{"id":65064,"date":"2019-06-05T11:49:26","date_gmt":"2019-06-05T15:49:26","guid":{"rendered":"https:\/\/www.aicanada.ca\/?post_type=issue&#038;p=65064"},"modified":"2019-06-05T11:50:26","modified_gmt":"2019-06-05T07:50:26","slug":"2019-volume-63-tome-2","status":"publish","type":"issue","link":"https:\/\/www.aicanada.ca\/fr\/cpv-issue\/2019-volume-63-tome-2\/","title":{"rendered":"2019 &#8211; Volume 63 &#8211; Tome 2"},"content":{"rendered":"<p>Immobili\u00e8re au Canada<\/p>\n<p>Canadian Property<br \/>\nVol 63 | Book 2 \/ Tome 2 2019<\/p>\n<p>HOW TO ATTRACT<br \/>\nA COMPLAINT<br \/>\nComment risquer<br \/>\nune plainte<\/p>\n<p>APPRAISING AN<br \/>\nOFFSHORE ISLAND<br \/>\nL\u2019\u00e9valuation d\u2019une<br \/>\n\u00eele au large<\/p>\n<p>AN \u2018ACROSS THE FENCE\u2019<br \/>\nAPPROACH FOR VALUING<br \/>\nA RIGHT OF WAY ACROSS<br \/>\nA HYDRO CORRIDOR<br \/>\nUne approche \u00ab de l\u2019autre<br \/>\nc\u00f4t\u00e9 de la cl\u00f4ture \u00bb pour<br \/>\nl\u2019\u00e9valuation d\u2019un droit de<br \/>\npassage dans un corridor<br \/>\nhydro\u00e9lectrique <\/p>\n<p>P<br \/>\nM<\/p>\n<p> #<br \/>\n40<\/p>\n<p>00<br \/>\n82<\/p>\n<p>49<br \/>\n R<\/p>\n<p>et<br \/>\nur<\/p>\n<p>n<br \/>\nun<\/p>\n<p>de<br \/>\nli<\/p>\n<p>ve<br \/>\nra<\/p>\n<p>bl<br \/>\ne <\/p>\n<p>C<br \/>\nan<\/p>\n<p>ad<br \/>\nia<\/p>\n<p>n<br \/>\nA<\/p>\n<p>dd<br \/>\nre<\/p>\n<p>ss<br \/>\nes<\/p>\n<p> t<br \/>\no:<\/p>\n<p> A<br \/>\npp<\/p>\n<p>ra<br \/>\nis<\/p>\n<p>al<br \/>\n In<\/p>\n<p>st<br \/>\nit<\/p>\n<p>ut<br \/>\ne <\/p>\n<p>of<br \/>\n C<\/p>\n<p>an<br \/>\nad<\/p>\n<p>a,<br \/>\n 4<\/p>\n<p>03<br \/>\n-2<\/p>\n<p>00<br \/>\n C<\/p>\n<p>at<br \/>\nhe<\/p>\n<p>ri<br \/>\nne<\/p>\n<p> S<br \/>\nt.<\/p>\n<p>, O<br \/>\ntt<\/p>\n<p>aw<br \/>\na,<\/p>\n<p> O<br \/>\nN<\/p>\n<p> K<br \/>\n2P<\/p>\n<p> 2<br \/>\nK<\/p>\n<p>9.<br \/>\n E<\/p>\n<p>m<br \/>\nai<\/p>\n<p>l:<br \/>\n in<\/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>The Official Publication of the<br \/>\nAppraisal Institute of Canada \/<br \/>\nPublication officielle de l\u2019Institut<br \/>\nCanadien des \u00c9valuateurs<\/p>\n<p>UN<\/p>\n<p>SE PR\u00c9PARE<\/p>\n<p>IS UPON US<br \/>\nA<\/p>\n<p>mailto:info@aicanada.ca<br \/>\nmailto:info@aicanada.ca<br \/>\nmailto:info@aicanada.ca<\/p>\n<p>OUR TECHNOLOGY<br \/>\nGIVES YOU MORE<br \/>\nTIME TO MEET<br \/>\nYOUR GOALS.<\/p>\n<p>DataComp and Edge, in-house<br \/>\ncomp database and report writing<br \/>\nsoftware, will help you achieve<br \/>\nyour professional goals so you<br \/>\nhave more time to work on your<br \/>\npersonal ones.<\/p>\n<p>1-800-475-2785 | RealWired.com<\/p>\n<p>http:\/\/realwired.com<\/p>\n<p>OUR TECHNOLOGY<br \/>\nGIVES YOU MORE<br \/>\nTIME TO MEET<br \/>\nYOUR GOALS.<\/p>\n<p>DataComp and Edge, in-house<br \/>\ncomp database and report writing<br \/>\nsoftware, will help you achieve<br \/>\nyour professional goals so you<br \/>\nhave more time to work on your<br \/>\npersonal ones.<\/p>\n<p>1-800-475-2785 | RealWired.com<\/p>\n<p>COMMERCIAL &#038;<br \/>\nRESIDENTIAL<br \/>\nVALUATION<br \/>\nADVISORY<\/p>\n<p>PROPERTY TAX<br \/>\nCONSULTING<\/p>\n<p>EXPERT<br \/>\nWITNESS<\/p>\n<p>DISASTER<br \/>\nVALUATION<\/p>\n<p>MACHINERY &#038;<br \/>\nEQUIPMENT<br \/>\nVALUATION<\/p>\n<p>REAL PROPERTY APPRAISALS<\/p>\n<p>CDC INC.<br \/>\nREAL PROPERTY<br \/>\nAPPRAISALS.<br \/>\nCOMPREHENSIVE REAL<br \/>\nESTATE VALUATION AND<br \/>\nADVISORY SERVICES IN<br \/>\nALL CANADIAN MARKETS.<\/p>\n<p>Order online cdcinc.ca<br \/>\nor contact CDC direct<br \/>\nat 1-866-479-7922<\/p>\n<p>http:\/\/cdcinc.ca<\/p>\n<p>www<\/p>\n<p>Ready? <\/p>\n<p>Contact Brandi Heidler at:<br \/>\ncanada.careers@colliers.com<br \/>\nfor a confidential chat to learn <\/p>\n<p>more about our competitive<br \/>\ncompensation packages and <\/p>\n<p>the benefits of joining the<br \/>\nColliers Team. <\/p>\n<p>14 Offices<br \/>\n90 Professionals<br \/>\n4,500 Appraisals Each Year<br \/>\n1,250 Tax Appeals<\/p>\n<p>Interested in<br \/>\nbuilding value?<br \/>\nWe are actively seeking experienced<br \/>\ncommercial appraisers ready to take their<br \/>\ncareers to the next level.<\/p>\n<p>Accelerating success.<\/p>\n<p>Be inspired.<br \/>\nAt Colliers, we provide you with the tools to grow your business,<br \/>\nwhether you want to build a team and\/or become an asset type expert.<br \/>\nOur renowned educational platform, Colliers University, mentorship<br \/>\nstructure and innovative business model are just a few ways we can<br \/>\nhelp you build your career.   <\/p>\n<p>Be collaborative.<br \/>\nWork with a fun and supportive team of professionals across North<br \/>\nAmerica who are ready to lend a hand and share their expertise.<br \/>\nThis gives you the opportunity to work on a variety of asset classes<br \/>\nwith the support of our specialty asset type leaders. <\/p>\n<p>Be entrepreneurial.<br \/>\nWe give you the freedom and flexibility to build and manage your<br \/>\ncareer. Our role is to give you every advantage necessary to<br \/>\naccomplish your work efficiently so you can take that next step.  <\/p>\n<p>Colliers International Canada<br \/>\nValuation &#038; Advisory Services<\/p>\n<p>collierscanada.com\/vas<\/p>\n<p>mailto:canada.careers@colliers.com<br \/>\nhttp:\/\/collierscanada.com\/vas<\/p>\n<p>The articles printed in<br \/>\nthis issue represent<br \/>\nauthors\u2019 opinions only<br \/>\nand are not necessarily<br \/>\nendorsed by the<br \/>\nAppraisal Institute<br \/>\nof Canada. Copyright<br \/>\n2019 by the Appraisal<br \/>\nInstitute of Canada.<br \/>\nAll rights reserved.<br \/>\nReproduction in whole<br \/>\nor in part without<br \/>\nwritten permission<br \/>\nis strictly prohibited.<br \/>\nSubscription, $40.00 per<br \/>\nyear. Printed in Canada. <\/p>\n<p>Les articles imprim\u00e9s dans<br \/>\nce num\u00e9ro ne rep\u00e9sentent<br \/>\nque l\u2019opinion de leur auteur<br \/>\nrespectif, mais ne sont pas<br \/>\nn\u00e9ces\u2013sairement endoss\u00e9s<br \/>\npar l\u2019Institut Canadien des<br \/>\n\u00c9valuateurs. Tous droits<br \/>\nreserv\u00e9s 2019 par l\u2019Institut<br \/>\nCanadien des \u00c9valuateurs.<br \/>\nLa reproduction totale ou<br \/>\npartielle sous quelque<br \/>\nform que se soit sans<br \/>\nauthorisation \u00e9crite est<br \/>\nabsolument interdite.<br \/>\nAbonnement $40.00 par<br \/>\nann\u00e9e. Imprim\u00e9 au Canada.<\/p>\n<p>* The Appraisal Institute of<br \/>\nCanada reserves the right<br \/>\nto reject advertising that it<br \/>\ndeems to be inappropriate.<\/p>\n<p>** The publisher and the<br \/>\nAppraisal Institute of Canada<br \/>\ncannot be held liable for<br \/>\nany material used or claims<br \/>\nmade in advertising included<br \/>\nin this publication.Indexed<br \/>\nin the Canadian Business<br \/>\nIndex and available on-line<br \/>\nin the Canadian Business &#038;<br \/>\nCurrent Affairs database.<br \/>\nISSN 0827-2697<\/p>\n<p>Publication Mails Agreement<br \/>\n#40008249<\/p>\n<p>Return undeliverable<br \/>\nCanadian addresses to:<br \/>\nAppraisal Institute of Canada<br \/>\n403-200 Catherine St.,<br \/>\nOttawa, ON K2P 2K9.<br \/>\nEmail: info@aicanada.ca<\/p>\n<p>Director &#8211; Communications:<br \/>\nPaul H\u00e9bert, Ottawa<\/p>\n<p>Publication management,<br \/>\ndesign and production by:<br \/>\nDirection, conception et<br \/>\nproduction par :<\/p>\n<p>3rd Floor \u2013 2020 Portage<br \/>\nAvenue, Winnipeg,<br \/>\nMB R3J 0K4<br \/>\nPhone: 866-985-9780<br \/>\nFax: 866-985-9799<br \/>\nE-mail: info@kelman.ca<br \/>\nWeb: www.kelman.ca<\/p>\n<p>Managing Editor:<br \/>\nCraig Kelman<\/p>\n<p>Design\/Layout:<br \/>\nTabitha Robin<\/p>\n<p>Marketing Manager:<br \/>\nKris Fillion<\/p>\n<p>Advertising Co-ordinator:<br \/>\nStefanie Hagidiakow<\/p>\n<p>06 Executive Corner<br \/>\nAn interview with outgoing<br \/>\nAIC President Peter McLean<\/p>\n<p>36 A Professional<br \/>\nAppraiser\u2019s Perspective<br \/>\nAppraising an<br \/>\noffshore island<\/p>\n<p>44 Professional<br \/>\nPractice Matters<br \/>\nPreparing for an<br \/>\nAdjudicating Hearing<\/p>\n<p>50 Legal Matters<br \/>\n\u2019Unimproved\u2019 property and<br \/>\nrent re-set provisions<\/p>\n<p>54 Advocacy<br \/>\nAdvocacy during an<br \/>\nelection year<\/p>\n<p>56 Education<br \/>\nAIC Applied<br \/>\nexperience Program<\/p>\n<p>58 Designations,<br \/>\nCandidates, Students<\/p>\n<p>59 News<br \/>\n\u2022  IC Top Appraisers<br \/>\n Under 40<br \/>\n\u2022 In Memoriam<\/p>\n<p>10 Le coin de l\u2019ex\u00e9cutif<br \/>\nUne entrevue avec le pr\u00e9sident<br \/>\nsortant de l\u2019ICE, Peter McLean<\/p>\n<p>40 La perspective d\u2019un<br \/>\n\u00e9valuateur professionnel<br \/>\nL\u2019\u00e9valuation d\u2019une \u00eele au large<\/p>\n<p>47  Parlons de la pratique<br \/>\nprofessionelle<br \/>\nSe pr\u00e9parer \u00e0 une<br \/>\naudience d\u2019arbitrage<\/p>\n<p>52 Questions juridiques<br \/>\nProvisions de revalorisation<br \/>\ndu loyer des biens immobiliers<br \/>\n\u00ab non am\u00e9lior\u00e9s \u00bb <\/p>\n<p>55 D\u00e9fense<br \/>\nD\u00e9fense des int\u00e9r\u00eats pendant<br \/>\nune ann\u00e9e d\u2019\u00e9lection <\/p>\n<p>57 \u00c9ducation<br \/>\nProgramme d\u2019exp\u00e9rience<br \/>\npratique de l\u2019ICE<\/p>\n<p>58  D\u00e9signations,<br \/>\nstagiaires, \u00e9tudiants<\/p>\n<p>59  Nouvelles<br \/>\n\u2022 Meilleurs \u00e9valuateurs de<br \/>\n moins de 40 ans de l\u2019ICE<br \/>\n\u2022 En memoire<\/p>\n<p>How to attract a complaint<\/p>\n<p>Comment risquer une plainte<\/p>\n<p>An \u2018across the fence\u2019 approach<br \/>\nfor valuing a Right of Way across<br \/>\na hydro corridor<\/p>\n<p>Une approche \u00ab de l\u2019autre c\u00f4t\u00e9 de<br \/>\nla cl\u00f4ture \u00bb pour l\u2019\u00e9valuation d\u2019un<br \/>\ndroit de passage dans un corridor<br \/>\nhydro\u00e9lectrique <\/p>\n<p>14<\/p>\n<p>32<\/p>\n<p>20<\/p>\n<p>COLUMNS CHRONIQUES<\/p>\n<p>A sea change is upon us<\/p>\n<p>Un changement radical se pr\u00e9pare<\/p>\n<p>mailto:info@aicanada.ca<br \/>\nmailto:info@kelman.ca<br \/>\nhttp:\/\/www.kelman.ca<\/p>\n<p>An interview with<br \/>\noutgoing AIC President<br \/>\nPeter McLean<\/p>\n<p>P<br \/>\ne<\/p>\n<p>te<br \/>\nr <\/p>\n<p>M<br \/>\nc<\/p>\n<p>L<br \/>\ne<\/p>\n<p>a<br \/>\nn<\/p>\n<p>,<br \/>\nA<\/p>\n<p>A<br \/>\nC<\/p>\n<p>I,<br \/>\n P<\/p>\n<p>.A<br \/>\np<\/p>\n<p>p<\/p>\n<p>Meeting new people with different outlooks and<br \/>\nexperiences as well as travelling across Canada and to<br \/>\ncountries such as the US and abroad has enabled me<br \/>\nto grow as a person, as an appraiser and to identify the<br \/>\nimportance of our members.<\/p>\n<p>The passing of the gavel<br \/>\nto President Elect<br \/>\nThomas Fox, AACI,<br \/>\nP. App. at this<br \/>\nyear\u2019s Appraisal<br \/>\nInstitute<br \/>\nof Canada<br \/>\n(AIC) Annual<br \/>\nConference and<br \/>\nAGM brings to a <\/p>\n<p>close the one-year<br \/>\nterm as President<br \/>\nfor Peter McLean,<br \/>\nAACI, P. App. It has<br \/>\nbeen an eventful year<br \/>\nfor Peter, particularly<br \/>\nwith respect to the<br \/>\ntransformation the<br \/>\nInstitute is undergoing <\/p>\n<p>to keep pace<br \/>\nwith the rapidly<br \/>\nchanging <\/p>\n<p>environment in<br \/>\nwhich it and its Members operate.<br \/>\nUnderstanding the challenges we all<br \/>\nface and recognizing the need for a<br \/>\nproactive approach to meeting those<br \/>\nchallenges, Peter shares his thoughts<br \/>\non the year past and what lies ahead.<\/p>\n<p>How would you describe your <\/p>\n<p>experiences this past year from <\/p>\n<p>both a professional and personal <\/p>\n<p>standpoint?<\/p>\n<p>PM: From a professional perspective,<br \/>\nthis past 12 months has provided me<br \/>\nwith an amazing opportunity to discover<br \/>\nthe diversity of our Members across<br \/>\nthis huge country of ours and to witness<br \/>\nfirst-hand the important role that we<br \/>\nplay in the real estate industry. It has<br \/>\nbeen a challenge to meet the demands of<br \/>\nthe position while also ensuring that my<br \/>\nbusiness continued to thrive, but I knew<br \/>\nwhat these demands would entail before<br \/>\nbecoming President and I was able to do<br \/>\nwhat had to be done. <\/p>\n<p>Personally, the experience has been<br \/>\ninteresting, rewarding, and entertaining<br \/>\nin many respects. Meeting new people<br \/>\nwith different outlooks and experiences <\/p>\n<p>as well as travelling across Canada<br \/>\nand to countries such as the US and<br \/>\ninternationally has enabled me to grow<br \/>\nas a person and as an appraiser.<\/p>\n<p>What do you feel have been the <\/p>\n<p>major accomplishments during the <\/p>\n<p>past year?<\/p>\n<p>PM: In my estimation, our biggest<br \/>\naccomplishment has been in the<br \/>\narea of advocacy. Our Members have<br \/>\nrepeatedly indicated their desire for<br \/>\nour profession to have significantly<br \/>\nmore representation with provincial<br \/>\nand federal governments and financial<br \/>\ninstitutions. It has not been easy, but<br \/>\nI believe we have made significant<br \/>\ninroads in both of these areas. From<br \/>\nbeing invited to make presentations<br \/>\nto government finance committees to<br \/>\nmeeting with government officials and <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 6 Return to CONTENTS<\/p>\n<p>EXECUTIVE CORNER<\/p>\n<p>OFSI during events such as Parliament<br \/>\nHill and Queen\u2019s Park days in Ontario, we<br \/>\nhave been promoting our Members and<br \/>\nthe range of services they provide to the<br \/>\nbest of our ability. It takes time to build<br \/>\nthese bridges, but we have come a long<br \/>\nway from having governments not even<br \/>\nknow what appraisers do to now being<br \/>\nan important voice affecting policies that<br \/>\npertain to the real estate industry.<\/p>\n<p>Are there specific areas where <\/p>\n<p>you wish more could have been <\/p>\n<p>accomplished?<\/p>\n<p>PM: I wish I could have seen more<br \/>\nengagement from Members in promoting<br \/>\ntheir professionalism and the diversity<br \/>\nof the services they can provide. Our<br \/>\norganization is still growing, our<br \/>\nrecognition in the marketplace as \u2018The<br \/>\nProfessionals of Choice\u2019 is stronger than<br \/>\never, and we are continually adding to the<br \/>\nportfolio of services that appraisers are<br \/>\nable to offer their clients, but there are<br \/>\nstill many Members who sell themselves<br \/>\nshort and do not place enough value<br \/>\non themselves or the services they are<br \/>\nable to provide. I definitely would like to<br \/>\nhave seen more Members enhance their<br \/>\nskillsets wherever possible, understand<br \/>\nwhat their value is in the marketplace,<br \/>\nand then market themselves with<br \/>\nconfidence and commitment. <\/p>\n<p>In recent months, AIC has embarked <\/p>\n<p>on a plan to transform how the <\/p>\n<p>Institute and the profession deal <\/p>\n<p>with the rapidly changing landscape <\/p>\n<p>in which appraisers operate. Can <\/p>\n<p>you give us a brief idea of what this <\/p>\n<p>transformation is all about?   <\/p>\n<p>PM: For the last few years, we have<br \/>\nknown that technology is changing the <\/p>\n<p>way everyone lives and works. From<br \/>\ncomputers and drones, to AVMs and<br \/>\ndata analysis, the old adage that \u2018the<br \/>\nonly constant in life is change\u2019 has never<br \/>\nbeen more accurate in the appraisal<br \/>\nprofession than it is today. This comes<br \/>\nat a time when there is relentless<br \/>\ndownward pressure on the fees we can<br \/>\ncharge and on the turnaround time for<br \/>\nthe services we provide. <\/p>\n<p>To emphasize this point, allow me<br \/>\nto relate a recent experience I had during<br \/>\na meeting last fall with some major <\/p>\n<p>lenders. In discussing their efforts to<br \/>\nmaintain their share of the residential<br \/>\nmortgage market, a senior official of<br \/>\na major bank noted that they found<br \/>\nthemselves needing to innovate their<br \/>\nproducts. She then challenged us to<br \/>\nlook for innovation in the appraisal<br \/>\nprofession.<\/p>\n<p>The words were clear, concise, and<br \/>\npowerful. Unfortunately, there are some<br \/>\nAIC Members who are not interested<br \/>\nin embracing change and doing what it<br \/>\nmay take to survive and flourish in the <\/p>\n<p>We have come a long way from governments not even knowing what appraisers do to<br \/>\nnow being an important voice influencing policies that pertain to the real estate industry.<\/p>\n<p>Suite 101, 24 Inglewood Drive, St. Albert, AB T8N 6K4<\/p>\n<p>Please send resumes to: info@crvg.com<br \/>\nAACI &#038; Candidates<\/p>\n<p>Tel: (780) 424-8856  \u2022  Fax: (587) 290-2267<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 7Return to CONTENTS<\/p>\n<p>mailto:info@crvg.com<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"Xdw1GDwNpi\"><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=GP0earjbwK#?secret=Xdw1GDwNpi\" data-secret=\"Xdw1GDwNpi\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>EXECUTIVE CORNER<\/p>\n<p>near- and long-term future. While we<br \/>\ncannot force individuals to change how<br \/>\nthey go about their business, AIC can<br \/>\nbecome more efficient, cost effective and<br \/>\nforward thinking in providing Members<br \/>\nwith the diversity of tools and services<br \/>\nrequired in today\u2019s rapidly evolving<br \/>\nmarketplace. <\/p>\n<p>In this regard, we have made changes<br \/>\nto our professional standards that now<br \/>\ngive Members the ability to do different<br \/>\ntypes of work on a daily basis, and we are<br \/>\nlooking for more efficient, cost effective<br \/>\nand consistent ways to restructure<br \/>\nhow we support our Members through<br \/>\nnational, chapter, and provincial offices.<br \/>\nThe better job we can do to accomplish<br \/>\nthis, the better off our Members<br \/>\nacross Canada will be in growing their<br \/>\nbusinesses and their careers.<\/p>\n<p>Can you describe your experiences <\/p>\n<p>working with the AIC Board, staff <\/p>\n<p>and membership?<\/p>\n<p>PM: On all counts, it has been an<br \/>\nextremely positive experience. My<br \/>\ncolleagues on the Board of Directors<br \/>\nhave been well prepared, focused<br \/>\nand engaged in dealing with issues,<br \/>\ndeveloping strategies, and implementing<br \/>\npolicies that support our Members in a<br \/>\nvariety of ways. <\/p>\n<p>Where the staff is concerned, I have<br \/>\nno reservations about using words such<br \/>\nas \u2018unbelievable\u2019 and \u2018amazing.\u2019 Kudos<br \/>\nto CEO Keith Lancastle and the rest of<br \/>\nhis dedicated team who work tirelessly,<br \/>\ncohesively and quickly to provide the<br \/>\nBoard and our Members coast-to-coast-<br \/>\nto-coast the support we require to do our<br \/>\njobs. They are extremely productive and<br \/>\ndealing with them is a genuine pleasure. <\/p>\n<p>As for our Members, I truly believe<br \/>\nthat there is an overall appreciation of<br \/>\nwhat the Institute is trying to do on their<br \/>\nbehalf. The uncertainty of where the<br \/>\nmarketplace is headed and what services<br \/>\nwill be required in the future is a fact<br \/>\nof life to which we can all relate. We<br \/>\nare in this boat together and I definitely<br \/>\nfeel that most of us are rowing in the<br \/>\nsame direction. <\/p>\n<p>Was there anything that surprised <\/p>\n<p>you during your tenure as President?<\/p>\n<p>PM: While overseeing the various<br \/>\ncommittees, I was amazed at the number<br \/>\nof volunteers involved in our operation<br \/>\nand the incredible amount of dedication<br \/>\nthat they have in carrying out their duties.<br \/>\nI have personally served on a variety of<br \/>\nAIC committees over the years, but, as<br \/>\npresident, I was able to see the bigger<br \/>\npicture. From young appraisers just<br \/>\nstarting their careers to others who<br \/>\nhave been in the profession for decades,<br \/>\ntheir participation is something to<br \/>\nbehold. There is no way the Institute<br \/>\ncould function as it does without these<br \/>\namazing volunteers.<\/p>\n<p>How did the challenges of fulfilling <\/p>\n<p>your presidential duties affect your <\/p>\n<p>career and your business?<\/p>\n<p>I would like to have seen more Members enhance their<br \/>\nskillsets wherever possible, understand what their value<br \/>\nis in the marketplace, and then market themselves with<br \/>\nconfidence and commitment.<\/p>\n<p>PM: Balancing the commitments of both<br \/>\nwas a huge challenge, but it is one that I<br \/>\nwould definitely take on again. The key is<br \/>\nto be as well organized as possible and<br \/>\nto have good people backing you up. My<br \/>\nwife Kari, is involved in our business and<br \/>\nshe has been instrumental in taking care<br \/>\nof things while I was away. I knew what<br \/>\nto expect coming into this situation and<br \/>\nI believe we managed to stay on top of it<br \/>\nquite well. <\/p>\n<p>What advice would you give to an <\/p>\n<p>incoming president?<\/p>\n<p>PM: First and foremost, do not take<br \/>\nyourself too seriously. You are the<br \/>\nPresident for an organization of your peers<br \/>\nand colleagues and you are a Member just<br \/>\nlike those you serve. Be prepared as best<br \/>\nyou can, enjoy the experience, learn from<br \/>\nit, and have fun when you can.<\/p>\n<p>What will be your role as Past-<\/p>\n<p>President in the year ahead?<\/p>\n<p>PM: With the knowledge and experience<br \/>\nthat I have gained this past year and in<br \/>\nvarious roles in the years prior to it, my<br \/>\nfocus will be in offering support and<br \/>\nclarification to the Board, Executive and<br \/>\nstaff. I will continue to be part of the<br \/>\nExecutive and we will work together to<br \/>\nmeet the challenges ahead. <\/p>\n<p>While we cannot force individuals to change how they go about their business, the AIC<br \/>\ncan become more efficient, cost effective and forward thinking in providing Members<br \/>\nwith the diversity of tools and services required in today\u2019s rapidly evolving marketplace.<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 8 Return to CONTENTS<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 9Return to CONTENTS<\/p>\n<p>SAVE<br \/>\nTHE DATE!<\/p>\n<p>R\u00c9SERVEZ<br \/>\nLA DATE !<\/p>\n<p>JUNE 3-7 \/ LE 3 AU 7 JUIN<br \/>\nSheraton Vancouver Wall Centre \/ Vancouver, BC<\/p>\n<p>AIC 2020 ICE <\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 9Return to CONTENTS<\/p>\n<p>Une entrevue avec<br \/>\nle pr\u00e9sident sortant de l\u2019ICE,<br \/>\nPeter McLean<\/p>\n<p>P<br \/>\ne<\/p>\n<p>te<br \/>\nr <\/p>\n<p>M<br \/>\nc<\/p>\n<p>L<br \/>\ne<\/p>\n<p>a<br \/>\nn<\/p>\n<p>,<br \/>\nA<\/p>\n<p>A<br \/>\nC<\/p>\n<p>I,<br \/>\n P<\/p>\n<p>.A<br \/>\np<\/p>\n<p>p<\/p>\n<p>Le passage du flambeau au pr\u00e9sident \u00e9lu Thomas<br \/>\nFox, AACI, P.App au<br \/>\nCongr\u00e8s annuel et<br \/>\n\u00e0 l\u2019AGA de l\u2019Institut<br \/>\ncanadien des<br \/>\n\u00e9valuateurs (ICE)<br \/>\nde cette ann\u00e9e<br \/>\nmet fin au mandat<br \/>\nd\u2019un an de Peter<br \/>\nMcLean, AACI, P.App <\/p>\n<p>\u00e0 la pr\u00e9sidence.