{"id":39596,"date":"2016-08-22T16:16:21","date_gmt":"2016-08-22T20:16:21","guid":{"rendered":"https:\/\/www.aicanada.ca\/fr\/?post_type=issue&#038;p=39596"},"modified":"2016-08-22T16:17:21","modified_gmt":"2016-08-22T12:17:21","slug":"2016-volume-60-livre-3","status":"publish","type":"issue","link":"https:\/\/www.aicanada.ca\/fr\/cpv-issue\/2016-volume-60-livre-3\/","title":{"rendered":"2016 \u2013 Volume 60 \u2013 Tome 3"},"content":{"rendered":"<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>A STRATEGIC APPROACH<br \/>\nTO MUNICIPAL REAL ESTATE<\/p>\n<p>Une approche strat\u00e9gique<br \/>\nde l\u2019immobilier municipal<\/p>\n<p>WHAT IS THE WORTH OF THE<br \/>\nROYAL REGINA GOLF CLUB?<\/p>\n<p>Quelle est la valeur du<br \/>\nRoyal Regina Golf Club ?<\/p>\n<p>RELIANCE LETTERS:<br \/>\nCONSIDER THE RISKS<\/p>\n<p>Lettres de fiabilit\u00e9 :<br \/>\nsongez aux risques<\/p>\n<p>VOL 60 | BOOK 3 \/ TOME 3 | 2016<\/p>\n<p>L&rsquo;\u00c9VALUATION DE<br \/>\nLA MACHINERIE<br \/>\nET DE L&rsquo;\u00c9QUIPMENT<\/p>\n<p>APPRAISING<br \/>\nMACHINERY<br \/>\nAND EQUIPMENT<\/p>\n<p>mailto:info@aicanada.ca<\/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 \/>\nhttp:\/\/www.facebook.com\/cdcconsulting<\/p>\n<p>Reserve Fund<br \/>\nPlanning Program<br \/>\n(RFPP)<\/p>\n<p>The RFPP program comprises two courses:<\/p>\n<p>CPD 891: Fundamentals of Reserve Fund Planning<\/p>\n<p>A comprehensive overview of the underlying theory,<br \/>\nprinciples, and techniques required for preparing reserve<br \/>\nfund studies and depreciation reports.<\/p>\n<p>CPD 899: Reserve Fund Planning Guided Case Study<\/p>\n<p>Guides the student through the process of completing a<br \/>\ncomprehensive reserve fund study report. <\/p>\n<p>The UBC Real Estate Division\u2019s Reserve Fund Planning<br \/>\nProgram (RFPP) is a national program designed to provide<br \/>\nreal estate practitioners with the necessary expertise<br \/>\nrequired to complete a diversity of reserve fund studies and<br \/>\ndepreciation reports. <\/p>\n<p>The program covers a variety of property types from<br \/>\ndi\ufffderent Canadian provinces, o\ufffdering both depth and<br \/>\nbreadth in understanding how reserve fund studies are<br \/>\nprepared for condominium\/stratas and other properties.<\/p>\n<p>Find out more and apply to the<br \/>\nprogram now: <\/p>\n<p>realestate.ubc.ca\/RFPP<br \/>\ntel:  604.822.2227 \/ 1.877.775.7733<\/p>\n<p>email:  rfpp@realestate.sauder.ubc.ca<\/p>\n<p>Those holding the CRA or AACI<br \/>\ndesignations have met the program<br \/>\npre-requisites and are eligible for<br \/>\ndirect entry into the RFP program.<\/p>\n<p>mailto:rfpp@realestate.sauder.ubc.ca<br \/>\nhttp:\/\/realestate.ubc.ca\/RFPP<\/p>\n<p>Accelerating success.<\/p>\n<p>With over 585 valuation professionals located in 66 countries,<br \/>\nColliers International Valuation &#038; Advisory Services is a leader<br \/>\nin global real  estate services, de\ufffdned by our spirit of enterprise.<br \/>\nThrough a culture of service excellence and a shared sense of<br \/>\ninitiative, we integrate the resources of real estate specialists<br \/>\nworldwide to accelerate the success of our partners. With<br \/>\nmore than 90 professionals in ten cities here in Canada, there<br \/>\nare numerous opportunities to join our growing team.<\/p>\n<p>DEDICATED TO<br \/>\nRESULTS<\/p>\n<p>collierscanada.com\/careers<\/p>\n<p>ORIENT\u00c9S<br \/>\nR\u00c9SULTATS <\/p>\n<p>collierscanada.com\/careers<\/p>\n<p>Avec plus de 585 professionnels en \u00e9valuation localis\u00e9s dans 66<br \/>\npays, Colliers International \u00c9valuation et services consultatifs est,<br \/>\ngr\u00e2ce \u00e0 son esprit d\u2019entreprise, un chef de \ufffdle dans les services<br \/>\nimmobiliers mondiaux. De par notre culture d\u2019excellence en terme<br \/>\nde service et notre sens partag\u00e9 d\u2019initiative; nous int\u00e9grons les<br \/>\nressources de nos sp\u00e9cialistes en immobilier du monde entier a\ufffdn<br \/>\nd\u2019acc\u00e9l\u00e9rer le succ\u00e8s de nos professionnels. Plus de 90 de ces<br \/>\nderniers sont actuellement pr\u00e9sents dans 10 villes \u00e0 travers le<br \/>\nCanada, et de nombreuses opportunit\u00e9s ne cesse de s\u2019ajouter pour<br \/>\nvous permettre de joindre notre \u00e9quipe en constante croissance.<\/p>\n<p>Think it\u2019s time to elevate your career and take your earning<br \/>\npotential to new heights?<\/p>\n<p>Est-il est temps pour vous, d\u2019\u00e9voluer dans votre carri\u00e8re a\ufffdn<br \/>\nd\u2019augmenter votre potentiel salarial vers un nouveau sommet?<\/p>\n<p>http:\/\/collierscanada.com\/careers<br \/>\nhttp:\/\/collierscanada.com\/careers<\/p>\n<p>06 Executive Corner<br \/>\nA CONVERSATION WITH NEW<br \/>\nPRESIDENT DAN BREWER<\/p>\n<p>28 A Professional Appraiser\u2019s Perspective<br \/>\nAPPRAISING MACHINERY<br \/>\nAND EQUIPMENT WITH<br \/>\nDARRELL THORVALDSON<\/p>\n<p>34 Professional Practice Matters<br \/>\nCUSPAP 2016<\/p>\n<p>38 Around the Globe<br \/>\nPROVIDING NEW SERVICES<br \/>\nTO NEW MARKETS<\/p>\n<p>42 Legal Matters<br \/>\nEXPROPRIATION: \u2018SPECIAL<br \/>\nECONOMIC ADVANTAGE\u2019 REVISITED<\/p>\n<p>46 Advocacy<br \/>\nADVOCACY IN ACTION <\/p>\n<p>50 Education<br \/>\nCANDIDATE GROWTH\u2026<br \/>\nWHERE DO WE GO FROM HERE?<\/p>\n<p>54 NEWS<\/p>\n<p>66 DESIGNATIONS, CANDIDATES,<br \/>\nSTUDENTS<\/p>\n<p>09 Le coin de l\u2019ex\u00e9cutif<br \/>\nUNE CONVERSATION AVEC LE PR\u00c9SIDENT<br \/>\nNOUVELLEMENT DAN BREWER <\/p>\n<p>31 Point de vue d\u2019un \u00e9valuateur professionnel<br \/>\nL\u2019\u00c9VALUATION DE LA MACHINERIE<br \/>\nET DE L\u2019\u00c9QUIPEMENT AVEC<br \/>\nDARRELL THORVALDSON <\/p>\n<p>36 Parlons pratique professionnelle<br \/>\nLES NUPPEC 2016<\/p>\n<p>40 Autour du monde<br \/>\nLES NOUVEAUX SERVICES<br \/>\nSUR DE NOUVEAUX MARCH\u00c9S <\/p>\n<p>44 Questions jurdiques<br \/>\nEXPROPRIATION : RETOUR SUR<br \/>\nL\u2019\u2039 AVANTAGE \u00c9CONOMIQUE PARTICULIER \u203a<\/p>\n<p>48 D\u00e9fense<br \/>\nD\u00c9FENSE DES DROITS \u00c0 L\u2019\u0152UVRE <\/p>\n<p>52 \u00c9ducation<br \/>\nCROISSANCE DES STAGIAIRES\u2026<br \/>\nO\u00d9 ALLONS-NOUS MAINTENANT?<\/p>\n<p>54  NOUVELLES<\/p>\n<p>66 D\u00c9SIGNATIONS, STAGIAIRES,<br \/>\n\u00c9TUDIANTS<\/p>\n<p>COLUMNS \/ CHRONIQUES<\/p>\n<p>FEATURES \/ EN VEDETTE<br \/>\nVOL 60 |  BOOK 3 \/  TOME 3  |  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: Kristy Unrau<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>WHAT IS THE WORTH OF THE<br \/>\nROYAL REGINA GOLF CLUB?<br \/>\nQUELLE EST LA VALEUR DU<br \/>\nROYAL REGINA GOLF CLUB ?<\/p>\n<p>AIC 2016: MEMORIES FROM<br \/>\nAN OUTSTANDING EVENT<br \/>\nICE 2016 : SOUVENIRS D\u2019UN<br \/>\n\u00c9V\u00c9NEMENT EXCEPTIONNEL <\/p>\n<p>RELIANCE LETTERS:<br \/>\nCONSIDER THE RISKS<br \/>\nLETTRES DE FIABILIT\u00c9 :<br \/>\nSONGEZ AUX RISQUES<\/p>\n<p>A STRATEGIC APPROACH TO<br \/>\nMUNICIPAL REAL ESTATE<br \/>\nUNE APPROCHE STRAT\u00c9GIQUE<br \/>\nDE L\u2019IMMOBILIER MUNICIPAL<\/p>\n<p>CONTENTS<br \/>\nTABLE DES MATI\u00c8RES<\/p>\n<p>12 562420<\/p>\n<p>Accelerating success.<\/p>\n<p>With over 585 valuation professionals located in 66 countries,<br \/>\nColliers International Valuation &#038; Advisory Services is a leader<br \/>\nin global real  estate services, de\ufffdned by our spirit of enterprise.<br \/>\nThrough a culture of service excellence and a shared sense of<br \/>\ninitiative, we integrate the resources of real estate specialists<br \/>\nworldwide to accelerate the success of our partners. With<br \/>\nmore than 90 professionals in ten cities here in Canada, there<br \/>\nare numerous opportunities to join our growing team.<\/p>\n<p>DEDICATED TO<br \/>\nRESULTS<\/p>\n<p>collierscanada.com\/careers<\/p>\n<p>ORIENT\u00c9S<br \/>\nR\u00c9SULTATS <\/p>\n<p>collierscanada.com\/careers<\/p>\n<p>Avec plus de 585 professionnels en \u00e9valuation localis\u00e9s dans 66<br \/>\npays, Colliers International \u00c9valuation et services consultatifs est,<br \/>\ngr\u00e2ce \u00e0 son esprit d\u2019entreprise, un chef de \ufffdle dans les services<br \/>\nimmobiliers mondiaux. De par notre culture d\u2019excellence en terme<br \/>\nde service et notre sens partag\u00e9 d\u2019initiative; nous int\u00e9grons les<br \/>\nressources de nos sp\u00e9cialistes en immobilier du monde entier a\ufffdn<br \/>\nd\u2019acc\u00e9l\u00e9rer le succ\u00e8s de nos professionnels. Plus de 90 de ces<br \/>\nderniers sont actuellement pr\u00e9sents dans 10 villes \u00e0 travers le<br \/>\nCanada, et de nombreuses opportunit\u00e9s ne cesse de s\u2019ajouter pour<br \/>\nvous permettre de joindre notre \u00e9quipe en constante croissance.<\/p>\n<p>Think it\u2019s time to elevate your career and take your earning<br \/>\npotential to new heights?<\/p>\n<p>Est-il est temps pour vous, d\u2019\u00e9voluer dans votre carri\u00e8re a\ufffdn<br \/>\nd\u2019augmenter votre potentiel salarial vers un nouveau sommet?<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 5Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/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>A CONVERSATION<br \/>\nWITH NEWLY-ELECTED  <\/p>\n<p>AIC PRESIDENT<br \/>\nDAN BREWER, AACI, P.APP<\/p>\n<p>You are a senior appraiser and<br \/>\nconsultant for Appraisers Canada<br \/>\nInc., with offices in Richmond<br \/>\nHill and Barrie, ON. Can you<br \/>\ntell us about the company and<br \/>\nthe business it conducts?<br \/>\nWhat are your specific areas of<br \/>\npractice and responsibilities?<br \/>\nDB: We are a multi-discipline<br \/>\norganization providing real estate<br \/>\nvaluation and consulting services that<br \/>\ninclude machinery and equipment,<br \/>\nreserve fund studies, replacement costing,<br \/>\nforensic investigation, litigation support,<br \/>\nexpropriation, stigma and contamination.<br \/>\nIt is a family operation with three AACIs,<br \/>\none CRA and three support staff. I am<br \/>\ninvolved in all aspects of the business,<br \/>\nwhich I feel gives me a unique perspective<br \/>\non many aspects of this profession.<\/p>\n<p>You have more than 38 years<br \/>\nexperience practicing property<br \/>\nvaluation. Can you elaborate<br \/>\non the career path that led<br \/>\nto your current position?<br \/>\nDB: In 1978, I started in real estate as a<br \/>\nsalesperson. The broker who mentored<br \/>\nme also carried out appraisal work.<br \/>\nHe\u00a0encouraged me to become involved <\/p>\n<p>\u201cWE ARE HERE ON BEHALF OF OUR<br \/>\nMEMBERS AND OPERATE ON THE BASIC  <\/p>\n<p>PHILOSOPHY THAT \u2018MEMBERS MATTER.\u2019\u201d<\/p>\n<p>in property valuation and to work<br \/>\ntowards my CRA accreditation, which I<br \/>\nachieved in 1987. For the next 20 years,<br \/>\nI remained a CRA and went about<br \/>\nestablishing my career. I had planned to<br \/>\nearn my AACI designation sooner than<br \/>\nI did, however, I guess you could say<br \/>\nthat life, with all of its ups and downs,<br \/>\ngot in the way. The fact that most of<br \/>\nthe work I was doing went beyond the<br \/>\nscope of the CRA and required an AACI<br \/>\nco-signature resulted in me taking that<br \/>\nnext step to become an AACI in 2006.<br \/>\nEarning that designation gave me the<br \/>\nopportunity to expand my expertise<br \/>\nand continue to be a leader in this<br \/>\ngreat industry.<\/p>\n<p>In addition to my Appraisal Institute<br \/>\nof Canada (AIC) designations, I am<br \/>\nalso a licensed real estate and mortgage<br \/>\nbroker, and hold the designations<br \/>\nof a CRP (Certified Reserve Fund<br \/>\nPlanner) with the Real Estate Institute<br \/>\nof Canada, a CPPA (Canadian<br \/>\nPersonal Property Appraiser) and a<br \/>\nPLE (Professional Land Economist).<br \/>\nI\u00a0believe that the additional knowledge<br \/>\nand expertise from these other facets of<br \/>\nthe real estate business makes me more<br \/>\nof a well-rounded professional. <\/p>\n<p>\u201cWHEN YOU SEE<br \/>\nTHINGS THAT NEED  <\/p>\n<p>TO BE IMPROVED AND<br \/>\nCHANGED, YOU EITHER GET<br \/>\nINVOLVED OR DO NOTHING.  <\/p>\n<p>FOR ME, DOING NOTHING<br \/>\nWAS NOT AN OPTION.\u201d<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 20166 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>EXECUTIVE CORNER<\/p>\n<p>You obviously made a decision<br \/>\nat some point in your career to<br \/>\nbecome engaged in volunteer<br \/>\nactivities. Why did you make that<br \/>\nchoice and in what capacities have<br \/>\nyou volunteered over the years?<br \/>\nDB: Volunteering has been in my DNA.<br \/>\nAs an adult and parent, I have been a coach<br \/>\nand trainer of various hockey and fastball<br \/>\nteams over the years. While my kids were<br \/>\ngrowing up, it was a good way to be there<br \/>\nfor them. I then became involved with<br \/>\nthe professional organization that has<br \/>\nprovided me with a great career and amazing<br \/>\nopportunities \u2013 the AIC. In addition to<br \/>\nbeing the 2016-2017 National President,<br \/>\nsome of my other volunteer service has<br \/>\nbeen as Chair of the Professional Practice<br \/>\nCommittee and the National Admissions<br \/>\nand Accreditation Committee, Chair of<br \/>\nthe AIC Toronto Chapter, Director of<br \/>\nthe Ontario Association AIC (Region 3 \u2013<br \/>\nToronto), Investigator with the Investigating<br \/>\nCommittee, Examiner with the Board of<br \/>\nExaminers, National Peer Reviewer, and<br \/>\nGovernment Relations (Ontario).<\/p>\n<p>How would you sum up your<br \/>\nexperiences as a volunteer<br \/>\nand what it has meant to you<br \/>\npersonally and professionally?<br \/>\nDB: To be a volunteer means engagement.<br \/>\nIt is about giving back. When you see<br \/>\nthings that need to be improved and<br \/>\nchanged, you either get involved or do<br \/>\nnothing. For\u00a0me, doing nothing was not<br \/>\nan option. In addition to affecting change,<br \/>\nbeing involved as I have has also enabled me<br \/>\nto meet colleagues and make friends all over<br \/>\nthis great country.<\/p>\n<p>You have attended 24 consecutive AIC<br \/>\nnational conferences. Why have you<br \/>\nfelt this was important and how do<br \/>\nyou feel it has impacted your career?<br \/>\nDB: As a committed volunteer, attending<br \/>\nconferences gave me an opportunity to be<br \/>\non top of the issues and the profession as a<br \/>\nwhole. It also allowed me to experience and<br \/>\nmeet other professionals from coast to coast.<br \/>\nIt truly has been an enjoyable experience.<\/p>\n<p>You are now the AIC President and<br \/>\nserve on the Executive Committee<br \/>\nas well as the Professional<br \/>\nPractice Committee. What are<br \/>\nyour responsibilities in these<br \/>\nareas and what challenges do<br \/>\nyou foresee in the year ahead?<br \/>\nDB: My role as president is to lead,<br \/>\nfacilitate and empower others to be<br \/>\ninvolved and make decisions. My job is<br \/>\nmade easier by the fact that we have a very<br \/>\ncollaborative Board of Directors and that<br \/>\nextends to the work of our staff, led by<br \/>\nour CEO. We know that each one of us<br \/>\nis here to represent the national body and<br \/>\nto make a difference for the profession.<br \/>\nWe are here on behalf of our members<br \/>\nand operate on the basic philosophy that<br \/>\n\u2018members matter.\u2019<\/p>\n<p>As for the challenges that we face in<br \/>\nthe year ahead, for me personally it will<br \/>\nbe to enjoy the year as it unfolds and<br \/>\nto manage my time effectively in order<br \/>\nto benefit the AIC and its members.<br \/>\nFor\u00a0the AIC, it will be to continue<br \/>\nlooking ahead, without ever forgetting<br \/>\nour past. If we forget who we are and<br \/>\nwhere we have been, we will, in fact,<br \/>\nhave no future. For appraisers in general,<br \/>\nthe challenge will be for us to recognize<br \/>\nthe value we bring to the market and<br \/>\nour clients. As appraisers, we need to<br \/>\nrealize that we are part of the financial<br \/>\nstability at every level of Canadian<br \/>\nsociety, providing common sense for a<br \/>\nvery complex industry that many do not<br \/>\nunderstand. We also need to be the voice<br \/>\nand advocate on all matters that relate<br \/>\nto the professional services we provide<br \/>\nfor those issues that affect not only AIC<br \/>\nmembers, but also the real estate and<br \/>\nlending industry in general, since it<br \/>\naffects all Canadians. <\/p>\n<p>The AIC has been implementing<br \/>\nits ever-evolving Strategic<br \/>\nPlan for the past several<br \/>\nyears. What are the institute\u2019s<br \/>\npriorities in the year ahead<br \/>\nrelative to the Strategic Plan<br \/>\nthat has been mapped out?<br \/>\nDB: Our goal will be to ensure<br \/>\nthat the Strategic Plan is a living,<br \/>\nbreathing document that enables us<br \/>\nto understand the issues that affect<br \/>\nour members and to deal with them<br \/>\naccordingly. I will work to ensure that<br \/>\nboth fee and non-fee members feel<br \/>\nengaged, proud and knowledgeable<br \/>\nthat they are held accountable to<br \/>\nour world class Canadian Uniform<br \/>\nStandards of Professional Appraisal<br \/>\nPractice (CUSPAP). Adding additional<br \/>\nstandards to make this happen<br \/>\nis part of the process. It is about<br \/>\ndiversification and giving our members<br \/>\nthe tools to be successful. <\/p>\n<p>What do you feel have been<br \/>\nthe Institute\u2019s most recent<br \/>\naccomplishments?<br \/>\nDB: The past six years, in particular,<br \/>\nhave been a truly amazing story.<br \/>\nSome of the highlights have<br \/>\nbeen the Board and its leaders<br \/>\nsigning multiple memorandums of<br \/>\nunderstanding (MOUs) with like-<br \/>\nminded organizations; implementing<br \/>\na French language education program;<br \/>\nenhancing our education program<br \/>\nand our standards; and continuing<br \/>\nto refine our already world class<br \/>\nprofessional liability insurance<br \/>\nprogram that serves our members.<br \/>\nThe future is bright indeed and I look<br \/>\nforward to continuing to see that our<br \/>\nship is heading in the right direction.<\/p>\n<p>\u201cAS APPRAISERS, WE NEED TO REALIZE THAT<br \/>\nWE ARE PART OF THE FINANCIAL STABILITY AT  <\/p>\n<p>EVERY LEVEL OF CANADIAN SOCIETY,<br \/>\nPROVIDING COMMON SENSE FOR A VERY COMPLEX <\/p>\n<p>INDUSTRY THAT MANY DO NOT UNDERSTAND.\u201d  <\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 7Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>EXECUTIVE CORNER<\/p>\n<p>A year from now, when you reflect<br \/>\nback on your term as president,<br \/>\nwhat do you hope will have been<br \/>\nthe Institute\u2019s most significant<br \/>\naccomplishment in that time period?<br \/>\nDB: Ensuring the quality and profession-<br \/>\nalism of our members\u2019 appraisal services<br \/>\nis critical to the advancement of the pro-<br \/>\nfession and our Institute. To maintain<br \/>\nour strong reputation, the AIC needs to<br \/>\ncontinue to raise the bar to enhance our<br \/>\nprofessional practice systems and standards.  <\/p>\n<p>After my one-year term, I would<br \/>\nlike to see AIC members embracing the<br \/>\nunique and important role they play in<br \/>\nthe real estate industry as independent<br \/>\nand unbiased professionals. I would like<br \/>\nto know that all of our members are<br \/>\nconstantly striving to be the best and<br \/>\nto be accountable for delivering quality<br \/>\nreal estate consulting and appraisal<br \/>\nservices that leave their clients with<br \/>\nno doubt that we are the real estate<br \/>\nprofessionals of choice in Canada. <\/p>\n<p>What advice would you give<br \/>\nto new members entering<br \/>\nthe profession and to existing<br \/>\nmembers going forward?<br \/>\nDB: You need to get involved. Start at the<br \/>\ngrass roots of our organization\u2026 at the<br \/>\nchapter, provincial, or committee levels.<br \/>\nNever think this is an easy or simple ride.<br \/>\nLearn the issues and then listen to what is<br \/>\ngoing on relative to those issues. If you are<br \/>\nto be successful, listening and being aware<br \/>\nof what affects you is key. Remember that<br \/>\nthis is not about personal agendas. If you<br \/>\nfeel that it is, don\u2019t bother. I have learned<br \/>\nto be committed, transparent, accountable<br \/>\nand open to the members. As I indicated<br \/>\nearlier, members matter.<\/p>\n<p>With the demands on your time<br \/>\nfrom a business and volunteer<br \/>\nperspective, how do you<br \/>\nspend your personal time?<br \/>\nDB: Well, I love the outdoors, whether<br \/>\nit is to snowmobile, ATV (all terrain<br \/>\nvehicle), fish, hunt, hike or bike.<br \/>\nUnfortunately, these activities are all on<br \/>\nhold at the moment\u2026 but not forever. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>\u201cOUR GOAL WILL BE TO ENSURE THAT THE STRATEGIC PLAN IS A LIVING, BREATHING<br \/>\nDOCUMENT THAT ENABLES US TO UNDERSTAND THE ISSUES THAT AFFECT OUR <\/p>\n<p>MEMBERS AND TO DEAL WITH THEM ACCORDINGLY.\u201d<\/p>\n<p>\u201cI WOULD LIKE TO KNOW<br \/>\nTHAT ALL OF OUR MEMBERS<br \/>\nARE CONSTANTLY STRIVING <\/p>\n<p>TO BE THE BEST AND TO<br \/>\nBE ACCOUNTABLE FOR <\/p>\n<p>DELIVERING QUALITY REAL<br \/>\nESTATE CONSULTING AND <\/p>\n<p>APPRAISAL SERVICES THAT<br \/>\nLEAVE THEIR CLIENTS <\/p>\n<p>WITH NO DOUBT THAT WE<br \/>\nARE THE REAL ESTATE <\/p>\n<p>PROFESSIONALS OF<br \/>\nCHOICE IN CANADA.\u201d<\/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>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 20168 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mailto:jwasmuth@crvg.com<br \/>\nmailto:jeremy.wasmuth@crvg.com<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"kHIGOBwF61\"><p><a href=\"https:\/\/crvg.com\/\">CRVG Home<\/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;CRVG Home&#8221; &#8212; CRVG - Canadian Resource Valuation Group\" src=\"https:\/\/crvg.com\/embed\/#?secret=qXBdF0zaag#?secret=kHIGOBwF61\" data-secret=\"kHIGOBwF61\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>LE COIN DE L\u2019EX\u00c9CUTIF<\/p>\n<p>Vous \u00eates \u00e9valuateur principal<br \/>\net consultant chez Appraisers<br \/>\nCanada Inc., ayant des bureaux<br \/>\n\u00e0 Richmond Hill et Barrie, ON.<br \/>\nParlez-nous de votre compagnie<br \/>\net des services que vous offrez.<br \/>\nQuels sont vos domaines de<br \/>\npratique et vos responsabilit\u00e9s?<br \/>\nDB : Nous sommes une organisation<br \/>\nmultidisciplinaire qui fournit des services<br \/>\nd\u2019\u00e9valuation et de consultation dans<br \/>\nle domaine immobilier, y compris la<br \/>\nmachinerie et l\u2019\u00e9quipement,  les \u00e9tudes de<br \/>\nfonds de r\u00e9serve, le co\u00fbt de remplacement,<br \/>\nles enqu\u00eates l\u00e9gistes, le soutien aux<br \/>\nlitiges,  l\u2019expropriation, le stigmate et<br \/>\nla contamination. C\u2019est une entreprise<br \/>\nfamiliale qui compte trois AACI, un CRA<br \/>\net trois employ\u00e9s de soutien. Je travaille \u00e0<br \/>\ntous les aspects de l\u2019entreprise, ce qui me<br \/>\ndonne une perspective unique de plusieurs<br \/>\nfacettes de la profession.<\/p>\n<p>Vous comptez plus de 38 ans<br \/>\nd\u2019exp\u00e9rience pratique en \u00e9valuation<br \/>\nimmobili\u00e8re. D\u00e9crivez-nous le<br \/>\ncheminement de carri\u00e8re qui vous<br \/>\na amen\u00e9 \u00e0 votre poste actuel.<br \/>\nDB : En 1978, j\u2019ai commenc\u00e9 ma<br \/>\ncarri\u00e8re dans l\u2019immobilier en qualit\u00e9<br \/>\nde vendeur. Le courtier qui \u00e9tait mon <\/p>\n<p>UNE CONVERSATION<br \/>\nAVEC LE PR\u00c9SIDENT <\/p>\n<p>NOUVELLEMENT \u00c9LU DE L\u2019ICE,<br \/>\nDAN BREWER, AACI, P.APP<\/p>\n<p>mentor faisait aussi du travail d\u2019\u00e9valuation.<br \/>\nIl m\u2019encouragea \u00e0 faire de l\u2019\u00e9valuation<br \/>\nimmobili\u00e8re et de travailler \u00e0 obtenir une<br \/>\naccr\u00e9ditation de CRA, d\u00e9signation que<br \/>\nj\u2019ai obtenue en 1987. Au cours des 20 ans<br \/>\nqui ont suivi, je suis demeur\u00e9 un CRA et<br \/>\nje me suis \u00e9tabli dans ma carri\u00e8re. J\u2019avais<br \/>\npr\u00e9vu obtenir ma d\u00e9signation AACI plus<br \/>\nt\u00f4t que je ne l\u2019ai fait, mais je dois dire que<br \/>\nla vie, avec ses hauts et ses bas, a refus\u00e9 de<br \/>\ncoop\u00e9rer. Le fait que la majorit\u00e9 du travail<br \/>\nque j\u2019avais \u00e0 faire allait au-del\u00e0 de la port\u00e9e<br \/>\nd\u2019un CRA et exigeait la cosignature d\u2019un<br \/>\nAACI m\u2019a incit\u00e9 \u00e0 passer \u00e0 l\u2019\u00e9tape suivante<br \/>\net \u00e0 devenir un AACI en 2006. L\u2019obtention<br \/>\nde  cette d\u00e9signation m\u2019a donn\u00e9 l\u2019occasion<br \/>\nd\u2019\u00e9largir mon expertise et de demeurer un<br \/>\nleader dans cette belle industrie.<\/p>\n<p>Outre mes d\u00e9signations de l\u2019Institut<br \/>\ncanadien des \u00e9valuateurs (ICE), je suis<br \/>\n\u00e9galement un courtier immobilier et<br \/>\nen hypoth\u00e8que licenci\u00e9 et je poss\u00e8de la<br \/>\nd\u00e9signation de CRP (Certified Reserve<br \/>\nFund Planner) d\u00e9cern\u00e9e par l\u2019Institut<br \/>\ncanadien de l\u2019immeuble, de CPPA<br \/>\n(Canadian Personal Property Appraiser)<br \/>\net de PLE (Professional Land Economist).<br \/>\nJe crois que les connaissances et l\u2019expertise<br \/>\nr\u00e9sultant de ces autres aspects de<br \/>\nl\u2019immobilier font de moi un professionnel<br \/>\nplus complet. <\/p>\n<p>\u00ab QUAND VOUS VOYEZ<br \/>\nDES CHOSES QUI <\/p>\n<p>ONT BESOIN D\u2019\u00caTRE<br \/>\nAM\u00c9LIOR\u00c9ES ET <\/p>\n<p>CHANG\u00c9ES, VOUS<br \/>\nPOUVEZ, SOIT FAIRE <\/p>\n<p>QUELQUE CHOSE, SOIT NE<br \/>\nRIEN FAIRE. POUR MOI, <\/p>\n<p>NE RIEN FAIRE N\u2019EST PAS<br \/>\nUNE OPTION. \u00bb <\/p>\n<p>\u00ab NOUS SOMMES ICI POUR REPR\u00c9SENTER NOS MEMBRES ET TRAVAILLER<br \/>\n\u00c0 PARTIR DU PRINCIPE FONDAMENTAL QUE NOS MEMBRES COMPTENT. \u00bb <\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 9Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>LE COIN DE L\u2019EX\u00c9CUTIF<\/p>\n<p>Il est clair que vous avez pris<br \/>\nune d\u00e9cision, \u00e0 un moment<br \/>\ndonn\u00e9 dans votre carri\u00e8re, de<br \/>\nparticiper \u00e0 des activit\u00e9s de<br \/>\nb\u00e9n\u00e9vole. Pourquoi avez-vous<br \/>\nfait ce choix et quelles fonctions<br \/>\navez-vous exerc\u00e9es en qualit\u00e9 de<br \/>\nb\u00e9n\u00e9vole au cours des  ann\u00e9es?<br \/>\nDB : Le b\u00e9n\u00e9volat fait partie de mon<br \/>\nADN. Comme parent et adulte, j\u2019ai<br \/>\n\u00e9t\u00e9 coach et entra\u00eeneur de diverses<br \/>\n\u00e9quipes de hockey et de baseball<br \/>\npendant des ann\u00e9es. Quand mes<br \/>\nenfants grandissaient, c\u2019\u00e9tait un bon<br \/>\nmoyen pour moi d\u2019\u00eatre avec eux. Je<br \/>\nsuis ensuite devenu actif au sein de<br \/>\nl\u2019organisation professionnelle qui<br \/>\nm\u2019a donn\u00e9 une belle carri\u00e8re et de<br \/>\nmagnifiques opportunit\u00e9s \u2013 l\u2019ICE.<br \/>\nEn plus d\u2019\u00eatre le pr\u00e9sident national de<br \/>\n2016-2017, j\u2019ai offert mes services de<br \/>\nb\u00e9n\u00e9vole comme pr\u00e9sident du Comit\u00e9<br \/>\nde pratique professionnelle et du<br \/>\nComit\u00e9 national des admissions et de<br \/>\nl\u2019accr\u00e9ditation, pr\u00e9sident du chapitre<br \/>\nde Toronto de l\u2019ICE, directeur de<br \/>\nl\u2019Association de l\u2019ICE de l\u2019Ontario<br \/>\n(R\u00e9gion 3 \u2013 Toronto), enqu\u00eateur au<br \/>\nComit\u00e9 des enqu\u00eates, examinateur<br \/>\nau Conseil des examinateurs,<br \/>\nexaminateur au sous-comit\u00e9 national<br \/>\nd\u2019examen par les pairs et charg\u00e9 des<br \/>\nRelations gouvernementales (Ontario).<\/p>\n<p>Comment r\u00e9sumez-vous vos<br \/>\nexp\u00e9riences de b\u00e9n\u00e9vole<br \/>\net ce que vous en avez<br \/>\nretir\u00e9 personnellement et<br \/>\nprofessionnellement?<br \/>\nDB : \u00catre un b\u00e9n\u00e9vole, \u00e7a veut dire<br \/>\ns\u2019engager. \u00c7a veut dire donner de son<br \/>\ntemps et de ses capacit\u00e9s. Quand vous<br \/>\nvoyez des choses qui ont besoin d\u2019\u00eatre<br \/>\nam\u00e9lior\u00e9es et chang\u00e9es, vous pouvez,<br \/>\nsoit faire quelque chose, soit ne rien<br \/>\nfaire. Pour moi, ne rien faire n\u2019est pas<br \/>\nune option. En plus d\u2019apporter des<br \/>\nchangements, le fait d\u2019avoir particip\u00e9<br \/>\ncomme je l\u2019ai fait m\u2019a aussi permis de<br \/>\nrencontrer mes coll\u00e8gues et de me faire<br \/>\ndes amis partout dans notre grand pays. <\/p>\n<p>Vous avez assist\u00e9 \u00e0 24 congr\u00e8s<br \/>\nnationaux cons\u00e9cutifs de l\u2019ICE.<br \/>\nPourquoi avez-vous senti que<br \/>\nc\u2019\u00e9tait important et comment votre<br \/>\ncarri\u00e8re en a-t-elle b\u00e9n\u00e9fici\u00e9 ?<br \/>\nDB : \u00c9tant un b\u00e9n\u00e9vole engag\u00e9, le<br \/>\nfait d\u2019assister aux congr\u00e8s m\u2019a donn\u00e9<br \/>\nl\u2019occasion de me tenir au fait des<br \/>\nenjeux et de la profession dans son<br \/>\nensemble. \u00c7a m\u2019a aussi permis  de<br \/>\nfaire connaissance avec d\u2019autres<br \/>\nprofessionnels d\u2019un oc\u00e9an \u00e0 l\u2019autre. Ce<br \/>\nfut une exp\u00e9rience vraiment agr\u00e9able.<\/p>\n<p>En ce qui a trait aux d\u00e9fis<br \/>\nauxquels nous ferons face cette ann\u00e9e,<br \/>\npersonnellement ce sera de prendre les<br \/>\nchoses du bon c\u00f4t\u00e9 \u00e0 mesure que l\u2019ann\u00e9e<br \/>\nse d\u00e9roule et de bien g\u00e9rer mon temps<br \/>\nafin de faire un travail efficace pour l\u2019ICE<br \/>\net ses membres. Quant \u00e0 l\u2019ICE, il s\u2019agira<br \/>\nde continuer \u00e0 regarder vers l\u2019avant, sans<br \/>\ntoutefois oublier notre pass\u00e9.  Si nous<br \/>\noublions qui nous sommes et d\u2019o\u00f9 nous<br \/>\nvenons, nous n\u2019aurons plus d\u2019avenir. Pour<br \/>\nles \u00e9valuateurs en g\u00e9n\u00e9ral, le d\u00e9fi sera de<br \/>\nreconna\u00eetre la valeur que nous apportons<br \/>\nau march\u00e9 et \u00e0 nos clients. En qualit\u00e9<br \/>\nd\u2019\u00e9valuateurs, nous devons reconna\u00eetre<br \/>\nque nous contribuons \u00e0 la stabilit\u00e9<br \/>\nfinanci\u00e8re \u00e0 tous les niveaux de la soci\u00e9t\u00e9<br \/>\ncanadienne, fournissant une approche<br \/>\nlogique \u00e0 une industrie tr\u00e8s complexe<br \/>\nque trop peu de gens comprennent.<br \/>\nNous devons aussi \u00eatre les porte-parole<br \/>\net les d\u00e9fenseurs de toutes les questions<br \/>\nrelatives aux services professionnels que<br \/>\nnous fournissons pour ces probl\u00e8mes qui<br \/>\naffectent, non seulement les membres<br \/>\nde l\u2019ICE, mais aussi l\u2019ensemble de<br \/>\nl\u2019immobilier et de l\u2019industrie du pr\u00eat,<br \/>\nce qui concerne tous les Canadiens. <\/p>\n<p>Depuis plusieurs ann\u00e9es, l\u2019ICE<br \/>\napplique son plan strat\u00e9gique<br \/>\nen constante \u00e9volution.<br \/>\nQuelles sont les priorit\u00e9s de<br \/>\nl\u2019Institut dans la prochaine<br \/>\nann\u00e9e en ce qui a trait au plan<br \/>\nstrat\u00e9gique qui a \u00e9t\u00e9 dress\u00e9?<br \/>\nDB : Notre but sera de voir \u00e0 ce que<br \/>\nle plan strat\u00e9gique soit un document<br \/>\n\u00e9volutif qui nous permet de comprendre<br \/>\nles probl\u00e8mes qui affectent nos membres<br \/>\net d\u2019y faire face. Je travaillerai \u00e0 faire en<br \/>\nsorte que les membres tant \u00e0 honoraires<br \/>\nque r\u00e9mun\u00e9r\u00e9s se sentent engag\u00e9s,<br \/>\nfiers et conscients d\u2019\u00eatre r\u00e9gis par nos<br \/>\nr\u00e9put\u00e9es Normes uniformes de pratique<br \/>\nprofessionnelle en mati\u00e8re d\u2019 \u00e9valuation au<br \/>\nCanada (NUPPEC). L\u2019ajout de normes<br \/>\nde ce genre fait partie du processus. C\u2019est<br \/>\nune question de diversification et de<br \/>\nprestation \u00e0 nos membres des outils qui<br \/>\nleur permettent de r\u00e9ussir. <\/p>\n<p>\u00ab EN QUALIT\u00c9<br \/>\nD\u2019\u00c9VALUATEURS, NOUS<br \/>\nDEVONS RECONNA\u00ceTRE <\/p>\n<p>QUE NOUS CONTRIBUONS<br \/>\n\u00c0 LA STABILIT\u00c9 <\/p>\n<p>FINANCI\u00c8RE \u00c0 TOUS<br \/>\nLES NIVEAUX DE LA <\/p>\n<p>SOCI\u00c9T\u00c9 CANADIENNE,<br \/>\nFOURNISSANT UNE <\/p>\n<p>APPROCHE LOGIQUE \u00c0<br \/>\nUNE INDUSTRIE TR\u00c8S <\/p>\n<p>COMPLEXE QUE TROP PEU<br \/>\nDE GENS COMPRENNENT. \u00bb <\/p>\n<p>Vous \u00eates maintenant pr\u00e9sident<br \/>\nde l\u2019ICE et vous servez au Comit\u00e9<br \/>\nex\u00e9cutif ainsi qu\u2019au Comit\u00e9 de<br \/>\npratique professionnelle. Quelles<br \/>\nsont vos responsabilit\u00e9s dans ces<br \/>\ndomaines et quels d\u00e9fis envisagez-<br \/>\nvous au cours de l\u2019ann\u00e9e qui vient?<br \/>\nDB : Mon r\u00f4le de pr\u00e9sident consiste \u00e0<br \/>\ndiriger, animer et habiliter les autres \u00e0<br \/>\ns\u2019engager et \u00e0 prendre des d\u00e9cisions. Mon<br \/>\ntravail est d\u2019autant plus facile que nous<br \/>\navons un Conseil d\u2019administration qui<br \/>\ncroit dans la coop\u00e9ration et que cet esprit<br \/>\nse communique \u00e0 notre personnel sous la<br \/>\ndirection de notre CD. Nous savons que<br \/>\nnous sommes tous ici pour repr\u00e9senter<br \/>\nles int\u00e9r\u00eats de notre association et de<br \/>\nnotre profession. Nous sommes ici pour<br \/>\nrepr\u00e9senter nos membres et travailler \u00e0<br \/>\npartir du principe fondamental que nos<br \/>\nmembres comptent. <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201610 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>LE COIN DE L\u2019EX\u00c9CUTIF<\/p>\n<p>Quelles sont, selon vous, les<br \/>\nplus remarquables r\u00e9alisations<br \/>\nr\u00e9centes de l\u2019Institut?<br \/>\nDB : Les six derni\u00e8res ann\u00e9es ont \u00e9t\u00e9<br \/>\nparticuli\u00e8rement fructueuses. Parmi les<br \/>\nfaits saillants, soulignons\u00a0: le fait que le<br \/>\nConseil d\u2019administration et ses dirigeants<br \/>\nont sign\u00e9 plusieurs protocoles d\u2019entente<br \/>\navec des organisations poursuivant des<br \/>\nobjectifs compatibles; la mise en \u0153uvre<br \/>\nd\u2019un programme d\u2019enseignement en<br \/>\nlangue fran\u00e7aise, l\u2019am\u00e9lioration de notre<br \/>\nprogramme d\u2019\u00e9ducation et de nos normes<br \/>\net la poursuite du perfectionnement de<br \/>\nnotre r\u00e9put\u00e9 programme d\u2019assurance<br \/>\nresponsabilit\u00e9 au service de nos membres.<br \/>\nL\u2019avenir est vraiment brillant et j\u2019ai h\u00e2te de<br \/>\nvoir \u00e0 ce que notre barque continue d\u2019aller<br \/>\ndans la bonne direction. <\/p>\n<p>Dans un an, quand vous r\u00e9fl\u00e9chirez<br \/>\nsur votre mandat \u00e0 la pr\u00e9sidence,<br \/>\nqu\u2019esp\u00e9rez-vous avoir \u00e9t\u00e9 la plus<br \/>\nimportante r\u00e9alisation de l\u2019Institut<br \/>\nau cours de cette p\u00e9riode?<br \/>\nDB : Il est de toute premi\u00e8re importance,<br \/>\npour l\u2019avancement de la profession et de<br \/>\nnotre Institut, d\u2019assurer la qualit\u00e9 et le<br \/>\nprofessionnalisme des services d\u2019\u00e9valuation<br \/>\nde nos membres. Pour maintenir sa bonne<br \/>\nr\u00e9putation, l\u2019ICE doit donc continuer d\u2019\u00e9lever<br \/>\nses crit\u00e8res afin de rehausser les syst\u00e8mes et les<br \/>\nnormes de pratique professionnelle. <\/p>\n<p>Apr\u00e8s mon mandat d\u2019un an, j\u2019aimerais<br \/>\nsavoir que les membres de l\u2019ICE embrassent<br \/>\nle r\u00f4le unique et important qu\u2019ils jouent<br \/>\ndans l\u2019industrie immobili\u00e8re en qualit\u00e9 de<br \/>\nprofessionnels ind\u00e9pendants et impartiaux.<br \/>\nJ\u2019aimerais savoir que tous nos membres<br \/>\ns\u2019efforcent constamment d\u2019\u00eatre \u00e0 leur<br \/>\nmeilleur et prennent la responsabilit\u00e9<br \/>\nde livrer des services de consultation<br \/>\net d\u2019\u00e9valuation de qualit\u00e9 qui donnent<br \/>\n\u00e0 leurs clients la certitude que nous<br \/>\nsommes les professionnels de choix en<br \/>\n\u00e9valuation immobili\u00e8re au Canada. <\/p>\n<p>Quel conseil donneriez-vous<br \/>\naux nouveaux membres qui<br \/>\nentrent dans la profession et<br \/>\naux membres existants qui<br \/>\nveulent aller de l\u2019avant?<br \/>\nDB : Vous devez vous engager.<br \/>\nCommencez au bas de l\u2019\u00e9chelle de notre<br \/>\norganisation\u2026 aux niveaux du chapitre,<br \/>\nde la province ou des comit\u00e9s. Ne vous<br \/>\nattendez pas \u00e0 ce que la route soit facile<br \/>\nou simple. Informez-vous des probl\u00e8mes<br \/>\net tenez-vous au courant de ce qui se<br \/>\npasse au sujet de ces probl\u00e8mes. La<br \/>\ncl\u00e9 du succ\u00e8s est de savoir \u00e9couter et<br \/>\nd\u2019\u00eatre au courant de ce qui vous affecte.<br \/>\nRappelez-vous que ce n\u2019est pas une<br \/>\nquestion d\u2019agenda personnel. Si c\u2019est <\/p>\n<p>ce que vous poursuivez, ce n\u2019est pas ici.<br \/>\nJ\u2019ai appris \u00e0 \u00eatre engag\u00e9, transparent,<br \/>\nresponsable et ouvert envers les<br \/>\nmembres. Comme je l\u2019ai dit plus t\u00f4t,<br \/>\nnos membres comptent.<\/p>\n<p>Compte tenu des demandes<br \/>\nque votre entreprise et<br \/>\nvotre b\u00e9n\u00e9volat imposent<br \/>\nsur votre temps, que faites-<br \/>\nvous dans vos loisirs?<br \/>\nDB : J\u2019aime les activit\u00e9s de plein air,<br \/>\nque ce soit la motoneige, les VTT, la<br \/>\np\u00eache, la chasse, la marche et le v\u00e9lo.<br \/>\nMalheureusement, ces activit\u00e9s devront<br \/>\n\u00eatre mises de c\u00f4t\u00e9 pour le moment\u2026<br \/>\nmais pas pour toujours.\u00a0 \u00a0<\/p>\n<p>\u00ab NOTRE BUT SERA DE VOIR \u00c0 CE QUE LE PLAN STRAT\u00c9GIQUE<br \/>\nSOIT UN DOCUMENT \u00c9VOLUTIF QUI NOUS PERMET DE COMPRENDRE  <\/p>\n<p>LES PROBL\u00c8MES QUI AFFECTENT NOS MEMBRES ET D\u2019Y FAIRE FACE. \u00bb <\/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>\u00ab J\u2019AIMERAIS SAVOIR QUE TOUS NOS MEMBRES<br \/>\nS\u2019EFFORCENT CONSTAMMENT D\u2019\u00caTRE \u00c0 LEUR MEILLEUR <\/p>\n<p>ET PRENNENT LA RESPONSABILIT\u00c9 DE LIVRER DES<br \/>\nSERVICES DE CONSULTATION ET D\u2019\u00c9VALUATION DE <\/p>\n<p>QUALIT\u00c9 QUI DONNENT \u00c0 LEURS CLIENTS LA CERTITUDE<br \/>\nQUE NOUS SOMMES LES PROFESSIONNELS DE CHOIX EN <\/p>\n<p>\u00c9VALUATION IMMOBILI\u00c8RE AU CANADA. \u00bb <\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 11Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.aicanada.ca\/seminars-events\/continuing-professional-development\/<br \/>\nhttps:\/\/www.aicanada.ca\/fr\/seminars-events\/continuing-professional-development\/<\/p>\n<p>M aximizing the value of a city\u2019s real estate assets can be a challenge for any municipality.<br \/>\nHowever, through strategic real<br \/>\nestate initiatives, the City of Ottawa<br \/>\nhas emerged as a leader in this area,<br \/>\ndemonstrating success in improving the<br \/>\nvalue of its publicly owned real estate.<\/p>\n<p>As the fourth largest city in Canada,<br \/>\nthe City of Ottawa has a strong economy,<br \/>\na unique cultural mix and a high quality<br \/>\nof life. Serving as the corporate entity of<br \/>\nmunicipal government in Ottawa, the<br \/>\nCity is responsible for providing services<br \/>\nto the public. To ensure that programs<br \/>\nand services address the changing needs<br \/>\nof our neighborhoods and residents,<br \/>\nthe Real Estate Partnerships and<br \/>\nDevelopment Office (REPDO) follows a<br \/>\nstrategic plan that outlines the important<br \/>\ncity-building priorities, including<br \/>\ninfrastructure, transit and other<br \/>\neconomic development initiatives. <\/p>\n<p>to municipal real estate<\/p>\n<p>Carefully balancing a city\u2019s social, cultural,<br \/>\nenvironmental and financial objectives<\/p>\n<p>By Gordon MacNair, SR\/WA, AACI, P.APP; Director,<br \/>\nReal Estate Partnerships &#038; Development Office for the<br \/>\nCity of Ottawa; Secretary and Chief Operating Officer for<br \/>\nthe Ottawa Community Land Development Corporation.<\/p>\n<p>A STRATEGIC<br \/>\nAPPROACH <\/p>\n<p>\u00eeThis article was originally published in the March\/April 2016 issue of Right of Way magazine.<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201612 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>\u00ee LONG-TERM PLANNING<br \/>\nThe City\u2019s 2015-2018 Strategic Plan<br \/>\nand Term of Council Priorities was<br \/>\ncreated as a roadmap for delivering<br \/>\nsolutions that meet the needs of urban,<br \/>\nsuburban and rural communities across<br \/>\nOttawa, while investing in key areas<br \/>\nlike light rail transit, road safety and<br \/>\ncommunity redevelopment. Overseeing<br \/>\nthe strategies for all City-owned real<br \/>\nestate is REPDO, a department within<br \/>\nthe municipal government that acts as a<br \/>\none-stop shop for all real estate matters.<br \/>\nThe mandate of REPDO is to provide<br \/>\ninnovative property solutions and real<br \/>\nestate leadership to the City. By using<br \/>\nbest practices and strategic approaches,<br \/>\nREPDO has created significant financial<br \/>\nand non-financial value.<\/p>\n<p>Property acquisition, disposition<br \/>\nand leasing are core business activities.<br \/>\nUsing a policy approved by the City<br \/>\nCouncil, REPDO acquires property for <\/p>\n<p>infrastructure projects based on relevant<br \/>\nlegislation and municipal best practices<br \/>\nto ensure a consistent and equitable<br \/>\nframework. As a guiding principal, the<br \/>\nacquisition team encourages early and<br \/>\nconsistent public consultation to inform<br \/>\nproperty owners of pending projects and<br \/>\npotential property impacts. <\/p>\n<p>As with other cities around<br \/>\nthe world, REPDO works hard<br \/>\nto negotiate agreements with the<br \/>\nproperty owners. However, initiating<br \/>\nexpropriation proceedings under<br \/>\nOntario\u2019s Expropriations Act may be<br \/>\nrequired when acquisition by other<br \/>\nmeans is not possible. Recognizing the<br \/>\nimportance of consistency, we created<br \/>\nmunicipal expropriation guidelines to<br \/>\nhelp implement our processes, policies<br \/>\nand procedures. These guidelines play a<br \/>\nvital role in informing key stakeholders<br \/>\nabout the realistic timelines required<br \/>\nto clear the right of way for project<br \/>\nimplementation, while ensuring the<br \/>\nacquisition program is consistent,<br \/>\ntransparent and equitable.<\/p>\n<p>\u00ee REVENUE OPPORTUNITIES<br \/>\nFrom 2010 to 2015, the sale of real<br \/>\nproperty assets deemed surplus to the<br \/>\nCity\u2019s needs generated $23.5 million.<br \/>\nWhile selling City-owned property<br \/>\nis based on approved policies and<br \/>\nprocedures, REPDO staff continuously<br \/>\nlooks for opportunities such as strategic<br \/>\nland exchanges that enhance programs<br \/>\nand create value for the City. <\/p>\n<p>Leasing property has proven to be a<br \/>\nlucrative decision, since the unoccupied<br \/>\nCity properties generate $5 million<br \/>\nannually. REPDO is also responsible<br \/>\nfor the negotiation and management<br \/>\nof acquisition leases for the delivery<br \/>\nof City-mandated programs. A lease<br \/>\nversus purchase analysis to determine<br \/>\nthe viability and long-time impact of<br \/>\nleasing is completed in certain situations.