Closing the technology gap:<\/p>\n
Data Management<\/p>\n
Combler le foss\u00e9 technologique :<\/p>\n
La gestion des donn\u00e9es
\nT 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
\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
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UNDERSTANDING
\nRESERVE FUND STUDIES
\nComprendre les \u00e9tudes <\/p>\n
de fonds de r\u00e9serve<\/p>\n
CRA
\nDIVERSIFICATION <\/p>\n
Diversification
\nd’un CRA <\/p>\n
THE USE OF GRAPHS
\nIN THE APPRAISAL PROCESS
\nL\u2019utilisation de graphiques <\/p>\n
dans le processus d\u2019\u00e9valuation<\/p>\n
VOL 59 | BOOK 4 \/ TOME 4 | 2015<\/p>\n
mailto:info@aicanada.ca<\/p>\n
The Workfile PowerView retains all supporting documentation <\/p>\n
used to create your report in an easy-to-find electronic format. <\/p>\n
This saves time and helps you go paperless while complying with <\/p>\n
CUSPAP and USPAP guidelines. <\/p>\n
Drag and drop photos, MLS PDFs, scanned documents, e-mails, <\/p>\n
and more into the Workfile so they\u2019re all securely saved with <\/p>\n
the report file. TOTAL also adds files automatically such as the <\/p>\n
delivered PDF, comps that didn\u2019t make the cut, and TOTAL for <\/p>\n
Mobile inspection data. <\/p>\n
Call 1-800-ALAMODE or visit www.alamode.com\/trial
\nto put all of this to the test
\non your next appraisal.<\/p>\n
Better software. No surprises. Try it free!
\nWhether you work with one monitor or five, a desktop, laptop, tablet, or combination, your software shouldn\u2019t hold <\/p>\n
you back. TOTAL is faster, more stable, and more powerful because it\u2019s built from the ground up for today\u2019s technology. <\/p>\n
Packed with exclusive tools and features, it\u2019s everything you need to build superior appraisals in less time.<\/p>\n
Plus, when you switch to TOTAL Essentials, you get unlimited location maps, unlimited mobile data collection and <\/p>\n
syncing, live phone support, MLS importing, new forms and updates, and much more for just $349. No hassles, per-use <\/p>\n
\u201ccredits,\u201d or extra fees for multiple PCs.<\/p>\n
ADCODE: DPAIC1115_M1 a la mode and its products are trademarks or registered trademarks of a la mode, inc. Other brand
\nand product names are trademarks or registered trademarks of their respective owners. All prices, terms, policies, and other
\nitems are subject to change without notice. Copyright \u00a92015 a la mode, inc.<\/p>\n
Easily drag screens to any monitor! With <\/p>\n
TOTAL\u2019s multi-monitor technology, you can <\/p>\n
organize screens and forms however you <\/p>\n
want. This boosts your efficiency since you\u2019re <\/p>\n
not toggling between screens.<\/p>\n
Text automatically overflows <\/p>\n
to the addenda in the same <\/p>\n
order the fields appear in the <\/p>\n
report, making it easier for <\/p>\n
you and clients to read.