<br \/>\nCe fut une ann\u00e9e<br \/>\nriche d\u2019activit\u00e9s pour<br \/>\nPeter, notamment en<br \/>\nce qui concerne la<br \/>\ntransformation que<br \/>\ntraverse l\u2019Institut<br \/>\npour suivre le rythme<br \/>\nde l\u2019environnement en <\/p>\n<p>rapide changement<br \/>\ndans lequel<br \/>\n\u00e9voluent l\u2019ICE <\/p>\n<p>et ses membres.<br \/>\nComprenant les d\u00e9fis que nous devons<br \/>\ntous relever et reconnaissant la n\u00e9cessit\u00e9<br \/>\nd\u2019adopter une approche proactive pour<br \/>\nce faire, Peter partage ses r\u00e9flexions sur<br \/>\nl\u2019ann\u00e9e qui vient de s\u2019\u00e9couler et sur ce qui<br \/>\nnous attend demain.<\/p>\n<p>Comment d\u00e9cririez-vous vos <\/p>\n<p>exp\u00e9riences depuis un an, tant du <\/p>\n<p>point de vue professionnel que <\/p>\n<p>personnel ?<\/p>\n<p>PM : Du c\u00f4t\u00e9 professionnel, les 12 derniers<br \/>\nmois m\u2019ont donn\u00e9 l\u2019opportunit\u00e9 incroyable<br \/>\nde d\u00e9couvrir la grande diversit\u00e9 de nos<br \/>\nmembres \u00e0 travers ce vaste pays et de<br \/>\nconstater moi-m\u00eame le r\u00f4le important<br \/>\nque nous jouons dans l\u2019industrie de<br \/>\nl\u2019immobilier. \u00c7a n\u2019a pas \u00e9t\u00e9 chose facile de<br \/>\nr\u00e9pondre aux demandes de la fonction tout<br \/>\nen assurant le succ\u00e8s de ma compagnie,<br \/>\nmais je savais ce que ces demandes<br \/>\nimpliquaient avant de devenir pr\u00e9sident et<br \/>\nj\u2019ai r\u00e9ussi \u00e0 faire ce qui devait \u00eatre fait.<\/p>\n<p>Rencontrer de nouvelles personnes<br \/>\navec diff\u00e9rentes perspectives et<br \/>\nexp\u00e9riences et voyager \u00e0 travers le <\/p>\n<p>Canada, dans des pays comme les<br \/>\n\u00c9tats-Unis et ailleurs dans le monde m\u2019a<br \/>\npermis de grandir en tant que personne,<br \/>\nen tant qu\u2019\u00e9valuateur et de constater<br \/>\nl\u2019importance de nos membres.<\/p>\n<p>\u00c0 votre avis, quels ont \u00e9t\u00e9 les <\/p>\n<p>accomplissements majeurs de <\/p>\n<p>l\u2019ann\u00e9e pass\u00e9e ?<\/p>\n<p>PM : J\u2019estime que notre plus belle<br \/>\nr\u00e9ussite a \u00e9t\u00e9 dans la d\u00e9fense des<br \/>\nint\u00e9r\u00eats. Nos membres ont r\u00e9it\u00e9r\u00e9<br \/>\nplusieurs fois leur souhait que notre<br \/>\nprofession soit beaucoup mieux<br \/>\nrepr\u00e9sent\u00e9e aupr\u00e8s des gouvernements<br \/>\nf\u00e9d\u00e9ral et provinciaux et des institutions<br \/>\nfinanci\u00e8res. \u00c7a n\u2019a pas \u00e9t\u00e9 facile,<br \/>\nmais je crois que nous avons fait<br \/>\nd\u2019importantes perc\u00e9es dans ces deux <\/p>\n<p>Rencontrer de nouvelles personnes avec diff\u00e9rentes<br \/>\nperspectives et exp\u00e9riences et voyager \u00e0 travers<br \/>\nle Canada, dans des pays comme les \u00c9tats-Unis et<br \/>\nailleurs dans le monde m\u2019a permis de grandir en tant<br \/>\nque personne, en tant qu\u2019\u00e9valuateur et de constater<br \/>\nl\u2019importance de nos membres<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 10 Return to CONTENTS<\/p>\n<p>LE COIN DE L\u2019EX\u00c9CUTIF<\/p>\n<p>domaines. Que ce soit \u00eatre invit\u00e9 \u00e0 faire<br \/>\ndes pr\u00e9sentations \u00e0 des comit\u00e9s des<br \/>\nfinances gouvernementaux ou rencontrer<br \/>\ndes repr\u00e9sentants des gouvernements et<br \/>\ndu BSIF durant des \u00e9v\u00e9nements comme<br \/>\nles jours \u00e0 la Colline du Parlement et \u00e0<br \/>\nQueen\u2019s Park en Ontario, nous avons fait la<br \/>\npromotion de nos membres et de l\u2019\u00e9ventail<br \/>\ndes services qu\u2019ils fournissent au meilleur<br \/>\nde leurs capacit\u00e9s. Cela prend du temps<br \/>\npour construire ces ponts, mais nous<br \/>\navons beaucoup accompli en sensibilisant<br \/>\nles gouvernements, qui souvent ne<br \/>\nsavaient m\u00eame pas ce que faisaient les<br \/>\n\u00e9valuateurs, et en \u00e9tant devenus une voix<br \/>\nforte qui influence les politiques touchant<br \/>\nl\u2019industrie immobili\u00e8re.<\/p>\n<p>Y a-t-il des domaines particuliers o\u00f9 <\/p>\n<p>vous auriez aim\u00e9 voir plus de progr\u00e8s ?<\/p>\n<p>PM : Oui. J\u2019aurais souhait\u00e9 que les<br \/>\nmembres se mobilisent davantage pour<br \/>\npromouvoir leur professionnalisme et la<br \/>\ndiversit\u00e9 des services qu\u2019ils peuvent offrir.<br \/>\nNotre organisation continue \u00e0 cro\u00eetre,<br \/>\nnotre reconnaissance dans le march\u00e9<br \/>\ncomme \u00ab les professionnels de choix \u00bb<br \/>\nest plus solide que jamais, alors que nous<br \/>\naugmentons constamment le portefeuille<br \/>\nde services que les \u00e9valuateurs peuvent <\/p>\n<p>fournir \u00e0 leurs clients. Mais, il y a encore<br \/>\ndes membres qui se sous-estiment et<br \/>\nqui ne s\u2019accordent pas assez de valeur \u00e0<br \/>\neux-m\u00eames ou aux services qu\u2019ils sont \u00e0<br \/>\nmesure de rendre. J\u2019aurais d\u00e9finitivement<br \/>\naim\u00e9 voir plus de membres augmenter<br \/>\nleur bagage de comp\u00e9tences, dans tous<br \/>\nles domaines possibles, comprendre la<br \/>\nvaleur qu\u2019ils ont dans le march\u00e9 et, par<br \/>\ncons\u00e9quent, se mettre eux-m\u00eames en<br \/>\nmarch\u00e9, avec confiance et engagement.<\/p>\n<p>Dans les derniers mois, l\u2019ICE a <\/p>\n<p>entrepris un plan pour changer la <\/p>\n<p>fa\u00e7on dont l\u2019Institut et la profession <\/p>\n<p>abordent l\u2019environnement en rapide <\/p>\n<p>\u00e9volution dans lequel les \u00e9valuateurs <\/p>\n<p>exercent leur profession. Pouvez-<\/p>\n<p>vous nous parler un peu de ce <\/p>\n<p>qu\u2019implique ce changement ?<\/p>\n<p>PM : Depuis quelques ann\u00e9es, nous savons<br \/>\nque la technologie transforme la fa\u00e7on<br \/>\ndont nous vivons et travaillons. Que l\u2019on<br \/>\nparle d\u2019ordinateurs, de drones, de MAE<br \/>\nou d\u2019analyse de donn\u00e9es, le vieil adage<br \/>\nvoulant que \u2039 la seule constante dans la<br \/>\nvie, c\u2019est le changement \u203a n\u2019a jamais \u00e9t\u00e9<br \/>\naussi vrai qu\u2019aujourd\u2019hui dans la profession<br \/>\nd\u2019\u00e9valuateur. Cela se produit \u00e0 un moment<br \/>\no\u00f9 l\u2019on constate une pression constante \u00e0 la <\/p>\n<p>baisse sur les honoraires que nous pouvons<br \/>\ncharger et sur un d\u00e9lai d\u2019ex\u00e9cution plus<br \/>\ncourt pour les services que nous rendons.<\/p>\n<p>Pour illustrer ce point, permettez-moi<br \/>\nde relater une exp\u00e9rience r\u00e9cente que j\u2019ai<br \/>\neue durant une r\u00e9union, l\u2019automne dernier,<br \/>\navec quelques pr\u00eateurs importants. En<br \/>\ndiscutant de leurs efforts pour maintenir<br \/>\nleur part du march\u00e9 hypoth\u00e9caire<br \/>\nr\u00e9sidentiel, une haute dirigeante d\u2019une<br \/>\ngrande banque a not\u00e9 que son institution<br \/>\ndevait innover ses produits. Elle nous a<br \/>\nensuite lanc\u00e9 le d\u00e9fi de moderniser aussi la<br \/>\nprofession d\u2019\u00e9valuateur.<\/p>\n<p>Les mots \u00e9taient clairs, concis et<br \/>\npuissants. Malheureusement, certains<br \/>\nmembres de l\u2019ICE ne sont pas pr\u00eats \u00e0<br \/>\naccueillir le changement et \u00e0 faire ce<br \/>\nqu\u2019il faut pour survivre et prosp\u00e9rer<br \/>\ndans l\u2019avenir, \u00e0 moyen et \u00e0 long terme.<br \/>\nAlors qu\u2019on ne peut pas forcer les gens<br \/>\n\u00e0 changer leur fa\u00e7on de conduire leurs<br \/>\naffaires, l\u2019ICE peut devenir plus efficace,<br \/>\nplus rentable et plus pr\u00e9voyant en<br \/>\nfournissant aux membres les diff\u00e9rents<br \/>\noutils et services requis dans le march\u00e9<br \/>\nd\u2019aujourd\u2019hui qui \u00e9volue si rapidement.<\/p>\n<p>\u00c0 cet \u00e9gard, nous avons modifi\u00e9 nos<br \/>\nnormes professionnelles, qui permettent<br \/>\nd\u00e9sormais aux membres d\u2019accomplir<br \/>\ndiff\u00e9rents types de travail sur une base<br \/>\nquotidienne et nous cherchons des<br \/>\nmoyens plus efficients, plus \u00e9conomiques<br \/>\net plus coh\u00e9rents de restructurer la fa\u00e7on<br \/>\ndont nous supportons nos membres par<br \/>\nl\u2019interm\u00e9diaire du bureau national, les<br \/>\nchapitres et les bureaux provinciaux. Plus<br \/>\nnous r\u00e9ussirons \u00e0 faire cela, le mieux se<br \/>\nporteront nos membres \u00e0 l\u2019\u00e9chelle du<br \/>\npays pour faire fructifier leurs entreprises<br \/>\net leurs carri\u00e8res.<\/p>\n<p>Nous avons beaucoup accompli en sensibilisant les gouvernements, qui souvent ne<br \/>\nsavaient m\u00eame pas ce que faisaient les \u00e9valuateurs, et en \u00e9tant devenus une voix<br \/>\nforte qui influence les politiques touchant l\u2019industrie immobili\u00e8re.<\/p>\n<p>J\u2019aurais d\u00e9finitivement aim\u00e9 voir plus de membres<br \/>\naugmenter leur bagage de comp\u00e9tences, dans tous les<br \/>\ndomaines possibles, comprendre la valeur qu\u2019ils ont<br \/>\ndans le march\u00e9 et, par cons\u00e9quent, se mettre eux-<br \/>\nm\u00eames en march\u00e9, avec confiance et engagement.<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 11Return to CONTENTS<\/p>\n<p>LE COIN DE L\u2019EX\u00c9CUTIF<\/p>\n<p>Pouvez-vous d\u00e9crire vos exp\u00e9riences <\/p>\n<p>de travail avec les membres du <\/p>\n<p>Conseil, avec le personnel et les <\/p>\n<p>membres de l\u2019ICE ?<\/p>\n<p>PM : Toutes mes exp\u00e9riences ont \u00e9t\u00e9<br \/>\nextr\u00eamement positives. Mes coll\u00e8gues<br \/>\ndu Conseil d\u2019administration \u00e9taient bien<br \/>\npr\u00e9par\u00e9s, focalis\u00e9s et engag\u00e9s pour<br \/>\nsolutionner les enjeux, \u00e9laborer des<br \/>\nstrat\u00e9gies et implanter des politiques<br \/>\nqui soutiennent nos membres de toutes<br \/>\nsortes de fa\u00e7ons. <\/p>\n<p>Pour ce qui est du personnel, je n\u2019ai<br \/>\naucune h\u00e9sitation \u00e0 utiliser des mots<br \/>\ncomme \u2039 incroyable \u203a et \u2039 merveilleux \u203a.<br \/>\nBravo au DG Keith Lancastle et \u00e0 son<br \/>\n\u00e9quipe d\u00e9vou\u00e9e qui travaillent sans<br \/>\nrel\u00e2che, avec coh\u00e9sion et rapidit\u00e9 pour<br \/>\nfournir au Conseil et aux membres d\u2019un<br \/>\noc\u00e9an \u00e0 l\u2019autre le soutien dont ils ont <\/p>\n<p>besoin pour faire leur travail. Ils sont<br \/>\nextr\u00eamement productifs et traiter avec<br \/>\neux est un v\u00e9ritable plaisir.<\/p>\n<p>Quant \u00e0 nos membres, je suis s\u00fbr<br \/>\nqu\u2019ils appr\u00e9cient presque tous ce que<br \/>\nl\u2019Institut essaie de faire en leur nom.<br \/>\nL\u2019incertitude sur la direction qu\u2019est<br \/>\nen train de prendre le march\u00e9 et sur<br \/>\nla nature des services qui seront<br \/>\nn\u00e9cessaires dans le futur est un al\u00e9a de<br \/>\nla vie qui nous est tous familier. Nous<br \/>\nsommes dans le m\u00eame bateau et je crois<br \/>\nfermement que la vaste majorit\u00e9 d\u2019entre<br \/>\nnous ramons dans la m\u00eame direction.<\/p>\n<p>Quelque chose vous a-t-elle surpris <\/p>\n<p>lors de votre passage \u00e0 la pr\u00e9sidence ?<\/p>\n<p>PM : En supervisant divers comit\u00e9s, j\u2019ai \u00e9t\u00e9<br \/>\n\u00e9merveill\u00e9 de voir le nombre de b\u00e9n\u00e9voles<br \/>\nimpliqu\u00e9s dans notre op\u00e9ration et le tr\u00e8s<br \/>\ngrand d\u00e9vouement que tous ont d\u00e9montr\u00e9<br \/>\ndans l\u2019ex\u00e9cution de leurs devoirs. J\u2019ai<br \/>\nmoi-m\u00eame si\u00e9g\u00e9 sur une vari\u00e9t\u00e9 de<br \/>\ncomit\u00e9s de l\u2019ICE au fil des ans, mais,<br \/>\ncomme pr\u00e9sident, j\u2019ai pu voir l\u2019ensemble<br \/>\nde l\u2019\u0153uvre. Des jeunes \u00e9valuateurs au<br \/>\ntout d\u00e9but de leurs carri\u00e8res \u00e0 d\u2019autres<br \/>\nqui pratiquent depuis des dizaines<br \/>\nd\u2019ann\u00e9es, leur participation est vraiment<br \/>\nimpressionnante \u00e0 observer. D\u2019aucune<br \/>\nfa\u00e7on l\u2019Institut ne pourrait fonctionner<br \/>\ncomme il le fait sans la pr\u00e9sence de ces<br \/>\nb\u00e9n\u00e9voles extraordinaires.<\/p>\n<p>Comment les d\u00e9fis d\u2019accomplir vos <\/p>\n<p>devoirs pr\u00e9sidentiels ont-ils influenc\u00e9 <\/p>\n<p>votre carri\u00e8re et votre compagnie ?<\/p>\n<p>PM : Faire l\u2019\u00e9quilibre entre ces deux<br \/>\nengagements \u00e9tait toute une commande,<br \/>\nmais je n\u2019h\u00e9siterais pas \u00e0 recommencer.<br \/>\nLa cl\u00e9, c\u2019est d\u2019\u00eatre organis\u00e9 autant<br \/>\nque possible et d\u2019\u00eatre entour\u00e9 de<br \/>\ngens solides qui vous appuient. Mon<br \/>\n\u00e9pouse, Kari, est impliqu\u00e9e dans notre<br \/>\ncompagnie et elle a \u00e9t\u00e9 tr\u00e8s pr\u00e9cieuse<br \/>\npour s\u2019occuper des affaires quand j\u2019\u00e9tais<br \/>\nabsent. Je savais \u00e0 quoi m\u2019attendre dans<br \/>\ncette aventure et je crois que nous nous<br \/>\nsommes tr\u00e8s bien d\u00e9brouill\u00e9s.<\/p>\n<p>Quels conseils donneriez-vous \u00e0 un <\/p>\n<p>nouveau pr\u00e9sident ?<\/p>\n<p>PM : D\u2019abord et avant tout, ne vous<br \/>\nprenez pas trop au s\u00e9rieux. Vous \u00eates le<br \/>\npr\u00e9sident d\u2019une organisation de vos pairs<br \/>\net coll\u00e8gues et vous \u00eates un membre au<br \/>\nm\u00eame titre que ceux que vous servez.<br \/>\nPr\u00e9parez-vous le mieux possible, profitez<br \/>\nde l\u2019exp\u00e9rience, tirez-en des le\u00e7ons<br \/>\net amusez-vous lorsque l\u2019occasion se<br \/>\npr\u00e9sente.<\/p>\n<p>Quelle sera votre r\u00f4le en tant <\/p>\n<p>qu\u2019ancien pr\u00e9sident durant l\u2019ann\u00e9e  <\/p>\n<p>\u00e0 venir ?<\/p>\n<p>PM : Avec les connaissances et les<br \/>\nexp\u00e9riences acquises l\u2019an dernier et dans<br \/>\nles divers r\u00f4les que j\u2019ai jou\u00e9s au cours<br \/>\ndes ann\u00e9es pr\u00e9c\u00e9dentes, je m\u2019efforcerai<br \/>\nd\u2019offrir de l\u2019aide et des pr\u00e9cisions au<br \/>\nConseil, \u00e0 l\u2019Ex\u00e9cutif et aux employ\u00e9s. Je<br \/>\nferai encore partie de l\u2019Ex\u00e9cutif et nous<br \/>\ntravaillerons ensemble pour relever les<br \/>\nd\u00e9fis qui nous attendent. <\/p>\n<p>Alors qu\u2019on ne peut pas forcer les gens \u00e0 changer<br \/>\nleur fa\u00e7on de conduire leurs affaires, l\u2019ICE peut<br \/>\ndevenir plus efficace, plus rentable et plus pr\u00e9voyant<br \/>\nen fournissant aux membres les diff\u00e9rents outils<br \/>\net services requis dans le march\u00e9 d\u2019aujourd\u2019hui qui<br \/>\n\u00e9volue si rapidement.<\/p>\n<p>Need Continuing<br \/>\nProfessional Development<br \/>\n(CPD) Credits? <\/p>\n<p>Check out the CPD page on<br \/>\nthe AIC website for an array<br \/>\nof opportunities. <\/p>\n<p>www.aicanada.ca\/aic-events\/<br \/>\ncpd-opportunities\/ <\/p>\n<p>Besoin de cr\u00e9dits de<br \/>\nperfectionnement<br \/>\nprofessionnel (CPP)?<br \/>\nRendez-vous sur la page<br \/>\nde PPC du site Web de<br \/>\nl\u2019ICE afin de d\u00e9couvrir<br \/>\ntoutes les opportunit\u00e9s. <\/p>\n<p>www.aicanada.ca\/fr\/<br \/>\nevenements-aic\/des-<br \/>\nopportunites-ppc-de-lice\/<\/p>\n<p>Appraisal Institute of Canada<br \/>\nInstitut canadien des \u00e9valuateurs<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 12 Return to CONTENTS<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"rB1j9LVCxJ\"><p><a href=\"https:\/\/www.aicanada.ca\/aic-events\/cpd-opportunities\/\">CPD Opportunities<\/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;CPD Opportunities&#8221; &#8212; Appraisal Institute of Canada\" src=\"https:\/\/www.aicanada.ca\/aic-events\/cpd-opportunities\/embed\/#?secret=ru9jYLsHTr#?secret=rB1j9LVCxJ\" data-secret=\"rB1j9LVCxJ\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"vTGSR4OP5H\"><p><a href=\"https:\/\/www.aicanada.ca\/fr\/evenements-aic\/des-opportunites-ppc-de-lice\/\">Des opportunit\u00e9s PPC de l\u2019ICE<\/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;Des opportunit\u00e9s PPC de l\u2019ICE&#8221; &#8212; Appraisal Institute of Canada\" src=\"https:\/\/www.aicanada.ca\/fr\/evenements-aic\/des-opportunites-ppc-de-lice\/embed\/#?secret=3LZJTlheDM#?secret=vTGSR4OP5H\" data-secret=\"vTGSR4OP5H\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Immobili\u00e8re au Canada<\/p>\n<p>Canadian Property<br \/>\nVol 63 | Book 2 \/ Tome 2 2019<\/p>\n<p>HOW TO ATTRACT<br \/>\nA COMPLAINT<br \/>\nComment risquer<br \/>\nune plainte<\/p>\n<p>APPRAISING AN<br \/>\nOFFSHORE ISLAND<br \/>\n(*French to come)<\/p>\n<p>AN \u2018ACROSS THE FENCE\u2019<br \/>\nAPPROACH FOR VALUING<br \/>\nA RIGHT OF WAY ACROSS<br \/>\nA HYDRO CORRIDOR<br \/>\nUne approche \u00ab de l\u2019autre<br \/>\nc\u00f4t\u00e9 de la cl\u00f4ture \u00bb pour<br \/>\nl\u2019\u00e9valuation d\u2019un droit de<br \/>\npassage dans un corridor<br \/>\nhydro\u00e9lectrique <\/p>\n<p>P<br \/>\nM<\/p>\n<p> #<br \/>\n40<\/p>\n<p>00<br \/>\n82<\/p>\n<p>49<br \/>\n R<\/p>\n<p>et<br \/>\nur<\/p>\n<p>n<br \/>\nun<\/p>\n<p>de<br \/>\nli<\/p>\n<p>ve<br \/>\nra<\/p>\n<p>bl<br \/>\ne <\/p>\n<p>C<br \/>\nan<\/p>\n<p>ad<br \/>\nia<\/p>\n<p>n<br \/>\nA<\/p>\n<p>dd<br \/>\nre<\/p>\n<p>ss<br \/>\nes<\/p>\n<p> t<br \/>\no:<\/p>\n<p> A<br \/>\npp<\/p>\n<p>ra<br \/>\nis<\/p>\n<p>al<br \/>\n In<\/p>\n<p>st<br \/>\nit<\/p>\n<p>ut<br \/>\ne <\/p>\n<p>of<br \/>\n C<\/p>\n<p>an<br \/>\nad<\/p>\n<p>a,<br \/>\n 4<\/p>\n<p>03<br \/>\n-2<\/p>\n<p>00<br \/>\n C<\/p>\n<p>at<br \/>\nhe<\/p>\n<p>ri<br \/>\nne<\/p>\n<p> S<br \/>\nt.<\/p>\n<p>, O<br \/>\ntt<\/p>\n<p>aw<br \/>\na,<\/p>\n<p> O<br \/>\nN<\/p>\n<p> K<br \/>\n2P<\/p>\n<p> 2<br \/>\nK<\/p>\n<p>9.<br \/>\n E<\/p>\n<p>m<br \/>\nai<\/p>\n<p>l:<br \/>\n in<\/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>The Official Publication of the<br \/>\nAppraisal Institute of Canada \/<br \/>\nPublication officielle de l\u2019Institut<br \/>\nCanadien des \u00c9valuateurs<\/p>\n<p>IS UPON US<br \/>\nA<\/p>\n<p>UN<\/p>\n<p>SE PR\u00c9PARE<\/p>\n<p>We are looking for topical, timely and informative<br \/>\narticles provided by appraisers who are willing<br \/>\nto share their knowledge and expertise by<br \/>\ncontributing an article to Canadian Property<br \/>\nValuation. It is an ideal way to:<\/p>\n<p>\u00fc enhance the knowledge of your colleagues<br \/>\n\u00fc advance the appraisal profession as a whole<br \/>\n\u00fc gain exposure and recognition with your peers<br \/>\n\u00fc earn CPD credits<\/p>\n<p>If you are interested in being published<br \/>\nin a future issue of Canadian Property<br \/>\nValuation and contributing significantly to the<br \/>\nadvancement of the profession, please contact:<br \/>\nPAUL H\u00c9BERT, Director, Communications,<br \/>\nAppraisal Institute of Canada<br \/>\npaulh@aicanada.ca \u2022 1-888-551-5521<\/p>\n<p>*Note: We will provide additional details and any  <\/p>\n<p>assistance you require to ensure a smooth and  <\/p>\n<p>efficient contribution process.<\/p>\n<p>ADVANCE OUR APPRAISAL PROFESSION<br \/>\nBY SHARING YOUR KNOWLEDGE,<br \/>\nEXPERTISE AND EXPERIENCE<\/p>\n<p>MODERNISONS NOTRE<br \/>\nPROFESSION D\u2019\u00c9VALUATEUR<br \/>\nEN PARTAGEANT CONNAISSANCES,<br \/>\nEXPERTISE ET EXP\u00c9RIENCE<\/p>\n<p>Si vous aimeriez faire publier un article dans un<br \/>\nprochain num\u00e9ro de la revue \u00c9valuation immobili\u00e8re<br \/>\nau Canada et contribuer de fa\u00e7on significative \u00e0<br \/>\nl\u2019avancement de la profession, veuillez contacter :<br \/>\nPAUL H\u00c9BERT, directeur, Communications,<br \/>\nInstitut canadien des \u00e9valuateurs<br \/>\npaulh@aicanada.ca \u2022 1-888-551-5521<\/p>\n<p>*Remarque : Nous fournirons les d\u00e9tails suppl\u00e9mentaires et toute <\/p>\n<p>l\u2019aide dont vous pourriez avoir besoin pour assurer un processus <\/p>\n<p>de contribution harmonieux et efficace.<\/p>\n<p>Nous sommes \u00e0 la recherche d\u2019articles qui traitent de<br \/>\nsujets pertinents, opportuns et informatifs, r\u00e9dig\u00e9s par des<br \/>\n\u00e9valuateurs d\u00e9sireux de partager leurs connaissances et leur<br \/>\nexpertise en contribuant un article dans la revue \u00c9valuation<br \/>\nimmobili\u00e8re au Canada. C\u2019est une fa\u00e7on id\u00e9ale :<\/p>\n<p>\u00fc d\u2019am\u00e9liorer les connaissances de vos coll\u00e8gues<br \/>\n\u00fc de moderniser la profession d\u2019\u00e9valuateur dans son ensemble<br \/>\n\u00fc de profiter d\u2019une exposition et d\u2019\u00eatre reconnu par vos pairs<br \/>\n\u00fc de r\u00e9colter des cr\u00e9dits de PPC<\/p>\n<p>Immobili\u00e8re au Canada<\/p>\n<p>Canadian Property<br \/>\nVol 63 | Book 1 \/ Tome 1 2019<\/p>\n<p>A FORENSIC APPRAISER\u2019S<br \/>\nPERSPECTIVE:<br \/>\nGOVERNMENT OVERPAID<br \/>\nFOR LAND RELYING<br \/>\nON UNAUTHORIZED<br \/>\nAPPRAISAL<br \/>\nPerspective d\u2019un<br \/>\n\u00e9valuateur judiciaire :<br \/>\nLe gouvernement a<br \/>\nsurpay\u00e9 un terrain en<br \/>\nse fiant \u00e0 une \u00e9valuation<br \/>\nnon autoris\u00e9e<\/p>\n<p>COMPETENCY AND THE<br \/>\nAPPRAISER<br \/>\nLa comp\u00e9tence et<br \/>\nl\u2019\u00e9valuateur<\/p>\n<p>VALUING THE TOUGH<br \/>\nONES: A PARTIALLY<br \/>\nRENOVATED, OLDER,<br \/>\nCUSTOM FOUR-PLEX<br \/>\nBUILDING<br \/>\n\u00c9valuation des plus<br \/>\ncoriaces : un vieux<br \/>\nquadruplex partiellement<br \/>\nr\u00e9nov\u00e9, fait sur mesure <\/p>\n<p>P<br \/>\nM<\/p>\n<p> #<br \/>\n40<\/p>\n<p>00<br \/>\n82<\/p>\n<p>49<br \/>\n R<\/p>\n<p>et<br \/>\nur<\/p>\n<p>n<br \/>\nun<\/p>\n<p>de<br \/>\nli<\/p>\n<p>ve<br \/>\nra<\/p>\n<p>bl<br \/>\ne <\/p>\n<p>C<br \/>\nan<\/p>\n<p>ad<br \/>\nia<\/p>\n<p>n<br \/>\nA<\/p>\n<p>dd<br \/>\nre<\/p>\n<p>ss<br \/>\nes<\/p>\n<p> t<br \/>\no:<\/p>\n<p> A<br \/>\npp<\/p>\n<p>ra<br \/>\nis<\/p>\n<p>al<br \/>\n In<\/p>\n<p>st<br \/>\nit<\/p>\n<p>ut<br \/>\ne <\/p>\n<p>of<br \/>\n C<\/p>\n<p>an<br \/>\nad<\/p>\n<p>a,<br \/>\n 4<\/p>\n<p>03<br \/>\n-2<\/p>\n<p>00<br \/>\n C<\/p>\n<p>at<br \/>\nhe<\/p>\n<p>ri<br \/>\nne<\/p>\n<p> S<br \/>\nt.<\/p>\n<p>, O<br \/>\ntt<\/p>\n<p>aw<br \/>\na,<\/p>\n<p> O<br \/>\nN<\/p>\n<p> K<br \/>\n2P<\/p>\n<p> 2<br \/>\nK<\/p>\n<p>9.<br \/>\n E<\/p>\n<p>m<br \/>\nai<\/p>\n<p>l:<br \/>\n in<\/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>The Official Publication of the<br \/>\nAppraisal Institute of Canada \/<br \/>\nPublication officielle de l\u2019Institut<br \/>\nCanadien des \u00c9valuateurs<\/p>\n<p>INSTALLATIONS<br \/>\nDU CANNABIS<\/p>\n<p>CANNABIS<br \/>\nFACILITIES <\/p>\n<p>IS THIS A BUBBLE<br \/>\nAND IS IT BURSTING?<br \/>\nEst-ce une bulle et<br \/>\nest-elle pr\u00eate \u00e0 \u00e9clater?<\/p>\n<p>HALFWAY POINT UPDATE<br \/>\nON AIC\u2019S THREE-YEAR<br \/>\nSTRATEGIC PLAN<br \/>\nMise \u00e0 jour \u00e0 mi-parcours<br \/>\ndu Plan strat\u00e9gique<br \/>\ntriennal de l\u2019ICE<\/p>\n<p>CANNABIS LEGALIZATION:<br \/>\nCAUTION REQUIRED WHEN<br \/>\nDISCLOSING PERSONAL<br \/>\nINFORMATION IN A REPORT<br \/>\nL\u00e9galisation du cannabis<br \/>\n: Attention requise lors<br \/>\nde la divulgation de<br \/>\nrenseignements personnels<br \/>\ndans un rapport <\/p>\n<p>P<br \/>\nM<\/p>\n<p> #<br \/>\n40<\/p>\n<p>00<br \/>\n82<\/p>\n<p>49<br \/>\n R<\/p>\n<p>et<br \/>\nur<\/p>\n<p>n<br \/>\nun<\/p>\n<p>de<br \/>\nli<\/p>\n<p>ve<br \/>\nra<\/p>\n<p>bl<br \/>\ne <\/p>\n<p>C<br \/>\nan<\/p>\n<p>ad<br \/>\nia<\/p>\n<p>n<br \/>\nA<\/p>\n<p>dd<br \/>\nre<\/p>\n<p>ss<br \/>\nes<\/p>\n<p> t<br \/>\no:<\/p>\n<p> A<br \/>\npp<\/p>\n<p>ra<br \/>\nis<\/p>\n<p>al<br \/>\n In<\/p>\n<p>st<br \/>\nit<\/p>\n<p>ut<br \/>\ne <\/p>\n<p>of<br \/>\n C<\/p>\n<p>an<br \/>\nad<\/p>\n<p>a,<br \/>\n 4<\/p>\n<p>03<br \/>\n-2<\/p>\n<p>00<br \/>\n C<\/p>\n<p>at<br \/>\nhe<\/p>\n<p>ri<br \/>\nne<\/p>\n<p> S<br \/>\nt.