<br \/>\nThis involves evaluating the net present<br \/>\nvalue of the ownership expense and other<br \/>\nvariables versus the net present value of<br \/>\nthe leasing expense to determine which<br \/>\noption is preferable. A sensitivity analysis <\/p>\n<p>is then performed to identify best and<br \/>\nworst case and results in a risk threshold<br \/>\nfor decision-making. <\/p>\n<p>Since REPDO is also responsible<br \/>\nfor managing roughly 4,000 parcels<br \/>\nof land, it works to protect the City\u2019s<br \/>\ninterests and ensure that assessments<br \/>\naccurately reflect the most current<br \/>\nproperty ownership. This is needed so<br \/>\nthat the City is appropriately levied or<br \/>\nexempted from municipal taxation on<br \/>\nits properties, when warranted.<\/p>\n<p>\u00ee OPTIMAL VALUE<br \/>\nFOR TAXPAYERS<br \/>\nFor planning and developing key<br \/>\nstrategic land holdings, the City<br \/>\nestablished the Ottawa Community<br \/>\nLands Development Corporation<br \/>\nin 2009. As a municipal services<br \/>\ncorporation, the City serves as the sole<br \/>\nshareholder. And since it is a legally<br \/>\nseparate entity, the Corporation can<br \/>\nenter into subdivision and development<br \/>\nagreements with the City and with third<br \/>\nparties when selling development lands<br \/>\nthat achieve specific project objectives.<br \/>\nIt\u00a0has been highly effective in promoting,<br \/>\nbuilding and generating revenue, as well<br \/>\nas fulfilling community needs. <\/p>\n<p>As approved by the City Council, the<br \/>\nmandate of the Corporation is to ensure<br \/>\nthe orderly disposition of selected surplus<br \/>\nreal properties with optimal value to the<br \/>\nCity\u2019s taxpayers. In carrying out this<br \/>\nmandate, both financial and non-financial<br \/>\ncommunity value are considered. The City<br \/>\nCouncil establishes specific objectives<br \/>\nfor each project, taking into account<br \/>\nthe social, environmental, cultural and<br \/>\nfinancial implications. <\/p>\n<p>Over the past five years, $37 million<br \/>\nin sales revenue has been generated.<br \/>\nThe Corporation is also in the final<br \/>\nstage of developing a 126-acre parcel of<br \/>\nCity-owned vacant land for a concept<br \/>\nthat includes affordable housing.<br \/>\nThe\u00a0subdivision features a mixed-density<br \/>\nresidential community that integrates<br \/>\npedestrian and cycle pathways, access<br \/>\nto rapid transit, public parks and the<br \/>\npreservation of environmental features. <\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 13Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>\u00ee INNOVATIVE<br \/>\nPROJECT STRATEGIES<br \/>\nThe City has also been effective<br \/>\nin generating revenue through<br \/>\nmajor development projects. For<br \/>\nthe Lansdowne Redevelopment, a<br \/>\nlandmark restoration and urban<br \/>\ntransformation project, REPDO<br \/>\norchestrated the sale and lease of<br \/>\nresidential and office air rights<br \/>\nwithin the timelines and constraints<br \/>\nimposed. By achieving the best value<br \/>\nfor the residential air rights, REPDO<br \/>\ngenerated $11.35 million in revenue<br \/>\nand successfully achieved the City<br \/>\nCouncil\u2019s objectives.<\/p>\n<p>The Exposition Hall Facility is<br \/>\nanother project that created significant<br \/>\nvalue. An enhanced consumer and<br \/>\ntrade show space replaced three<br \/>\nfacilities at Lansdowne Park with a<br \/>\nnew 220,000 sq. ft. facility on leased<br \/>\nland at the Ottawa International<br \/>\nAirport. This project was fast-tracked,<br \/>\nand the City contributed $8.5 million<br \/>\ntowards the $39.5 million capital<br \/>\ncost, guaranteeing a 30-year loan of<br \/>\n$20.7 million. At the end of the loan<br \/>\nterm, the City will receive 50% of the<br \/>\nappraised value of the facility while<br \/>\nmaintaining a reversionary interest at<br \/>\nthe end of the land lease term in 2057.<\/p>\n<p>For the Integrated Transit Station<br \/>\n(light rail) project, REPDO assessed<br \/>\nthe business and real estate climate<br \/>\nalong the Confederation Line<br \/>\nalignment to maximize opportunities<br \/>\nfor partnerships, growth and savings<br \/>\nin station location and design. <\/p>\n<p>Negotiations with property owners for<br \/>\nintegrated station entrance agreements<br \/>\nresulted in more functional entrances on<br \/>\nprivate property instead of within the street<br \/>\nright of way. In doing so, the City was able<br \/>\nto avoid the expense of land encroachments<br \/>\nand expropriations. With some of the more<br \/>\ncomplex integrations, REPDO negotiated<br \/>\nwith property owners to obtain financial<br \/>\ncontributions and in-kind services toward<br \/>\nstation construction.<\/p>\n<p>For another project, REPDO closed a<br \/>\nportion of the King Edward Avenue road<br \/>\nallowance and then negotiated a land<br \/>\nexchange agreement with the United Arab<br \/>\nEmirates to assemble a development parcel.<br \/>\nThe vacant site was subject to numerous<br \/>\nencumbrances and environmentally impacted<br \/>\nroad material. REPDO completed a soil<br \/>\nmanagement plan, and working with various<br \/>\nlevels of government, remediated the site and<br \/>\nreused the material for parts of the Hunt<br \/>\nClub Road extension, thereby lowering<br \/>\nconstruction costs and avoiding placing the<br \/>\nmaterial in a landfill. Following complex<br \/>\nnegotiations with the State of Qatar, Federal<br \/>\ndepartments and the Federal Government,<br \/>\nREPDO sold the property for $5 million. <\/p>\n<p>In 2009, Manotick Mill Quarter<br \/>\nDevelopment Corporation was incorporated<br \/>\nin order to formalize and maintain<br \/>\nDickinson Square to reflect the heritage<br \/>\ncharacter of the Mill Quarter and provide<br \/>\nenhanced opportunities for cultural events.<br \/>\nThe City Council approved a $2.45 million<br \/>\nacquisition budget so that staff could<br \/>\nreposition certain properties and register<br \/>\neasements and covenants to protect the<br \/>\nnature of the area. <\/p>\n<p>\u00ee CORE BUSINESS SUPPORT<br \/>\nIn addition to overseeing major City<br \/>\nprojects, REPDO offers property<br \/>\nvaluation to support core business<br \/>\nactivities and provides appraisal advice<br \/>\nto other departments. In the last three<br \/>\nyears, the valuation unit performed<br \/>\napproximately 1,100 appraisals and<br \/>\ncommissioned 200 external appraisals.<br \/>\nBy working proactively with individual<br \/>\ndepartments to establish portfolio plans,<br \/>\nthe City can plan ahead for changes in<br \/>\nreal estate needs. <\/p>\n<p>REPDO also oversees environmental<br \/>\nsite and risk assessment for City projects,<br \/>\nland acquisitions and disposals and<br \/>\nremediation of City-owned lands, when<br \/>\nrequired. Overseeing the management<br \/>\nof closed City-owned landfills and<br \/>\nother contaminated properties is also<br \/>\nneeded to ensure public safety. In-house<br \/>\nenvironmental remediation experts<br \/>\nplay an instrumental role in providing<br \/>\nrecommendations on acquisitions, land<br \/>\ndisposals, leases and park redevelopments,<br \/>\nas well as assist in the development<br \/>\napproval processes required when land is<br \/>\nclose to former landfills. <\/p>\n<p>To create efficiencies while reducing<br \/>\nconstruction and landfilling costs,<br \/>\nthe City implements soil management<br \/>\npractices. These include screening for<br \/>\nsite-specific historical land uses and<br \/>\nextensive research to determine whether<br \/>\nthe presence of contamination may<br \/>\nimpact a project. This is an efficient<br \/>\nprocess since REPDO maintains the<br \/>\nproperty inventory and environmental<br \/>\nreports on City-owned properties.<br \/>\nAs part of this effort, REPDO also<br \/>\nmaintains the environmental database<br \/>\nfor these properties.<\/p>\n<p>\u00ee SHARING BEST PRACTICES<br \/>\nREPDO has implemented best practices<br \/>\nto ensure resources are effectively aligned,<br \/>\nwhile staying focused on improving<br \/>\neffectiveness, accountability and efficiency.<br \/>\nService excellence is a key commitment,<br \/>\nand this means creating a positive client<br \/>\nexperience with every transaction. It<br \/>\nincorporates three inter-related elements: <\/p>\n<p>\u201cTHE SALE OF REAL PROPERTY<br \/>\nASSETS DEEMED SURPLUS TO <\/p>\n<p>THE CITY\u2019S NEEDS GENERATED<br \/>\n$23.5 MILLION.\u201d<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201614 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>employee engagement, operational<br \/>\nexcellence and client satisfaction. <\/p>\n<p>Employee engagement measures the<br \/>\nextent to which employees are satisfied<br \/>\nwith their jobs and are committed to their<br \/>\nwork and their organization. To\u00a0encourage<br \/>\nthis, REPDO conducts high-impact team<br \/>\nevents, employee recognition programs<br \/>\nand encourages feedback through frequent<br \/>\ncommunications. Proactive initiatives<br \/>\nsuch as career coaching and encouraging<br \/>\na work-life balance go a long way in<br \/>\nenhancing employee satisfaction. In a<br \/>\n2015 survey, REPDO staff reported an<br \/>\nengagement score of 4 out of 5, which<br \/>\nis excellent. This score has validated<br \/>\nthe importance of implementing<br \/>\nthese strategies. <\/p>\n<p>Succession planning and performance<br \/>\ndevelopment have also been effective<br \/>\nin boosting employee engagement.<br \/>\nTo\u00a0prepare for future challenges,<br \/>\nREPDO examined core capabilities<br \/>\nand the ability to respond to future<br \/>\nneeds in a timely manner. Using this<br \/>\ninformation, REPDO developed a<br \/>\nsuccession plan designed to help support<br \/>\ncontinuity within the organization.<br \/>\nThis\u00a0included identifying personnel<br \/>\nto fill key positions and giving other<br \/>\nemployees an opportunity to prepare for<br \/>\nfuture leadership roles. By conducting<br \/>\nongoing performance reviews, managers<br \/>\nand their staffs work together to establish<br \/>\ngoals that can be measured at regular<br \/>\nintervals. Encouraging this kind of<br \/>\nregular feedback has led to longer and<br \/>\nmore meaningful careers for staff.<\/p>\n<p>\u00ee OPERATIONAL EXCELLENCE<br \/>\nThe continuous improvement of opera-<br \/>\ntional processes is an ongoing priority.<br \/>\nIn striving for operational excellence,<br \/>\nhaving delegating authority for real estate<br \/>\ntransactions up to $2 million has been<br \/>\nhighly effective in increasing efficiencies.<br \/>\nThe staff can accelerate situations involv-<br \/>\ning critical deadlines and avoid delays<br \/>\nassociated with implementing approvals.<br \/>\nFor example, to ensure that the property<br \/>\nrequired for the Ottawa Light Rail Transit<br \/>\nproject was acquired in time to meet the <\/p>\n<p>accelerated project schedule, City Council<br \/>\nstreamlined the acquisition process<br \/>\nby giving staff an unlimited delegated<br \/>\nauthority limit. This added unparalleled<br \/>\nproductivity in completing the $147<br \/>\nmillion real property acquisition program. <\/p>\n<p>To make data more accessible for<br \/>\nstaff in a virtual work environment,<br \/>\nREPDO has started leveraging the use of<br \/>\nUnmanned Aerial Vehicle (UAV) video and<br \/>\nphotography technology. Now available<br \/>\nat a fraction of previous costs, REPDO<br \/>\nis exploring how the technology can<br \/>\neffectively gather, analyze and report visual<br \/>\ninformation related to important property<br \/>\ndecisions. Initial observations confirm<br \/>\nthat their use has the potential of adding<br \/>\nsignificant value to the City\u2019s processes. <\/p>\n<p>\u00ee CLIENT SATISFACTION<br \/>\nAccountability is a critical component in<br \/>\nachieving client satisfaction, and the City<br \/>\nof Ottawa is committed to conducting<br \/>\nCity business in an open and transparent<br \/>\nmanner. By developing service standards<br \/>\nbased on client expectations and<br \/>\nprovider capabilities, REPDO is able<br \/>\nto communicate what our clients can<br \/>\nexpect, while setting guidelines for<br \/>\nemployees about the level of performance<br \/>\nthey should strive to achieve. <\/p>\n<p>REPDO has also implemented<br \/>\na client outreach strategy to raise<br \/>\nawareness of its services capabilities.<br \/>\nRegular meetings are held to engage<br \/>\nclients, share information and request<br \/>\nfeedback to ensure processes meet the<br \/>\ngoals established. These initiatives have<br \/>\nresulted in a client satisfaction, with<br \/>\n88% of clients indicating that REPDO<br \/>\nis a very valuable partner. <\/p>\n<p>The City recognizes the importance<br \/>\nof building collaborative relationships<br \/>\nand sharing real property knowledge<br \/>\nand best practices. In an effort to better<br \/>\nunderstand common challenges and<br \/>\nopportunities, REPDO plays an active<br \/>\nrole in representing the City with<br \/>\norganizations such as the International<br \/>\nRight of Way Association, Ontario<br \/>\nAssociation of Municipal Real Estate<br \/>\nAdministrators, the National Executive<br \/>\nForum on Public Property, the<br \/>\nAppraisal Institute of Canada and the<br \/>\nOntario Expropriation Association. <\/p>\n<p>\u00ee SUMMARY<br \/>\nAll City departments require some form<br \/>\nof real estate to deliver their services.<br \/>\nThrough a centralized and coordinated<br \/>\neffort, REPDO is well positioned to<br \/>\ncollaborate with other departments and<br \/>\nstakeholders. Its goal is to maintain<br \/>\nand enhance strategic partnerships with<br \/>\nclients and provide a comprehensive<br \/>\nrange of real estate services and<br \/>\nexpertise. REPDO takes great pride in<br \/>\nproviding consistent, quality services<br \/>\nthat are timely, coordinated and<br \/>\ndelivered in a way that meets their<br \/>\nneeds. Continuous improvement is<br \/>\nachieved through the use of performance<br \/>\nmeasures and a balanced scorecard<br \/>\nto manage and report our progress. <\/p>\n<p>By taking a strategic approach<br \/>\nto the use of all assets, the City of<br \/>\nOttawa has been able to successfully<br \/>\nmaximize the value of its publicly<br \/>\nowned real estate, while carefully<br \/>\nbalancing the social, cultural,<br \/>\nenvironmental and financial objectives<br \/>\nfor these holdings. <\/p>\n<p>\u201cCONTINUOUS IMPROVEMENT IS<br \/>\nACHIEVED THROUGH THE USE OF <\/p>\n<p>PERFORMANCE MEASURES AND<br \/>\nA BALANCED SCORECARD.\u201d<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 15Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>UNE APPROCHE<br \/>\nSTRAT\u00c9GIQUE<br \/>\nde l\u2019immobilier municipal<br \/>\n\u00c9quilibrer harmonieusement les objectifs<br \/>\nsociaux, culturels, environnementaux<br \/>\net financiers d\u2019une ville<\/p>\n<p>Par Gordon MacNair, SR\/WA, AACI, P.APP; directeur, Bureau<br \/>\ndes partenariats et du d\u00e9veloppement en immobilier, ville<br \/>\nd\u2019Ottawa; secr\u00e9taire et directeur de l\u2019exploitation pour la<br \/>\nSoci\u00e9t\u00e9 d\u2019am\u00e9nagement des terrains communautaires d\u2019Ottawa.<\/p>\n<p>\u00ee Article publi\u00e9 \u00e0 l\u2019origine dans le num\u00e9ro de mars\/avril 2016 dans la revue Right of Way.<\/p>\n<p>Maximiser la valeur des actifs immobiliers d\u2019une ville peut repr\u00e9senter un d\u00e9fi pour toute<br \/>\nmunicipalit\u00e9. Mais, gr\u00e2ce \u00e0 des initiatives<br \/>\nimmobili\u00e8res strat\u00e9giques, la Ville<br \/>\nd\u2019Ottawa a acquis la r\u00e9putation de leader<br \/>\ndans ce domaine, montrant qu\u2019elle a<br \/>\nr\u00e9ussi \u00e0 augmenter la valeur de son parc<br \/>\nimmobilier public.<\/p>\n<p>Quatri\u00e8me plus grande ville au<br \/>\nCanada, la Ville d\u2019Ottawa jouit d\u2019une<br \/>\nsolide \u00e9conomie, d\u2019une diversit\u00e9 culturelle<br \/>\nunique et d\u2019une excellente qualit\u00e9 de vie.<br \/>\nServant de corporation de gouvernement<br \/>\nmunicipal \u00e0 Ottawa, la Ville est<br \/>\nresponsable de fournir des services au<br \/>\npublic. Pour assurer que les programmes<br \/>\net services r\u00e9pondent aux besoins<br \/>\nchangeants de nos quartiers et de leurs<br \/>\nr\u00e9sidants, le Bureau des partenariats et<br \/>\ndu d\u00e9veloppement en immobilier (BPDI)<br \/>\nsuit un plan strat\u00e9gique d\u00e9crivant les<br \/>\ngrandes priorit\u00e9s de la Ville en mati\u00e8re de<br \/>\nconstruction, y compris l\u2019infrastructure,<br \/>\nle transport et d\u2019autres initiatives de<br \/>\nd\u00e9veloppement \u00e9conomique.<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201616 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>\u00ee LA PLANIFICATION \u00c0 LONG TERME<br \/>\nLe Plan strat\u00e9gique de la Ville et les priorit\u00e9s du mandat du<br \/>\nConseil pour 2015-2018 ont \u00e9t\u00e9 \u00e9labor\u00e9s comme une feuille<br \/>\nde route livrant des solutions qui satisfont les besoins des<br \/>\ncollectivit\u00e9s urbaines, suburbaines et rurales sur le territoire<br \/>\nd\u2019Ottawa, tout en investissant dans des secteurs cl\u00e9s comme le<br \/>\ntrain l\u00e9ger sur rail, la s\u00e9curit\u00e9 routi\u00e8re et le red\u00e9veloppement<br \/>\ncommunautaire. Le BPDI, qui supervise les strat\u00e9gies visant<br \/>\ntous les avoirs immobiliers d\u00e9tenus par la Ville, est un service<br \/>\ndu gouvernement municipal qui sert de guichet unique<br \/>\npour toutes les questions immobili\u00e8res. Le mandat du BPDI<br \/>\nest d\u2019apporter des solutions immobili\u00e8res novatrices et un<br \/>\nleadership immobilier \u00e0 la Ville. Recourant \u00e0 des pratiques<br \/>\nexemplaires et \u00e0 des approches strat\u00e9giques, le BPDI a cr\u00e9\u00e9<br \/>\nd\u2019importantes valeurs financi\u00e8res et non financi\u00e8res.<\/p>\n<p>L\u2019acquisition, la disposition et la location de biens<br \/>\nimmobiliers sont des activit\u00e9s commerciales de base. Appliquant<br \/>\nune politique approuv\u00e9e par le Conseil municipal, le BPDI<br \/>\nfait l\u2019acquisition de biens immobiliers pour des projets<br \/>\nd\u2019infrastructure selon les lois pertinentes et avec des pratiques<br \/>\nexemplaires municipales, pour assurer un cadre de travail<br \/>\ncoh\u00e9rent et \u00e9quitable. Comme principe directeur, le groupe<br \/>\nd\u2019acquisitions favorise la consultation publique h\u00e2tive et<br \/>\nconstante pour informer les propri\u00e9taires sur les projets en cours<br \/>\net les impacts possibles sur leurs biens immobiliers.<\/p>\n<p>\u00c0 l\u2019instar d\u2019autres villes \u00e0 travers le monde, le BPDI<br \/>\nfait tous les efforts pour n\u00e9gocier des ententes avec les<br \/>\npropri\u00e9taires. Toutefois, on doit parfois engager des proc\u00e9dures<br \/>\nd\u2019expropriation en vertu de la Loi sur l\u2019expropriation de<br \/>\nl\u2019Ontario lorsque l\u2019acquisition par d\u2019autres moyens n\u2019est<br \/>\npas possible. Reconnaissant l\u2019importance de l\u2019uniformit\u00e9,<br \/>\nnous avons \u00e9labor\u00e9 des directives en mati\u00e8re d\u2019expropriation<br \/>\nmunicipale pour aider \u00e0 mettre en \u0153uvre nos processus,<br \/>\npolitiques et proc\u00e9dures. Ces directives jouent un r\u00f4le essentiel<br \/>\npour communiquer aux intervenants cl\u00e9s des \u00e9ch\u00e9anciers<br \/>\nr\u00e9alistes requis afin de d\u00e9gager le passage pour l\u2019implantation<br \/>\nde projets, en assurant que le programme d\u2019acquisition est<br \/>\ncoh\u00e9rent, transparent et \u00e9quitable.<\/p>\n<p>\u00ee DES OPPORTUNIT\u00c9S DE REVENUS<br \/>\nDe 2010 \u00e0 2015, la vente d\u2019actifs immobiliers consid\u00e9r\u00e9s comme<br \/>\nexc\u00e9dentaires pour les besoins la Ville a rapport\u00e9 23,5\u00a0millions\u00a0$.<br \/>\nAlors que la vente des biens immobiliers municipaux repose sur<br \/>\ndes proc\u00e9dures et des politiques approuv\u00e9es, le personnel du<br \/>\nBPDI recherche continuellement des opportunit\u00e9s, comme des<br \/>\n\u00e9changes de terrains strat\u00e9giques, qui am\u00e9liorent les programmes<br \/>\net cr\u00e9ent de la valeur pour la Ville.<\/p>\n<p>La location de biens immobiliers s\u2019est r\u00e9v\u00e9l\u00e9e une d\u00e9cision<br \/>\nlucrative, car les locaux inoccup\u00e9s par la Ville rapportent <\/p>\n<p>5\u00a0millions $ par ann\u00e9e. Le BPDI est \u00e9galement responsable<br \/>\nde n\u00e9gocier et administrer des baux d\u2019acquisition pour la<br \/>\nlivraison des programmes mandat\u00e9s par la Ville. On effectue<br \/>\nparfois une analyse comparative bail contre achat pour<br \/>\nd\u00e9terminer la viabilit\u00e9 et l\u2019impact d\u2019une location \u00e0 long terme.<br \/>\nIl s\u2019agit d\u2019\u00e9valuer la valeur courante nette des d\u00e9penses de<br \/>\npropri\u00e9t\u00e9 et d\u2019autres variables, par rapport \u00e0 la valeur courante<br \/>\nnette des d\u00e9penses de location pour d\u00e9terminer l\u2019option<br \/>\npr\u00e9f\u00e9rable. On proc\u00e8de ensuite \u00e0 une analyse de sensibilit\u00e9<br \/>\npour identifier le meilleur et le pire cas ainsi que les r\u00e9sultats<br \/>\ndans un seuil de risque pour la prise de d\u00e9cision.<\/p>\n<p>Comme le BPDI est \u00e9galement responsable de g\u00e9rer<br \/>\nquelque 4000 parcelles de terrain, il veille \u00e0 prot\u00e9ger les<br \/>\nint\u00e9r\u00eats de la Ville et s\u2019assure que les \u00e9valuations refl\u00e8tent<br \/>\nfid\u00e8lement le droit de propri\u00e9t\u00e9 le plus r\u00e9cent. Cela est<br \/>\nn\u00e9cessaire afin que la Ville soit ad\u00e9quatement tax\u00e9e ou<br \/>\nexempt\u00e9e des taxes municipales sur ses biens immobiliers,<br \/>\nlorsque c\u2019est justifi\u00e9.<\/p>\n<p>\u00ee LA MEILLEURE VALEUR<br \/>\nPOUR LES CONTRIBUABLES<br \/>\nPour planifier et d\u00e9velopper des avoirs immobiliers strat\u00e9giques<br \/>\ncl\u00e9s, la Ville a \u00e9tabli la Soci\u00e9t\u00e9 d\u2019am\u00e9nagement des terrains<br \/>\ncommunautaires d\u2019Ottawa en 2009. \u00c0 titre de Corporation de<br \/>\nservices municipaux, la Ville sert comme actionnaire unique.<br \/>\nEt comme c\u2019est une entit\u00e9 l\u00e9galement distincte, la Corporation<br \/>\npeut conclure des ententes de subdivision et de d\u00e9veloppement<br \/>\navec la Ville et avec des tiers lorsqu\u2019elle vend des terrains \u00e0<br \/>\nd\u00e9velopper qui atteignent les objectifs de projets donn\u00e9s. Elle a<br \/>\neu beaucoup de succ\u00e8s \u00e0 promouvoir, construire et g\u00e9n\u00e9rer des<br \/>\nrevenus, en plus de satisfaire des besoins communautaires.<\/p>\n<p>Tel qu\u2019approuv\u00e9 par le Conseil municipal, le mandat de<br \/>\nla Corporation est d\u2019assurer la bonne disposition des biens<br \/>\nimmobiliers exc\u00e9dentaires s\u00e9lectionn\u00e9s, avec une valeur<br \/>\noptimale pour les contribuables de la Ville. Dans l\u2019ex\u00e9cution<br \/>\nde ce mandat, les valeurs communautaires tant financi\u00e8res<br \/>\nque non financi\u00e8res sont prises en compte. Le Conseil<br \/>\nmunicipal fixe des objectifs pr\u00e9cis pour chaque projet, en<br \/>\npensant \u00e0 ses r\u00e9percussions sociales, environnementales,<br \/>\nculturelles et financi\u00e8res.<\/p>\n<p>Depuis cinq ans, les revenus de vente ont atteint<br \/>\n37\u00a0millions $. La Corporation en est \u00e9galement au dernier<br \/>\nstade de d\u00e9veloppement d\u2019une parcelle de terrain vacante de<br \/>\n126\u00a0acres appartenant \u00e0 la Ville pour un concept comprenant<br \/>\ndes logements \u00e0 prix abordables. La subdivision offre une<br \/>\ncommunaut\u00e9 r\u00e9sidentielle \u00e0 densit\u00e9 mixte int\u00e9grant des<br \/>\nsentiers p\u00e9destres, des pistes cyclables, l\u2019acc\u00e8s au transport<br \/>\nen commun rapide, des parcs publics et la pr\u00e9servation des<br \/>\ncaract\u00e9ristiques environnementales.<\/p>\n<p>\u00ab LA VENTE D\u2019ACTIFS IMMOBILIERS CONSID\u00c9R\u00c9S<br \/>\nCOMME EXC\u00c9DENTAIRES POUR LES BESOINS  <\/p>\n<p>LA VILLE A RAPPORT\u00c9 23,5 MILLIONS $. \u00bb<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 17Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>\u00ee DES STRAT\u00c9GIES DE PROJETS INNOVANTES<br \/>\nLa Ville a \u00e9galement r\u00e9ussi \u00e0 g\u00e9n\u00e9rer des revenus gr\u00e2ce \u00e0 des<br \/>\nprojets de d\u00e9veloppement majeurs. Pour le r\u00e9am\u00e9nagement du<br \/>\nparc Lansdowne, un projet de restauration d\u2019un lieu d\u2019int\u00e9r\u00eat<br \/>\net de transformation urbaine, le BPDI a orchestr\u00e9 la vente<br \/>\net la location de droits relatifs \u00e0 la propri\u00e9t\u00e9 du dessus pour<br \/>\ndes logements r\u00e9sidentiels et des bureaux \u00e0 l\u2019int\u00e9rieur des<br \/>\n\u00e9ch\u00e9anciers et des contraintes impos\u00e9s. En obtenant la meilleure<br \/>\nvaleur pour les droits relatifs \u00e0 la propri\u00e9t\u00e9 du dessus pour<br \/>\nles logements r\u00e9sidentiels, le BPDI a r\u00e9colt\u00e9 11,35 millions $,<br \/>\natteignant ainsi les objectifs du Conseil municipal.<\/p>\n<p>L\u2019Espace d\u2019exposition est un autre projet qui a cr\u00e9\u00e9 une valeur<br \/>\nimportante. Un espace am\u00e9lior\u00e9 de salon consommateur ou<br \/>\nprofessionnel a remplac\u00e9 trois installations au parc Lansdowne,<br \/>\navec une nouvelle installation de 220\u00a0000 pieds carr\u00e9s sur un<br \/>\nterrain lou\u00e9 \u00e0 l\u2019A\u00e9roport international d\u2019Ottawa. Ce projet a \u00e9t\u00e9<br \/>\nacc\u00e9l\u00e9r\u00e9 et la Ville a contribu\u00e9 8,5\u00a0millions $ au co\u00fbt en capital de<br \/>\n39,5 millions $, garantissant un pr\u00eat de 30 ans de 20,7\u00a0millions\u00a0$.<br \/>\nAu terme du pr\u00eat, la Ville recevra 50\u00a0% de la valeur estim\u00e9e de<br \/>\nl\u2019installation, tout en conservant un int\u00e9r\u00eat r\u00e9versif \u00e0 la fin de la<br \/>\ndur\u00e9e du contrat de location du terrain en 2057.<\/p>\n<p>Concernant le projet de R\u00e9seau de transport int\u00e9gr\u00e9 (l\u00e9ger<br \/>\nsur rail), le BPDI a \u00e9valu\u00e9 le climat commercial et immobilier<br \/>\nle long de la Ligne de la Conf\u00e9d\u00e9ration pour maximiser les<br \/>\npossibilit\u00e9s de partenariat, de croissance et d\u2019\u00e9conomie dans<br \/>\nl\u2019emplacement et la conception des stations. Des n\u00e9gociations<br \/>\ntenues avec les propri\u00e9taires pour conclure des ententes sur les<br \/>\nentr\u00e9es de stations int\u00e9gr\u00e9es ont permis d\u2019obtenir des entr\u00e9es<br \/>\nplus fonctionnelles sur les propri\u00e9t\u00e9s priv\u00e9es plut\u00f4t que sur les<br \/>\nrues de l\u2019emprise routi\u00e8re. Ce faisant, la Ville a pu \u00e9viter les<br \/>\nd\u00e9penses d\u2019empi\u00e8tement et d\u2019expropriation de terrains. Avec<br \/>\ncertaines des int\u00e9grations plus complexes, le BPDI a n\u00e9goci\u00e9<br \/>\navec des propri\u00e9taires pour obtenir des contributions financi\u00e8res<br \/>\net des services en nature pour la construction des stations.<\/p>\n<p>Pour un autre projet, le BPDI a ferm\u00e9 une portion de<br \/>\nl\u2019emprise r\u00e9serv\u00e9e sur l\u2019avenue King Edward, puis n\u00e9goci\u00e9 une<br \/>\nentente d\u2019\u00e9change de terrains avec les \u00c9mirats arabes unis<br \/>\ndans le but d\u2019assembler une parcelle de d\u00e9veloppement. Le site<br \/>\nvacant a re\u00e7u de nombreuses servitudes et des mat\u00e9riaux de<br \/>\nvoirie contamin\u00e9s. Le BPDI a compl\u00e9t\u00e9 un plan de gestion du<br \/>\nsol et, collaborant avec divers ordres de gouvernement, nettoy\u00e9<br \/>\nle site et r\u00e9utilis\u00e9 certains des mat\u00e9riaux de voirie pour le<br \/>\nprolongement du chemin Hunt Club, abaissant donc les co\u00fbts<br \/>\nde construction et \u00e9vitant d\u2019avoir \u00e0 disposer des mat\u00e9riaux dans<br \/>\nun site d\u2019enfouissement. Suite \u00e0 des n\u00e9gociations complexes<br \/>\navec l\u2019\u00c9tat du Qatar, des minist\u00e8res f\u00e9d\u00e9raux et le gouvernement<br \/>\nf\u00e9d\u00e9ral, le BPDI a vendu le site pour 5 millions\u00a0$. <\/p>\n<p>En 2009, la Soci\u00e9t\u00e9 d\u2019am\u00e9nagement communautaire<br \/>\ndu quartier du moulin de Manotick a \u00e9t\u00e9 incorpor\u00e9e afin<br \/>\nd\u2019officialiser et de conserver le carr\u00e9 Dickinson dans son<br \/>\nreflet du caract\u00e8re patrimonial du quartier du moulin et de<br \/>\nmultiplier les opportunit\u00e9s d\u2019y tenir des \u00e9v\u00e9nements culturels.<br \/>\nLe Conseil municipal a approuv\u00e9 un budget d\u2019acquisition de<br \/>\n2,45\u00a0millions $ pour que le personnel puisse repositionner<br \/>\ncertains biens immobiliers et enregistrer des servitudes et des<br \/>\nconventions afin de prot\u00e9ger la nature du quartier.<\/p>\n<p>\u00ee DU SOUTIEN AUX ACTIVIT\u00c9S DE BASE<br \/>\nEn plus de superviser les grands projets de la Ville, le<br \/>\nBPDI offre l\u2019\u00e9valuation de biens immobiliers pour soutenir<br \/>\nles activit\u00e9s de base et fournit des conseils immobiliers<br \/>\n\u00e0 d\u2019autres services. Au cours des trois derni\u00e8res ann\u00e9es,<br \/>\nl\u2019unit\u00e9 d\u2019\u00e9valuation a effectu\u00e9 environ 1100 \u00e9valuations<br \/>\net command\u00e9 200 \u00e9valuations externes. En travaillant<br \/>\nde mani\u00e8re proactive avec des services individuels pour<br \/>\n\u00e9tablir des plans de portefeuille, la Ville se pr\u00e9pare pour les<br \/>\nchangements qui surviendront dans les besoins immobiliers.<\/p>\n<p>Le BPDI supervise \u00e9galement l\u2019analyse des risques pour<br \/>\nl\u2019environnement sur les sites d\u00e9di\u00e9s aux projets de la Ville,<br \/>\nles acquisitions et dispositions de terrains et la restauration<br \/>\ndes terrains municipaux, si n\u00e9cessaire. Superviser la gestion<br \/>\ndes sites d\u2019enfouissement municipaux ferm\u00e9s et d\u2019autres<br \/>\npropri\u00e9t\u00e9s contamin\u00e9es est \u00e9galement n\u00e9cessaire pour assurer<br \/>\nla s\u00e9curit\u00e9 publique. Des experts internes en restauration<br \/>\nenvironnementale jouent un r\u00f4le instrumental pour faire<br \/>\ndes recommandations sur les acquisitions, dispositions<br \/>\nde terrains, baux de location et red\u00e9veloppements de<br \/>\nparcs, en plus d\u2019aider dans les processus d\u2019approbation de<br \/>\nd\u00e9veloppement requis quand un terrain se trouve pr\u00e8s d\u2019un<br \/>\nsite d\u2019enfouissement.<\/p>\n<p>Pour cr\u00e9er des \u00e9conomies, tout en r\u00e9duisant les co\u00fbts<br \/>\nde construction et de sites d\u2019enfouissement, la Ville met<br \/>\nen \u0153uvre des pratiques de gestion des sols. Celles-ci<br \/>\ncomprennent le contr\u00f4le des utilisations historiques des<br \/>\nterres propres \u00e0 chaque site et des recherches approfondies<br \/>\npour d\u00e9terminer si la pr\u00e9sence de contaminants peut<br \/>\nimpacter un projet. C\u2019est un processus efficace, car le BPDI<br \/>\nmaintient l\u2019inventaire des biens immobiliers et des rapports<br \/>\nenvironnementaux visant les biens d\u00e9tenus par la Ville.<br \/>\nDans le cadre de cet effort, le BPDI maintient \u00e9galement la<br \/>\nbase de donn\u00e9es environnementales pour ces biens.<\/p>\n<p>\u00ee LE PARTAGE DES PRATIQUES EXEMPLAIRES<br \/>\nLe BPDI a implant\u00e9 des pratiques exemplaires pour assurer<br \/>\nque les ressources soient effectivement align\u00e9es, en demeurant<br \/>\nconcentr\u00e9es sur l\u2019am\u00e9lioration de l\u2019efficacit\u00e9, de l\u2019imputabilit\u00e9<br \/>\net de l\u2019efficience. L\u2019excellence du service est un engagement cl\u00e9,<br \/>\net cela signifie cr\u00e9er une exp\u00e9rience client positive dans chaque<br \/>\ntransaction. Il incorpore trois \u00e9l\u00e9ments interd\u00e9pendants\u00a0:<br \/>\nl\u2019engagement des employ\u00e9s; l\u2019excellence op\u00e9rationnelle; et la<br \/>\nsatisfaction des clients.<\/p>\n<p>L\u2019engagement des employ\u00e9s \u00e9value la mesure dans laquelle<br \/>\nles employ\u00e9s sont heureux dans leurs emplois et se d\u00e9vouent<br \/>\npour leur travail et leur organisation. Pour favoriser cet<br \/>\nengagement, le BPDI tient des activit\u00e9s d\u2019\u00e9quipe \u00e0 impact<br \/>\n\u00e9lev\u00e9, des programmes de reconnaissance des employ\u00e9s et invite<br \/>\nleur r\u00e9troaction dans des communications fr\u00e9quentes. Des<br \/>\ninitiatives proactives, comme l\u2019accompagnement professionnel<br \/>\net l\u2019encouragement \u00e0 un \u00e9quilibre travail-vie, r\u00e9ussissent \u00e0<br \/>\nam\u00e9liorer la satisfaction des employ\u00e9s. Lors d\u2019un sondage<br \/>\nmen\u00e9 en 2015, le personnel du BPDI rapportait un niveau<br \/>\nd\u2019engagement de 4 sur 5, ce qui est excellent. Cette note valide<br \/>\nl\u2019importance de mettre en pratique ces strat\u00e9gies.<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201618 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>La planification de la rel\u00e8ve et le d\u00e9veloppement du<br \/>\nrendement ont \u00e9galement r\u00e9ussi \u00e0 stimuler l\u2019engagement<br \/>\ndes employ\u00e9s. Afin de se pr\u00e9parer pour les futurs d\u00e9fis, le<br \/>\nBPDI a examin\u00e9 les capacit\u00e9s de base et l\u2019habilet\u00e9 \u00e0 r\u00e9pondre<br \/>\naux besoins \u00e0 venir de mani\u00e8re opportune. Fort de cette<br \/>\ninformation, le BPDI a \u00e9labor\u00e9 un plan de rel\u00e8ve con\u00e7u pour<br \/>\naider \u00e0 assurer la continuit\u00e9 au sein de l\u2019organisation. Cela<br \/>\ncomprenait identifier les employ\u00e9s pour occuper des postes cl\u00e9s<br \/>\net donner \u00e0 d\u2019autres employ\u00e9s l\u2019occasion de se pr\u00e9parer pour<br \/>\nde futurs r\u00f4les de leadership. En menant constamment des<br \/>\nexamens du rendement, les gestionnaires et leurs personnels<br \/>\ntravaillent ensemble pour fixer des objectifs pouvant \u00eatre<br \/>\nmesur\u00e9s \u00e0 intervalles r\u00e9guliers. Encourager ce type de<br \/>\nr\u00e9troaction r\u00e9guli\u00e8re a men\u00e9 \u00e0 des carri\u00e8res plus longues<br \/>\net plus significatives pour les employ\u00e9s.<\/p>\n<p>\u00ee L\u2019EXCELLENCE OP\u00c9RATIONNELLE<br \/>\nL\u2019am\u00e9lioration continuelle des processus op\u00e9rationnels est<br \/>\nune priorit\u00e9 constante. En visant l\u2019excellence op\u00e9rationnelle,<br \/>\nle pouvoir de d\u00e9l\u00e9gation pour les transactions immobili\u00e8res<br \/>\nallant jusqu\u2019\u00e0 2 millions $ a \u00e9t\u00e9 tr\u00e8s efficace pour augmenter<br \/>\nles \u00e9conomies. Le personnel peut acc\u00e9l\u00e9rer les situations dont<br \/>\nles \u00e9ch\u00e9anciers sont critiques et \u00e9viter les retards associ\u00e9s \u00e0 la<br \/>\nmise en \u0153uvre des approbations. Par exemple, pour assurer<br \/>\nque les biens immobiliers n\u00e9cessaires au projet de Transport<br \/>\nen commun par train l\u00e9ger sur rail d\u2019Ottawa soient acquis<br \/>\n\u00e0 temps pour r\u00e9pondre au calendrier acc\u00e9l\u00e9r\u00e9 du projet, le<br \/>\nConseil municipal a rationalis\u00e9 le processus d\u2019acquisition en<br \/>\ndonnant aux employ\u00e9s une autorit\u00e9 de d\u00e9l\u00e9gation sans limite.<br \/>\nCela a donn\u00e9 une productivit\u00e9 sans pr\u00e9c\u00e9dent, alors que l\u2019on<br \/>\na compl\u00e9t\u00e9 le programme d\u2019acquisition de biens immobiliers,<br \/>\nvalant 147 millions\u00a0$.<\/p>\n<p>Pour rendre les donn\u00e9es plus accessibles aux employ\u00e9s<br \/>\ndans un environnement de travail virtuel, le BPDI a<br \/>\nmaintenant recours \u00e0 la technologie vid\u00e9ographique et<br \/>\nphotographique par v\u00e9hicule a\u00e9rien sans pilote. Maintenant<br \/>\ndisponible \u00e0 une fraction des co\u00fbts ant\u00e9rieurs, le BPDI<br \/>\nexplore comment la technologie peut efficacement<br \/>\ncolliger, analyser et rapporter l\u2019information visuelle li\u00e9e<br \/>\n\u00e0 d\u2019importantes d\u00e9cisions immobili\u00e8res. Les premi\u00e8res<br \/>\nobservations confirment que son utilisation pourrait ajouter<br \/>\nbeaucoup de valeur aux processus de la Ville.<\/p>\n<p>\u00ee LA SATISFACTION DES CLIENTS<br \/>\nL\u2019imputabilit\u00e9 est une composante critique pour obtenir la<br \/>\nsatisfaction de la client\u00e8le, et la Ville d\u2019Ottawa est d\u00e9termin\u00e9e \u00e0<br \/>\nmener des affaires municipales de mani\u00e8re ouverte et transparente.<br \/>\nEn d\u00e9veloppant des normes de service reposant sur les attentes<br \/>\ndes clients et les capacit\u00e9s des fournisseurs, le BPDI est capable de<br \/>\ncommuniquer ce \u00e0 quoi nos clients peuvent s\u2019attendre, en \u00e9mettant<br \/>\ndes directives aux employ\u00e9s sur le niveau de rendement qu\u2019ils<br \/>\ndevraient s\u2019efforcer d\u2019atteindre.<\/p>\n<p>Le BPDI a aussi implant\u00e9 une strat\u00e9gie de rayonnement aupr\u00e8s<br \/>\nde la client\u00e8le pour mieux l\u2019informer des services qu\u2019il peut lui<br \/>\nrendre. Des rencontres p\u00e9riodiques sont tenues pour mobiliser les<br \/>\nclients, partager des renseignements et demander de la r\u00e9troaction<br \/>\npour assurer que les processus atteignent les objectifs fix\u00e9s. Ces<br \/>\ninitiatives ont men\u00e9 \u00e0 la satisfaction des clients, 88\u00a0% d\u2019entre eux<br \/>\ncroyant que le BPDI est un partenaire tr\u00e8s utile.<\/p>\n<p>La Ville reconna\u00eet l\u2019importance d\u2019\u00e9tablir des relations<br \/>\ncollaboratives et de partager connaissances immobili\u00e8res et<br \/>\npratiques exemplaires. Dans un effort pour mieux comprendre<br \/>\nles opportunit\u00e9s et les d\u00e9fis communs, le BPDI joue un r\u00f4le<br \/>\nactif pour repr\u00e9senter la Ville aupr\u00e8s d\u2019organisations comme<br \/>\nl\u2019International Right of Way Association, l\u2019Ontario Association<br \/>\nof Municipal Real Estate Administrators, le Congr\u00e8s national<br \/>\ndes cadres en immobilier public, l\u2019Institut canadien des<br \/>\n\u00e9valuateurs et l\u2019Ontario Expropriation Association.<\/p>\n<p>\u00ee EN GUISE DE R\u00c9SUM\u00c9<br \/>\nTous les services de la ville requi\u00e8rent un type ou l\u2019autre de bien<br \/>\nimmobilier pour livrer leurs services. Dans le cadre d\u2019un effort<br \/>\ncentralis\u00e9 et coordonn\u00e9, le BPDI est en bonne posture pour<br \/>\ncollaborer avec les autres services et intervenants. Son objectif est de<br \/>\nmaintenir et am\u00e9liorer les partenariats strat\u00e9giques avec les clients et<br \/>\nde fournir un \u00e9ventail complet de services immobiliers et d\u2019expertise<br \/>\nen la mati\u00e8re. Le BPDI est tr\u00e8s fier de fournir des services uniformes<br \/>\nde grande qualit\u00e9 qui sont rapides, coordonn\u00e9s et livr\u00e9s d\u2019une fa\u00e7on<br \/>\nqui r\u00e9ponde \u00e0 leurs besoins. L\u2019am\u00e9lioration continuelle est possible<br \/>\ngr\u00e2ce \u00e0 l\u2019utilisation des mesures de rendement et d\u2019une carte de<br \/>\npointage \u00e9quilibr\u00e9e pour g\u00e9rer et rapporter nos progr\u00e8s.<\/p>\n<p>En adoptant une approche strat\u00e9gique de l\u2019utilisation de tous ses<br \/>\nactifs, la Ville d\u2019Ottawa a r\u00e9ussi \u00e0 maximiser la valeur de son parc<br \/>\nimmobilier public, tout en \u00e9quilibrant harmonieusement les objectifs<br \/>\nsociaux, culturels, environnementaux et financiers pour ces avoirs. <\/p>\n<p>\u00ab L\u2019AM\u00c9LIORATION CONTINUELLE EST<br \/>\nPOSSIBLE GR\u00c2CE \u00c0 L\u2019UTILISATION DES<br \/>\nMESURES DE RENDEMENT ET D\u2019UNE<br \/>\nCARTE DE POINTAGE \u00c9QUILIBR\u00c9E. \u00bb<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 19Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>RELIANCE<br \/>\nLETTERS:<br \/>\nconsider the risks<\/p>\n<p>A ppraisal Institute of Canada (AIC) Members are frequently asked to authorize by a party, other<br \/>\nthan the one(s) intended at the time<br \/>\nof the completion of the assignment,<br \/>\nto rely on their report. This can be a<br \/>\nlender requesting authorization to use<br \/>\nthe appraisal for underwriting purposes,<br \/>\nwhen the report had originally been<br \/>\nprepared for the owner or a different<br \/>\nlender; a report originally prepared<br \/>\nfor matrimonial purposes and a party<br \/>\nwants to rely on it for refinancing (or<br \/>\nvice versa); a report originally prepared<br \/>\nfor financing purposes being considered<br \/>\nfor estate settlement\u2026 the list of<br \/>\npermutations is endless. <\/p>\n<p>A reliance letter is an extension of the<br \/>\noriginal report, and a report transferred<br \/>\nto a third party carries the same pre-<br \/>\nexisting ability to attract a claim, not<br \/>\nto mention the risk for a claim from the<br \/>\noriginal client, in the event of breach of<br \/>\nconfidentiality. AIC Members can:<br \/>\n\u2022 issue in writing a reliance letter <\/p>\n<p>authorizing a third party to use\/rely<br \/>\non the report, subject to consent from<br \/>\nthe original client and release from<br \/>\nthe original intended user; <\/p>\n<p>\u2022 complete a new report for a new client<br \/>\nand a new intended user, provided<br \/>\nthere is no conflict of interest, and<br \/>\nthat the intended use of the original<br \/>\nreport has been fulfilled; or<\/p>\n<p>\u2022 decline the request (with no need<br \/>\nto provide reasons since this could<br \/>\nbreach confidential information from<br \/>\nthe original assignment). <\/p>\n<p>Issuing a new report may not be necessary in<br \/>\ncircumstances where the initial report meets<br \/>\nthe requirements of the new intended user.<br \/>\nFor example, a report prepared for a client<br \/>\n(a property owner) for the intended use of<br \/>\nsecuring first mortgage financing and no<br \/>\nother use, may reasonably be expected to<br \/>\nbe used by a potential lender, identified by<br \/>\nname, assuming the scope of the work of the<br \/>\noriginal report meets the new intended user\/<br \/>\nlender\u2019s terms of reference. It is important<br \/>\nto ensure that this new party is made aware<br \/>\nof any special considerations, assumptions,<br \/>\netc., that entered into the value conclusion.<br \/>\nAlthough these would be expected to<br \/>\nbe detailed in the report, there may be<br \/>\nassumptions in the report that should be<br \/>\nclearly outlined in the reliance letter. <\/p>\n<p>SUGGESTED BEST PRACTICES:<br \/>\nQUESTIONS TO ASK<br \/>\n\u2022 Who owns the original report?  <\/p>\n<p>If the applicant or a third party paid<br \/>\nfor the report, but the bank is the<br \/>\nclient, who owns the report?