a variety of discussion topics. These<br \/>\nmeetings are an excellent way to discuss<br \/>\npast experiences and current trends<br \/>\nwith peers and they can also provide a<br \/>\nbeneficial networking system for local<br \/>\nAIC members. In 2014, I ventured<br \/>\nbeyond the Ontario borders and attended<br \/>\nthe AIC Annual Conference in Halifax.<br \/>\nIt was a great experience that gave me<br \/>\nthe opportunity to meet and network <\/p>\n<p>with a number of appraisal professionals<br \/>\nfrom across the country. As my career<br \/>\ncontinues to grow and evolve, I can<br \/>\ndefinitely see my involvement within the<br \/>\nAIC growing as well. <\/p>\n<p>Do you see this kind of<br \/>\ninvolvement as an important<br \/>\npart of an appraiser\u2019s<br \/>\ncareer development?<br \/>\nMM: There is no question that actively<br \/>\nparticipating in the profession is an<br \/>\nimportant part of an appraiser\u2019s career.<br \/>\nHaving the opportunity to network and<br \/>\nshare experiences with your colleagues<br \/>\ncan contribute tremendously to personal<br \/>\ngrowth and it also presents opportunities<br \/>\nthat might not have been there otherwise.<\/p>\n<p>Do you have any advice<br \/>\nor suggestions for people<br \/>\nentering the profession?<br \/>\nMM: Although it may seem like a long<br \/>\nroad to obtain an appraisal designation,<br \/>\nmy advice would be to steadfastly stay<br \/>\nthe course. It is a rewarding profession<br \/>\nwith an underlying skillset that provides<br \/>\na concrete foundation for understanding<br \/>\nreal estate. That understanding spans<br \/>\nfar beyond the valuation profession<br \/>\nand opens doors to a number of<br \/>\nopportunities. There will most definitely<br \/>\nbe times of uncertainty, so ask questions,<br \/>\nkeep an open mind and think outside<br \/>\nthe box. If at all possible, find a mentor<br \/>\nor mentors who will be there for you<br \/>\nthrough the good times and the bad.<\/p>\n<p>How do you spend your personal<br \/>\ntime away from work?<br \/>\nMM: My personal time consists of<br \/>\nstaying active and spending time with<br \/>\nfamily and friends. I played hockey all<br \/>\nthrough university and still manage to<br \/>\nplay today. I also enjoying playing golf,<br \/>\nrunning, and playing squash. <\/p>\n<p>\u201cI AM CERTAINLY GLAD THAT I PURSUED THE FIRST STEPS<br \/>\nTO DESIGNATION WHILE I WAS STILL COMPLETING MY <\/p>\n<p>UNDERGRADUATE STUDIES AT GUELPH. IT MADE THE JOURNEY<br \/>\nCONSIDERABLY SHORTER AND LESS CHALLENGING.\u201d <\/p>\n<p>\u201cAS MY CAREER CONTINUES TO GROW AND EVOLVE,<br \/>\nI CAN DEFINITELY SEE MY INVOLVEMENT WITHIN<br \/>\nTHE AIC GROWING AS WELL.\u201d <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201652 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>M I C H A E L  M C F A R L A N E ,  A A C I ,  P . A P P<\/p>\n<p>SE B\u00c2TIR UNE CARRI\u00c8RE<br \/>\nSUR UNE BASE SOLIDE <\/p>\n<p>M ichael McFarlane, AACI, P.App est un \u00e9valuateur principal chez PVCI Inc., une entreprise d\u2019 \u00e9valuation de taille moyenne de Whitby, en<br \/>\nOntario, qui offre ses services principalement<br \/>\ndans la GTA (r\u00e9gion du grand Toronto), le<br \/>\nGGH (Greater Golden Horseshoe) et le sud-<br \/>\nouest de l\u2019Ontario. En 2015, il a obtenu sa<br \/>\nd\u00e9signation AACI et il se taille pr\u00e9sentement une<br \/>\ntr\u00e8s belle carri\u00e8re en \u00e9valuation.<\/p>\n<p>Qu\u2019avez-vous comme \u00e9tudes<br \/>\net exp\u00e9rience de travail?<br \/>\nMM : En 2012, j\u2019ai obtenu mon dipl\u00f4me<br \/>\nau programme Immobilier et Logement de<br \/>\nl\u2019Universit\u00e9 de Guelph. Peu apr\u00e8s, j\u2019ai commenc\u00e9<br \/>\n\u00e0 travailler chez PVCI Inc. comme analyste et,<br \/>\nplus r\u00e9cemment, comme \u00e9valuateur principal. <\/p>\n<p>Qu\u2019est-ce qui vous a amen\u00e9 \u00e0<br \/>\nchoisir la profession d\u2019\u00e9valuation?<br \/>\nMM : Depuis mon enfance, je me suis toujours<br \/>\nint\u00e9ress\u00e9 \u00e0 l\u2019immobilier. Depuis la lecture de<br \/>\nrevues architecturales jusqu\u2019\u00e0 l\u2019observation<br \/>\nde propri\u00e9t\u00e9s r\u00e9sidentielles chaque fois que<br \/>\nl\u2019occasion se pr\u00e9sentait, j\u2019ai toujours \u00e9t\u00e9 intrigu\u00e9<br \/>\net fascin\u00e9 par les caract\u00e9ristiques uniques des<br \/>\nhabitations humaines. Je ne savais pas si j\u2019allais<br \/>\n\u00e9ventuellement poursuivre ou non une carri\u00e8re<br \/>\ndans l\u2019immobilier. C\u2019est \u00e0 la fin de ma troisi\u00e8me<br \/>\nann\u00e9e \u00e0 l\u2019universit\u00e9 que j\u2019ai d\u00e9couvert qu\u2019il y<br \/>\navait une demande d\u2019\u00e9valuateurs qualifi\u00e9s. J\u2019y ai<br \/>\nvu une opportunit\u00e9 et j\u2019ai entrepris la d\u00e9marche<br \/>\nen vue de l\u2019obtention de ma d\u00e9signation AACI.<\/p>\n<p>Quelles fonctions comporte<br \/>\nvotre poste actuel?<br \/>\nMM : En qualit\u00e9 d\u2019\u00e9valuateur principal, mes<br \/>\nresponsabilit\u00e9s comprennent l\u2019ex\u00e9cution de<br \/>\ndivers contrats de service d\u2019\u00e9valuation pour <\/p>\n<p>L\u2019AVENIR S\u2019ANNONCE BRILLANT<\/p>\n<p>\u00ab MES ASPIRATIONS DE CARRI\u00c8RE CONSISTENT<br \/>\nMAINTENANT \u00c0 POURSUIVRE LE D\u00c9VELOPPEMENT DE MES<br \/>\nCOMP\u00c9TENCES DANS LE DOMAINE DE L\u2019AM\u00c9NAGEMENT<br \/>\nDE TERRAIN ET DE PROFITER AU MAXIMUM DE CHAQUE<br \/>\nOCCASION D\u2019APPRENDRE QUI SE PR\u00c9SENTE \u00c0 MOI. \u00bb<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 53Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>L\u2019AVENIR S\u2019ANNONCE BRILLANT<\/p>\n<p>divers types de biens et de clients. Je me<br \/>\nsp\u00e9cialise notamment en am\u00e9nagement<br \/>\nde terrain, y compris les lotissements<br \/>\nsuburbains et les condominiums au<br \/>\ncentre-ville. <\/p>\n<p>Qu\u2019est-ce qui vous procure<br \/>\nle plus de satisfaction dans<br \/>\nla profession d\u2019\u00e9valuation?<br \/>\nMM : J\u2019aime tout particuli\u00e8rement la<br \/>\ndiversification et l\u2019\u00e9quilibre entre le travail<br \/>\nsur le terrain et le travail au bureau. Je suis<br \/>\nune personne active et j\u2019appr\u00e9cie beaucoup<br \/>\nla possibilit\u00e9 d\u2019\u00e9tablir un juste \u00e9quilibre<br \/>\nentre les deux et l\u2019occasion d\u2019enrichir mes<br \/>\nconnaissances du march\u00e9. Une bonne<br \/>\npartie de mon travail d\u2019\u00e9valuateur se fait<br \/>\nsur ordinateur \u00e0 l\u2019aide de programmes<br \/>\ntels Google Earth qui me permettent de<br \/>\nfaire des recherches sur les donn\u00e9es d\u2019une<br \/>\npropri\u00e9t\u00e9. Cependant, je pr\u00e9f\u00e8re observer<br \/>\nde mes propres yeux les collectivit\u00e9s<br \/>\nr\u00e9sidentielles, les r\u00e9alit\u00e9s d\u00e9mographiques<br \/>\net les autres caract\u00e9ristiques g\u00e9ographiques<br \/>\nqui contribuent \u00e0 la valeur d\u2019une propri\u00e9t\u00e9.<br \/>\nEn termes de diversification, chaque<br \/>\ncontrat de service d\u2019\u00e9valuation pr\u00e9sente un<br \/>\nensemble unique de d\u00e9fis et d\u2019occasions<br \/>\nd\u2019apprendre, ce qui m\u2019aide \u00e0 demeurer<br \/>\nint\u00e9ress\u00e9 et concentr\u00e9. C\u2019est pour moi une<br \/>\ncombinaison id\u00e9ale. <\/p>\n<p>Combien de temps vous<br \/>\na-t-il fallu pour obtenir<br \/>\nvotre d\u00e9signation?