<\/p>\n<p>, O<br \/>\ntt<\/p>\n<p>aw<br \/>\na,<\/p>\n<p> O<br \/>\nN<\/p>\n<p> K<br \/>\n2P<\/p>\n<p> 2<br \/>\nK<\/p>\n<p>9.<br \/>\n E<\/p>\n<p>m<br \/>\nai<\/p>\n<p>l:<br \/>\n in<\/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>The Official Publication of the<br \/>\nAppraisal Institute of Canada \/<br \/>\nPublication officielle de l\u2019Institut<br \/>\nCanadien des \u00c9valuateurs<\/p>\n<p>Immobili\u00e8re au Canada<\/p>\n<p>Canadian Property<br \/>\nVol 62 | Book 4 \/ Tome 4 2018<\/p>\n<p>GOING-CONCERN<br \/>\nAPPRAISALS<br \/>\nVS. BUSINESS<br \/>\nVALUATIONS<\/p>\n<p>\u00c9VALUATIONS<br \/>\nSUR UNEBASE  <\/p>\n<p>DE CONTINUIT\u00c9<br \/>\nC. \u00c9VALUATIONS  <\/p>\n<p>D\u2019ENTREPRISE <\/p>\n<p>WHO CAN PROVIDE<br \/>\nPROFESSIONAL<br \/>\nASSISTANCE?<br \/>\nQui peut fournir une<br \/>\naide professionnelle ?<\/p>\n<p>mailto:info@aicanada.ca<br \/>\nmailto:info@aicanada.ca<br \/>\nmailto:info@aicanada.ca<br \/>\nmailto:paulh@aicanada.ca<br \/>\nmailto:paulh@aicanada.ca<br \/>\nmailto:info@aicanada.ca<br \/>\nmailto:info@aicanada.ca<br \/>\nmailto:info@aicanada.ca<br \/>\nmailto:info@aicanada.ca<br \/>\nmailto:info@aicanada.ca<br \/>\nmailto:info@aicanada.ca<\/p>\n<p>The need for innovation within the appraisal profession is undeniable. Valuation<br \/>\nprofessionals are constantly being<br \/>\nchallenged by their clients to be more<br \/>\nefficient, to add greater value and<br \/>\nto charge lower fees. This reality is<br \/>\nparticularly evident in the residential<br \/>\nmortgage financing sector where<br \/>\nappraisals are becoming commoditized<br \/>\nand other risk-mitigation methods are<br \/>\nemerging that may be \u2018good enough\u2019 for<br \/>\nlenders given Canada\u2019s historically low<br \/>\nrisk of mortgage default. The Appraisal<br \/>\nInstitute of Canada (AIC) Board and<br \/>\nstaff have spent a great deal of time<br \/>\nresearching and analyzing these changes,<br \/>\nand working to develop strategies for<br \/>\nappraisers to continue to thrive in this <\/p>\n<p>BY PETER MCLEAN,  <\/p>\n<p>AACI, P.APP <\/p>\n<p>AIC President<\/p>\n<p>IS UPON US<\/p>\n<p>A<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 14 Return to CONTENTS<\/p>\n<p>changing environment. Technology is<br \/>\nfueling this change and is one of the key<br \/>\nindustry disruptors within the financial<br \/>\nand real estate sectors. Increasingly<br \/>\nsophisticated automated valuation<br \/>\nmodels (AVMs) that are populated with<br \/>\nrobust data and enhanced with artificial<br \/>\nintelligence can now, in some cases,<br \/>\nprovide reliable market values in seconds.<br \/>\nEmerging technologies are now gaining<br \/>\nmainstream acceptance \u2013 from open<br \/>\nbanking to online lending marketplaces to<br \/>\nblock-chain technology. <\/p>\n<p>Competition within the lending<br \/>\nindustry is also becoming increasingly<br \/>\nfierce, as non-federally regulated<br \/>\nfinancial institutions are poised to<br \/>\nimprove their market share at the<br \/>\nexpense of the \u2018Big-Five\u2019 banks. Shifting<br \/>\nconsumer behaviours, particularly<br \/>\nfrom millennials who are entering the<br \/>\nreal estate market, are changing the<br \/>\nexpectations of the mortgage process,<br \/>\ndemanding it to be quicker and easily<br \/>\naccessible via a smart device \u2013 all at a<br \/>\nvery competitive rate. Millennials\u2019 loyalty<br \/>\nto a traditional bank is not like that of<br \/>\nprevious generations, allowing new<br \/>\ninstitutions with \u2018deep pockets\u2019 to enter<br \/>\nthe lending industry. As the mortgage-<br \/>\nlending industry continues to be lucrative,<br \/>\nnew risk-mitigation models are being<br \/>\noffered to lenders. Some providers have<br \/>\nbegun offering a \u201crevolutionary approach <\/p>\n<p>to valuations in Canada.\u201d These firms<br \/>\noffer various valuation products \u2013<br \/>\nfrom low-ratio valuation using AVMs<br \/>\nto desktop\/drive-by appraisals, as<br \/>\nwell as full appraisals that engage<br \/>\n\u2018field technicians\u2019 and, in some cases,<br \/>\n\u2018certified appraisers\u2019 \u2013 all at a fraction of<br \/>\nthe time, at an affordable rate and with a<br \/>\nunique indemnity insurance to mitigate<br \/>\nproperty valuation risk. If this model,<br \/>\nand others similar to it, are accepted<br \/>\nby regulators and the \u2018Big-Five\u2019 banks,<br \/>\nthe impact on the residential appraisal<br \/>\nprofession as we know it would be<br \/>\nsignificant, with a ripple effect being felt<br \/>\nthroughout non-residential appraisal<br \/>\nassignments as well. <\/p>\n<p>This market reality was the impetus<br \/>\nfor AIC to proactively engage its national<br \/>\nand provincial leadership in a facilitated<br \/>\nworkshop on February 24. The purpose<br \/>\nof the discussion was to discuss AIC\u2019s<br \/>\nchallenges within the evolving market,<br \/>\nas well as the potential impact of these<br \/>\nchallenges on AIC Members and AIC;<br \/>\nand to brainstorm potential solutions for<br \/>\nthe future sustainability and success of<br \/>\nAIC Members.  <\/p>\n<p>\u2022 IMPACT OF INDUSTRY<br \/>\nDISRUPTERS ON AIC MEMBERS <\/p>\n<p>During the workshop discussion,<br \/>\nparticipants agreed that the industry<br \/>\ndisrupters could: <\/p>\n<p>\u2022 Have a significant negative impact<br \/>\non residential appraisers, especially<br \/>\nthose who are not diversified and<br \/>\nrely only on mortgage-financing<br \/>\nassignments for their livelihood.<br \/>\nThe impact on residential<br \/>\nappraisers would be a decrease<br \/>\nin fees, as well as a decrease in<br \/>\nmortgage-financing appraisal<br \/>\nassignments and other point-in-time<br \/>\nresidential appraisals.<\/p>\n<p>\u2022 Affect non-residential appraisers,<br \/>\nbut at a slower pace. There may<br \/>\nbe less demand for point-in-time<br \/>\nappraisals and more opportunity<br \/>\nto become real estate advisors or<br \/>\nconsultants by leveraging other<br \/>\nprofessional standards beyond the<br \/>\nreal property standard.<\/p>\n<p>\u2022 Affect non-fee Members, especially<br \/>\nthose who specialize in data<br \/>\ngathering within large assessment<br \/>\nagencies, who may be at risk of<br \/>\nbeing displaced by technology.<br \/>\nHowever, more opportunity may exist<br \/>\nin interpretation and analyzing data<br \/>\nand positioning themselves as real<br \/>\nestate consultants\/project managers<br \/>\nwithin their organization.<\/p>\n<p>\u2022 Have an impact on the competencies<br \/>\nneeded by AIC Candidates. AIC\u2019s<br \/>\ncurrent education and training may<br \/>\nneed to be enhanced to adequately<br \/>\nmeet the needs of the market in the<br \/>\nfuture. Participants also discussed<br \/>\nthe potential need to redirect<br \/>\nCandidates from the CRA stream to<br \/>\nthe AACI stream in order to ensure<br \/>\nthey have a wider range of valuation<br \/>\nopportunities.<\/p>\n<p>Participants discussed that the<br \/>\nfuture success of AIC Members lies<br \/>\nin diversification of competencies<br \/>\nand services. Those who resist<br \/>\ndiversification will be at risk. They also<br \/>\nindicated that the Canadian Uniform<br \/>\nStandards of Professional Appraisal<br \/>\nPractice (CUSPAP) provide flexibility and<br \/>\nguidance that provide significant potential<br \/>\nfor AIC Members to diversify. There was<br \/>\noverall agreement that members must<br \/>\nleverage their valuation expertise to<br \/>\nbecome real estate advisors\/specialists,<br \/>\nadd value through thoughtful analysis<br \/>\nof data, embrace technology to become<br \/>\nmore efficient and effective, and utilize<br \/>\nother professional standards to diversify<br \/>\ntheir practice.<\/p>\n<p>\u2022 IMPACT OF INDUSTRY<br \/>\nDISRUPTERS ON AIC<\/p>\n<p>The impact on the membership will also<br \/>\nhave a symbiotic impact on AIC at the<br \/>\nnational, provincial and chapter levels.<br \/>\nParticipants agreed that, if Members<br \/>\ndo not diversify, there is a risk of a<br \/>\nloss of membership, which will result<br \/>\nin a loss of revenue and an inability to<br \/>\ndeliver the same level of programs and<br \/>\nservices. Volunteers for key committees<br \/>\ncould dwindle and the organizational<br \/>\nstructure would need to be reviewed to <\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 15Return to CONTENTS<\/p>\n<p>ensure the most efficient and effective<br \/>\nuse of staff resources and technology.<br \/>\nProfessional standards will need to<br \/>\ncontinue to provide strong guidance and<br \/>\nflexibility and the professional liability<br \/>\ninsurance program will need to be<br \/>\nreviewed to ensure its sustainability.<br \/>\nAdvocacy and communicating Members\u2019<br \/>\nvalue proposition to stakeholders is an<br \/>\nimportant activity that AIC must continue<br \/>\nto deliver.<\/p>\n<p>\u2022 AIC OF THE FUTURE<br \/>\nParticipants were asked to brainstorm<br \/>\nwhat AIC should \u2018look like\u2019 in the future,<br \/>\nconsidering the potential challenges and<br \/>\nopportunities within the marketplace.<br \/>\nIdeas were categorized into several<br \/>\ntopics including: advocacy, branding,<br \/>\ndiversifying services, forming new<br \/>\npartnerships, streamlining AIC\u2019s<br \/>\ngovernance and operations, facilitating<br \/>\ninnovation, flexibility and adaptability<br \/>\nof Members, embracing technology,<br \/>\nand reflecting the needs of the market<br \/>\nwithin the accreditation program. As<br \/>\nAIC moves forward, there are several<br \/>\nkey efforts participants identified that<br \/>\nAIC must continue: publish and maintain<br \/>\nCUSPAP, deliver a high-quality education<br \/>\nprogram, respect Canada\u2019s official<br \/>\nlanguages, engage high-quality staff,<br \/>\nadvocate on behalf of the membership,<br \/>\nand, promote the value of AIC Members<br \/>\nto stakeholders.<\/p>\n<p>Participants also wanted to ensure<br \/>\nthat any future decisions add value to AIC<br \/>\nMembers, consistently deliver services<br \/>\nand messages across the country,<br \/>\nprovide opportunities and guidance for<br \/>\nMembers to diversify and succeed, and<br \/>\nmaintain a transparent organization with<br \/>\na respected self-regulation process. AIC<br \/>\nmust focus on services and programs<br \/>\nthat it can successfully deliver and add<br \/>\nvalue to the membership.<\/p>\n<p>\u2022 RECOMMENDATIONS<br \/>\nBased on the workshop discussions, five<br \/>\nrecommendations were presented to AIC<br \/>\nfor further consideration.<br \/>\na. AIC needs to analyze various scenarios <\/p>\n<p>of what the changing landscape for <\/p>\n<p>residential appraisals means for its<br \/>\nfuture direction.<br \/>\n\u2022 Scenario 1: AIC facilitates <\/p>\n<p>residential appraisers who<br \/>\nchoose to work within viable risk-<br \/>\nmitigation solutions.<\/p>\n<p>\u2022 Scenario 2: AIC facilitates Members\u2019<br \/>\nability to meet changing market<br \/>\ndemand in mortgage-financing sector.<\/p>\n<p>\u2022 Scenario 3: AIC lets market forces<br \/>\ndetermine the fate of residential<br \/>\nappraisers; AIC can focus on<br \/>\nfacilitating Members\u2019 success<br \/>\nby diversifying their expertise<br \/>\nand continue to deliver value to<br \/>\nMembers at a reasonable price.<\/p>\n<p>b. AIC needs to conduct a review of<br \/>\nits governance and organizational<br \/>\nstructure to ensure the most efficient<br \/>\nand effective delivery of services<br \/>\nand programs.<\/p>\n<p>c. AIC needs to refocus its resources to<br \/>\nfacilitate Members\u2019 ability to diversify<br \/>\ntheir services.<\/p>\n<p>d. AIC needs to explore the impact of<br \/>\ntechnology on the profession.<\/p>\n<p>e. AIC needs to review its education program<br \/>\nto ensure it is reflecting the changing<br \/>\nneeds of the market.<\/p>\n<p>\u2022 NEXT STEPS<br \/>\nOver the summer and into the fall, AIC, under<br \/>\nthe leadership of a Board-Appointed Task Force<br \/>\n(with senior representatives from the national<br \/>\nand provincial levels), will engage with Members<br \/>\nacross the country in order to formulate a clear<br \/>\npath forward for our organization and for the<br \/>\nprofession as a whole. We are facing what are<br \/>\nperhaps the greatest challenges to our profession<br \/>\nin our 81-year existence, but I am confident that<br \/>\nwe are up to the task. I look forward to soliciting<br \/>\nyour input into the process. <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 16 Return to CONTENTS<\/p>\n<p>Le besoin d\u2019innovation au sein de la profession d\u2019\u00e9valuateur est ind\u00e9niable. Les professionnels de<br \/>\nl\u2019\u00e9valuation sont constamment mis au<br \/>\nd\u00e9fi par leurs clients d\u2019\u00eatre plus efficaces,<br \/>\nd\u2019ajouter plus de valeur et de facturer des<br \/>\nhonoraires moins \u00e9lev\u00e9s. Cette r\u00e9alit\u00e9 est<br \/>\nparticuli\u00e8rement \u00e9vidente dans le secteur<br \/>\ndu financement hypoth\u00e9caire r\u00e9sidentiel,<br \/>\no\u00f9 les \u00e9valuations sont de plus en plus<br \/>\nbanalis\u00e9es et o\u00f9 d\u2019autres m\u00e9thodes <\/p>\n<p>d\u2019att\u00e9nuation des risques \u00e9mergent, qui<br \/>\npourraient \u00eatre \u00ab assez bonnes \u00bb pour<br \/>\nles pr\u00eateurs \u00e9tant donn\u00e9 le faible risque<br \/>\nhistorique de d\u00e9faillance hypoth\u00e9caire<br \/>\nau Canada. Le conseil d\u2019administration<br \/>\net le personnel de l\u2019Institut canadien des<br \/>\n\u00e9valuateurs (ICE) ont consacr\u00e9 beaucoup<br \/>\nde temps \u00e0 la recherche et \u00e0 l\u2019analyse de<br \/>\nces changements et \u00e0 l\u2019\u00e9laboration de<br \/>\nstrat\u00e9gies permettant aux \u00e9valuateurs<br \/>\nde continuer \u00e0 prosp\u00e9rer dans cet <\/p>\n<p>environnement en pleine \u00e9volution. La<br \/>\ntechnologie alimente ce changement et<br \/>\nest l&rsquo;un des principaux perturbateurs<br \/>\nde l&rsquo;industrie dans les secteurs<br \/>\nfinancier et immobilier. Des mod\u00e8les<br \/>\nd&rsquo;\u00e9valuation automatis\u00e9e (MEA) de plus<br \/>\nen plus sophistiqu\u00e9s, arm\u00e9s de donn\u00e9es<br \/>\nrobustes et rehauss\u00e9s par l\u2019intelligence<br \/>\nartificielle, peuvent d\u00e9sormais, dans<br \/>\ncertains cas, fournir des valeurs de<br \/>\nmarch\u00e9 fiables en quelques secondes. <\/p>\n<p>UN<\/p>\n<p>PAR PETER MCLEAN,  <\/p>\n<p>AACI, P.APP<\/p>\n<p>AIC President<\/p>\n<p>SE PR\u00c9PARE<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 17Return to CONTENTS<\/p>\n<p>Les technologies \u00e9mergentes sont<br \/>\nde mieux en mieux accept\u00e9es par le<br \/>\ngrand public, qu\u2019il s\u2019agisse des services<br \/>\nbancaires ouverts, des march\u00e9s de pr\u00eats<br \/>\nen ligne ou de la technologie de la cha\u00eene<br \/>\nde blocs.   <\/p>\n<p>La concurrence au sein de l\u2019industrie<br \/>\ndes pr\u00eats est \u00e9galement de plus en<br \/>\nplus f\u00e9roce, alors que les institutions<br \/>\nfinanci\u00e8res non r\u00e9glement\u00e9es par le<br \/>\ngouvernement f\u00e9d\u00e9ral sont sur le point<br \/>\nd\u2019am\u00e9liorer leur part de march\u00e9 aux<br \/>\nd\u00e9pens des \u00ab cinq grandes banques \u00bb.<br \/>\nLes comportements changeants des<br \/>\nconsommateurs, en particulier ceux des<br \/>\n\u00ab mill\u00e9naires \u00bb qui entrent sur le march\u00e9<br \/>\nimmobilier, modifient les attentes \u00e0 l\u2019\u00e9gard<br \/>\ndu processus hypoth\u00e9caire, exigeant qu\u2019il<br \/>\nsoit plus rapide et facilement accessible<br \/>\nau moyen d\u2019un appareil intelligent, le tout<br \/>\n\u00e0 un taux tr\u00e8s concurrentiel. La loyaut\u00e9<br \/>\ndes \u00ab mill\u00e9naires \u00bb envers une banque<br \/>\ntraditionnelle n\u2019est pas la m\u00eame que<br \/>\ncelle des g\u00e9n\u00e9rations pr\u00e9c\u00e9dentes, ce<br \/>\nqui permet \u00e0 de nouvelles institutions<br \/>\naux \u00ab poches profondes \u00bb d\u2019entrer dans<br \/>\nl\u2019industrie du cr\u00e9dit. Comme l\u2019industrie<br \/>\ndes pr\u00eats hypoth\u00e9caires continue<br \/>\nd\u2019\u00eatre lucrative, de nouveaux mod\u00e8les<br \/>\nd\u2019att\u00e9nuation des risques sont offerts<br \/>\naux pr\u00eateurs. Certains fournisseurs<br \/>\nont commenc\u00e9 \u00e0 offrir une \u00ab approche<br \/>\nr\u00e9volutionnaire en mati\u00e8re d\u2019\u00e9valuation<br \/>\nau Canada \u00bb. Ces firmes offrent divers<br \/>\nproduits d\u2019\u00e9valuation \u2013 de l\u2019\u00e9valuation \u00e0<br \/>\nfaible ratio \u00e0 l\u2019aide de MEA \u00e0 l&rsquo;\u00e9valuation<br \/>\nsommaire ou sur ordinateur, en passant<br \/>\npar l\u2019\u00e9valuation compl\u00e8te qui engage des<br \/>\n\u00ab techniciens sur le terrain \u00bb et, dans<br \/>\ncertains cas, des \u00ab \u00e9valuateurs agr\u00e9\u00e9s \u00bb<br \/>\n&#8211; le tout \u00e0 une fraction du temps, \u00e0 un<br \/>\ntaux abordable et avec une assurance<br \/>\nindemnisation unique pour att\u00e9nuer<br \/>\nle risque de l\u2019\u00e9valuation immobili\u00e8re.<br \/>\nSi ce mod\u00e8le, et d\u2019autres semblables,<br \/>\nsont accept\u00e9s par les organismes de<br \/>\nr\u00e9glementation et les \u00ab cinq grandes<br \/>\nbanques \u00bb, l\u2019impact sur la profession de<br \/>\nl\u2019\u00e9valuation r\u00e9sidentielle telle que nous<br \/>\nla connaissons sera profond et aura un<br \/>\neffet domino qui se fera \u00e9galement sentir<br \/>\ndans les contrats de service d\u2019\u00e9valuation<br \/>\nnon r\u00e9sidentielle.  <\/p>\n<p>Cette r\u00e9alit\u00e9 du march\u00e9 a incit\u00e9 l\u2019ICE<br \/>\n\u00e0 engager proactivement son leadership<br \/>\nnational et provincial au moyen d\u2019un<br \/>\natelier anim\u00e9 le 24 f\u00e9vrier. Le but de la<br \/>\ndiscussion \u00e9tait de d\u00e9gager les d\u00e9fis de<br \/>\nl\u2019ICE au sein d\u2019un march\u00e9 en \u00e9volution,<br \/>\nde comprendre l\u2019impact potentiel de ces<br \/>\nd\u00e9fis sur l\u2019ICE et sur les membres de l\u2019ICE<br \/>\net de r\u00e9fl\u00e9chir \u00e0 des solutions potentielles<br \/>\npour la viabilit\u00e9 et le succ\u00e8s futurs des<br \/>\nmembres de l\u2019ICE.     <\/p>\n<p>\u2022 INCIDENCE DES<br \/>\nPERTURBATEURS DE L\u2019INDUSTRIE <\/p>\n<p>SUR LES MEMBRES DE L\u2019ICE <\/p>\n<p>Au cours de la discussion en atelier,<br \/>\nles participants ont convenu que les<br \/>\nperturbateurs de l\u2019industrie pourraient :  <\/p>\n<p>\u2022 Avoir un impact n\u00e9gatif important<br \/>\nsur les \u00e9valuateurs r\u00e9sidentiels,<br \/>\nen particulier ceux qui ne sont<br \/>\npas diversifi\u00e9s et qui comptent<br \/>\nuniquement sur les contrats de<br \/>\nservice de financement hypoth\u00e9caire<br \/>\npour gagner leur vie. L\u2019impact sur<br \/>\nles \u00e9valuateurs r\u00e9sidentiels serait<br \/>\nune diminution des honoraires, ainsi<br \/>\nqu\u2019une diminution des contrats de<br \/>\nservice d\u2019\u00e9valuation du financement<br \/>\nhypoth\u00e9caire et d\u2019autres \u00e9valuations<br \/>\nr\u00e9sidentielles ponctuelles.<\/p>\n<p>\u2022 Affecter les \u00e9valuateurs non<br \/>\nr\u00e9sidentiels, mais \u00e0 un rythme plus<br \/>\nlent. Il pourrait y avoir une baisse de<br \/>\nla demande d\u2019\u00e9valuations ponctuelles<br \/>\net une augmentation des possibilit\u00e9s<br \/>\nde devenir conseillers ou experts-<br \/>\nconseils en immobilier en tirant parti<br \/>\nd\u2019autres normes professionnelles<br \/>\nqui vont au-del\u00e0 de la norme sur les<br \/>\nbiens immobiliers.<\/p>\n<p>\u2022 Affecter les membres r\u00e9mun\u00e9r\u00e9s, en<br \/>\nparticulier ceux qui se sp\u00e9cialisent<br \/>\ndans la collecte de donn\u00e9es au sein<br \/>\ndes grands organismes d\u2019\u00e9valuation,<br \/>\nqui risquent d\u2019\u00eatre \u00e9vinc\u00e9s par<br \/>\nla technologie. Cependant, il<br \/>\npourrait y avoir plus de possibilit\u00e9s<br \/>\nd\u2019interpr\u00e9tation et d\u2019analyse des<br \/>\ndonn\u00e9es et de positionnement en tant<br \/>\nque consultants ou gestionnaires de<br \/>\nprojets immobiliers au sein de leur<br \/>\norganisation.<\/p>\n<p>\u2022 Avoir un impact sur les comp\u00e9tences<br \/>\nrequises par les stagiaires de<br \/>\nl\u2019ICE. L\u2019\u00e9ducation et la formation<br \/>\nactuelles de l\u2019ICE pourraient devoir<br \/>\n\u00eatre am\u00e9lior\u00e9es pour r\u00e9pondre<br \/>\nad\u00e9quatement aux besoins du march\u00e9<br \/>\ndans l\u2019avenir. Les participants ont<br \/>\n\u00e9galement discut\u00e9 de la n\u00e9cessit\u00e9<br \/>\n\u00e9ventuelle de rediriger les stagiaires<br \/>\ndu volet CRA vers le volet AACI afin<br \/>\nde s\u2019assurer qu\u2019ils disposent d\u2019un<br \/>\nplus grand \u00e9ventail d\u2019occasions<br \/>\nd\u2019\u00e9valuation.<\/p>\n<p>Les participants ont discut\u00e9 du fait que<br \/>\nle succ\u00e8s futur des membres de l\u2019ICE<br \/>\nr\u00e9side dans la diversification des<br \/>\ncomp\u00e9tences qu\u2019ils acqui\u00e8rent et<br \/>\ndes services qu\u2019ils rendent. Ceux qui<br \/>\nr\u00e9sistent \u00e0 la diversification seront en<br \/>\ndanger. Les participants ont \u00e9galement<br \/>\nindiqu\u00e9 que les Normes uniformes de<br \/>\npratique professionnelle en mati\u00e8re<br \/>\nd\u2019\u00e9valuation au Canada (NUPPEC)<br \/>\nfournissent une souplesse et une<br \/>\norientation qui offrent aux membres<br \/>\nde l\u2019ICE d\u2019importantes possibilit\u00e9s de<br \/>\ndiversification. On s\u2019entend g\u00e9n\u00e9ralement<br \/>\npour dire que les membres doivent mettre<br \/>\n\u00e0 profit leur expertise en \u00e9valuation pour<br \/>\ndevenir des conseillers\/sp\u00e9cialistes en<br \/>\nimmobilier, pour ajouter de la valeur par<br \/>\nune analyse r\u00e9fl\u00e9chie des donn\u00e9es, pour<br \/>\nadopter la technologie qui les rendra<br \/>\nplus efficaces et efficients et pour utiliser<br \/>\nd\u2019autres normes professionnelles afin<br \/>\nde diversifier leur pratique. <\/p>\n<p>\u2022 INCIDENCE DES PERTURBATEURS<br \/>\nDE L\u2019INDUSTRIE SUR L\u2019ICE <\/p>\n<p>L\u2019impact sur les membres aura \u00e9galement<br \/>\nun impact symbiotique sur l\u2019ICE aux<br \/>\nniveaux national, provincial et local.