<br \/>\nANSWER: If the bank is the client,<br \/>\nthen it owns the report, regardless of who<br \/>\npaid for it. The client is the individual<br \/>\nor organization for whom the Member<br \/>\nrenders professional services.   <\/p>\n<p>\u2022 Who was authorized to rely on the<br \/>\noriginal report?<br \/>\nANSWER: The party identified by<br \/>\nname in your report is the intended<br \/>\nuser. This could be your client, who is<br \/>\ntypically the intended user.  <\/p>\n<p>\u2022 Has your original client provided a copy of<br \/>\nyour report, without your authorization,<br \/>\nto a new\/different intended user?   <\/p>\n<p>ANSWER: In this instance, you need<br \/>\nto contact your client to find out if the<br \/>\noriginal intended user is still relying<br \/>\non the original report. If they are, then<br \/>\nthe new party cannot be privy to the<br \/>\nreport nor can they rely on it. If they are<br \/>\nnot, then you need to confirm that the<br \/>\nintended use of the original appraisal<br \/>\nreport has been completed as per Real<br \/>\nProperty Appraisal Standard Comment<br \/>\n7.2.1.1, i.e., obtain a release in writing<br \/>\nfrom the client (and where appropriate\/<br \/>\nnecessary for clarity purposes, from the<br \/>\noriginal intended user) that the original<br \/>\nintended user is no longer relying on<br \/>\nthe original report. This is to ensure that<br \/>\nonly one party\/intended user is relying<br \/>\non the report. It is important for the<br \/>\nappraiser to know where the risk lies. <\/p>\n<p>\u2022 What is the date the original report<br \/>\nwas issued (report date)?<br \/>\nANSWER: Passage of time is a<br \/>\nkey consideration. Has the property<br \/>\ncondition, property use, market<br \/>\nconditions, etc., changed since the<br \/>\nreport was completed? It is advisable<br \/>\nto point out to the prospective new<br \/>\nclient the dates associated with<br \/>\nthe original report, whether it was<br \/>\nlast week, last month, last year, to<br \/>\nensure that it is understood that a<br \/>\nvalue only applies as of the effective<br \/>\ndate and the value was determined<br \/>\nwithin the context of data available<br \/>\nas of the date of the report and in<br \/>\naccordance with the client\u2019s terms of<br \/>\nreference. Different assignments can<br \/>\ndictate different effective dates, which<br \/>\ncan result in the original valuation <\/p>\n<p>An adaptation of the Professional Excellence Bulletin by<br \/>\nScott McEwen, AACI, P.App and Nathalie Roy-Patenaude, AACI, P.App<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201620 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>being irrelevant for the third party\u2019s<br \/>\nrequirements. Also,\u00a0the older a report,<br \/>\nthe less relevant it will be to the third<br \/>\nparty, and it is not unreasonable for you<br \/>\nto judge the relevancy and reliability<br \/>\nof the report for the circumstances<br \/>\nat hand. It should be clear to the<br \/>\nprospective user that there may have<br \/>\nbeen significant changes to the property<br \/>\nsince the time of report that would<br \/>\nhave a material impact on the current<br \/>\nconclusions. As the author of the<br \/>\nreport, you have the right to decline<br \/>\nto authorize reliance by a third party.<\/p>\n<p>\u2022 If prepared for financing purposes,<br \/>\nwhy did the original lender\/intended<br \/>\nuser turn down the mortgage request?<br \/>\nANSWER: If the property of the<br \/>\nborrower represents a default risk in<br \/>\nthe eyes of one lender, then the report<br \/>\nis at risk of attracting a claim from a<br \/>\nless vigilant lender. <\/p>\n<p>\u2022 Does the third party have a complete<br \/>\ncopy of the report?<br \/>\nANSWER: The best safeguard is for<br \/>\nyou to provide the third party with a<br \/>\ncopy of the report. <\/p>\n<p>Many parties relying on reports have<br \/>\nlittle understanding of the limitations on<br \/>\nuse and distribution of a report and that<br \/>\nonly the intended user identified in the<br \/>\nreport, or in a reliance letter, can rely on<br \/>\nthe conclusions.  <\/p>\n<p>Consider this:<br \/>\nExample 1:<br \/>\nA mortgage broker, the original client,<br \/>\ncontacts the appraiser for a reliance<br \/>\nletter in respect to a property recently<br \/>\nappraised.\u00a0The mortgage broker indicates<br \/>\nthat he also wants the appraiser to<br \/>\ncomment on the increased market<br \/>\nvalue due to additional lots having<br \/>\nbeen developed, thus adding lots to the<br \/>\nresidential sub-division.\u00a0\u201cPlease just<br \/>\nindicate the higher value in the reliance<br \/>\nreport for the extra lots developed.\u201d<\/p>\n<p>What should the appraiser do?<br \/>\n1. The first step is to get an <\/p>\n<p>understanding of the file and what<br \/>\nhas transpired since you completed <\/p>\n<p>the report. Where passage of time<br \/>\nis a consideration, ask why the<br \/>\nproperty is taking so long to<br \/>\nget financed.  <\/p>\n<p>2. Ask your client to provide all<br \/>\nrelevant information regarding the<br \/>\nchanged scope of the development.<br \/>\nNew terms will alter the scope of<br \/>\nthe original assignment and would<br \/>\nconstitute a new assignment\u2026<br \/>\ntherefore, a new report. <\/p>\n<p>3. If your client consents to the release<br \/>\nof the reliance letter, but you are not<br \/>\ncomfortable with the circumstances<br \/>\nsurrounding the matter, as the<br \/>\nauthor and the person liable for<br \/>\nthe report, you have the right to<br \/>\ndecline the request. <\/p>\n<p>4. Document all exchanges (verbal and<br \/>\nwritten) in your workfile (date and<br \/>\ntime-stamped), in the event that an<br \/>\nunauthorized third party decides to<br \/>\nrely on your report. <\/p>\n<p>In this instance, the appraiser declined<br \/>\nthe request. The following week, a<br \/>\nsecondary lender called the appraiser<br \/>\nwith questions regarding the reliance<br \/>\nletter received.\u00a0The appraiser learned that<br \/>\nthe mortgage broker had fraudulently<br \/>\ndrafted a reliance letter, forged his<br \/>\nsignature and changed the value of<br \/>\nthe property. Due diligence by the<br \/>\nunsuspecting lender resulted in the<br \/>\nidentification of a fraud scheme, the<br \/>\nfinancing fell through and the appraiser<br \/>\nreported the matter to the authorities. \u00a0 \u00a0<\/p>\n<p>Example 2:<br \/>\nBanker B, who was not the original<br \/>\nclient, calls the appraiser: \u201cCan you<br \/>\nsend me a reliance letter on the recent<br \/>\nacquisition of a property you appraised<br \/>\n1.5 years ago. We need it for financing<br \/>\nfor the new purchaser.\u201d <\/p>\n<p>Facts:<br \/>\n\u2022 Original report: client is the former <\/p>\n<p>owner\/seller; intended use was first<br \/>\nmortgage financing.<\/p>\n<p>\u2022 Ten months later, the property<br \/>\nsells and the appraiser\u2019s friend is<br \/>\nthe purchaser.  <\/p>\n<p>What would you do?<br \/>\nThe appraiser declined the issuance of<br \/>\nthe reliance letter due to the following:<br \/>\n\u2022 Market conditions changed  <\/p>\n<p>since the original report.<br \/>\n\u2022 The use of the property in the original <\/p>\n<p>report was deemed to not be viable<br \/>\nover time and the new report would<br \/>\nhave to address an alternative highest<br \/>\nand best use.<\/p>\n<p>\u2022 Different client.<br \/>\n\u2022 Different intended user.<br \/>\n\u2022 Conflict of interest or perception  <\/p>\n<p>of conflict of interest may be<br \/>\na consideration.<\/p>\n<p>It may seem that the only cost related<br \/>\nto issuing a reliance letter is the<br \/>\nclerical time associated with drafting<br \/>\nthe letter. However, the original<br \/>\nreport will now carry a greater claim<br \/>\nrisk due to the fact that a number of<br \/>\ngroups or individuals may have relied<br \/>\non the report. Consider the time<br \/>\ninvolved in revisiting the file to assess<br \/>\nthe request, such as the review of the<br \/>\nreport and the work file, as well as<br \/>\ntime spent on the phone in relation to<br \/>\nthe request. <\/p>\n<p>Liability risk has a cost that<br \/>\nshould be reflected in every<br \/>\nprofessional service provided and to<br \/>\nthe risk associated with the work. If<br \/>\na 15-minute assignment comes back<br \/>\nto haunt you as a liability claim, then<br \/>\nthe time involved with defending the<br \/>\nclaim will far outweigh the fee.<\/p>\n<p>CUSPAP 2016<br \/>\nReference to Reliance Letters<br \/>\n\u2022 Qualifications (Ethics Standard <\/p>\n<p>Comment 5.5), Effective Date<br \/>\n(Real Property Appraisal Standard<br \/>\nComment 7.6), Client and Intended<br \/>\nUser (Practice Notes 16.12.6,<br \/>\n16.12,8, 16.12.9)<\/p>\n<p>\u2022 Sample Reliance Letter<br \/>\n(Practice Note 16.12.9) <\/p>\n<p>Questions on any professional practice<br \/>\nmatter can be directed to Nathalie<br \/>\nRoy-Patenaude, AIC Director-<br \/>\nCounsellor Professional Practice at<br \/>\ndirectorprofessionalpractice@aicanada.ca <\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 21Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mailto:directorprofessionalpractice@aicanada.ca<\/p>\n<p>O n demande souvent aux membres de l\u2019Institut canadien des \u00e9valuateurs (ICE) d\u2019autoriser une partie autre que<br \/>\ncelle(s) pr\u00e9vue(s) \u00e0 la fin du contrat de service<br \/>\n\u00e0 utiliser leur rapport d\u2019\u00e9valuation. Ce peut<br \/>\n\u00eatre un pr\u00eateur qui demande l\u2019autorisation<br \/>\nd\u2019utiliser le rapport d\u2019\u00e9valuation \u00e0 des fins<br \/>\nde souscription, alors que le rapport avait \u00e9t\u00e9<br \/>\ninitialement pr\u00e9par\u00e9 pour le propri\u00e9taire ou<br \/>\nun pr\u00eateur diff\u00e9rent; un rapport initialement<br \/>\npr\u00e9par\u00e9 pour des fins matrimoniales et une<br \/>\npartie veut utiliser celui-ci pour obtenir un<br \/>\nrefinancement (ou vice versa); un rapport<br \/>\ninitialement pr\u00e9par\u00e9 pour financer le<br \/>\nr\u00e8glement d\u2019une succession\u2026 la liste de<br \/>\npossibilit\u00e9s est sans fin.<\/p>\n<p>Une lettre de fiabilit\u00e9 est un<br \/>\nprolongement du rapport original, alors<br \/>\nqu\u2019un rapport transmis \u00e0 un tiers peut<br \/>\ntoujours mener au d\u00e9p\u00f4t d\u2019une \u00e9ventuelle<br \/>\nr\u00e9clamation, sans parler des chances d\u2019une<br \/>\nr\u00e9clamation de la part du client original<br \/>\ndans le cas d\u2019un manquement au devoir<br \/>\nde confidentialit\u00e9.<\/p>\n<p>Les membres de l\u2019ICE peuvent\u00a0:<br \/>\n\u2022 \u00e9mettre par \u00e9crit une lettre de fiabilit\u00e9 <\/p>\n<p>autorisant un tiers \u00e0 utiliser\/compter<br \/>\nsur le rapport, avec le consentement<br \/>\ndu client original et la lib\u00e9ration du<br \/>\npremier utilisateur pr\u00e9vu;<\/p>\n<p>\u2022 produire un nouveau rapport pour un<br \/>\nnouveau client et un nouvel utilisateur<br \/>\npr\u00e9vu, pourvu qu\u2019il n\u2019y ait pas de conflit<br \/>\nd\u2019int\u00e9r\u00eats et que l\u2019utilisation pr\u00e9vue du<br \/>\nrapport original ait \u00e9t\u00e9 r\u00e9alis\u00e9e; ou<\/p>\n<p>\u2022 refuser la demande (sans avoir \u00e0 en<br \/>\ndonner les raisons, puisque cela pourrait<br \/>\noccasionner un manquement au devoir<br \/>\nde confidentialit\u00e9 requis dans le contrat<br \/>\nde service original).<\/p>\n<p>Produire un nouveau rapport ne sera<br \/>\npeut-\u00eatre pas n\u00e9cessaire si le rapport initial<br \/>\nr\u00e9pond aussi aux exigences du nouvel<br \/>\nutilisateur pr\u00e9vu. Par exemple, il s\u2019av\u00e8re<br \/>\nraisonnable de pr\u00e9voir qu\u2019un rapport<br \/>\n\u00e9labor\u00e9 pour un client (propri\u00e9taire) dans<br \/>\nle seul but d\u2019obtenir son pr\u00eat hypoth\u00e9caire<br \/>\nde premier rang sera utilis\u00e9 par un<br \/>\n\u00e9ventuel pr\u00eateur, identifi\u00e9 par son nom, en<br \/>\nsupposant que l\u2019envergure des travaux du<br \/>\nrapport original respecte les dispositions du<br \/>\nnouvel utilisateur pr\u00e9vu et du pr\u00eateur. Il est<br \/>\nimportant de s\u2019assurer que cette nouvelle<br \/>\npartie soit inform\u00e9e des consid\u00e9rations<br \/>\nparticuli\u00e8res, hypoth\u00e8ses, etc., prises en<br \/>\ncompte pour tirer les conclusions relatives<br \/>\n\u00e0 la valeur. Bien qu\u2019on s\u2019attende \u00e0 ce que<br \/>\nces \u00e9l\u00e9ments soient expliqu\u00e9s en d\u00e9tail dans<br \/>\nle rapport, ce dernier peut contenir des<br \/>\nhypoth\u00e8ses qui devraient \u00eatre clairement<br \/>\nd\u00e9crites dans la lettre de fiabilit\u00e9.<\/p>\n<p>PRATIQUES EXEMPLAIRES<br \/>\nSUGG\u00c9R\u00c9ES : QUESTIONS \u00c0 POSER<\/p>\n<p>\u2022 \u00c0 qui appartient le rapport original ?<br \/>\nSi le demandeur ou un tiers a pay\u00e9<br \/>\npour le rapport, mais que la banque est<br \/>\nle client, \u00e0 qui appartient le rapport ?<br \/>\nR\u00c9PONSE : Si la banque est le<br \/>\nclient, le rapport lui appartient, peu<br \/>\nimporte qui a pay\u00e9 pour celui-ci. Le<br \/>\nclient est la personne ou l\u2019organisation<br \/>\n\u00e0 qui le membre rend des services<br \/>\nprofessionnels.<\/p>\n<p>\u2022 Qui a \u00e9t\u00e9 autoris\u00e9 \u00e0 utiliser<br \/>\nle rapport original ?<br \/>\nR\u00c9PONSE : La partie identifi\u00e9e<br \/>\npar son nom dans votre rapport est<br \/>\nl\u2019utilisateur pr\u00e9vu. Ce pourrait \u00eatre<br \/>\nvotre client, qui est habituellement<br \/>\nl\u2019utilisateur pr\u00e9vu.<\/p>\n<p>\u2022 Votre premier client a-t-il fourni une<br \/>\ncopie de votre rapport, sans votre<br \/>\nautorisation, \u00e0 un nouvel ou \u00e0 un<br \/>\ndiff\u00e9rent utilisateur pr\u00e9vu\u00a0?<br \/>\nR\u00c9PONSE : Dans ce cas, vous devez<br \/>\ncontacter votre client pour savoir si<br \/>\nle premier utilisateur pr\u00e9vu d\u00e9sire<br \/>\nencore utiliser le rapport original. Le<br \/>\ncas \u00e9ch\u00e9ant, la nouvelle partie ne peut<br \/>\nprendre connaissance du rapport, encore<br \/>\nmoins utiliser celui-ci. Sinon, vous<br \/>\ndevez confirmer que l\u2019utilisation pr\u00e9vue<br \/>\ndu rapport d\u2019\u00e9valuation original a \u00e9t\u00e9<br \/>\nr\u00e9alis\u00e9e, conform\u00e9ment au commentaire<br \/>\n7.2.1.1 de la Norme relative aux activit\u00e9s<br \/>\nd\u2019\u00e9valuation de biens immobiliers, c.-\u00e0-d.<br \/>\nobtenir une lib\u00e9ration du client par \u00e9crit<br \/>\n(et si cela est indiqu\u00e9\/n\u00e9cessaire pour fins<br \/>\nde clart\u00e9, de la part du premier utilisateur<br \/>\npr\u00e9vu), \u00e0 l\u2019effet que le premier utilisateur<br \/>\npr\u00e9vu n\u2019utilise plus le rapport original.<br \/>\nLe but est de s\u2019assurer que seulement une<br \/>\npartie ou un utilisateur pr\u00e9vu utilise le<br \/>\nrapport. Il est important que l\u2019\u00e9valuateur<br \/>\nconnaisse les risques.<\/p>\n<p>\u2022 \u00c0 quelle date le rapport original a-t-il \u00e9t\u00e9<br \/>\nproduit (date du rapport) ? Le passage<br \/>\ndu temps est une consid\u00e9ration cl\u00e9.<br \/>\nLa condition et l\u2019utilisation du bien<br \/>\nimmobilier, les conditions du march\u00e9,<br \/>\netc., ont-elles chang\u00e9 depuis que le<br \/>\nrapport a \u00e9t\u00e9 effectu\u00e9 ?<br \/>\nR\u00c9PONSE : Il est conseill\u00e9 d\u2019indiquer<br \/>\nau nouveau client \u00e9ventuel les dates<br \/>\nassoci\u00e9es au rapport original, qu\u2019il<br \/>\ns\u2019agisse de la semaine derni\u00e8re, du mois<br \/>\ndernier ou de l\u2019ann\u00e9e derni\u00e8re, pour<br \/>\ns\u2019assurer qu\u2019il comprenne que la valeur<br \/>\ns\u2019applique seulement \u00e0 compter de la<br \/>\ndate d\u2019entr\u00e9e en vigueur et qu\u2019elle a \u00e9t\u00e9<br \/>\nd\u00e9termin\u00e9e en fonction des donn\u00e9es <\/p>\n<p>LETTRES<br \/>\nDE FIABILIT\u00c9 :<br \/>\nsongez aux risques<br \/>\nUne adaptation du  Bulletin d\u2019excellence professionnelle par<br \/>\nScott McEwen, AACI, P.App et Nathalie Roy-Patenaude, AACI, P.App<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201622 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mises \u00e0 la disposition de l\u2019\u00e9valuateur<br \/>\n\u00e0 la date du rapport et conform\u00e9ment<br \/>\naux dispositions du client. Diff\u00e9rents<br \/>\ncontrats de services peuvent dicter<br \/>\ndiff\u00e9rentes dates en vigueur; ainsi,<br \/>\nl\u2019\u00e9valuation originale peut ne pas<br \/>\nconvenir aux exigences du tiers. Par<br \/>\nailleurs, plus le rapport est vieux, moins<br \/>\nil sera pertinent aux yeux du tiers et<br \/>\nil n\u2019est pas d\u00e9raisonnable pour vous<br \/>\nde juger la pertinence et la fiabilit\u00e9 du<br \/>\nrapport \u00e0 la lumi\u00e8re des circonstances<br \/>\nparticuli\u00e8res. L\u2019utilisateur \u00e9ventuel doit<br \/>\nbien savoir que, depuis l\u2019\u00e9valuation,<br \/>\nd\u2019importantes modifications ont<br \/>\npeut-\u00eatre \u00e9t\u00e9 apport\u00e9es au bien<br \/>\nimmobilier, ce qui pourrait avoir<br \/>\nune grande incidence sur la valeur<br \/>\nestim\u00e9e courante. \u00c0 titre d\u2019auteur du<br \/>\nrapport, vous avez le droit de refuser<br \/>\nl\u2019utilisation du rapport par un tiers.<\/p>\n<p>\u2022 Si le rapport a \u00e9t\u00e9 pr\u00e9par\u00e9 pour des fins<br \/>\nde financement, pourquoi le premier<br \/>\npr\u00eateur\/utilisateur pr\u00e9vu a-t-il refus\u00e9 la<br \/>\ndemande de pr\u00eat hypoth\u00e9caire ?<br \/>\nR\u00c9PONSE : Si le bien immobilier de<br \/>\nl\u2019emprunteur repr\u00e9sente un risque de<br \/>\nnon-paiement aux yeux d\u2019un pr\u00eateur,<br \/>\nle rapport risque alors d\u2019entra\u00eener une<br \/>\nr\u00e9clamation ult\u00e9rieurement d\u00e9pos\u00e9e par<br \/>\nun pr\u00eateur moins vigilant.<\/p>\n<p>\u2022 Le tiers poss\u00e8de-t-il une copie compl\u00e8te<br \/>\ndu rapport ?<br \/>\nR\u00c9PONSE : Mettez toutes les<br \/>\nchances de votre c\u00f4t\u00e9 en fournissant au<br \/>\ntiers une copie du rapport.<\/p>\n<p>Plusieurs parties ignorent que l\u2019utilisation et<br \/>\nla distribution d\u2019un rapport sont limit\u00e9es et<br \/>\nque seul l\u2019utilisateur pr\u00e9vu identifi\u00e9 dans le<br \/>\nrapport, ou dans une lettre de fiabilit\u00e9, peut<br \/>\nutiliser ses conclusions.<\/p>\n<p>R\u00e9fl\u00e9chissez aux situations suivantes<br \/>\nExemple 1 :<br \/>\nUn courtier hypoth\u00e9caire (le client<br \/>\noriginal) contacte l\u2019\u00e9valuateur pour obtenir<br \/>\nune lettre de fiabilit\u00e9 concernant un<br \/>\nbien immobilier r\u00e9cemment \u00e9valu\u00e9. Le<br \/>\ncourtier hypoth\u00e9caire demande \u00e9galement<br \/>\n\u00e0 l\u2019\u00e9valuateur de commenter la valeur<br \/>\nmarchande plus \u00e9lev\u00e9e \u00e0 cause d\u2019autres lots<br \/>\nqui ont \u00e9t\u00e9 d\u00e9velopp\u00e9s, ajoutant donc des<br \/>\nlots \u00e0 la subdivision r\u00e9sidentielle. \u00ab\u00a0Veuillez<br \/>\nsimplement indiquer dans le rapport de<br \/>\nfiabilit\u00e9 la valeur plus \u00e9lev\u00e9e cr\u00e9\u00e9e par<br \/>\nles lots suppl\u00e9mentaires d\u00e9velopp\u00e9s.\u00a0\u00bb<\/p>\n<p>Que devrait faire l\u2019\u00e9valuateur ?<br \/>\n1. Il faut d\u2019abord comprendre tous <\/p>\n<p>les \u00e9l\u00e9ments du dossier et savoir ce<br \/>\nqui s\u2019est pass\u00e9 depuis que vous avez<br \/>\nproduit le rapport. Quand le passage<br \/>\ndu temps est un facteur \u00e0 consid\u00e9rer,<br \/>\ndemandez pourquoi le financement du<br \/>\nbien immobilier n\u2019a pas \u00e9t\u00e9 accord\u00e9.<\/p>\n<p>2. Demandez \u00e0 votre client de vous fournir<br \/>\ntoute l\u2019information pertinente sur la<br \/>\nnouvelle envergure du d\u00e9veloppement.<br \/>\nToute nouvelle disposition modifiera<br \/>\nla port\u00e9e du contrat de service<br \/>\noriginal et elle constituerait un<br \/>\nnouveau contrat de service, requ\u00e9rant<br \/>\ndonc un nouveau rapport.<\/p>\n<p>3. Si votre client consent \u00e0 \u00e9mettre la lettre<br \/>\nde fiabilit\u00e9, mais que les circonstances<br \/>\nentourant la question vous rendent<br \/>\ninconfortable, \u00e0 titre d\u2019auteur et de<br \/>\npersonne responsable du rapport, vous<br \/>\navez le droit de refuser la demande.<\/p>\n<p>4. Versez \u00e0 votre dossier de travail toutes<br \/>\nles communications (verbales et \u00e9crites),<br \/>\nen prenant soin de les horodater, dans<br \/>\nl\u2019\u00e9ventualit\u00e9 o\u00f9 un tiers non autoris\u00e9<br \/>\nd\u00e9cide d\u2019utiliser votre rapport.<\/p>\n<p>Dans ce cas, l\u2019\u00e9valuateur a refus\u00e9 la<br \/>\ndemande. La semaine suivante, un<br \/>\npr\u00eateur secondaire a t\u00e9l\u00e9phon\u00e9 \u00e0<br \/>\nl\u2019\u00e9valuateur pour lui poser des questions<br \/>\nsur la lettre de fiabilit\u00e9 qu\u2019il avait re\u00e7ue.<br \/>\nL\u2019\u00e9valuateur a d\u00e9couvert que le courtier<br \/>\nhypoth\u00e9caire avait r\u00e9dig\u00e9 une fausse<br \/>\nlettre de fiabilit\u00e9, forg\u00e9 sa signature et<br \/>\nchang\u00e9 la valeur du bien immobilier. La<br \/>\ndiligence raisonnable du pr\u00eateur non<br \/>\nm\u00e9fiant a permis d\u2019exposer le stratag\u00e8me<br \/>\nfrauduleux, le financement a bien s\u00fbr<br \/>\n\u00e9chou\u00e9 et l\u2019\u00e9valuateur a rapport\u00e9 la<br \/>\nfraude aux autorit\u00e9s.<\/p>\n<p>Exemple 2 :<br \/>\nLe banquier B, qui n\u2019est pas le client<br \/>\noriginal, t\u00e9l\u00e9phone \u00e0 l\u2019\u00e9valuateur : \u00ab\u00a0Pouvez-<br \/>\nvous m\u2019envoyer une lettre de fiabilit\u00e9<br \/>\nconcernant la r\u00e9cente acquisition d\u2019un bien<br \/>\nimmobilier que vous avez \u00e9valu\u00e9 il y a un an<br \/>\net demi, je vous prie\u00a0? Nous en avons besoin<br \/>\npour financer le nouvel acheteur. \u00bb<\/p>\n<p>Faits\u00a0:<br \/>\n\u2022 Rapport original : le client original <\/p>\n<p>est l\u2019ancien propri\u00e9taire\/vendeur;<br \/>\nl\u2019utilisation pr\u00e9vue \u00e9tait le financement<br \/>\nd\u2019une premi\u00e8re hypoth\u00e8que.<\/p>\n<p>\u2022 Dix mois plus tard, le bien immobilier<br \/>\nest vendu, et l\u2019acheteur est un ami de<br \/>\nl\u2019\u00e9valuateur.<\/p>\n<p>Que devriez-vous faire\u00a0?<br \/>\nL\u2019\u00e9valuateur a refus\u00e9 de r\u00e9diger la lettre<br \/>\nde fiabilit\u00e9, pour les raisons suivantes :<\/p>\n<p>\u2022 Les conditions du march\u00e9 ont chang\u00e9<br \/>\ndepuis la production du rapport original.<\/p>\n<p>\u2022 Dans le rapport original, l\u2019utilisation du<br \/>\nbien immobilier n\u2019\u00e9tait pas consid\u00e9r\u00e9e<br \/>\ncomme durable \u00e0 long terme; le nouveau<br \/>\nrapport devrait donc \u00e9tablir une autre<br \/>\nutilisation optimale.<\/p>\n<p>\u2022 Client diff\u00e9rent<br \/>\n\u2022 Utilisateur pr\u00e9vu diff\u00e9rent<br \/>\n\u2022 Un conflit d\u2019int\u00e9r\u00eats ou une <\/p>\n<p>apparence de conflit d\u2019int\u00e9r\u00eats peut<br \/>\nentrer en consid\u00e9ration.<\/p>\n<p>Pour une lettre de fiabilit\u00e9, il peut sembler<br \/>\nque les seuls co\u00fbts sont associ\u00e9s \u00e0 la<br \/>\nr\u00e9daction de la lettre. Cependant, le rapport<br \/>\noriginal comportera d\u00e9sormais de plus<br \/>\ngrands risques de r\u00e9clamation, car plusieurs<br \/>\ngroupes ou individus l\u2019auront peut-\u00eatre<br \/>\nutilis\u00e9. Pensez au temps qu\u2019il faudra pour<br \/>\nrevoir le dossier afin d\u2019\u00e9valuer la demande,<br \/>\npar exemple pour examiner le rapport et<br \/>\nle dossier de travail et pour faire des appels<br \/>\nt\u00e9l\u00e9phoniques au sujet de la demande.<\/p>\n<p>Le risque li\u00e9 \u00e0 la responsabilit\u00e9 a un<br \/>\nco\u00fbt, qui devrait entrer dans chaque service<br \/>\nprofessionnel rendu et correspondre au<br \/>\nrisque pos\u00e9 par le travail. Si des travaux<br \/>\nde 15 minutes viennent vous hanter sous<br \/>\nla forme d\u2019une r\u00e9clamation en mati\u00e8re<br \/>\nde responsabilit\u00e9, le temps consacr\u00e9 \u00e0 sa<br \/>\nd\u00e9fense d\u00e9passera largement le co\u00fbt des<br \/>\ntravaux initiaux.<\/p>\n<p>R\u00e9f\u00e9rences aux lettres de<br \/>\nfiabilit\u00e9 dans les NUPPEC 2016<\/p>\n<p>\u2022 Qualifications (commentaire 5.5 de la<br \/>\nNorme relative aux questions d\u2019\u00e9thique);<br \/>\nDate r\u00e9elle (commentaire 7.6 de la<br \/>\nNorme relative aux activit\u00e9s d\u2019\u00e9valuation<br \/>\nde biens immobiliers); et Client et<br \/>\nutilisateurs pr\u00e9vus (Notes relatives \u00e0 la<br \/>\npratique 16.12.6, 16.12.8 et 16.12.9).<\/p>\n<p>\u2022 Exemple de lettre de fiabilit\u00e9<br \/>\n(Note relative \u00e0 la pratique 16.12.9).<\/p>\n<p>Vous pouvez adresser vos questions sur les<br \/>\nenjeux de pratique professionnelle \u00e0 Nathalie<br \/>\nRoy-Patenaude, directrice-conseill\u00e8re<br \/>\nen pratique professionnelle de l\u2019ICE, \u00e0<br \/>\ndirectorprofessionalpractice@aicanada.ca. <\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 23Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mailto:directorprofessionalpractice@aicanada.ca<\/p>\n<p>T he purpose of this article is to cover some of the factors considered in golf course appraisals. This<br \/>\ninformation is presented for education<br \/>\npurposes \u2013 it is not an appraisal, since<br \/>\nit was not prepared in accordance with<br \/>\nthe Canadian Uniform Standards of<br \/>\nProfessional Appraisal Practice (CUSPAP). <\/p>\n<p>I would like to thank the Royal<br \/>\nRegina Golf Club for their permission<br \/>\nto share information on operations.<br \/>\nI also received valuable input from<br \/>\nseveral Appraisal Institute of Canada<br \/>\n(AIC) Members who are subject matter<br \/>\nexperts, as well as two Regina investor\/<br \/>\ndevelopers, golf professionals, mortgage<br \/>\nlenders and others.<\/p>\n<p>Any discussion of a specialized area<br \/>\nof appraisal starts with a consideration<br \/>\nof Ethics Standard Rule 4.3.7, which<br \/>\nstates that it is unethical to undertake<br \/>\nan assignment lacking the necessary<br \/>\ncompetence. If competence is lacking,<br \/>\nthere are steps laid out in CUSPAP for<br \/>\nmembers to follow, when completing<br \/>\nwork outside of their normal practice.<\/p>\n<p>ROYAL REGINA GOLF CLUB<br \/>\nCreated in 1899 and moved to its current<br \/>\nlocation in 1901, the Royal Regina lies on<br \/>\nthe west side of Regina, just north of the<br \/>\nairport and only five minutes from down-<br \/>\ntown. Originally used by the adjacent<br \/>\nRCMP training headquarters, the golf club<br \/>\neventually purchased the land from the<br \/>\nfederal government. In 1999, it received<br \/>\nthe \u2018Royal\u2019 designation from Queen<br \/>\nElizabeth II, since it was then 100 years <\/p>\n<p>old and royalty had visited the club in the<br \/>\npast. There are only five other golf courses<br \/>\nin Canada with the Royal designation. The<br \/>\nRoyal Regina has hosted many prestigious<br \/>\nevents in the past. It is owned by the mem-<br \/>\nbers and has not-for-profit taxation status<br \/>\n(however, the club does pay property tax).<br \/>\nThe course is semi-private, which means it<br \/>\nallows non-members to play at non-peak<br \/>\nhours. It allows outside tournaments,<br \/>\ngenerally booked on Mondays, which has<br \/>\nbeen a good revenue source. The pro is<br \/>\npaid a wage, but also receives the pro shop<br \/>\nprofit from clubs, shoes, clothing, etc.<\/p>\n<p>\u00a0The Wascana Creek winds through the<br \/>\neast portion of the 122-acre site, and 36%<br \/>\nof the course lies within a floodway zone.<br \/>\nIn 2011, there was a devastating flood, and<br \/>\n2013 also had some flood damage. There<br \/>\nare 18 holes plus two extra short par 3<br \/>\nholes, a driving range and small practice<br \/>\narea. The course is 6,468 yards in length<br \/>\nwith a par 71, slope of 133 and course<br \/>\nrating of 71.8. It is a challenging course<br \/>\nto play. The one-storey, 8,918 square foot<br \/>\nclubhouse was built in 2001. There are also<br \/>\nstorage and maintenance buildings.<\/p>\n<p>2015 INCOME AND EXPENSES<br \/>\n2015 was an exceptionally good year, with<br \/>\n33,000 rounds played. Rounds played are<br \/>\ncounted as the number of people that teed<br \/>\noff, whether or not they finished. There<br \/>\nwere 198 days of golf, factoring in days<br \/>\nwhen play is not possible due to weather.<br \/>\nThe dining area and bar income includes<br \/>\nevents like weddings, receptions, non-<br \/>\nmember golf tournaments, etc.<\/p>\n<p>GROSS INCOME<br \/>\nMembership fees $1,428,793<br \/>\nGreen fees 319,392<br \/>\nCourse improvement fees 119,255<br \/>\nPower carts (net of expenses) 142,246<br \/>\nSundry   102,047<br \/>\nTotal Revenue   $2,111,733<\/p>\n<p>Dining\/bar gross sales: $1,135,318<br \/>\n (and $62,023 net)<br \/>\nTotal Income $3,247,051<\/p>\n<p>Income including net<br \/>\nfrom dining\/bar  $2,173,756<\/p>\n<p>Operating expenses $1,738,462<br \/>\nNet income $ 435,294<\/p>\n<p>Notes<br \/>\n\u2022 Operating expenses include course <\/p>\n<p>maintenance, administration and<br \/>\ngeneral, clubhouse expenses and golf<br \/>\nservice expenses.<\/p>\n<p>\u2022 The net is higher than the three previous<br \/>\nyears, which ranged from $369,826-<br \/>\n$407,873. It could be argued that the<br \/>\naverage net income of the four years<br \/>\nshould be used for the valuation.<\/p>\n<p>\u2022 2011 was the big flood year and net<br \/>\nincome was only $254,689. 2013<br \/>\nalso had a flood and net income was<br \/>\nonly $369,826, despite property tax<br \/>\nreduction as a special concession<br \/>\nto the club for the 2011 flood.<\/p>\n<p>\u2022 The net income of 13.4% of gross<br \/>\nis below the 17.6% ratio of another<br \/>\nprivate (but operated as not-for-<br \/>\nprofit) golf course outside Regina.\u00a0<\/p>\n<p>WHAT IS THE WORTH OF<\/p>\n<p>ROYAL REGINA<br \/>\nGOLF CLUB?<\/p>\n<p>BY PETER LAWREK, AACI, P.APP, FELLOW (IN COLL ABORAT ION WITH THE AIC APPEAL SUB-COMMIT TEE)<\/p>\n<p> THE<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201624 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>WHAT IF IT WAS OPERATED AS FOR-PROFIT?<br \/>\n\u2022 The 33,000 rounds in 2015 was <\/p>\n<p>an exceptional year. Based on local<br \/>\ninformation, 30,000 rounds would<br \/>\nbe a realistic average year.<\/p>\n<p>\u2022 The green fee at the local municipal<br \/>\ncourses is $48.50. Public green fees at<br \/>\nthe Royal Regina are $90, or $60 if<br \/>\nthe player is a guest of a member.<\/p>\n<p>\u2022 Based on 30,000 rounds x $60 green<br \/>\nfee = $1.8 million. Add $150,000<br \/>\npower cart revenue, which is slightly<br \/>\nhigher than net for 2015.<\/p>\n<p>\u2022 The total would be $1,950,000 gross<br \/>\nincome from golf, which is less than<br \/>\n2015 actual revenue. Based on this and<br \/>\ndiscussions with others, it appears the<br \/>\nclub would not make any higher income<br \/>\nif it was privately owned and run for<br \/>\nprofit. Food and beverage income would<br \/>\nbe difficult to increase due to the out-of-<br \/>\nthe-way location. Extra revenue could<br \/>\ncome from the pro shop, but this is a<br \/>\ncompetitive market segment, with<br \/>\nlow margins.<\/p>\n<p>\u2022 A majority of the appraisers consulted<br \/>\nthought a replacement reserve should be<br \/>\nadded as an expense. As a comparison, in<br \/>\nhotel appraisals, a reserve for replacements<br \/>\nis typically used, which would be 3-5%.<br \/>\nIt would be appropriate to have a reserve<br \/>\nfor replacements (equipment, power carts,<br \/>\netc.) and course upgrades. Based on the<br \/>\ndiscussion, a $50,000 allowance, or 1.5%<br \/>\nof the 2015 gross income, is reasonable.<\/p>\n<p>\u00a0<br \/>\nFINANCING<br \/>\nA local lender indicates the following:<\/p>\n<p>Loan-to-value ratio:\u00a050%-65%, with<br \/>\namortization of 10-15 years, depending on<br \/>\nthe strength of the borrower. <\/p>\n<p>Interest rate:\u00a04.25%-4.75%. Golf courses<br \/>\nhave more risk due mainly to weather and<br \/>\nbecause they are not typical loans.<\/p>\n<p>These financing options are not as<br \/>\nfavourable as good quality commercial<br \/>\nproperties, which would normally get a 75%<br \/>\nloan to value ratio, 20-25 year amortization,<br \/>\nand a rate less than 4%.<\/p>\n<p>CAPITALIZATION RATE AND MARKET VALUE<br \/>\nThe Royal Regina Golf Club has<br \/>\na substantial flood risk. When the<br \/>\nGovernment of Canada sold the land to<br \/>\nthe club, it included a clause that would <\/p>\n<p>give the government the first right to<br \/>\npurchase. The adjacent RCMP would<br \/>\nlikely object to any use for residential<br \/>\npurposes. Considering the flood risk<br \/>\nand proximity to the CPR mainline and<br \/>\nairport, the subject land would not be<br \/>\nideal for residential development. The<br \/>\navailable financing for golf courses is less<br \/>\nfavourable than other investments.<\/p>\n<p>In Regina, a limited service hotel<br \/>\ncapitalization rate would be near 10%.<br \/>\nThere is consensus that a golf course like the<br \/>\nRoyal Regina is a higher risk.<\/p>\n<p>Based on discussions with two local<br \/>\ninvestor\/developers as well as appraisers<br \/>\nacross Canada, it appears that a 12%<br \/>\ncapitalization rate would be appropriate.<br \/>\nAppraisers in Canada report golf course<br \/>\ncapitalization ranging from 9-16%,<br \/>\ndepending on location, quality, etc.<\/p>\n<p>Therefore: 2015 net income of<br \/>\n$435,294, less $50,000 replacement reserve<br \/>\n= $385,294\/12% = $3,210,783.<\/p>\n<p>DIRECT COMPARISON APPROACH<br \/>\nThis approach could be added, based<br \/>\non a sale price per hole comparison.<br \/>\nHowever, in this case, there is only<br \/>\none local comparable available and it<br \/>\nsold inclusive of development land. If<br \/>\napplied, the best comparables should be<br \/>\nsimilar golf courses, considering factors<br \/>\nsuch as whether they are public or<br \/>\nprivate, whether they include significant<br \/>\nnon-golf revenues (such as banquets,<br \/>\ncart-only green fee policy, any club<br \/>\nfees not related to golf operations),<br \/>\nwhether they have similar clubhouse<br \/>\nand maintenance facilities, and whether<br \/>\nassets used in the operation are owned<br \/>\nor leased.<\/p>\n<p>Based on information provided by<br \/>\nappraisers in Canada, we can report<br \/>\nthe following:<\/p>\n<p>The consensus is that golf courses in<br \/>\nlarge urban centres sell for land value,<br \/>\ndue to high real estate prices. Many of<br \/>\nthe secondary courses are not making<br \/>\nany money, or if any, very little. Prices in<br \/>\nmarkets such as Toronto and Vancouver<br \/>\nwill often have higher sale prices since<br \/>\nthey might be purchased for more than<br \/>\njust their income. In general, demand to<br \/>\npurchase is weak for golf courses that do<br \/>\nnot have development potential.<\/p>\n<p>COST APPROACH<br \/>\nA land valuation is often required as part of<br \/>\nthis type of assignment. In the subject case, the<br \/>\nhighest and best use of the land is complicated<br \/>\ndue to possible lack of servicing capacity for a<br \/>\nresidential development, which, besides park<br \/>\nspace, would be the only other alternative use<br \/>\nother than the RCMP for expansion. There<br \/>\nis also the fact that 36% of the land is flood<br \/>\nprone. More important, as discussed above,<br \/>\nthe government of has right of first refusal to<br \/>\npurchase the land back for only $200,000.<br \/>\nApproval from the Government of Canada is<br \/>\nalso required to erect any signs or buildings, or<br \/>\nto alter the contours of the land.<\/p>\n<p>Using depreciated cost to value<br \/>\nimprovements is extremely challenging for<br \/>\ngolf course appraisals. In the current market,<br \/>\ncosts far exceed the recent prices for the few<br \/>\ngolf course transactions available for analysis.<br \/>\nThis approach could only be valid if there is<br \/>\nan accurate estimate of economic obsolescence<br \/>\nto account for the difference between cost and<br \/>\nsale price based on potential income.<\/p>\n<p>In Saskatchewan, properties are reassessed<br \/>\nevery four years. The subject\u2019s current<br \/>\nassessment is $5,184,400, and the 2016<br \/>\nproperty taxes are $90,168. The assessment<br \/>\nis first based on the value of the bare land,<br \/>\nand then, based on the assessment manual,<br \/>\nadditional value is given based on cost for the<br \/>\ngreens, fairways, underground water, etc.<br \/>\nThe buildings are valued on depreciated cost.<\/p>\n<p>Also in Saskatchewan, specific property<br \/>\nappraisals cannot be given any weight in<br \/>\nappeals because assessment is based on mass<br \/>\nappraisal. In addition,\u00a0the subject land<br \/>\nassessment was appealed on the basis that 36%<br \/>\nof the subject is in the floodway zone and,<br \/>\ntherefore, a lower land value should be used.<br \/>\nThe appeal failed because the assessor had no<br \/>\nflood prone land sales to use.<\/p>\n<p>There is a general reassessment for<br \/>\n2017-2020 and the assessment will be<br \/>\nhigher. It appears the Royal Regina Golf<br \/>\nClub paid an extra $34,000 in property<br \/>\ntaxes in 2016, due to the high property tax<br \/>\nassessment. The assessed value is a good<br \/>\nexample of how the cost approach can lead<br \/>\nto an incorrect valuation.<\/p>\n<p>CONCLUSION<br \/>\nGolf courses are difficult to appraise, so the<br \/>\nassistance of other appraisers and course<br \/>\nowners\/managers is highly recommended.\u00a0<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 25Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>QUELLE EST LA VALEUR <\/p>\n<p>ROYAL REGINA<br \/>\nGOLF CLUB?<\/p>\n<p> DU<\/p>\n<p>L es terrains de golf sont difficiles \u00e0 \u00e9valuer en raison des variables en pr\u00e9sence. Cet article aborde quelques facteurs<br \/>\nentrant dans l\u2019\u00e9valuation des terrains de golf.<br \/>\nL\u2019information qu\u2019il contient ne sert qu\u2019\u00e0 des<br \/>\nfins \u00e9ducatives : ce n\u2019est pas une \u00e9valuation,<br \/>\ncar elle n\u2019est pas \u00e9labor\u00e9e conform\u00e9ment aux<br \/>\nNormes uniformes de pratique professionnelle en<br \/>\nmati\u00e8re d\u2019\u00e9valuation au Canada (NUPPEC).<\/p>\n<p>J\u2019aimerais reconna\u00eetre et remercier les<br \/>\ndirigeants du Royal Regina Golf Club de<br \/>\nm\u2019avoir autoris\u00e9 \u00e0 partager l\u2019information sur<br \/>\nles op\u00e9rations apparaissant dans les lignes qui<br \/>\nsuivent. J\u2019ai aussi re\u00e7u des renseignements<br \/>\nutiles de plusieurs membres de l\u2019Institut<br \/>\ncanadien des \u00e9valuateurs (ICE), des experts<br \/>\nen la mati\u00e8re, en plus de deux investisseurs\/<br \/>\npromoteurs de Regina, des golfeurs<br \/>\nprofessionnels, des pr\u00eateurs hypoth\u00e9caires<br \/>\net d\u2019autres.<\/p>\n<p>Toute discussion men\u00e9e dans un domaine<br \/>\nsp\u00e9cialis\u00e9 d\u2019\u00e9valuation doit \u00eatre lanc\u00e9e \u00e0 la<br \/>\nlumi\u00e8re de la R\u00e8gle 4.3.7 de la Norme relative<br \/>\naux questions d\u2019\u00e9thique, stipulant qu\u2019\u00ab\u00a0il est<br \/>\ncontraire \u00e0 l\u2019\u00e9thique professionnelle pour un<br \/>\nmembre d\u2019entreprendre un contrat de service<br \/>\nsans poss\u00e9der les comp\u00e9tences n\u00e9cessaires<br \/>\net(ou) de ne pas l\u2019ex\u00e9cuter de fa\u00e7on<br \/>\ncomp\u00e9tente\u00a0\u00bb. S\u2019ils n\u2019ont pas les comp\u00e9tences<br \/>\nrequises, les membres peuvent suivre des<br \/>\n\u00e9tapes d\u00e9crites dans les NUPPEC en achevant<br \/>\nle travail au-del\u00e0 de leur pratique habituelle.<\/p>\n<p>LE ROYAL REGINA GOLF CLUB<br \/>\nCr\u00e9\u00e9 en 1899 et d\u00e9m\u00e9nag\u00e9 \u00e0 son<br \/>\nemplacement actuel en 1901, le Royal<br \/>\nRegina s\u2019\u00e9tend dans la partie ouest de Regina,<br \/>\nimm\u00e9diatement au nord de l\u2019a\u00e9roport et \u00e0<br \/>\ncinq petites minutes du centre-ville. Le club<br \/>\na \u00e9ventuellement achet\u00e9 le terrain, propri\u00e9t\u00e9<br \/>\ndu gouvernement f\u00e9d\u00e9ral, qui servait d\u2019abord<br \/>\nau quartier g\u00e9n\u00e9ral de la formation de la<br \/>\nGendarmerie Royale du Canada (GRC)<br \/>\nadjacent. En 1999, la reine \u00c9lizabeth II a<br \/>\nnomm\u00e9 le club \u2039\u00a0Royal\u00a0\u203a, puisqu\u2019il avait alors <\/p>\n<p>100 ans et que des monarques l\u2019avaient visit\u00e9<br \/>\ndans le pass\u00e9. Il existe seulement cinq autres<br \/>\nclubs de golf portant la d\u00e9signation \u2039\u00a0Royal\u00a0\u203a au<br \/>\nCanada. Le Royal Regina a pr\u00e9sent\u00e9 plusieurs<br \/>\ntournois prestigieux au cours des ann\u00e9es.<br \/>\nAppartenant \u00e0 ses membres, le club poss\u00e8de<br \/>\nle statut fiscal d\u2019organisme \u00e0 but non lucratif,<br \/>\nbien qu\u2019il paie des taxes fonci\u00e8res. Le parcours<br \/>\nest semi-priv\u00e9, c\u2019est-\u00e0-dire que l\u2019on permet \u00e0<br \/>\ndes non-membres de jouer pendant les heures<br \/>\ncreuses. Il tient \u00e9galement des tournois de<br \/>\nl\u2019ext\u00e9rieur, habituellement r\u00e9serv\u00e9s les lundis,<br \/>\nce qui constitue une bonne source de revenus.<br \/>\nLe professionnel est salari\u00e9, mais il jouit aussi<br \/>\ndes profits de la boutique du professionnel, qui<br \/>\nvend les b\u00e2tons, souliers, v\u00eatements, etc.<\/p>\n<p>Le ruisseau Wascana serpente \u00e0 travers la<br \/>\nportion est du site de 122 acres, alors que 36\u00a0%<br \/>\ndu parcours occupe une zone d\u2019\u00e9vacuation<br \/>\ndes crues. En 2011, une inondation<br \/>\nd\u00e9vastatrice est survenue et une autre, en<br \/>\n2013, a caus\u00e9 des dommages. Il y a 18 trous<br \/>\nainsi que deux tr\u00e8s courts trous \u00e0 normale 3,<br \/>\nun parcours de pratique et un petit terrain<br \/>\nd\u2019exercice. Le parcours est d\u2019une longueur de<br \/>\n6\u00a0468 verges, avec une normale de 71, une<br \/>\n\u00e9valuation pente de 133 et une \u00e9valuation<br \/>\ndu parcours de 71,8. C\u2019est un parcours qui<br \/>\npr\u00e9sente plusieurs d\u00e9fis. Le chalet, sans \u00e9tage<br \/>\net faisant 8\u00a0918 pieds carr\u00e9s, a \u00e9t\u00e9 construit<br \/>\nen 2001. On trouve \u00e9galement sur les lieux<br \/>\ndes b\u00e2timents d\u2019entreposage et d\u2019entretien.<\/p>\n<p>REVENUS ET D\u00c9PENSES EN 2015<br \/>\nL\u2019ann\u00e9e 2015 a \u00e9t\u00e9 particuli\u00e8rement<br \/>\nbonne, avec 33\u00a0000 rondes de golf jou\u00e9es.<br \/>\nOn a compt\u00e9 les rondes selon le nombre<br \/>\nde personnes qui ont frapp\u00e9 un coup<br \/>\nde d\u00e9part, qu\u2019elles aient termin\u00e9 ou non<br \/>\nleur ronde. Il y a eu 198 jours de golf, en<br \/>\ntenant compte des jours o\u00f9 le temps ne<br \/>\npermettait pas de jouer. Les revenus de<br \/>\nla salle \u00e0 manger et du bar comprenaient<br \/>\ndes activit\u00e9s telles mariages, r\u00e9ceptions,<br \/>\ntournois de golf de non-membres, etc.