\nUnlike other formfillers, it\u2019s quick <\/p>\n
and easy to insert images, Word <\/p>\n
docs, charts, and tables into any <\/p>\n
section of your addenda.<\/p>\n
TOTAL includes over <\/p>\n
280 Canadian forms <\/p>\n
including the AIC and <\/p>\n
forms in French.<\/p>\n
In TOTAL, your QuickLists (common <\/p>\n
responses) aren\u2019t limited to saving <\/p>\n
data for just one field at a time. You <\/p>\n
can select multiple fields and save <\/p>\n
them as a single set of data to fill out <\/p>\n
entire sections later.<\/p>\n
TOTAL for Mobile, our free app, is <\/p>\n
your solution for going paperless and <\/p>\n
cutting turn times. It\u2019s the only app <\/p>\n
for appraisers with the full AIC form. <\/p>\n
Collect data, sketch (in meters or feet), <\/p>\n
take and add photos to the report, <\/p>\n
geocode and get directions, all from <\/p>\n
your iOS or Android\u00ae device. It all flows <\/p>\n
into TOTAL on your PC, saving you time <\/p>\n
\u2014 100% free and unlimited. <\/p>\n
Put TOTAL and TOTAL for Mobile to the test on your next appraisal for free!<\/p>\n
GET YOUR 15\uf6baDAY
\nALL\uf6baACCESS TRIAL<\/p>\n
FREE<\/p>\n
http:\/\/www.alamode.com\/trial<\/p>\n
The Workfile PowerView retains all supporting documentation <\/p>\n
used to create your report in an easy-to-find electronic format. <\/p>\n
This saves time and helps you go paperless while complying with <\/p>\n
CUSPAP and USPAP guidelines. <\/p>\n
Drag and drop photos, MLS PDFs, scanned documents, e-mails, <\/p>\n
and more into the Workfile so they\u2019re all securely saved with <\/p>\n
the report file. TOTAL also adds files automatically such as the <\/p>\n
delivered PDF, comps that didn\u2019t make the cut, and TOTAL for <\/p>\n
Mobile inspection data. <\/p>\n
Call 1-800-ALAMODE or visit www.alamode.com\/trial
\nto put all of this to the test
\non your next appraisal.<\/p>\n
Better software. No surprises. Try it free!
\nWhether you work with one monitor or five, a desktop, laptop, tablet, or combination, your software shouldn\u2019t hold <\/p>\n
you back. TOTAL is faster, more stable, and more powerful because it\u2019s built from the ground up for today\u2019s technology. <\/p>\n
Packed with exclusive tools and features, it\u2019s everything you need to build superior appraisals in less time.<\/p>\n
Plus, when you switch to TOTAL Essentials, you get unlimited location maps, unlimited mobile data collection and <\/p>\n
syncing, live phone support, MLS importing, new forms and updates, and much more for just $349. No hassles, per-use <\/p>\n
\u201ccredits,\u201d or extra fees for multiple PCs.<\/p>\n
ADCODE: DPAIC1115_M1 a la mode and its products are trademarks or registered trademarks of a la mode, inc. Other brand
\nand product names are trademarks or registered trademarks of their respective owners. All prices, terms, policies, and other
\nitems are subject to change without notice. Copyright \u00a92015 a la mode, inc.<\/p>\n
Easily drag screens to any monitor! With <\/p>\n
TOTAL\u2019s multi-monitor technology, you can <\/p>\n
organize screens and forms however you <\/p>\n
want. This boosts your efficiency since you\u2019re <\/p>\n
not toggling between screens.<\/p>\n
Text automatically overflows <\/p>\n
to the addenda in the same <\/p>\n
order the fields appear in the <\/p>\n
report, making it easier for <\/p>\n
you and clients to read.