<br \/>\nLes participants ont convenu que, si les<br \/>\nmembres ne se diversifient pas, l\u2019ICE<br \/>\ncourt le risque de perdre des membres,<br \/>\nce qui entra\u00eenera une perte de revenus<br \/>\net une incapacit\u00e9 d\u2019offrir le m\u00eame niveau<br \/>\nde programmes et services. Le nombre<br \/>\nde b\u00e9n\u00e9voles au sein des principaux<br \/>\ncomit\u00e9s pourrait diminuer de sorte qu\u2019il<br \/>\ny aurait lieu de proc\u00e9der \u00e0 une revue<br \/>\nde notre structure organisationnelle<br \/>\npour assurer l\u2019utilisation la plus <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 18 Return to CONTENTS<\/p>\n<p>efficiente et la plus efficace possible<br \/>\ndes ressources en personnel et de la<br \/>\ntechnologie. Les normes professionnelles<br \/>\ndevront continuer de fournir une<br \/>\norientation s\u00fbre et adaptable et le<br \/>\nprogramme d\u2019assurance responsabilit\u00e9<br \/>\nprofessionnelle devra \u00eatre revu pour<br \/>\nen assurer la viabilit\u00e9. La d\u00e9fense des<br \/>\nint\u00e9r\u00eats et la communication de la<br \/>\nproposition de valeur des membres aux<br \/>\nintervenants est une activit\u00e9 importante<br \/>\nque l\u2019ICE doit continuer de livrer. <\/p>\n<p>\u2022 L\u2019ICE DU FUTUR<br \/>\nOn a demand\u00e9 aux participants de faire<br \/>\nun remue-m\u00e9ninges sur ce \u00e0 quoi l\u2019ICE<br \/>\ndevrait \u00ab ressembler \u00bb \u00e0 l\u2019avenir, compte<br \/>\ntenu des d\u00e9fis et des opportunit\u00e9s que<br \/>\npourrait offrir le march\u00e9. Les id\u00e9es ont<br \/>\n\u00e9t\u00e9 class\u00e9es en plusieurs cat\u00e9gories :<br \/>\nd\u00e9fense des int\u00e9r\u00eats, image de marque,<br \/>\ndiversification des services, formation de<br \/>\nnouveaux partenariats, rationalisation de<br \/>\nla gouvernance et des op\u00e9rations de l\u2019ICE,<br \/>\nfacilitation de l\u2019innovation, souplesse<br \/>\net adaptabilit\u00e9 des membres, adoption <\/p>\n<p>de la technologie et prise en compte des<br \/>\nbesoins du march\u00e9 dans le programme<br \/>\nd\u2019accr\u00e9ditation. Au fur et \u00e0 mesure que<br \/>\nl\u2019ICE va de l\u2019avant, plusieurs efforts cl\u00e9s<br \/>\nont \u00e9t\u00e9 identifi\u00e9s par les participants<br \/>\ncomme devant se poursuivre : publier<br \/>\net maintenir les NUPPEC, offrir un<br \/>\nprogramme d\u2019\u00e9ducation de haute qualit\u00e9,<br \/>\nrespecter les langues officielles du<br \/>\nCanada, engager du personnel de qualit\u00e9,<br \/>\nd\u00e9fendre les int\u00e9r\u00eats de ses membres et<br \/>\npromouvoir la valeur des membres de<br \/>\nl\u2019ICE aux intervenants. <\/p>\n<p>Les participants ont aussi exprim\u00e9 le<br \/>\nd\u00e9sir de s\u2019assurer que toutes les d\u00e9cisions<br \/>\nfutures ajoutent de la valeur aux membres<br \/>\nde l\u2019ICE, fournissent constamment des<br \/>\nservices et des messages partout au<br \/>\npays, offrent aux membres des occasions<br \/>\net des conseils pour diversifier et<br \/>\nr\u00e9ussir et maintiennent une organisation<br \/>\ntransparente s\u2019appuyant sur un processus<br \/>\nd\u2019autor\u00e9gulation respect\u00e9. L\u2019ICE doit<br \/>\nse concentrer sur les services et les<br \/>\nprogrammes qu\u2019il peut offrir avec succ\u00e8s<br \/>\net ajouter de la valeur aux membres. <\/p>\n<p>\u2022 RECOMMANDATIONS<br \/>\nSur la base des discussions en atelier, cinq<br \/>\nrecommandations ont \u00e9t\u00e9 pr\u00e9sent\u00e9es \u00e0 l\u2019ICE<br \/>\npour un examen plus approfondi.<br \/>\na. L\u2019ICE doit analyser divers sc\u00e9narios de <\/p>\n<p>ce que l\u2019\u00e9volution de la conjoncture de<br \/>\nl\u2019\u00e9valuation r\u00e9sidentielle signifie quant \u00e0<br \/>\nson orientation future.<br \/>\n\u2022 Sc\u00e9nario 1 : L\u2019ICE facilite la t\u00e2che des <\/p>\n<p>\u00e9valuateurs r\u00e9sidentiels qui choisissent<br \/>\nde travailler dans le cadre de solutions<br \/>\nviables d\u2019att\u00e9nuation des risques.<\/p>\n<p>\u2022 Sc\u00e9nario 2 : L\u2019ICE facilite la capacit\u00e9<br \/>\ndes membres \u00e0 r\u00e9pondre \u00e0 l\u2019\u00e9volution<br \/>\nde la demande du march\u00e9 dans le<br \/>\nsecteur du financement hypoth\u00e9caire.<\/p>\n<p>\u2022 Sc\u00e9nario 3 : L\u2019ICE laisse les forces<br \/>\ndu march\u00e9 d\u00e9terminer le sort des<br \/>\n\u00e9valuateurs r\u00e9sidentiels; l\u2019ICE peut<br \/>\nse concentrer sur les moyens de<br \/>\nfaciliter la r\u00e9ussite des membres<br \/>\nen diversifiant leur expertise et en<br \/>\ncontinuant \u00e0 offrir de la valeur aux<br \/>\nmembres \u00e0 un prix raisonnable. <\/p>\n<p>b. L\u2019ICE doit proc\u00e9der \u00e0 un examen de la<br \/>\nstructure de sa gouvernance et de son<br \/>\norganisation pour assurer la prestation la<br \/>\nplus efficiente et la plus efficace possible<br \/>\ndes services et des programmes. <\/p>\n<p>c. L\u2019ICE doit r\u00e9orienter ses ressources afin<br \/>\nde faciliter la capacit\u00e9 de ses membres \u00e0<br \/>\ndiversifier leurs services.<\/p>\n<p>d. L\u2019ICE doit explorer l\u2019impact de la<br \/>\ntechnologie sur la profession. <\/p>\n<p>e. L\u2019ICE doit revoir son programme<br \/>\nd\u2019\u00e9ducation pour s\u2019assurer qu\u2019il refl\u00e8te<br \/>\nl\u2019\u00e9volution des besoins du march\u00e9.<\/p>\n<p>\u2022 PROCHAINES \u00c9TAPES<br \/>\nAu cours de l\u2019\u00e9t\u00e9 et jusqu\u2019\u00e0 l\u2019automne, l\u2019ICE,<br \/>\nsous la direction d\u2019un groupe de travail<br \/>\nnomm\u00e9 par le conseil d\u2019administration<br \/>\n(compos\u00e9 de hauts repr\u00e9sentants des<br \/>\nniveaux national et provincial), collaborera<br \/>\navec les membres de partout au pays<br \/>\nafin de d\u00e9finir une voie claire pour notre<br \/>\norganisation et pour la profession en<br \/>\ng\u00e9n\u00e9ral. Nous faisons face \u00e0 ce qui<br \/>\nconstitue peut-\u00eatre les plus grands d\u00e9fis<br \/>\nde notre profession en 81 ans d\u2019existence,<br \/>\nmais je suis convaincu que nous sommes \u00e0<br \/>\nla hauteur de la t\u00e2che. J\u2019ai h\u00e2te de solliciter<br \/>\nvotre participation au processus. <\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 19Return to CONTENTS<\/p>\n<p>This case involves a 50-year-old house located in a good-sized community in Southwestern<br \/>\nOntario. The street is improved with<br \/>\nvarying housing types of differing ages<br \/>\nas well as small apartment buildings.<br \/>\nSome of the older houses have been torn<br \/>\ndown and replaced with more modern<br \/>\nhousing. The subject property and a<br \/>\nhigh-tension transmission line owned by<br \/>\nOntario Hydro are located along the east<br \/>\nside of the street. The hydro corridor<br \/>\nalso includes an easement in the middle<br \/>\nof the line\u2019s entire length. In order for <\/p>\n<p>the owners of the house to access<br \/>\nthe adjacent road, they had to drive<br \/>\nunderneath the physical hydro lines and<br \/>\non both the fee simple and easement<br \/>\nlands owned by Ontario Hydro.<\/p>\n<p>The executors of the property decided<br \/>\nto market it. They quickly found that they<br \/>\ndid not have a Right of Way under the<br \/>\nhydro lines or over the lands owned by<br \/>\nOntario Hydro, including the easement.<br \/>\nThe fact that the owners did this for 50<br \/>\nyears negates this action for any other<br \/>\nfuture homeowner according to their<br \/>\nlawyer. The conclusion reached was that <\/p>\n<p>the property was landlocked and, without<br \/>\nbeing granted a Right of Way by Ontario<br \/>\nHydro, the residential house and lot had<br \/>\nvirtually little or no value.<\/p>\n<p>Ontario Hydro is clear in its policy<br \/>\nregarding the valuation of a Right of<br \/>\nWay, particularly over an existing hydro<br \/>\ncorridor. Their policy insists that an<br \/>\n\u2018across the fence\u2019 or \u2018best neighbors\u2019<br \/>\napproach be used in the valuation of<br \/>\nany proposed Right of Way. This method<br \/>\nstates that the estimate of the market<br \/>\nvalue of the Right of Way is based<br \/>\nupon the value of the adjacent land <\/p>\n<p>AN \u2018ACROSS THE<br \/>\nFENCE\u2019 APPROACH<br \/>\nFOR VALUING A RIGHT OF WAY<br \/>\nACROSS A HYDRO CORRIDOR<\/p>\n<p>BY GEORGE CANNING, AACI, P. APP<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 20 Return to CONTENTS<\/p>\n<p>(house and lot) distinguished from the<br \/>\nvaluation of the Ontario Hydro corridor as<br \/>\na separate entity. It does not state where<br \/>\nthe comparables should be drawn from or<br \/>\nimply any suggested method of valuation.<\/p>\n<p>Diagram 1 depicts the Ontario Hydro<br \/>\ncorridor and the house and lot behind it,<br \/>\nas well as two images depicting the types<br \/>\nof hydro towers on the corridor.<\/p>\n<p>The proposed subject Right of<br \/>\nWay is zoned residential and contains<br \/>\n729.8 square feet. Since the size of<br \/>\nthe proposed Right of Way is not large<br \/>\nenough to be built upon, it calls into<br \/>\nquestion the definition of market value.<br \/>\nA bilateral monopoly now exists whereby<br \/>\nthere is only one buyer (the executors)<br \/>\nand one seller (Ontario Hydro). In these<br \/>\nsituations, the seller is usually in the<br \/>\ndriver\u2019s seat. However, we indicated to<br \/>\nthe executors that they were fortunate<br \/>\nto be dealing with Ontario Hydro and not<br \/>\na private citizen. As such, the bilateral<br \/>\nmonopoly aspect of the proposed<br \/>\npurchase of the Right of Way was<br \/>\neliminated and the standard definition of<br \/>\nmarket value applied. A private citizen<br \/>\nwould not default to a \u2018best neighbors\u2019 or<br \/>\n\u2018across the fence\u2019 approach, but would<br \/>\ndemand and get a high, non-reasonable<br \/>\npayment for the proposed Right of Way,<br \/>\nbased upon the bilateral monopoly.  <\/p>\n<p>As it turned out, Ontario Hydro treated<br \/>\nthe executors fairly and this real estate<br \/>\nstory ended happily. <\/p>\n<p>Meanwhile, as a note, there has been a<br \/>\nsale of a Right of Way on the same street<br \/>\nas the subject property. It was a 1,786.88<br \/>\nsquare foot parcel that sold for $4,100 in<br \/>\n2008, which represented 75% of the Fee<br \/>\nSimple interest of the entire lot to which<br \/>\nthis Right of Way was attached. Even<br \/>\nthough it is not comparable, it should be<br \/>\naddressed in the report as an information<br \/>\nitem for the client.<\/p>\n<p>Since we are using the \u2018across the<br \/>\nfence\u2019 policy regarding the granting of a<br \/>\nRight of Way over a utility corridor, the<br \/>\nmarket value of the proposed Right of<br \/>\nWay is, in part, the market value of the<br \/>\nadjacent property. This property contains<br \/>\n11,712 square feet on which a house<br \/>\nand garage is located. This would make<br \/>\nsense, since the Right of Way is going<br \/>\nto be attached to the 11,712 square foot<br \/>\nexisting parcel. The value of the proposed<br \/>\nRight of Way is an extension of the<br \/>\nexisting lot and does not include the value<br \/>\nof the house or garage. It assumes that<br \/>\nthe \u2018across the fence\u2019 site is unimproved.<br \/>\nIt is the land that is being extended with<br \/>\nthe proposed easement, not the buildings.<\/p>\n<p>However, the problem still exists with<br \/>\nthis \u2018across the fence\u2019 approach to value <\/p>\n<p>because there have been no vacant lot sales<br \/>\nwhich we have to interpret as also being<br \/>\n\u2018near to\u2019 the subject property (11,712 square<br \/>\nfoot site). We need to create some type of a<br \/>\nsales comparison methodology that would<br \/>\n\u2018best fit\u2019 our subject property (11,712 square<br \/>\nfeet). Therefore, the valuer needs to focus on<br \/>\nthe known facts of the valuation of the Right<br \/>\nof Way and the best way to proceed.<\/p>\n<p>The appraisal problem: Determine<br \/>\nthe market value of a proposed Right of<br \/>\nWay over an Ontario Hydro corridor that<br \/>\nhas an easement in its middle. Since the<br \/>\nsales drawn from the marketplace for the<br \/>\nvaluation of the 11,712 square foot site are<br \/>\nin Fee Simple, the actual acquisition of the<br \/>\nRight of Way interest is not. How does one<br \/>\narrive at a different market value for the<br \/>\nRight of Way if the land right interests are<br \/>\nnot the same?<\/p>\n<p>Comparative sales: The comparable<br \/>\nsales would best be drawn from similar<br \/>\ntypes of older neighborhoods and not<br \/>\nfrom newly created subdivisions, since<br \/>\nthose lots are not going to be improved<br \/>\nwith a similar end product found within<br \/>\nolder neighborhoods.<\/p>\n<p>Method of sales analysis: Since we are<br \/>\ndealing with the nebulousness of valuing<br \/>\na proposed Right of Way over an existing<br \/>\ncorridor, could the analysis of the sales<br \/>\ndata take on several forms? One method <\/p>\n<p>ADJACENT STREET<\/p>\n<p>DIAGRAM 1<\/p>\n<p>PATH OF FUTURE EASEMENT<\/p>\n<p>PATH OF FUTURE EASEMENT<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 21Return to CONTENTS<\/p>\n<p>would simply examine a grouping<br \/>\nof selected data without any formal<br \/>\nadjustments (Method A). Therefore, the<br \/>\nvalue of the Right of Way would be drawn<br \/>\nfrom a composite of similar types of sales<br \/>\nusing central tenancy. Another method<br \/>\nwould be to execute a formal direct<br \/>\ncomparison approach (DCA) (Method B).<br \/>\nWe concluded that both methods would be<br \/>\nused in the valuation process because they<br \/>\nhave an equal chance of being correct. <\/p>\n<p>The site size of the sales should<br \/>\nmirror as closely as possible the size<br \/>\nof the existing site of 11,712 square<br \/>\nfeet, since the actual proposed Right<br \/>\nof Way is an extension of this property.<br \/>\nThe comparable sites have to be fully<br \/>\nserviced and zoned similar to that of the<br \/>\nsubject proposed easement.<\/p>\n<p> METHOD A<\/p>\n<p>Diagram 2 indicates a number of sales of<br \/>\ninfill lots that have been selected<br \/>\nfor analysis. <\/p>\n<p>We can see that the average price is<br \/>\n$15.15 per square foot of site area with a<br \/>\nstandard deviation of $8.39. This means<br \/>\nthat the spread around the average is<br \/>\nbetween $6.76 and $23.54 per square<br \/>\nfoot. We cannot rely on the average sale<br \/>\nprice as a reliable number because of<br \/>\nthe wide spread in the variance of the<br \/>\ndata. The standard deviation is so wide<br \/>\nbecause there are several outliers shown<br \/>\nin red that are skewing the average. We<br \/>\nremoved these two outliers and ran the<br \/>\ndata again as shown in Table 1.<\/p>\n<p>The average selling price per square<br \/>\nfoot of lot after removing the outliers is<br \/>\n$14.04. The standard deviation is only<br \/>\n$4.52, which means that the spread<br \/>\naround the average is between $9.52<br \/>\nand $18.56. Although the attempt to<br \/>\nsmooth out the raw data is better, there<br \/>\nstill remains a dominating problem with<br \/>\nthe above data. The issue is the classic<br \/>\ntrend line due to the economies of scale<br \/>\nbetween the sales.<\/p>\n<p>Diagram 3 is a graph of the data in<br \/>\nTable 1 showing that, as lot sizes become<br \/>\nsmaller, the sale price per square foot<br \/>\nof lot area gets larger and vice versa.<br \/>\nThe blue line in the graph is a LOWESS,<br \/>\nwhich is a locally weighted smoother. It<br \/>\ndoes exactly as its name implies. <\/p>\n<p>DIAGRAM 3<\/p>\n<p>Scatterplot of LOT SIZE vs SALE PRICE PER SQUARE FOOT<\/p>\n<p>SALE PRICE PER SQUARE FOOT<\/p>\n<p>L<br \/>\nO<\/p>\n<p>T<br \/>\nS<\/p>\n<p>IZ<br \/>\nE<\/p>\n<p>30000<\/p>\n<p>25000<\/p>\n<p>20000<\/p>\n<p>15000<\/p>\n<p>10000<\/p>\n<p>5000<\/p>\n<p>            10           15         20       25<\/p>\n<p>ADDRESS SOLD LOT SIZE SALE PRICE SP\/PER SQ FT<\/p>\n<p>398 Mill Street Sep-16 9,221 $99,000 $10.74<\/p>\n<p>396 Mill Street Sep-16 8,289 $99,000 $11.94<\/p>\n<p>517 Henry Street Jul-18 6,534 $67,250 $10.29<\/p>\n<p>553 Leinster Street Dec-17 5,997 $140,000 $23.35<\/p>\n<p>Mill Street Nov-17 7,368 $100,000 $13.57<\/p>\n<p>Drew Street Jul-15 6,534 $100,000 $15.30<\/p>\n<p>Drew Street Jul-15 3,808 $65,000 $17.07<\/p>\n<p>394 Mill Street Dec-16 8,476 $85,000 $10.03<\/p>\n<p>$14.04 <\/p>\n<p>Standard deviation: $4.52<\/p>\n<p>Spread: $9.52 to $18.56<\/p>\n<p>TABLE 1<\/p>\n<p>DIAGRAM 2<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 22 Return to CONTENTS<\/p>\n<p>The conclusion reached is that taking<br \/>\nthe average price of infilling residential<br \/>\nlots and applying it to the property of<br \/>\n11,712 square feet does not make a lot of<br \/>\nsense because the economies of scale<br \/>\nand outlier sales are impacting too much<br \/>\non the average price.<\/p>\n<p>Therefore, we have abandoned this<br \/>\napproach (Method A) and applied a DCA<br \/>\n(Method B) that can use quality point<br \/>\n(QP) to efficiently deal with the data\u2019s<br \/>\neconomy of scale. <\/p>\n<p>For the sake of brevity, we used<br \/>\nQP analysis as the basis for the DCA.<br \/>\nAlthough, this article is about the<br \/>\nvaluation of a Right of Way, it is also<br \/>\nan opportunity to demonstrate how<br \/>\nQP handles two of the most difficult<br \/>\nadjustments for any valuer: time and<br \/>\neconomies of scale.<\/p>\n<p> TIME<\/p>\n<p>Time is just another predictor variable<br \/>\nused in the analysis of real estate data.<br \/>\nIt is not special. In the traditional DCA,<br \/>\ntime is adjusted to all of the sales before<br \/>\nthe other adjustments are made to the<br \/>\ncomparables. In QP, we complete the <\/p>\n<p>before adjustments first and then do a<br \/>\ntime adjustment (if necessary). This is<br \/>\nbecause there is no evidence that any<br \/>\nvaluer can justify a time adjustment (see<br \/>\nCanadian Property Valuation article,<br \/>\nVolume 61, Book 2, 2017) unless you are<br \/>\nusing multiple regression analysis (MRA).<br \/>\nHowever, in QP, we can actually monitor<br \/>\nthe time adjustment and quantify its effect<br \/>\non the data. We can validate whether or<br \/>\nnot a time adjustment is warranted. It is<br \/>\ncheaper and easier to do than running an<br \/>\nMRA every time an appraisal is required.<br \/>\nIn QP, we monitor the effectiveness of<br \/>\nour before adjustments through the<br \/>\nmean adjusted selling price per square<br \/>\nfoot of lot size of the comparables (unit<br \/>\nof comparison). The standard deviation<br \/>\n(SD) of the mean of the adjusted selling<br \/>\nprice per square foot of lot size or unit of<br \/>\ncomparison is calculated before a time<br \/>\nadjustment. The SD is expressed as a<br \/>\ncoefficient of variance percentage. In fact,<br \/>\nit is a measure of the effectiveness of the<br \/>\npredictor variables other than time.<\/p>\n<p>In the valuation of the comparable<br \/>\nlot sales, the selling price per square<br \/>\nfoot of lot before any adjustments was<br \/>\n127%. After applying all the \u2018adjustments\u2019<br \/>\nbefore any consideration regarding<br \/>\ntime, we were able to reduce the COV%<br \/>\nof the adjusted selling price per square<br \/>\nfoot of lot size to 12%. The 12% is not<br \/>\nan acceptable spread of the adjusted <\/p>\n<p>selling prices per square foot of lot of<br \/>\nthe comparables. Obviously, the missing<br \/>\npredictor variable could be time. In this<br \/>\ninstance, we apply a time adjustment<br \/>\nto the sales and monitor the effect of<br \/>\nit via the COV, which is now at 12%.<br \/>\nIf we apply a time adjustment and it<br \/>\ncauses the COV% to decrease, then we<br \/>\nkeep adding a larger time adjustment<br \/>\npercentage to see the results. In the<br \/>\nreport, it is shown in Table 2.<\/p>\n<p>We can see that the best time<br \/>\nadjustment for this sale was 14% per<br \/>\nyear, since three tries after (15%, 16% and<br \/>\n17%) did not yield a response. This action<br \/>\nreduced the COV from 12% to 4%, which is<br \/>\nthe goal of the DCA to reduce and explain<br \/>\nthe variation in the unit of comparison of<br \/>\nthe data. We cannot get the DCA model<br \/>\nusing QP to run more efficient.<\/p>\n<p> ECONOMIES OF SCALE (AS PART <\/p>\n<p>OF THE BEFORE ADJUSTMENTS)<\/p>\n<p>We had identified an issue with the sales<br \/>\nin that there is an inverse relationship<br \/>\noccurring with the unit of comparison<br \/>\n(selling price per square foot of lot size).<br \/>\nThe bigger the site, the smaller the<br \/>\nselling price per square foot of lot size,<br \/>\nand vice versa. Diagram 4 is a scatterplot<br \/>\nof the sales data that demonstrates this<br \/>\nmarket phenomenon.<\/p>\n<p>Since QP uses a scale as a method<br \/>\nof adjustment that rates the selected <\/p>\n<p>DIAGRAM 4<\/p>\n<p>Scatterplot of LOT SIZE vs SALE PRICE PER SQUARE FOOT<\/p>\n<p>9000<\/p>\n<p>8000<\/p>\n<p>7000<\/p>\n<p>6000<\/p>\n<p>5000<\/p>\n<p>4000<\/p>\n<p>SALE PRICE PER SQUARE FOOT<\/p>\n<p>L<br \/>\nO<\/p>\n<p>T<br \/>\nS<\/p>\n<p>IZ<br \/>\nE<\/p>\n<p>10 12                   14                16                18                20                22               24<\/p>\n<p>TIME ADJUSTMENT<br \/>\nPER YEAR <\/p>\n<p>CHANGE<br \/>\n(STARTING COV OF<br \/>\n12% BEFORE TIME)<\/p>\n<p>1% NONE<\/p>\n<p>2% NONE<\/p>\n<p>3% LOWERED TO 10%<\/p>\n<p>4% NONE<\/p>\n<p>5% LOWERED TO 9%<\/p>\n<p>6% NONE<\/p>\n<p>7% LOWERED TO 8%<\/p>\n<p>8% NONE<\/p>\n<p>9% LOWERED TO 7%<\/p>\n<p>10% NONE<\/p>\n<p>11% LOWERED TO 6%<\/p>\n<p>12% NONE<\/p>\n<p>13% NONE<\/p>\n<p>14% LOWERED TO 4%<\/p>\n<p>15% NONE<\/p>\n<p>16% NONE<\/p>\n<p>17% NONE<\/p>\n<p>TABLE 2<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 23Return to CONTENTS<\/p>\n<p>predictor variables, we can compensate<br \/>\nfor the effect of the economies of scale<br \/>\nwhen it comes to the predictor variable<br \/>\nlot size. All that is needed is to reverse<br \/>\nthe standard scoring of the predictor<br \/>\nvariables. The standard score is 1-4-9-<br \/>\n16-25-36-49. In this instance, a 1 would<br \/>\nnow be a 49, and so on down the line. This<br \/>\nmeans that a comparable property with a<br \/>\nstandard size lot that would normally be<br \/>\nscored a 9 would be allocated the reverse<br \/>\nscore of a 25. This reversing action is<br \/>\nnothing more that a re-expression found<br \/>\nin typical statistic books dealing with<br \/>\ndata. Without this re-expression, the<br \/>\nCOV% would be 33% not 12% before any<br \/>\ntime adjustment. <\/p>\n<p>The average lot size of the comparables<br \/>\nis 11,840 square feet. (Table 3)<\/p>\n<p> VALIDATION OF THE  <\/p>\n<p>CORRECT ADJUSTMENTS TO  <\/p>\n<p>TIME AND ECONOMIES OF SCALE<\/p>\n<p>How does one know if this time and<br \/>\neconomies of scale adjustment method<br \/>\nworks? That is easy to see, since QP<br \/>\nanalysis has a residual testing feature<br \/>\nbuilt into the model. This simply predicts<br \/>\nthe actual selling of each comparable<br \/>\nbased upon the scores or \u2018adjustments\u2019<br \/>\nmade to the predictor variables and<br \/>\ncompares the results to the actual<br \/>\nselling prices of the comparables.<\/p>\n<p>The testing process for the QP is<br \/>\nextremely important because not all the<br \/>\nscoring is based upon a mathematical<br \/>\naverage of the various attributes.<br \/>\nDr. Whipple of Curtin University in<br \/>\nAustralia said it best about the residual<br \/>\nanalysis of the QP model.<br \/>\n \u201cFinally, residual analysis is a most <\/p>\n<p>important component of the technique.