<br \/>\nMM : Apr\u00e8s avoir termin\u00e9 mes \u00e9tudes<br \/>\n\u00e0 l\u2019Universit\u00e9 de Guelph, le processus a<br \/>\npris environ trois ans. Le processus a<br \/>\ndonc \u00e9t\u00e9 un peu plus court que pr\u00e9vu<br \/>\nparce que j\u2019ai suivi deux cours au choix<br \/>\nde cycle sup\u00e9rieur en \u00e9valuation au cours<br \/>\nde ma derni\u00e8re ann\u00e9e d\u2019universit\u00e9.  <\/p>\n<p>Un de ces cours \u2013 Analyse de propri\u00e9t\u00e9s<br \/>\ncommerciales \u2013 m\u2019a beaucoup aid\u00e9 \u00e0<br \/>\nacc\u00e9l\u00e9rer la partie th\u00e9orique de mon<br \/>\nprogramme d\u2019apprentissage. <\/p>\n<p>Quels d\u00e9fis le processus<br \/>\nde d\u00e9signation vous a-t-il<br \/>\npr\u00e9sent\u00e9s, tant aux plans<br \/>\nprofessionnel que personnel?<br \/>\nMM : Le plus grand d\u00e9fi pour moi a<br \/>\n\u00e9t\u00e9 de g\u00e9rer mes priorit\u00e9s de mani\u00e8re<br \/>\n\u00e0 rencontrer mes \u00e9ch\u00e9ances dans mon<br \/>\ntravail de tous les jours, de remettre mes<br \/>\ntravaux de cours \u00e0 temps et de passer<br \/>\ndu temps avec ma famille et mes amis.<br \/>\nLe travail de pr\u00e9paration d\u2019une d\u00e9mo a<br \/>\n\u00e9t\u00e9 particuli\u00e8rement exigeant. C\u2019\u00e9tait la<br \/>\nderni\u00e8re exigence en mati\u00e8re d\u2019\u00e9tudes, mais<br \/>\nla port\u00e9e et le volume de travail requis pour<br \/>\nrassembler les donn\u00e9es et compl\u00e9ter ce<br \/>\ncomposant a \u00e9t\u00e9 tr\u00e8s difficile pour moi.<br \/>\nPar ailleurs, le reste du programme \u00e9tait<br \/>\ntr\u00e8s bien  structur\u00e9 et g\u00e9rable.<\/p>\n<p>Dans votre exp\u00e9rience<br \/>\npersonnelle quelle \u00e9valuation<br \/>\nfaites-vous du processus<br \/>\nde d\u00e9signation?<br \/>\nMM : Du d\u00e9but \u00e0 la fin, le processus<br \/>\nde d\u00e9signation exige beaucoup de<br \/>\ntemps. Ayant \u00e0 travailler \u00e0 temps plein,<br \/>\n\u00e0 compl\u00e9ter mes devoirs de cours et \u00e0<br \/>\nmaintenir une vie sociale, l\u2019obtention de<br \/>\nma d\u00e9signation m\u2019a oblig\u00e9 \u00e0 g\u00e9rer mon<br \/>\ntemps en cons\u00e9quence. La gestion du<br \/>\ntemps a certes \u00e9t\u00e9 un aspect critique. <\/p>\n<p>En ce qui a trait \u00e0 la composition du<br \/>\nprogramme, un des composants les plus<br \/>\nvalables du processus aura \u00e9t\u00e9 pour moi<br \/>\nl\u2019examen du produit du travail. Cette<br \/>\nexigence est tr\u00e8s diff\u00e9rente de la remise<br \/>\nd\u2019autres travaux de cours parce que vous <\/p>\n<p>avez \u00e0 soumettre un rapport qui a \u00e9t\u00e9 ou<br \/>\nqui sera envoy\u00e9 \u00e0 un client. La r\u00e9troaction<br \/>\nde l\u2019Institut canadien des \u00e9valuateurs (ICE)<br \/>\nface \u00e0 ce travail concret a \u00e9t\u00e9 tr\u00e8s pr\u00e9cieuse<br \/>\nparce qu\u2019elle m\u2019a fourni une opinion<br \/>\nobjective sur la qualit\u00e9 de mon travail et<br \/>\nsur ma fa\u00e7on de le pr\u00e9senter au lecteur.   <\/p>\n<p>Selon vous, comment le processus<br \/>\nvous a-t-il pr\u00e9par\u00e9 \u00e0 faire face<br \/>\n\u00e0 vos d\u00e9fis de carri\u00e8re?<br \/>\nMM : Tout au long du processus, le travail<br \/>\ndu cours m\u2019a tr\u00e8s bien pr\u00e9par\u00e9 \u00e0 traiter les<br \/>\naspects th\u00e9oriques\/techniques des choses<br \/>\nalors que le travail de tous les jours au bureau<br \/>\net sur le terrain m\u2019a aid\u00e9 \u00e0 d\u00e9velopper mes<br \/>\ncomp\u00e9tences en interaction avec les clients,<br \/>\nce qui n\u2019\u00e9tait pas n\u00e9cessairement couvert<br \/>\ndans le travail du cours. Ce fut un bon<br \/>\nm\u00e9lange des deux.<\/p>\n<p>En r\u00e9trospective, y a-t-il<br \/>\ndes choses que vous auriez<br \/>\nfaites diff\u00e9remment dans<br \/>\ntout ce processus?<br \/>\nMM : Tout compte fait, probablement<br \/>\npas. Sauf que quand je r\u00e9fl\u00e9chis sur cette<br \/>\np\u00e9riode, je suis certainement fier d\u2019avoir<br \/>\nfait les premiers pas vers ma d\u00e9signation<br \/>\navant de terminer mes \u00e9tudes de premier<br \/>\ncycle \u00e0 Guelph. Mon cheminement a \u00e9t\u00e9<br \/>\nconsid\u00e9rablement plus court et beaucoup<br \/>\nmoins p\u00e9nible. <\/p>\n<p>Qui vous a aid\u00e9 dans votre<br \/>\ncheminement de carri\u00e8re et quelle<br \/>\ninfluence ont-ils exerc\u00e9e sur vous?<br \/>\nMM : Je dois beaucoup \u00e0 Murray Visser,<br \/>\nAACI, P. App., qui m\u2019a donn\u00e9 l\u2019occasion<br \/>\nd\u2019entreprendre une carri\u00e8re en \u00e9valuation.<br \/>\nEn qualit\u00e9 d\u2019employ\u00e9 subalterne,<br \/>\nj\u2019ai aussi eu la chance de c\u00f4toyer des<br \/>\ncadres sup\u00e9rieurs tr\u00e8s comp\u00e9tents et<br \/>\nexp\u00e9riment\u00e9s tels Tobe Otvos, Rick Van<br \/>\nAndel et Robert MacFarlane. Le fait<br \/>\nde pouvoir observer comment ces<br \/>\nexperts menaient leurs affaires et de<br \/>\npouvoir profiter de leurs suggestions et<br \/>\nappuis m\u2019a aid\u00e9 \u00e9norm\u00e9ment \u00e0 parfaire <\/p>\n<p>\u00ab J\u2019APPR\u00c9CIE BEAUCOUP LA POSSIBILIT\u00c9 D\u2019\u00c9TABLIR<br \/>\nUN JUSTE \u00c9QUILIBRE ENTRE LE TRAVAIL SUR LE TERRAIN<br \/>\nET LE TRAVAIL AU BUREAU ET L\u2019OCCASION D\u2019ENRICHIR<br \/>\nMES CONNAISSANCES DU MARCH\u00c9. \u00bb <\/p>\n<p>\u00ab LA R\u00c9TROACTION DE L\u2019ICE FACE \u00c0 CE TRAVAIL CONCRET A \u00c9T\u00c9 TR\u00c8S PR\u00c9CIEUSE PARCE<br \/>\nQU\u2019ELLE M\u2019A FOURNI UNE OPINION OBJECTIVE SUR LA QUALIT\u00c9 DE MON TRAVAIL ET SUR MA<br \/>\nFA\u00c7ON DE LE PR\u00c9SENTER AU LECTEUR. \u00bb <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201654 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>L\u2019AVENIR S\u2019ANNONCE BRILLANT<\/p>\n<p>mes comp\u00e9tences en \u00e9valuation, mes<br \/>\nconnaissances g\u00e9n\u00e9rales en immobilier et<br \/>\nmon d\u00e9veloppement personnel. <\/p>\n<p>En ce qui concerne l\u2019avenir, quelles<br \/>\nsont vos aspirations de carri\u00e8re?<br \/>\nMM : \u00c0 ce stade, j\u2019ai eu la bonne fortune<br \/>\nde travailler \u00e0 divers contrats de service<br \/>\nd\u2019am\u00e9nagement de terrain, tels des<br \/>\nsites de condominium au centre-ville<br \/>\net des lotissements suburbains un peu<br \/>\npartout en Ontario. Je m\u2019int\u00e9resse tout<br \/>\nparticuli\u00e8rement \u00e0 ce secteur d\u2019activit\u00e9s<br \/>\nparce que j\u2019aime analyser le march\u00e9<br \/>\nde l\u2019habitation et je tire une grande<br \/>\nsatisfaction \u00e0 travailler avec une client\u00e8le<br \/>\ndiversifi\u00e9e et dynamique.\u00a0Mes aspirations<br \/>\nde carri\u00e8re consistent maintenant \u00e0<br \/>\npoursuivre le d\u00e9veloppement de mes<br \/>\ncomp\u00e9tences dans le domaine de<br \/>\nl\u2019am\u00e9nagement de terrain et de profiter au<br \/>\nmaximum de chaque occasion d\u2019apprendre<br \/>\nqui se pr\u00e9sente \u00e0 moi.\u00a0<\/p>\n<p>Qu\u2019est-ce qui vous motive \u00e0 r\u00e9ussir?<br \/>\nMM : Plusieurs choses me motivent, mais<br \/>\nje dirais que la plus importante est ma<br \/>\nfamille, mes amis et mes coll\u00e8gues; tous<br \/>\nceux qui m\u2019entourent et qui jouent un<br \/>\ngrand r\u00f4le dans ma vie.   <\/p>\n<p>Selon vous, quels sont les<br \/>\nplus grands d\u00e9fis que devra<br \/>\nsurmonter l\u2019ensemble<br \/>\nde la profession?