REAL VALUE EXPERTS | EXPERTS EN \u00c9VALUATION<\/p>\n
Going \u2018green\u2019
\nExpropriation and the
\npartial taking appraisal<\/p>\n
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\n #<\/p>\n
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Canadian Property<\/p>\n
VALUATION \u00c9VALUATION
\n Immobili\u00e8re au Canada<\/p>\n
VOLUME 53 | BOOK 1 | 2009THE OFFICIAL PUBLICATION OF THE APPRAISAL INSTITUTE OF CANADA<\/p>\n
expertise
\nCanadian
\nvaluation<\/p>\n
in world\u2019s
\npoorest country<\/p>\n
Sierra Leone<\/p>\n
AppraisersChoice.com Call Now 800-234-8727 <\/p>\n
Announcing CRAL2009\u2122
\nUpgrade to the Latest Release from the Industry Leader for Over 30-Years<\/p>\n
DESK-to-DOOR\u2122 Service
\nIncluded with ALL Purchases
\nAn ACI Desk-to-Door\u2122 Implementation Specialist is
\nat your service and available to walk you through
\nthe set-up process to ensure your system is ready
\nwhen you are.<\/p>\n
A process so smooth and effortless will leave you
\nwondering why you didn\u2019t switch to ACI sooner.<\/p>\n
ACI and its products are trademarks or registered trademarks of ACI. | Copyright \u00a9 2009 ACI | Other brand and product names are trademarks or registered trademarks of their respective owners.<\/p>\n
CRAL2009\u2122 offers best-of-breed tracking, forms, digital photo imaging, comps database
\nmanagement, integrated sketching, and mobile software. <\/p>\n
Simple enough for a new user but powerful enough for the largest appraisal companies and
\nfinancial institutions in Canada. CRAL is used by thousands of appraisal companies
\nthroughout Canada who continue to help drive its unrivaled feature set. <\/p>\n
CRAL2009\u2122 Highlights
\nNew Features<\/p>\n
Power Toolbar \u203a
\nHelp Contents \u203a
\nComp Side-by-Side View \u203a
\nVertical Split View \u203a
\nFull Addendum Editing \u203a
\nACISketch\u2122 \u203a
\nMapPoint Updates \u203a
\nGeolocator Support \u203a
\nPDF Printing \u203a
\nSystem Utility Updates \u203a
\nUpdated Website \u203a<\/p>\n
New Forms
\nERC 2003 Form \u203a
\nUSPAP 2006 \u203a
\nCompliance Addendum
\nUpdated AIC Full \u203a
\nAppraisal
\nUpdated CERC 2002 Form \u203a<\/p>\n
Learn More about CRAL2009\u2122
\nVisit AppraisersChoice.com and learn more
\nabout the new features in CRAL2009\u2122<\/p>\n
Online Training Sessions \u203a<\/p>\n
inMOTION Videos \u203a<\/p>\n
Tech Doc Library \u203a<\/p>\n
ACI Forum \u203a<\/p>\n
Compliance Corner Blog \u203a
\nfeaturing Rich Heyn, SRA,
\nDirector of Compliance<\/p>\n
The Premier Appraisal Software<\/p>\n
COACH<\/p>\n
CONFIGURE
\nCONSULT Directly from Our Desk to Yours \u203a<\/p>\n
System Configuration \u203a
\nWe Train Your Staff \u203a<\/p>\n
Package Includes <\/p>\n
One CRAL Install including: \u203a
\nAppraisal Forms Library, Order Tracking,
\nPhoto Management, and Comps Database<\/p>\n
New! \u203a ACI Sketch\u2122<\/p>\n
Digital Signature (One) \u203a<\/p>\n
MapPoint (One Year) \u203a<\/p>\n
Free PDF Creator \u203a<\/p>\n
Premier Plus Service (One Year) \u203a
\nIncludes Support & Updates<\/p>\n
Desk-to-Door\u2122 Service \u203a<\/p>\n
Visit AppraisersChoice.com or call
\n800-234-8727 to request your free demo.<\/p>\n
* Payable in US Dollars<\/p>\n
Limited Time Offer<\/p>\n
CRAL2009\u2122 $495*<\/p>\n