<br \/>\nThe assumption underlying the sales<br \/>\ncomparison approach is that recent<br \/>\nbuyer behaviour toward comparable<br \/>\nsold properties will be the same as for<br \/>\nthe subject property. Residual analysis<br \/>\nshows how well the model replicates<br \/>\nthe prices fetched for the comparable.<br \/>\nIf the replication is good, then the<br \/>\nexpectation is that it will produce an<br \/>\nacceptable prediction of price for the<br \/>\nsubject property, if the analogy has<br \/>\nbeen validly constructed. Few valuers<br \/>\ntest the logic they adopt on actual <\/p>\n<p>transactions. This method allows them<br \/>\nto do so and is a desirable feature.<br \/>\nThe ultimate test of any method is the<br \/>\nextent to which it produces results<br \/>\nconsistent with reality.\u201d<\/p>\n<p>\u2013 Property Valuation and Analysis,<br \/>\nThe Law Book Company Limited, 1995.<\/p>\n<p>In Table 4, the predicted Unit of<br \/>\nComparison (sale price per square foot<br \/>\nof lot) is shown in the third column<br \/>\nagainst the actual selling prices of the<br \/>\ncomparable sales.<\/p>\n<p>The QP model predicts the value of<br \/>\nthe five indexes within 2.14% to 6.94%.<br \/>\nSince the scoring of the indexes has<br \/>\npredicted a selling price per square foot <\/p>\n<p>of lot size residual of 3.91% on average,<br \/>\nthen the same scoring method can be<br \/>\napplied to the subject property for a<br \/>\nprediction of value. By then applying<br \/>\nthe same scoring method to the subject<br \/>\nproperty as we did for the sales, the<br \/>\nresults show that the value of the subject<br \/>\nproperty (not the easement) is as follows. <\/p>\n<p> PREDICTED VALUE RANGE  <\/p>\n<p>FOR THE SUBJECT PROPERTY<\/p>\n<p>The prices per QP per square foot of lot<br \/>\narea of the indexes were between $0.62<br \/>\nand $0.70 and are analyzed for their<br \/>\ncentral tendency using the mean. This<br \/>\ncreates an average price per QP per<br \/>\nsquare foot of lot area of $0.65.  <\/p>\n<p>SALE NUMBER LOT SIZE SCORE (NORMAL) SCORE (REVERSE)<\/p>\n<p>3 5997 4 36<\/p>\n<p>1 6534 4 36<\/p>\n<p>2 7368 4 36<\/p>\n<p>4 8476 4 36<\/p>\n<p>5 30,823 36 4<\/p>\n<p>TABLE 3<\/p>\n<p>INDEX<br \/>\nNO.<\/p>\n<p>ACTUAL SELLING PRICE<br \/>\nPER SQUARE FOOT OF <\/p>\n<p>LOT AREA<br \/>\n(After Quantitative <\/p>\n<p>Adjustments)<\/p>\n<p>PREDICTED SELLING<br \/>\nPRICE PER SQUARE<br \/>\nFOOT OF LOT AREA <\/p>\n<p>(After All Adjustments)<\/p>\n<p>VARIANCE<\/p>\n<p>1 $10.29 $10.51 2.14%<\/p>\n<p>2 $13.57 $13.25 2.37%<\/p>\n<p>3 $23.35 $21.72 6.94%<\/p>\n<p>4 $12.84 $13.25 3.23%<\/p>\n<p>5   $7.40    $7.76 4.89%<\/p>\n<p>TABLE 4<\/p>\n<p>SCORE OF<br \/>\nSUBJECT <\/p>\n<p>PROPERTY<br \/>\n(METHOD B)<\/p>\n<p>SALE PRICE<br \/>\nPER SQUARE<br \/>\nFOOT OF LOT <\/p>\n<p>AREA PER<br \/>\nQUALITY POINT<\/p>\n<p>LOT SIZE OF<br \/>\nSUBJECT <\/p>\n<p>PROPERTY 769<br \/>\nPARKINSON <\/p>\n<p>RD<\/p>\n<p>ROUNDED TO<\/p>\n<p>23.40 x $0.62 x 11,712.00 = $170,000<\/p>\n<p>23.40 x $0.65 x 11,712.00 = $178,000<\/p>\n<p>23.40 x $0.68 x 11,712.00 = $186,000<\/p>\n<p>TABLE 5<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 24 Return to CONTENTS<\/p>\n<p>One standard deviation resulted in a<br \/>\n$0.03 difference from the mean. In other<br \/>\nwords, the mean ($0.65) could also have<br \/>\na rate of ($0.65 + $0.03 = $0.68 or $0.65 &#8211;<br \/>\n$0.03 = $0.62). The total weighted score<br \/>\nof the subject property (23.40) is then<br \/>\napplied against the mean price point per<br \/>\nunit selling price to predict a value for the<br \/>\nsubject property (Method B). (Table 5)<\/p>\n<p>Therefore, the value of the subject<br \/>\nproperty (Method B) by the DCA is<br \/>\nbetween $170,000 and $186,000. This<br \/>\nequates to $14.52 to $15.88 per square<br \/>\nfoot of vacant lot area. This would be<br \/>\nin Fee Simple and does not represent<br \/>\nthe market value range of the proposed<br \/>\nRight of Way.<\/p>\n<p> RIGHT OF WAY RIGHTS  <\/p>\n<p>VERSUS FEE SIMPLE RIGHTS<\/p>\n<p>A Right of Way granted over a Fee<br \/>\nSimple interest is nothing more than a<br \/>\nphysical plane of two dimensions: width<br \/>\nand length. The Right of Way does not<br \/>\n\u2018take up\u2019 some specified quantity of the<br \/>\nFee Simple because the Fee Simple<br \/>\ninterest is underneath the path of the<br \/>\nRight of Way. In other words, the Right<br \/>\nof Way is a surface right as opposed to<br \/>\nan in-ground right for burying pipeline.<br \/>\nThe Fee Simple interest always stays<br \/>\nintact. However, the placement of the<br \/>\nRight of Way can disrupt that portion<br \/>\nof the Fee Simple on which the Right<br \/>\nof Way sits, depending upon the shape, <\/p>\n<p>angle and size of the Right of Way. As<br \/>\nlong as the Right of Way is situated<br \/>\nalong the edge of the site, it does not<br \/>\ncause any diminution in value by having<br \/>\nthe Right of Way in place. In the case of<br \/>\nthe subject property\u2019s proposed Right<br \/>\nof Way over the Ontario Hydro corridor,<br \/>\nthere is no change in the Fee Simple<br \/>\nand easement right of the existing<br \/>\nOntario Hydro lands. In other words, the<br \/>\nproposed Right of Way is not a burden<br \/>\non the Ontario Hydro lines because<br \/>\nit simply sits on top of the existing<br \/>\nland and easement. Since the Right of<br \/>\nWay is something that is added to the<br \/>\nunderlying Fee Simple interest of the<br \/>\nOntario Hydro lands, its value would<br \/>\nautomatically reflect some portion of<br \/>\nthe value of the Fee Simple right.<\/p>\n<p>Diagram 5 is a view of the Ontario<br \/>\nHydro corridor with its own central<br \/>\neasement with the proposed Right of<br \/>\nWay going crossways over the corridor.<\/p>\n<p>There have been considerable<br \/>\nvolumes written on the topic regarding<br \/>\nthe difference in market value between<br \/>\nthe Right of Way interest and the<br \/>\nFee Simple interest. The value of the<br \/>\nRight of Way is often expressed in the<br \/>\nmarketplace as a percentage of the Fee<br \/>\nSimple (50% to 100%). We know that an<br \/>\nexisting Right of Way was paid on the<br \/>\nsubject street using a 75% contributory<br \/>\nvalue of the Fee Simple. A good article<br \/>\non this topic is Nonlinear Effects on <\/p>\n<p>Easements Valuations by Henry J.<br \/>\nMunneke and Joseph A. Trefzger. It can<br \/>\nbe found in the Journal of Real Estate<br \/>\nResearch, Volume 16, Number 2, 1998,<br \/>\nas well as on the Internet. <\/p>\n<p>We have elected to use a 75% rate<br \/>\nagainst the Fee Simple. This means<br \/>\nthat the market value of the proposed<br \/>\nsubject Right of Way is 75% of $14.52 to<br \/>\n$15.88 or $10.89 to $11.91. When these<br \/>\nrates are applied to the subject Right of<br \/>\nWay area of 729.8 square feet, a value<br \/>\nrange from $7,948 to $8,692 emerges.<\/p>\n<p>As a footnote, we cannot compare<br \/>\nthe Right of Way rate of $2.29 paid<br \/>\n(1,787 square feet) for a Right of Way<br \/>\nalong the same subject street several<br \/>\nyears ago. The reasons are twofold:<br \/>\na. There is a difference in time of  <\/p>\n<p>10 years between sales of a Right of<br \/>\nWay on the subject street. There has<br \/>\nbeen an acceleration of residential<br \/>\nreal estate prices that are beyond<br \/>\nanyone\u2019s estimations. This increase in<br \/>\nthe improved residential marketplace<br \/>\nwould also spill over into the market<br \/>\nfor vacant residential lots<\/p>\n<p>b. The difference in the sizes of the<br \/>\ntwo Rights of Way: 729.8 square feet<br \/>\n(subject) compared to 1,787 square<br \/>\nfeet. As seen within the DCA, site<br \/>\nsize was shown to have an inverse<br \/>\nrelationship with the larger site<br \/>\nhaving a smaller per square foot sale<br \/>\nprice and the smaller site having a<br \/>\nlarger one. The same applies when<br \/>\ncomparing the two sizes of the Rights<br \/>\nof Way. The subject\u2019s Right of Way is<br \/>\nsignificantly smaller and, therefore,<br \/>\nwould have a much larger per square<br \/>\nfoot rate overall.<\/p>\n<p>The bottom line is that there is no real<br \/>\ncomparison between the amount paid<br \/>\nfor the Right of Way on the subject street<br \/>\nto that of the subject Right of Way.<\/p>\n<p>The conclusion reached was that the<br \/>\nmarket value of the subject easement<br \/>\nwas worth $10.96 per square foot of<br \/>\nthe easement of 729.8 square feet.<br \/>\nThis equates to $8,000. Ontario Hydro<br \/>\naccepted this value of the easement<br \/>\nand an easement of access was granted<br \/>\nto the executors of the property. The<br \/>\nexecutors subsequently sold the house<br \/>\nand lot. <\/p>\n<p>DIAGRAM 5<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 25Return to CONTENTS<\/p>\n<p>Cette affaire concerne une maison de 50 ans situ\u00e9e dans une collectivit\u00e9 de bonne taille du sud-ouest de<br \/>\nl\u2019Ontario. La rue est am\u00e9lior\u00e9e avec divers<br \/>\ntypes de logements d\u2019\u00e2ges diff\u00e9rents ainsi que<br \/>\nde petits immeubles r\u00e9sidentiels. Certaines<br \/>\ndes vieilles maisons ont \u00e9t\u00e9 d\u00e9molies<br \/>\net remplac\u00e9es par des logements plus<br \/>\nmodernes. La propri\u00e9t\u00e9 en question et une<br \/>\nligne de transport \u00e0 haute tension appartenant<br \/>\n\u00e0 Ontario Hydro sont situ\u00e9es sur le c\u00f4t\u00e9 est de<br \/>\nla rue. Le corridor hydro\u00e9lectrique comprend<br \/>\n\u00e9galement une servitude au milieu de la<br \/>\nligne sur toute sa longueur. Pour que les<br \/>\npropri\u00e9taires de la maison puissent acc\u00e9der<br \/>\n\u00e0 la route adjacente, ils devaient conduire<br \/>\nsous les lignes \u00e9lectriques physiques et<br \/>\nsur les terres en fief simple et en servitude<br \/>\nappartenant \u00e0 Ontario Hydro. <\/p>\n<p>Les ex\u00e9cuteurs testamentaires du<br \/>\nbien ont d\u00e9cid\u00e9 de le commercialiser. Ils<br \/>\nont rapidement constat\u00e9 qu\u2019ils n\u2019avaient<br \/>\npas droit de passage sous les lignes<br \/>\n\u00e9lectriques ou sur les terres appartenant <\/p>\n<p>\u00e0 Ontario Hydro, y compris la servitude.<br \/>\nLe fait que les propri\u00e9taires l\u2019aient fait<br \/>\npendant 50 ans annule cette action pour<br \/>\ntout autre futur propri\u00e9taire, selon leur<br \/>\navocat. La conclusion \u00e0 laquelle on<br \/>\nest parvenu \u00e9tait que la propri\u00e9t\u00e9 \u00e9tait<br \/>\nenclav\u00e9e et que, sans qu\u2019Ontario Hydro ne<br \/>\nlui accorde un droit de passage, la maison<br \/>\nr\u00e9sidentielle et le lot avaient pratiquement<br \/>\npeu ou pas de valeur. <\/p>\n<p>Ontario Hydro est claire dans sa<br \/>\npolitique concernant l\u2019\u00e9valuation d\u2019une<br \/>\nemprise, particuli\u00e8rement sur un corridor<br \/>\nhydro\u00e9lectrique existant. Sa politique<br \/>\ninsiste pour qu\u2019une approche \u00ab de l\u2019autre<br \/>\nc\u00f4t\u00e9 de la cl\u00f4ture \u00bb ou \u00ab des meilleurs<br \/>\nvoisins \u00bb soit utilis\u00e9e dans l\u2019\u00e9valuation<br \/>\nde tout droit de passage propos\u00e9. Cette<br \/>\nm\u00e9thode indique que l\u2019estimation de la<br \/>\nvaleur marchande de l\u2019emprise est fond\u00e9e<br \/>\nsur la valeur du terrain adjacent (maison<br \/>\net lot), distincte de l\u2019\u00e9valuation du corridor<br \/>\nd\u2019Ontario Hydro comme entit\u00e9 s\u00e9par\u00e9e. Il<br \/>\nn\u2019indique pas o\u00f9 les donn\u00e9es comparables <\/p>\n<p>doivent \u00eatre tir\u00e9es de toute m\u00e9thode<br \/>\nd\u2019\u00e9valuation sugg\u00e9r\u00e9e, ni ne prescrit une<br \/>\ntelle m\u00e9thode. <\/p>\n<p>Le Diagramme 1 indique le corridor<br \/>\nd\u2019Ontario Hydro et de la maison et<br \/>\ndu terrain derri\u00e8re, ainsi que deux<br \/>\nphotos illustrant les types de tours<br \/>\nhydro\u00e9lectriques sur le corridor. <\/p>\n<p>L\u2019emprise propos\u00e9e est zon\u00e9e<br \/>\nr\u00e9sidentielle et couvre une superficie de<br \/>\n729,8 pieds carr\u00e9s. \u00c9tant donn\u00e9 que la<br \/>\ntaille de l\u2019emprise propos\u00e9e n\u2019est pas<br \/>\nassez grande pour \u00eatre exploit\u00e9e, elle<br \/>\nremet en question la d\u00e9finition de la<br \/>\nvaleur marchande. Il existe maintenant<br \/>\nun monopole bilat\u00e9ral en vertu duquel il<br \/>\nn\u2019y a qu\u2019un seul acheteur (les ex\u00e9cuteurs<br \/>\ntestamentaires) et un seul vendeur (Ontario<br \/>\nHydro). Dans ces situations, le vendeur est<br \/>\ng\u00e9n\u00e9ralement aux commandes. Cependant,<br \/>\nnous avons indiqu\u00e9 aux ex\u00e9cuteurs<br \/>\ntestamentaires qu\u2019ils avaient la chance de<br \/>\nfaire affaire avec Ontario Hydro et non avec<br \/>\nun particulier. Ainsi, l\u2019aspect de monopole <\/p>\n<p>UNE APPROCHE \u00ab DE L\u2019AUTRE<br \/>\nC\u00d4T\u00c9 DE LA CL\u00d4TURE \u00bb<br \/>\nPOUR L\u2019\u00c9VALUATION D\u2019UN DROIT<br \/>\nDE PASSAGE DANS UN CORRIDOR <\/p>\n<p>HYDRO\u00c9LECTRIQUE<\/p>\n<p>PAR GEORGE CANNING, AACI, P.APP<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 26 Return to CONTENTS<\/p>\n<p>bilat\u00e9ral de l\u2019achat propos\u00e9 de l\u2019emprise<br \/>\na \u00e9t\u00e9 \u00e9limin\u00e9 et la d\u00e9finition standard de<br \/>\nla valeur marchande a \u00e9t\u00e9 appliqu\u00e9e. Un<br \/>\nsimple citoyen n\u2019opterait pas, par d\u00e9faut,<br \/>\npour l\u2019approche \u00ab des meilleurs voisins \u00bb<br \/>\nou \u00ab de l\u2019autre c\u00f4t\u00e9 de la cl\u00f4ture \u00bb, mais<br \/>\nexigerait et obtiendrait un paiement \u00e9lev\u00e9 et<br \/>\nnon raisonnable pour l\u2019emprise propos\u00e9e,<br \/>\nen fonction du monopole bilat\u00e9ral qu\u2019il<br \/>\nd\u00e9tient. Il s\u2019est av\u00e9r\u00e9 qu\u2019Ontario Hydro a<br \/>\ntrait\u00e9 les ex\u00e9cuteurs testamentaires de fa\u00e7on<br \/>\n\u00e9quitable et cette histoire immobili\u00e8re s\u2019est<br \/>\ntermin\u00e9e sur une bonne note.  <\/p>\n<p>Entre-temps, il y a eu une vente d\u2019une<br \/>\nemprise sur la m\u00eame rue que la propri\u00e9t\u00e9<br \/>\nen question. Il s\u2019agissait d\u2019une parcelle de<br \/>\n1 786,88 pieds carr\u00e9s qui s\u2019est vendue pour<br \/>\n4 100 $ en 2008, ce qui repr\u00e9sentait 75 % de<br \/>\nl\u2019int\u00e9r\u00eat en fief simple du lot entier auquel<br \/>\ncette emprise \u00e9tait rattach\u00e9e. M\u00eame<br \/>\ns\u2019il n\u2019est pas comparable, il devrait \u00eatre<br \/>\ntrait\u00e9 dans le rapport comme un \u00e9l\u00e9ment<br \/>\nd\u2019information pour le client. <\/p>\n<p>\u00c9tant donn\u00e9 que nous appliquons la<br \/>\npolitique \u00ab de l\u2019autre c\u00f4t\u00e9 de la cl\u00f4ture \u00bb<br \/>\nconcernant l\u2019octroi d\u2019une emprise sur un<br \/>\ncorridor de services publics, la valeur<br \/>\nmarchande de l\u2019emprise propos\u00e9e<br \/>\ncorrespond, en partie, \u00e0 la valeur<br \/>\nmarchande de la propri\u00e9t\u00e9 adjacente. Ce<br \/>\nterrain d\u2019une superficie de 11 712 pieds<br \/>\ncarr\u00e9s accueille une maison et un garage. <\/p>\n<p>Cela serait logique, puisque l\u2019emprise sera<br \/>\nrattach\u00e9e \u00e0 la parcelle existante de 11 712<br \/>\npieds carr\u00e9s. La valeur de l\u2019emprise propos\u00e9e<br \/>\nest une extension du lot existant et ne<br \/>\ncomprend pas la valeur de la maison ou du<br \/>\ngarage. On suppose que le site \u00ab de l&rsquo;autre<br \/>\nc\u00f4t\u00e9 de la cl\u00f4ture \u00bb n\u2019a pas \u00e9t\u00e9 am\u00e9lior\u00e9.<br \/>\nC\u2019est le terrain qui est prolong\u00e9 par la<br \/>\nservitude propos\u00e9e, et non les b\u00e2timents. <\/p>\n<p>Toutefois, le probl\u00e8me demeure avec<br \/>\ncette approche de la valeur \u00ab de l&rsquo;autre c\u00f4t\u00e9<br \/>\nde la cl\u00f4ture \u00bb parce qu\u2019il n\u2019y a pas eu de<br \/>\nventes de terrains vacants que nous devons<br \/>\ninterpr\u00e9ter comme \u00e9tant \u00e9galement \u00ab pr\u00e8s \u00bb<br \/>\nde la propri\u00e9t\u00e9 en question (terrain de<br \/>\n11 712 pieds carr\u00e9s). Nous devons cr\u00e9er une<br \/>\nm\u00e9thode de comparaison des ventes qui<br \/>\n\u00ab correspondrait le mieux \u00bb \u00e0 la propri\u00e9t\u00e9<br \/>\nvis\u00e9e (11 712 pieds carr\u00e9s). Par cons\u00e9quent,<br \/>\nl\u2019\u00e9valuateur doit se concentrer sur les faits<br \/>\nconnus de l\u2019\u00e9valuation de l\u2019emprise et sur la<br \/>\nmeilleure fa\u00e7on de proc\u00e9der. <\/p>\n<p>Le probl\u00e8me d\u2019\u00e9valuation: Il s\u2019agit donc<br \/>\nde d\u00e9terminer la valeur marchande d\u2019une<br \/>\nemprise propos\u00e9e sur un corridor d\u2019Ontario<br \/>\nHydro qui comporte une servitude en son<br \/>\nmilieu. \u00c9tant donn\u00e9 que les ventes tir\u00e9es<br \/>\ndu march\u00e9 pour l\u2019\u00e9valuation du site de<br \/>\n11 712 pieds carr\u00e9s se font en fief simple,<br \/>\nl\u2019acquisition r\u00e9elle de la participation dans<br \/>\nl\u2019emprise ne l\u2019est pas. Comment arrive-t-<br \/>\non \u00e0 une valeur marchande diff\u00e9rente pour <\/p>\n<p>l\u2019emprise si les droits fonciers ne sont pas<br \/>\nles m\u00eames ? <\/p>\n<p>Ventes comparatives: Les ventes<br \/>\ncomparables seraient mieux tir\u00e9es de<br \/>\ntypes similaires de quartiers plus vieux et<br \/>\nnon de lotissements nouvellement cr\u00e9\u00e9s,<br \/>\npuisque ces lots ne seront pas am\u00e9lior\u00e9s<br \/>\navec un produit final similaire trouv\u00e9 dans<br \/>\nles quartiers plus vieux.<\/p>\n<p>M\u00e9thode d\u2019analyse des ventes: Comme il<br \/>\ns\u2019agit de la n\u00e9bulosit\u00e9 de l\u2019\u00e9valuation d\u2019une<br \/>\nemprise propos\u00e9e sur un corridor existant,<br \/>\nl\u2019analyse des donn\u00e9es de vente pourrait-elle<br \/>\nprendre plusieurs formes ? Une m\u00e9thode<br \/>\nconsisterait simplement \u00e0 examiner un<br \/>\nregroupement de donn\u00e9es s\u00e9lectionn\u00e9es<br \/>\nsans aucun ajustement formel (m\u00e9thode<br \/>\nA). Par cons\u00e9quent, la valeur de l\u2019emprise<br \/>\nserait \u00e9tablie \u00e0 partir d\u2019un ensemble de<br \/>\nventes de types similaires effectu\u00e9es dans<br \/>\nle cadre d\u2019une location centralis\u00e9e. Une<br \/>\nautre m\u00e9thode consisterait \u00e0 ex\u00e9cuter une<br \/>\nm\u00e9thode de comparaison directe (MCD)<br \/>\nformelle (m\u00e9thode B). Nous avons conclu que<br \/>\nles deux m\u00e9thodes seraient utilis\u00e9es dans le<br \/>\nprocessus d\u2019\u00e9valuation parce qu\u2019elles ont une<br \/>\nchance \u00e9gale d\u2019\u00eatre correctes.  <\/p>\n<p>La taille du site de vente devrait refl\u00e9ter<br \/>\nle plus fid\u00e8lement possible la taille du site<br \/>\nexistant de 11 712 pieds carr\u00e9s, puisque<br \/>\nl\u2019emprise propos\u00e9e est une extension de<br \/>\ncette propri\u00e9t\u00e9. Les sites comparables <\/p>\n<p>DIAGRAMME 1<\/p>\n<p>Droit de passage<br \/>\nPROPOS\u00c9<\/p>\n<p>CORRIDOR<br \/>\nDE ONTARIO<br \/>\nHYDRO<\/p>\n<p>RUE ADJACENTE<\/p>\n<p>VOIE DE LA FUTURE SERVITUDE<\/p>\n<p>VOIE DE LA FUTURE SERVITUDE<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 27Return to CONTENTS<\/p>\n<p>doivent \u00eatre enti\u00e8rement desservis et zon\u00e9s<br \/>\nde la m\u00eame fa\u00e7on que la servitude propos\u00e9e. <\/p>\n<p> M\u00c9THODE A<\/p>\n<p>Le Diagramme 2 indique un certain nombre<br \/>\nde ventes de lots intercalaires qui ont \u00e9t\u00e9<br \/>\ns\u00e9lectionn\u00e9es pour l\u2019analyse. <\/p>\n<p>Nous pouvons voir que le prix moyen<br \/>\nest de 15,15 $ le pied carr\u00e9 de superficie<br \/>\ndu site avec un \u00e9cart-type de 8,39 $. Cela<br \/>\nsignifie que l\u2019\u00e9cart autour de la moyenne<br \/>\nse situe entre 6,76 $ et 23,54 $ le pied<br \/>\ncarr\u00e9. Nous ne pouvons pas compter sur<br \/>\nle prix de vente moyen comme un chiffre<br \/>\nfiable en raison du fort \u00e9cart de la variance<br \/>\ndes donn\u00e9es. L\u2019\u00e9cart type est \u00e0 ce point<br \/>\nimportant car plusieurs valeurs aberrantes<br \/>\nindiqu\u00e9es en rouge faussent la moyenne.<br \/>\nNous avons supprim\u00e9 ces deux valeurs<br \/>\naberrantes et avons recalcul\u00e9 les donn\u00e9es<br \/>\ncomme indiqu\u00e9 dans le Tableau 1. <\/p>\n<p>Le prix de vente moyen par pied carr\u00e9<br \/>\nde terrain apr\u00e8s \u00e9limination des valeurs<br \/>\naberrantes est de 14,04 $. L\u2019\u00e9cart-type<br \/>\nn\u2019est que de 4,52 $, ce qui signifie que<br \/>\nl\u2019\u00e9cart autour de la moyenne se situe entre<br \/>\n9,52 $ et 18,56 $. Bien que la tentative<br \/>\nd\u2019aplanir les donn\u00e9es brutes soit meilleure,<br \/>\nil reste un probl\u00e8me dominant dans les<br \/>\ndonn\u00e9es ci-dessus. Le probl\u00e8me est la<br \/>\nligne de tendance classique, en raison des<br \/>\n\u00e9conomies d\u2019\u00e9chelle entre les ventes. <\/p>\n<p>Le Diagramme 3 rapporte les donn\u00e9es du<br \/>\nTableau 1. Il d\u00e9montre que, \u00e0 mesure que la<br \/>\ntaille des lots diminue, le prix de vente au pied<br \/>\ncarr\u00e9 de la superficie du lot augmente (et vice<br \/>\nversa). La ligne bleue du graphique est une<br \/>\nLOWESS, un lisseur \u00e0 pond\u00e9ration locale. Il<br \/>\nfait exactement ce que son nom indique.  <\/p>\n<p>La conclusion \u00e0 laquelle nous sommes<br \/>\nparvenus est que prendre le prix moyen<br \/>\ndes lots r\u00e9sidentiels de remplissage et<br \/>\nl\u2019appliquer \u00e0 la propri\u00e9t\u00e9 de 11 712 pieds<br \/>\ncarr\u00e9s n\u2019a pas beaucoup de sens car<br \/>\nles \u00e9conomies d\u2019\u00e9chelle et les ventes<br \/>\naberrantes ont un impact trop important sur<br \/>\nle prix moyen.<\/p>\n<p>Par cons\u00e9quent, nous avons abandonn\u00e9<br \/>\ncette approche (m\u00e9thode A) et appliqu\u00e9 une<br \/>\nMCD (m\u00e9thode B) qui peut utiliser un point<br \/>\nde qualit\u00e9 (PQ) pour traiter efficacement<br \/>\nl\u2019\u00e9conomie d\u2019\u00e9chelle des donn\u00e9es.  <\/p>\n<p>Par souci de concision, nous avons<br \/>\nutilis\u00e9 l\u2019analyse du PQ comme base de<br \/>\nla MCD. Bien que cet article traite de <\/p>\n<p>DIAGRAMME 2<\/p>\n<p> \u00e9cart type<\/p>\n<p> fourchette<\/p>\n<p> ADDRESSE  VENDUE  TAILLE DU LOT  PRIX DE VENTE  PRIX PI2<\/p>\n<p>ADRESSE VENDUE TAILLE DU LOT PRIX DE VENTE PRIX PI2<\/p>\n<p>398, rue Mill Sep-16 9 221 99 000 $ 10,74 $<\/p>\n<p>396, rue Mill Sep-16 8 289 99 000 $ 11,94 $<\/p>\n<p>517, rue Henry Jul-18 6 534 67 250 $ 10,29 $<\/p>\n<p>553, rue Leinster D\u00e9c-17 5 997 140 000 $ 23,35 $<\/p>\n<p>Rue Mill Nov-17 7 368 100 000 $ 13,57 $<\/p>\n<p>Rue Drew Jul-15 6 534 100 000 $ 15,30 $<\/p>\n<p>Rue Drew Jul-15 3 808 65 000 $ 17,07 $<\/p>\n<p>394, rue Mill D\u00e9c-16 8 476 85 000 $ 10,03 $<\/p>\n<p>14,04 $<\/p>\n<p>\u00c9cart type : 4,52 $<\/p>\n<p>Fourchette : 9,52 $ \u00e0 18,56 $<\/p>\n<p>TABLEAU 1<\/p>\n<p>DIAGRAMME 3<\/p>\n<p>Diagramme de dispersion de la taille du terrain par rapport au prix de vente au pied carr\u00e9<\/p>\n<p>PRIX DE VENTE AU PIED CARR\u00c9<\/p>\n<p>TA<br \/>\nIL<\/p>\n<p>L<br \/>\nE<\/p>\n<p> D<br \/>\nU<\/p>\n<p> L<br \/>\nO<\/p>\n<p>T <\/p>\n<p>30000<\/p>\n<p>25000<\/p>\n<p>20000<\/p>\n<p>15000<\/p>\n<p>10000<\/p>\n<p>5000<\/p>\n<p>            10           15         20       25<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 28 Return to CONTENTS<\/p>\n<p>l\u2019\u00e9valuation d\u2019une emprise, c\u2019est aussi<br \/>\nl\u2019occasion de d\u00e9montrer comment le<br \/>\nPQ traite deux des ajustements les plus<br \/>\ndifficiles pour tout \u00e9valuateur : le temps et<br \/>\nles \u00e9conomies d\u2019\u00e9chelle. <\/p>\n<p> TEMPS<\/p>\n<p>Le temps n\u2019est qu\u2019une autre variable<br \/>\npr\u00e9dictive utilis\u00e9e dans l\u2019analyse des<br \/>\ndonn\u00e9es immobili\u00e8res. Ce n\u2019est pas<br \/>\nsp\u00e9cial. Dans la MCD classique, le temps<br \/>\nest ajust\u00e9 \u00e0 toutes les ventes avant que<br \/>\nles autres ajustements ne soient faits aux<br \/>\ncomparables. Dans le PQ, nous compl\u00e9tons<br \/>\nd\u2019abord les ajustements avant et ensuite<br \/>\nnous effectuons un ajustement temps (si<br \/>\nn\u00e9cessaire). En effet, rien ne prouve qu\u2019un<br \/>\n\u00e9valuateur puisse justifier un ajustement<br \/>\ntemps (voir l\u2019article dans \u00c9valuation<br \/>\nimmobili\u00e8re au Canada, Volume 61, Livre<br \/>\n2, 2017) \u00e0 moins que vous n\u2019utilisiez une<br \/>\nanalyse de r\u00e9gression multiple (ARM).