<\/p>\n<p>REVENU BRUT<br \/>\nFrais d\u2019adh\u00e9sion                       1 428 793 $<br \/>\nDroits de jeu 319 392 $<br \/>\nFrais d\u2019am\u00e9lioration du parcours 119 255 $<br \/>\nVoiturettes (apr\u00e8s d\u00e9penses) 142 246 $<br \/>\nDivers                 102 047 $<br \/>\nRevenu total                                2 111 733 $<\/p>\n<p>Salle \u00e0 manger (SAM) et bar : 1 135 318 $<br \/>\nventes brutes (et 62 023 $ nettes)<br \/>\nRevenu total  3 247 051 $<\/p>\n<p>Revenu, incluant net de SAM + bar 2 173 756 $<\/p>\n<p>Frais d\u2019exploitation  1 738 462 $<\/p>\n<p>Revenu net    435 294 $<\/p>\n<p>\u00a0<br \/>\nNOTES<br \/>\n\u2022 Les frais d\u2019exploitation comprennent <\/p>\n<p>l\u2019entretien du parcours, l\u2019administration, les<br \/>\nd\u00e9penses g\u00e9n\u00e9rales du chalet et les d\u00e9penses<br \/>\npour les services de golf.<\/p>\n<p>\u2022 Le revenu net est sup\u00e9rieur \u00e0 celui des trois<br \/>\nann\u00e9es pr\u00e9c\u00e9dentes, qui allait de 369\u00a0826\u00a0$<br \/>\n\u00e0 407\u00a0873\u00a0$. On pourrait faire valoir que le<br \/>\nrevenu net moyen des quatre ann\u00e9es devrait<br \/>\nservir \u00e0 l\u2019\u00e9valuation.<\/p>\n<p>\u2022 L\u2019ann\u00e9e 2011 a vu la grande inondation et<br \/>\nun revenu moyen de seulement 254\u00a0689\u00a0$.<br \/>\nL\u2019ann\u00e9e 2013 a \u00e9galement connu une<br \/>\ninondation, alors que le revenu moyen n\u2019\u00e9tait<br \/>\nque de 369\u00a0826 $, malgr\u00e9 une baisse de taxe<br \/>\nfonci\u00e8re consentie sp\u00e9cialement au club pour<br \/>\nl\u2019inondation de 2011.<\/p>\n<p>\u2022 Le revenu net de 13,4 % du brut est<br \/>\nl\u00e9g\u00e8rement inf\u00e9rieur au ratio de 17,6 % d\u2019un<br \/>\nautre parcours de golf priv\u00e9 (mais exploit\u00e9<br \/>\ncomme organisme \u00e0 but non lucratif ) \u00e0<br \/>\nl\u2019ext\u00e9rieur de Regina.<\/p>\n<p>ET SI LE CLUB \u00c9TAIT EXPLOIT\u00c9<br \/>\nCOMME UNE COMPAGNIE \u00c0 BUT LUCRATIF ?<br \/>\n\u2022 L\u2019ann\u00e9e 2015 a \u00e9t\u00e9 exceptionnelle, avec <\/p>\n<p>33\u00a0000 rondes de golf. \u00c0 la lumi\u00e8re <\/p>\n<p>PAR PETER LAWREK, AACI, P.APP, FELLOW (EN COLLABORATION AVEC LE SOUS-COMIT\u00c9 D\u2019APPEL DE L\u2019ICE)<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201626 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>de l\u2019information locale, 30\u00a0000<br \/>\nrondes repr\u00e9senteraient une moyenne<br \/>\nannuelle r\u00e9aliste.<\/p>\n<p>\u2022 Le droit de jeu sur les parcours municipaux<br \/>\nlocaux est de 48,50 $. Les droits de jeu<br \/>\npublics au Royal Regina sont de 90 $, ou de<br \/>\n60 $ pour l\u2019invit\u00e9 d\u2019un membre.<\/p>\n<p>\u2022 Calculons 30\u00a0000 rondes x 60\u00a0$ en<br \/>\ndroits de jeu = 1,8 million\u00a0$. Ajoutons<br \/>\n150\u00a0000\u00a0$ de revenus pour les voiturettes,<br \/>\nce qui est l\u00e9g\u00e8rement sup\u00e9rieur au revenu<br \/>\nnet pour 2015.<\/p>\n<p>\u2022 Le revenu brut total g\u00e9n\u00e9r\u00e9 par le golf serait<br \/>\nde 1\u00a0950\u00a0000 $, ce qui est inf\u00e9rieur au revenu<br \/>\nr\u00e9el pour 2015. Selon ces donn\u00e9es et des<br \/>\ndiscussions avec d\u2019autres personnes, il semble<br \/>\nque le club ne produirait pas plus de revenus<br \/>\ns\u2019il \u00e9tait priv\u00e9 et \u00e0 but lucratif. Il serait<br \/>\ndifficile d\u2019augmenter le revenu des aliments et<br \/>\nboissons en raison de l\u2019emplacement \u00e9loign\u00e9.<br \/>\nLa boutique du professionnel pourrait<br \/>\ng\u00e9n\u00e9rer plus de revenu, mais il s\u2019agit d\u2019un<br \/>\nsegment de march\u00e9 concurrentiel offrant de<br \/>\nfaibles marges de profit.<\/p>\n<p>\u2022 La plupart des \u00e9valuateurs consult\u00e9s<br \/>\npensaient qu\u2019une r\u00e9serve pour remplacements<br \/>\ndevrait \u00eatre ajout\u00e9e comme une d\u00e9pense.<br \/>\n\u00c0\u00a0titre de comparaison, dans les \u00e9valuations<br \/>\nd\u2019h\u00f4tels, on utilise habituellement une<br \/>\nr\u00e9serve pour remplacements, qui serait<br \/>\nde 3-5 %. Il serait appropri\u00e9 d\u2019avoir une<br \/>\nr\u00e9serve pour remplacements (\u00e9quipement,<br \/>\nvoiturettes, etc.) et pour am\u00e9liorations du<br \/>\nparcours. R\u00e9sultat de la discussion\u00a0: une<br \/>\nallocation de 50\u00a0000 $, ou 1,5 % du revenu<br \/>\nbrut pour 2015, est raisonnable.<br \/>\n\u00a0<\/p>\n<p>FINANCEMENT<br \/>\nUn pr\u00eateur local indique ce qui suit\u00a0:<br \/>\nRatio pr\u00eat-valeur\u00a0: 50-65\u00a0%, avec amortissement<br \/>\nde 10-15 ans, selon la force de l\u2019emprunteur.<\/p>\n<p>Taux d\u2019int\u00e9r\u00eat\u00a0:\u00a04,25-4,75\u00a0%. Les parcours<br \/>\nde golf courent davantage de risques, surtout \u00e0<br \/>\ncause de la m\u00e9t\u00e9o et parce qu\u2019ils ne contractent<br \/>\npas des pr\u00eats ordinaires.<\/p>\n<p>Ces options de financement ne sont pas<br \/>\naussi favorables que des biens immobiliers<br \/>\ncommerciaux de bonne qualit\u00e9, qui<br \/>\nobtiendraient normalement un ratio pr\u00eat-valeur<br \/>\nde 75 %, un amortissement de 2025\u00a0ans et un<br \/>\ntaux d\u2019int\u00e9r\u00eat de moins de 4 %.<\/p>\n<p>TAUX DE CAPITALISATION<br \/>\nET VALEUR MARCHANDE<br \/>\nLe Royal Regina Golf Club court un grand<br \/>\nrisque d\u2019inondation. Quand le gouvernement<br \/>\ndu Canada a vendu le terrain au club, le<br \/>\ncontrat de vente comprenait une clause<br \/>\ndonnant au gouvernement le premier droit<br \/>\nd\u2019achat. Les occupants de la GRC, sur le<br \/>\nterrain adjacent, s\u2019objecteraient probablement <\/p>\n<p>\u00e0 toute utilisation r\u00e9sidentielle. Consid\u00e9rant<br \/>\nle risque d\u2019inondation et la proximit\u00e9 de la<br \/>\nligne de chemin de fer principale de CFCP<br \/>\net de l\u2019a\u00e9roport, le terrain vis\u00e9 ne serait pas<br \/>\nid\u00e9al pour un d\u00e9veloppement r\u00e9sidentiel.<br \/>\nLe\u00a0financement disponible pour les parcours<br \/>\nde golf est moins favorable que d\u2019autres<br \/>\ninvestissements.<\/p>\n<p>\u00c0 Regina, le taux de capitalisation pour<br \/>\nles h\u00f4tels \u00e0 services limit\u00e9s approcherait les<br \/>\n10\u00a0%. On s\u2019entend pour dire qu\u2019un parcours<br \/>\nde golf comme le Royal Regina repr\u00e9sente un<br \/>\nrisque plus \u00e9lev\u00e9.<\/p>\n<p>Suite aux \u00e9changes tenus avec deux<br \/>\ninvestisseurs\/promoteurs locaux et avec des<br \/>\n\u00e9valuateurs situ\u00e9s \u00e0 l\u2019\u00e9chelle du Canada,<br \/>\nil semble qu\u2019un taux de capitalisation de<br \/>\n12\u00a0% serait appropri\u00e9. Les \u00e9valuateurs du<br \/>\npays rapportent un taux de 9-16\u00a0% pour<br \/>\nles parcours de golf, selon l\u2019emplacement,<br \/>\nla\u00a090qualit\u00e9, etc.<\/p>\n<p>Ainsi donc\u00a0: 2015, revenu net de<br \/>\n435\u00a0294\u00a0$, moins 50\u00a0000\u00a0$ de r\u00e9serve<br \/>\npour remplacements = 385\u00a0294\u00a0$\/12 % =<br \/>\n3\u00a0210\u00a0783\u00a0$.<\/p>\n<p>M\u00c9THODE DE COMPARAISON DIRECTE<br \/>\nCette m\u00e9thode pourrait \u00eatre ajout\u00e9e, en<br \/>\nfonction du prix de vente compar\u00e9 par<br \/>\ntrou. Toutefois, dans ce cas, il existe une<br \/>\nseule vente comparable locale disponible et<br \/>\nla propri\u00e9t\u00e9 s\u2019est vendue avec un terrain \u00e0<br \/>\nd\u00e9velopper. Si l\u2019on applique la m\u00e9thode, les<br \/>\nmeilleures donn\u00e9es comparables devraient<br \/>\n\u00eatre des parcours de golf similaires, en<br \/>\ntenant compte de facteurs comme s\u2019ils<br \/>\nsont publics ou priv\u00e9s, s\u2019ils apportent<br \/>\nd\u2019importants revenus d\u2019autres sources que<br \/>\nle golf (telles banquets, politique de droit<br \/>\nde jeu avec voiturette seulement, divers frais<br \/>\nde club non li\u00e9s aux op\u00e9rations golf ), s\u2019ils<br \/>\nont un chalet et des installations d\u2019entretien<br \/>\nsimilaires et, enfin, si les actifs servant \u00e0<br \/>\nl\u2019exploitation appartiennent au club ou s\u2019ils<br \/>\nsont lou\u00e9s \u00e0 bail.<\/p>\n<p>L\u2019information fournie par les<br \/>\n\u00e9valuateurs au Canada nous permet de<br \/>\nrapporter ce qui suit\u00a0:<\/p>\n<p>Le sentiment g\u00e9n\u00e9ral veut que les parcours<br \/>\nde golf situ\u00e9s dans les grands centres urbains<br \/>\nse vendent pour la valeur du terrain, en<br \/>\nraison des forts prix immobiliers. Beaucoup<br \/>\nde parcours secondaires ne font pas d\u2019argent,<br \/>\nou en font tr\u00e8s peu. Les prix de vente seront<br \/>\nsouvent plus \u00e9lev\u00e9s dans des march\u00e9s comme<br \/>\nToronto et Vancouver, car on pourra acheter<br \/>\nun terrain pas seulement pour le revenu<br \/>\nqu\u2019il procure. G\u00e9n\u00e9ralement, les demandes<br \/>\nd\u2019achat sont rares pour les parcours de<br \/>\ngolf qui n\u2019offrent pas de possibilit\u00e9s de<br \/>\nd\u00e9veloppement.<\/p>\n<p>M\u00c9THODE DU CO\u00dbT<br \/>\nCe type de contrat de service requiert souvent<br \/>\nque l\u2019on \u00e9value un terrain. Dans le cas pr\u00e9sent,<br \/>\nl\u2019utilisation optimale du terrain est plus<br \/>\ncompliqu\u00e9e en l\u2019absence possible de services<br \/>\npour un d\u00e9veloppement r\u00e9sidentiel qui, en<br \/>\nplus de l\u2019espace de stationnement, serait la<br \/>\nseule utilisation alternative \u00e0 l\u2019expansion des<br \/>\ninstallations de la GRC. Il faut aussi garder \u00e0<br \/>\nl\u2019esprit que 36\u00a0% du terrain se trouve en zone<br \/>\ninondable. Et plus important encore, comme<br \/>\nnous l\u2019avons d\u00e9j\u00e0 vu, le gouvernement a le<br \/>\npremier droit de refus de racheter le terrain<br \/>\npour seulement 200\u00a0000\u00a0$. L\u2019approbation du<br \/>\ngouvernement du Canada est \u00e9galement requise<br \/>\npour \u00e9riger des enseignes ou des b\u00e2timents, ou<br \/>\npour modifier les contours du terrain.<\/p>\n<p>L\u2019emploi du co\u00fbt non amorti pour \u00e9valuer<br \/>\nles am\u00e9liorations est extr\u00eamement difficile dans<br \/>\nl\u2019\u00e9valuation des parcours de golf. Dans le march\u00e9<br \/>\nactuel, les co\u00fbts d\u00e9passent largement les prix<br \/>\nr\u00e9cents des quelques transactions visant des<br \/>\nparcours de golf que l\u2019on peut analyser. Cette<br \/>\nm\u00e9thode ne serait valide que si l\u2019on pouvait<br \/>\nestimer exactement la d\u00e9su\u00e9tude \u00e9conomique<br \/>\npour expliquer la diff\u00e9rence entre le co\u00fbt et le<br \/>\nprix de vente, en fonction du revenu potentiel.<\/p>\n<p>En Saskatchewan, les biens immobiliers<br \/>\nsont r\u00e9\u00e9valu\u00e9s tous les quatre ans. L\u2019\u00e9valuation<br \/>\nactuelle du terrain vis\u00e9 est de 5\u00a0184\u00a0400\u00a0$,<br \/>\navec des taxes fonci\u00e8res de 90\u00a0168\u00a0$ pour<br \/>\n2016. L\u2019\u00e9valuation repose d\u2019abord sur la valeur<br \/>\ndu terrain lui-m\u00eame, puis, en consultant le<br \/>\nmanuel d\u2019\u00e9valuation, on accorde une valeur<br \/>\nadditionnelle pour le co\u00fbt des verts, des all\u00e9es, de<br \/>\nl\u2019eau souterraine, etc. De leur c\u00f4t\u00e9, les b\u00e2timents<br \/>\nsont \u00e9valu\u00e9s \u00e0 l\u2019aide du co\u00fbt non amorti.<\/p>\n<p>Aussi, en Saskatchewan, des \u00e9valuations<br \/>\nimmobili\u00e8res sp\u00e9cifiques n\u2019ont aucun poids dans<br \/>\nles causes en appel, car l\u2019estimation se fonde sur<br \/>\nl\u2019\u00e9valuation de masse. En outre, l\u2019\u00e9valuation du<br \/>\nterrain vis\u00e9 a \u00e9t\u00e9 port\u00e9e en appel parce que 36\u00a0%<br \/>\ndu terrain se trouve dans une zone d\u2019\u00e9vacuation<br \/>\ndes crues et, par cons\u00e9quent, on devrait employer<br \/>\nune valeur de terrain moins \u00e9lev\u00e9e. L\u2019appel a<br \/>\n\u00e9chou\u00e9 parce que l\u2019estimateur n\u2019avait pas de<br \/>\nventes de terrains inondables \u00e0 utiliser.<\/p>\n<p>Une r\u00e9\u00e9valuation g\u00e9n\u00e9rale est pr\u00e9vue pour<br \/>\n2017-2020 et l\u2019estimation sera plus \u00e9lev\u00e9e. Il<br \/>\nsemble qu\u2019en 2016, le Royal Regina Golf Club<br \/>\nait pay\u00e9 34\u00a0000\u00a0$ de plus en taxes fonci\u00e8res, \u00e0<br \/>\ncause d\u2019une \u00e9valuation de taxes fonci\u00e8res plus<br \/>\n\u00e9lev\u00e9e. La valeur estim\u00e9e est un bon exemple<br \/>\nde la fa\u00e7on dont la m\u00e9thode du co\u00fbt peut<br \/>\nmener \u00e0 une \u00e9valuation incorrecte.<\/p>\n<p>CONCLUSION<br \/>\nLes parcours de golf sont difficiles \u00e0 \u00e9valuer.<br \/>\nNous recommandons fortement de demander<br \/>\nl\u2019aide d\u2019autres \u00e9valuateurs et de propri\u00e9taires\/<br \/>\ndirecteurs de parcours de golf.\u00a0<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 27Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>A PROFESSIONAL APPRAISER\u2019S PERSPECTIVE<\/p>\n<p>D arrell Thorvaldson, AACI, P.App has been the president and owner of Thorvaldson Appraisal Ltd.<br \/>\nin Winnipeg since 2004. He earned his<br \/>\ndesignation from the Appraisal Institute of<br \/>\nCanada (AIC) in 2003; was the Institute\u2019s<br \/>\nCounsellor, Professional Practice from 2011<br \/>\nto 2012; served on a variety of provincial and<br \/>\nnational committees dating back to 1999;<br \/>\nand became a National Director on the<br \/>\nAIC\u2019s Board in 2015. Throughout his long<br \/>\nand distinguished career, Darrell has been<br \/>\nan active participant in ongoing professional<br \/>\ndevelopment, most recently taking a number<br \/>\nof courses in machinery and equipment<br \/>\nvaluation offered by the American Society<br \/>\nof Appraisers (ASA). Having diversified his<br \/>\npractice into this challenging and rewarding<br \/>\nfield, he presented on this topic at the AIC<br \/>\n2016 Annual Conference in Winnipeg and<br \/>\nshared his perspective on the subject with<br \/>\nCanadian Property Valuation.<\/p>\n<p>What prompted you to<br \/>\ndiversify your practice into<br \/>\nthe area of machinery and<br \/>\nequipment valuation?<br \/>\nDT: I began my career appraising<br \/>\nresidential property and then continued<br \/>\nto move into commercial, industrial,<br \/>\nagricultural and other types of special<br \/>\npurpose properties. In the valuation<br \/>\nprofession, at one time or another, we<br \/>\nhave all fielded requests for assignments to<br \/>\nappraise different property types. Over\u00a0a<br \/>\nperiod of many years, I had repeated<br \/>\nrequests from clients to appraise their <\/p>\n<p>machinery and equipment as well as their<br \/>\nland and buildings. This accelerated to<br \/>\nthe point where I decided that I was no<br \/>\nlonger going to say that, \u201cI can appraise<br \/>\nthe land and buildings, but I cannot do the<br \/>\nequipment for you.\u201d  <\/p>\n<p>Our Canadian Uniform Standards of<br \/>\nProfessional Appraisal Practice (CUSPAP)<br \/>\nrequire analysis on the effect of any<br \/>\npersonal property when it is necessary,<br \/>\nand I decided to open that door further to<br \/>\nbegin the journey towards gaining more<br \/>\ncompetency in this very vast field. It has<br \/>\nbeen part of a natural progression for me<br \/>\nto continue to diversify.  <\/p>\n<p>What specific types of machinery<br \/>\nand equipment can be involved<br \/>\nin this type of appraisal?<br \/>\nDT: Diversity is the exciting part of the<br \/>\nmachinery and equipment appraisal field.<br \/>\nThe typical machinery and equipment<br \/>\nclasses include production machinery and<br \/>\nsupport equipment, which usually represents<br \/>\na large percentage of a typical plant. An<br \/>\nindustrial centrifuge and a milling machine<br \/>\nare examples of this. Motor control centres<br \/>\nand switchgears is another classification that<br \/>\nalso includes foundations and platforms<br \/>\nto support the equipment. Process piping<br \/>\nis a classification in the appraisal of<br \/>\nmanufacturing assets that are involved in<br \/>\nfood processing or chemical manufacturing,<br \/>\nfor example. Rolling stock includes such<br \/>\nthings as tractors, trucks, cranes, loaders and<br \/>\nother equipment not licensed for road use.<br \/>\nLicensed vehicles include material handling <\/p>\n<p>DARRELL THORVALDSON<br \/>\nON APPRAISING MACHINERY  <\/p>\n<p>AND EQUIPMENT<\/p>\n<p>&laquo;&nbsp;INTERVIEWING OWNERS,<br \/>\nPLANT PERSONNEL, <\/p>\n<p>MAINTENANCE ENGINEERS<br \/>\nAND EQUIPMENT <\/p>\n<p>MECHANICAL PERSONNEL<br \/>\nIS A CRITICAL PART IN <\/p>\n<p>THE VALUATION PROCESS,<br \/>\nAND IT IS IMPORTANT TO<br \/>\nGAIN THEIR CONFIDENCE <\/p>\n<p>BY DEMONSTRATING THAT<br \/>\nYOU KNOW WHAT THEY<br \/>\nARE TALKING ABOUT.&nbsp;&raquo;<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201628 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>A PROFESSIONAL APPRAISER\u2019S PERSPECTIVE<\/p>\n<p>delivery trucks and trailers. Laboratory and<br \/>\ntest equipment includes a wide range of<br \/>\nspecialized operational equipment such as<br \/>\nspectographs. Construction-in-progress<br \/>\n(a machine being installed), permanent and<br \/>\nperishable tools, as well as office furniture,<br \/>\nfixtures and equipment may be included in<br \/>\nsome assignments. There are also specialty<br \/>\nmachinery and equipment types including<br \/>\naircraft and inventory.  <\/p>\n<p>In what situations or for<br \/>\nwhat organizations would the<br \/>\nvaluation of machinery and<br \/>\nequipment be required?<br \/>\nDT: Appraisals are needed for a variety<br \/>\nof reasons by almost every type of<br \/>\norganization. Typical intended uses include<br \/>\nownership transfer, management (internal<br \/>\nfinancial) considerations, financing,<br \/>\nleasing, insurable value determination,<br \/>\npurchase price allocation, assisting with<br \/>\na liquidation value estimate for business<br \/>\ninsolvency, dissolution of corporations\/<br \/>\npartnerships\/marriage, tax planning and<br \/>\nestate planning. For these reasons and<br \/>\nmore, many companies, accounting firms,<br \/>\nfinancial institutions and individuals<br \/>\nrequire the services of a machinery<br \/>\nand equipment appraiser, as do public<br \/>\norganizations, such as regional health<br \/>\nauthorities, universities and colleges, crown<br \/>\ncorporations and government departments. <\/p>\n<p>How would you describe the<br \/>\nprocess involved in valuing<br \/>\nmachinery and equipment?<br \/>\nDT: The basic valuation process for<br \/>\nappraising machinery and equipment is<br \/>\nnot much different from the appraisal<br \/>\nof real property. Generally speaking,<br \/>\nthe steps include defining the problem,<br \/>\ndetermining the relevant definition of<br \/>\nvalue, identifying the property, collecting<br \/>\nthe data, conducting the valuation analysis<br \/>\n(including the approaches to value), and<br \/>\nreconciling with the final estimate of value.<br \/>\nHowever, while the actual processes are<br \/>\nsimilar to those involved in real estate<br \/>\nappraisal, there are differences in the<br \/>\nspecific methodologies.  <\/p>\n<p>What are some of the<br \/>\ndifferences from appraising<br \/>\nother types of property?<br \/>\nDT: The challenge with machinery and<br \/>\nequipment valuation is that an appraiser<br \/>\nshould thoroughly research the industry<br \/>\nbefore the actual site visit. Interviewing<br \/>\nowners, plant personnel, maintenance<br \/>\nengineers and equipment mechanical<br \/>\npersonnel is a critical part in the valuation<br \/>\nprocess, and it is important to gain their<br \/>\nconfidence by demonstrating that you know<br \/>\nwhat they are talking about. <\/p>\n<p>Locating sales information and market<br \/>\ndata is also a very difficult and critical aspect<br \/>\nof machinery and equipment appraisal.<br \/>\nReal\u00a0estate sales are registered with provincial<br \/>\nland titles offices and registries, as well as<br \/>\nlocal real estate boards. However, machinery<br \/>\nand equipment sales are obtained through<br \/>\nreliable databases, current offerings, and<br \/>\nindependently verified transactions occurring<br \/>\nthrough public and private sales, auctions,<br \/>\ndealers and manufacturers.   <\/p>\n<p>Aggregation of assets is another concept<br \/>\nthat is distinct from real estate appraisal in<br \/>\nthat a significant number of specific assets<br \/>\nmay be grouped together in the analysis,<br \/>\ndepending on the scope of work and terms<br \/>\nof reference. An example would include a<br \/>\nsimplified asset description shown in the<br \/>\nreport as \u20181 lot of power tools.\u2019 This all <\/p>\n<p>depends on the scope of work requirement<br \/>\nand the need to strike a balance to achieve<br \/>\nnecessary detail.  <\/p>\n<p>Are there different degrees<br \/>\nof complexity in valuing<br \/>\nthese types of assets?<br \/>\nDT: Definitely. What may seem to be a simple<br \/>\nassignment could, in fact, be the most time-<br \/>\nconsuming and complex. For example, the<br \/>\nvaluation of a newly purchased autoclave to<br \/>\nestablish fair market value could become very<br \/>\ncomplex when the appraiser, after following<br \/>\nthe AIC Machinery and Equipment Appraisal<br \/>\nStandard Rules and Comments in CUSPAP<br \/>\n2016, realizes that provincial regulations<br \/>\ngoverning minimum standards for this<br \/>\nparticular piece of equipment have changed<br \/>\nand that the equipment no longer meets<br \/>\nminimum standards necessary to complete its<br \/>\noriginally intended use. The\u00a0estimate of fair<br \/>\nmarket value could approach liquidation value<br \/>\nin this circumstance.  <\/p>\n<p>Elements of comparability can be<br \/>\nvery complicated, as the subject may<br \/>\nhave accessories and features, capacities,<br \/>\nconditions and chronological\/effective<br \/>\nages that are quite different from other<br \/>\nexchanged assets. Markets may be local,<br \/>\nprovincial, national or international and<br \/>\nappraisers must be familiar with the<br \/>\napplicable market.  <\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 29Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>Estimating physical depreciation,<br \/>\nfunctional obsolescence and economic<br \/>\nobsolescence in the world of machinery<br \/>\nand equipment is never straightforward<br \/>\nand must always be approached with<br \/>\nthe understanding that complexities can<br \/>\nquickly become geometric in nature. <\/p>\n<p>Other examples of machinery and<br \/>\nequipment complexities can range from as<br \/>\nnarrow as determining the authenticity of<br \/>\nan individual asset being appraised, to as<br \/>\nwide as valuing an entire manufacturing<br \/>\noperation or process plant.  <\/p>\n<p>Are there specific standards<br \/>\nof practice relative to valuing<br \/>\nmachinery and equipment?<br \/>\nDT: On May 1, 2016, the AIC added<br \/>\nthe Machinery and Equipment Appraisal<br \/>\nStandard to CUSPAP 2016, with specific<br \/>\nDefinitions, Rules, Comments and Practice<br \/>\nNotes. This new standard enables compe-<br \/>\ntent and qualified AIC-designated Members<br \/>\nto expand their scope of practice to include<br \/>\nmachinery and equipment appraisal assign-<br \/>\nments. This is a comprehensive standard<br \/>\nwith 23 Rules and 21 Comments that must<br \/>\nbe addressed in every appraisal report.<\/p>\n<p>What are the biggest challenges<br \/>\nan appraiser might face in carrying<br \/>\nout this type of assignment?<br \/>\nDT: One of the biggest challenges tends to<br \/>\nbe the discussion that flows immediately<br \/>\nafter the client has explained the circum-<br \/>\nstances and the need for a valuation. Some<br \/>\ncircumstances may be typical, but others<br \/>\ncertainly are unique and the engagement of<br \/>\nthe assignment may demand a specific defi-<br \/>\nnition of value. For example, there could be<br \/>\na circumstance where Fair Market Value-In<br \/>\nContinued Use reasonably applies, whereas<br \/>\nanother requires Orderly Liquidation Value.  <\/p>\n<p>Another challenge is learning how to<br \/>\nidentify and list assets through macro-iden-<br \/>\ntification procedures, such as summariz-<br \/>\ning part of a process plant or batch plant<br \/>\ninvolving a number of complex equipment<br \/>\ncomponents forming an assembly line into<br \/>\none identifiable line in the appraisal report,<br \/>\nand also micro-identification procedures <\/p>\n<p>involving brand names, model numbers, serial<br \/>\nnumbers, power types and dimensions. <\/p>\n<p>This type of appraisal can also be<br \/>\nchallenging when assets cannot be inspected<br \/>\nfor a variety of valid reasons, such as being<br \/>\nlocated in a remote or hazardous area.<br \/>\nThe appraiser must rely on the client\u2019s<br \/>\ninformation and clearly explain in the<br \/>\nreport how these assets were accounted for.<br \/>\nThe\u00a0AIC Machinery and Equipment Appraisal<br \/>\nStandard addresses these situations.<\/p>\n<p>Is this now a significant part of<br \/>\nyour practice or do you anticipate<br \/>\nit being so in the future?<br \/>\nDT: It is definitely a growing part of my<br \/>\npractice and, based on the requests I receive<br \/>\nfrom the marketplace, I see nothing that<br \/>\nwould prevent me from continuing to<br \/>\nexpand and diversify in this area.  <\/p>\n<p>Can you offer any suggestions<br \/>\nas to where appraisers would<br \/>\nsource this type of work?<br \/>\nDT: There are many industry sectors<br \/>\nrequiring this expertise, and not only<br \/>\nfor financing, investment, or subsequent<br \/>\ndisposal of surplus property. Legal counsel,<br \/>\naccountants and business leaders can all have<br \/>\noccasion to seek out qualified and competent<br \/>\nmachinery and equipment appraisers.  <\/p>\n<p>If AIC members want to expand their<br \/>\npractice into valuing machinery<br \/>\nand equipment, how should they<br \/>\ngo about acquiring the necessary<br \/>\nknowledge and skillset?<br \/>\nDT: The University of British Columbia<br \/>\noffers a continuing professional development<br \/>\n(CPD) course entitled CPD 118 Machinery<br \/>\nand Equipment Valuation. This is a great<br \/>\nintroductory course for anyone thinking<br \/>\nabout diversifying his or her practice.<br \/>\nIt\u00a0introduces the concepts and techniques to<br \/>\nreal property appraisers. <\/p>\n<p>As well, the AIC has now partnered<br \/>\nwith the world authority in machinery and<br \/>\nequipment education \u2013 the American Society<br \/>\nof Appraisers (ASA) \u2013 to offer a machinery<br \/>\nand equipment educational program to AIC<br \/>\nmembers (Note: see the sidebar to this article). <\/p>\n<p>There has never been a better time for<br \/>\nAACIs, CRAs and Candidate members of the<br \/>\nAIC to acquire the necessary knowledge from<br \/>\nthese courses and work towards competency in<br \/>\nthis challenging and rewarding field. <\/p>\n<p>AIC and ASA launch education<br \/>\npartnership for machinery<br \/>\nand equipment appraisals<br \/>\nOn June 6, 2016, the American Society<br \/>\nof Appraisers (ASA) and the Appraisal<br \/>\nInstitute of Canada (AIC) announced<br \/>\na new educational partnership that will<br \/>\nenable AIC members to acquire the<br \/>\ncompetency to complete machinery<br \/>\nand equipment appraisal assignments in<br \/>\nCanada. The ASA is offering its highly<br \/>\nrecognized education program, the<br \/>\nMachinery and Equipment Valuation<br \/>\nProgram, to AIC members at the same<br \/>\nASA member-discounted price.<\/p>\n<p>This comprehensive education program<br \/>\nincludes four courses, including:<\/p>\n<p>\u2022 ME201-000 \u2013 Introduction to<br \/>\nMachinery and Equipment Valuation;<\/p>\n<p>\u2022 ME202-000 \u2013 Machinery and<br \/>\nEquipment Valuation Methodology;<\/p>\n<p>\u2022 ME203-000 \u2013 Advanced Topics<br \/>\nand Case Studies;<\/p>\n<p>\u2022 ME204-000 \u2013 Machinery and<br \/>\nEquipment Valuation \u2013 Advanced<br \/>\nTopics and Report Writing.<\/p>\n<p>Need more information?<br \/>\n\u2022 E-mail the AIC at info@AICanada.ca<br \/>\n\u2022 For a copy of Frequently Asked <\/p>\n<p>Questions, please visit<br \/>\nwww.aicanada.ca\/wp-content\/uploads\/<br \/>\nQA_ASA_and_AIC-2016-06-01.pdf.<\/p>\n<p>\u2022 Visit the American Society of Appraisers\u2019<br \/>\nwebsite at http:\/\/www.appraisers.org.\u00a0<\/p>\n<p>\u2022 For more information about<br \/>\nASA\u2019s Machinery &#038; Equipment<br \/>\nValuation Program, please visit<br \/>\nhttp:\/\/www.appraisers.org\/Disciplines\/<br \/>\nMachinery-Technical-Specialties.<\/p>\n<p>\u2022 For a copy of CUSPAP 2016,<br \/>\nplease visit http:\/\/www.aicanada.ca\/<br \/>\nwp-content\/uploads\/CUSPAP-2016-<br \/>\nENG-2016-07-06.pdf.<\/p>\n<p>A PROFESSIONAL APPRAISER\u2019S PERSPECTIVE<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201630 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mailto:info@AICanada.ca<br \/>\nhttp:\/\/www.aicanada.ca\/wp-content\/uploads\/QA_ASA_and_AIC-2016-06-01.pdf<br \/>\nhttp:\/\/www.appraisers.org<br \/>\nhttp:\/\/www.appraisers.org\/Disciplines\/Machinery-Technical-Specialties<br \/>\nhttp:\/\/www.aicanada.ca\/wp-content\/uploads\/CUSPAP-2016-ENG-2016-07-06.pdf<\/p>\n<p>POINT DE VUE D\u2019UN \u00c9VALUATEUR PROFESSIONNEL<\/p>\n<p>\u00ab IL EST ESSENTIEL,<br \/>\nDANS LE PROCESSUS <\/p>\n<p>D\u2019\u00c9VALUATION,<br \/>\nD\u2019INTERROGER LES <\/p>\n<p>PROPRI\u00c9TAIRES,<br \/>\nLE PERSONNEL DE <\/p>\n<p>L\u2019USINE, LES PR\u00c9POS\u00c9S<br \/>\n\u00c0 L\u2019ENTRETIEN ET <\/p>\n<p>LES TECHNICIENS EN<br \/>\nM\u00c9CANIQUE ET IL EST <\/p>\n<p>IMPORTANT DE GAGNER<br \/>\nLEUR CONFIANCE EN <\/p>\n<p>D\u00c9MONTRANT QUE<br \/>\nVOUS COMPRENEZ DE<br \/>\nQUOI ILS PARLENT. \u00bb <\/p>\n<p>D arrell Thorvaldson, AACI, P.App est pr\u00e9sident et propri\u00e9taire de Thorvaldson Appraisal Ltd. \u00e0<br \/>\nWinnipeg depuis 2004. Il a obtenu sa<br \/>\nd\u00e9signation de l\u2019Institut canadien des<br \/>\n\u00e9valuateurs (ICE) en 2003, a \u00e9t\u00e9 conseiller<br \/>\nde l\u2019Institut en Pratique professionnelle en<br \/>\n2011 et 2012, a si\u00e9g\u00e9 sur divers comit\u00e9s<br \/>\nprovinciaux et nationaux \u00e0 partir de<br \/>\n1999 et est devenu membre du Conseil<br \/>\nd\u2019administration de l\u2019ICE en 2015. Tout<br \/>\nau long de sa longue et distingu\u00e9e carri\u00e8re,<br \/>\nDarrell a particip\u00e9 activement \u00e0 son<br \/>\nperfectionnement professionnel. C\u2019est ainsi<br \/>\nque, tout r\u00e9cemment, il a suivi des cours<br \/>\nen \u00e9valuation de machinerie et \u00e9quipement<br \/>\nofferts par l\u2019American Society of Appraisers<br \/>\n(ASA). Ayant diversifi\u00e9 sa pratique dans ce<br \/>\ndomaine exigeant et gratifiant, il a donn\u00e9 un<br \/>\nexpos\u00e9 sur ce sujet \u00e0 la Conf\u00e9rence annuelle<br \/>\nde 2016 de l\u2019ICE \u00e0 Winnipeg et a \u00e9labor\u00e9<br \/>\nsa perspective \u00e0 ce sujet avec \u00c9valuation<br \/>\nimmobili\u00e8re au Canada.<\/p>\n<p>Qu\u2019est-ce qui vous a incit\u00e9 \u00e0<br \/>\ndiversifier votre pratique dans<br \/>\nle domaine de l\u2019\u00e9valuation de la<br \/>\nmachinerie et de l\u2019\u00e9quipement?<br \/>\nDT : J\u2019ai commenc\u00e9 ma carri\u00e8re comme<br \/>\n\u00e9valuateur r\u00e9sidentiel avant de passer \u00e0<br \/>\nl\u2019\u00e9valuation de propri\u00e9t\u00e9s commerciales,<br \/>\nindustrielles, agricoles et autres. Dans notre<br \/>\nprofession d\u2019\u00e9valuateur, nous avons tous \u00e9t\u00e9<br \/>\nsollicit\u00e9s, \u00e0 un moment donn\u00e9, pour \u00e9valuer<br \/>\ndivers types de propri\u00e9t\u00e9s. Pendant plusieurs<br \/>\nann\u00e9es, des clients m\u2019ont demand\u00e9 d\u2019\u00e9valuer<br \/>\nleur machinerie et \u00e9quipement, en plus de <\/p>\n<p>leurs terrains et b\u00e2timents. Ces demandes r\u00e9p\u00e9t\u00e9es<br \/>\nse sont acc\u00e9l\u00e9r\u00e9es \u00e0 un tel point que j\u2019ai d\u00e9cid\u00e9<br \/>\nque je ne r\u00e9pondrais plus\u00a0: \u00ab Je peux \u00e9valuer le<br \/>\nterrain et les b\u00e2timents, mais je ne peux \u00e9valuer<br \/>\nvotre \u00e9quipement. \u00bb <\/p>\n<p>Nos Normes uniformes de pratique<br \/>\nprofessionnelle en mati\u00e8re d\u2019\u00e9valuation au Canada<br \/>\n(NUPPEC) exigent une analyse de l\u2019effet de tout<br \/>\nbien personnel quand c\u2019est n\u00e9cessaire et j\u2019ai d\u00e9cid\u00e9<br \/>\nd\u2019ouvrir cette porte et d\u2019entreprendre la d\u00e9marche<br \/>\nn\u00e9cessaire pour \u00e9largir mes comp\u00e9tences dans<br \/>\nce tr\u00e8s vaste domaine. Cette d\u00e9marche s\u2019inscrit<br \/>\nnaturellement dans ma strat\u00e9gie de diversification. <\/p>\n<p>Quels types de machinerie et<br \/>\nd\u2019\u00e9quipement peuvent faire l\u2019objet<br \/>\nde ce genre d\u2019\u00e9valuation?<br \/>\nDT : La diversit\u00e9 est l\u2019aspect le plus int\u00e9ressant<br \/>\ndu domaine d\u2019\u00e9valuation de la machinerie et<br \/>\nde l\u2019\u00e9quipement. Les classes de machinerie et<br \/>\nd\u2019\u00e9quipement les plus courantes comprennent<br \/>\nla machinerie de production et l\u2019\u00e9quipement<br \/>\nde soutien qui repr\u00e9sentent normalement un<br \/>\npourcentage \u00e9lev\u00e9 d\u2019une usine typique. Une<br \/>\ncentrifugeuse industrielle et une machine \u00e0<br \/>\nfraiser en sont de bons exemples. Les centres<br \/>\nde commandes des moteurs et les appareillages<br \/>\nde connexion forment une autre cat\u00e9gorie qui<br \/>\ncomprend \u00e9galement les assises et plateformes<br \/>\nn\u00e9cessaires pour supporter ces \u00e9quipements.<br \/>\nLa tuyauterie industrielle est une cat\u00e9gorie<br \/>\nd\u2019\u00e9valuation de biens de fabrication, notamment<br \/>\ndans les domaines de l\u2019alimentation et la<br \/>\nfabrication de produits chimiques. Le mat\u00e9riel<br \/>\nroulant comprend des appareils tels les tracteurs,<br \/>\ncamions, grues, chargeuses et autres v\u00e9hicules non<br \/>\nautoris\u00e9s sur les routes. Les v\u00e9hicules immatricul\u00e9s <\/p>\n<p>DARRELL THORVALDSON<br \/>\nSUR L\u2019\u00c9VALUATION DE LA <\/p>\n<p>MACHINERIE ET DE L\u2019\u00c9QUIPEMENT<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 31Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>POINT DE VUE D\u2019UN \u00c9VALUATEUR PROFESSIONNEL<\/p>\n<p>comprennent les camions et remorques<br \/>\nde livraison de mat\u00e9riel. L\u2019\u00e9quipement de<br \/>\nlaboratoire et d\u2019essai comprend une vaste<br \/>\ngamme de mat\u00e9riel op\u00e9rationnel sp\u00e9cialis\u00e9<br \/>\ntels les spectrographes. Certains contrats<br \/>\nde service peuvent inclure l\u2019\u00e9valuation de<br \/>\nmat\u00e9riel en construction (une machine en<br \/>\ncours d\u2019installation), d\u2019outils permanents<br \/>\net p\u00e9rissables, ainsi que d\u2019ameublement,<br \/>\naccessoires et \u00e9quipements de bureau.<br \/>\nIl existe \u00e9galement des types sp\u00e9cialis\u00e9s de<br \/>\nmachinerie et d\u2019\u00e9quipement, y compris les<br \/>\na\u00e9ronefs et inventaires. <\/p>\n<p>Dans quelles situations ou pour<br \/>\nquels organismes l\u2019\u00e9valuation de<br \/>\nla machinerie et de l\u2019\u00e9quipement<br \/>\npeut-elle \u00eatre requise?<br \/>\nDT : Presque tous les types d\u2019organismes ont<br \/>\nbesoin, pour diverses raisons, d\u2019une \u00e9valuation.<br \/>\nLes utilisations pr\u00e9vues comprennent<br \/>\nnormalement le transfert de titre, les<br \/>\nconsid\u00e9rations de gestion (finances internes), le<br \/>\nfinancement, la location \u00e0 bail, la d\u00e9termination<br \/>\nde la valeur assurable, l\u2019allocation du prix<br \/>\nd\u2019achat, l\u2019aide dans l\u2019\u00e9tablissement d\u2019une<br \/>\nestimation de la valeur de liquidation dans le cas<br \/>\nd\u2019insolvabilit\u00e9 d\u2019une entreprise, la dissolution de<br \/>\nsoci\u00e9t\u00e9s\/partenariats\/mariages, la planification<br \/>\nfiscale et la planification successorale. C\u2019est<br \/>\npour ces raisons, entre autres, que bon nombre<br \/>\nde soci\u00e9t\u00e9s, cabinets comptables, institutions<br \/>\nfinanci\u00e8res et individus font appel aux services<br \/>\nd\u2019un \u00e9valuateur de machinerie et d\u2019\u00e9quipement,<br \/>\ntout comme les organismes publics tels les<br \/>\ncoll\u00e8ges et universit\u00e9s, les r\u00e9gies r\u00e9gionales de<br \/>\nla sant\u00e9, les soci\u00e9t\u00e9s d\u2019\u00c9tat et les minist\u00e8res<br \/>\ngouvernementaux. <\/p>\n<p>Comment d\u00e9crivez-vous le<br \/>\nprocessus utilis\u00e9 en \u00e9valuation<br \/>\nde machinerie et \u00e9quipement?<br \/>\nDT : Le processus de base en \u00e9valuation de<br \/>\nmachinerie et d\u2019\u00e9quipement n\u2019est pas tr\u00e8s<br \/>\ndiff\u00e9rent de celui utilis\u00e9 pour l\u2019\u00e9valuation d\u2019un<br \/>\nbien r\u00e9el. En g\u00e9n\u00e9ral, la d\u00e9marche comporte<br \/>\nles \u00e9tapes suivantes\u00a0: d\u00e9finition du probl\u00e8me,<br \/>\nchoix de la d\u00e9finition de valeur pertinente,<br \/>\nidentification du bien, collecte des donn\u00e9es,<br \/>\nanalyse d\u2019\u00e9valuation (y compris les m\u00e9thodes<br \/>\nd\u2019\u00e9valuation) et la conciliation avec l\u2019estimation <\/p>\n<p>finale de la valeur. Toutefois, bien que les<br \/>\nproc\u00e9d\u00e9s utilis\u00e9s correspondent \u00e0 ceux<br \/>\nutilis\u00e9s en \u00e9valuation immobili\u00e8re, les<br \/>\nm\u00e9thodes sp\u00e9cifiques diff\u00e8rent. <\/p>\n<p>Quelles sont les principales<br \/>\ndiff\u00e9rences par rapport aux<br \/>\nautres types de biens?<br \/>\nDT : En \u00e9valuation de machinerie et<br \/>\n\u00e9quipement, le d\u00e9fi consiste \u00e0 proc\u00e9der \u00e0<br \/>\nune \u00e9tude approfondie de l\u2019industrie avant<br \/>\nde proc\u00e9der \u00e0 la visite. Il est essentiel, dans<br \/>\nle processus d\u2019\u00e9valuation, d\u2019interroger les<br \/>\npropri\u00e9taires, le personnel de l\u2019usine, les<br \/>\npr\u00e9pos\u00e9s \u00e0 l\u2019entretien et les techniciens en<br \/>\nm\u00e9canique et il est important de gagner<br \/>\nleur confiance en d\u00e9montrant que vous<br \/>\ncomprenez de quoi ils parlent. <\/p>\n<p>Le rep\u00e9rage des renseignements de vente<br \/>\net des donn\u00e9es du march\u00e9 est \u00e9galement un<br \/>\naspect tr\u00e8s difficile et critique de l\u2019\u00e9valuation<br \/>\nde machinerie et d\u2019\u00e9quipement. Les ventes<br \/>\nd\u2019immeubles sont consign\u00e9es dans les<br \/>\nbureaux provinciaux d\u2019enregistrement des<br \/>\ntitres fonciers, ainsi que dans les dossiers<br \/>\ndes chambres immobili\u00e8res locales. Par<br \/>\ncontre, les donn\u00e9es de ventes de machinerie<br \/>\net d\u2019\u00e9quipement sont obtenues de bases<br \/>\nde donn\u00e9es fiables, des prix courants<br \/>\ndu march\u00e9 et des transactions v\u00e9rifi\u00e9es<br \/>\nind\u00e9pendamment des ventes publiques<br \/>\net priv\u00e9es, ench\u00e8res, concessionnaires<br \/>\net fabricants. <\/p>\n<p>L\u2019agr\u00e9gation des biens est un autre<br \/>\nconcept qui se distingue de l\u2019\u00e9valuation de<br \/>\nbiens r\u00e9els parce qu\u2019un grand nombre de<br \/>\nbiens peuvent \u00eatre regroup\u00e9s dans l\u2019analyse,<br \/>\nd\u00e9pendamment de la port\u00e9e et du mandat<br \/>\ndu travail. Un exemple serait la description<br \/>\nsimplifi\u00e9e d\u2019un bien apparaissant dans un<br \/>\nrapport comme \u00ab 1 lot d\u2019outils \u00e9lectriques\u00a0\u00bb.<br \/>\nTout d\u00e9pend de la port\u00e9e du travail<br \/>\ndemand\u00e9 et du besoin de trouver un juste<br \/>\n\u00e9quilibre quant aux d\u00e9tails \u00e0 donner. <\/p>\n<p>Y a-t-il diff\u00e9rents degr\u00e9s de<br \/>\ncomplexit\u00e9 dans l\u2019\u00e9valuation<br \/>\nde ce type de biens?<br \/>\nDT : Certainement. Ce qui peut sembler<br \/>\n\u00eatre un contrat de service tr\u00e8s simple peut<br \/>\ns\u2019av\u00e9rer un travail long et complexe.  <\/p>\n<p>Par exemple, l\u2019\u00e9valuation d\u2019un autoclave achet\u00e9<br \/>\nr\u00e9cemment afin d\u2019en \u00e9tablir la juste valeur<br \/>\nmarchande pourrait devenir tr\u00e8s complexe<br \/>\nsi l\u2019\u00e9valuateur, apr\u00e8s avoir suivi les R\u00e8gles et<br \/>\ncommentaires de la norme relative \u00e0 l\u2019 \u00e9valuation<br \/>\nde machinerie et d\u2019 \u00e9quipement de l\u2019ICE dans<br \/>\nles NUPPEC 2016, constate que les r\u00e8glements<br \/>\nprovinciaux r\u00e9gissant les normes minimales<br \/>\npour cette pi\u00e8ce d\u2019\u00e9quipement ont chang\u00e9<br \/>\net que l\u2019\u00e9quipement ne satisfait plus aux<br \/>\nnormes minimales n\u00e9cessaires \u00e0 l\u2019ex\u00e9cution de<br \/>\nl\u2019utilisation pr\u00e9vue \u00e0 l\u2019origine. La juste valeur<br \/>\nmarchande pourrait correspondre, en pareilles<br \/>\ncirconstances, \u00e0 la valeur de liquidation. <\/p>\n<p>Les \u00e9l\u00e9ments de comparaison peuvent \u00eatre<br \/>\ntr\u00e8s compliqu\u00e9s parce que le bien en objet peut<br \/>\ncomporter des accessoires et caract\u00e9ristiques,<br \/>\ncapacit\u00e9s, \u00e9tats de fonctionnement et \u00e2ges<br \/>\nchronologiques\/r\u00e9els qui sont passablement<br \/>\ndiff\u00e9rents des autres biens \u00e9chang\u00e9s. Les march\u00e9s<br \/>\npeuvent \u00eatre de nature locale, provinciale,<br \/>\nnationale ou internationale et les \u00e9valuateurs<br \/>\ndoivent \u00eatre au courant du march\u00e9 applicable. <\/p>\n<p>L\u2019estimation de la d\u00e9pr\u00e9ciation physique et de<br \/>\nla d\u00e9su\u00e9tude fonctionnelle et \u00e9conomique dans<br \/>\nle domaine de la machinerie et de l\u2019\u00e9quipement<br \/>\nn\u2019est jamais simple et doit toujours \u00eatre abord\u00e9e<br \/>\ndans l\u2019optique que chaque probl\u00e8me peut avoir<br \/>\ndes r\u00e9percussions g\u00e9om\u00e9triques. <\/p>\n<p>D\u2019autres exemples de complexit\u00e9s dans le<br \/>\ndomaine de la machinerie et de l\u2019\u00e9quipement<br \/>\npeuvent aller du tr\u00e8s sp\u00e9cifique comme la<br \/>\nn\u00e9cessit\u00e9 d\u2019\u00e9tablir l\u2019authenticit\u00e9 d\u2019un bien<br \/>\ndonn\u00e9 au tr\u00e8s g\u00e9n\u00e9ral comme l\u2019\u00e9valuation de<br \/>\ntoute une op\u00e9ration de fabrication ou une<br \/>\nusine de transformation. <\/p>\n<p>Existe-t-il des normes de pratiques<br \/>\nsp\u00e9cifiques \u00e0 l\u2019\u00e9valuation de la<br \/>\nmachinerie et de l\u2019\u00e9quipement?<br \/>\nDT : Oui, le 1er mai 2016, l\u2019ICE a ajout\u00e9 la<br \/>\nNorme relative \u00e0 l\u2019\u00e9valuation de machinerie et<br \/>\nd\u2019\u00e9quipement aux NUPPEC 2016, assortie de<br \/>\nD\u00e9finitions, R\u00e8gles, Commentaires et Notes<br \/>\nrelative \u00e0 la pratique. Cette nouvelle norme<br \/>\npermet aux membres d\u00e9sign\u00e9s de l\u2019ICE qui<br \/>\nposs\u00e8dent les comp\u00e9tences et qualifications<br \/>\nrequises d\u2019\u00e9largir leur port\u00e9e de pratique<br \/>\nde mani\u00e8re \u00e0 inclure les contrats de service<br \/>\nen mati\u00e8re d\u2019\u00e9valuation de machinerie<br \/>\net d\u2019\u00e9quipement. Il s\u2019agit d\u2019une norme <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201632 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>compl\u00e8te comprenant 23 r\u00e8gles<br \/>\net 21 commentaires qui doivent<br \/>\n\u00eatre abord\u00e9s dans chaque rapport<br \/>\nd\u2019\u00e9valuation aff\u00e9rent. <\/p>\n<p>Quels sont les plus grands<br \/>\nd\u00e9fis que doivent surmonter les<br \/>\n\u00e9valuateurs qui entreprennent<br \/>\nce genre de contrat de service?