\nUnlike other formfillers, it\u2019s quick <\/p>\n
and easy to insert images, Word <\/p>\n
docs, charts, and tables into any <\/p>\n
section of your addenda.<\/p>\n
TOTAL includes over <\/p>\n
280 Canadian forms <\/p>\n
including the AIC and <\/p>\n
forms in French.<\/p>\n
In TOTAL, your QuickLists (common <\/p>\n
responses) aren\u2019t limited to saving <\/p>\n
data for just one field at a time. You <\/p>\n
can select multiple fields and save <\/p>\n
them as a single set of data to fill out <\/p>\n
entire sections later.<\/p>\n
TOTAL for Mobile, our free app, is <\/p>\n
your solution for going paperless and <\/p>\n
cutting turn times. It\u2019s the only app <\/p>\n
for appraisers with the full AIC form. <\/p>\n
Collect data, sketch (in meters or feet), <\/p>\n
take and add photos to the report, <\/p>\n
geocode and get directions, all from <\/p>\n
your iOS or Android\u00ae device. It all flows <\/p>\n
into TOTAL on your PC, saving you time <\/p>\n
\u2014 100% free and unlimited. <\/p>\n
Easily drag screens to any monitor!<\/p>\n
TOTAL\u2019s multi-monitor technology, you can <\/p>\n
organize screens and forms however you <\/p>\n
want. This boosts your efficiency since you\u2019re <\/p>\n
not toggling between screens.<\/p>\n
Put TOTAL and TOTAL for Mobile to the test on your next appraisal for free!<\/p>\n
GET YOUR 15\uf6baDAY
\nALL\uf6baACCESS TRIAL<\/p>\n
FREE<\/p>\n
http:\/\/www.alamode.com\/trial<\/p>\n
Accelerating success.<\/p>\n
At Colliers, specialization runs deep. Our professionals have in-
\ndepth knowledge and have the support they require to further
\naccelerate their success. With on-going career mentorship and
\naccess to hundreds of free courses through Colliers University,
\nour professionals are not only encouraged to excel, they have the
\ntools to do so. To accelerate your career, current opportunities
\ncan be viewed online at collierscanada.com\/careers. Alternatively,
\nplease send your resume directly to vascanada@colliers.com<\/p>\n
DIVE INTO
\nYOUR CAREER<\/p>\n
collierscanada.com\/careers<\/p>\n
MAKE YOUR MOVE Professionals Wanted<\/p>\n
PLONGEZ DANS
\nVOTRE CARRI\u00c8RE<\/p>\n
collierscanada.com\/careers<\/p>\n
PREND TON AVENIR EN MAIN Professionals demand\u00e9s<\/p>\n
Chez Colliers, nos sp\u00e9cialisations sont nombreuses. Nos
\nprofessionnels sont encourag\u00e9s \u00e0 maintenir et augmenter leurs
\nnombreuses connaissances, et s\u2019engagent ainsi vers le chemin
\ndu succ\u00e8s. Avec un acc\u00e8s \u00e0 des centaines de cours gratuits via
\nL\u2019Universit\u00e9 Colliers et notre syst\u00e8me de mentorat de carri\u00e8re;
\nnotre personnel est non seulement encourag\u00e9 \u00e0 exceller, mais il
\nse donne les outils pour le faire. Pour acc\u00e9l\u00e9rer votre carri\u00e8re, voir
\nles possibilit\u00e9s actuelles en ligne \u00e0 collierscanada.com\/fr\/careers
\nou envoyez votre CV directement \u00e0 vascanada@colliers.com<\/p>\n
http:\/\/www.collierscanada.com\/careers
\nmailto:vascanada@colliers.com
\nmailto:vascanada@colliers.com<\/p>\n
06 Executive Corner
\nACCOMPLISHING OUR GOALS<\/p>\n
32 Professional Practice Matters
\nHISTORY OF THE STANDARDS<\/p>\n
36 Education
\nNEW COURSE: CASE STUDIES IN
\nRESIDENTIAL VALUATION (BUSI 352)<\/p>\n
44 Advocacy
\nADVOCACY IN ACTION<\/p>\n
50 Legal Matters
\nWHEN CHATTELS BECOME
\nPART OF THE REAL PROPERTY<\/p>\n
54 The Future is Bright
\nCONTINUING EDUCATION
\nLEADS TO CAREER SUCCESS
\nFOR JAMES HARDY<\/p>\n
60 NEWS<\/p>\n
62 DESIGNATIONS, CANDIDATES,
\nSTUDENTS<\/p>\n
08 Le coin de l\u2019ex\u00e9cutif
\nATTEINDRE NOS BUTS<\/p>\n
34 Parlons pratique professionnelle
\nHISTORIQUE DES NORMES<\/p>\n
38 \u00c9ducation
\nNOUVEAU COURS : \u00c9TUDES DE CAS EN
\n\u00c9VALUATION R\u00c9SIDENTIELLE (BUSI 352)<\/p>\n
47 D\u00e9fense
\nD\u00c9FENSE DES DROITS \u00c0 L\u2019\u0152UVRE<\/p>\n
52 Questions jurdiques
\nQUAND LES BIENS MEUBLES DEVIENNENT
\nDES PARTIES DU BIEN IMMOBILIER<\/p>\n
57 L\u2019avenir s\u2019annonce bien
\nLA FORMATION CONTINUE M\u00c8NE
\n\u00c0 UNE CARRI\u00c8RE FRUCTUEUSE
\nPOUR JAMES HARDY<\/p>\n
60 NOUVELLES<\/p>\n
62 D\u00c9SIGNATIONS, STAGIAIRES,
\n\u00c9TUDIANTS<\/p>\n
COLUMNS \/ CHRONIQUES<\/p>\n
FEATURES \/ EN VEDETTE
\nVOL 59 | BOOK 4 \/ TOME 4 | 2015<\/p>\n
Publication Mails Agreement #40008249.