<br \/>\nCependant, dans le PQ, nous pouvons<br \/>\nen fait surveiller l\u2019ajustement temps et<br \/>\nquantifier son effet sur les donn\u00e9es. Nous<br \/>\npouvons valider si un ajustement temps<br \/>\nest justifi\u00e9 ou non. C\u2019est moins cher et <\/p>\n<p>plus facile \u00e0 faire qu\u2019une ARM chaque fois<br \/>\nqu\u2019une \u00e9valuation est n\u00e9cessaire. Dans<br \/>\nle PQ, nous surveillons l\u2019efficacit\u00e9 de nos<br \/>\nrajustements avant au moyen du prix de<br \/>\nvente moyen rajust\u00e9 par pied carr\u00e9 de la<br \/>\nsuperficie du terrain des comparables<br \/>\n(unit\u00e9 de comparaison). L\u2019\u00e9cart-type (\u00c9T)<br \/>\nde la moyenne du prix de vente rajust\u00e9<br \/>\npar pied carr\u00e9 de la taille du lot ou de<br \/>\nl\u2019unit\u00e9 de comparaison est calcul\u00e9 avant<br \/>\nun rajustement temps. L\u2019\u00e9cart-type est<br \/>\nexprim\u00e9 sous la forme d\u2019un coefficient de<br \/>\nvariance en pourcentage. En fait, il s\u2019agit<br \/>\nd\u2019une mesure de l\u2019efficacit\u00e9 des variables<br \/>\nde pr\u00e9dictives autres que temps. <\/p>\n<p>Dans l\u2019\u00e9valuation des ventes de lots<br \/>\ncomparables, le prix de vente par pied<br \/>\ncarr\u00e9 de lot avant tout ajustement \u00e9tait de<br \/>\n127 %. Apr\u00e8s avoir appliqu\u00e9 tous les<br \/>\n\u00ab rajustements \u00bb avant toute consid\u00e9ration<br \/>\nrelative au temps, nous avons \u00e9t\u00e9 en<br \/>\nmesure de r\u00e9duire le COV % du prix de<br \/>\nvente rajust\u00e9 par pied carr\u00e9 de superficie<br \/>\nde terrain \u00e0 12 %. Un \u00e9cart de 12 % n\u203aest<br \/>\npas une fourchette acceptable des prix de<br \/>\nvente rajust\u00e9s par pied carr\u00e9 de terrain<br \/>\ndes terrains comparables. \u00c9videmment,<br \/>\nla variable pr\u00e9dictive manquante pourrait<br \/>\n\u00eatre temps. Dans ce cas, nous appliquons<br \/>\nun ajustement temps aux ventes et en<br \/>\nsurveillons l\u2019effet via le COV, qui est<br \/>\nmaintenant \u00e0 12 %. Si nous appliquons<br \/>\nun ajustement temps et qu\u2019il entra\u00eene<br \/>\nune diminution du COV %, alors nous <\/p>\n<p>continuons d\u2019ajouter un pourcentage<br \/>\nd\u2019ajustement temps plus \u00e9lev\u00e9 pour voir les<br \/>\nr\u00e9sultats. Dans le rapport, il est indiqu\u00e9  au<br \/>\nTableau 2. <\/p>\n<p>On peut voir que le meilleur ajustement<br \/>\nannuel de temps pour cette vente \u00e9tait de<br \/>\n14 %, puisque trois essais apr\u00e8s (15 %, 16 % et<br \/>\n17 %) n\u2019ont pas donn\u00e9 de r\u00e9ponse. Cette action<br \/>\na r\u00e9duit le COV de 12 % \u00e0 4 %, ce qui satisfait<br \/>\nl\u2019objectif de la MCD de r\u00e9duire et d\u2019expliquer<br \/>\nla variation dans l\u2019unit\u00e9 de comparaison des<br \/>\ndonn\u00e9es. Nous n\u2019arrivons pas \u00e0 faire en sorte<br \/>\nque le mod\u00e8le MCD utilisant le PQ fonctionne<br \/>\nde fa\u00e7on plus efficace. <\/p>\n<p> \u00c9CONOMIES D\u2019\u00c9CHELLE (DANS LE <\/p>\n<p>CADRE DES AJUSTEMENTS AVANT) <\/p>\n<p>Nous avions cern\u00e9 un probl\u00e8me avec les<br \/>\nventes en ce sens qu\u2019il y a une relation inverse<br \/>\navec l\u2019unit\u00e9 de comparaison (prix de vente au<br \/>\npied carr\u00e9 de la taille du lot). Plus le site est<br \/>\ngrand, plus le prix de vente par pied carr\u00e9 de<br \/>\nsuperficie du terrain est bas, et vice versa.<br \/>\nLe Diagramme 4 est un diagramme de<br \/>\ndispersion des donn\u00e9es sur les ventes qui<br \/>\nillustre ce ph\u00e9nom\u00e8ne de march\u00e9. <\/p>\n<p>Puisque le PQ utilise une \u00e9chelle comme<br \/>\nm\u00e9thode d\u2019ajustement qui classe les variables<br \/>\npr\u00e9dictives s\u00e9lectionn\u00e9es, nous pouvons<br \/>\ncompenser l&rsquo;effet des \u00e9conomies d&rsquo;\u00e9chelle<br \/>\nlorsqu&rsquo;il s&rsquo;agit de la variable pr\u00e9dictive taille<br \/>\ndu lot. Tout ce qu\u2019il faut, c\u2019est inverser la<br \/>\nnotation standard des variables pr\u00e9dictives. Le<br \/>\nscore standard est 1-4-9-9-16-16-25-36-49. <\/p>\n<p>AJUSTEMENT<br \/>\nTEMPS PAR ANN\u00c9E<\/p>\n<p>CHANGEMENT (COV<br \/>\nDE D\u00c9PART &#8211; 12 % <\/p>\n<p>AVANT TEMPS)<\/p>\n<p>1 % AUCUN<\/p>\n<p>2 % AUCUN<\/p>\n<p>3 % BAISS\u00c9 \u00c0 10 %<\/p>\n<p>4 % AUCUN<\/p>\n<p>5 % BAISS\u00c9 \u00c0 9 %<\/p>\n<p>6 % AUCUN<\/p>\n<p>7 % BAISS\u00c9 \u00c0 8 %<\/p>\n<p>8 % AUCUN<\/p>\n<p>9 % BAISS\u00c9 \u00c0 7 %<\/p>\n<p>10 % AUCUN<\/p>\n<p>11 % BAISS\u00c9 \u00c0 6 %<\/p>\n<p>12 % AUCUN<\/p>\n<p>13 % AUCUN<\/p>\n<p>14 % BAISS\u00c9 \u00c0 4 %<\/p>\n<p>15 % AUCUN<\/p>\n<p>16 % AUCUN<\/p>\n<p>17 % AUCUN<\/p>\n<p>TABLEAU 2<\/p>\n<p>DIAGRAMME 4<\/p>\n<p>Diagramme de dispersion de la taille du terrain par rapport au prix de vente au pied carr\u00e9<\/p>\n<p>9000<\/p>\n<p>8000<\/p>\n<p>7000<\/p>\n<p>6000<\/p>\n<p>5000<\/p>\n<p>4000<\/p>\n<p>PRIX DE VENTE AU PIED CARR\u00c9<\/p>\n<p>TA<br \/>\nIL<\/p>\n<p>L<br \/>\nE<\/p>\n<p> D<br \/>\nU<\/p>\n<p> L<br \/>\nO<\/p>\n<p>T <\/p>\n<p>10 12                   14                16                18                20                22               24<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 29Return to CONTENTS<\/p>\n<p>Dans ce cas, un 1 serait maintenant un 49, et<br \/>\nainsi de suite. Cela signifie qu\u2019une propri\u00e9t\u00e9<br \/>\ncomparable avec un lot de taille standard<br \/>\nqui recevrait normalement une note de 9 se<br \/>\nverrait attribuer la note inverse de 25. Cette<br \/>\naction inverse n\u2019est rien de plus qu\u2019une<br \/>\nr\u00e9-expression que l\u2019on retrouve dans les<br \/>\nlivres de statistiques typiques traitant des<br \/>\ndonn\u00e9es. Sans cette r\u00e9-expression, le COV<br \/>\n% serait de 33 % et non de 12 % avant tout<br \/>\najustement temps.  <\/p>\n<p>La superficie moyenne des terrains<br \/>\ncomparables est de 11 840 pieds carr\u00e9s.<br \/>\n(Tableau 3)<\/p>\n<p> VALIDATION DES AJUSTEMENTS <\/p>\n<p>CORRECTS EN FONCTION DU TEMPS <\/p>\n<p>ET DES \u00c9CONOMIES D\u2019\u00c9CHELLE <\/p>\n<p>Comment savoir si cette m\u00e9thode<br \/>\nd\u2019ajustement temps et \u00e9conomies d\u2019\u00e9chelle<br \/>\nfonctionne? C\u2019est facile \u00e0 voir, puisque<br \/>\nl\u2019analyse du PQ comporte une fonction<br \/>\nde test r\u00e9siduel int\u00e9gr\u00e9e au mod\u00e8le. Il<br \/>\ns\u2019agit simplement de pr\u00e9dire les ventes<br \/>\nr\u00e9elles de chaque terrain comparable en<br \/>\nfonction des scores ou des \u00ab rajustements<br \/>\n\u00bb apport\u00e9s aux variables pr\u00e9dictives et de<br \/>\ncomparer les r\u00e9sultats aux prix de vente<br \/>\nr\u00e9els des terrains comparables. <\/p>\n<p>Le processus d\u2019\u00e9valuation du PQ est<br \/>\nextr\u00eamement important parce que les<br \/>\nr\u00e9sultats ne sont pas tous bas\u00e9s sur<br \/>\nune moyenne math\u00e9matique des divers<br \/>\nattributs. Dr Whipple de l\u2019Universit\u00e9 Curtin<br \/>\nen Australie donne la meilleure explication<br \/>\nde l\u2019analyse r\u00e9siduelle du mod\u00e8le du PQ:<br \/>\n \u00ab Enfin, l\u2019analyse r\u00e9siduelle est un <\/p>\n<p>\u00e9l\u00e9ment tr\u00e8s important de la technique.<br \/>\nL\u2019hypoth\u00e8se sous-jacente \u00e0 la m\u00e9thode<br \/>\nde comparaison des ventes est que le<br \/>\ncomportement r\u00e9cent des acheteurs<br \/>\n\u00e0 l\u2019\u00e9gard de propri\u00e9t\u00e9s vendues<br \/>\ncomparables sera le m\u00eame que celui de<br \/>\nla propri\u00e9t\u00e9 vis\u00e9e. L\u2019analyse r\u00e9siduelle<br \/>\nmontre dans quelle mesure le mod\u00e8le<br \/>\nreproduit bien les prix obtenus pour<br \/>\nles comparables. Si la r\u00e9plication est<br \/>\nbonne, on s\u2019attend \u00e0 ce qu\u2019elle produise<br \/>\nune pr\u00e9diction de prix acceptable<br \/>\npour la propri\u00e9t\u00e9 vis\u00e9e, si l\u2019analogie<br \/>\na \u00e9t\u00e9 valablement construite. Peu<br \/>\nd\u2019\u00e9valuateurs testent la logique qu\u2019ils<br \/>\nadoptent sur des transactions r\u00e9elles.<br \/>\nCette m\u00e9thode leur permet de le faire et<br \/>\nc\u2019est une caract\u00e9ristique souhaitable.  <\/p>\n<p>Le test ultime d\u2019une m\u00e9thode est la<br \/>\nmesure dans laquelle elle produit des<br \/>\nr\u00e9sultats conformes \u00e0 la r\u00e9alit\u00e9. \u00bb  <\/p>\n<p>\u2013 Property Valuation and Analysis, The<br \/>\nLaw Book Company Limited, 1995.<\/p>\n<p>Le Tableau 4 d\u00e9montre l\u2019unit\u00e9 de comparaison<br \/>\npr\u00e9vue (prix de vente par pied carr\u00e9 de<br \/>\nterrain) indiqu\u00e9e dans la troisi\u00e8me colonne<br \/>\npar rapport aux prix de vente r\u00e9els des<br \/>\nventes comparables. <\/p>\n<p>Le mod\u00e8le de PQ pr\u00e9dit la valeur<br \/>\ndes cinq indices entre 2,14 % et 6,94 %.<br \/>\nPuisque la notation des indices a pr\u00e9dit un<br \/>\nprix de vente par pied carr\u00e9 de superficie<br \/>\nr\u00e9siduelle de lot de 3,91 % en moyenne,<br \/>\nalors la m\u00eame m\u00e9thode de notation peut <\/p>\n<p>\u00eatre appliqu\u00e9e \u00e0 la propri\u00e9t\u00e9 vis\u00e9e pour<br \/>\nen pr\u00e9dire la valeur. En appliquant ensuite<br \/>\n\u00e0 la propri\u00e9t\u00e9 vis\u00e9e la m\u00eame m\u00e9thode de<br \/>\nnotation que nous avons appliqu\u00e9e aux<br \/>\nventes, les r\u00e9sultats montrent que la valeur<br \/>\nde la propri\u00e9t\u00e9 vis\u00e9e (et non de la servitude)<br \/>\nest comme suit. <\/p>\n<p> FOURCHETTE DE VALEUR PR\u00c9VUE <\/p>\n<p>POUR LE BIEN IMMOBILIER VIS\u00c9 <\/p>\n<p>Les prix selon le PQ par pied carr\u00e9 de<br \/>\nsuperficie de lot des indices se situaient<br \/>\nentre 0,62 $ et 0,70 $ et sont analys\u00e9s<br \/>\npour leur tendance centrale en utilisant<br \/>\nla moyenne. Cela cr\u00e9e un prix moyen<br \/>\npar PQ par pied carr\u00e9 de superficie de<br \/>\nterrain de 0,65 $. Un \u00e9cart-type a entra\u00een\u00e9 <\/p>\n<p>NO DE VENTE TAILLE DU LOT SCORE (NORMAL) SCORE (INVERS\u00c9)<\/p>\n<p>3 5997 4 36<\/p>\n<p>1 6534 4 36<\/p>\n<p>2 7368 4 36<\/p>\n<p>4 8476 4 36<\/p>\n<p>5 30,823 36 4<\/p>\n<p>TABLEAU 3<\/p>\n<p>INDICE<br \/>\nNO<\/p>\n<p>PRIX DE VENTE<br \/>\nR\u00c9EL PAR PI2 DE <\/p>\n<p>SUPERFICIE DE LOT<br \/>\n(apr\u00e8s ajustements <\/p>\n<p>quantitatifs)<\/p>\n<p>PRIX DE VENTE<br \/>\nPR\u00c9DIT PAR PI2 DE <\/p>\n<p>SUPERFICIE DE LOT<br \/>\n(apr\u00e8s tous les<br \/>\najustements)<\/p>\n<p>VARIATION<\/p>\n<p>1 10,29 $ 10,51 $ 2,14%<\/p>\n<p>2 13,57 $ 13,25 $ 2,37%<\/p>\n<p>3 23,35 $ 21,72 $ 6,94%<\/p>\n<p>4 12,84 $ 13,25 $ 3,23%<\/p>\n<p>5   7,40 $    7,76 $ 4,89%<\/p>\n<p>TABLEAU 4<\/p>\n<p>SCORE DU<br \/>\nBIEN VIS\u00c9 <\/p>\n<p>(M\u00c9THODE B)<\/p>\n<p>PRIX DE VENTE<br \/>\nAU PI2 DE <\/p>\n<p>SUPERFICIE<br \/>\nPAR POINT DE <\/p>\n<p>QUALIT\u00c9<\/p>\n<p>TAILLE DU LOT<br \/>\nDU BIEN VIS\u00c9 <\/p>\n<p>769, CH.<br \/>\nPARKINSON<\/p>\n<p>ARRONDI \u00c0<\/p>\n<p>23,40 x 0,62 $ x 11 712,00 = 170 000 $<\/p>\n<p>23,40 x 0,65 $ x 11 712,00 = 178 000 $<\/p>\n<p>23,40 x 0,68 $ x 11 712,00 = 186 000 $<\/p>\n<p>TABLEAU 5<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 30 Return to CONTENTS<\/p>\n<p>une diff\u00e9rence de 0,03 $ par rapport \u00e0 la<br \/>\nmoyenne. En d\u2019autres termes, la moyenne<br \/>\n(0,65 $) pourrait aussi avoir un taux de (0,65 $<br \/>\n+ 0,03 $ = 0,68 $ ou 0,65 $ &#8211; 0,03 $ = 0,62 $).<br \/>\nLa note pond\u00e9r\u00e9e totale du bien immobilier en<br \/>\nquestion (23,40) est ensuite appliqu\u00e9e au prix<br \/>\nmoyen par unit\u00e9 de prix de vente pour pr\u00e9voir<br \/>\nla valeur du bien immobilier en question<br \/>\n(m\u00e9thode B). (Tableau 5)  <\/p>\n<p>Par cons\u00e9quent, la valeur du bien vis\u00e9<br \/>\n(m\u00e9thode B) par la MCD se situe entre<br \/>\n170 000 $ et 186 000 $. Cela \u00e9quivaut \u00e0<br \/>\n14,52 $ \u00e0 15,88 $ le pied carr\u00e9 de superficie<br \/>\nde terrain vacant. Il s\u2019agirait d\u2019un droit<br \/>\nen fief simple, ce qui ne repr\u00e9sente pas<br \/>\nla fourchette de la valeur marchande de<br \/>\nl\u2019emprise propos\u00e9e. <\/p>\n<p> DROITS DE PASSAGE  <\/p>\n<p>ET DROITS EN FIEF SIMPLE <\/p>\n<p>Une emprise donn\u00e9e sur un int\u00e9r\u00eat en<br \/>\nfief simple n\u2019est rien de plus qu\u2019un plan<br \/>\nphysique \u00e0 deux dimensions : largeur et<br \/>\nlongueur. L\u2019emprise ne \u00ab prend \u00bb pas une<br \/>\nquelconque quantit\u00e9 sp\u00e9cifi\u00e9e du fief simple<br \/>\nparce que l\u2019int\u00e9r\u00eat en fief simple se trouve<br \/>\nsous le chemin de l\u2019emprise. En d\u2019autres<br \/>\ntermes, l\u2019emprise est un droit de surface<br \/>\npar opposition \u00e0 un droit souterrain pour<br \/>\nl\u2019enfouissement d\u2019un pipeline. L\u2019int\u00e9r\u00eat<br \/>\nen fief simple demeure intact. Toutefois,<br \/>\nl\u2019emplacement de l\u2019emprise peut perturber<br \/>\nla partie de l\u2019emprise en fief simple sur<br \/>\nlaquelle elle est situ\u00e9e, selon la forme,<br \/>\nl\u2019angle et la taille de l\u2019emprise. Tant que <\/p>\n<p>l\u2019emprise est situ\u00e9e en bordure du site, elle<br \/>\nn\u2019entra\u00eene aucune diminution de valeur en<br \/>\nraison de la mise en place de l\u2019emprise.<br \/>\nDans le cas de l\u2019emprise propos\u00e9e de la<br \/>\npropri\u00e9t\u00e9 vis\u00e9e sur le corridor d\u2019Ontario<br \/>\nHydro, il n\u2019y a aucun changement au droit<br \/>\nde passage en fief simple et \u00e0 la servitude<br \/>\ndes terres existantes d\u2019Ontario Hydro. En<br \/>\nd\u2019autres termes, l\u2019emprise propos\u00e9e n\u2019est<br \/>\npas un fardeau pour les lignes d\u2019Ontario<br \/>\nHydro parce qu\u2019elle se trouve simplement<br \/>\nsur le terrain et la servitude existants.<br \/>\n\u00c9tant donn\u00e9 que l\u2019emprise est quelque<br \/>\nchose qui s\u2019ajoute \u00e0 l\u2019int\u00e9r\u00eat en fief simple<br \/>\nsous-jacent des terres d\u2019Ontario Hydro, sa<br \/>\nvaleur refl\u00e8te automatiquement une partie<br \/>\nde la valeur du droit en fief simple. <\/p>\n<p>Le Diagramme 5 illustre une vue du<br \/>\ncorridor d\u2019Ontario Hydro avec sa propre<br \/>\nservitude centrale, l\u2019emprise propos\u00e9e<br \/>\ns\u2019\u00e9tendant transversalement sur le corridor. <\/p>\n<p>On a beaucoup \u00e9crit sur le sujet<br \/>\nconcernant la diff\u00e9rence de valeur<br \/>\nmarchande entre l\u2019int\u00e9r\u00eat sur l\u2019emprise<br \/>\net l\u2019int\u00e9r\u00eat en fief simple. La valeur de<br \/>\nl\u2019emprise est souvent exprim\u00e9e sur le<br \/>\nmarch\u00e9 sous forme de pourcentage du<br \/>\nfief simple (50 % \u00e0 100 %). Nous savons<br \/>\nqu\u2019une emprise existante a \u00e9t\u00e9 pay\u00e9e sur<br \/>\nla rue en question en utilisant une valeur<br \/>\ncontributive de 75 % de la valeur du fief<br \/>\nsimple. Un bon article sur ce sujet est<br \/>\nNonlinear Effects on Easements Valuations<br \/>\npar Henry J. Munneke et Joseph A.<br \/>\nTrefzger. Cet article peut \u00eatre trouv\u00e9 dans <\/p>\n<p>le Journal of Real Estate Research, volume<br \/>\n16, num\u00e9ro 2, 1998, ainsi que sur Internet.  <\/p>\n<p>Nous avons choisi d\u2019utiliser un taux de<br \/>\n75 % contre le fief simple. Cela signifie que<br \/>\nla valeur marchande de l\u2019emprise propos\u00e9e<br \/>\nest de 75 % de 14,52 $ \u00e0 15,88 $, soit de<br \/>\n10,89 $ \u00e0 11,91 $. Lorsque ces taux sont<br \/>\nappliqu\u00e9s \u00e0 la superficie de l\u2019emprise vis\u00e9e<br \/>\nde 729,8 pieds carr\u00e9s, la valeur varie de<br \/>\n7 948 $ \u00e0 8 692 $. <\/p>\n<p>Comme note de bas de page, nous ne<br \/>\npouvons pas comparer le taux d\u2019emprise<br \/>\nde 2,29 $ pay\u00e9 (1 787 pieds carr\u00e9s) pour<br \/>\nune emprise le long de la m\u00eame rue en<br \/>\nquestion il y a plusieurs ann\u00e9es, et cela<br \/>\npour deux raisons :<br \/>\na. Il y a une diff\u00e9rence de temps de 10 ans <\/p>\n<p>entre les ventes des emprises sur la rue<br \/>\nen question. Il y a eu une acc\u00e9l\u00e9ration<br \/>\ndes prix de l\u2019immobilier r\u00e9sidentiel<br \/>\ndurant cette p\u00e9riode qui d\u00e9passe toutes<br \/>\nles estimations. Cette augmentation<br \/>\ndu march\u00e9 r\u00e9sidentiel am\u00e9lior\u00e9 se<br \/>\nr\u00e9percuterait \u00e9galement sur le march\u00e9<br \/>\ndes lots r\u00e9sidentiels vacants. <\/p>\n<p>b. La diff\u00e9rence de superficie des deux<br \/>\nemprises : 729,8 pieds carr\u00e9s (bien vis\u00e9)<br \/>\ncomparativement \u00e0 1 787 pieds carr\u00e9s.<br \/>\nComme on l\u2019a vu dans le cadre de la<br \/>\nMCD, la taille du site est inversement<br \/>\nproportionnelle au prix de vente au pied<br \/>\ncarr\u00e9 du plus grand site, le plus petit<br \/>\nsite ayant un prix de vente au pied carr\u00e9<br \/>\nplus bas et le plus grand site un prix<br \/>\nplus \u00e9lev\u00e9. Il en va de m\u00eame lorsque<br \/>\nl\u2019on compare les deux tailles des droits<br \/>\nde passage. L\u2019emprise du bien vis\u00e9 est<br \/>\nbeaucoup plus petite et, par cons\u00e9quent,<br \/>\nle taux global par pied carr\u00e9 serait<br \/>\nbeaucoup plus \u00e9lev\u00e9. <\/p>\n<p>En fin de compte, il n\u2019y a pas de r\u00e9elle<br \/>\ncomparaison entre le montant pay\u00e9 pour<br \/>\nl\u2019emprise de la rue en question et celui de<br \/>\nl\u2019emprise en question. <\/p>\n<p>La conclusion \u00e0 laquelle on est parvenu<br \/>\n\u00e9tait que la valeur marchande de la<br \/>\nservitude en question \u00e9tait de 10,96 $ le<br \/>\npied carr\u00e9 pour une servitude de 729,8<br \/>\npieds carr\u00e9s. Cela \u00e9quivaut \u00e0 8 000 $.<br \/>\nOntario Hydro a accept\u00e9 cette valeur de la<br \/>\nservitude et une servitude d\u2019acc\u00e8s a \u00e9t\u00e9<br \/>\naccord\u00e9e aux ex\u00e9cuteurs testamentaires<br \/>\nde la propri\u00e9t\u00e9. Les ex\u00e9cuteurs<br \/>\ntestamentaires ont ensuite vendu la maison<br \/>\net le terrain. <\/p>\n<p>DIAGRAMME 5<\/p>\n<p>LIGNE<br \/>\nEXISTANTE<br \/>\nDE OH<\/p>\n<p>EMPRISE PROPOS\u00c9E<\/p>\n<p>SERVITUDE<br \/>\nEXISTANTE DE OH<\/p>\n<p>INT\u00c9R\u00caT EN FIEF SIMPLE DU<br \/>\nCORRIDOR DE ONTARIO HYDRO<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 31Return to CONTENTS<\/p>\n<p>As interest rates start climbing and the real estate market becomes a little tighter,<br \/>\npressure increases and the potential<br \/>\nrises for complaints against Members of<br \/>\nthe Appraisal Institute of Canada (AIC).<br \/>\nThis quick reference provides a list of<br \/>\nfive ways an appraiser can increase the<br \/>\nlikelihood of attracting a complaint.<\/p>\n<p>  1.   GIVE THE  <\/p>\n<p>CLIENT A LETTER OF OPINION.<\/p>\n<p>Your Counsellors are collectively old<br \/>\nenough to remember one-page (one-<br \/>\nsided) appraisals, glued-on printed <\/p>\n<p>photos from cameras with film, tape<br \/>\nmeasures, and the days when someone<br \/>\nwould say \u201cI just need a letter of<br \/>\nopinion\u201d; or equally scary \u201cthis is for<br \/>\ninternal purposes, no one will see<br \/>\nthe report.\u201d <\/p>\n<p> Canadian Uniform Standards of <\/p>\n<p>Professional Appraisal Practice<br \/>\n(CUSPAP) section 2.53 Note 2: Report<br \/>\ntypes may include form reports, short<br \/>\nnarrative reports, or comprehensive<br \/>\nreports in complete or draft formats.<br \/>\nLetters of opinion are not acceptable<br \/>\nreport types.<\/p>\n<p>But someone may say that a verbal<br \/>\nreport can be provided; and that<br \/>\nperson would be right. However, no<br \/>\nmatter how you deliver your report<br \/>\nand value conclusion, it must be<br \/>\nCUSPAP compliant. <\/p>\n<p> CUSPAP section 2.53 Note 1: These <\/p>\n<p>Standards do not dictate the format<br \/>\nor style of reports. The substantive<br \/>\ncontent of a report determines its<br \/>\ncompliance with CUSPAP.<\/p>\n<p>If someone tells you no one else will see<br \/>\nyour report, the one thing you should <\/p>\n<p>FROM THE DESK OF THE COUNSELLORS PROFESSIONAL PRACTICE<\/p>\n<p>HOW TO<br \/>\nATTRACT A<\/p>\n<p>COMPLAINT<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 32 Return to CONTENTS<\/p>\n<p>with saying: \u201cwith great power comes<br \/>\ngreat responsibility.\u201d For any given<br \/>\nassignment, you may believe that your<br \/>\nconclusion is correct; but someone may<br \/>\nstill challenge you on it. <\/p>\n<p>Accepting the fact that opinions vary<br \/>\nand remaining open to a discussion<br \/>\nabout your conclusion will allow a<br \/>\nclient to voice their opinion, and provide<br \/>\nthem with the rationale behind your<br \/>\nconclusion that may, in turn, provide<br \/>\nthem with all they need to understand<br \/>\nand accept your conclusion. If they bring<br \/>\nvalid points to the discussion, they may<br \/>\nprovide you with a valuable learning<br \/>\nopportunity. Plus, chances are that,<br \/>\nin either instance, a difficult situation<br \/>\ncould be resolved before it escalates to<br \/>\na complaint.<\/p>\n<p>  4.   IGNORE THAT  <\/p>\n<p>CUSPAP UPDATE YOU GET  <\/p>\n<p>EVERY COUPLE OF YEARS.<\/p>\n<p>CUSPAP is updated every two years. The<br \/>\nStandards Sub-Committee is made up of<br \/>\ndedicated volunteers who have the best<br \/>\ninterest of our profession at heart. They<br \/>\nneed to respond to an ever-changing<br \/>\nbusiness environment and help us find<br \/>\nthe right balance between reasonable<br \/>\nrules, without affecting our ability to<br \/>\nearn a living and remain competitive<br \/>\nwithin our industry.  <\/p>\n<p> As AIC Members, we have a<br \/>\nresponsibility as well. We need to<br \/>\nknow what is going on with the rules.<br \/>\nThe Sub-Committee makes it easy by<br \/>\nincluding an appendix at the back of<br \/>\nCUSPAP, which gives us the ability to<br \/>\nquickly look up changes. The CUSPAP<br \/>\nelectronic document is interactive,<br \/>\nyou can do word searches for easy<br \/>\nreference, and it can be downloaded in<br \/>\nseconds from the AIC web site. But, if<br \/>\nyou do not pay attention and something<br \/>\nchanges, it is like going from a 70 km\/h<br \/>\nzone into a 50 km\/h zone that drops to<br \/>\n30 km\/h on school days; ignorance of<br \/>\nthe rules does not give an exemption<br \/>\nfrom them. <\/p>\n<p>Also, the more Members are up to<br \/>\nspeed on standards and compliance, the<br \/>\nhealthier our insurance fund remains <\/p>\n<p>because we cut down on claims. This<br \/>\nmeans lower insurance premiums.