<br \/>\nMM : Pr\u00e9parer un nombre suffisant<br \/>\nde jeunes professionnels \u00e0 prendre la<br \/>\nrel\u00e8ve des \u00e9valuateurs exp\u00e9riment\u00e9s est<br \/>\nassur\u00e9ment un important d\u00e9fi que la<br \/>\nprofession d\u2019\u00e9valuation devra surmonter.<br \/>\nIl faut encourager les jeunes \u00e0 entrer dans<br \/>\nle domaine de l\u2019\u00e9valuation et, une fois<br \/>\nentr\u00e9s, \u00e0 apprendre de ceux qui sont pass\u00e9s<br \/>\navant eux. Sur une note positive \u00e0 cet<br \/>\n\u00e9gard, depuis mes d\u00e9buts dans l\u2019industrie<br \/>\nen 2012, j\u2019ai constat\u00e9 que de plus en plus<br \/>\nde jeunes professionnels entrent dans le<br \/>\ndomaine et travaillent avec des \u00e9valuateurs <\/p>\n<p>\u00ab \u00c0 MESURE QUE MA CARRI\u00c8RE SE D\u00c9VELOPPE<br \/>\nET \u00c9VOLUE, JE PR\u00c9VOIS M\u2019ENGAGER DE PLUS EN PLUS  <\/p>\n<p>AU SEIN DE L\u2019ICE. \u00bb <\/p>\n<p>d\u2019exp\u00e9rience, ce qui est un excellent moyen<br \/>\nde combler un manque d\u2019exp\u00e9rience. <\/p>\n<p>Quels sont les principaux d\u00e9fis que<br \/>\ndoivent surmonter les nouveaux<br \/>\nvenus dans la  profession?<br \/>\nMM : D\u2019apr\u00e8s mon exp\u00e9rience, il semble que<br \/>\nl\u2019un des plus grands d\u00e9fis serait d\u2019obtenir<br \/>\nune d\u00e9signation sans poss\u00e9der un grade en<br \/>\naffaires. Le fait d\u2019avoir un grade en affaires<br \/>\nou dans un domaine connexe pr\u00e9sente<br \/>\ncertainement un avantage parce qu\u2019il<br \/>\nr\u00e9duit consid\u00e9rablement le parcours vers la<br \/>\nd\u00e9signation. Un autre d\u00e9fi que j\u2019ai observ\u00e9<br \/>\nchez les gens consiste \u00e0 trouver un mentor<br \/>\nqui est pr\u00eat \u00e0 les appuyer et \u00e0 les guider dans<br \/>\nle processus. \u00c9tant donn\u00e9 que de nombreux<br \/>\ngens d\u2019affaires consid\u00e8rent le mentorat<br \/>\ncomme une activit\u00e9 b\u00e9n\u00e9vole qui n\u2019a aucune<br \/>\nvaleur concr\u00e8te, ils ont souvent tendance<br \/>\n\u00e0 ne pas s\u2019engager sur ce plan. J\u2019ai \u00e9t\u00e9 tr\u00e8s<br \/>\nchanceux \u00e0 cet \u00e9gard et je continue, encore<br \/>\naujourd\u2019hui, de me fier \u00e0 mes mentors. <\/p>\n<p>Participez-vous \u00e0 des \u00e9v\u00e9nements<br \/>\nou activit\u00e9s de l\u2019ICE?<br \/>\nMM : J\u2019assiste r\u00e9guli\u00e8rement aux r\u00e9unions<br \/>\ndu chapitre de l\u2019ICE qui nous pr\u00e9sente<br \/>\ndes conf\u00e9renciers invit\u00e9s et divers sujets<br \/>\nde discussion.\u00a0Ces rencontres sont un<br \/>\nexcellent moyen de discuter avec ses pairs<br \/>\ndes exp\u00e9riences du pass\u00e9 et des tendances<br \/>\ncourantes et de mettre sur pied un syst\u00e8me<br \/>\nefficace de r\u00e9seautage des membres locaux<br \/>\nde l\u2019ICE. En  2014, je me suis aventur\u00e9<br \/>\nau-del\u00e0 des fronti\u00e8res de l\u2019Ontario pour<br \/>\nassister au congr\u00e8s annuel de l\u2019ICE \u00e0 Halifax.<br \/>\nCe fut une belle exp\u00e9rience qui m\u2019a donn\u00e9<br \/>\nl\u2019occasion de rencontrer des \u00e9valuateurs<br \/>\nprofessionnels de partout au pays et de me<br \/>\nmettre en r\u00e9seau avec eux. \u00c0 mesure que ma<br \/>\ncarri\u00e8re se d\u00e9veloppe et \u00e9volue, je pr\u00e9vois<br \/>\nm\u2019engager de plus en plus au sein de l\u2019ICE.\u00a0<\/p>\n<p>Consid\u00e9rez-vous cet engagement<br \/>\ncomme un \u00e9l\u00e9ment important<br \/>\nde d\u00e9veloppement de la<br \/>\ncarri\u00e8re d\u2019un \u00e9valuateur?<br \/>\nMM : Il ne fait aucun doute qu\u2019une<br \/>\nparticipation active \u00e0 la profession est<br \/>\nun \u00e9l\u00e9ment important de la carri\u00e8re<br \/>\nd\u2019un \u00e9valuateur. Quand on a l\u2019occasion<br \/>\nd\u2019\u00e9tablir des contacts et de partager<br \/>\ndes exp\u00e9riences avec des coll\u00e8gues, on<br \/>\ns\u2019enrichit \u00e9norm\u00e9ment au plan personnel<br \/>\net on s\u2019ouvre \u00e0 des occasions qui ne se<br \/>\npr\u00e9senteraient pas autrement.<\/p>\n<p>Avez-vous quelques conseils ou<br \/>\nsuggestions pour les gens qui<br \/>\nentrent dans la profession?<br \/>\nMM : Bien que l\u2019obtention d\u2019une<br \/>\nd\u00e9signation d\u2019\u00e9valuateur semble \u00eatre un<br \/>\nlong cheminement, mon conseil serait<br \/>\nde s\u2019y appliquer constamment. C\u2019est une<br \/>\nprofession gratifiante qui fait appel \u00e0 un<br \/>\nensemble de comp\u00e9tences qui permet de<br \/>\ncomprendre le domaine de l\u2019immobilier.<br \/>\nCette compr\u00e9hension d\u00e9borde largement<br \/>\nle cadre de la profession d\u2019\u00e9valuation<br \/>\net ouvre la porte \u00e0 de nombreuses<br \/>\nopportunit\u00e9s. Vous traverserez<br \/>\ncertainement des p\u00e9riodes d\u2019incertitude,<br \/>\nalors posez des questions, gardez l\u2019esprit<br \/>\nouvert et pensez en-dehors des sentiers<br \/>\nbattus. Si possible, trouvez-vous un ou<br \/>\nplusieurs mentors qui seront l\u00e0 pour vous<br \/>\nbeau temps mauvais temps. <\/p>\n<p>Que faites-vous en dehors<br \/>\ndes heures de travail?<br \/>\nMM : Dans mes loisirs, je demeure actif<br \/>\net j\u2019aime passer du temps avec ma famille<br \/>\net mes amis. J\u2019ai jou\u00e9 au hockey pendant<br \/>\ntoutes mes \u00e9tudes universitaires et c\u2019est un<br \/>\nsport que j\u2019arrive encore \u00e0 pratiquer. J\u2019aime<br \/>\naussi le golf, la course et le squash. <\/p>\n<p>\u00ab JE SUIS CERTAINEMENT FIER D\u2019AVOIR FAIT LES PREMIERS PAS VERS MA D\u00c9SIGNATION<br \/>\nAVANT DE TERMINER MES \u00c9TUDES DE PREMIER CYCLE \u00c0 GUELPH. MON CHEMINEMENT A \u00c9T\u00c9 <\/p>\n<p>CONSID\u00c9RABLEMENT PLUS COURT ET BEAUCOUP MOINS P\u00c9NIBLE. \u00bb <\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 55Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>NEWS\/NOUVELLES<\/p>\n<p>AND THE WINNERS ARE\u2026 <\/p>\n<p>\u201cNot only is being recognized<br \/>\nin this way by a national<br \/>\norganization like the Appraisal<br \/>\nInstitute of Canada a very<br \/>\nbig deal to me, it is also<br \/>\nvery humbling,\u201d says Joanne<br \/>\nSlaney. \u201cI have never seen my<br \/>\naccomplishments as being<br \/>\nextraordinary in any way, I just<br \/>\nlove what I do.\u201d<\/p>\n<p>While Joanne may<br \/>\nsee it that way, her list of<br \/>\naccomplishments is indeed<br \/>\nextraordinary. After graduating<br \/>\nfrom Memorial University<br \/>\nin 2004 with a Bachelor of<br \/>\nCommerce and a Bachelor of <\/p>\n<p>Arts, Joanne earned her AACI designation from the AIC in<br \/>\n2008. Armed with that designation, she quickly became a key<br \/>\nplayer with the Altus Group where her responsibilities include<br \/>\noverseeing the sales and lease databases, conducting consulting<br \/>\nand market research studies, participating in the development<br \/>\nof standardized valuation methodology for appraisal<br \/>\nassignments and sales information analysis, playing a key role<br \/>\nin the development and management of practice groups and an<br \/>\nintranet portal for storing knowledge that can be referenced by<br \/>\nher colleagues, and participating in various Altus Group teams <\/p>\n<p>involved in consulting assignments for government and<br \/>\nprivate clients. <\/p>\n<p>\u201cIt\u2019s in my DNA to give 110%,\u201d she says. \u201cMy father ran<br \/>\nhis own business for years and I was able to see first hand<br \/>\nthe fruits of his labour. Building things and playing a part in<br \/>\ntheir success is very rewarding to me personally.