Form300 10\/08<\/p>\n
C
\nR<\/p>\n
A
\nL<\/p>\n
C
\nollection for W<\/p>\n
indow
\ns<\/p>\n
80
\n0<\/p>\n
-234-8727<\/p>\n
24 Old Kings Road North
\nPalm Coast, Florida 32137t 800-234-8727 f 386-246-3811AppraisersChoice.com<\/p>\n
THE APPRAISER\u2019S CHOICE\u2122<\/p>\n
THE APPRAISER\u2019S CHOICE\u2122<\/p>\n
CRAL2009\u2122 Collection for Windows<\/p>\n
A
\np<\/p>\n
p
\nraisersC<\/p>\n
ho
\nice.co<\/p>\n
m<\/p>\n
ACI Sketch\u2122
\nPowerful Floorplan Technology
\nSimple to use with a minimal
\nlearning curve and
\nintuitive features like:<\/p>\n
Online Help \u203a
\nTape Measure Tool \u203a
\nFeet & Inches \u203a
\nLabels \u203a
\nSymbols \u203a
\nArcs \u203a
\nCopy & Paste \u203a<\/p>\n
\u201cACI Sketch\u2122 is one of the best new
\nproducts to increase efficiency for <\/p>\n
appraisers. We use it in the office and on
\nour tablet PCs in the field, both with great <\/p>\n
success. We are particularly impressed
\nwith the free-form approach that ACI
\nSketch\u2122 brings to creating floorplans.\u201d
\nJay Delich, President of Arizona Appraisal, LLC<\/p>\n
$99*
\nIncludes CRAL Integration<\/p>\n
http:\/\/www.appraiserchoice.com<\/p>\n
AppraisersChoice.com Call Now 800-234-8727 <\/p>\n
Announcing CRAL2009\u2122
\nUpgrade to the Latest Release from the Industry Leader for Over 30-Years<\/p>\n
DESK-to-DOOR\u2122 Service
\nIncluded with ALL Purchases
\nAn ACI Desk-to-Door\u2122 Implementation Specialist is
\nat your service and available to walk you through
\nthe set-up process to ensure your system is ready
\nwhen you are.<\/p>\n
A process so smooth and effortless will leave you
\nwondering why you didn\u2019t switch to ACI sooner.<\/p>\n
ACI and its products are trademarks or registered trademarks of ACI. | Copyright \u00a9 2009 ACI | Other brand and product names are trademarks or registered trademarks of their respective owners.<\/p>\n
CRAL2009\u2122 offers best-of-breed tracking, forms, digital photo imaging, comps database
\nmanagement, integrated sketching, and mobile software. <\/p>\n
Simple enough for a new user but powerful enough for the largest appraisal companies and
\nfinancial institutions in Canada. CRAL is used by thousands of appraisal companies
\nthroughout Canada who continue to help drive its unrivaled feature set. <\/p>\n
CRAL2009\u2122 Highlights
\nNew Features<\/p>\n
Power Toolbar \u203a
\nHelp Contents \u203a
\nComp Side-by-Side View \u203a
\nVertical Split View \u203a
\nFull Addendum Editing \u203a
\nACISketch\u2122 \u203a
\nMapPoint Updates \u203a
\nGeolocator Support \u203a
\nPDF Printing \u203a
\nSystem Utility Updates \u203a
\nUpdated Website \u203a<\/p>\n
New Forms
\nERC 2003 Form \u203a
\nUSPAP 2006 \u203a
\nCompliance Addendum
\nUpdated AIC Full \u203a
\nAppraisal
\nUpdated CERC 2002 Form \u203a<\/p>\n
Learn More about CRAL2009\u2122
\nVisit AppraisersChoice.com and learn more
\nabout the new features in CRAL2009\u2122<\/p>\n
Online Training Sessions \u203a<\/p>\n
inMOTION Videos \u203a<\/p>\n
Tech Doc Library \u203a<\/p>\n
ACI Forum \u203a<\/p>\n
Compliance Corner Blog \u203a
\nfeaturing Rich Heyn, SRA,
\nDirector of Compliance<\/p>\n
The Premier Appraisal Software<\/p>\n
COACH<\/p>\n
CONFIGURE
\nCONSULT Directly from Our Desk to Yours \u203a<\/p>\n
System Configuration \u203a