\nReturn undeliverable Canadian addresses to: Appraisal Institute of Canada,
\n403-200 Catherine St., Ottawa, ON K2P 2K9. Email: info@aicanada.ca<\/p>\n
The articles printed in this issue represent authors\u2019 opinions only
\nand are not necessarily endorsed by the APPRAISAL INSTITUTE
\nOF CANADA. Copyright 2015 by the APPRAISAL INSTITUTE OF
\nCANADA. All rights reserved. Reproduction in whole or in part
\nwithout written permission is strictly prohibited. Subscription, $40.00
\nper year. Printed in Canada. Les articles imprim\u00e9s dans ce num\u00e9ro
\nne rep\u00e9sentent que l\u2019opinion de leur auteur respectif, mais ne sont
\npas n\u00e9ces\u2013sairement endoss\u00e9s par L\u2019INSTITUT CANADIEN DES
\n\u00c9VALUATEURS. Tous droits reserv\u00e9s 2015 par L\u2019INSTITUT CANADIEN
\nDES \u00c9VALUATEURS. La reproduction totale ou partielle sous quelque
\nform que se soit sans authorisation \u00e9crite est absolument interdite.
\nAbonnement $40.00 par ann\u00e9e. Imprim\u00e9 au Canada.<\/p>\n
* The Appraisal Institute of Canada reserves the right to reject
\nadvertising that it deems to be inappropriate.
\n** The publisher and the Appraisal Institute of Canada cannot be
\nheld liable for any material used or claims made in advertising
\nincluded in this publication.Indexed in the Canadian Business
\nIndex and available on-line in the Canadian Business & Current
\nAffairs database.
\nISSN 0827-2697<\/p>\n
Publication management, design and production by:
\nDirection, conception et production par :<\/p>\n
3rd Floor \u2013 2020 Portage Avenue, Winnipeg, MB R3J 0K4
\nPhone: 866-985-9780 \u2022 Fax: 866-985-9799
\nE-mail: info@kelman.ca \u2022 Web: www.kelman.ca<\/p>\n
Managing Editor: Craig Kelman
\nDesign\/Layout: Kiersten Drysdale
\nMarketing Manager: Kris Fillion
\nAdvertising Co-ordinator: Stefanie Hagidiakow<\/p>\n
Director – Marketing and Communications: Sheila Roy, Ottawa
\nCommunications Officer: Mary-Jane Erickson, Ottawa<\/p>\n
THE USE OF GRAPHS IN
\nTHE APPRAISAL PROCESS
\nL\u2019UTILISATION DE
\nGRAPHIQUES DANS LE
\nPROCESSUS D\u2019\u00c9VALUATION<\/p>\n
CRA DIVERSIFICATION
\nDIVERSIFICATION D’UN CRA<\/p>\n
CLOSING THE
\nTECHNOLOGY GAP:
\nDATA MANAGEMENT
\nCOMBLER LE FOSS\u00c9
\nTECHNOLOGIQUE :
\nLA GESTION DES DONN\u00c9ES<\/p>\n
UNDERSTANDING
\nRESERVE FUND STUDIES
\nCOMPRENDRE LES \u00c9TUDES
\nDE FONDS DE R\u00c9SERVE<\/p>\n
10 4022<\/p>\n
CONTENTS
\nTABLE DES MATI\u00c8RES<\/p>\n
16<\/p>\n
Volume 59 | Book 4 \/ Tome 4 | 2015 | \u00c9valuation Immobili\u00e8re au Canada | Canadian Property Valuation 5<\/p>\n
mailto:info@aicanada.ca
\nmailto:info@kelman.ca
\nhttp:\/\/www.kelman.ca<\/p>\n
EXECUTIVE CORNER<\/p>\n
ACCOMPLISHING OUR GOALS
\nD A N I E L D O U C E T , A A C I , P . A P P , P R E S I D E N T<\/p>\n
K E I T H L A N C A S T L E , M B A , C A E , C H I E F E X E C U T I V E O F F I C E R<\/p>\n
T he past six months have been a whirlwind of activity. AIC volunteers and sta\ufffd continue to implement new programs that
\nalign to the 2015-2018 strategic plan,
\nwhile also striving to deliver quality day-
\nto-day services. <\/p>\n
With the goal of continuing
\nto improve membership value, we
\nare pleased to report that we have