<br \/>\nTherefore, taking the time to be<br \/>\ninformed is better for you as a Member<br \/>\nand better for us all as Members. This is<br \/>\ncertainly worth the effort!<\/p>\n<p>  5.   DO NOT VALUE  <\/p>\n<p>YOURSELF AS A PROFESSIONAL.<\/p>\n<p>In our role as Counsellor, we see a full<br \/>\nrange of reactions from Members after<br \/>\nbeing told that a complaint has been<br \/>\nmade against them. Most Members<br \/>\ncare, a few seem not to care, and<br \/>\nothers appear to be unaware of the<br \/>\nrequirements of membership in the AIC.  <\/p>\n<p> We have noticed that those who<br \/>\ncare are involved in their work and<br \/>\nunderstand the importance of well<br \/>\nsupported appraisals; be it for mortgage<br \/>\nlending, property assessment, or<br \/>\nwhatever reason a client is paying for<br \/>\ntheir services. This is truly impressive.<br \/>\nSometimes these Members just need to<br \/>\ndemonstrate it better in their reports. <\/p>\n<p> Those who seem not to care often<br \/>\nuse low fees, time pressure from<br \/>\nclients, the fact the clients may not<br \/>\nread the report, or the perception that<br \/>\nclients only care about the number not<br \/>\nthe content of the report to justify their<br \/>\nlack of enthusiasm about the profession.<br \/>\nBut trust us, people start to care when<br \/>\nthings go wrong, and by that time it is<br \/>\nusually too late.  <\/p>\n<p> A former President of the AIC once<br \/>\nsaid that CUSPAP is there to help<br \/>\nMembers do good work. Some people<br \/>\nwill always complain and there is<br \/>\nnothing you can do about that. Your best<br \/>\nstrategy to avoid a consumer complaint<br \/>\nis to know your stuff, do good and<br \/>\ndiligent work, communicate clearly, and<br \/>\ntreat people professionally.  <\/p>\n<p>If you do all these things and someone<br \/>\nstill files a complaint against you, the<br \/>\nAIC\u2019s Complaint Resolution Process<br \/>\nhas the procedures in place to complete<br \/>\na fair investigation and provide you<br \/>\nwith advice and guidance, in the best<br \/>\ninterests of the profession, you, and<br \/>\nthe public. <\/p>\n<p>count on is that someone else will see<br \/>\nthe report and will likely use it to decide<br \/>\non something involving money. When a<br \/>\nclient wants it cheap and fast, it is usually<br \/>\ndue to poor planning, which means their<br \/>\ndecision process is being pressured,<br \/>\nwhich, in turn, means that your work<br \/>\ncould be compromised.<\/p>\n<p> When things go wrong, it is highly<br \/>\nunlikely that anyone who told you not to<br \/>\nworry will be there to defend you. The<br \/>\nperson saying, \u201cDon\u2019t worry\u201d in this case,<br \/>\nusually means \u201cI\u2019m not going to worry,<br \/>\nit\u2019s your problem.\u201d  <\/p>\n<p>  2.   DO WHAT SOMEONE <\/p>\n<p>PRESSURES YOU INTO DOING  <\/p>\n<p>AND NOT WHAT YOU SHOULD DO.<\/p>\n<p>This follows up on No.1. How often have<br \/>\nyou heard the question: \u201cCan you do it<br \/>\nfor less?\u201d The answer, whether you say<br \/>\nthe words or not, is that you absolutely<br \/>\ncan do less work for less money.<br \/>\nBut should you? If you cannot do the<br \/>\nnecessary amount of work for the amount<br \/>\nof money offered, maybe you should not<br \/>\ndo the work. And yes, it is easy to say,<br \/>\nbut not so easy to do because you must<br \/>\nearn a living.  <\/p>\n<p>Consider being sued personally if your<br \/>\ninsurance coverage is denied and then<br \/>\nask yourself if that extra few hundred<br \/>\ndollars is worth it? Why not do good work<br \/>\nand get paid a fair price? <\/p>\n<p>  3.   NEVER RETURN CALLS OR <\/p>\n<p>EMAILS WHEN AN UPSET CLIENT <\/p>\n<p>WANTS TO SPEAK TO YOU.<\/p>\n<p>The AIC receives numerous complaints<br \/>\nevery year, many about value, which may<br \/>\nhave been resolved had the appraiser<br \/>\nresponded to a client\u2019s inquiries and<br \/>\ncordially explained the process. We are<br \/>\nsurprised by how often we hear that an<br \/>\nappraiser would not return a call or an<br \/>\nemail, which then triggers a consumer to<br \/>\nfile a complaint. It is never pleasant to be<br \/>\nyelled at or criticized; however, facing up<br \/>\nto a displeased consumer can often help<br \/>\nto defuse a situation.    <\/p>\n<p> As appraisers, we get paid to provide<br \/>\nour opinions, which is truly amazing when<br \/>\nyou think about it. As Voltaire is credited <\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 33Return to CONTENTS<\/p>\n<p>\u00c0 mesure que les taux d&rsquo;int\u00e9r\u00eat commencent \u00e0 grimper et que le march\u00e9 immobilier se resserre<br \/>\nun peu, la pression augmente et les risques<br \/>\nde plaintes contre les membres de l&rsquo;Institut<br \/>\ncanadien des \u00e9valuateurs (ICE) s\u2019accentuent.<br \/>\nCette r\u00e9f\u00e9rence rapide fournit une liste de cinq<br \/>\nfa\u00e7ons dont un \u00e9valuateur peut augmenter la<br \/>\nprobabilit\u00e9 de recevoir une plainte. <\/p>\n<p>  1.   REMETTRE UNE LETTRE <\/p>\n<p>D\u2019OPINION AU CLIENT. <\/p>\n<p>Vos conseillers sont collectivement assez<br \/>\n\u00e2g\u00e9s pour se souvenir d\u2019\u00e9valuations d\u2019une<br \/>\npage (d\u2019un seul c\u00f4t\u00e9), accompagn\u00e9s de<br \/>\nphotos imprim\u00e9es et coll\u00e9es prises avec<br \/>\ndes cam\u00e9ras \u00e0 pellicule, de rubans \u00e0<br \/>\nmesurer et de l\u2019\u00e9poque o\u00f9 quelqu\u2019un disait<br \/>\n\u00ab j\u2019ai juste besoin d\u2019une lettre d\u2019opinion \u00bb ou<br \/>\nencore \u00ab c\u2019est \u00e0 des fins internes, personne<br \/>\nne verra le rapport \u00bb.  <\/p>\n<p> Normes uniformes de pratique <\/p>\n<p>professionnelle en mati\u00e8re d\u2019\u00e9valuation <\/p>\n<p>au Canada (NUPPEC), section 2.53<br \/>\nRemarque 2 : Les types de rapports<br \/>\npeuvent inclure les rapports sur<br \/>\nformulaires, des rapports narratifs brefs<br \/>\net concis ou des rapports d\u00e9taill\u00e9s et plus<br \/>\ncompr\u00e9hensifs en formats complets ou<br \/>\nd\u2019\u00e9bauche. Les lettres d\u2019opinion ne sont<br \/>\npas des types de rapports acceptables. <\/p>\n<p>Mais quelqu\u2019un pourrait dire qu\u2019un rapport<br \/>\nverbal peut \u00eatre fourni, et cette personne<br \/>\naurait raison. Cependant, peu importe la<br \/>\nfa\u00e7on dont vous pr\u00e9sentez votre rapport<br \/>\net votre conclusion quant \u00e0 la valeur, votre<br \/>\ntravail doit \u00eatre conforme aux NUPPEC.   <\/p>\n<p> NUPPEC section 2.53 Remarque 1 :<br \/>\nLes pr\u00e9sentes normes ne dictent pas<br \/>\nle format ou le style des rapports. Le<br \/>\ncontenu concret des rapports d\u00e9termine<br \/>\nleur conformit\u00e9 aux NUPPEC. <\/p>\n<p>Si quelqu\u2019un vous dit que personne d\u2019autre ne<br \/>\nverra votre rapport, la seule chose sur laquelle <\/p>\n<p>vous devriez compter est que quelqu\u2019un<br \/>\nd\u2019autre verra le rapport et l\u2019utilisera<br \/>\nprobablement pour d\u00e9cider de quelque<br \/>\nchose impliquant de l\u2019argent. Lorsqu\u2019un<br \/>\nclient veut une r\u00e9ponse bon march\u00e9 et<br \/>\nrapide, c\u2019est g\u00e9n\u00e9ralement \u00e0 cause d\u2019une<br \/>\nmauvaise planification, ce qui signifie que<br \/>\nson processus de d\u00e9cision est soumis \u00e0 des<br \/>\npressions, ce qui, \u00e0 son tour, signifie que<br \/>\nvotre travail pourrait \u00eatre compromis.<\/p>\n<p>Lorsque les choses tournent mal, il<br \/>\nest tr\u00e8s peu probable que quelqu\u2019un qui<br \/>\nvous a dit de ne pas vous inqui\u00e9ter sera<br \/>\nl\u00e0 pour vous d\u00e9fendre. La personne qui<br \/>\ndit : \u00ab Ne vous inqui\u00e9tez pas \u00bb dans ce cas<br \/>\nveut g\u00e9n\u00e9ralement dire : \u00ab Je ne vais pas<br \/>\nm\u2019inqui\u00e9ter, c\u2019est votre probl\u00e8me. \u00bb  <\/p>\n<p>  2.   FAIRE CE QUE QUELQU\u2019UN <\/p>\n<p>VOUS POUSSE \u00c0 FAIRE ET NON CE <\/p>\n<p>QUE VOUS DEVRIEZ FAIRE. <\/p>\n<p>Ceci fait suite au num\u00e9ro 1. Combien<br \/>\nde fois avez-vous entendu la question :<br \/>\n\u00ab Pouvez-vous le faire pour moins cher? \u00bb <\/p>\n<p>DU BUREAU DES CONSEILLERS EN PRATIQUE PROFESSIONNELLE<\/p>\n<p>COMMENT<br \/>\nRISQUER UNE<\/p>\n<p>PLAINTE<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 34 Return to CONTENTS<\/p>\n<p>La r\u00e9ponse, que vous le disiez ou non,<br \/>\nest que vous pouvez absolument faire<br \/>\nmoins de travail pour moins d\u2019argent. Mais<br \/>\ndevriez-vous le faire? Si vous ne pouvez<br \/>\npas faire la quantit\u00e9 de travail n\u00e9cessaire<br \/>\npour la quantit\u00e9 d\u2019argent offerte, vous ne<br \/>\ndevriez peut-\u00eatre pas faire le travail. Et oui,<br \/>\nc\u2019est facile \u00e0 dire, mais pas si facile \u00e0 faire<br \/>\nparce qu\u2019il faut gagner sa vie. <\/p>\n<p>Envisagez d\u2019\u00eatre poursuivi<br \/>\npersonnellement si votre couverture<br \/>\nd\u2019assurance est refus\u00e9e et demandez-<br \/>\nvous ensuite si ces quelques centaines de<br \/>\ndollars suppl\u00e9mentaires en valent la peine.<br \/>\nPourquoi ne pas faire du bon travail et se<br \/>\nfaire payer un juste prix?  <\/p>\n<p>  3.   NE JAMAIS R\u00c9PONDRE AUX <\/p>\n<p>APPELS OU AUX COURRIELS D\u2019UN <\/p>\n<p>CLIENT M\u00c9CONTENT QUI VEUT <\/p>\n<p>VOUS PARLER. <\/p>\n<p>Chaque ann\u00e9e, l\u2019ICE re\u00e7oit de nombreuses<br \/>\nplaintes, dont plusieurs sur la valeur, qui<br \/>\nauraient pu \u00eatre r\u00e9solues si l\u2019\u00e9valuateur<br \/>\navait r\u00e9pondu aux demandes de<br \/>\nrenseignements d\u2019un client et expliqu\u00e9<br \/>\nle processus de fa\u00e7on cordiale. Nous<br \/>\nsommes surpris par la fr\u00e9quence \u00e0<br \/>\nlaquelle nous entendons dire qu\u2019un<br \/>\n\u00e9valuateur ne r\u00e9pond pas \u00e0 un appel ou \u00e0<br \/>\nun courriel, ce qui incite un consommateur<br \/>\n\u00e0 d\u00e9poser une plainte. Il n\u2019est jamais<br \/>\nagr\u00e9able de se faire enguirlander ou<br \/>\ncritiquer; cependant, faire face \u00e0 un<br \/>\nconsommateur m\u00e9content peut souvent<br \/>\naider \u00e0 d\u00e9samorcer une situation.  <\/p>\n<p> En tant qu\u2019\u00e9valuateurs, nous<br \/>\nsommes pay\u00e9s pour donner notre avis,<br \/>\nce qui est vraiment incroyable quand on<br \/>\ny pense. On attribue \u00e0 Voltaire la citation<br \/>\nsuivante : \u00ab avec un grand pouvoir vient<br \/>\nune grande responsabilit\u00e9 \u00bb. Pour tout<br \/>\ncontrat de service, vous pouvez croire<br \/>\nque votre conclusion est correcte,<br \/>\nmais quelqu\u2019un peut quand m\u00eame vous<br \/>\ncontester \u00e0 ce sujet.  <\/p>\n<p>Accepter le fait que les opinions varient<br \/>\net rester ouvert \u00e0 une discussion sur votre<br \/>\nconclusion permettra au client d\u2019exprimer<br \/>\nson opinion et vous donnera l\u2019occasion<br \/>\nde lui fournir la raison d\u2019\u00eatre de votre<br \/>\nconclusion, ce qui pourrait, \u00e0 son tour,<br \/>\nlui fournir tout ce dont il a besoin pour <\/p>\n<p>comprendre et accepter ladite conclusion.<br \/>\nS\u2019ils apportent des points valables \u00e0 la<br \/>\ndiscussion, ils peuvent vous fournir une<br \/>\npr\u00e9cieuse occasion d\u2019apprentissage. De<br \/>\nplus, il y a fort \u00e0 parier que, dans un cas<br \/>\ncomme dans l\u2019autre, une situation difficile<br \/>\npourrait \u00eatre r\u00e9gl\u00e9e avant qu\u2019elle ne<br \/>\ns\u2019envenime et devienne une plainte.  <\/p>\n<p>  4.   IGNORER LA MISE \u00c0 JOUR DES <\/p>\n<p>NUPPEC QUE VOUS RECEVEZ TOUS <\/p>\n<p>LES DEUX ANS.  <\/p>\n<p>Les NUPPEC sont mises \u00e0 jour tous les<br \/>\ndeux ans. Le sous-comit\u00e9 des normes<br \/>\nest compos\u00e9 de b\u00e9n\u00e9voles d\u00e9vou\u00e9s qui<br \/>\nont \u00e0 c\u0153ur le meilleur int\u00e9r\u00eat de notre<br \/>\nprofession. Ils doivent tenir compte d\u2019un<br \/>\nenvironnement commercial en constante<br \/>\n\u00e9volution et nous aider \u00e0 trouver le juste<br \/>\n\u00e9quilibre entre des r\u00e8gles raisonnables,<br \/>\nsans nuire \u00e0 notre capacit\u00e9 de gagner<br \/>\nnotre vie et de demeurer concurrentiels<br \/>\ndans notre industrie.  <\/p>\n<p> En tant que membres de l\u2019ICE, nous<br \/>\navons aussi une responsabilit\u00e9. Nous<br \/>\ndevons savoir ce qui se passe avec<br \/>\nles r\u00e8gles. Le sous-comit\u00e9 facilite les<br \/>\nchoses en incluant une annexe \u00e0 la fin<br \/>\ndes NUPPEC qui nous permet de d\u00e9gager<br \/>\nrapidement les changements apport\u00e9s<br \/>\n\u00e0 la version pr\u00e9c\u00e9dente. Le document<br \/>\n\u00e9lectronique des NUPPEC est interactif,<br \/>\nvous pouvez faire des recherches par mot<br \/>\ncl\u00e9 pour vous y r\u00e9f\u00e9rer facilement, et il<br \/>\npeut \u00eatre t\u00e9l\u00e9charg\u00e9 en quelques secondes<br \/>\n\u00e0 partir du site Web de l\u2019ICE. Mais, si vous<br \/>\nne faites pas attention et que quelque<br \/>\nchose change, c\u2019est comme si vous passiez<br \/>\nd\u2019une zone de 70 km\/h \u00e0 une zone de<br \/>\n50 km\/h qui tombe \u00e0 30 km\/h les jours<br \/>\nd\u2019\u00e9cole; l\u2019ignorance des r\u00e8gles ne vous<br \/>\nen dispense pas. <\/p>\n<p>Ainsi, plus les membres sont au<br \/>\ncourant des normes et des exigences en<br \/>\nmati\u00e8re de conformit\u00e9, plus notre fonds<br \/>\nd\u2019assurance demeure en sant\u00e9 parce que<br \/>\nnous r\u00e9duisons le nombre de r\u00e9clamations.<br \/>\nCela signifie des primes d\u2019assurance moins<br \/>\n\u00e9lev\u00e9es. Par cons\u00e9quent, prendre le temps<br \/>\nd\u2019\u00eatre inform\u00e9 est mieux pour vous en tant<br \/>\nque membre individuel et mieux pour nous<br \/>\ntous en tant que collectivit\u00e9 de membres.<br \/>\nCela en vaut certainement la peine!<\/p>\n<p>  5.   NE PAS VOUS CONSID\u00c9RER PAS <\/p>\n<p>COMME UN PROFESSIONNEL.<\/p>\n<p>Dans notre r\u00f4le de conseiller, nous voyons<br \/>\ntoute une gamme de r\u00e9actions de la part<br \/>\ndes membres lorsqu\u2019ils apprennent qu\u2019une<br \/>\nplainte a \u00e9t\u00e9 d\u00e9pos\u00e9e contre eux. La plupart<br \/>\ndes membres s\u2019en soucient, quelques-uns<br \/>\nne semblent pas s\u2019en soucier, et d\u2019autres<br \/>\nne semblent pas conna\u00eetre les exigences de<br \/>\nleur adh\u00e9sion \u00e0 l\u2019ICE.  <\/p>\n<p>Nous avons remarqu\u00e9 que les<br \/>\npersonnes qui se soucient de ces<br \/>\nquestions sont d\u00e9vou\u00e9es et comprennent<br \/>\nl\u2019importance de produire des \u00e9valuations<br \/>\nbien \u00e9tay\u00e9es, que ce soit pour les pr\u00eats<br \/>\nhypoth\u00e9caires, l&rsquo;\u00e9valuation fonci\u00e8re ou<br \/>\ntoute autre raison pour laquelle un client<br \/>\npaie pour leurs services. C\u203aest une attitude<br \/>\nvraiment impressionnante. Parfois, ces<br \/>\nmembres ont simplement \u00e0 apprendre \u00e0<br \/>\nmieux le d\u00e9montrer dans leurs rapports. <\/p>\n<p>Pour justifier leur manque<br \/>\nd\u2019enthousiasme \u00e0 l\u2019\u00e9gard de la profession,<br \/>\nceux qui semblent ne pas s\u2019en soucier<br \/>\nont souvent des honoraires peu \u00e9lev\u00e9s,<br \/>\nacceptent les contraintes de temps de<br \/>\nleurs clients, supposent que les clients ne<br \/>\nlisent pas leurs rapports ou croient que les<br \/>\nclients ne s\u2019int\u00e9ressent qu\u2019aux chiffres et<br \/>\nnon au contenu du rapport. Mais croyez-<br \/>\nnous, les gens commencent \u00e0 s\u2019inqui\u00e9ter<br \/>\nquand les choses tournent mal, et \u00e0 ce<br \/>\nmoment-l\u00e0, il est g\u00e9n\u00e9ralement trop tard.   <\/p>\n<p>Un ancien pr\u00e9sident de l\u2019ICE a dit un<br \/>\njour que les NUPPEC sont l\u00e0 pour aider les<br \/>\nmembres \u00e0 faire du bon travail. Certaines<br \/>\npersonnes se plaignent toujours et il n\u2019y a<br \/>\nrien que vous puissiez faire \u00e0 ce sujet. Votre<br \/>\nmeilleure strat\u00e9gie pour \u00e9viter une plainte<br \/>\nd\u2019un consommateur est de savoir ce que vous<br \/>\nfaites, de bien faire votre travail et de le faire<br \/>\navec diligence, de communiquer clairement et<br \/>\nde traiter les gens de fa\u00e7on professionnelle.  <\/p>\n<p>Si vous faites toutes ces choses et que<br \/>\nquelqu\u2019un d\u00e9pose quand m\u00eame une plainte<br \/>\ncontre vous, le processus de r\u00e8glement<br \/>\ndes plaintes de l\u2019ICE a mis en place les<br \/>\nproc\u00e9dures n\u00e9cessaires pour mener<br \/>\nune enqu\u00eate \u00e9quitable, et vous fournir<br \/>\ndes conseils et une orientation dans vos<br \/>\nmeilleurs int\u00e9r\u00eats, ceux de la profession<br \/>\nainsi que du public. <\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 35Return to CONTENTS<\/p>\n<p>Jan Wicherek, AACI, P.App<br \/>\non appraising an offshore island<\/p>\n<p>Appraisers are called upon to determine value for a wide array of properties, each possessing their own unique characteristics and appraisal challenges. For Jan Wicherek, AACI, P. App., of<br \/>\nWicherek &#038; Associates in Charlottetown, PE, unique property<br \/>\ncharacteristics and appraisal challenges were certainly the<br \/>\ncase when he was called upon to establish value for an offshore<br \/>\ncoastal island in Bedeque Bay near the south shore of Prince<br \/>\nEdward Island. <\/p>\n<p>Jan\u2019s island assignment came about when he was contacted<br \/>\nby the Nature Conservancy of Canada, (NCC), Canada\u2019s leading<br \/>\nnational land conservation organization. A private, non-profit<br \/>\norganization based in Charlottetown, the NCC partners with<br \/>\nindividuals, corporations, other non-profit organizations and<br \/>\ngovernments at all levels to protect Canada\u2019s most important<br \/>\nnatural treasures \u2013 the natural areas that sustain the country\u2019s<br \/>\nplants and wildlife. The NCC secures these properties through<br \/>\ndonations, purchases, conservation agreements and the<br \/>\nrelinquishment of other legal interests in land, and manages<br \/>\nthem for the long term. Since 1962, NCC and its partners<br \/>\nhave helped to conserve 2.8 million acres (more than 1.1<br \/>\nmillion hectares) of ecologically significant land from coast<br \/>\nto coast. In making some of its acquisitions, the Conservancy<br \/>\nacquires properties that are viewed as \u2018eco gifts\u2019 and, through<br \/>\nthe Ecological Gifts Program (EGP), the owner receives a tax<br \/>\ncredit in lieu of dollars once an appraised value is agreed upon.<\/p>\n<p>The island property<\/p>\n<p>The property that required Jan\u2019s appraisal is known as Holman<br \/>\nIsland, located approximately one km south of the City of<br \/>\nSummerside (the second-largest urban centre on PEI) in Prince<br \/>\nCounty, in the central portion of the province. Access to the <\/p>\n<p>property can be gained from various boat launching points<br \/>\nset up for oyster fishermen and\/or recreational purposes,<br \/>\nhowever, according to provided information, at very low tides,<br \/>\nthe island can also be accessed on foot from a location known<br \/>\nas MacCallum\u2019s Point. The island consists of approximately 90%<br \/>\nwoodland and 10% marshland and was formerly improved with<br \/>\na 125-room hotel, a structure that was destroyed by fire in 1904.<\/p>\n<p>The original deed for Holman Island identified a land area<br \/>\nof about 130 acres, but due largely to erosion, the landmass<br \/>\nfor the island had deteriorated to approximately 90 provincially<br \/>\nassessed acres.<\/p>\n<p>Contour mapping of the property depicted sloping from<br \/>\n2-5%. Low sandstone cliffs delineated the western and<br \/>\nnorthern sides of the island, with the eastern and southern<br \/>\nsides featuring terrestrial vegetation, which runs to the high<br \/>\nwater mark. Geological mapping indicated the majority of<br \/>\nthe island was covered with well to moderately well drained<br \/>\nsoils that provided for an assumption of adequate drainage.<br \/>\nPerimeter areas along the shoreline included a coastal<br \/>\nbeach, eroded banks and cliffs, and a salt marsh covering<br \/>\napproximately 10% of the island.<\/p>\n<p>Holman Island is primarily covered by mixed woodland. The<br \/>\nforest is not old growth, and features the ground topography<br \/>\ncharacteristics of a forest, which has never been cleared for<br \/>\nagricultural use. The only exception to this appears to be the<br \/>\nimmediate area around the former hotel site where the ground<br \/>\nhad been leveled for construction of the seasonal resort. The<br \/>\npresence of a limited number of large trees indicated that the<br \/>\nisland had been subject to extensive woodcutting throughout<br \/>\nits tenure. Overall, the existing forest consists of the tree and<br \/>\nground flora species characteristic of cutover upland hardwood<br \/>\nforest. The shrub and ground flora is well developed and typical <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 36 Return to CONTENTS<\/p>\n<p>A PROFESSIONAL APPRAISER&rsquo;S PERSPECTIVE<\/p>\n<p>of native upland hardwood forests. The faunal component of<br \/>\nthis island is comprised of various types of songbird species<br \/>\nand waterfowl, as well as a small number of mammals such as<br \/>\nsquirrels, hares, etc.<\/p>\n<p>Zoning considerations<\/p>\n<p>Holman Island is designated as one of 20 offshore coastal<br \/>\nislands, and, as such, is subject to special subdivision and<br \/>\ndevelopment regulations outlined in the Provincial Planning<br \/>\nAct administered by the P.E.I. Department of Finance and<br \/>\nMunicipal Affairs. Based on these special regulations<br \/>\nfor offshore coastal islands, the island cannot be further<br \/>\nsubdivided, however, it can be developed with a building\/<br \/>\nstructure which can only be used as a summer cottage having<br \/>\nits own water supply and sewage disposal system constructed<br \/>\nin accordance with the requirements of the Environmental<br \/>\nProtection Act.  <\/p>\n<p>Historical data<\/p>\n<p>Based on obtained documentation, the subject property was<br \/>\noriginally owned by James L. Holman, a New Brunswick<br \/>\nnative, who invested a reported $80,000 to open a 125-room <\/p>\n<p>\u2018American-style\u2019 hotel (commonly referred to as Island Park<br \/>\nHotel). The original summer tourism hospitality and lodging<br \/>\nresort (completed between 1871 and 1873) included a grand<br \/>\ndining room, recreation and billiard rooms, bath-houses,<br \/>\nbowling alleys, croquet grounds, fishing, yachting, carriage<br \/>\nroad encircling the shore, and recreational trails. The hotel<br \/>\nwas easily accessible by continuous steamer service between<br \/>\nHolman Island and Summerside. Subsequent to Holman\u2019s<br \/>\ndeath in 1877, the hotel closed and the derelict building<br \/>\neventually burned to the ground. The resort\u2019s cellar is still<br \/>\nevident as a depression in the soil, in addition to the former<br \/>\npit water well. It appears that, throughout its tenure, Holman<br \/>\nIsland was employed for firewood; however, there is no recent<br \/>\nevidence of this.