<br \/>\nDT : Un des plus grands d\u00e9fis<br \/>\nsurvient lors de la discussion qui<br \/>\nsuit imm\u00e9diatement l\u2019explication<br \/>\npar le client des circonstances et du<br \/>\nbesoin d\u2019une \u00e9valuation. Certaines<br \/>\ncirconstances peuvent \u00eatre ordinaires,<br \/>\nmais d\u2019autres sont certainement<br \/>\nuniques et la n\u00e9gociation du contrat de<br \/>\nservice peut certes exiger une d\u00e9finition<br \/>\nde valeur sp\u00e9cifique. Par exemple,<br \/>\ncertaines circonstances peuvent<br \/>\ninvoquer l\u2019application de la juste valeur<br \/>\nmarchande en utilisation continue alors<br \/>\nque d\u2019autres peuvent exiger l\u2019utilisation<br \/>\nde la valeur de liquidation ordonn\u00e9e. <\/p>\n<p>Un autre d\u00e9fi est de savoir<br \/>\ncomment identifier et dresser la<br \/>\nliste des biens, soit par proc\u00e9dures<br \/>\nde macro-identification consistant<br \/>\n\u00e0 r\u00e9sumer une partie d\u2019une usine de<br \/>\ntransformation ou d\u2019une centrale<br \/>\nde dosage constitu\u00e9e de divers<br \/>\ncomposants de mat\u00e9riel complexe<br \/>\nformant une cha\u00eene de montage de<br \/>\nmani\u00e8re \u00e0 tenir sur une ligne dans<br \/>\nle rapport d\u2019\u00e9valuation, soit par<br \/>\nproc\u00e9dures de micro-identification<br \/>\nrelevant les noms de marque,<br \/>\nnum\u00e9ros de mod\u00e8le, num\u00e9ros<br \/>\nde s\u00e9rie, types et dimensions. <\/p>\n<p>Ce type d\u2019\u00e9valuation peut aussi \u00eatre<br \/>\ndifficile quand les biens ne peuvent \u00eatre<br \/>\ninspect\u00e9s pour diverses raisons valables,<br \/>\nnotamment parce qu\u2019ils se trouvent dans<br \/>\ndes endroits difficiles d\u2019acc\u00e8s ou dans<br \/>\ndes zones dangereuses. L\u2019\u00e9valuateur doit<br \/>\nalors se fier aux renseignements fournis<br \/>\npar le client et expliquer clairement dans<br \/>\nson rapport comment ces biens ont<br \/>\n\u00e9t\u00e9 comptabilis\u00e9s. La Norme relative \u00e0<br \/>\nl\u2019\u00e9valuation de machinerie et d\u2019\u00e9quipement<br \/>\nde l\u2019ICE traite de ces situations.<\/p>\n<p>Ces \u00e9valuations sont-elles<br \/>\nun aspect important de votre<br \/>\npratique ou pr\u00e9voyez-vous<br \/>\nqu\u2019elles le seront \u00e0 l\u2019avenir?<br \/>\nDT : C\u2019est assur\u00e9ment une partie de plus<br \/>\nen plus importante de ma pratique et,<br \/>\nsi je me fie aux demandes que je re\u00e7ois<br \/>\ndu march\u00e9, je ne vois pas ce qui pourrait<br \/>\nfreiner l\u2019expansion et la diversification de<br \/>\nma pratique dans ce domaine. <\/p>\n<p>Avez-vous des suggestions<br \/>\nsur comment trouver du<br \/>\ntravail dans ce domaine?<br \/>\nDT : De nombreux secteurs de l\u2019industrie ont<br \/>\nbesoin de cette expertise, non seulement pour<br \/>\nle financement, l\u2019investissement ou l\u2019ali\u00e9nation<br \/>\nsubs\u00e9quente de biens exc\u00e9dentaires. Les<br \/>\nconseillers juridiques, comptables et dirigeants<br \/>\nd\u2019entreprises peuvent tous, \u00e0 l\u2019occasion, avoir<br \/>\nbesoin des services d\u2019\u00e9valuateurs qualifi\u00e9s et<br \/>\ncomp\u00e9tents en machinerie et \u00e9quipement. <\/p>\n<p>Si les membres de l\u2019ICE d\u00e9sirent<br \/>\n\u00e9largir leur pratique en \u00e9valuation<br \/>\nde machinerie et d\u2019\u00e9quipement,<br \/>\ncomment devraient-ils proc\u00e9der<br \/>\npour acqu\u00e9rir les connaissances<br \/>\net comp\u00e9tences n\u00e9cessaires?<br \/>\nDT : L\u2019Universit\u00e9 de la Colombie-Britannique<br \/>\noffre un cours de perfectionnement<br \/>\nprofessionnel continu (PPC) intitul\u00e9 CPD<br \/>\n118 Machinery and Equipment Valuation.<br \/>\nC\u2019est un excellent cours d\u2019introduction pour<br \/>\nceux qui songent \u00e0 \u00e9largir leur pratique dans<br \/>\nce domaine. Le cours pr\u00e9sente les concepts<br \/>\net techniques aux \u00e9valuateurs immobiliers. <\/p>\n<p>De plus, l\u2019ICE est maintenant en<br \/>\npartenariat avec l\u2019autorit\u00e9 mondiale<br \/>\nen enseignement de l\u2019\u00e9valuation de<br \/>\nmachinerie et d\u2019\u00e9quipement \u2013 l\u2019American<br \/>\nSociety of Appraisers (ASA) \u2013 qui offre<br \/>\nun programme d\u2019\u00e9tudes en machinerie et<br \/>\n\u00e9quipement aux membres de l\u2019ICE<br \/>\n(Note\u00a0: plus de d\u00e9tails dans l\u2019encart). <\/p>\n<p>Le moment n\u2019a jamais \u00e9t\u00e9 mieux<br \/>\nchoisi pour les AACI, CRA et stagiaires<br \/>\nde l\u2019ICE d\u2019acqu\u00e9rir les connaissances<br \/>\nn\u00e9cessaires dispens\u00e9es par ces cours et<br \/>\nde d\u00e9velopper les comp\u00e9tences dans ce<br \/>\ndomaine exigeant et gratifiant. <\/p>\n<p>L\u2019ICE et l\u2019ASA lancent un partenariat<br \/>\nd\u2019\u00e9ducation en \u00e9valuation de<br \/>\nmachinerie et \u00e9quipement<br \/>\nLe 6 juin 2016, l\u2019American Society of<br \/>\nAppraisers (ASA) et l\u2019Institut canadien<br \/>\ndes \u00e9valuateurs (ICE) annon\u00e7aient<br \/>\nla cr\u00e9ation d\u2019un nouveau partenariat<br \/>\n\u00e9ducatif permettant aux membres<br \/>\nde l\u2019ICE d\u2019acqu\u00e9rir les comp\u00e9tences<br \/>\nleur permettant de s\u2019acquitter des<br \/>\ncontrats de service en \u00e9valuation<br \/>\nde machinerie et d\u2019\u00e9quipement au<br \/>\nCanada. L\u2019ASA offre son programme<br \/>\nd\u2019\u00e9ducation reconnu, le Machinery<br \/>\nand Equipment Valuation Program,<br \/>\naux membres de l\u2019ICE au m\u00eame prix<br \/>\nen rabais que les membres de l\u2019ASA.<br \/>\nCe programme d\u2019\u00e9ducation complet<br \/>\ncomprend les quatre cours suivants :<br \/>\n\u2022 ME201-000 \u2013 Introduction <\/p>\n<p>to Machinery and Equipment<br \/>\nValuation;<\/p>\n<p>\u2022 ME202-000 \u2013 Machinery and<br \/>\nEquipment Valuation Methodology;<\/p>\n<p>\u2022 ME203-000 \u2013 Advanced Topics and<br \/>\nCase Studies;<\/p>\n<p>\u2022 ME204-000 \u2013 Machinery and<br \/>\nEquipment Valuation \u2013 Advanced<br \/>\nTopics and Report Writing.<\/p>\n<p>Pour de plus amples renseignements\u00a0:<br \/>\n\u2022 Courriel \u00e0 l\u2019ICE info@AICanada.ca<br \/>\n\u2022 Pour obtenir un exemplaire de la  <\/p>\n<p>foire aux questions, consultez :<br \/>\nwww.aicanada.ca\/wp-content\/uploads\/<br \/>\nQA_ASA_and_AIC-2016-06-01.pdf.<\/p>\n<p>\u2022 Visitez le site Web de l\u2019American<br \/>\nSociety of Appraisers \u00e0 ce lien :<br \/>\nhttp:\/\/www.appraisers.org<\/p>\n<p>\u2022 Pour de plus amples renseignements<br \/>\nau sujet du Machinery &#038; Equipment<br \/>\nValuation Program de l\u2019ASA, consultez :<br \/>\nhttp:\/\/www.appraisers.org\/Disciplines\/<br \/>\nMachinery-Technical-Specialties<\/p>\n<p>\u2022 Pour obtenir un exemplaire des<br \/>\nNUPPEC 2016, veuillez visiter :  <\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"uGCCgbueRv\"><p><a href=\"https:\/\/www.aicanada.ca\/\">Home<\/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;Home&#8221; &#8212; Appraisal Institute of Canada\" src=\"https:\/\/www.aicanada.ca\/embed\/#?secret=UJRZuEfYiL#?secret=uGCCgbueRv\" data-secret=\"uGCCgbueRv\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><br \/>\nwp-content\/uploads\/CUSPAP-<br \/>\n2016-FRE-2016-07-06.pdf.<\/p>\n<p>POINT DE VUE D\u2019UN \u00c9VALUATEUR PROFESSIONNEL<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 33Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mailto:info@AICanada.ca<br \/>\nhttp:\/\/www.aicanada.ca\/wp-content\/uploads\/QA_ASA_and_AIC-2016-06-01.pdf<br \/>\nhttp:\/\/www.appraisers.org<br \/>\nhttp:\/\/www.appraisers.org\/Disciplines\/Machinery-Technical-Specialties<br \/>\nhttp:\/\/www.aicanada.ca\/wp-content\/uploads\/CUSPAP-2016-FRE-2016-07-06.pdf<\/p>\n<p>PROFESSIONAL PRACTICE MATTERS<\/p>\n<p>CUSPAP 2016<br \/>\nB Y  D A R R E L L  T H O R V A L D S O N ,  A A C I  P . A P P<\/p>\n<p>V OLUN T EER CH A IR ,  S TA NDA RD S COMMI T T EE<\/p>\n<p>T he Appraisal Institute of Canada (AIC) continues to be at the forefront of the changing trends facing our valuation profession.<br \/>\nProviding Members with the tools they<br \/>\nneed to uphold public trust is a key<br \/>\npriority. We are the leading valuation<br \/>\norganization in Canada and are well<br \/>\nrespected internationally because our<br \/>\nMembers understand the importance of<br \/>\nmaintaining strong standards. The AIC<br \/>\nwants to make sure that all Members are<br \/>\nequipped with relevant and up-to-date<br \/>\nstandards so that they can serve their<br \/>\nclients well and maintain our role in<br \/>\npreserving public trust.<\/p>\n<p>The AIC Standards Sub-Committee<br \/>\n(SSC) has had its members\u2019 noses<br \/>\nto the grindstone over the past two<br \/>\nyears working very hard to fulfill the<br \/>\ncommittee\u2019s mandate of establishing<br \/>\nand improving the standards of<br \/>\nprofessional appraisal practice. After a<br \/>\nthorough consultative and participatory<br \/>\nprocess with the Membership, the<br \/>\nprofessional practice committee\/sub-<br \/>\ncommittees, and feedback received<br \/>\nduring the three well-attended Canadian<br \/>\nUniform Standards of Professional<br \/>\nAppraisal Practice (CUSPAP) webinars,<br \/>\nthe SSC made over 90 individual updates<br \/>\nthat both clarify and further improve<br \/>\nthe standards of professional appraisal<br \/>\npractice. Once the standards were<br \/>\napproved by the AIC Board of Directors,<br \/>\nCUSPAP 2016 came into effect on<br \/>\nMay\u00a01, 2016. Here are a few highlights:<\/p>\n<p>The new Machinery and<br \/>\nEquipment Appraisal Standard<br \/>\nClearly the biggest change to CUSPAP<br \/>\n2016 is the addition of the Machinery<br \/>\nand Equipment Appraisal Standard.<br \/>\nThe introduction of this new standard<br \/>\naligns with the past expansion of<br \/>\nCUSPAP, and the Competency provision<br \/>\napplies if Members choose to practice<br \/>\nin this specialized area. The definition<br \/>\nof Competency was modified slightly<br \/>\nin CUSPAP 2016 and can be found<br \/>\nin Sections 2.14, 4.3.7, 5.11 and 16.8.<br \/>\nThis new standard is a reflection of the<br \/>\nBoard\u2019s ongoing commitment to creating<br \/>\nopportunities for AIC Members to expand<br \/>\ntheir practice. <\/p>\n<p>Real Property Appraisal<br \/>\nStandard \u2013 renamed<br \/>\nA related change is the renaming of the<br \/>\nAppraisal Standard to the Real Property<br \/>\nAppraisal Standard, since Machinery<br \/>\nand Equipment is a type of personal<br \/>\nproperty. Thereby, the application of<br \/>\nthe Definitions, Rules, Comments and<br \/>\nPractice Notes relating to valuation now<br \/>\nmust distinguish real property from<br \/>\npersonal property.<\/p>\n<p>Extraordinary Assumptions<br \/>\nReal Property Appraisal Standard Comment<br \/>\n7.9 clarifies that an Extraordinary<br \/>\nAssumption is required when a hypothesis<br \/>\ncould materially alter the opinions or<br \/>\nconclusions of a report. In other words,<br \/>\nit is not necessary to include a long list <\/p>\n<p>\u201cAFTER A THOROUGH<br \/>\nCONSULTATIVE AND <\/p>\n<p>PARTICIPATORY PROCESS\u2026<br \/>\nTHE STANDARDS  <\/p>\n<p>SUB-COMMITTEE MADE<br \/>\nOVER 90 INDIVIDUAL <\/p>\n<p>UPDATES THAT BOTH<br \/>\nCLARIFY AND FURTHER <\/p>\n<p>IMPROVE THE STANDARDS<br \/>\nOF PROFESSIONAL <\/p>\n<p>APPRAISAL PRACTICE.\u201d<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201634 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>PROFESSIONAL PRACTICE MATTERS<\/p>\n<p>of assumptions that are typically required<br \/>\nin completing a report \u2013 only important<br \/>\nassumptions. Further, Standard Comment<br \/>\n7.9.2 requires that the Extraordinary<br \/>\nAssumption be either stated in its entirety<br \/>\nor reference provided to its exact location<br \/>\nwithin the report. This ensures clarity and<br \/>\ntransparency and will reduce any potential<br \/>\nmisunderstanding by the reader.  <\/p>\n<p>Client and intended user<br \/>\nOne other important change for 2016<br \/>\nis the definition and application of the<br \/>\nrules for naming the intended user of an<br \/>\nassignment. The change requires intended<br \/>\nusers to be identified by name. Members<br \/>\nmust determine and identify the specific<br \/>\nparties that will rely on their assignment<br \/>\nresults. In other words, if the name of the<br \/>\nother intended user(s) is (are) not known<br \/>\nat the time the assignment is completed,<br \/>\nthe client is named as the intended user. <\/p>\n<p>Prior to CUSPAP 2016, the intended<br \/>\nuser could be identified by name or by<br \/>\ntype. For 2016, the definition of intended<br \/>\nuser has eliminated \u2018or type\u2019 in the<br \/>\nidentification of the intended user \u2013 \u2018by<br \/>\ntype\u2019 is no longer permitted. This is an<br \/>\nimportant change to the standard, as it<br \/>\nreinforces that the AIC Member\u2019s duty of<br \/>\ncare is specific in providing professional<br \/>\nservice. Identifying the intended user as<br \/>\n\u2018first mortgage lender\u2019 does not comply<br \/>\nwith CUSPAP 2016, however, \u2018ABC Bank<br \/>\nand no other user\u2019 does comply. We are<br \/>\nemphasizing to our clients and identified<br \/>\nintended users that no one else can rely<br \/>\non our professional service without our<br \/>\nknowledge and consent. Further, as AIC<br \/>\nMembers, we control where liability is<br \/>\nextended, thereby protecting the AIC<br \/>\nProfessional Liability Insurance Program.  <\/p>\n<p>The definition of client has been<br \/>\nimproved in CUSPAP 2016. Definition<br \/>\n2.13 defines Client as follows: \u201cThe client<br \/>\nis the individual or organization for whom<br \/>\nthe Member renders professional services.<br \/>\nThe client is typically the intended user<br \/>\nof the assignment.\u201d No other individual<br \/>\nor entity can rely on the Member\u2019s report<br \/>\nunless they are authorized by the client, <\/p>\n<p>and clearly identified by name and in<br \/>\nwriting, by the Member.  <\/p>\n<p>Highest and best use<br \/>\nCUSPAP 2016 requires the Member to<br \/>\ndefine, analyze and resolve the highest<br \/>\nand best use (HBU). Real Property<br \/>\nAppraisal Standard Comment 7.13.3<br \/>\nrequires an analysis of highest and best<br \/>\nuse, and it is not enough to simply<br \/>\ninclude a definition and then state the<br \/>\nHBU. Reports must include a reasonable<br \/>\nanalysis to support the reasoning.  <\/p>\n<p>Land use controls<br \/>\nThe change to Real Property Appraisal<br \/>\nStandard Comment 7.11.2 requires<br \/>\nreports to reasonably support the<br \/>\nimminence or probability of a land use<br \/>\nchange, if the HBU is for a land use<br \/>\nchange (e.g., rezoning or redevelopment). <\/p>\n<p>Certification Statements<br \/>\nThe Certification Statement requirements<br \/>\nhave also changed for 2016, although<br \/>\nnot significantly. The changes are noted<br \/>\nin Appendix B as: \u201cEnhanced wording<br \/>\naround personal interest, conflict,<br \/>\nbias, competence and the requirement<br \/>\nto include a statement regarding<br \/>\nrelevant dates and the conclusion.\u201d<br \/>\nEach standard has a certification<br \/>\ntemplate Members can use, based on<br \/>\nthe professional service provided.  <\/p>\n<p>In other words, there are wording<br \/>\nchanges in a number of the Certification<br \/>\nclauses that appear in the Comments<br \/>\nsection of each practice standard.<br \/>\nMembers are encouraged to copy and<br \/>\npaste the pertinent Certification from<br \/>\nCUSPAP into their reports, to ensure the<br \/>\nmost up to date wording.<\/p>\n<p>Draft reports<br \/>\nCUSPAP 2016 also contains expanded<br \/>\nadvice on draft reports. These changes<br \/>\ncome under the Responsibility section<br \/>\nof the Practice Note 16.38, which itself<br \/>\nwas expanded to consolidate advice on<br \/>\ntechnical assistance and a few other topics.<br \/>\nThe recommended practices for draft <\/p>\n<p>reports appear in Practice Note 16.38.11,<br \/>\nand include six recommendations for<br \/>\nMembers to consider.<\/p>\n<p>Review Standard<br \/>\nThe Review Standard has been modified<br \/>\nfor 2016. The changes increase the focus<br \/>\nin a review report on the scope of work<br \/>\nwithin the report under review (see<br \/>\nReview Comment 8.28). The rule requires<br \/>\nan opinion of whether the scope of work<br \/>\nin the report under review is appropriate,<br \/>\nand whether it was executed properly.<br \/>\nIn addition, the requirement to form an<br \/>\nopinion of the reasonableness of opinions<br \/>\nand conclusions has been expanded to<br \/>\nrequire the reviewer to state whether,<br \/>\nin their opinion, the report is suitable<br \/>\nfor reliance by the intended user for the<br \/>\nintended use for which it was prepared.<\/p>\n<p>Practice Notes<br \/>\nAdditions have been made to the Practice<br \/>\nNotes (Section 16), where a much broader<br \/>\nand more comprehensive number of<br \/>\nexamples have been added to demonstrate<br \/>\nhow the standards are intended to work.  <\/p>\n<p>For a complete list of changes,<br \/>\nsee CUSPAP 2016 at Section 19 \u2013<br \/>\nAppendix B.  <\/p>\n<p>Professional practice<br \/>\nseminar update<br \/>\nWhile the professional practice seminar has<br \/>\nbeen a great tool in describing changes to<br \/>\nthe rules in past cycles, many Members wait<br \/>\nuntil the last few months in the Continuing<br \/>\nProfessional Development cycle before<br \/>\nattending the seminar. The launch of the<br \/>\nnew seminar is expected in the fall of 2016<br \/>\nand Members will find it to be meaningful,<br \/>\ninteractive and enjoyable. The AIC wants<br \/>\nto provide Members with an insightful<br \/>\nand tangible learning opportunity that will<br \/>\nencourage open discussion on CUSPAP and<br \/>\nsituational case studies.  <\/p>\n<p>For any questions on CUSPAP, its<br \/>\napplication or interpretation, Members<br \/>\ncan contact Nathalie Roy-Patenaude, AIC<br \/>\nDirector-Counsellor, Professional Practice<br \/>\nat nathalier@aicanada.ca. <\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 35Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mailto:nathalier@aicanada.ca<\/p>\n<p>PARLONS PRATIQUE PROFESSIONNELLE<\/p>\n<p>LES NUPPEC 2016<br \/>\nP A R  D A R R E L L  T H O R V A L D S O N ,  A A C I ,  P . A P P<\/p>\n<p>PR\u00c9 SIDEN T B\u00c9N\u00c9 V OL E , COMI T \u00c9 DE S NORME S<\/p>\n<p>en mati\u00e8re d\u2019\u00e9valuation. Suite au<br \/>\nprocessus exhaustif de consultation et<br \/>\nde participation avec les membres, le<br \/>\nComit\u00e9 de pratique professionnelle et<br \/>\nsous-comit\u00e9s, et \u00e0 la r\u00e9troaction re\u00e7ue<br \/>\ndurant les trois webinaires tr\u00e8s courus sur<br \/>\nNUPPEC, le SCN a fait 90 mises \u00e0 jour<br \/>\nindividuelles qui clarifient et am\u00e9liorent<br \/>\ndavantage les normes de pratique<br \/>\nprofessionnelle en mati\u00e8re d\u2019\u00e9valuation.<br \/>\nUne fois approuv\u00e9es par le Conseil<br \/>\nd\u2019administration de l\u2019ICE, les NUPPEC<br \/>\n2016 sont entr\u00e9es en vigueur le 1er mai<br \/>\n2016. En voici quelques faits saillants :<\/p>\n<p>La nouvelle Norme relative \u00e0<br \/>\nl\u2019\u00e9valuation de la machinerie<br \/>\net de l\u2019\u00e9quipement<br \/>\nClairement, le plus important changement<br \/>\napport\u00e9 aux NUPPEC 2016 est l\u2019ajout de<br \/>\nla nouvelle Norme relative \u00e0 l\u2019\u00e9valuation<br \/>\nde la machinerie et de l\u2019\u00e9quipement.<br \/>\nL\u2019introduction de cette nouvelle norme<br \/>\ns\u2019aligne avec le prolongement pass\u00e9 des<br \/>\nNUPPEC, alors que la disposition sur<br \/>\nla comp\u00e9tence s\u2019applique si les membres<br \/>\nd\u00e9cident d\u2019exercer dans cette sp\u00e9cialit\u00e9.<br \/>\nNous avons l\u00e9g\u00e8rement modifi\u00e9 la<br \/>\nd\u00e9finition de la comp\u00e9tence dans les<br \/>\nNUPPEC 2016, que l\u2019on peut trouver aux<br \/>\narticles 2.14, 4.3.7, 5.11 et 16.8. Cette<br \/>\nnouvelle norme refl\u00e8te l\u2019engagement<br \/>\ncontinu du Conseil de cr\u00e9er des<br \/>\nopportunit\u00e9s pour les membres<br \/>\nde l\u2019ICE d\u2019\u00e9tendre leur pratique.<\/p>\n<p>Nouveau nom :<br \/>\nNormes relatives aux activit\u00e9s<br \/>\nd\u2019\u00e9valuation de biens immobiliers<br \/>\nUn changement connexe est que les <\/p>\n<p>Normes relatives aux activit\u00e9s d\u2019\u00e9valuation<br \/>\nont \u00e9t\u00e9 rebaptis\u00e9es Normes relatives<br \/>\naux activit\u00e9s d\u2019\u00e9valuation de biens<br \/>\nimmobiliers, puisque la machinerie<br \/>\net l\u2019\u00e9quipement sont un type de bien<br \/>\npersonnel. Ainsi, l\u2019application des<br \/>\nd\u00e9finitions, r\u00e8gles, commentaires et<br \/>\nnotes de pratique li\u00e9s \u00e0 l\u2019\u00e9valuation<br \/>\ndoit maintenant distinguer les biens<br \/>\nimmobiliers des biens personnels.<\/p>\n<p>Hypoth\u00e8ses extraordinaires<br \/>\nLe commentaire 7.9 des Normes<br \/>\nrelatives aux activit\u00e9s d\u2019\u00e9valuation<br \/>\nde biens immobiliers pr\u00e9cise qu\u2019une<br \/>\nhypoth\u00e8se extraordinaire est requise<br \/>\nlorsqu\u2019une hypoth\u00e8se pourrait modifier<br \/>\nconsid\u00e9rablement les opinions ou les<br \/>\nconclusions d\u2019un rapport. En d\u2019autres<br \/>\nmots, il n\u2019est pas n\u00e9cessaire d\u2019inclure<br \/>\nune longue liste d\u2019hypoth\u00e8ses qui sont<br \/>\nhabituellement requises pour compl\u00e9ter<br \/>\nun rapport, mais seulement les hypoth\u00e8ses<br \/>\nimportantes. De plus, le commentaire 7.9.2<br \/>\nrequiert que l\u2019hypoth\u00e8se extraordinaire soit<br \/>\ncit\u00e9e int\u00e9gralement ou qu\u2019une r\u00e9f\u00e9rence soit<br \/>\ndonn\u00e9e quant \u00e0 son emplacement exact<br \/>\ndans le rapport. Cela assure une limpidit\u00e9<br \/>\net une transparence qui r\u00e9duiront les<br \/>\nrisques de confusion chez le lecteur.<\/p>\n<p>Client et utilisateur pr\u00e9vu<br \/>\nUn autre changement majeur pour 2016<br \/>\nest la d\u00e9finition et l\u2019application des r\u00e8gles<br \/>\nsur l\u2019identification de l\u2019utilisateur pr\u00e9vu<br \/>\ndans un contrat de service. Maintenant,<br \/>\nles utilisateurs pr\u00e9vus doivent \u00eatre<br \/>\nidentifi\u00e9s par leur nom. Les membres<br \/>\ndoivent d\u00e9terminer et identifier les parties<br \/>\nsp\u00e9cifiques qui utiliseront les r\u00e9sultats de <\/p>\n<p>L \u2019Institut canadien des \u00e9valuateurs (ICE) continue d\u2019\u00eatre \u00e0 l\u2019avant-sc\u00e8ne des tendances changeantes qui touchent notre profession<br \/>\nd\u2019\u00e9valuateur. Fournir aux membres les<br \/>\noutils dont ils ont besoin pour garder la<br \/>\nconfiance du public est une priorit\u00e9 cl\u00e9.<br \/>\nMembres de la plus grande organisation<br \/>\nd\u2019\u00e9valuateurs au Canada, nous sommes<br \/>\ntr\u00e8s respect\u00e9s \u00e0 l\u2019\u00e9chelle mondiale parce<br \/>\nque nous comprenons l\u2019importance de<br \/>\nmaintenir des normes rigoureuses. L\u2019ICE<br \/>\nveut assurer que tous les membres soient<br \/>\n\u00e9quip\u00e9s avec des normes pertinentes et<br \/>\nmises \u00e0 jour pour bien servir leurs clients<br \/>\net pour continuer \u00e0 jouer notre r\u00f4le dans<br \/>\nla pr\u00e9servation de la confiance publique.<\/p>\n<p>Depuis deux ans, le sous-comit\u00e9<br \/>\ndes normes (SCN) de l\u2019ICE a d\u00e9ploy\u00e9<br \/>\ntous les efforts possibles pour remplir le<br \/>\nmandat du comit\u00e9 d\u2019\u00e9tablir et am\u00e9liorer<br \/>\nles normes de pratique professionnelle <\/p>\n<p>\u00ab SUITE AU PROCESSUS<br \/>\nEXHAUSTIF DE <\/p>\n<p>CONSULTATION ET DE<br \/>\nPARTICIPATION\u2026  <\/p>\n<p>LE COMIT\u00c9 DE PRATIQUE<br \/>\nPROFESSIONNELLE <\/p>\n<p>ET SOUS-COMIT\u00c9S<br \/>\nA FAIT 90 MISES \u00c0 <\/p>\n<p>JOUR INDIVIDUELLES<br \/>\nQUI CLARIFIENT ET <\/p>\n<p>AM\u00c9LIORENT DAVANTAGE<br \/>\nLES NORMES DE PRATIQUE <\/p>\n<p>PROFESSIONNELLE EN<br \/>\nMATI\u00c8RE D\u2019\u00c9VALUATION. \u00bb <\/p>\n<p>Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201636<\/p>\n<p>PARLONS PRATIQUE PROFESSIONNELLE<\/p>\n<p>leur contrat de service. Autrement dit, si le<br \/>\nnom du ou des autres utilisateurs pr\u00e9vus<br \/>\nsont inconnus \u00e0 l\u2019ach\u00e8vement du contrat<br \/>\nde service, le client sera nomm\u00e9 comme<br \/>\nutilisateur pr\u00e9vu.<\/p>\n<p>Avant les NUPPEC 2016, on pouvait<br \/>\nidentifier l\u2019utilisateur pr\u00e9vu par nom<br \/>\nou par type. En 2016, la d\u00e9finition<br \/>\nd\u2019utilisateur pr\u00e9vu a \u00e9limin\u00e9 \u2039\u00a0ou par<br \/>\ntype\u00a0\u203a pour identifier l\u2019utilisateur pr\u00e9vu<br \/>\n\u2212 \u2039 par type \u203a n\u2019est plus permis. C\u2019est un<br \/>\nchangement important \u00e0 la norme, car il<br \/>\nrenforce le devoir de diligence du membre<br \/>\nde l\u2019ICE dans sa prestation de services<br \/>\nprofessionnels. Identifier l\u2019utilisateur pr\u00e9vu<br \/>\ncomme \u2039\u00a0pr\u00eateur hypoth\u00e9caire de premier<br \/>\nrang \u203a n\u2019est pas conforme aux NUPPEC<br \/>\n2016, mais \u2039 banque ABC et nul autre<br \/>\nutilisateur\u00a0\u203a est conforme. Nous faisons<br \/>\nremarquer \u00e0 nos clients et aux utilisateurs<br \/>\npr\u00e9vus identifi\u00e9s que personne d\u2019autre ne<br \/>\npeut utiliser nos services professionnels \u00e0<br \/>\nnotre insu et sans notre consentement. En<br \/>\noutre, en tant que membres de l\u2019ICE, nous<br \/>\ncontr\u00f4lons jusqu\u2019o\u00f9 va notre responsabilit\u00e9,<br \/>\nprot\u00e9geant ainsi le Programme<br \/>\nd\u2019assurance-responsabilit\u00e9 professionnelle<br \/>\nde l\u2019ICE.<\/p>\n<p>Le client est mieux d\u00e9fini dans les<br \/>\nNUPPEC 2016. La d\u00e9finition 2.13 se lit<br \/>\ncomme suit\u00a0: \u00ab\u00a0Personne ou organisation<br \/>\npour laquelle le membre rend ses services<br \/>\nprofessionnels. Le client est normalement<br \/>\nl\u2019utilisateur pr\u00e9vu du contrat de service\u00a0\u00bb.<br \/>\nAucune autre personne ou entit\u00e9 ne peut<br \/>\nutiliser le rapport du membre, \u00e0 moins<br \/>\nd\u2019y \u00eatre autoris\u00e9e par le client et d\u2019\u00eatre<br \/>\nclairement identifi\u00e9e par son nom et par<br \/>\n\u00e9crit, par le membre.<\/p>\n<p>Utilisation optimale<br \/>\nLes NUPPEC 2016 requi\u00e8rent que le<br \/>\nmembre d\u00e9finisse, analyse et r\u00e9solve<br \/>\nl\u2019utilisation optimale (UO). Le<br \/>\ncommentaire 7.13.3 des Normes relatives<br \/>\naux activit\u00e9s d\u2019\u00e9valuation de biens<br \/>\nimmobiliers requiert une analyse de l\u2019UO<br \/>\n\u2212 il ne suffit pas d\u2019ajouter simplement<br \/>\nune d\u00e9finition, puis d\u2019indiquer l\u2019UO.<br \/>\nLes rapports doivent inclure une analyse<br \/>\nraisonnable pour appuyer la justification.<\/p>\n<p>Contr\u00f4les de l\u2019utilisation des terres<br \/>\nLa modification apport\u00e9e au commentaire<br \/>\n7.11.2 des Normes relatives aux activit\u00e9s<br \/>\nd\u2019\u00e9valuation de biens immobiliers<br \/>\nrequiert que les rapports appuient<br \/>\nraisonnablement l\u2019imminence ou la<br \/>\nprobabilit\u00e9 du changement \u00e0 l\u2019utilisation<br \/>\ndes terres, si l\u2019UO pr\u00e9voit un changement<br \/>\n\u00e0 l\u2019utilisation des terres (p. ex., rezonage ou<br \/>\nr\u00e9am\u00e9nagement).<\/p>\n<p>D\u00e9clarations de certification<br \/>\nLes exigences visant la d\u00e9claration de<br \/>\ncertification ont \u00e9galement chang\u00e9 pour<br \/>\n2016, mais pas beaucoup. Les changements<br \/>\nsont not\u00e9s comme suit dans l\u2019annexe<br \/>\nB : Meilleure description des int\u00e9r\u00eats<br \/>\npersonnels, des conflits, de la partialit\u00e9,<br \/>\ndes comp\u00e9tences et exigence d\u2019inclure<br \/>\nune d\u00e9claration sur les dates pertinentes<br \/>\net la conclusion. Chaque norme a un<br \/>\nmod\u00e8le de certification que les membres<br \/>\npeuvent employer, en fonction du service<br \/>\nprofessionnel rendu.<\/p>\n<p>En d\u2019autres mots, il y a des<br \/>\nchangements au libell\u00e9 de plusieurs clauses<br \/>\nde certification apparaissant dans la<br \/>\nsection Commentaires de chaque norme<br \/>\nde pratique. Nous invitons les membres \u00e0<br \/>\ncopier-coller la certification pertinente des<br \/>\nNUPPEC dans leurs rapports, pour assurer<br \/>\nle libell\u00e9 le plus r\u00e9cent.<\/p>\n<p>\u00c9bauches de rapports<br \/>\nLes NUPPEC 2016 contiennent aussi plus<br \/>\nde conseils sur les \u00e9bauches de rapports.<br \/>\nCes changements se trouvent dans la<br \/>\nsection Responsabilit\u00e9 de la Note 16.38<br \/>\nrelative \u00e0 la pratique, qui a elle-m\u00eame \u00e9t\u00e9<br \/>\n\u00e9tendue pour consolider les conseils sur<br \/>\nle soutien technique et quelques autres<br \/>\nsujets. L\u2019usage conseill\u00e9 pour les \u00e9bauches<br \/>\nde rapports figure dans la Note 16.38.11<br \/>\nrelative \u00e0 la pratique et comprend six<br \/>\nrecommandations que les membres<br \/>\nvoudront prendre en consid\u00e9ration.<\/p>\n<p>Norme relative aux<br \/>\nactivit\u00e9s d\u2019examen<br \/>\nLa Norme relative aux activit\u00e9s d\u2019examen a<br \/>\n\u00e9t\u00e9 modifi\u00e9e pour 2016. Les changements <\/p>\n<p>font en sorte qu\u2019un rapport d\u2019examen<br \/>\nse penche davantage sur l\u2019envergure des<br \/>\ntravaux d\u00e9crite dans le rapport examin\u00e9<br \/>\n(voir la r\u00e8gle 8.2.8 de la Norme relative aux<br \/>\nactivit\u00e9s d\u2019examen). La r\u00e8gle requiert une<br \/>\nopinion \u00e0 savoir si l\u2019envergure des travaux<br \/>\nutilis\u00e9e dans le rapport faisant l\u2019objet de<br \/>\nl\u2019examen est pertinente \u00e0 l\u2019utilisation pr\u00e9vue<br \/>\net satisfait ou d\u00e9passe les exigences stipul\u00e9es.<br \/>\nEn outre, l\u2019exigence de donner une opinion<br \/>\n\u00e0 savoir si les opinions et les conclusions<br \/>\nsont raisonnables a \u00e9t\u00e9 \u00e9largie pour exiger<br \/>\nque l\u2019examinateur d\u00e9clare si, \u00e0 son avis, le<br \/>\nrapport indique que l\u2019utilisateur pr\u00e9vu peut<br \/>\ns\u2019y fier pour son utilisation pr\u00e9vue dans le<br \/>\nrapport pr\u00e9par\u00e9 \u00e0 cette fin.<\/p>\n<p>Notes relatives \u00e0 la pratique<br \/>\nNous avons ajout\u00e9 aux Notes relatives<br \/>\n\u00e0 la pratique (Section 16) de nombreux<br \/>\nexemples illustrant des circonstances de<br \/>\nmani\u00e8re beaucoup plus large et exhaustive<br \/>\npour d\u00e9montrer l\u2019application des normes.<\/p>\n<p>Pour une liste compl\u00e8te des<br \/>\nchangements, voir la Section 19,<br \/>\nannexe B des NUPPEC 2016.<\/p>\n<p>Mise \u00e0 jour sur le s\u00e9minaire<br \/>\nde pratique professionnelle<br \/>\nAlors que le s\u00e9minaire de pratique<br \/>\nprofessionnelle est un excellent outil<br \/>\npour d\u00e9crire les changements apport\u00e9s<br \/>\naux r\u00e8gles dans les cycles pass\u00e9s, plusieurs<br \/>\nmembres attendent jusqu\u2019aux derniers<br \/>\nmois du cycle de perfectionnement<br \/>\nprofessionnel continu avant d\u2019assister au<br \/>\ns\u00e9minaire. L\u2019inauguration du nouveau<br \/>\ns\u00e9minaire est pr\u00e9vue \u00e0 l\u2019automne 2016 et<br \/>\nles membres le trouveront enrichissant,<br \/>\ninteractif et agr\u00e9able. L\u2019ICE veut<br \/>\nfournir \u00e0 ses membres une opportunit\u00e9<br \/>\nd\u2019apprentissage \u00e9clairant et tangible<br \/>\nqui encouragera la discussion ouverte sur<br \/>\nles NUPPEC et sur diff\u00e9rents exemples<br \/>\nde situations.<\/p>\n<p>Pour toute question sur les NUPPEC,<br \/>\nsur leur application ou leur interpr\u00e9tation,<br \/>\nles membres peuvent contacter Nathalie<br \/>\nRoy-Patenaude, directrice-conseill\u00e8re<br \/>\nen pratique professionnelle de l\u2019ICE, \u00e0<br \/>\nl\u2019adresse nathalier@aicanada.ca. <\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 37Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mailto:nathalier@aicanada.ca<\/p>\n<p>AROUND THE GLOBE<\/p>\n<p>Access to quality machinery<br \/>\nand equipment valuation education <\/p>\n<p>Jim Hirt, ASA CEO and Daniel<br \/>\nDoucet, AIC President signed the <\/p>\n<p>partnership agreement.<\/p>\n<p>In May 2016, AIC added the Machinery<br \/>\nand Equipment Appraisal Standard Rules<br \/>\nand Comments to the 2016 Canadian<br \/>\nUniform Standards of Appraisal Practice<br \/>\n(2016 CUSPAP). This new standard<br \/>\nenables competent and qualified AIC-<br \/>\ndesignated appraisers to expand their<br \/>\nscope of practice to include machinery<br \/>\nand equipment appraisal assignments. <\/p>\n<p>To help AIC members obtain a<br \/>\nstrong foundation to appraise machinery<br \/>\nand equipment, AIC announced a new<br \/>\neducation partnership with the American<br \/>\nSociety of Appraisers (ASA) that will enable<br \/>\nAIC members to acquire the competency<br \/>\nto complete machinery and equipment<br \/>\nappraisal assignments in Canada. <\/p>\n<p>ASA\u2019s highly recognized education<br \/>\nprogram, the Machinery and Equipment<br \/>\nValuation Program, will be available to<br \/>\nAIC members at the same ASA member-<br \/>\ndiscounted price. This comprehensive<br \/>\neducation program includes four courses, <\/p>\n<p>including: ME201-000 \u2013 Introduction<br \/>\nto Machinery and Equipment Valuation;<br \/>\nME202-000 &#8211; Machinery and Equipment<br \/>\nValuation Methodology; ME203-000<br \/>\n\u2013 Advanced Topics and Case Studies;<br \/>\nand, ME204-OOO &#8211; Machinery and<br \/>\nEquipment Valuation &#8211; Advanced Topics<br \/>\nand Report Writing. <\/p>\n<p>Completion of the four courses<br \/>\nwithin the Machinery and Equipment<br \/>\nValuation Program is one way AIC<br \/>\nmembers can achieve the competency<br \/>\nnecessary to complete Machinery &#038;<br \/>\nTechnical Specialties (MTS) appraisals.<\/p>\n<p>For more information regarding this<br \/>\nagreement, visit www.AICanada.ca\/<br \/>\ninternational\/asa\/. <\/p>\n<p>Reciprocity agreement to<br \/>\nobtain the Appraisal Institute\u2019s<br \/>\nMAI or SRA designation<\/p>\n<p>Scott Robinson, AI President<br \/>\nand Daniel Doucet, AIC President<br \/>\nsigned the reciprocal agreement.<\/p>\n<p>PROVIDING NEW SERVICES<br \/>\nTO NEW MARKETS<\/p>\n<p>The Appraisal Institute of Canada (AIC) continues to look for ways to advocate on behalf of<br \/>\nits members and provide new<br \/>\nopportunities to diversify their<br \/>\nservices. Several new initiatives<br \/>\nwere recently announced by AIC<br \/>\nas opportunities to provide new<br \/>\nservices to new markets.<\/p>\n<p>The Appraisal Institute of Canada<br \/>\n(AIC) and the Appraisal Institute (AI)<br \/>\nannounced a landmark agreement that <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201638 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.AICanada.ca\/international\/asa\/<\/p>\n<p>AROUND THE GLOBE<\/p>\n<p>mutually recognizes the excellence<br \/>\nand quality of the AIC\u2019s Accredited<br \/>\nAppraiser Canadian Institute (AACI\u2122)<br \/>\nand the Canadian Residential Appraiser<br \/>\n(CRA\u2122) designations and the Appraisal<br \/>\nInstitute\u2019s MAI and SRA designations.<br \/>\nThe agreement acknowledges the rigorous<br \/>\neducation and designation processes,<br \/>\nprofessional standards and ethics of each<br \/>\nrespective organization. <\/p>\n<p>Through this agreement, Designated<br \/>\nMembers of either the AIC or<br \/>\nthe AI will be able to pursue the<br \/>\norganizations\u2019 respective designations<br \/>\n(AACI \u00df \u00e0 MAI &#8211; CRA\u00df \u00e0 SRA)<br \/>\nwith recognition of their professional<br \/>\neducation, knowledge and experience.<\/p>\n<p>The goal with this agreement is to<br \/>\nenable clients to confidently engage<br \/>\nvaluation professionals on either side of<br \/>\nthe border, knowing that the designated<br \/>\nappraiser they hire is qualified and has<br \/>\nsatisfied the rigorous requirements of two<br \/>\nof the leading valuation organizations in<br \/>\nNorth America.<\/p>\n<p>For AIC members to be eligible to<br \/>\npursue the AI\u2019s MAI or SRA membership<br \/>\ndesignation, the AIC member must hold<br \/>\neither an AACI or CRA designation, be<br \/>\na Member in Good Standing with the<br \/>\nAIC; and apply and be admitted as a<br \/>\nGeneral Candidate (for MAI designation)<br \/>\nor Residential Candidate (for SRA<br \/>\ndesignation) of the AI.<\/p>\n<p>Once an AACI or CRA Designated<br \/>\nMember is admitted as a General or<br \/>\nResidential Candidate of the AI, he or<br \/>\nshe must satisfy the requirements to<br \/>\nbecome a Designated Member (MAI or<br \/>\nSRA) of the AI. <\/p>\n<p>For an AACI to obtain a MAI, the<br \/>\nrequirements include:<\/p>\n<p>\u2022 Attending the AI\u2019s Business Practices<br \/>\nand Ethics Course<\/p>\n<p>\u2022 Completing the 15-hour National<br \/>\nUniform Standards of Professional<br \/>\nAppraisal Practice, if they intend on<br \/>\npracticing valuation in the United<br \/>\nStates, OR certifying that they<br \/>\nare practicing solely in Canada<br \/>\nand complete the AIC\u2019s Canadian <\/p>\n<p>Uniform Standards of Appraisal<br \/>\nPractice (CUSPAP) one-day<br \/>\nprofessional practice seminar.<\/p>\n<p>\u2022 Holding a degree (or if the AACI<br \/>\nDesignated Member does not hold<br \/>\nsuch a degree, contact the AI\u2019s<br \/>\nAdmissions Department regarding<br \/>\nthis requirement)<\/p>\n<p>\u2022 Successfully completing the required<br \/>\ndesignation examination<\/p>\n<p>\u2022 Completing the MAI membership<br \/>\napplication<\/p>\n<p>For a CRA to obtain an SRA,<br \/>\nthe requirements include:<\/p>\n<p>\u2022 Attending the AI\u2019s Business<br \/>\nPractices and Ethics Course<\/p>\n<p>\u2022 Completing the 15-hour National<br \/>\nUniform Standards of Professional<br \/>\nAppraisal Practice, if they intend<br \/>\non practicing valuation in the<br \/>\nUnited States, OR certifying<br \/>\nthat they are practicing solely in<br \/>\nCanada and completing the AIC\u2019s<br \/>\nCanadian Uniform Standards of<br \/>\nAppraisal Practice (CUSPAP) one-<br \/>\nday professional practice seminar.<\/p>\n<p>\u2022 Holding a degree (or if the CRA<br \/>\nDesignated Member does not<br \/>\nhold such a degree, contact the<br \/>\nAI\u2019s Admissions Department<br \/>\nregarding this requirement)<\/p>\n<p>\u2022 Completing the SRA<br \/>\nmembership application<\/p>\n<p>For more information, visit<br \/>\nwww.AICanada.ca\/international\/<br \/>\nappraisal_institute\/<\/p>\n<p>Mutual recognition<br \/>\nof AIC and TEGoVA designations <\/p>\n<p>The AIC and The European Group<br \/>\nof Valuers\u2019 Associations (TEGoVA)<br \/>\nannounced the signing of a<br \/>\nhistoric agreement which mutually<br \/>\nrecognizes the professional valuation<br \/>\nstandards and qualifications of each<br \/>\norganization. <\/p>\n<p>This agreement signifies that<br \/>\nEuropean clients can confidently<br \/>\nengage AIC-designated appraisers<br \/>\n\u2013 AACI\u2122 and the CRA\u2122 \u2013 to<br \/>\ncomplete valuation assignments of<br \/>\nthe same quality as those of holders<br \/>\nof TEGoVA titles \u2013 Recognised<br \/>\nEuropean Valuer (REV) and TEGoVA<br \/>\nResidential Valuer (TRV). Similarly,<br \/>\nCanadian clients can engage a<br \/>\nvaluation professional with an REV<br \/>\nor TRV designation, knowing that a<br \/>\ncomprehensive approach and analysis<br \/>\nwill be delivered on an appraisal<br \/>\nassignment required in Europe.<\/p>\n<p>TEGoVA\u2019s recognition of AIC\u2019s<br \/>\nprofessional standards, ethics<br \/>\nand qualifications is a significant<br \/>\nopportunity for our members as it<br \/>\nenables AIC-designated appraisers to<br \/>\nfurther advance their reputation as<br \/>\nthe professional appraisers of choice<br \/>\nwithin Canada and for clients from<br \/>\naround the world. TEGoVA\u2019s European<br \/>\nValuation Standards are entrenched<br \/>\nin EU legislation and, like AIC\u2019s<br \/>\nCUSPAP, are heavily relied upon by<br \/>\nregulators and lenders. <\/p>\n<p>Prior to this agreement, both<br \/>\nvaluation organizations reviewed and<br \/>\ncompared their respective professional<br \/>\nstandards \u2013 the Canadian Uniform<br \/>\nStandards of Professional Appraisal<br \/>\nPractice (CUSPAP) and the European<br \/>\nValuation Standards (EVS) \u2013 as well<br \/>\nas education program and designation<br \/>\nrequirements. This thorough review<br \/>\nresulted in the conclusion that each<br \/>\norganization achieves a high level of<br \/>\nqualifications, competencies, ethics<br \/>\nand professionalism.<\/p>\n<p>For more information, visit<br \/>\nwww.AICanada.ca\/international\/<br \/>\ntegova\/ <\/p>\n<p>Krsztof\/Christopher Grzesik, TEGoVA,<br \/>\nChairman and Daniel Doucet, <\/p>\n<p> AIC President signed the<br \/>\nhistorical agreement.<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 39Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.AICanada.ca\/international\/appraisal_institute\/<br \/>\nhttp:\/\/www.AICanada.ca\/international\/tegova\/<\/p>\n<p>L \u2019Institut canadien des \u00e9valuateurs (ICE) continue de chercher des moyens de repr\u00e9senter ses membres et de<br \/>\nleur offrir de nouvelles occasions de<br \/>\ndiversifier les services qu\u2019ils offrent.<br \/>\nPlusieurs nouvelles initiatives ont \u00e9t\u00e9<br \/>\nr\u00e9cemment annonc\u00e9es par l\u2019ICE comme<br \/>\noccasions d\u2019offrir de nouveaux services<br \/>\nsur de nouveaux march\u00e9s. <\/p>\n<p>Acc\u00e8s \u00e0 l\u2019\u00e9ducation dans le<br \/>\ndomaine de l\u2019\u00e9valuation de la<br \/>\nmachinerie et de l\u2019\u00e9quipement <\/p>\n<p>Pour plus d\u2019information au sujet de<br \/>\ncette entente, visitez www.AICanada.ca\/<br \/>\nfr\/international\/asa\/. <\/p>\n<p>Entente de r\u00e9ciprocit\u00e9<br \/>\npour l\u2019obtention des titres<br \/>\nMAI ou SRA de l\u2019Appraisal Institute<\/p>\n<p>AUTOUR DU MONDE <\/p>\n<p>Scott Robinson, pr\u00e9sident de l\u2019AI et<br \/>\nDaniel Doucet, pr\u00e9sident de l\u2019ICE, <\/p>\n<p>signent l\u2019entente de r\u00e9ciprocit\u00e9. <\/p>\n<p>Jim Hirt, CD de l\u2019ASA et Daniel Doucet,<br \/>\npr\u00e9sident de l\u2019ICE, signent  <\/p>\n<p>l\u2019entente de partenariat.