\u201d<\/p>\n<p>As if her responsibilities with Altus Group do not keep<br \/>\nher busy enough, Joanne is very involved in numerous AIC<br \/>\nactivities and events. As a Candidate Member, she served on the<br \/>\nAIC\u2019s Candidate Committee; she also served on the National<br \/>\nMarketing Committee, where she has been instrumental in the<br \/>\ndevelopment of the AIC website; she has held various positions<br \/>\nat the local AIC Board level, including becoming the first female<br \/>\npresident of the AIC-NL. Joanne currently serves on the Board<br \/>\nof Examiners for AIC-NL; and she continually promotes the<br \/>\nappraisal profession by meeting with Candidates, participating<br \/>\nin Co-op Education Career Opportunities, and regularly<br \/>\nattending tradeshows and industry events.<\/p>\n<p>According to Joanne, \u201cI believe it is important to give<br \/>\nback when you can. When I first joined Altus, the four<br \/>\npartners were heavily involved with the profession on both<br \/>\na national and local level. They stressed the importance of<br \/>\ndoing so and set an example for me that I follow to this day.<br \/>\nI took a step back when my son was born a couple of years<br \/>\nago, but I plan to continue volunteering, albeit on a more<br \/>\nselective, national basis. I hope to play more of a leadership<br \/>\nrole with my volunteer activities going forward.\u201d<\/p>\n<p>The winners have been announced in the inaugural Appraisal<br \/>\nInstitute of Canada (AIC) Top Appraiser Under 40 Award.<br \/>\nCongratulations are in order for Joanne Slaney, AACI, P.App<br \/>\nin the Top Female category and Clifford Smirl, AACI, P.App<br \/>\nas the Top Male. <\/p>\n<p>The award recognizes exceptional young appraisal professionals<br \/>\nwho are making significant accomplishments within the appraisal<br \/>\nprofession and their communities. Chosen from 17 nominees<br \/>\nacross Canada, Joanne and Cliff are truly remarkable in their<br \/>\ncapacity to accomplish great things in their careers, while making<br \/>\nsignificant contributions to the profession and the communities in<br \/>\nwhich they live.<\/p>\n<p>JOANNE SLANEY, AACI, P.App<br \/>\nDirector and General Manager \u2013 Altus Group, NL office<br \/>\nSt. John\u2019s, Newfoundland<\/p>\n<p>\u201cI HAVE NEVER<br \/>\nSEEN MY <\/p>\n<p>ACCOMPLISHMENTS<br \/>\nAS BEING <\/p>\n<p>EXTRAORDINARY<br \/>\nIN ANY WAY, I JUST <\/p>\n<p>LOVE WHAT I DO.\u201d<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201656 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>NEWS\/NOUVELLES<\/p>\n<p>Upon reviewing the<br \/>\naccomplishments of Clifford<br \/>\nSmirl, one is immediately struck<br \/>\nby his obvious desire to be<br \/>\ninvolved and to continuously<br \/>\nimprove. \u201cI used to be a<br \/>\ncompetitive swimmer,\u201d says<br \/>\nClifford. \u201cThe desire to strive for<br \/>\nconsistent improvement and seek<br \/>\nnew challenges can probably be<br \/>\ntraced back to my early years in<br \/>\nathletics. Life itself is the most<br \/>\ncompetitive endeavor there is and<br \/>\nI owe it to my family to work<br \/>\nhard, improve, and be positive in<br \/>\nall aspects of life.\u201d <\/p>\n<p>Clifford is a lifelong learner,<br \/>\nhaving achieved his Bachelor<br \/>\nof Arts in 2004, a Masters of<br \/>\nBusiness Administration in<br \/>\n2006, and a Post-Graduate <\/p>\n<p>Certificate in Real Property Valuation (PGCV) in 2008. He is<br \/>\ncurrently completing post-graduate studies at Sonoma State<br \/>\nUniversity\u2019s Wine Business Institute and is in the process of<br \/>\ncompleting a Doctorate in Aboriginal Housing Economics.<br \/>\nHe earned his AACI designation in 2010 and his MAI in 2014.  <\/p>\n<p>\u201cThe nature of our business is that you never stop learning,\u201d<br \/>\nsays Clifford. \u201cContinuous education and professional<br \/>\ndevelopment will always be a big part of my life and my career.\u201d<\/p>\n<p>In 2008, Clifford joined Kent-Macpherson as a fee appraiser<br \/>\nand became a partner in 2014. Since entering the profession, he<br \/>\nhas been actively involved in appraising residential, industrial,<br \/>\ncommercial and investment assets, including extensive experience<br \/>\nin special use properties, and is highly experienced in expert<br \/>\nwitness\/litigation assignments and First Nations real property<br \/>\nvaluation and consultation. <\/p>\n<p>In addition to his commitment to education and self-<br \/>\ndevelopment, Cliff has been a strong advocate for the AIC and <\/p>\n<p>has been an active AIC volunteer since 2007. He is a member of<br \/>\nthe AIC-BC Okanagan Chapter and is currently on the AIC\u2019s<br \/>\nProfessional Competency Interview Panel. Over the years, he has<br \/>\nserved on a variety of national committees and has represented<br \/>\nthe appraisal profession by presenting at various conferences.<br \/>\nHe is also a Candidate Advisor for the US Appraisal Institute. <\/p>\n<p>\u201cI have been a volunteer every year since I joined the AIC<br \/>\nand that will not change,\u201d he says. \u201cTo me, it is a responsibility<br \/>\nand an obligation to give back. Volunteers are a significant<br \/>\nreason the AIC is such an outstanding organization and<br \/>\nwe should all feel obliged to do our part. My volunteer<br \/>\nactivities with AIC have focused on education and Candidacy<br \/>\nexperiences, two areas that we can always improve. It has been<br \/>\nextremely rewarding to work with my peers throughout the<br \/>\ncountry, AIC staff (at both national and provincial levels), and<br \/>\nUBC on various national committees. The experiences and<br \/>\nrelationships that I have gained through my volunteer activities<br \/>\nhave enabled me to grow, both personally and professionally.\u201d<\/p>\n<p>Over and above his professional and academic achievements,<br \/>\nClifford has a long history of community involvement, with<br \/>\nover 15 years working with local triathlon and swim clubs in<br \/>\nKelowna and Victoria, serving as a Head Coach and Director<br \/>\nof Swimming Operations. In his spare time, Clifford competes<br \/>\nannually in several Ironman triathlons and also completed the<br \/>\nYukon River Quest (the world\u2019s longest canoe race) in 2013.<\/p>\n<p>As a devoted husband and father of two, Clifford\u2019s<br \/>\naccomplishments and extensive volunteer commitments to the<br \/>\nappraisal profession in Canada and the US as well as to local<br \/>\ncommunity organizations make him a worthy, yet modest,<br \/>\nrecipient of this award.<\/p>\n<p>\u201cWhile it is a great honor to simply be nominated and<br \/>\nrecognized by your peers for such an award,\u201d says Clifford,<br \/>\n\u201cI truly feel that it is much more an acknowledgement and<br \/>\nreflection of my mentors and those who led by example along<br \/>\nthe way. I would not be in this position without the remarkable<br \/>\nsupport of my mentors, Rod Cook and Dennis Parkhill, and<br \/>\ncolleagues Allan Beatty, Adrian Rizzo, Sean Hughes, Allan<br \/>\nKoebel, Darryl Machan, Kari Benum and Jordan Hettinga.