\nWe Train Your Staff \u203a<\/p>\n
Package Includes <\/p>\n
One CRAL Install including: \u203a
\nAppraisal Forms Library, Order Tracking,
\nPhoto Management, and Comps Database<\/p>\n
New! \u203a ACI Sketch\u2122<\/p>\n
Digital Signature (One) \u203a<\/p>\n
MapPoint (One Year) \u203a<\/p>\n
Free PDF Creator \u203a<\/p>\n
Premier Plus Service (One Year) \u203a
\nIncludes Support & Updates<\/p>\n
Desk-to-Door\u2122 Service \u203a<\/p>\n
Visit AppraisersChoice.com or call
\n800-234-8727 to request your free demo.<\/p>\n
* Payable in US Dollars<\/p>\n
Limited Time Offer<\/p>\n
CRAL2009\u2122 $495*<\/p>\n
Form300 10\/08<\/p>\n
C
\nR<\/p>\n
A
\nL<\/p>\n
C
\nollection for W<\/p>\n
indow
\ns<\/p>\n
80
\n0<\/p>\n
-234-8727<\/p>\n
24 Old Kings Road North
\nPalm Coast, Florida 32137t 800-234-8727 f 386-246-3811AppraisersChoice.com<\/p>\n
THE APPRAISER\u2019S CHOICE\u2122<\/p>\n
THE APPRAISER\u2019S CHOICE\u2122<\/p>\n
CRAL2009\u2122 Collection for Windows<\/p>\n
A
\np<\/p>\n
p
\nraisersC<\/p>\n
ho
\nice.co<\/p>\n
m<\/p>\n
ACI Sketch\u2122
\nPowerful Floorplan Technology
\nSimple to use with a minimal
\nlearning curve and
\nintuitive features like:<\/p>\n
Online Help \u203a
\nTape Measure Tool \u203a
\nFeet & Inches \u203a
\nLabels \u203a
\nSymbols \u203a
\nArcs \u203a
\nCopy & Paste \u203a<\/p>\n
\u201cACI Sketch\u2122 is one of the best new
\nproducts to increase efficiency for <\/p>\n
appraisers. We use it in the office and on
\nour tablet PCs in the field, both with great <\/p>\n
success. We are particularly impressed
\nwith the free-form approach that ACI
\nSketch\u2122 brings to creating floorplans.\u201d
\nJay Delich, President of Arizona Appraisal, LLC<\/p>\n
$99*
\nIncludes CRAL Integration<\/p>\n
http:\/\/www.appraiserchoice.com<\/p>\n
Canadian Property Valuation Volume 53 | book 1 | 2009 \u00c9valuation Immobili\u00e8re au Canada4<\/p>\n
6 An overview
\nof the work
\ndone to date<\/p>\n
8 Un aper\u00e7u de
\nce qui a \u00e9t\u00e9
\naccompli
\njusqu\u2019\u00e0
\npr\u00e9sent<\/p>\n
10 Adapting your career to
\na changing market<\/p>\n
11 Adapter
\nvotre carri\u00e8re \u00e0
\nun march\u00e9 en
\n\u00e9volution<\/p>\n
14 AACI (Hon)
\nMembers recognized for
\noutstanding contributions to
\nprofession<\/p>\n
16 Multiple uses
\nand multiple reliances<\/p>\n
18 Primer on International
\nValuation Standards \u2013 Part 2<\/p>\n
22 Co-signing means accepting full
\nresponsibility<\/p>\n
24 AIC 2009 Conference\/ICE 2009
\nConf\u00e9rence<\/p>\n
4<\/p>\n
403-200 Catherine Street,
\nOttawa, ON K2P 2K9 <\/p>\n
Phone: (613) 234-6533 Fax: (613) 234-7197
\nWeb site: www.aicanada.ca<\/p>\n
Contact us at: info@aicanada.ca <\/p>\n
Board of Directors
\nConseil d\u2019administration<\/p>\n
President \u2013 Pr\u00e9sident
\nGeorge Maurice, AACI, P. App., Ontario<\/p>\n
President Elect \u2013 Pr\u00e9sident d\u00e9sign\u00e9
\nSheila Young, AACI, P. App., Alberta<\/p>\n
Immediate Past-president \u2013
\nPr\u00e9sident sortant<\/p>\n
Gordon Tomiuk, AACI, P. App., Fellow, Manitoba<\/p>\n
Vice-Presidents \u2013 Vice-pr\u00e9sidents
\nCraig Soderquist, AACI, P. App., Alberta<\/p>\n
Grant Uba, AACI, P. App., Ontario<\/p>\n
Directors \u2013 Directeurs
\nGerald McCoombs, AACI, P. App., New Brunswick <\/p>\n
Paul Olscamp, AACI, P. App., Fellow, Prince Edward Island