<\/p>\n<p>LES NOUVEAUX SERVICES<br \/>\nSUR DE NOUVEAUX MARCH\u00c9S<\/p>\n<p>En mai 2016, l\u2019ICE a ajout\u00e9 les r\u00e8gles et<br \/>\ncommentaires de la Norme d\u2019\u00e9valuation de<br \/>\nmachinerie et d\u2019\u00e9quipement aux Normes<br \/>\nuniformes de pratique professionnelle en<br \/>\nmati\u00e8re d\u2019\u00e9valuation au Canada (NUPPEC<br \/>\n2016). Cette nouvelle norme permet \u00e0<br \/>\ndes \u00e9valuateurs comp\u00e9tents et qualifi\u00e9s<br \/>\nd\u00e9sign\u00e9s par l\u2019ICE d\u2019\u00e9largir la port\u00e9e<br \/>\nde leur pratique de mani\u00e8re \u00e0 inclure<br \/>\ndes contrats de service d\u2019\u00e9valuation de<br \/>\nmachinerie et d\u2019\u00e9quipement. <\/p>\n<p>Pour aider les membres de l\u2019ICE \u00e0<br \/>\nobtenir une base solide en \u00e9valuation<br \/>\nde la machinerie et de l\u2019\u00e9quipement,<br \/>\nl\u2019ICE a annonc\u00e9 un nouveau partenariat<br \/>\nd\u2019\u00e9ducation avec l\u2019American Society<br \/>\nof Appraisers (ASA) qui permettra aux<br \/>\nmembres de l\u2019ICE de faire l\u2019acquisition<br \/>\ndes comp\u00e9tences n\u00e9cessaires pour<br \/>\ncompl\u00e9ter les \u00e9valuations de la machinerie<br \/>\net de l\u2019\u00e9quipement au Canada. <\/p>\n<p>Le programme d\u2019\u00e9ducation hautement<br \/>\nrenomm\u00e9 de l\u2019ASA, le Machinery and<br \/>\nEquipment Valuation Program, sera<br \/>\ndisponible aux membres de l\u2019ICE au<br \/>\nm\u00eame prix \u00e0 rabais que pour les membres<br \/>\nde l\u2019ASA. Ce programme d\u2019\u00e9tudes<br \/>\ncomplet comporte quatre cours\u00a0:<br \/>\nME201-000 \u2013 Introduction to Machinery<br \/>\nand Equipment Valuation (Introduction<br \/>\n\u00e0 l\u2019 \u00e9valuation de la machinerie et<br \/>\nde l\u2019 \u00e9quipement); ME202-000 &#8211;<br \/>\nMachinery and Equipment Valuation<br \/>\nMethodology (M\u00e9thodologie d\u2019 \u00e9valuation<br \/>\nde la machinerie et de l\u2019 \u00e9quipement);<br \/>\nME203-000 \u2013 Advanced Topics and Case<br \/>\nStudies (Sujets avanc\u00e9s et \u00e9tudes de cas); et<br \/>\nME204-000 &#8211; Machinery and Equipment<br \/>\nValuation &#8211; Advanced Topics and Report<br \/>\nWriting (\u00c9valuation de la machinerie et de<br \/>\nl\u2019 \u00e9quipement &#8211; Sujets avanc\u00e9s et r\u00e9daction<br \/>\nde rapports). <\/p>\n<p>En suivant ces quatre cours du Machinery<br \/>\nand Equipment Valuation Program, les<br \/>\nmembres de l\u2019ICE peuvent acqu\u00e9rir les<br \/>\ncomp\u00e9tences n\u00e9cessaires pour effectuer des<br \/>\n\u00e9valuations sp\u00e9cialis\u00e9es de la machinerie et<br \/>\ndes sp\u00e9cialit\u00e9s techniques (MTS).<\/p>\n<p>L\u2019Institut canadien des \u00e9valuateurs (ICE)<br \/>\net l\u2019Appraisal Institute (AI), ont annonc\u00e9<br \/>\nun accord historique reconnaissant<br \/>\nmutuellement l\u2019excellence et la qualit\u00e9<br \/>\ndes d\u00e9signations Accredited Appraiser<br \/>\nCanadian Institute (\u00c9valuateur accr\u00e9dit\u00e9<br \/>\nde l\u2019Institut canadien) (AACIMC)<br \/>\net Canadian Residential Appraiser<br \/>\n(\u00c9valuateur r\u00e9sidentiel canadien)<br \/>\n(CRAMC) et les titres MAI et SRA de<br \/>\nl\u2019Appraisal Institute. L\u2019accord souligne la<br \/>\nrigueur de l\u2019\u00e9ducation, des processus de<br \/>\nd\u00e9signation, des normes professionnelles<br \/>\net de l\u2019\u00e9thique de chaque organisation. <\/p>\n<p>Dans le cadre de cet accord, les<br \/>\nmembres d\u00e9sign\u00e9s de l\u2019ICE et de l\u2019AI <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201640 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.AICanada.ca\/fr\/international\/asa\/<\/p>\n<p>pourront poursuivre les d\u00e9signations<br \/>\nrespectives de chaque organisation<br \/>\n(AACI\u00a0\u00df\u00a0\u00e0\u00a0MAI\u00a0&#8211;\u00a0CRA\u00df\u00a0\u00e0\u00a0SRA),<br \/>\navec la reconnaissance de leurs \u00e9tudes,<br \/>\nleurs connaissances et leurs exp\u00e9riences<br \/>\nprofessionnelles.<\/p>\n<p>Le but de cet accord est de<br \/>\npermettre aux clients de chaque c\u00f4t\u00e9<br \/>\nde la fronti\u00e8re de retenir en toute<br \/>\nconfiance les services d\u2019\u00e9valuateurs<br \/>\nprofessionnels sachant qu\u2019ils sont<br \/>\nqualifi\u00e9s et qu\u2019ils ont r\u00e9pondu aux<br \/>\nexigences rigoureuses des deux<br \/>\nmeilleures organisations en \u00e9valuation<br \/>\nen Am\u00e9rique du Nord. <\/p>\n<p>Pour que les membres de l\u2019ICE<br \/>\nsoient admissibles aux titres MAI<br \/>\nou SRA de l\u2019AI, ils doivent d\u00e9tenir<br \/>\nune d\u00e9signation AACI ou CRA, \u00eatre<br \/>\nmembres en r\u00e8gle de l\u2019ICE et \u00eatre<br \/>\nadmis comme stagiaires g\u00e9n\u00e9raux<br \/>\nde l\u2019Appraisal Institute (pour le titre<br \/>\nMAI) ou stagiaires r\u00e9sidentiels (pour le<br \/>\ntitre SRA).<\/p>\n<p>Une fois qu\u2019un membre d\u00e9sign\u00e9<br \/>\nAACI ou CRA est admis comme stagiaire<br \/>\ng\u00e9n\u00e9ral ou stagiaire r\u00e9sidentiel de<br \/>\nl\u2019Appraisal Institute, il doit satisfaire aux<br \/>\nexigences requises pour devenir<br \/>\nun membre d\u00e9sign\u00e9 (MAI ou SRA)<br \/>\nde l\u2019Appraisal Institute. <\/p>\n<p>Pour qu\u2019un AACI obtienne le titre<br \/>\nMAI, les exigences incluent\u00a0: <\/p>\n<p>\u2022 Suivre le Business Practices and<br \/>\nEthics Course de l\u2019AI.<\/p>\n<p>\u2022 Compl\u00e9ter le cours de 15 heures<br \/>\nNational Uniform Standards of<br \/>\nProfessional Appraisal Practice s\u2019il<br \/>\ncompte pratiquer l\u2019\u00e9valuation<br \/>\naux \u00c9tats-Unis, OU certifier qu\u2019il<br \/>\npratique uniquement au Canada<br \/>\net compl\u00e9ter le s\u00e9minaire d\u2019un jour<br \/>\nde pratique professionnelle sur<br \/>\nles Normes uniformes de pratique<br \/>\nprofessionnelle en mati\u00e8re d\u2019\u00e9valuation<br \/>\nau Canada (NUPPEC) de l\u2019ICE.<\/p>\n<p>\u2022 \u00catre titulaire d\u2019un dipl\u00f4me (ou si le<br \/>\nmembre d\u00e9sign\u00e9 AACI ne d\u00e9tient<br \/>\npas un dipl\u00f4me, communiquer avec<br \/>\nle d\u00e9partement des admissions de<br \/>\nl\u2019AI concernant cette exigence)<\/p>\n<p>\u2022 R\u00e9ussir l\u2019examen requis pour<br \/>\ncette d\u00e9signation. <\/p>\n<p>\u2022 Compl\u00e9ter la demande d\u2019adh\u00e9sion<br \/>\ncomme membre MAI. <\/p>\n<p>\u2022 Pour qu\u2019un CRA obtienne le titre<br \/>\nSRA, les exigences incluent\u00a0:<\/p>\n<p>\u2022 Suivre le Business Practices and<br \/>\nEthics Course de l\u2019AI.<\/p>\n<p>\u2022 Compl\u00e9ter le cours de 15 heures<br \/>\nNational Uniform Standards of<br \/>\nProfessional Appraisal Practice s\u2019il<br \/>\ncompte pratiquer l\u2019\u00e9valuation<br \/>\naux \u00c9tats-Unis, OU certifier qu\u2019il<br \/>\npratique uniquement au Canada et<br \/>\ncompl\u00e9ter le s\u00e9minaire d\u2019un jour<br \/>\nde pratique professionnelle sur<br \/>\nles Normes uniformes de pratique<br \/>\nprofessionnelle en mati\u00e8re d\u2019 \u00e9valuation<br \/>\nau Canada (NUPPEC) de l\u2019ICE.<\/p>\n<p>\u2022 \u00catre titulaire d\u2019un dipl\u00f4me<br \/>\n(ou si le membre d\u00e9sign\u00e9<br \/>\nCRA ne d\u00e9tient pas un<br \/>\ndipl\u00f4me, communiquer avec le<br \/>\nd\u00e9partement des admissions de<br \/>\nl\u2019AI concernant cette exigence). <\/p>\n<p>\u2022 Compl\u00e9ter la demande d\u2019adh\u00e9sion<br \/>\ncomme membre SRA.<\/p>\n<p>Pour plus d\u2019information, veuillez<br \/>\nconsulter le site www.AICanada.ca\/fr\/<br \/>\ninternational\/appraisal_institute\/<\/p>\n<p>Reconnaissance mutuelle des<br \/>\ntitres de l\u2019ICE et de la TEGoVA <\/p>\n<p>qualifications d\u2019\u00e9valuation professionnelle<br \/>\nde chaque organisation. <\/p>\n<p>Cet accord signifie que les clients<br \/>\neurop\u00e9ens peuvent engager en toute<br \/>\nconfiance les services d\u2019\u00e9valuateurs<br \/>\nd\u00e9sign\u00e9s de l\u2019ICE \u2013 Accredited Appraiser<br \/>\nCanadian Institute\/\u00c9valuateur accr\u00e9dit\u00e9<br \/>\nde l\u2019Institut canadien (AACI\u2122) et<br \/>\nCanadian Residential Appraiser\/<br \/>\n\u00c9valuateur r\u00e9sidentiel canadien (CRA\u2122)<br \/>\n\u2013 pour produire des contrats de service<br \/>\nd\u2019\u00e9valuation de qualit\u00e9 \u00e9gale \u00e0 ceux<br \/>\nproduits par les titulaires de d\u00e9signation<br \/>\nTEGoVA \u2013 Recognized European<br \/>\nValuer (REV) et TEGoVA Residential<br \/>\nValuer (TRV). De la m\u00eame mani\u00e8re, les<br \/>\nclients canadiens peuvent embaucher un<br \/>\nprofessionnel d\u2019\u00e9valuation poss\u00e9dant une<br \/>\nd\u00e9signation TRV et REV, sachant qu\u2019une<br \/>\n\u00e9tude et analyse compl\u00e8te sera effectu\u00e9e<br \/>\nau m\u00eame titre qu\u2019un contrat de service<br \/>\nrequis en Europe.<\/p>\n<p>\u00ab La reconnaissance par TEGoVA des<br \/>\nnormes, de l\u2019\u00e9thique et des qualifications<br \/>\nprofessionnelles de l\u2019ICE pr\u00e9sente une belle<br \/>\noccasion pour nos membres puisqu\u2019elle<br \/>\npermet aux \u00e9valuateurs d\u00e9sign\u00e9s de<br \/>\nl\u2019ICE de rehausser encore davantage leur<br \/>\nr\u00e9putation d\u2019\u00e9valuateurs professionnels<br \/>\nde choix au Canada et aupr\u00e8s de clients<br \/>\npartout dans le monde. Les Normes<br \/>\nd\u2019\u00e9valuation europ\u00e9ennes de TEGoVA sont<br \/>\ninscrites dans les lois europ\u00e9ennes et, \u00e0<br \/>\nl\u2019instar des NUPPEC de l\u2019ICE, servent de<br \/>\npoint de r\u00e9f\u00e9rence pour les organismes de<br \/>\nr\u00e9glementation et les pr\u00eateurs.<\/p>\n<p>Avant cet accord, les deux organismes<br \/>\nd\u2019\u00e9valuation ont \u00e9tudi\u00e9 et compar\u00e9 leurs<br \/>\nnormes professionnelles respectives<br \/>\n\u2013 les Normes uniformes de pratique<br \/>\nprofessionnelle en mati\u00e8re d\u2019\u00e9valuation<br \/>\nau Canada (NUPPEC) et les European<br \/>\nValuation Standards (EVS) \u2013 ainsi que<br \/>\nleurs programmes d\u2019\u00e9ducation et exigences<br \/>\nrelatives aux d\u00e9signations. Cet examen<br \/>\napprofondi a men\u00e9 \u00e0 la conclusion que<br \/>\nchaque organisme maintient des niveaux<br \/>\n\u00e9lev\u00e9s de qualifications, comp\u00e9tences,<br \/>\n\u00e9thique et professionnalisme.<\/p>\n<p>Pour plus d\u2019information, consultez<br \/>\nwww.AICanada.ca\/fr\/international\/tegova\/ <\/p>\n<p>AUTOUR DU MONDE <\/p>\n<p>Krsztof\/Christopher Grzesik,<br \/>\npr\u00e9sident de la TEGoVA, et  <\/p>\n<p>Daniel Doucet, pr\u00e9sident de l\u2019ICE,<br \/>\nsignent l\u2019entente historique.<\/p>\n<p>L\u2019Institut canadien des \u00e9valuateurs<br \/>\n(ICE) et l\u2019European Group of Valuers\u2019<br \/>\nAssociation (TEGoVA) ont annonc\u00e9<br \/>\nla signature d\u2019un accord historique qui<br \/>\nreconna\u00eet r\u00e9ciproquement les normes et <\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 41Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.AICanada.ca\/fr\/international\/appraisal_institute\/<br \/>\nhttp:\/\/www.AICanada.ca\/fr\/international\/tegova\/<\/p>\n<p>W hen property is expropriated, several jurisdictions in Canada expressly provide that the<br \/>\nowner is to be compensated for \u2018special<br \/>\neconomic advantage\u2019 incidental to the<br \/>\nuse of the property that is not otherwise<br \/>\ncaptured in the market value of the<br \/>\nproperty.1 However, there are very few<br \/>\ncases that a claim for such compensation<br \/>\nhas succeeded. One might ask why.<\/p>\n<p>A case often relied upon to explain the<br \/>\nrationale for recovery of \u2018special economic<br \/>\nadvantage\u2019 is the Supreme Court of<br \/>\nCanada decision in Gagetown Lumber Co.<br \/>\nv R.2 [Gagetown]. Freehold and licensed<br \/>\ntimberlands were expropriated by the federal<br \/>\nCrown to facilitate the construction of a<br \/>\nmilitary base in Gagetown. The holder of the<br \/>\nfreehold and the licenses also ran a lumber<br \/>\nmill and a lumberyard, the latter of which<br \/>\nhad rail facilities for exporting of the lumber.<br \/>\nThe timberlands were very close to the <\/p>\n<p>lumber mill and lumberyard and, because of<br \/>\nthis proximity, the court accepted that there<br \/>\nwas a value in the timberlands to the owners<br \/>\nthat would not accrue to parties not having<br \/>\nthe lumber mill and lumberyard. The court<br \/>\nheld that simply awarding the market value of<br \/>\nthe lands was not sufficient compensation. <\/p>\n<p>Mr. Justice Rand wrote \u201cMarket<br \/>\nvalue\u00a0&#8230; may be the sole determinant,<br \/>\nexhausting compensation, but it may not<br \/>\nbe. Where the position of the owner vis-<br \/>\na-vis the land is not different from that of<br \/>\nany purchaser, that value is the measure;<br \/>\nwhere the owner is in special relations to<br \/>\nthe land, as in the case of an established<br \/>\nbusiness, the measure is the value to him<br \/>\nas a prudent man, what he would pay,<br \/>\nas the price of the land, rather than be<br \/>\ndispossessed, that price thereafter, in effect,<br \/>\nrepresenting the capital cost of the business<br \/>\nto which the profits would be related&#8230; \u201d3<\/p>\n<p>Mr. Justice Locke, writing for himself<br \/>\nand two other judges stated \u201c&#8230; In determin-<br \/>\ning the value to the owner, all advantages<br \/>\nwhich the land possesses, present or future,<br \/>\nin his hands, are to be taken into consider-<br \/>\nation, and he is entitled to have the price<br \/>\nassessed in reference to those advantages<br \/>\nwhich will give the land the greatest value.<br \/>\nThese timber limits, well served by roads<br \/>\nsituated so closely to the mill at Gagetown,<br \/>\nhad obviously a value to the appellant which<br \/>\nthey would not have to someone who did<br \/>\nnot have like facilities for converting the logs<br \/>\ninto lumber, and a long-established business<br \/>\ndesigned and effective for disposing of the<br \/>\nlumber at a profit&#8230; \u201d<\/p>\n<p>The court\u2019s approach in Gagetown was<br \/>\ninformed by the concept of \u2018value to owner.\u2019 <\/p>\n<p>Locke J. wrote: \u201cAs stated in Pastoral Finance<br \/>\nAssociation Limited v. The Minister, the prob-<br \/>\nlem is to determine what amount a prudent<br \/>\nman in the position of the owner would<br \/>\nhave been willing to pay for this property<br \/>\nsooner than fail to obtain it &#8230; the question<br \/>\nis as to what amount a prudent person in<br \/>\nthe position of the appellant company, with<br \/>\nits long-established lumber export business,<br \/>\nits facilities at Gagetown for the manufac-<br \/>\nture and shipping of lumber situated so close<br \/>\nto the property, with access to it by good<br \/>\nroads, being in possession of the property,<br \/>\nbut without title to it, would be willing to<br \/>\npay sooner than fail to obtain it.\u201d4<\/p>\n<p>Gagetown sounds promising if your<br \/>\ninterests in real property are expropriated<br \/>\nproperty, but what is its real effect today,<br \/>\nparticularly when the move in expropriation<br \/>\nhas been to compensation models based<br \/>\nprimarily on market value? To answer the<br \/>\nquestion, we have to start with the expro-<br \/>\npriation law reform initiatives of the 1960s<br \/>\nand 1970s that lead to some jurisdictions<br \/>\nin Canada expressly providing for \u2018special<br \/>\neconomic advantage.\u20195<\/p>\n<p>The following extract from the BC Report<br \/>\non Expropriation perhaps explains why<br \/>\nrecovery for \u2018special economic advantage\u2019<br \/>\nwill indeed be rare:6<\/p>\n<p>B. Special Value<br \/>\nThere are certain circumstances where<br \/>\nmarket value would be insufficient as a mea-<br \/>\nsure of compensation. These occur where<br \/>\nthere is some element, which has only value<br \/>\nto the owner or an insignificant number of<br \/>\nprospective purchasers. This is referred to as<br \/>\nspecial value.<\/p>\n<p>EXPROPRIATION:<br \/>\n\u2018SPECIAL ECONOMIC <\/p>\n<p>ADVANTAGE\u2019 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>LEGAL MATTERS<\/p>\n<p>Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201642<\/p>\n<p>The Ontario Law Reform Commission<br \/>\nstated that circumstances of special value<br \/>\nmay exist in three different situations<br \/>\ngiving illustrations:<\/p>\n<p>2. Where land has particular attributes,<br \/>\nsuch as location or grade, which give that land<br \/>\na special value to the owner over other lands<br \/>\nbut which do not enhance market value.<\/p>\n<p>The location of a service station on a<br \/>\nparticular corner, for example, may give that<br \/>\nproperty a special value to the owner owing<br \/>\nto the increased sales he would have there in<br \/>\nrelation to carrying on business on adjacent<br \/>\nproperties. The market value of the corner<br \/>\nlot will not necessarily reflect the special<br \/>\nprofitability to the owner of having the<br \/>\nlocation for this purpose.<\/p>\n<p>The Ontario Commission concluded that<br \/>\ncompensation should be payable in all three<br \/>\nsituations on the principle of indemnification<br \/>\nfor loss. The Ontario Commission decided<br \/>\nto treat [situation 2] under the heading of<br \/>\ndisturbance damage &#8230; The Ontario legislation<br \/>\nimplemented [this proposal] &#8230; <\/p>\n<p>So far as the second situation, which relates<br \/>\nto special economic advantage, is concerned,<br \/>\nwe agree that the example of the corner<br \/>\nservice station &#8230; is really one of disturbance<br \/>\ndamage, resulting from business loss. A better<br \/>\nillustration might have been derived from the<br \/>\ncircumstances that existed in [Gagetown] &#8230;<br \/>\nEven in those circumstances, however, it can<br \/>\nbe argued, that the loss is not one in the \u2018value\u2019<br \/>\nof the land, but a business loss that should be<br \/>\ntreated under disturbance damage &#8230; Perhaps<br \/>\ndisturbance damage could always cover this<br \/>\nkind of loss, but we are not satisfied that this<br \/>\nwould be so. To ensure that recovery can be<br \/>\nobtained in such cases, we think that it would<br \/>\nbe wise to have a provision &#8230; making com-<br \/>\npensable \u2018the value to the owner\u2019 of \u2018special<br \/>\neconomic advantage\u2019 arising out of his occupa-<br \/>\ntion of the land.<\/p>\n<p>As can be gleaned from the foregoing,<br \/>\nwhile the BC Law Reform Commission<br \/>\nthought it likely unnecessary, providing for<br \/>\n\u2018special economic advantage\u2019 should be a<br \/>\nfeature of expropriation legislation, just in case<br \/>\nthe other heads of compensation could not<br \/>\nprovide full indemnification for a taking.<\/p>\n<p>The BC Law Reform Commission recom-<br \/>\nmended, and the BC legislature accepted, that,<br \/>\nin addition to market value for land, an owner <\/p>\n<p>should receive any special economic advan-<br \/>\ntage arising out of the owner\u2019s occupation of<br \/>\nthe land.<\/p>\n<p>What then is needed to be awarded<br \/>\ncompensation for special economic advan-<br \/>\ntage? In Arpro Developments Ltd. v. British<br \/>\nColumbia,7 land was expropriated for<br \/>\nconstructing a terminal of a government<br \/>\nferry. The owner-developer had intended to<br \/>\ndevelop the land for commercial-residential<br \/>\npurposes. The Supreme Court of Canada<br \/>\nruled that the question for the arbitration<br \/>\npanel was whether Arpro could prove that,<br \/>\nbecause of circumstances peculiar to Arpro,<br \/>\nthe property had more value to Arpro than<br \/>\nit would have had to another competent<br \/>\nand knowledgeable developer putting the<br \/>\nproperty to similar use.<\/p>\n<p>The question of special economic advan-<br \/>\ntage was recently considered in Clark v.<br \/>\nNew Brunswick (Minister of Transportation).8<br \/>\nThe question was whether there was any<br \/>\nspecial economic advantage associated with<br \/>\nexpropriated woodlots above and beyond<br \/>\nthe market value of the property. The owner<br \/>\nargued that he had been attending to the<br \/>\nwoodlots in order to create a high quality<br \/>\nforest, which would yield an elevated rate of<br \/>\nreturn when he chose to harvest the timber.<br \/>\nThe court relied upon the Supreme Court<br \/>\nof Canada decision in Canada (National<br \/>\nCapital Commission) v. Hobbs9 for the<br \/>\nproposition that special economic advantage<br \/>\nmust be measurable in terms of money \u2013<br \/>\nsentimental attachment will not form a basis<br \/>\nfor compensation.<\/p>\n<p>The court in Clark also relied upon a<br \/>\npassage from The Law of Expropriation and<br \/>\nCompensation in Canada10 that the advan-<br \/>\ntage must be special, in the sense that others<br \/>\nusing the property in the same general way<br \/>\nwould not enjoy. Mere potentiality and<br \/>\nadaptability is not enough. The advantage<br \/>\nmust be capable of measurement in money.<br \/>\nFinally, the advantage requires the owner to<br \/>\nbe actually using the property. On the facts<br \/>\nin Clark, there was no evidence establishing<br \/>\na use of the woodlot that created value in<br \/>\nexcess of the market value. The woodlot<br \/>\nvalue was captured fully in the market value<br \/>\nappraisal. At paragraph 65, the court wrote:<\/p>\n<p>The Court is empathetic to the<br \/>\nClarks\u2019 situation. There is no question <\/p>\n<p>Mr.\u00a0Clark has worked hard on<br \/>\nhis woodlots and the experience<br \/>\nof expropriation was unwelcome<br \/>\nand unplanned. However, as New<br \/>\nBrunswick is a market value jurisdiction,<br \/>\nthe Court cannot stray into a \u2018value<br \/>\nto owner\u2019 assessment of a property,<br \/>\nunless there is evidence to establish a<br \/>\nspecial economic value to the owner.<br \/>\nUnder the circumstances, to grant<br \/>\nadditional compensation to the Clarks<br \/>\nwould run afoul of the provisions of the<br \/>\nExpropriation Act.<\/p>\n<p>In summary, in jurisdictions where<br \/>\nexpropriation is based upon market<br \/>\nvalue plus compensation for disturbance<br \/>\ndamages and special economic<br \/>\nadvantage, it remains the case that<br \/>\nthere is a very limited, restricted scope<br \/>\nfor arguing that full compensation<br \/>\nfor expropriated property has not<br \/>\nbeen captured in the market value<br \/>\nor through disturbance damages.<\/p>\n<p>End notes<br \/>\n 1 See for example, expropriation  <\/p>\n<p>legislation in Alberta, British Columbia,<br \/>\nManitoba, New Brunswick,<br \/>\nNova Scotia and Canada<\/p>\n<p> 2 1956 CarswellNat 252, [1957] SCR 44<br \/>\n 3 Gagetown, para. 11<br \/>\n 4 Gagetown, para. 55<br \/>\n 5 See for example Law Reform Commission <\/p>\n<p>of British Columbia Report on<br \/>\nExpropriation (Project No.\u00a05), 1971 (BC<br \/>\nReport on Expropriation); Ontario Law<br \/>\nReform Commission 1967; Ontario<br \/>\nRoyal Commission Inquiry into Civil<br \/>\nRights, 1968; The Clyne Report, 1967<\/p>\n<p> 6 BC Report on Expropriation, pp. 126, 127<br \/>\n 7 [1978] 2 S.C.R. 718<br \/>\n 8 2015 NBQB 122<br \/>\n 9 (1970) 10 D.L.R. (3d) 11 (SCC)<br \/>\n 10 2d ed., pp. 118, 119<\/p>\n<p>This article is provided for the purposes of<br \/>\ngenerating discussion and to make practitioners<br \/>\naware of certain challenges presented in the<br \/>\nlaw. It is not to be taken as legal advice. Any<br \/>\nquestions relating to the applicability of cases<br \/>\nreferred to in the article in particular circum-<br \/>\nstances should be put to qualified legal and<br \/>\nappraisal practitioners. <\/p>\n<p>LEGAL MATTERS<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 43Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>QUESTIONS JURIDIQUES<\/p>\n<p>L orsqu\u2019un bien immobilier est expropri\u00e9, plusieurs gouvernements au Canada pr\u00e9voient express\u00e9ment que<br \/>\nle propri\u00e9taire doit \u00eatre indemnis\u00e9 en<br \/>\nrecevant un \u2039 avantage \u00e9conomique<br \/>\nparticulier \u203a relatif \u00e0 l\u2019utilisation du bien<br \/>\nimmobilier qui n\u2019entre pas autrement<br \/>\ndans la valeur marchande de celui-ci.1<br \/>\nToutefois, la r\u00e9clamation d\u2019une telle<br \/>\nindemnisation n\u2019a r\u00e9ussi que dans tr\u00e8s peu<br \/>\nde cas. C\u2019est \u00e0 se demander pourquoi.<\/p>\n<p>Un exemple que l\u2019on utilise<br \/>\nfr\u00e9quemment pour justifier la revendication<br \/>\nd\u2019un \u2039 avantage \u00e9conomique particulier \u203a<br \/>\nest la d\u00e9cision rendue par la Cour supr\u00eame<br \/>\ndu Canada dans la cause Gagetown Lumber<br \/>\nCo. v R.2 [Gagetown]. Des terrains forestiers<br \/>\nen tenure franche et autoris\u00e9s avaient<br \/>\n\u00e9t\u00e9 expropri\u00e9s par la Couronne f\u00e9d\u00e9rale<br \/>\npour faciliter la construction d\u2019une base<br \/>\nmilitaire \u00e0 Gagetown. Le d\u00e9tenteur de la<br \/>\nteneur franche et des licences exploitait<br \/>\n\u00e9galement une scierie, ainsi qu\u2019un parc \u00e0<br \/>\nbois d\u00e9bit\u00e9, o\u00f9 des installations sur rail <\/p>\n<p>permettaient d\u2019exporter le bois. Comme<br \/>\nles terrains forestiers \u00e9taient situ\u00e9s tout<br \/>\npr\u00e8s de la scierie et du parc \u00e0 bois d\u00e9bit\u00e9,<br \/>\nla cour a conclu qu\u2019il existait une valeur<br \/>\npour les propri\u00e9taires des terrains forestiers<br \/>\ndont seraient priv\u00e9s les parties n\u2019ayant pas<br \/>\nla scierie et le parc \u00e0 bois d\u00e9bit\u00e9. La cour<br \/>\n\u00e9tait d\u2019avis que d\u2019accorder simplement<br \/>\nla valeur marchande pour les terres ne<br \/>\nconstituait pas une indemnisation suffisante.<\/p>\n<p>Le juge Rand \u00e9crivait : \u00ab La valeur<br \/>\nmarchande\u2026 peut \u00eatre le seul d\u00e9terminant,<br \/>\nexcluant l\u2019indemnisation, mais elle peut ne<br \/>\npas l\u2019\u00eatre. Quand la position du propri\u00e9taire<br \/>\nface \u00e0 la terre n\u2019est pas diff\u00e9rente de celle<br \/>\nde tout acheteur, c\u2019est la valeur qui est<br \/>\nla mesure; si le propri\u00e9taire a un rapport<br \/>\nsp\u00e9cial avec la terre, comme dans le cas<br \/>\nd\u2019une entreprise \u00e9tablie, alors la mesure,<br \/>\nc\u2019est la valeur pour lui en tant qu\u2019homme<br \/>\nprudent, ce qu\u2019il donnerait pour prix de<br \/>\nla terre, plut\u00f4t que d\u2019en \u00eatre d\u00e9poss\u00e9d\u00e9 : le<br \/>\nprix, donc, repr\u00e9sentant en r\u00e9alit\u00e9 le co\u00fbt en<br \/>\ncapital de l\u2019entreprise \u00e0 laquelle seraient li\u00e9s<br \/>\nles profits\u2026 \u00bb 3<\/p>\n<p>Le juge Locke, \u00e9crivant pour lui-m\u00eame<br \/>\net deux autres juges, indiquait : \u00ab \u2026En<br \/>\nd\u00e9terminant la valeur pour le propri\u00e9taire,<br \/>\ntous les avantages qu\u2019offre la terre, pr\u00e9sents<br \/>\nou futurs, dans ses mains, doivent \u00eatre<br \/>\npris en consid\u00e9ration et il peut demander<br \/>\nque le prix soit \u00e9valu\u00e9 par rapport \u00e0 tous<br \/>\nces avantages, qui donneront \u00e0 la terre la<br \/>\nmeilleure valeur. Ces limites au bois d\u2019\u0153uvre,<br \/>\nbien desservies par des routes situ\u00e9es si<br \/>\npr\u00e8s de la scierie \u00e0 Gagetown, avaient<br \/>\n\u00e9videmment une valeur pour l\u2019appelant, ce<br \/>\nqui ne serait pas le cas d\u2019une personne ne<br \/>\nposs\u00e9dant pas de telles installations pour<br \/>\nconvertir les billots en bois d\u00e9bit\u00e9, dans un<br \/>\nentreprise bien \u00e9tablie, con\u00e7ue et efficace<br \/>\npour tirer profit du bois d\u00e9bit\u00e9\u2026 \u00bb<\/p>\n<p>L\u2019approche de la cour dans la cause Gagetown<br \/>\nreposait sur la notion de \u2039 valeur pour le<br \/>\npropri\u00e9taire \u203a. Le juge Locke \u00e9crivait : \u00ab Comme<br \/>\nil est indiqu\u00e9 dans la cause Pastoral Finance<br \/>\nAssociation Limited v. The Minister, le probl\u00e8me<br \/>\nconsiste \u00e0 d\u00e9terminer quel montant un homme<br \/>\nprudent dans la position du propri\u00e9taire aurait<br \/>\n\u00e9t\u00e9 dispos\u00e9 \u00e0 payer pour ce bien immobilier<br \/>\nplut\u00f4t que d\u2019\u00e9chouer \u00e0 l\u2019acqu\u00e9rir\u2026 la question<br \/>\nest de savoir quel montant une personne<br \/>\nprudente dans la position de la compagnie<br \/>\nappelante, avec son entreprise d\u2019exportation<br \/>\nde bois d\u00e9bit\u00e9 bien \u00e9tablie, ses installations \u00e0<br \/>\nGagetown pour la production et l\u2019exp\u00e9dition du<br \/>\nbois d\u00e9bit\u00e9 situ\u00e9es si pr\u00e8s du bien immobilier,<br \/>\njouissant d\u2019un acc\u00e8s par de bonnes routes,<br \/>\n\u00e9tant en possession du bien immobilier, sans en<br \/>\nd\u00e9tenir le titre, consentirait \u00e0 payer plut\u00f4t que<br \/>\nd\u2019\u00e9chouer \u00e0 l\u2019acqu\u00e9rir. \u00bb4<\/p>\n<p>Gagetown semble prometteur si vos int\u00e9r\u00eats<br \/>\ndans l\u2019immobilier sont des biens immobiliers<br \/>\nexpropri\u00e9s, mais quel est son effet r\u00e9el<br \/>\naujourd\u2019hui, en particulier quand la tendance<br \/>\nen mati\u00e8re d\u2019expropriation est aux mod\u00e8les<br \/>\nd\u2019indemnisation reposant d\u2019abord sur la valeur<br \/>\nmarchande ? Pour r\u00e9pondre \u00e0 la question, nous<br \/>\ndevons nous reporter aux r\u00e9formes apport\u00e9es \u00e0<br \/>\nla loi sur l\u2019expropriation dans les ann\u00e9es 1960<br \/>\net 1970, qui ont incit\u00e9 certains gouvernements<br \/>\nau Canada \u00e0 pr\u00e9voir express\u00e9ment un \u2039 avantage<br \/>\n\u00e9conomique particulier \u203a.5 <\/p>\n<p>L\u2019extrait suivant du BC Report on<br \/>\nExpropriation explique peut-\u00eatre pourquoi la<br \/>\nrevendication d\u2019un \u2039 avantage \u00e9conomique<br \/>\nparticulier \u203a sera en fait rarement admise :6<\/p>\n<p>B. Valeur particuli\u00e8re<br \/>\nDans certaines circonstances, la valeur<br \/>\nmarchande ne suffit pas \u00e0 \u00e9valuer une<br \/>\nindemnisation. Elles surviennent en pr\u00e9sence<br \/>\nd\u2019un \u00e9l\u00e9ment qui n\u2019a de valeur que pour<br \/>\nle propri\u00e9taire ou encore s\u2019il y a tr\u00e8s peu <\/p>\n<p>EXPROPRIATION\u00a0:<br \/>\nRETOUR SUR L\u2019\u2039 AVANTAGE <\/p>\n<p>\u00c9CONOMIQUE PARTICULIER\u00a0\u203a<br \/>\nP A R  J O H N  S H E V C H U K ,  C . A R B ,  A A C I  ( H O N )<\/p>\n<p>MEMBRE B\u00c9N\u00c9 V OL E , S OUS -COMI T \u00c9 D\u2019A PPEL , AV OC AT-PROCUREUR<\/p>\n<p>Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201644<\/p>\n<p>QUESTIONS JURIDIQUES<\/p>\n<p>d\u2019acqu\u00e9reurs \u00e9ventuels. On parle alors de<br \/>\nvaleur particuli\u00e8re.<\/p>\n<p>La Commission de r\u00e9forme du droit de<br \/>\nl\u2019Ontario a d\u00e9clar\u00e9 que des circonstances de<br \/>\nvaleur particuli\u00e8re peuvent exister dans trois<br \/>\nsituations diff\u00e9rentes, dont elle a donn\u00e9 des<br \/>\nillustrations :<\/p>\n<p>2. Quand le terrain poss\u00e8de des attributs<br \/>\nparticuliers, tels l\u2019emplacement ou la cat\u00e9gorie,<br \/>\nqui lui donnent une valeur particuli\u00e8re pour le<br \/>\npropri\u00e9taire comparativement \u00e0 d\u2019autres terrains,<br \/>\nmais qui n\u2019augmentent pas sa valeur marchande.<\/p>\n<p>Par exemple, une station-service situ\u00e9e \u00e0<br \/>\nune intersection donn\u00e9e peut conf\u00e9rer \u00e0 ce bien<br \/>\nimmobilier une valeur particuli\u00e8re pour son<br \/>\npropri\u00e9taire gr\u00e2ce aux ventes plus nombreuses<br \/>\nqu\u2019il r\u00e9aliserait \u00e0 cet endroit plut\u00f4t que sur des<br \/>\nterrains adjacents. La valeur marchande du<br \/>\nterrain au coin de l\u2019intersection ne refl\u00e9tera<br \/>\npas n\u00e9cessairement la rentabilit\u00e9 sp\u00e9ciale que<br \/>\nrepr\u00e9sente pour le propri\u00e9taire la possession de<br \/>\nl\u2019emplacement pour cette fin.<\/p>\n<p>La Commission concluait qu\u2019une<br \/>\nindemnisation devrait \u00eatre payable dans toutes les<br \/>\ntrois situations, sur le principe d\u2019indemnisation<br \/>\npour perte. La Commission d\u00e9cidait de ranger<br \/>\n[la situation 2] sous la rubrique \u2039 pr\u00e9judice de<br \/>\nperturbation \u203a\u2026 La l\u00e9gislation de l\u2019Ontario a mis<br \/>\nen \u0153uvre [cette proposition]\u2026<\/p>\n<p>Pour ce qui est de la deuxi\u00e8me situation, qui<br \/>\na trait \u00e0 l\u2019avantage \u00e9conomique particulier, nous<br \/>\nconvenons que l\u2019exemple de la station-service au<br \/>\ncoin de l\u2019intersection\u2026 est vraiment un pr\u00e9judice<br \/>\nde perturbation, r\u00e9sultant d\u2019une perte d\u2019affaires.<br \/>\nOn aurait pu mieux illustrer la situation en<br \/>\n\u00e9voquant les circonstances qui existaient \u00e0<br \/>\n[Gagetown]\u2026 M\u00eame dans ces circonstances,<br \/>\ncependant, on peut faire valoir que la perte ne<br \/>\ntouche pas la \u2039 valeur \u203a du terrain, mais les affaires<br \/>\nde l\u2019entreprise, ce qui devrait \u00eatre consid\u00e9r\u00e9<br \/>\ncomme un pr\u00e9judice de perturbation\u2026 Peut-\u00eatre<br \/>\nque le pr\u00e9judice de perturbation pourrait toujours<br \/>\ncouvrir ce type de perte, mais nous en doutons<br \/>\nfortement. Pour assurer que la revendication<br \/>\nsoit admise dans de tels cas, nous pensons qu\u2019il<br \/>\nserait sage de pr\u00e9voir une clause\u2026 rendant<br \/>\nindemnisable \u2039 la valeur pour le propri\u00e9taire\u00a0\u203a<br \/>\nd\u2019un \u2039 avantage \u00e9conomique particulier \u203a<br \/>\nd\u00e9coulant de ses activit\u00e9s sur le terrain.<\/p>\n<p>Comme on peut le d\u00e9duire de ce qui pr\u00e9c\u00e8de,<br \/>\nalors que la BC Law Reform Commission croyait<br \/>\nque c\u2019\u00e9tait probablement inutile, accorder un<br \/>\n\u2039\u00a0avantage \u00e9conomique particulier \u203a devrait \u00eatre<br \/>\npr\u00e9vu dans les lois sur l\u2019expropriation, au cas<br \/>\no\u00f9 d\u2019autres personnes charg\u00e9es de d\u00e9terminer<br \/>\nl\u2019indemnisation ne pourraient pas indemniser <\/p>\n<p>pleinement un propri\u00e9taire forc\u00e9 de vendre<br \/>\nson bien immobilier.<\/p>\n<p>La BC Law Reform Commission<br \/>\nrecommandait, avec l\u2019accord du Parlement<br \/>\nde la Colombie-Britannique, qu\u2019en plus de la<br \/>\nvaleur marchande du terrain, un propri\u00e9taire<br \/>\nre\u00e7oive tout avantage \u00e9conomique particulier<br \/>\nd\u00e9coulant de ses activit\u00e9s sur le terrain.<\/p>\n<p>Que faut-il alors pour \u00eatre indemnis\u00e9<br \/>\npour avantage \u00e9conomique particulier ? Dans<br \/>\nla cause Arpro Developments Ltd. v. British<br \/>\nColumbia,7 le terrain a \u00e9t\u00e9 expropri\u00e9 pour<br \/>\ny construire une gare maritime pour un<br \/>\ntraversier du gouvernement. Le propri\u00e9taire-<br \/>\npromoteur voulait d\u00e9velopper le terrain \u00e0<br \/>\ndes fins commerciales et r\u00e9sidentielles. La<br \/>\nCour supr\u00eame du Canada a statu\u00e9 que la<br \/>\nquestion pour le panel d\u2019arbitrage \u00e9tait de<br \/>\nsavoir si Arpro pouvait prouver qu\u2019\u00e0 cause<br \/>\ndes circonstances propres \u00e0 Arpro, le bien<br \/>\nimmobilier avait plus de valeur pour Arpro<br \/>\nqu\u2019il en aurait eu pour un autre promoteur<br \/>\ncomp\u00e9tent et averti qui aurait utilis\u00e9 le terrain<br \/>\n\u00e0 des fins similaires.<\/p>\n<p>On s\u2019est r\u00e9cemment pench\u00e9 sur l\u2019avantage<br \/>\n\u00e9conomique particulier dans la cause Clark v.<br \/>\nNew Brunswick (Minister of Transportation).8<br \/>\nLa question \u00e9tait de savoir s\u2019il y avait un<br \/>\navantage \u00e9conomique particulier associ\u00e9 \u00e0<br \/>\ndes terres \u00e0 bois expropri\u00e9es, en plus de la<br \/>\nvaleur marchande du bien immobilier. Le<br \/>\npropri\u00e9taire faisait valoir qu\u2019il prenait soin<br \/>\ndes terres \u00e0 bois pour obtenir une for\u00eat de<br \/>\nbonne qualit\u00e9, qui lui procurerait de bons<br \/>\nrevenus lorsqu\u2019il couperait les arbres pour<br \/>\nen faire du bois d\u2019\u0153uvre. La cour s\u2019est<br \/>\nappuy\u00e9e sur la d\u00e9cision rendue par la Cour<br \/>\nsupr\u00eame du Canada dans la cause Canada<br \/>\n(National Capital Commission) v. Hobbs,9 car<br \/>\nla proposition d\u2019un avantage \u00e9conomique<br \/>\nparticulier doit \u00eatre mesurable en termes<br \/>\nmon\u00e9taires \u2212 l\u2019attachement sentimental ne<br \/>\nservira pas de fondement<br \/>\npour l\u2019indemnisation.<\/p>\n<p>Dans la cause Clark, la cour s\u2019est aussi<br \/>\nappuy\u00e9e sur un extrait de l\u2019ouvrage The<br \/>\nLaw of Expropriation and Compensation<br \/>\nin Canada,10  \u00e0 l\u2019effet que l\u2019avantage doit<br \/>\n\u00eatre particulier et qu\u2019il ne profiterait pas<br \/>\n\u00e0 d\u2019autres personnes utilisant le bien<br \/>\nimmobilier de la m\u00eame mani\u00e8re g\u00e9n\u00e9rale.<br \/>\nLa potentialit\u00e9 et l\u2019adaptabilit\u00e9 seules ne<br \/>\nsuffisent pas. L\u2019avantage doit pouvoir se<br \/>\nmesurer en argent. Enfin, l\u2019avantage requiert<br \/>\nque le propri\u00e9taire utilise effectivement le<br \/>\nbien immobilier. Concernant les faits de <\/p>\n<p>la cause Clark, aucune preuve n\u2019a \u00e9tabli une<br \/>\nutilisation de la terre \u00e0 bois qui ajoutait \u00e0 sa<br \/>\nvaleur marchande. La valeur de la terre \u00e0 bois se<br \/>\nrefl\u00e8te enti\u00e8rement dans l\u2019estimation de la valeur<br \/>\nmarchande. Au paragraphe 65, la cour \u00e9crivait :<\/p>\n<p>La cour est sensible \u00e0 la situation de M. Clark.<br \/>\nIl n\u2019y a pas doute qu\u2019il a beaucoup travaill\u00e9<br \/>\nsur ses terres \u00e0 bois et que l\u2019exp\u00e9rience d\u2019\u00eatre<br \/>\nexpropri\u00e9 n\u2019est ni la bienvenue ni planifi\u00e9e.<br \/>\nCependant, comme le Nouveau-Brunswick est<br \/>\nune province o\u00f9 pr\u00e9vaut la valeur marchande,<br \/>\nla cour ne peut pas s\u2019aventurer dans<br \/>\nl\u2019estimation d\u2019une \u2039 valeur pour le propri\u00e9taire\u00a0\u203a<br \/>\nd\u2019un bien immobilier, \u00e0 moins que des<br \/>\npreuves n\u2019\u00e9tablissent une valeur \u00e9conomique<br \/>\nparticuli\u00e8re pour le propri\u00e9taire. Dans ces<br \/>\ncirconstances, accorder une indemnisation<br \/>\nadditionnelle \u00e0 la famille Clark contreviendrait<br \/>\naux dispositions de la Loi sur l\u2019expropriation.<\/p>\n<p>En r\u00e9sum\u00e9, dans les provinces o\u00f9 l\u2019expropriation<br \/>\nrepose sur la valeur marchande, en plus d\u2019une<br \/>\nindemnisation pour pr\u00e9judices de perturbation et<br \/>\nd\u2019un avantage \u00e9conomique particulier, il demeure<br \/>\nque l\u2019argumentation est tr\u00e8s limit\u00e9e et restreinte \u00e0<br \/>\nl\u2019effet qu\u2019une pleine indemnisation pour un bien<br \/>\nimmobilier expropri\u00e9 ne se refl\u00e8te pas dans la valeur<br \/>\nmarchande ou avec pr\u00e9judices de perturbation. <\/p>\n<p>Notes en fin d\u2019article<br \/>\n 1 Voir, par exemple, les lois sur l\u2019expropriation <\/p>\n<p>de l\u2019Alberta, la Colombie-Britannique,<br \/>\nle Manitoba, le Nouveau-Brunswick,<br \/>\nla Nouvelle-\u00c9cosse et le Canada<\/p>\n<p> 2 1956 CarswellNat 252, [1957] SCR 44<br \/>\n 3 Gagetown, parag. 11<br \/>\n 4 Gagetown, parag. 55<br \/>\n 5 Voir, par exemple, Law Reform Commission <\/p>\n<p>of British Columbia Report on Expropriation<br \/>\n(Project No. 5), 1971 (BC Report on<br \/>\nExpropriation); Commission de r\u00e9forme du<br \/>\ndroit de l\u2019Ontario, 1967; Ontario Royal<br \/>\nCommission Inquiry into Civil Rights, 1968;<br \/>\nThe Clyne Report, 1967<\/p>\n<p> 6 BC Report on Expropriation, p. 126 et 127<br \/>\n 7 [1978] 2 S.C.R. 718<br \/>\n 8 2015 NBQB 122<br \/>\n 9 (1970) 10 D.L.R. (3d) 11 (SCC)<br \/>\n 10 2d ed., p. 118 et 119<\/p>\n<p>Le pr\u00e9sent article a \u00e9t\u00e9 r\u00e9dig\u00e9 pour susciter le d\u00e9bat<br \/>\net pour informer les professionnels de certains d\u00e9fis<br \/>\nque pose la l\u00e9gislation. On ne doit pas le consid\u00e9rer<br \/>\ncomme un avis juridique. Les questions li\u00e9es \u00e0<br \/>\nl\u2019applicabilit\u00e9 des cas \u00e9voqu\u00e9s dans cet article \u00e0 des<br \/>\ncirconstances particuli\u00e8res devraient \u00eatre adress\u00e9es \u00e0<br \/>\ndes hommes de loi et \u00e0 des \u00e9valuateurs qualifi\u00e9s. <\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 45Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>ADVOCACY<\/p>\n<p>ADVOCACY IN ACTION<\/p>\n<p>The real estate industry is<br \/>\nchanging rapidly: AIC is proactively<br \/>\nmonitoring and responding<\/p>\n<p>A<br \/>\nyear has already passed since<br \/>\nthe Appraisal Institute of<br \/>\nCanada (AIC) launched its<br \/>\nAdvocacy Sub-Committee. <\/p>\n<p>Since that time, there has been a<br \/>\nwhirlwind of activity from provincial<br \/>\nrepresentatives and national staff to<br \/>\nrespond to, while also anticipating<br \/>\nfuture issues that are strategically<br \/>\nimportant to our members, to<br \/>\nthe real estate industry and to<br \/>\nCanada\u2019s economy. <\/p>\n<p>Within the last few months alone,<br \/>\nthe \u2018buzz\u2019 about the real estate industry<br \/>\nhas created more media coverage<br \/>\nand government attention. The AIC<br \/>\nadvocacy team has been reacting to:<\/p>\n<p>\u2022 the ongoing concern about the<br \/>\n\u2018housing bubble\u2019 in Toronto<br \/>\nand Vancouver and the range of<br \/>\nperspectives to either prove or<br \/>\ndisprove this possibility;<\/p>\n<p>\u2022 the exposure of shadow flipping<br \/>\nwithin the BC market and<br \/>\nthe increased scrutiny by the<br \/>\nprovincial government seeking<br \/>\nto find ways to protect the public<br \/>\nduring housing transactions;<\/p>\n<p>\u2022 the level of foreign investment in<br \/>\nkey cities and how this may be<br \/>\nimpacting the prices of houses; in<br \/>\nthe same vein, understanding the<br \/>\nimpact of vacant houses\/condos on<br \/>\nthe market;<\/p>\n<p>\u2022 the pending changes affecting<br \/>\norganized real estate in BC that will<br \/>\neliminate self-regulation;<\/p>\n<p>\u2022 the proposed amalgamation of real<br \/>\nestate boards in BC and the potential<br \/>\ncentralization of its MLS system; <\/p>\n<p>\u2022 provincial governments who are<br \/>\ncontemplating the privatization<br \/>\nof public land registries and the<br \/>\nmanagement of public real estate<br \/>\nassets as they are faced with<br \/>\nunprecedented deficits;<\/p>\n<p>\u2022 the proposed implementation of a<br \/>\nResidential Measurement Standard<br \/>\nwithin the Alberta market and the<br \/>\nproposed changes to the Condo Act<br \/>\nand Municipal Government Act;<\/p>\n<p>\u2022 the strategy to provide full<br \/>\nprofessional recognition of the AACI<br \/>\nand CRA designations with the<br \/>\nOffice des professions of Qu\u00e9bec;<\/p>\n<p>\u2022 the Brexit vote and its impact on<br \/>\ninternational markets as investors<br \/>\nlook to move their capital to more<br \/>\nsecure countries such as Canada;<\/p>\n<p>\u2022 the increased level of consultation by<br \/>\nthe federal government in its efforts<br \/>\nto develop new policies that will<br \/>\naddress the issue of the affordability<br \/>\nof housing as well as curb the levels<br \/>\nof Canadians\u2019 indebtedness;<\/p>\n<p>\u2022 the proposed Mandatory Energy<br \/>\nAudit by the Government of Ontario<br \/>\napplicable to all houses being sold;<\/p>\n<p>\u2022 the call for more stringent<br \/>\nregulations (by securities regulators)<br \/>\nfor syndicated mortgages;<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201646 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>ADVOCACY<\/p>\n<p>\u2022 the increased scrutiny by the<br \/>\nOffice of the Superintendent of<br \/>\nFinancial Institutions of lenders<br \/>\nand insurers with Guidelines B-20<br \/>\nand B-21 to mitigate the risks<br \/>\nwithin mortgage underwriting<br \/>\nand insurance;<\/p>\n<p>\u2022 the continuing discussions with<br \/>\nAppraisal Management Companies<br \/>\nto reinforce that quality appraisals<br \/>\ncontinue to be in the best interests<br \/>\nof the marketplace and the AIC\u2019s<br \/>\nhighest priority;<\/p>\n<p>\u2022 reminders to lenders and insurers<br \/>\nthat they should consider on-site<br \/>\nvaluations for more accurate<br \/>\nproperty values;<\/p>\n<p>\u2022 the Bank of Canada\u2019s continued<br \/>\nreview of market vulnerabilities<br \/>\nand the resulting low interest<br \/>\nrates which continue to drive<br \/>\ninvestment in real estate; <\/p>\n<p>\u2022 and much more.