\u201d  <\/p>\n<p>CLIFFORD SMIRL, AACI, P.App<br \/>\nPartner, Kent-Macpherson Appraisals<br \/>\nKelowna, BC<\/p>\n<p>&laquo;&nbsp;WHILE IT IS A GREAT<br \/>\nHONOR TO SIMPLY <\/p>\n<p>BE NOMINATED AND<br \/>\nRECOGNIZED BY <\/p>\n<p>YOUR PEERS FOR<br \/>\nSUCH AN AWARD, I <\/p>\n<p>TRULY FEEL THAT IT<br \/>\nIS MUCH MORE AN <\/p>\n<p>ACKNOWLEDGEMENT<br \/>\nAND REFLECTION OF <\/p>\n<p>MY MENTORS.&nbsp;&raquo;<\/p>\n<p>Her non-appraisal volunteer involvement includes being a<br \/>\nDirector of the Building Owners and Managers Association of NL;<br \/>\na Director, Treasurer and Levy Committee Chair of Downtown<br \/>\nSt. John\u2019s; and part of a group of real estate professionals and<br \/>\nproperty owners who are lobbying the City of St. John\u2019s to reverse<br \/>\nits decision to implement a vacancy tax in 2018.  <\/p>\n<p>When it comes to volunteering, Joanne does not stop at<br \/>\nbusiness related activities. She is also a driver of the Altus<br \/>\nCorporate Citizenship program that supports various groups<br \/>\nand organizations. <\/p>\n<p>There is little question that Joanne\u2019s accomplishments are<br \/>\nextraordinary indeed.<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 57Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>NEWS\/NOUVELLES<\/p>\n<p>ET LES GAGNANTS SONT\u2026 <\/p>\n<p>\u00ab Cette reconnaissance par une<br \/>\norganisation nationale comme<br \/>\nl\u2019Institut canadien des \u00e9valuateurs<br \/>\nrepr\u00e9sente beaucoup pour moi et<br \/>\nje la re\u00e7ois avec humilit\u00e9 \u00bb, affirme<br \/>\nJoanne Slaney. \u00ab Je n\u2019ai jamais<br \/>\nconsid\u00e9r\u00e9 mes r\u00e9alisations comme <\/p>\n<p>extraordinaires de toute fa\u00e7on; j\u2019adore mon travail, tout simplement. \u00bb<br \/>\nQuoi qu\u2019en dise Joanne, sa liste de ses r\u00e9alisations est vraiment <\/p>\n<p>impressionnante. Apr\u00e8s avoir obtenu son dipl\u00f4me de l\u2019Universit\u00e9<br \/>\nMemorial en 2004 \u2013 un baccalaur\u00e9at en commerce et un<br \/>\nbaccalaur\u00e9at \u00e8s arts \u2013, elle a obtenu sa d\u00e9signation AACI de l\u2019ICE<br \/>\nen 2008. Elle a tir\u00e9 parti de cette d\u00e9signation pour rapidement jouer<br \/>\nun r\u00f4le cl\u00e9 avec le Groupe Altus o\u00f9 ses responsabilit\u00e9s incluent la<br \/>\nsupervision des ventes et des bases de donn\u00e9es de location ainsi que la<br \/>\nr\u00e9alisation d\u2019expertises-conseils et d\u2019\u00e9tudes de march\u00e9. Elle participe<br \/>\nen outre \u00e0 l\u2019\u00e9laboration d\u2019une m\u00e9thodologie d\u2019\u00e9valuation normalis\u00e9e<br \/>\npour les affectations des \u00e9valuateurs et l\u2019analyse des donn\u00e9es de<br \/>\nvente, et elle joue un r\u00f4le cl\u00e9 dans le d\u00e9veloppement et la gestion des<br \/>\ngroupes de pratique et d\u2019un portail intranet servant de r\u00e9f\u00e9rentiel<br \/>\npour les connaissances sp\u00e9cialis\u00e9es. Ce portail peut \u00eatre utilis\u00e9 par<br \/>\nl\u2019ensemble de ses coll\u00e8gues. Elle fait enfin partie de diverses \u00e9quipes<br \/>\ndu Groupe Altus qui s\u2019investissent comme consultants aupr\u00e8s des<br \/>\ninstances gouvernementales et des clients du secteur priv\u00e9. <\/p>\n<p>\u00ab J\u2019aime donner du 110 %; c\u2019est dans mon ADN, \u00bb dit-elle.<br \/>\n\u00ab Mon p\u00e8re a dirig\u00e9 sa propre entreprise pendant des ann\u00e9es et j\u2019ai<br \/>\npu voir de pr\u00e8s les fruits de son travail. Cr\u00e9er des choses et participer<br \/>\n\u00e0 leur succ\u00e8s est une grande source de satisfaction personnelle. \u00bb<\/p>\n<p>Lorsque les responsabilit\u00e9s de Joanne chez le Groupe Altus<br \/>\nne la tiennent pas assez occup\u00e9e, elle s\u2019investit dans des activit\u00e9s<br \/>\net des \u00e9v\u00e9nements de l\u2019ICE. \u00c0 titre de membre stagiaire, Joanne<br \/>\na si\u00e9g\u00e9 au Comit\u00e9 des stagiaires de l\u2019ICE. Elle a aussi fait partie<br \/>\ndu Comit\u00e9 national de marketing o\u00f9 elle a jou\u00e9 un r\u00f4le essentiel<br \/>\ndans le d\u00e9veloppement du nouveau site Web de l\u2019ICE. Elle a<br \/>\noccup\u00e9 plusieurs postes au sein du Conseil d\u2019administration<br \/>\nde l\u2019instance locale de l\u2019ICE. Elle a d\u2019ailleurs \u00e9t\u00e9 la premi\u00e8re<br \/>\nfemme \u00e0 occuper le poste de pr\u00e9sidente de l\u2019ICE de Terre-<br \/>\nNeuve-et-Labrador. Elle fait actuellement partie du Conseil<br \/>\ndes examinateurs de l\u2019ICE \u2013 T.-N.-L et elle fait une promotion<br \/>\nconstante de la profession d\u2019\u00e9valuateur en rencontrant des<br \/>\nstagiaires et en participant \u00e0 des exp\u00e9riences d\u2019enseignement<br \/>\ncoop\u00e9ratif en entreprise ainsi qu\u2019\u00e0 des salons commerciaux et<br \/>\nd\u2019autres \u00e9v\u00e9nements de l\u2019industrie.<\/p>\n<p>Comme l\u2019affirme Joanne : \u00ab Je crois qu\u2019il faut redonner \u00e0<br \/>\nla soci\u00e9t\u00e9 lorsque la situation le permet. Lorsque je suis entr\u00e9e<br \/>\nau service d\u2019Altus, les quatre partenaires de l\u2019entreprise \u00e9taient<br \/>\ntr\u00e8s investis dans leur profession, tant au palier national<br \/>\nqu\u2019au niveau local. Ils mettaient en relief l\u2019importance de cet<br \/>\ninvestissement personnel et m\u2019ont donn\u00e9 l\u2019exemple, un exemple<br \/>\nque je suis encore aujourd\u2019hui. J\u2019ai pris une pause lorsque mon<br \/>\ngar\u00e7on est venu au monde il y a deux ans, mais je compte<br \/>\nbien poursuivre ma d\u00e9marche de b\u00e9n\u00e9volat, de mani\u00e8re plus<br \/>\ns\u00e9lective, au niveau national. \u00c0 l\u2019avenir, j\u2019esp\u00e8re jouer un r\u00f4le de<br \/>\nleadership dans le cadre de mes activit\u00e9s de b\u00e9n\u00e9volat. \u00bb<\/p>\n<p>Dans sa d\u00e9marche de b\u00e9n\u00e9vole hors du secteur de<br \/>\nl\u2019\u00e9valuation, elle a \u00e9t\u00e9 directrice de la Building Owners and <\/p>\n<p>Les gagnants du Prix meilleur \u00e9valuateur de moins de 40 ans<br \/>\nd\u00e9cern\u00e9 pour la premi\u00e8re fois par l\u2019Institut canadien des \u00e9valuateurs<br \/>\n(ICE) sont maintenant connus. Toutes nos f\u00e9licitations \u00e0 Joanne<br \/>\nSlaney, AACI, P. App., gagnante du prix accord\u00e9 \u00e0 une femme, et \u00e0<br \/>\nClifford Smirl, AACI, P. App., r\u00e9cipiendaire du prix masculin. <\/p>\n<p>Ce prix r\u00e9compense les qualit\u00e9s de jeunes \u00e9valuateurs professionnels<br \/>\nexceptionnels qui affichent des r\u00e9alisations importantes dans la<br \/>\nprofession et au sein de leur collectivit\u00e9. Parmi les 17 \u00e9valuateurs mis en<br \/>\nnomination dans l\u2019ensemble du Canada, Joanne et Cliff ont fait preuve<br \/>\nde comp\u00e9tences remarquables pour la r\u00e9alisation de grands projets dans<br \/>\nle cadre de leur carri\u00e8re, tout en apportant une contribution importante<br \/>\n\u00e0 la profession et \u00e0 la collectivit\u00e9 dans laquelle ils vivent.<\/p>\n<p>JOANNE SLANEY, AACI, P.App<br \/>\nDirectrice et gestionnaire g\u00e9n\u00e9rale chez Groupe Altus Limit\u00e9e, bureau T.-N.