\nBeverley Girvan, AACI, P. App., Nova Scotia<\/p>\n
Michel Colgan, AACI, P. App., Qu\u00e9bec
\nJohn Yannacopoulos, AACI, P. App., British Columbia<\/p>\n
George Ward, AACI, P. App., British Columbia
\nKimberly Maber, AACI, P. App., Saskatchewan<\/p>\n
Michael Mendela, AACI, P. App., Ontario
\nGregory Bennett, AACI, P. App., Newfoundland & Labrador <\/p>\n
Chief Executive Officer
\nGeorges Lozano, MPA, Ottawa<\/p>\n
Director of Marketing & Communications
\nJoanne Charlebois, Ottawa<\/p>\n
Managing Editor \u2013
\nR\u00e9dacteur administratif<\/p>\n
Craig Kelman, Winnipeg<\/p>\n
Assistant Editor \u2013
\nR\u00e9dacteur en chef adjoint<\/p>\n
Cheryl Parisien, Winnipeg<\/p>\n
Editorial Board
\nAIC would like to thank the following <\/p>\n
individuals for their assistance and support:
\nGrant Uba, AACI, P. App. \u2013 Chair<\/p>\n
John Peebles, AACI, P. App
\nAndr\u00e9 Beaudoin, CRA<\/p>\n
David Lopatka, AACI, P. App
\nJoanne Hayes, AACI, P. App<\/p>\n
Jane Londerville, B.Sc., M.B.A.,
\nAssociate Professor, University of Guelph<\/p>\n
Publication management, design and production by:<\/p>\n
The articles printed in this issue represent authors\u2019 opinions only and are not neces-
\nsarily endorsed by the APPRAISAL InSTITUTe OF CAnADA. Copyright 2009 by the
\nAPPRAISAL InSTITUTe OF CAnADA. All rights reserved. Reproduction in whole or
\nin part without written permission is strictly prohibited. Subscription, $40.00 per
\nyear. Printed in Canada. Les articles imprim\u00e9s dans ce num\u00e9ro ne rep\u00e9sentent que
\nl\u2019opinion de leur auteur respectif, mais ne sont pas n\u00e9ces\u2013sairement endoss\u00e9s par
\nL\u2019InSTITUT CAnADIen DeS \u00c9vALUATeURS. Tous droits reserv\u00e9s 2008 par L\u2019InSTITUT
\nCAnADIen DeS \u00c9vALUATeURS. La reproduction totale ou partielle sous quelque form
\nque se soit sans authorisation \u00e9crite est absolument interdite. Abonnement $40.00
\npar ann\u00e9e. Imprim\u00e9 au Canada.<\/p>\n
Indexed in the Canadian Business Index and available on-line in the Canadian
\nBusiness & Current Affairs database.<\/p>\n
ISSN 0827-2697<\/p>\n
3rd Floor \u2013 2020 Portage Avenue
\nWinnipeg, MB R3J 0K4<\/p>\n
Phone: 866-985-9780 \u2022 Fax: 866-985-9799
\nE-mail: info@kelman.ca \u2022 Web: www.kelman.ca<\/p>\n
Design\/Layout: Tracy Toutant
\nAdvertising Manager: Kris Fillion<\/p>\n
Advertising Co-ordinator: Lauren Campbell<\/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
Published by the
\nVolume 53, book 1, 2009<\/p>\n
Contents<\/p>\n
Do your part for the environment \u2013 reuse and recycle.<\/p>\n
26 Independent adjudication<\/p>\n
27 Where is the marketing?<\/p>\n
28 Dealing with fraud<\/p>\n
29 AIC\u2019s Peer Review Project<\/p>\n
30 How to measure
\nand calculate
\nresidential square
\nfootage<\/p>\n
32 UBC webinars bring the
\nclassroom to you<\/p>\n
34 Experience is a
\nkey element in exam success<\/p>\n
35 Going \u2018green\u2019<\/p>\n
38 Canadian valuation
\nexpertise assists municipalities
\nin world\u2019s
\npoorest
\ncountry<\/p>\n
40 Expropriation
\nand the
\npartial taking
\nappraisal<\/p>\n
44 Designations\/
\nCandidates\/
\nStudents<\/p>\n
45 News<\/p>\n
46 Calendar of Events<\/p>\n
46 Advertiser Information Centre<\/p>\n