<br \/>\nNeedless to say, all these important<br \/>\nissues have serious repercussions<br \/>\non the valuation industry. The AIC<br \/>\nAdvocacy Sub-Committee is not<br \/>\nonly monitoring these issues, but it is<br \/>\nalso meeting with key stakeholders,<br \/>\nworking with provincial and federal<br \/>\ngovernments, and sitting on boards<br \/>\nand advisory committees to provide<br \/>\nour insight and expertise in face-to-<br \/>\nface meetings and formal letters.<\/p>\n<p>The outcome to date and the<br \/>\nfeedback from our members assures<br \/>\nus that we are on the right track. Our<br \/>\nmembers reported a 13% increase in<br \/>\nresidential and commercial appraisals<br \/>\nbetween 2014 and 2015, with close<br \/>\nto 1 Trillion dollars of assets being<br \/>\nvalued. Residential appraisals have<br \/>\nbeen up by 38% alone. <\/p>\n<p>The million dollar question is\u2026<br \/>\nwhat is driving this increase?  <\/p>\n<p>Is it the enhanced scrutiny of<br \/>\ninsurers and lenders by OSFI to<br \/>\ninsert processes to obtain accurate<br \/>\nvalues of collateral used in mortgage<br \/>\nunderwriting? Is it AIC\u2019s focus on<br \/>\ncommunicating and enhancing our<br \/>\nrelationships with lenders, insurers<br \/>\nand AMCs? Is it our continued<br \/>\nmessaging of \u201cAIC appraisers being<br \/>\nthe professionals of choice\u201d and the<br \/>\nease of finding quality appraisers<br \/>\nusing the Find\u00a0an Appraiser tool on<br \/>\nour website? Or is it simply a result<br \/>\nof a booming real estate market in<br \/>\nsome areas?<\/p>\n<p>The answer to those questions<br \/>\nis: all of the above. It is likely that<br \/>\nall of those variables have led to<br \/>\nthe increase in appraisal work for<br \/>\nour members and we can never be<br \/>\ncomplacent about continuing to<br \/>\nbuild relationships across<br \/>\nthe country.<\/p>\n<p>As we move into 2017, the AIC<br \/>\nAdvocacy Sub-Committee will<br \/>\ncontinue to develop effective<br \/>\ngovernment relations and stakeholder<br \/>\nstrategies. If any members have any<br \/>\nadditional issues that require the<br \/>\nCommittee\u2019s attention, please contact<br \/>\nyour provincial representative; the<br \/>\nChair, John Manning, AACI, P.App at<br \/>\njcm77@telus.net; or Sheila Roy, Director<br \/>\nof Marketing &#038; Communication,<br \/>\nat sheilar@aicanada.ca. <\/p>\n<p>We thank all the volunteers involved<br \/>\nin the AIC Advocacy Sub-Committee for<br \/>\ntheir incredible dedication and time to<br \/>\nadvance the profession.<\/p>\n<p>Provincial Representatives<br \/>\nSK &#8211; Kim Maber, AACI, P.App<br \/>\nAB &#8211; Terry Brooke, AACI, P.App<br \/>\nQC &#8211; Daniel Pinard, AACI, P.App<br \/>\nQC &#8211; Louis Poirier, AACI, P.App<br \/>\nNL &#8211; Glen Power, AACI, P.App<br \/>\nBC &#8211; David Aberdeen, AACI, P.App<br \/>\nNB &#8211; Andy Leech &#8211; CRA<br \/>\nON &#8211; Oliver Tighe, AACI, P.App<br \/>\nON &#8211; *New Member to the committee is<br \/>\n Robin Jones, AACI, P.App<br \/>\nPE &#8211; Jan Wicherek, AACI, P.App<br \/>\nMB &#8211; Laura Kemp, CRA<br \/>\nMB &#8211; Darrell Thorvaldson, AACI, P.App<\/p>\n<p>AIC &#8211; National Representatives<br \/>\nNTL &#8211; John Manning, AACI, P.App<br \/>\nNTL &#8211; Keith Lancastle, CEO<br \/>\nNTL &#8211; Sheila Roy, Director, Communications<\/p>\n<p>Executive Directors<br \/>\nBC &#8211; Janice O\u2019Brien<br \/>\nAB &#8211; Christine Vandelinder<br \/>\nSK &#8211; Marilyn Steranka<br \/>\nMB &#8211; Pamela Wylie<br \/>\nON &#8211; Vikki Leslie<br \/>\nQC &#8211; Nicole Lafleche Anderson<br \/>\nNB &#8211; Jennifer Logan<br \/>\nPE &#8211; Suzanne Pater<br \/>\nNS &#8211; Davida Mackay <\/p>\n<p>\u201cTHE AIC ADVOCACY SUB-COMMITTEE IS NOT<br \/>\nONLY MONITORING THESE ISSUES, BUT IT IS ALSO <\/p>\n<p>MEETING WITH KEY STAKEHOLDERS, WORKING WITH<br \/>\nPROVINCIAL AND FEDERAL GOVERNMENTS, AND <\/p>\n<p>SITTING ON BOARDS AND ADVISORY COMMITTEES<br \/>\nTO PROVIDE OUR INSIGHT AND EXPERTISE.\u201d <\/p>\n<p>&laquo;&nbsp;WE CAN NEVER BE COMPLACENT ABOUT CONTINUING<br \/>\nTO BUILD RELATIONSHIPS ACROSS THE COUNTRY.&nbsp;&raquo;<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 47Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mailto:jcm77@telus.net<br \/>\nmailto:sheilar@aicanada.ca<\/p>\n<p>D\u00c9FENSE<\/p>\n<p>D\u00c9FENSE DES<br \/>\nDROITS \u00c0 L\u2019\u0152UVRE<\/p>\n<p>L\u2019industrie de l\u2019immobilier change<br \/>\nrapidement : L\u2019ICE surveille et<br \/>\nintervient de fa\u00e7on proactive  <\/p>\n<p>I l y a d\u00e9j\u00e0 un an que l\u2019Institut canadien des \u00e9valuateurs (ICE) a mis sur pied un sous-comit\u00e9 de la d\u00e9fense des droits. Depuis, les repr\u00e9sentants<br \/>\nprovinciaux et les employ\u00e9s du bureau<br \/>\nnational ont \u00e9t\u00e9 entra\u00een\u00e9s dans un<br \/>\ntourbillon d\u2019activit\u00e9s exigeant une r\u00e9ponse<br \/>\nimm\u00e9diate, tout en devant aussi pr\u00e9voir<br \/>\nles futurs enjeux d\u2019importance strat\u00e9gique<br \/>\npour nos membres, l\u2019industrie de<br \/>\nl\u2019immobilier et pour l\u2019\u00e9conomie<br \/>\ndu Canada. <\/p>\n<p>Dans les seuls quelques derniers<br \/>\nmois, le bourdonnement entourant<br \/>\nl\u2019industrie de l\u2019immobilier a attir\u00e9 plus<br \/>\nde couverture des m\u00e9dias et d\u2019attention<br \/>\ndu gouvernement. L\u2019\u00e9quipe de d\u00e9fense<br \/>\ndes droits de l\u2019ICE a d\u00fb r\u00e9pondre\u00a0: <\/p>\n<p>\u2022 aux inqui\u00e9tudes entourant la<br \/>\n\u00ab\u00a0bulle du logement\u00a0\u00bb \u00e0 Toronto<br \/>\net Vancouver et \u00e0 l\u2019\u00e9ventail de<br \/>\nperspectives visant \u00e0 prouver ou<br \/>\ninfirmer cette possibilit\u00e9;<\/p>\n<p>\u2022 \u00e0 l\u2019exposition des pratiques de<br \/>\nrevente fant\u00f4me sur le march\u00e9 de<br \/>\nla C.-B. et \u00e0 l\u2019examen de plus en<br \/>\nplus approfondi du gouvernement<br \/>\nprovincial cherchant \u00e0 prot\u00e9ger<br \/>\nle public lors des transactions<br \/>\nimmobili\u00e8res;   <\/p>\n<p>\u2022 au niveau d\u2019investissements \u00e9trangers<br \/>\ndans des villes cl\u00e9s et comment<br \/>\ncette pratique peut gonfler les prix<br \/>\ndes maisons; dans la m\u00eame veine, <\/p>\n<p>comprendre l\u2019incidence des maisons\/<br \/>\ncondos vacants sur le march\u00e9;<\/p>\n<p>\u2022 aux changements en instance<br \/>\ntouchant l\u2019industrie immobili\u00e8re<br \/>\norganis\u00e9e en C.-B. qui \u00e9limineront<br \/>\nl\u2019autor\u00e9glementation;<\/p>\n<p>\u2022 au projet de regroupement des<br \/>\nchambres immobili\u00e8res de C.-B.<br \/>\net de centralisation possible de son<br \/>\nsyst\u00e8me de services interagences;  <\/p>\n<p>\u2022 aux gouvernements provinciaux<br \/>\nqui envisagent la privatisation des<br \/>\nbureaux d\u2019enregistrement des titres<br \/>\net la gestion des actifs immobiliers<br \/>\nface \u00e0 des d\u00e9ficits sans pr\u00e9c\u00e9dent;  <\/p>\n<p>\u2022 \u00e0 la mise en \u0153uvre propos\u00e9e de la<br \/>\nnorme Residential Measurement<br \/>\nStandard sur le march\u00e9 de l\u2019Alberta<br \/>\net aux changements propos\u00e9s \u00e0<br \/>\nla Condo Act et \u00e0 la Municipal<br \/>\nGovernment Act;<\/p>\n<p>\u2022 \u00e0 la strat\u00e9gie visant \u00e0 fournir l\u2019enti\u00e8re<br \/>\nreconnaissance professionnelle des<br \/>\nd\u00e9signations AACI et CRA aupr\u00e8s de<br \/>\nl\u2019Office des professions du Qu\u00e9bec;<\/p>\n<p>\u2022 au r\u00e9f\u00e9rendum Brexit et \u00e0<br \/>\nson incidence sur les march\u00e9s<br \/>\ninternationaux alors que les<br \/>\ninvestisseurs cherchent \u00e0 rediriger<br \/>\nleurs placements vers des pays<br \/>\nplus stables tels le Canada;<\/p>\n<p>\u2022 au niveau accru de consultation par<br \/>\nle gouvernement f\u00e9d\u00e9ral dans ses<br \/>\nefforts  visant \u00e0 \u00e9laborer de nouvelles<br \/>\npolitiques concernant l\u2019abordabilit\u00e9<br \/>\ndu logement et \u00e0 freiner le niveau<br \/>\nd\u2019endettement des Canadiens;<\/p>\n<p>\u00ab MAIS NOUS NE<br \/>\nDEVONS JAMAIS CESSER<br \/>\nDE D\u00c9VELOPPER NOTRE <\/p>\n<p>R\u00c9SEAU DE RELATIONS \u00c0<br \/>\nLA GRANDEUR DU PAYS. \u00bb <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201648 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>D\u00c9FENSE<\/p>\n<p>\u2022 \u00e0 l\u2019audit \u00e9nerg\u00e9tique obligatoire que<br \/>\npropose le gouvernement de l\u2019Ontario<br \/>\npour toutes les ventes de maisons;<\/p>\n<p>\u2022 \u00e0 l\u2019appel de r\u00e8glements plus s\u00e9v\u00e8res<br \/>\n(par les autorit\u00e9s de r\u00e9glementation<br \/>\ndes valeurs mobili\u00e8res) r\u00e9gissant les<br \/>\nhypoth\u00e8ques consortiales;<\/p>\n<p>\u2022 \u00e0 l\u2019examen de plus en plus approfondi<br \/>\nque m\u00e8ne le Bureau du surintendant<br \/>\ndes institutions financi\u00e8res des<br \/>\npr\u00eateurs et assureurs en vertu des<br \/>\nLignes directrices B-20 and B-21 afin<br \/>\nd\u2019att\u00e9nuer les risques en souscription<br \/>\net assurance hypoth\u00e9caire; <\/p>\n<p>\u2022 aux discussions en cours avec les<br \/>\ncompagnies de gestion d\u2019\u00e9valuation<br \/>\nvisant \u00e0 mettre l\u2019accent sur  la qualit\u00e9<br \/>\ndes \u00e9valuations qui continue de<br \/>\nprot\u00e9ger les int\u00e9r\u00eats du march\u00e9 et de<br \/>\nsoutenir la plus haute priorit\u00e9 de l\u2019ICE; <\/p>\n<p>\u2022 aux rappels aux pr\u00eateurs et assureurs<br \/>\nqu\u2019ils devraient consid\u00e9rer des<br \/>\n\u00e9valuations sur place pour obtenir des<br \/>\nvaleurs immobili\u00e8res plus exactes;  <\/p>\n<p>\u2022 \u00e0 l\u2019examen continu qu\u2019effectue la<br \/>\nBanque du Canada des vuln\u00e9rabilit\u00e9s<br \/>\ndu march\u00e9 et des faibles taux d\u2019int\u00e9r\u00eats<br \/>\nr\u00e9sultants qui continuent d\u2019attirer les<br \/>\ninvestissements dans l\u2019immobilier; <\/p>\n<p>\u2022 et \u00e0 beaucoup d\u2019autres questions.<br \/>\nIl va sans dire que toutes ces<br \/>\nimportantes questions ont de s\u00e9rieuses<br \/>\nr\u00e9percussions sur l\u2019industrie de<br \/>\nl\u2019\u00e9valuation. En plus de suivre ces<br \/>\ndossiers, le sous-comit\u00e9 de la d\u00e9fense<br \/>\ndes droits rencontre \u00e9galement<br \/>\nles principales parties int\u00e9ress\u00e9es,<br \/>\ncollabore avec les gouvernements<br \/>\nprovinciaux et f\u00e9d\u00e9ral et si\u00e8ge sur des<br \/>\nconseils et comit\u00e9s consultatifs afin de<br \/>\nfournir une perspective et expertise<br \/>\nlors des r\u00e9unions en personne et<br \/>\ndans la correspondance officielle.<\/p>\n<p>Jusqu\u2019\u00e0 maintenant, les r\u00e9sultats<br \/>\nobtenus et la r\u00e9troaction re\u00e7ue de nos<br \/>\nmembres nous assurent que nous sommes<br \/>\nsur la bonne voie. Nos membres ont<br \/>\nsignal\u00e9 une augmentation de 13 % en<br \/>\n\u00e9valuations r\u00e9sidentielles et commerciales<br \/>\nentre 2014 et 2015, ce qui repr\u00e9sente<br \/>\npr\u00e8s de mille milliards de dollars d\u2019actifs<br \/>\n\u00e0 \u00e9valuer. \u00c0 elles seules, les \u00e9valuations<br \/>\nr\u00e9sidentielles ont augment\u00e9 de 38 %. <\/p>\n<p>La question de l\u2019heure est la suivante\u00a0:<br \/>\nqu\u2019est-ce qui explique cette augmentation?  <\/p>\n<p>Est-ce l\u2019examen plus rigoureux des<br \/>\nassureurs et pr\u00eateurs effectu\u00e9 par BSIF<br \/>\nconsistant \u00e0 introduire des proc\u00e9d\u00e9s<br \/>\nvisant \u00e0 obtenir la valeur exacte des biens<br \/>\ngrev\u00e9s utilis\u00e9s pour la souscription des<br \/>\nhypoth\u00e8ques? Est-ce l\u2019effort concert\u00e9 de<br \/>\nl\u2019ICE \u00e0 communiquer et \u00e0 am\u00e9liorer nos<br \/>\nrelations avec les pr\u00eateurs, les assurances<br \/>\net les CGE? Est-ce le fait d\u2019avoir<br \/>\nr\u00e9p\u00e9t\u00e9 le message que \u00ab\u00a0les \u00e9valuateurs<br \/>\nde l\u2019ICE sont des professionnels de<br \/>\nchoix\u00a0\u00bb et la facilit\u00e9 de trouver des<br \/>\n\u00e9valuateurs de qualit\u00e9 avec l\u2019outil<br \/>\nTrouver un \u00e9valuateur sur notre site<br \/>\nWeb? Ou est-ce simplement un r\u00e9sultat<br \/>\nde l\u2019explosion du march\u00e9 immobilier<br \/>\ndans certaines r\u00e9gions du pays?<\/p>\n<p>La r\u00e9ponse \u00e0 ces questions est\u00a0: pour<br \/>\ntoutes ces raisons. Il est probable que<br \/>\ntoutes ces variables ont contribu\u00e9 \u00e0<br \/>\nl\u2019augmentation du travail d\u2019\u00e9valuation<br \/>\nchez nos membres, mais nous ne devons<br \/>\njamais cesser de d\u00e9velopper notre r\u00e9seau<br \/>\nde relations \u00e0 la grandeur du pays.<\/p>\n<p>Avec l\u2019arriv\u00e9e de 2017, le sous-<br \/>\ncomit\u00e9 de la d\u00e9fense des droits de<br \/>\nl\u2019ICE continuera de d\u00e9velopper des<br \/>\nrelations et strat\u00e9gies efficaces  avec les<br \/>\ngouvernements et les parties int\u00e9ress\u00e9es.<br \/>\nLes membres qui ont d\u2019autres<br \/>\npr\u00e9occupations \u00e0 porter \u00e0 l\u2019attention du <\/p>\n<p>sous-comit\u00e9 sont pri\u00e9s de communiquer<br \/>\navec leur repr\u00e9sentant provincial, avec le<br \/>\npr\u00e9sident, John Manning, AACI, P.App<br \/>\n\u00e0 jcm77@telus.net ou avec Sheila Roy,<br \/>\ndirectrice, Marketing et Communication \u00e0<br \/>\nsheilar@aicanada.ca. <\/p>\n<p>Nous remercions tous les b\u00e9n\u00e9voles qui<br \/>\nparticipent aux travaux du sous-comit\u00e9<br \/>\nde la d\u00e9fense des droits de l\u2019ICE pour leur<br \/>\nincroyable d\u00e9vouement \u00e0 l\u2019avancement de<br \/>\nla profession.<\/p>\n<p>Repr\u00e9sentants provinciaux<br \/>\nSASK. &#8211; Kim Maber, AACI, P.App<br \/>\nALB. &#8211; Terry Brooke, AACI, P.App<br \/>\nQU\u00c9. &#8211; Daniel Pinard, AACI, P.App<br \/>\nQU\u00c9. &#8211; Louis Poirier, AACI, P.App<br \/>\nT.-N.-L. &#8211; Glen Power, AACI, P.App<br \/>\nC.-B. &#8211; David Aberdeen, AACI, P.App<br \/>\nN.-B. &#8211; Andy Leech, CRA<br \/>\nONT. &#8211; Oliver Tighe, AACI, P.App<br \/>\nONT. &#8211; *un nouveau membre du comit\u00e9<br \/>\n est Robin Jones, AACI, P.App<br \/>\n\u00ce.-P.-\u00c9. &#8211; Jan Wicherek, AACI, P.App<br \/>\nMAN. &#8211; Laura Kemp, CRA<br \/>\nMAN. &#8211; Darrell Thorvaldson, AACI, P.App<\/p>\n<p>Repr\u00e9sentants nationaux<br \/>\nNAT. &#8211; John Manning, AACI, P.App<br \/>\nNAT. &#8211; Keith Lancastle, Chef de la direction<br \/>\nNAT. &#8211; Sheila Roy, directrice,<br \/>\nCommunications<\/p>\n<p>Directeurs ex\u00e9cutifs<br \/>\nC.-B. &#8211; Janice O\u2019Brien<br \/>\nALB. &#8211; Christine Vandelinder<br \/>\nSASK. &#8211; Marilyn Steranka<br \/>\nMAN. &#8211; Pamela Wylie<br \/>\nONT. &#8211; Vikki Leslie<br \/>\nQU\u00c9  &#8211; Nicole Lafl\u00e8che Anderson<br \/>\nN.-B. &#8211; Jennifer Logan<br \/>\n\u00ce.-P.-\u00c9. &#8211; Suzanne Pater<br \/>\nN.-\u00c9. &#8211; Davida Mackay <\/p>\n<p>\u00ab LE SOUS-COMIT\u00c9 DE LA D\u00c9FENSE DES DROITS RENCONTRE \u00c9GALEMENT LES<br \/>\nPRINCIPALES PARTIES INT\u00c9RESS\u00c9ES, COLLABORE AVEC LES GOUVERNEMENTS <\/p>\n<p>PROVINCIAUX ET F\u00c9D\u00c9RAL ET SI\u00c8GE SUR DES CONSEILS ET COMIT\u00c9S<br \/>\nCONSULTATIFS AFIN DE FOURNIR UNE PERSPECTIVE ET EXPERTISE. \u00bb<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 49Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>mailto:jcm77@telus.net<br \/>\nmailto:sheilar@aicanada.ca<\/p>\n<p>EDUCATION<\/p>\n<p>M embership in the Appraisal Institute of Canada (AIC) has experienced a moderate growth of 2-4% every year over the<br \/>\nlast few years. The question is:<br \/>\n\u201cIs this good?\u201d The simple answer is YES!  <\/p>\n<p>This growth is sustaining our<br \/>\nassociation and assisting AIC in its<br \/>\nsuccession plans. There is no doubt that we<br \/>\nhave an aging membership and retirement<br \/>\nis on the minds of many.  <\/p>\n<p>In 2011, AIC conducted a survey of<br \/>\nmembers, stakeholders, large and small<br \/>\nvaluation organizations and government<br \/>\norganizations to determine the need for<br \/>\ngrowth. The response was overwhelming. It<br \/>\nwas determined that over 1,000 new mem-<br \/>\nbers were needed over the next five years.<br \/>\nThis was due to growth in the industry as<br \/>\nwell as retirement of our members.  <\/p>\n<p>Were the numbers right?<br \/>\nMember statistics indicate that the findings<br \/>\nof the survey were right. From 2011, we<br \/>\nhave seen a decrease in active CRAs and<br \/>\nAACIs and an increase in retired members.<br \/>\nThis trend seems to increase year after year.<br \/>\nTherefore, an increase in the number of<br \/>\nactive members needs to come from within<br \/>\nthe Candidate membership. In 2015, there<br \/>\nwas an increase of almost 50% alone,<br \/>\nrepresenting 328 new Candidate Members.<br \/>\nThis is positive and means that our<br \/>\nassociation is evolving and is sustainable in<br \/>\nthe long term.  <\/p>\n<p>But, what impact does this influx of<br \/>\nCandidate Members have on AIC?<\/p>\n<p>More Candidates<br \/>\nmeans more mentors<br \/>\nAlthough AIC does not have a crystal ball,<br \/>\nthere are some certainties we know. The<br \/>\nincrease in Candidate Members means there<br \/>\nis a greater need for jobs, co-signers and<br \/>\nmentors. The industry is strong because of<br \/>\nour accreditation process and professional<br \/>\nstandards that our membership has<br \/>\ndeveloped over the last 78 years. Mentoring<br \/>\nand helping the next generation is critical to<br \/>\nmaintaining our reputation, our industry and<br \/>\nthe Institute. <\/p>\n<p>Candidates come in with a minimum of<br \/>\ntwo years of post-secondary education and<br \/>\nare required to take the courses BUSI\u00a0330<br \/>\nor GUI 3102, which gives them a solid<br \/>\nfoundation in the valuation profession. That<br \/>\nis just the foundation and they will continue<br \/>\nto take academic courses to learn the theory<br \/>\nof valuation methods. However, it is the<br \/>\nexperience they receive outside the classroom<br \/>\nwhere they will grow into appraisal<br \/>\nprofessionals who understand the real estate<br \/>\nindustry and the valuation profession.  <\/p>\n<p>Our fee Candidate Members are<br \/>\nbeing co-signed by Designated Members.<br \/>\nUnfortunately, not all co-signers are<br \/>\nmentoring. This gap needs to change. As a<br \/>\nco-signer, you can grow your company and<br \/>\nexpand your scope, but by mentoring while<br \/>\nyou co-sign, you give Candidates more than<br \/>\na signature \u2013 you give them a future.<\/p>\n<p>There is a perception that mentoring<br \/>\ntakes up too much time. Without a doubt,<br \/>\nmentoring takes more time than co-signing,<br \/>\nbut it is not as much time as people think, <\/p>\n<p>CANDIDATE GROWTH\u2026<br \/>\nWHERE DO WE GO FROM HERE?<\/p>\n<p>B Y  T H O M A S  F O X ,  A A C I ,  P . A P P<br \/>\nV OLUN T EER CH A IR ,  A DMIS SIONS A ND ACCREDI TAT ION COMMI T T EE<\/p>\n<p>\u201cAS DESIGNATED<br \/>\nMEMBERS, WE ARE <\/p>\n<p>ALL RESPONSIBLE TO<br \/>\n\u2018GIVE-BACK\u2019 TO OUR <\/p>\n<p>MEMBERSHIP TO TEACH<br \/>\nTHE NEXT GENERATION <\/p>\n<p>ABOUT THE IMPORTANCE<br \/>\nOF REPRESENTING <\/p>\n<p>THEMSELVES AS<br \/>\nPROFESSIONAL <\/p>\n<p>APPRAISERS AND PROUD<br \/>\nMEMBERS OF AIC.\u201d<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201650 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>EDUCATION<\/p>\n<p>and the benefit to you and your company<br \/>\ncan be significant.  <\/p>\n<p>In fact, many mentors tell us that they<br \/>\nhave learned as much from their Candi-<br \/>\ndates as they have taught. Candidates are<br \/>\nlearning about diversification and new areas<br \/>\nto expand the scope of their practice. This<br \/>\ncan grow your organization to offer more<br \/>\nthan just appraisals. As a bonus, a mentor<br \/>\ncan collect 10 CPD credits per year.  <\/p>\n<p>The AIC mentoring program focuses<br \/>\non the First Principles of Value and our<br \/>\nCore Competencies. Gone are the days<br \/>\nof reviewing logbooks. Now, Candidates<br \/>\nmust demonstrate examples of each<br \/>\nof these competencies and principles.<br \/>\nThese\u00a0examples are based on more unique<br \/>\nvaluation projects and not cookie cutter<br \/>\nappraisals. By mentoring, you do have to<br \/>\ngradually increase the level of difficulty in<br \/>\nassignments for your Candidate. That will<br \/>\nbenefit you and your Candidate.  <\/p>\n<p>Change is good<br \/>\nThe industry continues to change<br \/>\nquickly. New Candidates join every<br \/>\nday, and this is something that we<br \/>\nneed to embrace for the sustainability<br \/>\nof our designations, our reputation<br \/>\nand our association. The appraisal<br \/>\nindustry is something people seek as<br \/>\na career now more than ever because<br \/>\nof its diversity. New Candidates bring<br \/>\nnew knowledge and enthusiasm to the<br \/>\nindustry and, as Designated Members,<br \/>\nwe are all responsible to \u2018give-back\u2019<br \/>\nto our membership to teach the next<br \/>\ngeneration about the importance of<br \/>\nrepresenting themselves as professional<br \/>\nappraisers and proud members of<br \/>\nAIC. Remember, you had a mentor<br \/>\nwhen you were becoming a designated<br \/>\nappraiser, whether it was a formal or<br \/>\ninformal process. Where would you be<br \/>\nnow if you did not have that mentor? <\/p>\n<p>&laquo;&nbsp;WHERE WOULD YOU<br \/>\nBE NOW IF YOU DID NOT  <\/p>\n<p>HAVE THAT MENTOR?&nbsp;&raquo;<\/p>\n<p>HOW CAN YOU PUT<br \/>\nA VALUE ON <\/p>\n<p>ENVIRONMENTAL RISK?<\/p>\n<p>For more information, please call<br \/>\n1-866-517-5204 or visit our website at <\/p>\n<p>www.erisinfo.com.<\/p>\n<p>You\u2019re an expert at appraising<br \/>\nproperties, but did you know you can<br \/>\nalso calculate risk that may be hidden <\/p>\n<p>around a site? ERIS is Canada\u2019s<br \/>\nleading provider of environmental risk <\/p>\n<p>information, data and historical records<br \/>\nthat can help you uncover the things you <\/p>\n<p>can\u2019t see on your own.<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 51Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.erisinfo.com<\/p>\n<p>\u00c9DUCATION<\/p>\n<p>\u00ab \u00c0 TITRE DE<br \/>\nMEMBRES D\u00c9SIGN\u00c9S,<br \/>\nLA RESPONSABILIT\u00c9<br \/>\nDE REMETTRE \u00c0 NOS <\/p>\n<p>MEMBRES ET D\u2019ENSEIGNER<br \/>\n\u00c0 LA PROCHAINE <\/p>\n<p>G\u00c9N\u00c9RATION L\u2019IMPORTANCE<br \/>\nDE SE PR\u00c9SENTER <\/p>\n<p>COMME \u00c9VALUATEURS<br \/>\nPROFESSIONNELS ET FIERS <\/p>\n<p>MEMBRES DE L\u2019ICE. \u00bb<\/p>\n<p>CROISSANCE DES STAGIAIRES\u2026<br \/>\nO\u00d9 ALLONS-NOUS MAINTENANT?<\/p>\n<p>P A R  T H O M A S  F O X ,  A A C I ,  P . A P P<br \/>\nPR\u00c9 SIDEN T B\u00c9N\u00c9 V OL E , COMI T \u00c9 DE S A DMIS SIONS E T ACCR\u00c9DI TAT IONS<\/p>\n<p>L es effectifs de membres de l\u2019Institut canadien des \u00e9valuateurs (ICE) ont connu une croissance  mod\u00e9r\u00e9e<br \/>\nde 2-4 % par ann\u00e9e au cours des<br \/>\nderni\u00e8res ann\u00e9es. La question qu\u2019on<br \/>\nest en droit de se poser est la suivante\u00a0:<br \/>\nEst-ce une bonne chose? <\/p>\n<p>La r\u00e9ponse courte est OUI!<br \/>\nCette croissance maintient notre <\/p>\n<p>association et aide l\u2019ICE \u00e0 planifier la<br \/>\nrel\u00e8ve. Il ne fait aucun doute que nos<br \/>\nmembres vieillissent et que plusieurs<br \/>\nsongent \u00e0 la retraite. <\/p>\n<p>En 2011, l\u2019ICE a effectu\u00e9 un<br \/>\nsondage aupr\u00e8s de ses membres, parties<br \/>\nint\u00e9ress\u00e9es, grands et petits organismes<br \/>\nd\u2019\u00e9valuation et organisations<br \/>\ngouvernementales afin d\u2019\u00e9tablir le<br \/>\nbesoin de croissance.  La r\u00e9ponse a<br \/>\n\u00e9t\u00e9 sans \u00e9quivoque. Il est ressorti de<br \/>\ncette enqu\u00eate que l\u2019ICE devait recruter<br \/>\nplus de 1 000 nouveaux membres au<br \/>\ncours des cinq ann\u00e9es suivantes. Ces<br \/>\nchiffres r\u00e9sultaient de la croissance de<br \/>\nl\u2019industrie ainsi que des retraites de<br \/>\nnos membres.  <\/p>\n<p>Les chiffres \u00e9taient-ils exacts?<br \/>\nLes statistiques des membres<br \/>\nindiquent que les constatations du<br \/>\nsondage \u00e9taient exactes. Depuis<br \/>\n2011, nous avons observ\u00e9 une<br \/>\ndiminution des CRA et AACI actifs<br \/>\net une augmentation des membres<br \/>\n\u00e0 la retraite. Cette tendance semble<br \/>\ns\u2019accentuer d\u2019ann\u00e9e en ann\u00e9e. <\/p>\n<p>Par\u00a0cons\u00e9quent, une augmentation<br \/>\ndu nombre de membres actifs doit<br \/>\nprovenir des effectifs de stagiaires.<br \/>\nEn 2015, l\u2019augmentation a \u00e9t\u00e9 de<br \/>\npr\u00e8s de 50 %, soit l\u2019arriv\u00e9e de 328<br \/>\nnouveaux membres stagiaires. C\u2019est<br \/>\nune bonne chose et le signe que<br \/>\nnotre association \u00e9volue et pourra se<br \/>\nmaintenir \u00e0 long terme.  <\/p>\n<p>Mais, quelles seront les<br \/>\nr\u00e9percussions de cet afflux de<br \/>\nnouveaux stagiaires sur l\u2019ICE?<\/p>\n<p>Plus de stagiaires<br \/>\nsignifient plus de mentors<br \/>\nSi l\u2019ICE n\u2019a pas de boule de cristal,<br \/>\nnous avons quand m\u00eame quelques<br \/>\ncertitudes. L\u2019augmentation du<br \/>\nnombre de stagiaires signifie un<br \/>\nplus grand besoin d\u2019emplois,<br \/>\nde cosignataires et de mentors.<br \/>\nL\u2019industrie est forte \u00e0 cause du<br \/>\nprocessus d\u2019accr\u00e9ditation et des<br \/>\nnormes professionnelles que nos<br \/>\nmembres ont mis en place au cours<br \/>\ndes 78 derni\u00e8res ann\u00e9es. Le mentorat<br \/>\net l\u2019aide \u00e0 la g\u00e9n\u00e9ration montante<br \/>\nsont essentiels au maintien de notre<br \/>\nr\u00e9putation, de notre industrie et de<br \/>\nl\u2019Institut. <\/p>\n<p>Les stagiaires nous arrivent<br \/>\navec au moins deux ans d\u2019\u00e9tudes<br \/>\npostsecondaires et sont tenus de<br \/>\nsuivre les cours BUSI\u00a0330 ou GUI<br \/>\n3102, qui fournissent une base<br \/>\nsolide \u00e0 la profession d\u2019\u00e9valuateur.<br \/>\nC\u2019est un point de d\u00e9part qui leur <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201652 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>\u00c9DUCATION<\/p>\n<p>permettra de poursuivre leurs \u00e9tudes<br \/>\npour apprendre la th\u00e9orie des m\u00e9thodes<br \/>\nd\u2019\u00e9valuation. Cependant, c\u2019est<br \/>\nl\u2019exp\u00e9rience qu\u2019ils acqui\u00e8rent en dehors<br \/>\nde la salle de classe qui fera d\u2019eux des<br \/>\nprofessionnels de l\u2019\u00e9valuation qui<br \/>\ncomprennent l\u2019industrie immobili\u00e8re et<br \/>\nla profession d\u2019\u00e9valuateur.  <\/p>\n<p>Nos stagiaires \u00e0 honoraires ont<br \/>\ntous un membre d\u00e9sign\u00e9 comme<br \/>\ncosignataire. Malheureusement, les<br \/>\ncosignataires ne sont pas tous des<br \/>\nmentors. C\u2019est cette lacune qu\u2019il<br \/>\nnous faut combler. En qualit\u00e9 de<br \/>\ncosignataire, vous pouvez d\u00e9velopper<br \/>\nvotre compagnie et \u00e9largir la port\u00e9e<br \/>\nde votre pratique, mais en \u00e9tant<br \/>\nsimultan\u00e9ment mentor et cosignataire,<br \/>\nvous donnez aux stagiaires plus qu\u2019une<br \/>\nsimple signature \u2013 vous leur donnez<br \/>\nun avenir.<\/p>\n<p>Les membres d\u00e9sign\u00e9s ont<br \/>\nl\u2019impression que le mentorat exige<br \/>\nbeaucoup de temps. Il ne fait<br \/>\naucun doute que le mentorat prend<br \/>\nplus de temps que la cosignature,<br \/>\nmais moins de temps que ce que<br \/>\nl\u2019on pense, et les avantages que<br \/>\nvous et votre compagnie en retirent<br \/>\npeuvent \u00eatre importants.  <\/p>\n<p>\u00c0 vrai dire, plusieurs mentors<br \/>\nnous informent qu\u2019ils ont appris<br \/>\ndavantage de leurs stagiaires que ce<br \/>\nqu\u2019ils ont enseign\u00e9. Les stagiaires<br \/>\napprennent la diversification et les<br \/>\nnouveaux domaines pour \u00e9largir<br \/>\nla port\u00e9e de leur pratique. Ceci<br \/>\npeut permettre \u00e0 votre organisation<br \/>\nd\u2019offrir plus que des \u00e9valuations.<br \/>\nEn prime, un mentor peut<br \/>\naccumuler 10 cr\u00e9dits de PPC<br \/>\npar ann\u00e9e.  <\/p>\n<p>Le programme de mentorat de<br \/>\nl\u2019ICE met l\u2019accent sur les premiers<br \/>\nprincipes de valeur et sur nos<br \/>\ncomp\u00e9tences essentielles. Il ne s\u2019agit<br \/>\nplus de passer en revue des livres<br \/>\nde bord. Maintenant, les stagiaires<br \/>\ndoivent donner des exemples de chacun<br \/>\nde ces principes et comp\u00e9tences. Ces<br \/>\nexemples reposent sur des projets<br \/>\nd\u2019\u00e9valuation uniques et non sur des<br \/>\n\u00e9valuations faites en s\u00e9rie. Quand vous<br \/>\nprodiguez un mentorat, vous devez<br \/>\naugmenter progressivement le niveau<br \/>\nde difficult\u00e9 des contrats de service de<br \/>\nvotre stagiaire. Vous et votre stagiaire<br \/>\nen b\u00e9n\u00e9ficierez.<\/p>\n<p>Le changement<br \/>\nest une bonne chose<br \/>\nL\u2019industrie a chang\u00e9 et continue de<br \/>\nchanger rapidement. De nouveaux<br \/>\nstagiaires arrivent chaque jour et<br \/>\nc\u2019est quelque chose que nous devons<br \/>\nreconna\u00eetre comme essentiel \u00e0 la<br \/>\ndurabilit\u00e9 de nos d\u00e9signations, \u00e0 notre<br \/>\nr\u00e9putation et \u00e0 notre association.<br \/>\nL\u2019industrie de l\u2019\u00e9valuation est une<br \/>\ncarri\u00e8re recherch\u00e9e plus que jamais<br \/>\n\u00e0 cause de sa diversit\u00e9. Les nouveaux<br \/>\nstagiaires apportent un bagage de<br \/>\nconnaissances et leur enthousiasme \u00e0<br \/>\nl\u2019industrie et nous avons tous, \u00e0 titre<br \/>\nde membres d\u00e9sign\u00e9s, la responsabilit\u00e9<br \/>\nde remettre \u00e0 nos membres et<br \/>\nd\u2019enseigner \u00e0 la prochaine g\u00e9n\u00e9ration<br \/>\nl\u2019importance de se pr\u00e9senter comme<br \/>\n\u00e9valuateurs professionnels et fiers<br \/>\nmembres de l\u2019ICE. Rappelez-vous que<br \/>\nvous aviez un mentor avant de devenir<br \/>\nun membre d\u00e9sign\u00e9, que ce soit dans<br \/>\nun processus formel ou informel.<br \/>\nO\u00f9 seriez-vous aujourd\u2019hui, si vous<br \/>\nn\u2019aviez pas eu ce mentor? <\/p>\n<p>\u00ab O\u00d9 SERIEZ-VOUS<br \/>\nAUJOURD\u2019HUI,  <\/p>\n<p>SI VOUS N\u2019AVIEZ PAS<br \/>\nEU CE MENTOR? \u00bb<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 53Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>NEWS\/NOUVELLES<\/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\/blogue-de-lice\/<\/p>\n<p>PROMOTE YOUR APPRAISAL BUSINESS AND  THE PROFESSION\/<br \/>\nFAITES LA PROMOTION DE VOTRE ENTREPRISE ET DE LA PROFESSION<\/p>\n<p>AIC 2017 CALENDAR<br \/>\nFeaturing amazing photos taken by your appraisal <\/p>\n<p>colleagues and others from across Canada<br \/>\nOrder multiple copies for your clients now!<\/p>\n<p>CALENDRIER 2017 DE L&rsquo;ICE<br \/>\nPr\u00e9sentant de magnifiques photos, prises par vos <\/p>\n<p>coll\u00e8gues \u00e9valuateurs et autres de partout de Canada<br \/>\nCommandez-en de multiples copies pour vos clients d\u00e8s maintenant!<\/p>\n<p>Download your order form at http:\/\/www.aicanada.ca\/aic-2016-photo-contest-winners\/<br \/>\nT\u00e9l\u00e9chargez votre formulaire de commande \u00e0 https:\/\/www.aicanada.ca\/fr\/aic-2016-photo-contest-winners\/<\/p>\n<p> NEW FOR 2017!   <\/p>\n<p>For an added cost, calendars<br \/>\ncan be personalized with your<br \/>\ncompany name, logo and<br \/>\ncontact information.<br \/>\nSee the order form for details.<\/p>\n<p> NOUVEAU EN 2017!   <\/p>\n<p>Moyennant des frais<br \/>\nadditionnels, les calendriers<br \/>\npeuvent \u00eatre personnalis\u00e9s<br \/>\navec le nom et le logo de votre<br \/>\ncompagnie et ses coordonn\u00e9es.<br \/>\nVoir les d\u00e9tails sur le bon de commande.<\/p>\n<p>P resenting new ideas, challenging the status quo, and encouraging us to think outside the box, our AIC Exchange encourages conversation and enhances understanding among the valuation community and<br \/>\nreal estate industry. <\/p>\n<p>While feature articles submitted by AIC members,<br \/>\npartners and other real estate experts are reviewed for<br \/>\nreadability and appropriateness, the blog provides editorial<br \/>\nfreedom to present ideas and views that may be contrary to<br \/>\npopular opinion. <\/p>\n<p>Submit an article or comment in the language of your<br \/>\nchoice to add to the discussions and debates. Share the<br \/>\narticle with your clients, colleagues and friends to enhance<br \/>\ntheir understanding of what an appraiser does.<\/p>\n<p>Your participation will make this a rich resource and<br \/>\nconnect people from different regions with different views. <\/p>\n<p>See www.AICexchange.ca for details.<\/p>\n<p>BE A PART OF THE PRENEZ PART AU<\/p>\n<p>C on\u00e7u pour pr\u00e9senter de nouvelles id\u00e9es, d\u00e9fier le statu quo et encourager le lecteur \u00e0 sortir des sentiers battus, \u00c9change de l\u2019ICE encourage la conversation et favorise la compr\u00e9hension au sein de la communaut\u00e9 des \u00e9valuateurs et<br \/>\nde l\u2019industrie immobili\u00e8re. <\/p>\n<p>Alors que les articles vedettes soumis par les membres et<br \/>\npartenaires de l\u2019ICE et autres experts de l\u2019immobilier sont revus<br \/>\npour en assurer  la lisibilit\u00e9 et la pertinence, le blogue donne pleine<br \/>\nlibert\u00e9 \u00e0 l\u2019expression d\u2019id\u00e9es et de points de vue qui peuvent \u00eatre<br \/>\ncontraires \u00e0 l\u2019opinion populaire.   <\/p>\n<p>Soumettez un article ou un commentaire dans la langue de votre<br \/>\nchoix afin d\u2019animer le d\u00e9bat et la discussion. Partagez les articles<br \/>\nque nous afficherons avec vos clients, vos coll\u00e8gues et vos amis afin<br \/>\nde les aider \u00e0 mieux comprendre le travail d\u2019un \u00e9valuateur. Votre<br \/>\nparticipation fera de ce blogue une pr\u00e9cieuse ressource qui rapprochera<br \/>\nles gens de diff\u00e9rentes r\u00e9gions et de diff\u00e9rents points de vue. <\/p>\n<p>Pour plus de d\u00e9tails, consultez www.\u00c9changeICE.ca<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201654 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/aicexchange.ca\/aic-blog\/<br \/>\nhttp:\/\/\ufffdchangeice.ca\/blogue-de-lice\/<br \/>\nhttp:\/\/www.aicanada.ca\/aic-2016-photo-contest-winners\/<br \/>\nhttps:\/\/www.aicanada.ca\/fr\/aic-2016-photo-contest-winners\/<br \/>\nhttp:\/\/www.AICexchange.ca<br \/>\nhttp:\/\/www.\ufffdchangeICE.ca<\/p>\n<p>NEWS\/NOUVELLES<\/p>\n<p>IN MEMORIAM<\/p>\n<p>The 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!<\/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>Robert Bradley, CRA<br \/>\nPrince George, BC<\/p>\n<p>Dan Fournier, AACI, P.App<br \/>\nMedicine Hat, AB<\/p>\n<p>Mike Rohrer, CRA<br \/>\nTecumseh, ON<\/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>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 55Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"lcupJ9XNWQ\"><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=5UdCfysOrX#?secret=lcupJ9XNWQ\" data-secret=\"lcupJ9XNWQ\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>AIC extends a very special thank you to the 2016 Conference<br \/>\nChairs, Gordon Daman, AACI, P.App; Eric Krueger, AACI, P.App;<br \/>\nand their conference committee, as well as to the enthusiastic and<br \/>\nenergetic group of volunteers who dedicated their time and efforts<br \/>\nto making our recent Winnipeg conference a great success.<\/p>\n<p>In June, AIC members from across Canada, along with speakers,<br \/>\nsponsors and guests, came together in Winnipeg for a busy three<br \/>\ndays at \u2018AIC 2016 \u2013 Emerging Horizon.\u2019 The pre-conference<br \/>\nactivities started on June 8 with a spectacular day for golf and<br \/>\nnetworking at Winnipeg\u2019s Larters at St. Andrews Golf Club.<\/p>\n<p>Again this year, the popular Wednesday evening networking<br \/>\nevent for Candidates, students and newly Designated Members<br \/>\nwas a hit, with newer members eager to kick off their conference<br \/>\nweek as they networked with AIC key partners, members of the<br \/>\nExecutive Board, provincial executive directors and AIC staff.<\/p>\n<p>Later on Wednesday evening, everyone congregated for<br \/>\nthe Welcome Reception at the historic Fort Garry Hotel<br \/>\nin downtown Winnipeg to enjoy food, drinks, networking<br \/>\nand the big band sounds of the Murray Riddell Band. The<br \/>\nevening included a very successful fundraiser, with all proceeds<br \/>\nbenefiting AIC\u2019s Charity of Choice \u2013 Habitat for Humanity. <\/p>\n<p>Thursday\u2019s Conference kick-off featured keynote speaker,<br \/>\nJon Montgomery, 2010 Olympic Gold Medalist and host of<br \/>\nThe\u00a0Amazing Race Canada. He inspired and entertained the<br \/>\naudience as he shared stories of his Olympic journey and lessons<br \/>\non teamwork, leadership, and dreaming big. Jon finished his<br \/>\nsession by taking photos with the attendees and giving many of<br \/>\nthem the opportunity to try on his Olympic medal.  <\/p>\n<p>(Top) Keynote Speaker, Jon Montgomery with AIC member, Kevin<br \/>\nStark, CRA; (Bottom) Outgoing President, Daniel Doucet, AACI, P. App.,<br \/>\nFellow receives certificate from President, Dan Brewer, AACI, P.App<\/p>\n<p>AIC<br \/>\n20 6<\/p>\n<p>MEMORIES FROM         AN OUTSTANDING EVENT <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201656 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>Delegates attended a series of education sessions throughout<br \/>\nthe conference featuring timely and informative topics as well<br \/>\nas practical business solutions offered in various interactive<br \/>\nformats. For more information on the conference sessions visit<br \/>\nwww.aicanada.ca\/aic-2016, where you will find a link to the<br \/>\ne-library of PowerPoint presentations from several of our speakers.<\/p>\n<p>On Thursday, delegates attended a lunch where AIC proudly<br \/>\nannounced several partnership initiatives focused on advancing<br \/>\nour efforts to develop meaningful options to assist our members<br \/>\nin diversifying their practice and positioning themselves as the<br \/>\nprofessional appraisers of choice. Those partnership announcements<br \/>\nare outlined on page 38 of this issue of Canadian Property Valuation<br \/>\nin the Around the Globe article.<\/p>\n<p>Thursday night\u2019s Networking Evening was held at Canada\u2019s newest<br \/>\nnational museum \u2013 the architecturally striking Canadian Museum<br \/>\nof Human Rights. Conference delegates were free to roam along the<br \/>\nramps of glowing alabaster and criss-cross galleries, then congregate<br \/>\nin some of the large open spaces to enjoy an enticing variety of food<br \/>\nstations and music provided by Raine Hamilton. This inspiring,<br \/>\ninformal evening in an extraordinary setting gave delegates a chance to<br \/>\nrelax, reconnect and appreciate an experience unique to Winnipeg.<\/p>\n<p>On Friday, all in attendance enjoyed an Awards Luncheon<br \/>\nrecognizing the many individuals who contribute their time and<br \/>\ntalents to help support AIC and the profession. During the luncheon,<br \/>\nwe honored Mike Schulkowsky, AACI, P.App  and Rosmarie<br \/>\nBuxbaum by presenting them with the President\u2019s Citation. We also<br \/>\npresented Joanne Slaney, AACI, P.App and Clifford Smirl, AACI,<br \/>\nP.App with the Top\u00a0Appraiser Under 40 Award.<\/p>\n<p>Friday afternoon concluded with the Annual General<br \/>\nMeeting (AGM), which was attended by conference<br \/>\ndelegates as well as many members across the country who<br \/>\nparticipated as online virtual attendees. Members were<br \/>\npresented with reports highlighting the past year\u2019s key<br \/>\ninitiatives and accomplishments. Dan Brewer was inducted<br \/>\nas President and the new Board of Directors was elected.<\/p>\n<p>On Friday evening, delegates gathered for the highly<br \/>\nanticipated gala event, the President\u2019s Dinner. During the<br \/>\nevening, AIC\u2019s new President, Dan Brewer, AACI, P.App<br \/>\nfrom Newmarket, Ontario presented outgoing Board<br \/>\nmembers, Dan Wilson, AACI, P. App., of British Columbia;<br \/>\nGlen Power, AACI, P.App of Newfoundland; and Louis<br \/>\nPoirier, AACI, P.App of Quebec with plaques recognizing<br \/>\ntheir contributions to the AIC national Board.  <\/p>\n<p>(Left) Peter Lawrek, AACI, P. App., Fellow; (Top Centre) AIC President, Dan Brewer, AACI, P. App., Davida Mackay, AACI, (Hon.),<br \/>\nPresident Elect, Richard Colbourne, AACI, P.App and Past President, Daniel Doucet, AACI, P. App., Fellow; (Bottom Centre) Craig<br \/>\nKelman receives Honorary AACI from AIC President Dan Brewer, AACI, P.App and AIC Past President, Daniel Doucet, AACI, P. App.,<br \/>\nFellow; (Right) Top Appraisers Under 40: Joanne Slaney, AACI, P.App and Clifford Smirl, AACI, P.App<\/p>\n<p>MEMORIES FROM         AN OUTSTANDING EVENT <\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 57Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.aicanada.ca\/aic-2016<\/p>\n<p>Dan also announced the 2016-2017 Executive including:<br \/>\n\u2022 Richard Colbourne, AACI, P.App (NS) \u2013 President Elect<br \/>\n\u2022 Peter McLean, AACI, P.App (ON) \u2013 Vice President<br \/>\n\u2022 Thomas Fox, AACI, P.App (SK) \u2013 Vice President<br \/>\n\u2022 Daniel Doucet, AACI, P. App., Fellow (NB) \u2013 Past President<\/p>\n<p>Other Board members for 2015-2016 from across Canada were<br \/>\nalso introduced including:<\/p>\n<p>\u2022 Michael Kirkland, AACI, P.App (NL)<br \/>\n\u2022 Daniel Pinard, AACI, P.App (QC)<br \/>\n\u2022 Peter McLean, AACI, P.App (ON)<br \/>\n\u2022 Paula Malcolm-Schaller, CRA (ON)<br \/>\n\u2022 Darrell Thorvaldson, AACI, P.App (MB)<br \/>\n\u2022 John Manning, AACI, P.App (AB)<br \/>\n\u2022 Ernie Paustian, AACI, P.App (AB)<br \/>\n\u2022 Daniel Jones, AACI, P.App (BC)<br \/>\n\u2022 Craig Barnsley, AACI, P.App (BC)<\/p>\n<p>Again this year, the evening featured a silent auction benefiting<br \/>\nAIC\u2019s Charity of Choice \u2013 Habitat for Humanity. This event,<br \/>\nas well as other initiatives throughout the conference week,<br \/>\nincluding the sale of our new AIC logo socks, resulted raising a<br \/>\ngrand total of $5,690 for Habitat for Humanity <\/p>\n<p>The conference closed on Saturday with more innovative<br \/>\neducational sessions, followed by farewells, as delegates headed<br \/>\nback to their hometowns. Be sure to view the photo gallery for<br \/>\nscenes from the conference at www.aicanada.ca\/aic-2016\/<\/p>\n<p>RECOGNIZING EXCELLENCE<br \/>\nPresident\u2019s Citation<br \/>\nThe President\u2019s Citation is awarded by the Institute to<br \/>\nrecognize in a meaningful way an individual or organization<br \/>\nwho has made a significant contribution to the growth and<br \/>\nenhancement of the appraisal profession. This year, outgoing<br \/>\nPresident Daniel Doucet recognized the contributions of two<br \/>\nindividuals by presenting Citations to Mike Schulkowsky,<br \/>\nAACI, P.App and Rosmarie Buxbaum.