<br \/>\nSt. John\u2019s, Terre-Neuve-et-Labrador<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201658 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>NEWS\/NOUVELLES<\/p>\n<p>Lorsqu\u2019on regarde de pr\u00e8s les<br \/>\nr\u00e9alisations de Clifford Smirl,<br \/>\nune chose saute aux yeux<br \/>\nimm\u00e9diatement : son d\u00e9sir<br \/>\nconstant de s\u2019investir et de<br \/>\ns\u2019am\u00e9liorer. \u00ab J\u2019ai d\u00e9j\u00e0 fait de<br \/>\nla nage comp\u00e9titive \u00bb, nous dit <\/p>\n<p>Clifford. \u00ab Ma volont\u00e9 de lutter pour m\u2019am\u00e9liorer constamment<br \/>\net mon besoin de nouveaux d\u00e9fis proviennent probablement<br \/>\nde mes premi\u00e8res ann\u00e9es comme athl\u00e8te. La vie en elle-m\u00eame<br \/>\nrepr\u00e9sente l\u2019environnement le plus comp\u00e9titif qui soit, et mon<br \/>\nd\u00e9sir de travailler durement, de m\u2019am\u00e9liorer et de rester positif<br \/>\ndans tous les aspects de la vie, c\u2019est \u00e0 ma famille que je le dois. \u00bb <\/p>\n<p>Clifford a \u00e9t\u00e9 en apprentissage pendant une grande partie de<br \/>\nsa vie et continue de l\u2019\u00eatre. Il a obtenu un baccalaur\u00e9at \u00e8s arts en<br \/>\n2004, une ma\u00eetrise en administration des affaires en 2006 et un<br \/>\ncertificat de cycle sup\u00e9rieur en \u00e9valuation immobili\u00e8re en 2008.<br \/>\nIl poursuit actuellement des \u00e9tudes sup\u00e9rieures \u00e0 l\u2019Institut du<br \/>\ncommerce vinicole de la Sonoma State University et est doctorant<br \/>\nen \u00e9conomie de logement autochtone. Il a obtenu sa d\u00e9signation<br \/>\nAACI en 2010 et sa d\u00e9signation MAI en 2014.  <\/p>\n<p>\u00ab C\u2019est la nature m\u00eame de notre secteur d\u2019activit\u00e9; vous n\u2019arr\u00eatez<br \/>\njamais d\u2019apprendre \u00bb, affirme Clifford. \u00ab L\u2019\u00e9ducation en mode<br \/>\npermanent et le perfectionnement auront toujours une grande<br \/>\nimportance dans ma vie personnelle et professionnelle. \u00bb          <\/p>\n<p>En 2008, Clifford est entr\u00e9 au service de Kent-Macpherson \u00e0<br \/>\ntitre d\u2019\u00e9valuateur de frais et il est devenu associ\u00e9 dans la firme en<br \/>\n2014. Depuis qu\u2019il pratique sa profession, il a acquis une grande<br \/>\nexp\u00e9rience de l\u2019\u00e9valuation des actifs industriels, commerciaux<br \/>\net d\u2019investissement, notamment une expertise \u00e9tendue pour<br \/>\nles propri\u00e9t\u00e9s \u00e0 vocation sp\u00e9ciale. Il a aussi acquis une grande<br \/>\nexp\u00e9rience comme t\u00e9moin expert pour des litiges et comme<br \/>\n\u00e9valuateur immobilier et consultant avec les Premi\u00e8res Nations. <\/p>\n<p>En plus de son engagement dans une d\u00e9marche d\u2019apprentissage<br \/>\net de perfectionnement, Cliff est devenu un grand d\u00e9fenseur de<br \/>\nl\u2019ICE o\u00f9 il a \u00e9t\u00e9 actif comme b\u00e9n\u00e9vole depuis 2007. Il est membre<br \/>\ndu chapitre de l\u2019Okanagan de l\u2019ICE-C.-B et il fait partie du panel<br \/>\nd\u2019interview de comp\u00e9tences professionnelles de l\u2019ICE. Au fil des<br \/>\nann\u00e9es, il a particip\u00e9 \u00e0 plusieurs comit\u00e9s nationaux et a repr\u00e9sent\u00e9 la <\/p>\n<p>profession d\u2019\u00e9valuateur en donnant  diff\u00e9rentes conf\u00e9rences. Il est en<br \/>\noutre conseiller stagiaire \u00e0 l\u2019Appraisal Institute, aux \u00c9tats-Unis. <\/p>\n<p>\u00ab J\u2019ai fait du b\u00e9n\u00e9volat chaque ann\u00e9e depuis que j\u2019ai int\u00e9gr\u00e9<br \/>\nl\u2019ICE et je ne pr\u00e9vois aucun changement \u00e0 ce chapitre \u00bb,<br \/>\nnous affirme-t-il. \u00ab Pour moi, redonner \u00e0 la soci\u00e9t\u00e9, c\u2019est une<br \/>\nresponsabilit\u00e9 et une obligation. Le b\u00e9n\u00e9volat est l\u2019un des \u00e9l\u00e9ments<br \/>\nqui font de l\u2019ICE un organisme exceptionnel et nous devrions<br \/>\ntous ressentir le besoin de faire notre part. Dans mes activit\u00e9s<br \/>\nde b\u00e9n\u00e9volat avec l\u2019ICE, j\u2019ai mis l\u2019accent sur l\u2019apprentissage et<br \/>\nl\u2019exp\u00e9rience des stagiaires, deux domaines o\u00f9 les am\u00e9liorations sont<br \/>\ntoujours possibles. C\u2019est extr\u00eamement gratifiant de travailler avec<br \/>\nmes pairs dans l\u2019ensemble du pays et avec le personnel de l\u2019ICE \u2013<br \/>\ntant au palier national que provincial \u2013, et de participer \u00e0 divers<br \/>\ncomit\u00e9s nationaux de l\u2019Universit\u00e9 de la Colombie-Britannique.<br \/>\nLes exp\u00e9riences acquises et les relations que j\u2019ai pu d\u00e9velopper par<br \/>\nl\u2019interm\u00e9diaire de mes activit\u00e9s b\u00e9n\u00e9voles m\u2019ont permis de grandir<br \/>\ntant sur le plan personnel que sur le plan professionnel. \u00bb<\/p>\n<p>Au-del\u00e0 de ses r\u00e9alisations professionnelles et universitaires,<br \/>\nClifford affiche un important historique de b\u00e9n\u00e9volat dans sa<br \/>\ncommunaut\u00e9. Il travaille depuis plus de 15 ans comme entra\u00eeneur-<br \/>\nchef et directeur des op\u00e9rations pour les clubs de natation et de<br \/>\ntriathlon locaux, \u00e0 Kelowna et \u00e0 Victoria. Pendant ses temps libres,<br \/>\nClifford participe chaque ann\u00e9e \u00e0 plusieurs triathlons de type \u00ab<br \/>\nIronman \u00bb. En 2013, il a particip\u00e9 \u2013 et termin\u00e9 \u2013 la course Yukon<br \/>\nRiver Quest, la plus longue course de canot au monde.<\/p>\n<p>Son r\u00f4le d\u2019\u00e9poux et de p\u00e8re d\u00e9vou\u00e9 de deux enfants, ses<br \/>\nr\u00e9alisations professionnelles, son important engagement comme<br \/>\nb\u00e9n\u00e9vole pour la profession d\u2019\u00e9valuateur au Canada et aux<br \/>\n\u00c9tats-Unis, ainsi que son b\u00e9n\u00e9volat dans les organisations<br \/>\ncommunautaires locales font de Clifford un digne r\u00e9cipiendaire de<br \/>\nce prix. Il reste toutefois modeste.<\/p>\n<p>\u00ab C\u2019est un grand honneur d\u2019\u00eatre simplement nomm\u00e9 et reconnu<br \/>\npar ses pairs dans le cadre de ce prix \u00bb, affirme Clifford. \u00ab Je re\u00e7ois<br \/>\nce prix comme une reconnaissance \u00e0 l\u2019image de mes mentors et de<br \/>\nceux qui m\u2019ont donn\u00e9 l\u2019exemple au cours de mon cheminement.<br \/>\nJe ne serais pas ici sans le soutien remarquable de mes mentors,<br \/>\nRod Cook et Dennis Parkhill, ainsi que celui de mes coll\u00e8gues<br \/>\nAllan Beatty, Adrian Rizzo, Sean Hughes, Allan Koebel, Darryl<br \/>\nMachan, Kari Benum et Jordan Hettinga. \u00bb <\/p>\n<p>CLIFFORD SMIRL, AACI, P.App<br \/>\nAssoci\u00e9 chez Kent-Macpherson Appraisals<br \/>\nKelowna, C.-B.<\/p>\n<p>Managers Association NL, ainsi que pr\u00e9sidente, directrice et<br \/>\ntr\u00e9sori\u00e8re du Levy Committee de Downtown St. John\u2019s. Elle fait<br \/>\nen outre partie d\u2019un groupe de professionnels de l\u2019immobilier<br \/>\net de propri\u00e9taires qui fait du lobbying avec la ville de St. John\u2019s<br \/>\nafin qu\u2019elle infirme sa d\u00e9cision de mettre en place une taxe sur<br \/>\nles locaux vacants en 2018.  <\/p>\n<p>Lorsqu\u2019il s\u2019agit de b\u00e9n\u00e9volat, Joanne ne s\u2019en tient pas qu\u2019\u00e0<br \/>\ndes activit\u00e9s li\u00e9es aux affaires. Elle est l\u2019une des meneuses du<br \/>\nprogramme de pr\u00e9sence sociale d\u2019Altus qui soutient plusieurs<br \/>\ngroupes et organismes. <\/p>\n<p>Aucun doute, les r\u00e9alisations de Joanne sont vraiment<br \/>\nextraordinaires.<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 59Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>NEWS\/NOUVELLES<\/p>\n<p>WHAT? ME\u2026<br \/>\nA BLOGGER?<br \/>\nYes you! Any member of AIC or member of the real<br \/>\nestate community is encouraged to contribute to our<br \/>\nAIC Exchange Blog. We invite you to share your industry<br \/>\nexperience with others.