\naccomplished a signi\ufffdcant amount of
\nprogress towards the strategic objectives
\nthat members identi\ufffded as being critical
\nto their individual success as well as
\nsuccess of the whole profession. <\/p>\n
Advocacy on behalf of our members
\n\ufffdere has been a tremendous e\ufffdort across
\nthe country to build a national advocacy
\nnetwork to address provincial and
\nnational issues. Representatives within
\neach province have been leading the
\nadvocacy e\ufffdorts within their respective
\njurisdictions and keeping their \u2018ears to
\nthe ground\u2019 on issues with government
\nand other stakeholders. Many of these
\nissues are similar across the country,
\nwhile some may be very unique in one
\njurisdiction. Discussing these concerns
\nas a national team is very valuable, as
\nit helps us to stay ahead of any relevant
\npolicies that might migrate across
\nprovincial borders. <\/p>\n
Lessons learned, resources and advice
\nare being shared among committee
\nmembers from across the country
\nto become much more e\ufffdective and <\/p>\n
strategic with our advocacy e\ufffdorts. \ufffde
\ncommittee is also committed to sharing
\nits issues and progress with AIC members
\nthrough the monthly e-Communiqu\u00e9s
\nand this quarterly publication. <\/p>\n
Diversification of the appraisal
\nprofessional\u2019s value proposition
\n\ufffde Admission and Accreditation
\nCommittee (AAC) has been putting the
\n\ufffdnal touches on a new university course
\nfor the CRA designation that will assist
\nin helping our members identify new
\nopportunities to diversify their practice.
\nBUSI 352 – Case Studies in Residential
\nValuation is being developed by UBC
\nand AIC members to help CRAs explore
\nvaluation options that are within the
\nCRA\u2019s scope, as de\ufffdned by the Canadian
\nUniform Standards of Professional
\nAppraisal Practice (CUSPAP). \ufffdis course
\nwill open up opportunities outside the
\ntraditional mortgage \ufffdnancing work that
\ngarner higher fees \u2013 such as expropriation,
\nlitigation, reserve fund studies, appraisal
\nreview, and much more. <\/p>\n
AAC has been updating components
\nof the designation program, such as
\nthe professional competency interview,
\nto align with the recently revised
\ncompetencies that are AACI and CRA
\nrequirements. AAC is also working
\nclosely with ULaval to continue building
\nawareness about the French AIC
\nProgram of Professional Studies. <\/p>\n
Meanwhile, the Professional Practice
\nCommittee is working towards a new <\/p>\n
K EI T H L A NC A S T L E<\/p>\n
DA NIEL DOUCE T<\/p>\n
Canadian Property Valuation | \u00c9valuation Immobili\u00e8re au Canada | Volume 59 | Book 4 \/ Tome 4 | 20156 Click HERE to return to
\nTABLE OF CONTENTS<\/p>\n
EXECUTIVE CORNER<\/p>\n
version of CUSPAP 2016 that will
\nprovide a new opportunity to appraise
\nmachinery and equipment. \ufffde exposure
\ndraft will be circulated to members and
\nstakeholders for review by January 2016
\nand full implementation by April 2016.<\/p>\n
\ufffde provincial and national o\ufffdces
\nhave also been working together to
\nensure all members meet their CPD
\nrequirement by December 31, 2015.