<\/p>\n<p>Mike Schulkowsky, AACI, P.App<br \/>\nMike Schulkowsky, one of AIC\u2019s long-standing volunteers<br \/>\nfrom Saskatchewan joined the AIC in December 1997<br \/>\nand earned his AACI designation in December 2006.<br \/>\nEmployed by the City of Regina\u2019s Assessment Department<br \/>\nas a Senior Assessor, Mike has been an active volunteer in<br \/>\nAIC\u2019s Professional Practice program for many years. He<br \/>\nserved as an Investigator for several years, then as Chair<br \/>\nof the Investigating Sub-Committee for two years. For<br \/>\nthe past 2-1\/2 years, Mike has volunteered in the busy<br \/>\nrole of Professional Practice Advocate. During his time as<br \/>\na volunteer, he has been an instrumental contributor to<br \/>\nAIC\u2019s Regulations published in 2012, 2014 and 2016. He<br \/>\nhas handled some extremely complex ethical and technical<br \/>\nfiles that have been very time-consuming. His knowledge<br \/>\nof administrative law, the quasi-judicial process, the<br \/>\nCanadian Uniform Standards of Professional Appraisal Practice<br \/>\n(CUSPAP), and appraisal practice, as well as his dedication<br \/>\nto the complaint resolution and disciplinary process go above<br \/>\nand beyond. <\/p>\n<p>Rosmarie Buxbaum, Director Finance &#038; Administration<br \/>\nRosmarie Buxbaum joined AIC in 2005. During her time<br \/>\nwith AIC, Rosmarie\u2019s contributions to the organization<br \/>\nhave been immeasurable. In recognition of her dedication<br \/>\nand commitment to AIC, including volunteering her time<br \/>\nabove and beyond her role as an employee and providing<br \/>\nher extensive experience as a staff liaison to several AIC<br \/>\nvolunteer committees, Rosmarie was awarded with the<br \/>\nPresident\u2019s Citation in advance of her June 30, 2016<br \/>\nretirement from AIC. <\/p>\n<p>Fellows<br \/>\nThe title of Fellow is granted to Designated Members who have<br \/>\ndistinguished themselves by their exemplary contributions to<br \/>\nthe profession. This is demonstrated by a high level of excellence<br \/>\nand achievement that has contributed to the advancement of<br \/>\nthe profession.<\/p>\n<p>This year in Winnipeg, Peter Lawrek, AACI, P. App.,<br \/>\nSaskatchewan and Past President Daniel Doucet, AACI, P. App.,<br \/>\nNew Brunswick were recognized for their outstanding volunteer<br \/>\ncommitment and awarded the title of Fellow.<\/p>\n<p>Peter Lawrek, AACI, P. App., Fellow<br \/>\nPeter has been a member of the AIC since 1976. Throughout<br \/>\nthe years, Peter has generously provided his time to our<br \/>\nassociation, with over 30 years of volunteer service both locally<br \/>\nand nationally. Peter has shown leadership and continues to<br \/>\nbe a great role model to our members. He has volunteered for<br \/>\nnumerous provincial and national committees and held the<br \/>\nChair position for many of those committees.<\/p>\n<p>Peter is a man who has truly dedicated his life to the<br \/>\nappraisal profession. Peter selflessly gives of his time to<br \/>\ncolleagues, clients, the AIC and even his competitors. He is<br \/>\nnever too busy to field a call or offer insight or advice on hard<br \/>\nto solve problems. A long-time friend, colleague and developer<br \/>\nsays, \u201cthe integrity to which he holds himself is impeccable.<br \/>\nHe is by far THE \u2018go-to\u2019 source in southern Saskatchewan<br \/>\nand is often referred to as the most knowledgeable man in real<br \/>\nestate by the commercial real estate community.\u201d What\u2019s more,<br \/>\nPeter is committed to mentoring the upcoming generation<br \/>\nand growing the profession. Over the years, he has mentored<br \/>\n11 appraisers, and 10 of those members are still active. He<br \/>\ncurrently mentors and reviews reports from six appraisers.<\/p>\n<p>Daniel Doucet, AACI, P. App., Fellow<br \/>\nAs is our tradition at the Appraisal Institute of Canada,<br \/>\noutgoing President Daniel Doucet was inducted as a Fellow<br \/>\nof the Institute. Daniel\u2019s contribution during his tenure as<br \/>\nPresident of AIC and indeed throughout his volunteer career<br \/>\nwith the Institute has demonstrated progressive leadership<br \/>\nto position AIC members as the \u2018valuation professionals of<br \/>\nchoice.\u2019 He has shown his commitment to our members by<br \/>\nbeing open to their suggestions and transparent about AIC\u2019s<br \/>\ndirection. His unwavering commitment to AIC and his efforts<br \/>\nto build new partnerships and implement new initiatives will<br \/>\naid in the advancement of the profession.<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201658 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.aicanada.ca\/aic-2016\/<\/p>\n<p>Honorary AACI<br \/>\nThis membership category instituted in 2007 is awarded to<br \/>\nindividuals who are ethically above reproach, and publicly recognized<br \/>\nas leasders in business, law, academia and other professions, and who<br \/>\ncontribute to the Institute\u2019s advancement of the profile, respect, body of<br \/>\nknowledge, and advocacy of the valuation profession.<\/p>\n<p>Davida Mackay, AACI (Hon.)<br \/>\nFor almost 30 years, Davida Mackay has served as the Executive<br \/>\nDirector of AIC-Nova Scotia and the Nova Scotia Real Estate<br \/>\nAppraisers Association (NSREAA). While Davida\u2019s role is a paid<br \/>\nposition, her contribution to the NSREAA membership and the<br \/>\nnational AIC organization has gone far beyond anything that her<br \/>\nemployment could have anticipated. In that capacity, she has nurtured<br \/>\nand guided countless AIC members from their initial inquiries about<br \/>\nmembership, through their Candidate journey and on to designation.<\/p>\n<p>During her tenure with AIC, Davida has always been very<br \/>\nsupportive in generously sharing advice and tips from her vault of<br \/>\ncorporation information with both national staff and AIC provincial<br \/>\nstaff across Canada. She has supported a long line of Executive and<br \/>\nBoard members of NSREAA. She has and continues to be the steward<br \/>\nof the corporate memory of the provincial association. Davida was<br \/>\ninstrumental in providing guidance, insight and support for local<br \/>\nleadership to implement legislation and licensing in Nova Scotia to<br \/>\nprotect the interests of the citizens and advance the cause of real estate<br \/>\nappraisers.Davida is affectionately recognized as the \u2018Elder Statesman\u2019<br \/>\nby her provincial executive director colleagues. Her advice, counsel<br \/>\nand mentoring have contributed to the success of newly appointed<br \/>\nexecutive directors and she has built and fosters strong relationships<br \/>\nwith both her Atlantic and National colleagues.<\/p>\n<p>Davida has gone above and beyond by applying her energy<br \/>\nand expertise to the interests of the AIC and its membership.<br \/>\nRecognition of her support and promotion of the appraisal<br \/>\nprofession and the advancement of the AIC is duly warranted. <\/p>\n<p>Craig Kelman, AACI (Hon.)<br \/>\nCraig Kelman\u2019s association with AIC began more than 30 years ago<br \/>\nwhen AIC\u2019s head office was situated in Winnipeg. Throughout all those<br \/>\nyears and after AIC\u2019s move to Ottawa, he has continued as the Editor<br \/>\nand Publisher of AIC\u2019s magazine \u2013 Canadian Property Valuation.<\/p>\n<p>Craig has been the backbone and silent partner of every single<br \/>\nCPV publication since its inception. In fact, AIC\u2019s magazine was<br \/>\none of his first publications at Craig Kelman &#038; Associates, and over<br \/>\nthe past 30 years, he has been responsible for publishing and writing<br \/>\nseveral articles within each of the more than 120 issues.<\/p>\n<p>What is so remarkable about Craig, is that, although his<br \/>\npublishing company has now grown to manage more than 75<br \/>\npublications throughout North America, he remains intimately<br \/>\ninvolved in the CPV \u2013 from the planning phase to interviewing,<br \/>\nwriting, designing and distribution. In fact, our magazine is the only<br \/>\npublication that he is still involved in at an operational level.<\/p>\n<p>It seems very fitting that Craig receives this award. Not only has<br \/>\nhe been extremely loyal to AIC, he has contributed to our objective<br \/>\nof advancing the profession in a very significant and tangible<br \/>\nway. He continues to be the storyteller that helps to connect our<br \/>\nmembers from coast-to-coast\u2026 one issue at a time. <\/p>\n<p>2016 AWARD RECIPIENTS<\/p>\n<p>UBC\/Appraisal Institute of Canada Bursary:<br \/>\nKRISTA MARIE BAUMAN<\/p>\n<p>A $1,000 bursary presented by AIC to an<br \/>\nundergraduate student specializing in the<br \/>\nReal Estate Division of the Faculty of Commerce and<br \/>\nBusiness Administration.<\/p>\n<p>University of Guelph\/Appraisal<br \/>\nInstitute of Canada Scholarship: JORDAN BOIN<\/p>\n<p>A $1,000 scholarship presented to a student registered in<br \/>\nthe Real Estate and Housing major of the B. Comm degree<br \/>\nprogram at the University of Guelph. This scholarship<br \/>\nis awarded to a student who has completed at least 9.0<br \/>\ncredits, but no more than 12.5 credits, with a minimum of<br \/>\n70% in the last two full-time semesters.<\/p>\n<p>UBC\/Appraisal Institute of Canada Prize:<br \/>\nJONATHAN STOUTE<\/p>\n<p>A $500 annual prize presented to the student<br \/>\nreceiving the highest standing in BUSI 330 offered by<br \/>\nthe Real Estate Division, Sauder School of Business<br \/>\nat the University of British Columbia.<\/p>\n<p>Seneca College\/Appraisal Institute of Canada Award:<br \/>\nSUSANA IBARRA<\/p>\n<p>An annual $500 award presented to a graduating student<br \/>\nin the Real Property Administration Program (RPA)<br \/>\nwho has demonstrated academic excellence in RPA<br \/>\n112 and one or more of the additional AIC curriculum<br \/>\ncourses at the College, has an active interest in the field<br \/>\nof real property as a career, and has made valuable<br \/>\ncontributions to the classroom environment.<\/p>\n<p>Jack Warren Scholarship: CAMERON VOS<\/p>\n<p>Annual scholarship presented by AIC-BC and<br \/>\navailable to individuals from across Canada<br \/>\npursuing careers in real estate appraisal.<\/p>\n<p>Langara College: YU HUA CHEN<\/p>\n<p>Scholarship for Langara College Continuing Studies<br \/>\nstudents enrolled in courses complying with the credit<br \/>\nrequirements of the AIC. The award recognizes those<br \/>\nstudents whose academic performance is outstanding.<br \/>\nThe recipient must be working toward the Real Estate<br \/>\nAnalysis Certificate and have completed a minimum of<br \/>\nthree courses. Highest mark in Residential Construction.<\/p>\n<p>Kevin Collins, AIC<br \/>\nDirector, Member<br \/>\nEducation presents<br \/>\nAIC Award to<br \/>\nSeneca student,<br \/>\nSusana Ibarra<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 59Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>DIAMOND<br \/>\nSPONSORS<\/p>\n<p>GOLD<br \/>\nSPONSORS<\/p>\n<p>SILVER<br \/>\nSPONSORS<\/p>\n<p>BRONZE<br \/>\nSPONSORS<\/p>\n<p>CONTRIBUTING<br \/>\nSPONSORS<\/p>\n<p>THANK YOU TO OUR GENEROUS SPONSORS!<br \/>\nAIC extends thanks to all our sponsors \u2013 their commitment and contributions<br \/>\nhelped make this conference the success that it was. Many thanks to: <\/p>\n<p>See you next year!<br \/>\nA l&rsquo;ann\u00e9e prochaine!<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201660 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>L\u2019ICE tient \u00e0 remercier tout sp\u00e9cialement les pr\u00e9sidents de<br \/>\nla Conf\u00e9rence de 2016, Gordon Daman, AACI, P. App.,<br \/>\nEric Krueger, AACI, P.App et le Comit\u00e9 organisateur de la<br \/>\nConf\u00e9rence, ainsi que l\u2019enthousiaste et \u00e9nergique groupe de<br \/>\nb\u00e9n\u00e9voles qui a consacr\u00e9 son temps et ses efforts \u00e0 faire de notre<br \/>\nr\u00e9cente Conf\u00e9rence \u00e0 Winnipeg un \u00e9clatant succ\u00e8s.<\/p>\n<p>En juin, des membres de l\u2019ICE provenant de partout<br \/>\nau Canada, ainsi que des conf\u00e9renciers, commanditaires et<br \/>\ninvit\u00e9s se sont r\u00e9unis \u00e0 Winnipeg pour un horaire tr\u00e8s charg\u00e9 \u00e0<br \/>\nl\u2019occasion de la Conf\u00e9rence de l\u2019ICE 2016. Les activit\u00e9s avant<br \/>\nl\u2019\u00e9v\u00e9nement ont commenc\u00e9 le 8 juin par une spectaculaire<br \/>\njourn\u00e9e de golf et de r\u00e9seautage au club de golf Larters at<br \/>\nSt.\u00a0Andrews de Winnipeg.<\/p>\n<p>Encore cette ann\u00e9e, le populaire \u00e9v\u00e9nement de r\u00e9seautage du<br \/>\nmercredi soir pour les stagiaires, \u00e9tudiants et nouveaux membres<br \/>\nd\u00e9sign\u00e9s a \u00e9t\u00e9 un succ\u00e8s, les nouveaux membres profitant de<br \/>\nl\u2019occasion au d\u00e9but de la Conf\u00e9rence pour faire connaissance<br \/>\navec des partenaires cl\u00e9s de l\u2019ICE, les membres de l\u2019Ex\u00e9cutif, les<br \/>\nadministrateurs provinciaux et le personnel de l\u2019ICE.  <\/p>\n<p>ICE<br \/>\n20 6<\/p>\n<p>(En haut) Notre conf\u00e9rencier principal, Jon Montgomery, avec un membre de<br \/>\nl\u2019ICE, Kevin Stark, CRA; (En bas) Le pr\u00e9sident sortant, Daniel Doucet, AACI,<br \/>\nP. App., Fellow re\u00e7oit son certificat du pr\u00e9sident Dan Brewer, AACI, P.App<\/p>\n<p>SOUVENIRS<br \/>\nD\u2019UN<br \/>\n\u00c9V\u00c9NEMENT<br \/>\nEXCEPTIONNEL  <\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 61Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>Plus tard mercredi soir, tous se sont rassembl\u00e9s pour la<br \/>\nr\u00e9ception d\u2019accueil au lieu historique qu\u2019est le Fort Garry Hotel<br \/>\nau centre-ville de Winnipeg pour une belle soir\u00e9e de nourriture,<br \/>\nrafra\u00eechissements et r\u00e9seautage agr\u00e9ment\u00e9e de la musique big band<br \/>\nde Murray Riddell et son ensemble. La soir\u00e9e comportait une<br \/>\ncollecte de fonds tr\u00e8s r\u00e9ussie au profit de l\u2019\u0153uvre de bienfaisance<br \/>\nde choix de l\u2019ICE \u2013 Habitat pour l\u2019humanit\u00e9. <\/p>\n<p>Jeudi, le discours inaugural de la Conf\u00e9rence a \u00e9t\u00e9 prononc\u00e9<br \/>\npar notre conf\u00e9rencier invit\u00e9, Jon Montgomery, m\u00e9daill\u00e9 d\u2019Or<br \/>\naux Olympiques de 2010 et h\u00f4te de l\u2019\u00e9mission The Amazing Race<br \/>\nCanada. Il a su inspirer et divertir son auditoire en partageant des<br \/>\nanecdotes au sujet de son parcours olympique et des le\u00e7ons qu\u2019il a<br \/>\napprises en mati\u00e8re de travail d\u2019\u00e9quipe, de leadership et de r\u00eave.<br \/>\nJon a conclu son expos\u00e9 par une s\u00e9ance de photos avec les<br \/>\nparticipants et en leur donnant l\u2019occasion de mettre \u00e0 leur cou sa<br \/>\nm\u00e9daille olympique.  <\/p>\n<p>Tout au long de la Conf\u00e9rence, les d\u00e9l\u00e9gu\u00e9s ont assist\u00e9<br \/>\n\u00e0 diverses s\u00e9ances \u00e9ducatives sur des sujets pertinents et<br \/>\ninformatifs, ainsi que des solutions d\u2019affaires pratiques<br \/>\npr\u00e9sent\u00e9es sous divers formats interactifs. Pour de plus<br \/>\namples renseignements au sujet des s\u00e9ances au programme<br \/>\nde la Conf\u00e9rence, visitez www.aicanada.ca\/aic-2016\/ o\u00f9 vous<br \/>\ntrouverez un lien vers la biblioth\u00e8que \u00e9lectronique contenant les<br \/>\npr\u00e9sentations en PowerPoint de plusieurs de nos conf\u00e9renciers. <\/p>\n<p>Le jeudi, les d\u00e9l\u00e9gu\u00e9s ont assist\u00e9 \u00e0 un d\u00eener au cours<br \/>\nduquel l\u2019ICE a fi\u00e8rement annonc\u00e9 la formation de<br \/>\nplusieurs partenariats visant \u00e0 faire avancer nos efforts de<br \/>\nd\u00e9veloppement d\u2019options utiles permettant \u00e0 nos membres de <\/p>\n<p>diversifier leur pratique et de se tailler une place comme<br \/>\n\u00e9valuateurs professionnels de choix. Ces nouveaux<br \/>\npartenariats sont pr\u00e9sent\u00e9s \u00e0 la page 40 du pr\u00e9sent<br \/>\nnum\u00e9ro d\u2019\u00c9valuation immobili\u00e8re au Canada dans<br \/>\nl\u2019article Autour du monde. <\/p>\n<p>La soir\u00e9e de r\u00e9seautage du jeudi a eu lieu au plus<br \/>\nnouveau mus\u00e9e national du Canada \u2013 la merveille<br \/>\narchitecturale qu\u2019est le Mus\u00e9e canadien pour les droits de<br \/>\nla personne. Les d\u00e9l\u00e9gu\u00e9s \u00e0 la Conf\u00e9rence ont eu tout le<br \/>\nloisir de se promener sur les passerelles d\u2019alb\u00e2tre luisant<br \/>\net le complexe de galeries, puis de se regrouper dans les<br \/>\nespaces ouverts pour d\u00e9guster les mets offerts aux stations<br \/>\nd\u2019alimentation et \u00e9couter la musique de Raine Hamilton.<br \/>\nCette soir\u00e9e informelle dans un immeuble extraordinaire<br \/>\na donn\u00e9 aux d\u00e9l\u00e9gu\u00e9s l\u2019occasion de se d\u00e9tendre, de<br \/>\nrenouer connaissances et d\u2019appr\u00e9cier une exp\u00e9rience<br \/>\nunique \u00e0 Winnipeg.<\/p>\n<p>Le vendredi, tous les participants ont assist\u00e9 avec plaisir<br \/>\nau banquet de remise des prix au cours duquel plusieurs<br \/>\npersonnes ont \u00e9t\u00e9 reconnues pour le temps et les efforts<br \/>\nqu\u2019elles ont consacr\u00e9s afin d\u2019appuyer l\u2019ICE et la profession.<br \/>\nAu cours du repas, nous avons honor\u00e9 Mike Schulkowsky,<br \/>\nAACI, P.App  et Rosmarie Buxbaum en leur remettant la<br \/>\nCitation du Pr\u00e9sident. Nous avons aussi d\u00e9cern\u00e9 le Prix de<br \/>\nl\u2019\u00e9valuateur par excellence de moins de 40 ans \u00e0 Joanne<br \/>\nSlaney, AACI, P.App et Clifford Smirl, AACI, P. App.<\/p>\n<p>La Conf\u00e9rence a pris fin le vendredi apr\u00e8s-midi avec<br \/>\nl\u2019Assembl\u00e9e g\u00e9n\u00e9rale annuelle (AGA) \u00e0 laquelle assistaient <\/p>\n<p>(\u00c0 gauche) Peter Lawrek, AACI, P. App., Fellow; (En haut, au centre) Le pr\u00e9sident de l\u2019ICE, Dan Brewer, AACI, P. App., Davida Mackay, AACI (Hon.),<br \/>\nle pr\u00e9sident \u00e9lu, Richard Colbourne, AACI, P.App et le pr\u00e9sident sortant, Daniel Doucet, AACI, P. App., Fellow; (En bas, au centre) Craig Kelman<br \/>\nre\u00e7oit le titre d\u2019AACI honoraire du pr\u00e9sident de l\u2019ICE, Dan Brewer, AACI, P.App et du pr\u00e9sident sortant de l\u2019ICE, Daniel Doucet, AACI, P. App.,<br \/>\nFellow; (\u00c0 droite) \u00c9valuateurs par excellence de moins de 40 ans : Joanne Slaney, AACI, P.App et Clifford Smirl, AACI, P.App<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201662 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>http:\/\/www.aicanada.ca\/aic-2016\/<\/p>\n<p>les d\u00e9l\u00e9gu\u00e9s ainsi que de nombreux membres partout au pays<br \/>\nqui ont particip\u00e9 en ligne. Les rapports d\u00e9gageant les principales<br \/>\ninitiatives et r\u00e9alisations de l\u2019an dernier ont \u00e9t\u00e9 pr\u00e9sent\u00e9s aux<br \/>\nmembres. Dan Brewer est entr\u00e9 en fonctions \u00e0 la pr\u00e9sidence et le<br \/>\nnouveau Conseil d\u2019administration a \u00e9t\u00e9 \u00e9lu. <\/p>\n<p>Le vendredi soir, les d\u00e9l\u00e9gu\u00e9s se sont r\u00e9unis pour le gala tant<br \/>\nattendu, le souper du Pr\u00e9sident. Au cours de la soir\u00e9e, le nouveau<br \/>\npr\u00e9sident, Dan Brewer, AACI, P.App de Newmarket, en Ontario,<br \/>\na pr\u00e9sent\u00e9 aux membres sortants du Conseil d\u2019administration,<br \/>\nDan Wilson, AACI, P. App., de Colombie-Britannique, Glen<br \/>\nPower, AACI, P.App de Terre-Neuve, et Louis Poirier, AACI,<br \/>\nP.App du Qu\u00e9bec, des plaques reconnaissant leurs contributions<br \/>\nau Conseil d\u2019administration national de l\u2019ICE. Dan a aussi<br \/>\nannonc\u00e9 les noms des membres de l\u2019Ex\u00e9cutif pour 2016-2017 :<\/p>\n<p>\u2022 Richard Colbourne, AACI, P.App (Nouvelle-\u00c9cosse) \u2013<br \/>\nPr\u00e9sident \u00e9lu <\/p>\n<p>\u2022 Peter McLean, AACI, P.App (Ontario) \u2013 Vice-pr\u00e9sident<br \/>\n\u2022 Thomas Fox, AACI, P.App (Saskatchewan) \u2013 Vice-pr\u00e9sident<br \/>\n\u2022 Daniel Doucet, AACI, P. App., Fellow  <\/p>\n<p>(Nouveau-Brunswick) \u2013 Pr\u00e9sident sortant<br \/>\nIl a aussi pr\u00e9sent\u00e9 les autres membres du Conseil d\u2019administration<br \/>\nde 2015-2016 :<\/p>\n<p>\u2022 Michael Kirkland, AACI, P.App (T.-N.-L.)<br \/>\n\u2022 Daniel Pinard, AACI, P.App (QU\u00c9)<br \/>\n\u2022 Peter McLean, AACI, P.App (ONT.)<br \/>\n\u2022 Paula Malcolm-Schaller, CRA (ONT.)<br \/>\n\u2022 Darrell Thorvaldson, AACI, P.App (MAN.)<br \/>\n\u2022 John Manning, AACI, P.App (ALB.)<br \/>\n\u2022 Ernie Paustian, AACI, P.App (ALB.)<br \/>\n\u2022 Daniel Jones, AACI, P.App (C.-B.)<br \/>\n\u2022 Craig Barnsley, AACI, P.App (C.-B.)<\/p>\n<p>Encore cette ann\u00e9e, l\u2019\u00e9v\u00e9nement a \u00e9t\u00e9 marqu\u00e9 d\u2019un encan<br \/>\nsilencieux au profit de l\u2019\u0153uvre de bienfaisance de choix de l\u2019ICE<br \/>\n\u2013 Habitat pour l\u2019humanit\u00e9. Cet \u00e9v\u00e9nement, ainsi que les autres<br \/>\ninitiatives men\u00e9es au cours de la semaine de la Conf\u00e9rence, y<br \/>\ncompris la vente des nouvelles chaussettes au logo de l\u2019ICE, ont<br \/>\npermis de recueillir un grand total de 5\u00a0690\u00a0$ pour Habitat pour<br \/>\nl\u2019humanit\u00e9. <\/p>\n<p>La Conf\u00e9rence a pris fin samedi, alors que les participants<br \/>\nont assist\u00e9 \u00e0 d\u2019autres s\u00e9ances \u00e9ducatives et ont fait leurs adieux<br \/>\navant de prendre le chemin du retour. Ne manquez pas de<br \/>\nvisiter la galerie de photos de la Conf\u00e9rence au<br \/>\nwww.aicanada.ca\/fr\/aic-2016\/.<\/p>\n<p>RECONNA\u00ceTRE L\u2019EXCELLENCE<br \/>\nCitation du pr\u00e9sident<br \/>\nLa Citation du pr\u00e9sident est d\u00e9cern\u00e9e par l\u2019Institut dans<br \/>\nle but de reconna\u00eetre de fa\u00e7on sp\u00e9ciale un individu ou une<br \/>\norganisation qui a apport\u00e9 une importante contribution \u00e0 la<br \/>\ncroissance et \u00e0 la r\u00e9putation de la profession d\u2019 \u00e9valuation.<br \/>\nCette ann\u00e9e, le pr\u00e9sident sortant, Daniel Doucet, a reconnu les<br \/>\ncontributions de deux personnes en pr\u00e9sentant des citations \u00e0<br \/>\nMike Schulkowsky, AACI, P.App et Rosmarie Buxbaum.<\/p>\n<p>Mike Schulkowsky, AACI, P.App<br \/>\nMike Schulkowsky, b\u00e9n\u00e9vole de longue date \u00e0 l\u2019ICE de<br \/>\nSaskatchewan, s\u2019est joint \u00e0 l\u2019ICE en d\u00e9cembre 1997 et<br \/>\na obtenu sa d\u00e9signation AACI en d\u00e9cembre 2006. Il est<br \/>\n\u00e0 l\u2019emploi de la ville de Regina en qualit\u00e9 d\u2019\u00e9valuateur<br \/>\nprincipal du Service de l\u2019\u00e9valuation fonci\u00e8re. Mike a<br \/>\ntravaill\u00e9 activement comme b\u00e9n\u00e9vole au Programme de<br \/>\npratique professionnelle de l\u2019ICE pendant de nombreuses<br \/>\nann\u00e9es. Il a servi \u00e0 titre d\u2019enqu\u00eateur pendant plusieurs<br \/>\nann\u00e9es, puis comme pr\u00e9sident du sous-comit\u00e9 des enqu\u00eates<br \/>\npendant deux ans. Au cours des 2 1\/2 derni\u00e8res ann\u00e9es,<br \/>\nMike a exerc\u00e9 les exigeantes fonctions de m\u00e9diateur en<br \/>\npratique professionnelle. Durant ses ann\u00e9es de b\u00e9n\u00e9volat,<br \/>\nil a contribu\u00e9 de fa\u00e7on importante \u00e0 la r\u00e9daction des<br \/>\nr\u00e8glements de l\u2019ICE publi\u00e9s en 2012, 2014 et 2016. Il a<br \/>\n\u00e9t\u00e9 appel\u00e9 \u00e0 traiter des dossiers extr\u00eamement complexes<br \/>\naux plans de l\u2019\u00e9thique et des techniques qui ont demand\u00e9<br \/>\n\u00e9norm\u00e9ment de temps. Ses connaissances du droit<br \/>\nadministratif, du processus quasi judiciaire, des Normes<br \/>\nuniformes de pratique professionnelle en mati\u00e8re d\u2019 \u00e9valuation<br \/>\nau Canada (NUPPEC) et de la pratique d\u2019\u00e9valuation et<br \/>\nson d\u00e9vouement \u00e0 la r\u00e9solution des plaintes et au processus<br \/>\ndisciplinaire sont exemplaires. <\/p>\n<p>Rosmarie Buxbaum, directrice,<br \/>\nFinances et Administration<br \/>\nRosmarie Buxbaum s\u2019est jointe \u00e0 l\u2019ICE en 2005 et les<br \/>\ncontributions qu\u2019elle a apport\u00e9es depuis \u00e0 l\u2019organisation sont<br \/>\nimmesurables. En reconnaissance de son d\u00e9vouement et de<br \/>\nson engagement comme b\u00e9n\u00e9vole de l\u2019ICE en sus de son<br \/>\nr\u00f4le d\u2019employ\u00e9e, mettant \u00e0 contribution sa vaste  exp\u00e9rience<br \/>\ncomme liaison entre le personnel et plusieurs comit\u00e9s de<br \/>\nb\u00e9n\u00e9voles de l\u2019ICE, Rosmarie a re\u00e7u la Citation du Pr\u00e9sident<br \/>\nlors de la Conf\u00e9rence de juin 2016 en pr\u00e9vision de sa date de<br \/>\nretraite, le 30 juin 2016. <\/p>\n<p>Fellows<br \/>\nLe titre de Fellow est d\u00e9cern\u00e9 aux membres d\u00e9sign\u00e9s qui se sont<br \/>\ndistingu\u00e9s par leurs contributions exemplaires \u00e0 la profession en<br \/>\nfaisant preuve d\u2019un niveau \u00e9lev\u00e9 d\u2019excellence et de r\u00e9alisation qui<br \/>\na  contribu\u00e9 \u00e0 l\u2019avancement de la profession.  <\/p>\n<p>Cette ann\u00e9e \u00e0 Winnipeg, Peter Lawrek, AACI, P. App., de<br \/>\nSaskatchewan et le pr\u00e9sident sortant Daniel Doucet, AACI,<br \/>\nP. App., du Nouveau-Brunswick ont \u00e9t\u00e9 reconnus pour leur<br \/>\nd\u00e9vouement exceptionnel de b\u00e9n\u00e9vole et se sont vus d\u00e9cerner le<br \/>\ntitre de Fellow.<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 63Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>https:\/\/www.aicanada.ca\/fr\/aic-2016\/<\/p>\n<p>Peter Lawrek, AACI, P. App., Fellow<br \/>\nPeter est membre de l\u2019ICE depuis 1976. Pendant plus de<br \/>\n30 ans, Peter a donn\u00e9 g\u00e9n\u00e9reusement de son temps \u00e0 notre<br \/>\nassociation offrant ses services \u00e0 titre de b\u00e9n\u00e9vole tant au<br \/>\nplan local que national. Peter a d\u00e9montr\u00e9 son leadership et<br \/>\nil demeure un excellent mod\u00e8le de r\u00f4le \u00e0 nos membres. Il a<br \/>\nsi\u00e9g\u00e9 comme b\u00e9n\u00e9vole \u00e0 de nombreux comit\u00e9s provinciaux et<br \/>\nnationaux et a assum\u00e9 la pr\u00e9sidence aupr\u00e8s de plusieurs<br \/>\nde ces comit\u00e9s. <\/p>\n<p>Peter est un homme qui a consacr\u00e9 sa vie \u00e0 la profession<br \/>\nd\u2019\u00e9valuateur. Il donne g\u00e9n\u00e9reusement de son temps \u00e0 aider ses<br \/>\ncoll\u00e8gues, ses clients, l\u2019ICE et m\u00eame ses concurrents. Il n\u2019est<br \/>\njamais trop occup\u00e9 pour prendre un appel ou offrir ses id\u00e9es<br \/>\nou conseils \u00e0 d\u2019\u00e9pineux probl\u00e8mes. Un de ses amis, coll\u00e8gues<br \/>\net promoteurs de longue date a dit de lui : \u00ab Il est d\u2019une<br \/>\nint\u00e9grit\u00e9 irr\u00e9prochable. Il est, de loin, la source \u00e0 consulter<br \/>\ndans le sud de la Saskatchewan et il est souvent reconnu<br \/>\ncomme l\u2019expert du domaine immobilier par la profession de<br \/>\nl\u2019immobilier commercial \u00bb. De plus, Peter s\u2019est engag\u00e9 \u00e0 agir<br \/>\ncomme mentor aupr\u00e8s de la g\u00e9n\u00e9ration montante et de la<br \/>\nprofession en d\u00e9veloppement. Au cours des ann\u00e9es, il a \u00e9t\u00e9 le<br \/>\nmentor de 11 \u00e9valuateurs, dont 10 sont encore des membres<br \/>\nactifs. Il est pr\u00e9sentement le mentor et superviseur de<br \/>\nsix \u00e9valuateurs. <\/p>\n<p>Daniel Doucet, AACI, P. App., Fellow<br \/>\nComme le veut la tradition \u00e0 l\u2019Institut canadien des<br \/>\n\u00e9valuateurs, notre pr\u00e9sident sortant, Daniel Doucet, a \u00e9t\u00e9<br \/>\nnomm\u00e9 Fellow de l\u2019Institut. La contribution de Daniel,<br \/>\ntant durant son mandat \u00e0 la pr\u00e9sidence de l\u2019ICE que tout<br \/>\nau long de sa carri\u00e8re de b\u00e9n\u00e9vole \u00e0 l\u2019Institut a fait preuve<br \/>\nd\u2019un leadership progressif visant \u00e0 faire des membres de<br \/>\nl\u2019ICE des \u00ab professionnels de choix \u00bb. Il a d\u00e9montr\u00e9 son<br \/>\nengagement envers nos membres en \u00e9tant ouvert \u00e0 leurs<br \/>\nsuggestions et transparent au sujet de l\u2019orientation de l\u2019ICE.<br \/>\nSon engagement ind\u00e9fectible envers l\u2019ICE et les efforts qu\u2019il a<br \/>\nd\u00e9ploy\u00e9s pour b\u00e2tir de nouvelles relations et mettre en \u0153uvre<br \/>\nde nouvelles initiatives aideront s\u00fbrement \u00e0 l\u2019avancement<br \/>\nde la profession.<\/p>\n<p>AACI honoraire<br \/>\nCette cat\u00e9gorie de membres, institu\u00e9e en 2007, est d\u00e9cern\u00e9e aux<br \/>\nindividus qui sont sans reproche sur le plan de l\u2019 \u00e9thique et qui<br \/>\nsont reconnus publiquement comme leaders dans le monde des<br \/>\naffaires, le domaine du droit, le milieu universitaire ou d\u2019autres<br \/>\nprofessions, et qui contribuent \u00e0 l\u2019avancement du profil de<br \/>\nl\u2019Institut, au respect, \u00e0 la somme des connaissances et \u00e0 la d\u00e9fense<br \/>\ndes droits de la profession d\u2019 \u00e9valuation.<\/p>\n<p>Davida Mackay, AACI (Hon.)<br \/>\nPendant pr\u00e8s de 30 ans, Davida Mackay a servi en qualit\u00e9<br \/>\nde directrice ex\u00e9cutive de l\u2019ICE-Nouvelle-\u00c9cosse et de la<br \/>\nNova Scotia Real Estate Appraisers Association (NSREAA).<br \/>\nBien que le r\u00f4le qu\u2019elle exerce soit r\u00e9mun\u00e9r\u00e9, la contribution<br \/>\nque Davida a apport\u00e9e aux membres de la NSREAA et \u00e0<br \/>\nl\u2019organisation nationale de l\u2019ICE d\u00e9passe de loin ce qu\u2019on <\/p>\n<p>aurait pu attendre de son emploi. Dans l\u2019exercice de ses<br \/>\nfonctions, elle a conseill\u00e9 et guid\u00e9 d\u2019innombrables membres<br \/>\nde l\u2019ICE de leurs premi\u00e8res requ\u00eates jusqu\u2019\u00e0 leur adh\u00e9sion,<br \/>\ntout au long de leur cheminement de stagiaire jusqu\u2019\u00e0<br \/>\nla d\u00e9signation. <\/p>\n<p>Durant son mandat \u00e0 l\u2019ICE, Davida a toujours partag\u00e9<br \/>\ng\u00e9n\u00e9reusement avec le personnel de l\u2019ICE au bureau<br \/>\nnational et dans les provinces des conseils et astuces<br \/>\nprovenant de sa mine de renseignements corporatifs. Elle<br \/>\na appuy\u00e9 une longue lign\u00e9e de membres de l\u2019Ex\u00e9cutif et<br \/>\ndu Conseil d\u2019administration de la NSREAA. Elle a \u00e9t\u00e9 et<br \/>\ndemeure encore aujourd\u2019hui la gardienne de la m\u00e9moire<br \/>\norganisationnelle de l\u2019association provinciale. Davida<br \/>\na grandement contribu\u00e9 \u00e0 guider, \u00e9clairer et appuyer le<br \/>\nleadership local dans la mise en \u0153uvre de la l\u00e9gislation et<br \/>\ndes exigences de licence en Nouvelle-\u00c9cosse afin de prot\u00e9ger<br \/>\nles int\u00e9r\u00eats des citoyens et de faire avancer la cause des<br \/>\n\u00e9valuateurs immobiliers. <\/p>\n<p>Davida est affectueusement reconnue comme la<br \/>\n\u00ab\u00a0v\u00e9n\u00e9rable matriarche \u00bb par ses coll\u00e8gues \u00e0 l\u2019Ex\u00e9cutif<br \/>\nprovincial. Ses conseils, ses avis et son mentorat ont contribu\u00e9<br \/>\nau succ\u00e8s des nouveaux membres de l\u2019Ex\u00e9cutif et elle a<br \/>\n\u00e9tabli et entretenu d\u2019\u00e9troites relations avec ses coll\u00e8gues de<br \/>\nl\u2019Atlantique et du National.<\/p>\n<p>Davida a fait plus que son devoir en appliquant son<br \/>\n\u00e9nergie et son expertise \u00e0 faire avancer l\u2019ICE et ses membres.<br \/>\nLa reconnaissance du soutien et de la promotion qu\u2019elle a<br \/>\napport\u00e9e \u00e0 la profession d\u2019\u00e9valuateur et \u00e0 l\u2019avancement de<br \/>\nl\u2019ICE est hautement m\u00e9rit\u00e9e.<\/p>\n<p>Craig Kelman, AACI (Hon.)<br \/>\nCraig Kelman a commenc\u00e9 son association avec l\u2019ICE il<br \/>\ny a plus de 30 ans quand l\u2019ICE avait son si\u00e8ge social ici \u00e0<br \/>\nWinnipeg. Pendant toutes ces ann\u00e9es et apr\u00e8s la r\u00e9installation<br \/>\nde l\u2019ICE \u00e0 Ottawa, il a continu\u00e9 \u00e0 travailler en qualit\u00e9 de<br \/>\nr\u00e9dacteur et  \u00e9diteur de la revue de l\u2019ICE \u2013 \u00c9valuation<br \/>\nimmobili\u00e8re au Canada (EIC). <\/p>\n<p>Craig a \u00e9t\u00e9 le pilier et l\u2019\u00e9minence grise de chaque num\u00e9ro<br \/>\nd\u2019EIC depuis ses d\u00e9buts. \u00c0 vrai dire, cette revue de l\u2019ICE fut<br \/>\nla premi\u00e8re publication produite par Kelman &#038; Associates<br \/>\net, au cours des 30 derni\u00e8res ann\u00e9es, il a \u00e9t\u00e9 responsable de<br \/>\nla r\u00e9daction et de la publication de plusieurs articles dans<br \/>\nchacun des plus de 120 num\u00e9ros. <\/p>\n<p>Fait remarquable, bien que sa maison d\u2019\u00e9dition se soit<br \/>\nd\u00e9velopp\u00e9e pour produire plus de 75 publications partout<br \/>\nen Am\u00e9rique du Nord, Craig continue de contribuer<br \/>\npersonnellement \u00e0 EIC  \u2013 depuis la planification, aux<br \/>\nentrevues, \u00e0 la r\u00e9daction, la conception et la distribution.<br \/>\n\u00c0 vrai dire, notre revue est la seule publication \u00e0 laquelle il<br \/>\ntravaille au niveau op\u00e9rationnel.<\/p>\n<p>Il est juste que Craig re\u00e7oive cette distinction. Non<br \/>\nseulement a-t-il \u00e9t\u00e9 extr\u00eamement loyal \u00e0 l\u2019ICE, mais encore<br \/>\na-t-il contribu\u00e9 de fa\u00e7on significative et tangible \u00e0 l\u2019atteinte<br \/>\nde notre objectif de faire avancer notre profession. Il continue<br \/>\nd\u2019\u00eatre le conteur d\u2019histoires qui tisse des liens entre nos<br \/>\nmembres d\u2019un oc\u00e9an \u00e0 l\u2019autre \u2026un num\u00e9ro \u00e0 la fois. <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201664 Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/p>\n<p>BOURSIERS DE 2016<\/p>\n<p>Boursi\u00e8re de l\u2019U.C.-B.\/Institut canadien des \u00e9valuateurs :<br \/>\nKRISTA MARIE BAUMAN<\/p>\n<p>Une bourse de 1 000 $ pr\u00e9sent\u00e9e par l\u2019ICE \u00e0 un \u00e9tudiant de<br \/>\npremier cycle sp\u00e9cialis\u00e9 dans la Division de l\u2019immobilier de<br \/>\nla Facult\u00e9 du Commerce et de l\u2019Administration des affaires.<\/p>\n<p>Bourse d\u2019\u00e9tudes de l\u2019Universit\u00e9 de Guelph\/ Institut<br \/>\ncanadien des \u00e9valuateurs : JORDAN BOIN<\/p>\n<p>Une bourse d\u2019\u00e9tudes de 1 000 $ pr\u00e9sent\u00e9e \u00e0 un \u00e9tudiant inscrit<br \/>\n\u00e0 la majeure en Immeuble et habitation du programme de B.<br \/>\nComm de l\u2019Universit\u00e9 de Guelph. Cette bourse d\u2019\u00e9tudes est<br \/>\nd\u00e9cern\u00e9e \u00e0 un \u00e9tudiant qui a compl\u00e9t\u00e9 au moins 9,0 cr\u00e9dits,<br \/>\nmais pas plus de 12,5 cr\u00e9dits, avec un minimum de 70 % au<br \/>\ncours des deux derniers semestres \u00e0 temps plein.<\/p>\n<p>Prix de l\u2019U.C.-B.\/ Institut canadien des \u00e9valuateurs :<br \/>\nJONATHAN STOUTE<\/p>\n<p>Un prix annuel de 500 $ pr\u00e9sent\u00e9 \u00e0 l\u2019\u00e9tudiant ayant obtenu<br \/>\nla plus haute note au cours BUSI 330 offert par la Division<br \/>\nde l\u2019immobilier de l\u2019\u00c9cole d\u2019\u00e9tudes commerciales de<br \/>\nl\u2019Universit\u00e9 de la Colombie-Britannique.<\/p>\n<p>Prix du Coll\u00e8ge Seneca \/ Institut canadien<br \/>\ndes \u00e9valuateurs : SUSANA IBARRA<\/p>\n<p>Un prix annuel de 500 $ pr\u00e9sent\u00e9 \u00e0 un finissant du<br \/>\nprogramme d\u2019administration immobili\u00e8re qui a d\u00e9montr\u00e9<br \/>\nune excellence acad\u00e9mique au cours RPA 112 et un cours ou<br \/>\nplus de l\u2019ICE au Coll\u00e8ge, s\u2019int\u00e9resse activement au domaine<br \/>\nde l\u2019immobilier comme choix de carri\u00e8re et a apport\u00e9 une<br \/>\ncontribution importante en classe.<\/p>\n<p>Bourse d\u2019\u00e9tudes Jack Warren : CAMERON VOS<\/p>\n<p>Bourse d\u2019\u00e9tudes annuelles pr\u00e9sent\u00e9es par l\u2019AIC-<br \/>\nC.-B. \u00e0 toute personne au Canada faisant carri\u00e8re en<br \/>\n\u00e9valuation immobili\u00e8re.<\/p>\n<p>Coll\u00e8ge Langara : YU HUA CHEN<\/p>\n<p>Bourse d\u2019\u00e9tudes aux \u00e9tudiants en \u00e9ducation permanente<br \/>\ndu Coll\u00e8ge Langara inscrits \u00e0 des cours satisfaisant aux<br \/>\nexigences de cr\u00e9dit de l\u2019ICE. Le prix reconna\u00eet les \u00e9tudiants<br \/>\ndont le rendement acad\u00e9mique est exceptionnel. Le<br \/>\nlaur\u00e9at doit travailler \u00e0 l\u2019obtention du certificat en analyse<br \/>\nimmobili\u00e8re et avoir compl\u00e9t\u00e9 au moins trois cours. La plus<br \/>\nhaute note en construction r\u00e9sidentielle.<\/p>\n<p>Kevin Collins,<br \/>\ndirecteur, \u00e9ducation<br \/>\ndes membres,<br \/>\npr\u00e9sente le prix ICE<br \/>\n\u00e0 Susana Ibarra,<br \/>\nune \u00e9tudiante du<br \/>\nColl\u00e8ge Seneca<\/p>\n<p>L\u2019ICE tient \u00e0 remercier tous nos commanditaires \u2013 leurs<br \/>\nengagements et contributions ont aid\u00e9 \u00e0 faire de cette<br \/>\nConf\u00e9rence un \u00e9v\u00e9nement r\u00e9ussi. Un gros merci \u00e0 : <\/p>\n<p>MERCI \u00c0 NOS G\u00c9N\u00c9REUX COMMANDITAIRES!<\/p>\n<p>COMMANDITAIRES DIAMANT<\/p>\n<p>COMMANDITAIRES OR<\/p>\n<p>COMMANDITAIRES ARGENT<\/p>\n<p>COMMANDITAIRES BRONZE <\/p>\n<p>COMMANDITAIRES CONTRIBUANT<\/p>\n<p>Volume 60 | Book 3 \/ Tome 3 | 2016  |  \u00c9valuation Immobili\u00e8re au Canada  |  Canadian Property Valuation 65Click HERE to return to<br \/>\nTABLE OF CONTENTS<\/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 following<br \/>\nmembers who completed the rigorous requirements for accreditation as a Designated Member of the AIC during the period April 29, 2016 to July 28, 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 29 avril, 2016\u00a0au 28 juillet, 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 April 29, 2016 to July 28, 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 28 juillet, 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 \/>\nTyler A. Beatty<br \/>\nDaryn Hobal<br \/>\nPeter Jerrard<br \/>\nDoug R. Main<br \/>\nAlison McGavigan<\/p>\n<p>BRITISH COLUMBIA<br \/>\nChristina Infanti<br \/>\nSerena H. Lai<br \/>\nBrett Palmer<\/p>\n<p>MANITOBA<br \/>\nMelanie Bergen<\/p>\n<p>ONTARIO<br \/>\nHarrison Diamond<br \/>\nJenika McLean<br \/>\nAmedeo Prete<\/p>\n<p>QUEBEC<br \/>\nRemy Auclair<br \/>\nAlain A. P. Pare<\/p>\n<p>SASKATCHEWAN<br \/>\nJoanne Kydd<\/p>\n<p>ALBERTA<br \/>\nRonald Marty Vetsch<\/p>\n<p>MANITOBA<br \/>\nNancy Flockton<br \/>\nCherie Langston<\/p>\n<p>NOVA SCOTIA<br \/>\nRoderick Tremblay<\/p>\n<p>ONTARIO<br \/>\nJeff M. Allen<br \/>\nBojun Chen<br \/>\nAnthony Chimonides<br \/>\nDrew A. Dixon<br \/>\nTaylor Moore<br \/>\nJonathan Wollziefer<\/p>\n<p>QUEBEC<br \/>\nMarl\u00e8ne Beaudin-Bates<\/p>\n<p>ALBERTA<br \/>\nSteven Bello<br \/>\nKathryn Brandt<br \/>\nIkwinder Chadha<br \/>\nBaojun Chen<br \/>\nFran\u00e7ois Coulombe<br \/>\nBradley Himour<br \/>\nJonathan Lachance<br \/>\nYves Lau<br \/>\nPrakash A. Patel<br \/>\nKent Strang<\/p>\n<p>BRITISH COLUMBIA<br \/>\nRick Berry<br \/>\nAndrew V. Buhr<br \/>\nAdela Ferencikova<br \/>\nMikhail Geyne<br \/>\nMukhbain Singh Gill<br \/>\nAndrew F. Grantham<br \/>\nKirstin J. Hallett<br \/>\nBobbi-June A. Hill<br \/>\nLarry Hine<\/p>\n<p>Cameron Kotula<br \/>\nPamela Mitchell<br \/>\nAlireza Mohseni-K<br \/>\nBhavendeep Singh Patara<br \/>\nTiffany Pucci<br \/>\nVenkateshwaran Ramadoss<br \/>\nKelly Christopher Sayers<br \/>\nArden Schafer<br \/>\nSophia Schmidt<br \/>\nBrad Schmitz<br \/>\nAmandeep Singh Sidhu<br \/>\nMoheb Wahba<\/p>\n<p>MANITOBA<br \/>\nGraham Avon<br \/>\nJennifer Brandt<br \/>\nMel Braun<br \/>\nElliott Hannam<br \/>\nKristine Zatorsky<\/p>\n<p>NEW BRUNSWICK<br \/>\nRay Connors<\/p>\n<p>NEWFOUNDLAND<br \/>\n&#038; LABRADOR<br \/>\nAndy Waterman<\/p>\n<p>NOVA SCOTIA<br \/>\nMark Gallant<br \/>\nAdam Hanna<br \/>\nRachel Sapp<\/p>\n<p>ONTARIO<br \/>\nMatthew Ablakan<br \/>\nStephanie Bigelow<br \/>\nOsmondo Bocalbos<br \/>\nScott Bridgeman<br \/>\nXue Chao Cai<br \/>\nRonald Chan<br \/>\nCristina De Miranda<br \/>\nJill Declark<br \/>\nSaheel Gandhi<br \/>\nDavid D. Gemmill<br \/>\nAaron T. Gifford<br \/>\nSimon Glatz<\/p>\n<p>Mike Graber<br \/>\nCorey Gunn<br \/>\nYi Hua<br \/>\nBruno Iacurti<br \/>\nStephanie Ingleton<br \/>\nWei Lun Kao<br \/>\nJessica Kennedy-McDowell<br \/>\nShelby Larson<br \/>\nKathleen Leadbeater<br \/>\nEun Ji Lindsay Lee<br \/>\nPatricia Lohmus<br \/>\nYin Bing Vienna Loo<br \/>\nCole S. Marchand<br \/>\nJessica Mason<br \/>\nKimberly A. McDonnell<br \/>\nRachelle Mclean<br \/>\nJerome Newell<br \/>\nParvez Rana<br \/>\nTijana Roussety<br \/>\nJeffrey Sattin<br \/>\nMarc-Anthony Scavo<br \/>\nChris Schulz<\/p>\n<p>Gunja Shah<br \/>\nAmirmohsen Sharifi-nasr<br \/>\nWeiqing Shi<br \/>\nDinesh Sikand<br \/>\nZhenhong Tan<br \/>\nAlexandre Tchekhonadski<br \/>\nWilliam Trevor Vane<br \/>\nCaitlin Walter<br \/>\nMichael J. Wisz<br \/>\nSpencer (Sum Lam) Yuen<br \/>\nMario Zaka<br \/>\nJing (Jamie) Zhang<\/p>\n<p>QUEBEC<br \/>\nSt\u00e9phane Audet<br \/>\nChristine Mercier<\/p>\n<p>ALBERTA<br \/>\nPrabhjot Lashar<\/p>\n<p>BRITISH COLUMBIA<br \/>\nMalia C. Heale<\/p>\n<p>MANITOBA<br \/>\nMirek G. Frolek<br \/>\nMeghann Marshall<\/p>\n<p>ONTARIO<br \/>\nSara Abdulhussain<br \/>\nAlyssa K. Benke<br \/>\nDominic S. Correia<br \/>\nTara Dunn<br \/>\nSatinderjit Fidda<br \/>\nNancy C. Filippi<\/p>\n<p>Anna L. Gibson<br \/>\nHye Gi Kwon<br \/>\nKevin (Ho Ming) Kwong<br \/>\nLisa M. Smith<\/p>\n<p>QUEBEC<br \/>\nAyda Chamcham<\/p>\n<p>SASKATCHEWAN<br \/>\nAshlee Amendt<br \/>\nMichelle Hilbert<br \/>\nYva Yang<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada  |  Volume 60 | Book 3 \/ Tome 3 | 201666 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>http:\/\/altusgroup.com<br \/>\nmailto:info@altusgroup.com<\/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 \/>\nwww.cbre.ca\/vas<\/p>\n","protected":false},"featured_media":39582,"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-39596","issue","type-issue","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/issue\/39596","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\/39582"}],"wp:attachment":[{"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/media?parent=39596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}