<\/p>\n<p>What is the Purpose of the Blog?<br \/>\nThe new AIC blog serves as a vehicle to enhance<br \/>\nunderstanding among the valuation community and the<br \/>\nlarger real estate industry. It\u2019s a place to present new ideas,<br \/>\nchallenge status quo, and encourage readers to think<br \/>\noutside the box. It\u2019s a way to get discussions going, advance<br \/>\nthe profession and educate the public.<\/p>\n<p>What can I write about?<br \/>\nAny topic related to real estate, business or market trends<br \/>\nis welcome.  All articles are the writers\u2019 opinions; you will<br \/>\nhave editorial freedom to present any ideas and views that<br \/>\nmay be contrary to popular opinion but presented in a<br \/>\nrespectable way. An editorial board reviews the content to<br \/>\nensure readability and appropriateness of content. <\/p>\n<p>What is in it for me?<br \/>\nOnce published, you can share your article with your clients,<br \/>\ncolleagues and friends to enhance their understanding of<br \/>\nwhat an appraiser does.  It\u2019s a completely free and it will<br \/>\nhelp you stand out from the crowd, get published and build<br \/>\ncredibility.  It will also help you increase your network, boost<br \/>\nyour business and advance your resume.  <\/p>\n<p>How do I make a submission?<br \/>\nSimply send an email to aicexchange@aicanada.ca with your<br \/>\nname, telephone number, blog topic and a brief synopsis or the<br \/>\nfull articles. Feel free to send us any questions you might have.<\/p>\n<p>Oui, oui, vous! Tous les membres de l\u2019ICE ou les intervenants du secteur<br \/>\nde l\u2019immobilier peuvent contribuer au blogue \u00c9change de l\u2019ICE.<br \/>\nNous vous invitons \u00e0 venir partager ici vos exp\u00e9riences de l\u2019industrie.<\/p>\n<p>\u00c0 quoi sert ce blogue?<br \/>\nLe nouveau blogue de l\u2019ICE est une courroie de transmission qui permet<br \/>\nd\u2019am\u00e9liorer les connaissances de la communaut\u00e9 des \u00e9valuateurs et<br \/>\nde l\u2019industrie de l\u2019immobilier. C\u2019est l\u2019endroit id\u00e9al pour pr\u00e9senter de<br \/>\nnouvelles id\u00e9es, de mettre au d\u00e9fi les id\u00e9es re\u00e7ues et inciter les lecteurs \u00e0<br \/>\naller hors des sentiers battus. Ce m\u00e9dium permet \u00e0 la fois de lancer des<br \/>\ndiscussions, faire avancer la profession et renseigner le public.<\/p>\n<p>Quels sujets puis-je aborder?<br \/>\nTout sujet qui touche l\u2019immobilier, les affaires ou les tendances du<br \/>\nmarch\u00e9. Tous les articles repr\u00e9sentent l\u2019opinion de celui ou celle qui<br \/>\nl\u2019\u00e9crit; vous avez toute la libert\u00e9 \u00e9ditoriale n\u00e9cessaire pour pr\u00e9senter des<br \/>\nid\u00e9es et points de vue qui confrontent l\u2019opinion g\u00e9n\u00e9ralement accept\u00e9e, si<br \/>\nbien s\u00fbr, vous les pr\u00e9sentez de mani\u00e8re respectueuse. Un comit\u00e9 \u00e9ditorial<br \/>\nr\u00e9vise les contenus pour s\u2019assurer de leur clart\u00e9 et de leur pertinence.<\/p>\n<p>Qu\u2019est-ce que \u00e7a m\u2019apporte?<br \/>\nLorsque vous \u00eates publi\u00e9s, vous pouvez partager vos articles avec vos<br \/>\nclients, vos coll\u00e8gues et vos amis pour am\u00e9liorer leur compr\u00e9hension<br \/>\nde la profession d\u2019\u00e9valuateur. C\u2019est totalement gratuit et c\u2019est une<br \/>\npossibilit\u00e9 de vous d\u00e9marquer, d\u2019\u00eatre publi\u00e9 et de b\u00e2tir votre cr\u00e9dibilit\u00e9.<br \/>\nVous avez aussi la possibilit\u00e9 d\u2019\u00e9tendre votre r\u00e9seau, de faire avancer<br \/>\nvos affaires et de faire valoir votre exp\u00e9rience.  <\/p>\n<p>Comment soumettre un article?<br \/>\nVous n\u2019avez qu\u2019\u00e0 envoyer un courriel \u00e0 aicexchange@aicanada.ca avec<br \/>\nvotre nom, votre num\u00e9ro de t\u00e9l\u00e9phone, le sujet de votre article de<br \/>\nblogue et un r\u00e9sum\u00e9 de l\u2019article ou m\u00eame l\u2019article lui-m\u00eame. N\u2019h\u00e9sitez<br \/>\npas \u00e0 nous adresser vos questions.<\/p>\n<p>MOI? UN BLOGUEUR?<br \/>\nS\u00c9RIEUX?<\/p>\n<p>Read the AIC Exchange at http:\/\/aicexchange.ca\/aic-blog\/<br \/>\nConsultez le blogue \u00c9change de l\u2019ICE sur http:\/\/\u00e9changeice.ca\/magazine-ice\/<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201660 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mailto:aicexchange@aicanada.ca<br \/>\nmailto:aicexchange@aicanada.ca<br \/>\nhttp:\/\/aicexchange.ca\/aic-blog\/<br \/>\nhttp:\/\/\ufffdchangeice.ca\/magazine-ice\/<\/p>\n<p>NEWS\/NOUVELLES<\/p>\n<p>IN MEMORIAM<br \/>\nThe following members of the Appraisal Institute of Canada<br \/>\nhave passed away. On behalf of everyone connected with<br \/>\nthe Institute and the profession, we extend our sincerest<br \/>\nsympathies to their families, friends and associates. <\/p>\n<p>Les membres suivant de l\u2019Institut canadien des \u00e9valuateurs<br \/>\nsont d\u00e9c\u00e9d\u00e9s. Au nom de tous ceux qui oeuvrent de pr\u00e8s ou de loin<br \/>\nau sein de l\u2019Institut et de la profession, nous exprimons nos plus<br \/>\nsinc\u00e8res condol\u00e9ances \u00e0 leurs familles, amis et associ\u00e9s.<\/p>\n<p>SAVE THE DATE! \/ R\u00c9SERVEZ LA DATE!<br \/>\n2017 INTERNATIONAL<br \/>\nVALUATION CONFERENCE<br \/>\nValuation Beyond Borders<br \/>\nOttawa, ON  |  June 8 -11, 2017<\/p>\n<p>CONF\u00c9RENCE<br \/>\nINTERNATIONALE<br \/>\n2017 SUR L\u2019\u00c9VALUATION<br \/>\nL\u2019\u00e9valuation au-del\u00e0 des fronti\u00e8res<br \/>\nOttawa, ON  |  Du 8 au 11 juin 2017<\/p>\n<p>The Appraisal Institute of Canada and the Appraisal Institute will be hosting a joint conference in 2017.<br \/>\nJoin us for this unique opportunity to network and gain knowledge on valuation topics affecting all appraisers!<\/p>\n<p>L\u2019Institut canadien des \u00e9valuateurs et l\u2019Appraisal Institute tiendront une conf\u00e9rence mixte en 2017.<br \/>\nJoignez-vous \u00e0 nous pour cette occasion unique de r\u00e9seauter et d\u2019en apprendre davantage <\/p>\n<p>sur des sujets d\u2019\u00e9valuation qui int\u00e9ressent tous les \u00e9valuateurs!<\/p>\n<p>a step above<\/p>\n<p>Trisura Guarantee Insurance Company is a Canadian owned and operated Property and Casualty insurance company specializing in niche<br \/>\ninsurance and surety products. We are a proud supporter of the Insurance Broker\u2019s Association of Canada.