\n\ufffde Professional Practice team has
\nbeen delivering quality professional
\npractice seminars (PPS) through a
\none-day webinar as well as hosting
\none- and two-day PPS. \ufffdey have also
\nbeen providing interesting professional
\ndevelopment opportunities to ensure
\nmembers obtain all 24 credits by the
\nend of the year.<\/p>\n
Finally, AIC leadership continues
\nto have conversations with the
\nAppraisal Institute, the International
\nAssociation of Assessment O\ufffdcers,
\nL’Ordre des \u00e9valuateurs agr\u00e9\u00e9s, and
\n\ufffde European Group of Valuators
\nAssociation to discuss ways the AIC
\ncan institute reciprocity agreements
\nthat allow AIC members to obtain
\ninternational designations. \ufffdese
\ndiscussions have been very positive, and
\nthe international respect for the AIC
\ndesignation is apparent in all of our
\nconversations. As we progress in these
\ndiscussions, we will continue to keep
\nour members informed.<\/p>\n
Recognition of members
\nas professionals of choice
\nAIC continues to promote AIC
\nmembers as the \u2018professionals of
\nchoice.\u2019 \ufffdousands of impressions are
\nbeing made through online and print
\nadvertising that reach mortgage broker,
\nreal estate, legal, property manager
\nand government channels. With all
\nthis attention, there continues to be
\na 15-25% increase in website visitors,
\nas well as those joining AIC\u2019s social
\nmedia channels.<\/p>\n
As e\ufffdective as our advertising is,
\nface-to-face promotion is still a critical <\/p>\n
component of our e\ufffdorts. AIC has
\npositioned speakers at the CAAMP
\nFraud Summit, the CAAMP Mortgage
\nForum, and the Credit Union Professional
\nAssociation Annual Conference. AIC
\nwill also be sponsoring the Toronto Real
\nEstate Forum to reach commercial real
\nestate professionals across the country. <\/p>\n
A vibrant and
\nengaged membership
\nTo ensure that AIC measures the pulse
\nof the membership, a benchmark survey
\nwas completed with members prior to
\nthe launch of our 2015-2018 strategic
\nplan. \ufffdis survey was very insightful,
\nidentifying issues that matter to our
\nmembers, as well as the perception of
\nthe AIC\u2019s services. Although more than
\ntwo-thirds of our members are satis\ufffded
\nor very satis\ufffded with the services they are <\/p>\n
receiving, there is certainly room for
\nimprovement. Over the next three years,
\nAIC is intent on continuing to move the
\ndial in level of member satisfaction.<\/p>\n
Meanwhile, to ensure the
\nsustainability of AIC and its
\ndesignations, we are continually
\nlooking at ways to recruit new
\nprofessionals to the family. It is very
\nexciting to see how many new people
\nare interested in the profession, as the
\nparticipation rates increase for the AIC
\n101 \u2013 Introduction to the Appraisal
\nProfession webinar. On a monthly
\nbasis, we have 65-80 participants from
\nall over the country.<\/p>\n
As we continue to move forward
\nin meeting our strategic objectives, we
\nencourage all members to provide their
\nfeedback and ideas. Feel free to contact
\nus at info@aicanada.ca. <\/p>\n
Suite 101, 24 Inglewood Drive, St. Albert, AB T8N 6K4<\/p>\n
Volume 59 | Book 4 \/ Tome 4 | 2015 | \u00c9valuation Immobili\u00e8re au Canada | Canadian Property Valuation 7Click HERE to return to
\nTABLE OF CONTENTS<\/p>\n
mailto:info@aicanada.ca<\/p>\n