<\/p>\n<p>Proud Professional Liability <\/p>\n<p>Insurance Partner of the Appraisal <\/p>\n<p>Institute of Canada<\/p>\n<p>Learn more at www.trisura.com<\/p>\n<p>Colin Buckridge, CRA<br \/>\nWest Vancouver, BC<br \/>\nBob Burnett, AACI, P.App<br \/>\nEdmonton, AB<br \/>\nLuc Choquette, AACI, P.App<br \/>\nMontreal, QC<br \/>\nBrian Decka, AACI, P. App., Retired<br \/>\nWest St. Paul, MB<br \/>\nJohn Gorman, AACI, P.App<br \/>\nBathurst, NB<br \/>\nRoger Holmes, AACI, P.App<br \/>\nCalgary, AB<br \/>\nPeter Mazeikis, CRA, Retired<br \/>\nOshawa, ON<\/p>\n<p>Volume 60 | Book 2 \/ Tome 2 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 61Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"mP114YG7mW\"><p><a href=\"https:\/\/www.trisura.com\/\">Trisura: Tailor-Made Insurance &amp; Surety Solutions\u00a0<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"oembed-iframe\"  class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Trisura: Tailor-Made Insurance &amp; Surety Solutions\u00a0&#8221; &#8212; Trisura\" src=\"https:\/\/www.trisura.com\/embed\/#?secret=iVA1X1CTrq#?secret=mP114YG7mW\" data-secret=\"mP114YG7mW\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>DESIGNATIONS CANDIDATES STUDENTS \/ D\u00c9SIGNATIONS STAGIAIRES \u00c9TUDIANTS<\/p>\n<p>The Appraisal Institute of Canada (AIC), together with the provincial associations and the provincial bodies affiliated with the AIC, commend the<br \/>\nfollowing members who completed the rigorous requirements for accreditation as a Designated Member of the AIC during the period February 19, 2016<br \/>\nto April 29, 2016:<\/p>\n<p>L\u2019Institut canadien des \u00e9valuateurs (ICE), en collaboration avec les associations provinciales et les organismes provinciaux affili\u00e9s \u00e0 l\u2019ICE, f\u00e9licitent les membres<br \/>\nsuivants qui ont compl\u00e9t\u00e9 le programme rigoureux d\u2019accr\u00e9ditation \u00e0 titre de membre d\u00e9sign\u00e9 de l\u2019ICE durant la p\u00e9riode du 19 fevrier, 2016 au 29 avril, 2016\u00a0:<\/p>\n<p>AIC DESIGNATIONS GRANTED \/ D\u00c9SIGNATIONS OBTENUES DE L\u2019ICE<\/p>\n<p>CANDIDATES \/ STAGIAIRES<br \/>\nAIC welcomed the following new Candidate members during the period February 19, 2016 to April 29, 2016:<br \/>\nL\u2019ICE souhaite la bienvenue aux personnes suivantes qui ont joint les rangs des membres stagiaires durant la p\u00e9riode du 19 fevrier, 2016 au 29 avril, 2016\u00a0:<\/p>\n<p>STUDENTS \/ \u00c9TUDIANTS<br \/>\nThis category of membership serves as the first step on the path to designation for those completing their requirements for Candidate membership.<br \/>\nStudents considering the appraisal profession as a career option are also welcomed to this category of membership.<\/p>\n<p>Cette cat\u00e9gorie de membre constitue la premi\u00e8re \u00e9tape sur la voie de la d\u00e9signation pour ceux qui s\u2019affairent \u00e0 compl\u00e9ter les exigences de la cat\u00e9gorie de membre stagiaire.<br \/>\nLes \u00e9tudiants qui contemplent une carri\u00e8re comme \u00e9valuateur professionnel sont bienvenus \u00e0 joindre cette cat\u00e9gorie de membre.<\/p>\n<p>AACI, P.APP Accredited ApprAiser cAnAdiAn institute CRA cAnAdiAn residentiAl ApprAiser<br \/>\nALBERTA<br \/>\nSarah E. Archibald<br \/>\nSelina Ching Siu Chan<br \/>\nAlana J. Kelbert<\/p>\n<p>BRITISH COLUMBIA<br \/>\nLindsey Black<br \/>\nSteven R. Caldecott<br \/>\nNathan G. Kurjata<\/p>\n<p>Nathan Nottingham<br \/>\nVincent O\u2019Dwyer<br \/>\nJohannes Saufferer<br \/>\nLaura M. West<\/p>\n<p>ONTARIO<br \/>\nPhillip H.J. Pantling<br \/>\nSean Robertson-Tait<\/p>\n<p>QUEBEC<br \/>\nArman Petrosyan<\/p>\n<p>SASKATCHEWAN<br \/>\nJoshua Stanislaus Korol<br \/>\nLeanne McLeod<\/p>\n<p>ALBERTA<br \/>\nStephen W. Kooyman<\/p>\n<p>ONTARIO<br \/>\nMin Gon (David) Kim<br \/>\nSean Ian Smith<br \/>\nJohn Smulders<br \/>\nAdam Thompson<\/p>\n<p>QUEBEC<br \/>\nDardy Jean-Jacques<\/p>\n<p>ALBERTA<br \/>\nMarcus Berzins<br \/>\nJesse Bobrowski<br \/>\nKatlyn Hudema<br \/>\nDustin Taylor Plant<\/p>\n<p>BRITISH COLUMBIA<br \/>\nAlex Beer<br \/>\nMichael Binning<br \/>\nAlexandros Constandinou<br \/>\nGagandeep Singh Hayer<br \/>\nGeorge Madi<br \/>\nBecky Olson<br \/>\nRahul Poojary<br \/>\nMark U. Simon<br \/>\nAndrew John Stevens<br \/>\nMorgan S. Stewart<br \/>\nChloe Trepanier Patenaude<br \/>\nCarmen Ka Man Tse<\/p>\n<p>INTERNATIONAL<br \/>\nNaomi Fenwick-<br \/>\nGoldthorpe<\/p>\n<p>MANITOBA<br \/>\nKatherine Daman<br \/>\nNaomi Hornby<br \/>\nRyan Huston<\/p>\n<p>NEW BRUNSWICK<br \/>\nJody Drisdelle<\/p>\n<p>NOVA SCOTIA<br \/>\nKatherine Gillis<br \/>\nChristopher Jobe<br \/>\nLucy MacDonald<br \/>\nSarah Taylor<\/p>\n<p>ONTARIO<br \/>\nSanjay Asija<br \/>\nKyuho Cho<br \/>\nJoseph Ciano<br \/>\nVivian B. Clifford<br \/>\nKatie Dick<br \/>\nKaryn C. Fielding<br \/>\nNima Ghaboulian Zare<br \/>\nSheldon E.A Goodridge<br \/>\nLaura M. Graham<\/p>\n<p>Jeremy Yan Ming Ip<br \/>\nElnaz Karimitari<br \/>\nArun Khanna<br \/>\nJonathan F. Knell<br \/>\nYan Li<br \/>\nParveen Kaur K. Mangat<br \/>\nPrakashkumar Panchal<br \/>\nGurpreet S. Purba<br \/>\nMatthew S. Scott<br \/>\nAjay Sharma<br \/>\nLynn Diane Smillie<br \/>\nXiujie Song<br \/>\nJignesh Soni<br \/>\nRobyn Tawse<br \/>\nShauna L. Tedder<br \/>\nRosa A. Villacob<\/p>\n<p>QUEBEC<br \/>\nSara Jemmie Rail<br \/>\nSaskatchewan<br \/>\nJohn Johnstone<\/p>\n<p>ALBERTA<br \/>\nKathryn Brandt<br \/>\nChristine Herrington<br \/>\nVanessa A. Turner<\/p>\n<p>BRITISH COLUMBIA<br \/>\nJennifer Corrigan<br \/>\nJanet CW Lin<\/p>\n<p>MANITOBA<br \/>\nKate-Lyn Danyluk<br \/>\nBram S. Neufeld<br \/>\nMichael Robinson<\/p>\n<p>NEWFOUNDLAND<br \/>\nRyan W. Spencer<\/p>\n<p>ONTARIO<br \/>\nHobikh Baleswaran<br \/>\nSebastien Bergeron<br \/>\nWayne H. Blake<br \/>\nClarissa M.J Chan<br \/>\nEugene Estavillo<br \/>\nSehaj Gill<\/p>\n<p>Edward W. Hilton<br \/>\nJeri L. Ho<br \/>\nJun Hui<br \/>\nKaitlyn MJ James<br \/>\nDwayne A. John<br \/>\nXiang Lin<br \/>\nLisa K. MacPhee<\/p>\n<p>Henry H. Sohn<br \/>\nJoseph F. Taccone<br \/>\nSooin Yang<br \/>\nJing Zhang<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 2 \/ Tome 2 | 201662 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>CONNECTING THE REAL ESTATE INDUSTRY<\/p>\n<p>INDEPENDENT <\/p>\n<p>REAL ESTATE <\/p>\n<p>INTELLIGENCE<\/p>\n<p>> Research, Valuation &#038; Advisory<\/p>\n<p>> Property Tax<\/p>\n<p>> Cost Consulting &#038; Project Management <\/p>\n<p>> ARGUS Software<\/p>\n<p>> Geomatics<\/p>\n<p>Our five core practices \u2013<br \/>\nembody and reflect decades<br \/>\nof experience, a broad range<br \/>\nof expertise, and leading edge<br \/>\ntechnology.<\/p>\n<p>Empowering clients to analyze, gain insight and  <\/p>\n<p>recognize value on their real estate investments.<\/p>\n<p>Altus Group is the leading provider of independent  <\/p>\n<p>advisory services, software, and data solutions to the  <\/p>\n<p>global commercial real estate industry.<\/p>\n<p>416 641 9900      altusgroup.com      info@altusgroup.com<\/p>\n<p>mailto:info@altusgroup.com<br \/>\nhttp:\/\/altusgroup.com<br \/>\n<a class=\"twitter-timeline\" data-width=\"500\" data-height=\"750\" data-dnt=\"true\" href=\"https:\/\/twitter.com\/altus_group?ref_src=twsrc%5Etfw\">Tweets by altus_group<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nhttps:\/\/www.linkedin.com\/company\/altus-group<\/p>\n<p>CBRE Valuation and Advisory Services<\/p>\n<p>Providing the Canadian real estate industry with independent valuation services that are informed<br \/>\nby best in class research and industry expertise, while maintaining the highest level of service.<\/p>\n<p>Paul Morassutti, AACI, MRICS<br \/>\nExecutive Vice President<br \/>\npaul.morassutti@cbre.com<br \/>\n+1 416 495 6235<\/p>\n<p>www.cbre.ca\/vas<\/p>\n<p>TRANSFORMING REAL ESTATE<br \/>\nINTO REAL ADVANTAGE.<\/p>\n<p>mailto:paul.morassutti@cbre.com<br \/>\nhttp:\/\/www.cbre.ca\/vas<\/p>\n","protected":false},"featured_media":67047,"menu_order":0,"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":""},"class_list":["post-29988","issue","type-issue","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/issue\/29988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/types\/issue"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/media\/67047"}],"wp:attachment":[{"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/media?parent=29988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}