<\/p>\n<p>For the most part, Holman Island has witnessed limited<br \/>\nhuman activity. The only major development was the<br \/>\naforementioned former hotel. Moreover, recreational boaters<br \/>\nand seasonal hunters have visited the island periodically,<br \/>\nhowever, in spite of its close proximity to Summerside, this<br \/>\ntraffic has been relatively low. Based on provided information<br \/>\nthe island was once the site of a Great Blue Heron colony,<br \/>\nhowever, Blue Herons are not currently nesting on the site.<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 37Return to CONTENTS<\/p>\n<p>A PROFESSIONAL APPRAISER&rsquo;S PERSPECTIVE<\/p>\n<p>Conducting the appraisal<\/p>\n<p>According to Jan, \u201cThe biggest challenge to completing this<br \/>\nappraisal assignment was gathering relevant information.<br \/>\nTrying to find sufficient sales data to incorporate a direct<br \/>\ncomparison approach was difficult because there are not a lot<br \/>\nof islands being sold and each property is completely unique<br \/>\nas to where it is located, what topography it features, what<br \/>\nregulations exist that affect its potential development, etc.\u201d<\/p>\n<p>In conducting his research, Jan reviewed active island<br \/>\nlistings, investigated the island\u2019s history, analyzed the<br \/>\ninspection report conducted by the NCC, spoke with the island\u2019s<br \/>\nowner, and reached out to fellow appraisers who shared their<br \/>\nexperiences with valuing island properties. He also made great<br \/>\nuse of an online publication entitled \u2018Private Islands Inc.\u2019 which<br \/>\nprovides a wealth of up-to-date information on private islands<br \/>\nfor sale worldwide. He then travelled to the island to conduct an<br \/>\non-site inspection.<\/p>\n<p>\u201cYou can look at photo imagery and aerial mapping all you<br \/>\nwant,\u201d says Jan. \u201cBut I personally feel it is important to physically<br \/>\nexplore the property: experience the trip there and back, walk<br \/>\nthe shoreline, observe the woods and marshlands, etc. It gave<br \/>\nme a much better feel for the property and what made it unique.<br \/>\nThis in turn enabled me to take a more qualitative approach to<br \/>\ndetermining its value.\u201d<\/p>\n<p>The same theory held for his discussions with the property<br \/>\nowner. \u201cI asked questions about how the property was acquired;<br \/>\nwhat plans the owners had, or may still have, for its development;<br \/>\nwhat they have done with the island since they acquired it; how<br \/>\noften they visit the property; etc. It is enlightening to hear what<br \/>\nan owner had planned for the property when they acquired it and<br \/>\nwhat has actually transpired over time. I learned quite quickly that<br \/>\nowning an island is not always what it is cracked up to be.\u201d<\/p>\n<p>Armed with as much relevant information as he could gather and<br \/>\nreview, Jan prepared his appraisal report and presented it to NCC, <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 38 Return to CONTENTS<\/p>\n<p>A PROFESSIONAL APPRAISER&rsquo;S PERSPECTIVE<\/p>\n<p>which, in turn, made an offer to the owner. Once negotiation with the<br \/>\nowner was completed and an agreement on value reached between<br \/>\nthe two parties, the agreement was sent to an Appraisal Review<br \/>\nPanel (ARP), which is made up of independent appraisers who work<br \/>\nunder contract with Environment and Climate Change Canada. With<br \/>\npanel members from across Canada, the ARP has the responsibility<br \/>\nto review appraisal reports submitted to the Ecological Gifts<br \/>\nProgram and to make recommendations to the Minister as to the<br \/>\nfair market value of ecological gifts made under the Income Tax Act.<br \/>\nNot possessing the power to make or break a deal, the ARP strives<br \/>\nto provide the Minister with thorough reviews and well-founded<br \/>\nrecommendations. If an appraiser has prepared an appraisal in<br \/>\naccordance with the Guidelines for Appraisals, there are not usually<br \/>\nproblems with the review or the subsequent recommendation. In<br \/>\nthe case of Holman Island, since everyone\u2019s interests were properly<br \/>\nrepresented and served, the deal was consummated, NCC acquired<br \/>\nanother important ecological property, and the owner received a<br \/>\nsignificant tax credit for the agreed-upon value of the property.<\/p>\n<p>The fee that Jan was paid by NCC for this project was negotiated<br \/>\nbefore the assignment began. The key he says was to truly value<br \/>\nhis time and the skillset that he brought to the table. \u201cWhile the<br \/>\nNCC is a not-for-profit organization, they understood the work<br \/>\ninvolved in completing such a unique appraisal,\u201d says Jan. \u201cI tried<br \/>\nto be as accurate as I could in determining how much time would<br \/>\nbe involved in this project and I established a fee that accurately<br \/>\nand fairly compensated me for that. This assignment worked<br \/>\nout well for everyone involved and I would certainly welcome the<br \/>\nopportunity to undertake similar work in the future.\u201d <\/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 63 | Book 2 \/ Tome 2 | 2019 39Return to CONTENTS<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"nVbTHCiQvI\"><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=qBZKsIduFq#?secret=nVbTHCiQvI\" data-secret=\"nVbTHCiQvI\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Jan Wicherek, AACI, P.App<\/p>\n<p>sur l\u2019\u00e9valuation d\u2019une \u00eele au large<\/p>\n<p>L es \u00e9valuateurs sont appel\u00e9s \u00e0 d\u00e9terminer la valeur d\u2019un large \u00e9ventail de propri\u00e9t\u00e9s, chacune poss\u00e9dant ses propres caract\u00e9ristiques et ses propres d\u00e9fis en mati\u00e8re d\u2019\u00e9valuation. Pour Jan Wicherek, AACI,<br \/>\nP. App., de Wicherek &#038; Associates \u00e0 Charlottetown (\u00ce.-P.-\u00c9.),<br \/>\nles caract\u00e9ristiques uniques des propri\u00e9t\u00e9s et les d\u00e9fis de<br \/>\nl\u2019\u00e9valuation \u00e9taient certainement pr\u00e9sents lorsqu\u2019on lui a<br \/>\ndemand\u00e9 d\u2019\u00e9tablir la valeur d\u2019une \u00eele c\u00f4ti\u00e8re au large de la baie<br \/>\nBedeque, pr\u00e8s de la rive sud de l\u2019\u00cele-du-Prince-\u00c9douard.  <\/p>\n<p>Le contrat de service d\u2019\u00e9valuation de l\u2019 \u00eele s\u2019est pr\u00e9sent\u00e9<br \/>\nlorsque Jan a \u00e9t\u00e9 approch\u00e9 par Conservation de la nature<br \/>\nCanada (CNC), le principal organisme national de conservation<br \/>\ndes terres du Canada. Organisme priv\u00e9 sans but lucratif \u00e9tabli \u00e0<br \/>\nCharlottetown, CNC s\u2019associe \u00e0 des particuliers, \u00e0 des soci\u00e9t\u00e9s,<br \/>\n\u00e0 d\u2019autres organismes sans but lucratif et \u00e0 tous les niveaux<br \/>\nde gouvernement pour prot\u00e9ger les tr\u00e9sors naturels les plus<br \/>\nimportants du Canada \u2013 les aires naturelles qui soutiennent les<br \/>\nplantes et la faune du pays. CNC s\u00e9curise ces propri\u00e9t\u00e9s par des<br \/>\ndons, des achats, des ententes de conservation et la renonciation<br \/>\n\u00e0 d\u203aautres int\u00e9r\u00eats l\u00e9gaux sur les terrains, et en fait la gestion<br \/>\n\u00e0 long terme. Depuis 1962, CNC et ses partenaires ont aid\u00e9 \u00e0<br \/>\nconserver 2,8 millions d\u2019acres (plus de 1,1 million d\u2019hectares) de<br \/>\nterres d\u2019importance \u00e9cologique d\u2019un oc\u00e9an \u00e0 l\u2019autre. En faisant<br \/>\ncertaines de ses acquisitions, la Soci\u00e9t\u00e9 acquiert des biens qui<br \/>\nsont class\u00e9s comme des \u00ab dons \u00e9cologiques \u00bb et, par l\u2019entremise<br \/>\ndu Programme de dons \u00e9cologiques (PDE), le propri\u00e9taire re\u00e7oit<br \/>\nun cr\u00e9dit d\u2019imp\u00f4t tenant lieu de dollars une fois que la valeur<br \/>\nestimative est convenue.<\/p>\n<p>L\u2019\u00eele \u00e0 \u00e9valuer<\/p>\n<p>La propri\u00e9t\u00e9 qui a fait l\u2019objet de l\u2019\u00e9valuation de Jan est connue<br \/>\nsous le nom de Holman Island, situ\u00e9e \u00e0 environ un kilom\u00e8tre au <\/p>\n<p>sud de la ville de Summerside (le deuxi\u00e8me plus grand centre<br \/>\nurbain de l\u2019\u00cele-du-Prince-\u00c9douard) dans le comt\u00e9 de Prince, dans<br \/>\nla partie centrale de la province. L\u2019acc\u00e8s \u00e0 la propri\u00e9t\u00e9 peut se<br \/>\nfaire \u00e0 partir de divers points de mise \u00e0 l\u2019eau am\u00e9nag\u00e9s pour les<br \/>\np\u00eacheurs d\u2019hu\u00eetres et\/ou \u00e0 des fins r\u00e9cr\u00e9atives, mais, selon les<br \/>\ninformations fournies, \u00e0 mar\u00e9e tr\u00e8s basse, l\u2019 \u00eele est \u00e9galement<br \/>\naccessible \u00e0 pied depuis un endroit appel\u00e9 MacCallum\u2019s Point.<br \/>\nL\u2019\u00eele se compose d\u2019environ 90 % de terres bois\u00e9es et de 10 % de<br \/>\nmarais. Elle \u00e9tait auparavant dot\u00e9e d\u2019un h\u00f4tel de 125 chambres,<br \/>\nune structure qui a \u00e9t\u00e9 d\u00e9truite par un incendie en 1904. <\/p>\n<p>L\u2019acte original pour Holman Island indiquait une superficie<br \/>\nd\u2019environ 130 acres, mais en raison principalement de l\u2019\u00e9rosion,<br \/>\nla superficie de l\u2019 \u00eele s\u2019\u00e9tait d\u00e9t\u00e9rior\u00e9e pour atteindre environ 90<br \/>\nacres selon l\u2019estimation de la province.    <\/p>\n<p>La cartographie des courbes de niveau de la propri\u00e9t\u00e9 montre<br \/>\nune pente de 2 \u00e0 5 %. De basses falaises de gr\u00e8s d\u00e9limitent<br \/>\nles c\u00f4t\u00e9s ouest et nord de l\u2019 \u00eele, tandis que les c\u00f4t\u00e9s est et sud<br \/>\npr\u00e9sentent une v\u00e9g\u00e9tation terrestre qui s\u2019\u00e9tend jusqu\u2019\u00e0 la laisse<br \/>\ndes hautes eaux. La cartographie g\u00e9ologique indique que la<br \/>\nmajeure partie de l\u2019 \u00eele est recouverte de sols bien \u00e0 mod\u00e9r\u00e9ment<br \/>\nbien drain\u00e9s, ce qui permet de supposer un drainage ad\u00e9quat.<br \/>\nLes zones p\u00e9riph\u00e9riques le long du rivage comprennent une plage<br \/>\nc\u00f4ti\u00e8re, des berges et des falaises \u00e9rod\u00e9es et un marais sal\u00e9<br \/>\ncouvrant environ 10 % de l\u2019 \u00eele.<\/p>\n<p>Holman Island est principalement couverte de for\u00eats<br \/>\nmixtes. La for\u00eat n\u2019est pas une for\u00eat ancienne et pr\u00e9sente les<br \/>\ncaract\u00e9ristiques topographiques du sol d\u2019une for\u00eat qui n\u2019a jamais<br \/>\n\u00e9t\u00e9 d\u00e9frich\u00e9e \u00e0 des fins agricoles. La seule exception \u00e0 cette r\u00e8gle<br \/>\nsemble \u00eatre la zone imm\u00e9diate autour de l\u2019ancien site de l\u2019h\u00f4tel,<br \/>\no\u00f9 le terrain avait \u00e9t\u00e9 nivel\u00e9 pour la construction de la station<br \/>\nde vill\u00e9giature saisonni\u00e8re. La pr\u00e9sence d\u2019un nombre limit\u00e9<br \/>\nde grands arbres indique que l\u2019 \u00eele a fait l\u2019objet d\u2019importantes <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 40 Return to CONTENTS<\/p>\n<p>LA PERSPECTIVE D\u2019UN \u00c9VALUATEUR PROFESSIONNEL<\/p>\n<p>coupes de bois successives. Dans l\u2019ensemble, la for\u00eat existante<br \/>\nest constitu\u00e9e des esp\u00e8ces de flore arborescente et terrestre<br \/>\ncaract\u00e9ristiques de la for\u00eat de bois francs des hautes terres<br \/>\nrebois\u00e9es. La flore arbustive et terrestre est bien d\u00e9velopp\u00e9e<br \/>\net typique des for\u00eats de feuillus indig\u00e8nes des hautes terres. La<br \/>\ncomposante faunique de cette \u00eele est compos\u00e9e de divers types<br \/>\nd\u2019esp\u00e8ces d\u2019oiseaux chanteurs et de sauvagine, ainsi que d\u2019un<br \/>\npetit nombre de mammif\u00e8res comme l\u2019\u00e9cureuil, le li\u00e8vre, etc.<\/p>\n<p>Consid\u00e9rations relatives au zonage <\/p>\n<p>Holman Island est d\u00e9sign\u00e9e comme l\u2019une des 20 \u00eeles c\u00f4ti\u00e8res<br \/>\nau large des c\u00f4tes et, \u00e0 ce titre, est assujettie aux r\u00e8glements<br \/>\nsp\u00e9ciaux de lotissement et d\u2019am\u00e9nagement \u00e9nonc\u00e9s dans la<br \/>\nProvincial Planning Act administr\u00e9e par le minist\u00e8re des Finances<br \/>\net des Affaires municipales de l\u2019\u00cele-du-Prince-\u00c9douard. Sur la<br \/>\nbase de ces r\u00e8glements sp\u00e9ciaux pour les \u00eeles c\u00f4ti\u00e8res au large<br \/>\ndes c\u00f4tes, l\u2019 \u00eele ne peut pas \u00eatre subdivis\u00e9e davantage, mais<br \/>\nelle peut \u00eatre am\u00e9nag\u00e9e avec un b\u00e2timent ou une structure<br \/>\nqui ne peut \u00eatre utilis\u00e9 comme chalet d\u2019\u00e9t\u00e9 qu\u2019avec son propre<br \/>\nsyst\u00e8me d\u2019approvisionnement en eau et d\u2019\u00e9vacuation des eaux <\/p>\n<p>us\u00e9es construit conform\u00e9ment aux dispositions de la Loi sur la<br \/>\nprotection de l\u2019environnement.   <\/p>\n<p>Donn\u00e9es historiques <\/p>\n<p>D\u2019apr\u00e8s les documents obtenus, la propri\u00e9t\u00e9 en question<br \/>\nappartenait \u00e0 l\u2019origine \u00e0 James L. Holman, un N\u00e9o-Brunswickois,<br \/>\nqui a investi 80 000 $ pour ouvrir un h\u00f4tel \u00ab \u00e0 l\u203aam\u00e9ricaine \u00bb de<br \/>\n125 chambres (commun\u00e9ment appel\u00e9 Island Park Hotel). Le<br \/>\ncentre d\u2019accueil et d\u2019h\u00e9bergement touristique estival original<br \/>\n(achev\u00e9 entre 1871 et 1873) comprenait une grande salle \u00e0<br \/>\nmanger, des salles de loisirs et de billard, un pavillon de bains,<br \/>\ndes salles de quilles, des terrains de croquet, des installations<br \/>\nde p\u00eache et de yachting, une route carrossable entourant la rive<br \/>\net des sentiers r\u00e9cr\u00e9atifs. L\u2019h\u00f4tel \u00e9tait facilement accessible par<br \/>\nun service continu de bateau \u00e0 vapeur entre Holman Island et<br \/>\nSummerside. Apr\u00e8s la mort de Holman en 1877, l\u2019h\u00f4tel a ferm\u00e9<br \/>\nses portes et le b\u00e2timent abandonn\u00e9 a fini par br\u00fbler. La cave de<br \/>\nl\u2019immeuble est encore visible sous forme de d\u00e9pression dans le<br \/>\nsol, de m\u00eame que l\u2019ancienne fosse du puits d\u2019eau. Il semble que,<br \/>\ntout au long de son occupation, Holman Island ait \u00e9t\u00e9 utilis\u00e9e <\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 41Return to CONTENTS<\/p>\n<p>LA PERSPECTIVE D\u2019UN \u00c9VALUATEUR PROFESSIONNEL<\/p>\n<p>comme source de bois de chauffage; cependant, il n\u2019y a aucune<br \/>\npreuve r\u00e9cente \u00e0 cet \u00e9gard. <\/p>\n<p>Dans l\u2019ensemble, Holman Island a \u00e9t\u00e9 t\u00e9moin d\u2019une activit\u00e9<br \/>\nhumaine limit\u00e9e. Le seul d\u00e9veloppement majeur a \u00e9t\u00e9 l\u2019ancien<br \/>\nh\u00f4tel susmentionn\u00e9. De plus, les plaisanciers et les chasseurs<br \/>\nsaisonniers ont visit\u00e9 l\u2019 \u00eele p\u00e9riodiquement, mais malgr\u00e9 sa<br \/>\nproximit\u00e9 de Summerside, ce trafic a \u00e9t\u00e9 relativement faible.<br \/>\nD\u2019apr\u00e8s les renseignements fournis, l\u2019 \u00eele a d\u00e9j\u00e0 \u00e9t\u00e9 le site d\u2019une<br \/>\ncolonie de grands h\u00e9rons bleus, mais les h\u00e9rons bleus ne nichent<br \/>\npas actuellement sur le site.<\/p>\n<p>Ex\u00e9cution de l\u2019\u00e9valuation <\/p>\n<p>Selon Jan, \u00ab le plus grand d\u00e9fi \u00e0 relever pour mener \u00e0 bien<br \/>\nce contrat d\u2019\u00e9valuation a \u00e9t\u00e9 de recueillir des informations<br \/>\npertinentes. Il a \u00e9t\u00e9 difficile de trouver suffisamment de donn\u00e9es<br \/>\nsur les ventes pour invoquer la m\u00e9thode de comparaison directe<br \/>\nparce qu\u2019il n\u2019y a pas beaucoup d\u2019\u00eeles vendues et que chaque<br \/>\npropri\u00e9t\u00e9 est compl\u00e8tement unique quant \u00e0 son emplacement,<br \/>\nsa topographie, les r\u00e8glements en vigueur qui influent sur son<br \/>\nd\u00e9veloppement potentiel, etc. \u00bb<\/p>\n<p>Dans le cadre de ses recherches, Jan a pass\u00e9 en revue les<br \/>\nlistes d\u2019\u00eeles en activit\u00e9, a fait enqu\u00eate sur l\u2019histoire de l\u2019 \u00eele,<br \/>\na analys\u00e9 le rapport d\u2019inspection de CNC, a discut\u00e9 avec le<br \/>\npropri\u00e9taire de l\u2019 \u00eele et a communiqu\u00e9 avec d\u2019autres \u00e9valuateurs<br \/>\nqui lui ont fait part de leur exp\u00e9rience de l\u2019\u00e9valuation d\u2019\u00eeles. Il a<br \/>\n\u00e9galement fait grand usage d\u203aune publication en ligne intitul\u00e9e<br \/>\nPrivate Islands Inc. qui fournit une mine d\u2019informations \u00e0 jour<br \/>\nsur les \u00eeles priv\u00e9es \u00e0 vendre dans le monde entier. Il s\u2019est ensuite<br \/>\nrendu sur l\u2019 \u00eele pour effectuer une inspection sur place. <\/p>\n<p>\u00ab Vous pouvez regarder des photos et des cartes a\u00e9riennes autant<br \/>\nde fois que vous le voulez, dit Jan, mais je pense personnellement<br \/>\nqu\u2019il est important d\u2019explorer physiquement la propri\u00e9t\u00e9 : faire l\u2019aller-<br \/>\nretour, marcher le long du rivage, observer les bois et les marais,<br \/>\netc. Cela m\u2019a donn\u00e9 une bien meilleure id\u00e9e de la propri\u00e9t\u00e9 et de ce<br \/>\nqui la rendait unique. Cela m\u2019a permis d\u2019adopter une approche plus<br \/>\nqualitative pour d\u00e9terminer sa valeur. \u00bb  <\/p>\n<p>La m\u00eame th\u00e9orie s\u2019applique \u00e0 ses discussions avec le<br \/>\npropri\u00e9taire. \u00ab J\u2019ai pos\u00e9 des questions sur la fa\u00e7on dont la<br \/>\npropri\u00e9t\u00e9 a \u00e9t\u00e9 acquise; quels plans d\u2019am\u00e9nagement les<br \/>\npropri\u00e9taires avaient, ou ont peut-\u00eatre encore; ce qu\u2019ils ont fait <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 42 Return to CONTENTS<\/p>\n<p>LA PERSPECTIVE D\u2019UN \u00c9VALUATEUR PROFESSIONNEL<\/p>\n<p>de l\u2019 \u00eele depuis son acquisition; \u00e0 quelle fr\u00e9quence ont-ils visit\u00e9<br \/>\nla propri\u00e9t\u00e9; etc. Il est instructif d\u2019entendre ce qu\u2019un propri\u00e9taire<br \/>\navait pr\u00e9vu pour la propri\u00e9t\u00e9 lorsqu\u2019il l\u2019a acquise et ce qui s\u2019est<br \/>\nr\u00e9ellement pass\u00e9 au fil du temps. J\u2019ai vite compris que poss\u00e9der<br \/>\nune \u00eele n\u2019est pas toujours ce qu\u2019on croit. \u00bb <\/p>\n<p>Muni de toute l\u2019information pertinente qu\u2019il a pu recueillir et<br \/>\nexaminer, Jan a pr\u00e9par\u00e9 son rapport d\u2019\u00e9valuation et l\u2019a pr\u00e9sent\u00e9<br \/>\n\u00e0 CNC qui, \u00e0 son tour, a fait une offre au propri\u00e9taire. Une fois les<br \/>\nn\u00e9gociations avec le propri\u00e9taire termin\u00e9es et une entente sur la<br \/>\nvaleur conclue entre les deux parties, l\u2019entente a \u00e9t\u00e9 envoy\u00e9e \u00e0 un<br \/>\nComit\u00e9 d\u2019examen des \u00e9valuations (CEI), compos\u00e9 d\u2019\u00e9valuateurs<br \/>\nind\u00e9pendants qui travaillent sous contrat avec Environnement<br \/>\net changements climatiques Canada. En collaboration avec les<br \/>\nmembres d\u2019un comit\u00e9 d\u2019experts de partout au Canada, le CEI a la<br \/>\nresponsabilit\u00e9 d\u2019examiner les rapports d\u2019\u00e9valuation pr\u00e9sent\u00e9s au<br \/>\nProgramme de dons \u00e9cologiques et de faire des recommandations<br \/>\nau ministre quant \u00e0 la juste valeur marchande des dons<br \/>\n\u00e9cologiques faits en vertu de la Loi de l\u2019imp\u00f4t sur le revenu.<br \/>\nN\u2019ayant pas le pouvoir de conclure ou de rompre une entente, le<br \/>\nCEI s\u2019efforce de fournir au ministre des examens approfondis et <\/p>\n<p>des recommandations bien fond\u00e9es. Si un \u00e9valuateur a pr\u00e9par\u00e9<br \/>\nune \u00e9valuation conform\u00e9ment aux Lignes directrices relatives aux<br \/>\n\u00e9valuations, il n\u2019y a habituellement pas de probl\u00e8mes avec l\u2019examen<br \/>\nou la recommandation subs\u00e9quente. Dans le cas de Holman<br \/>\nIsland, puisque les int\u00e9r\u00eats de tous \u00e9taient bien repr\u00e9sent\u00e9s et<br \/>\nservis, l\u2019entente a \u00e9t\u00e9 conclue, CNC a acquis une autre propri\u00e9t\u00e9<br \/>\n\u00e9cologique importante et le propri\u00e9taire a re\u00e7u un cr\u00e9dit d\u2019imp\u00f4t<br \/>\nimportant pour la valeur convenue de la propri\u00e9t\u00e9. <\/p>\n<p>Les honoraires vers\u00e9s \u00e0 Jan par CNC pour ce projet avaient \u00e9t\u00e9<br \/>\nn\u00e9goci\u00e9s avant le d\u00e9but du contrat de service. La cl\u00e9, dit-il, c\u2019\u00e9tait<br \/>\nde valoriser vraiment son temps et l\u2019ensemble des comp\u00e9tences<br \/>\nqu\u2019il a d\u00fb apporter \u00e0 la table. \u00ab Bien qu\u2019il soit un organisme sans<br \/>\nbut lucratif, CNC comprenait l\u2019ampleur du travail n\u00e9cessaire \u00e0<br \/>\nla r\u00e9alisation d\u2019une \u00e9valuation aussi unique, dit Jan. J\u2019ai essay\u00e9<br \/>\nd\u2019\u00eatre aussi pr\u00e9cis que possible pour d\u00e9terminer combien de<br \/>\ntemps serait consacr\u00e9 \u00e0 ce projet et j\u2019ai \u00e9tabli un tarif qui me<br \/>\nd\u00e9dommageait de fa\u00e7on pr\u00e9cise et \u00e9quitable pour cela. Ce contrat<br \/>\nde service a bien fonctionn\u00e9 pour toutes les parties concern\u00e9es et<br \/>\nje serais certainement heureux d\u2019avoir l\u2019occasion d\u2019entreprendre<br \/>\nun travail similaire \u00e0 l\u2019avenir. \u00bb <\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 43Return to CONTENTS<\/p>\n<p>BY RAY BOWER, AACI, P.APP, FELLOW <\/p>\n<p>Member, AIC Adjudicating Sub-Committee<\/p>\n<p>(Special thanks to Vesa Jarvela, AACI, P.App and Michael Scichilone, AACI, P.App for their assistance in preparing this article.)<\/p>\n<p>Preparing for an<br \/>\nAdjudicating Hearing<\/p>\n<p>When an Appraisal Institute of Canada (AIC) Member has been complained<br \/>\nagainst and a Hearing has been<br \/>\nrequisitioned, that Member can defend his<br \/>\nor her position at the Hearing. The matter<br \/>\nis heard by an Adjudicating Hearing Panel,<br \/>\ntypically made up of three members of<br \/>\nthe Adjudicating Sub-Committee. The<br \/>\nPanel is empowered to weigh allegations<br \/>\nof misconduct, make findings, direct the<br \/>\nMember and impose sanctions.<\/p>\n<p>Before the Hearing takes place, the<br \/>\nMember being complained against has<br \/>\ntypically been involved with several levels<br \/>\nof the Professional Practice group. It is<br \/>\nthe AIC Regulations which govern the<br \/>\nadministration of a complaint matter.<br \/>\nCertain aspects of these Regulations are<br \/>\nworth noting when preparing for a Hearing.<\/p>\n<p>For example, when a Complaint is<br \/>\ninitiated, the Complaint itself is the initial<br \/>\nfocus of the investigation.1 However, during<br \/>\nthe Complaint Investigation, any other<br \/>\nissues arising, that are not otherwise<br \/>\npart of a Consumer Complaint, will be<br \/>\naddressed separate and apart from the<br \/>\nConsumer Complaint.2 The allegations<br \/>\nin the Complaint and any issues that<br \/>\narise from the investigation will all be<br \/>\naddressed at a hearing.<\/p>\n<p>The Adjudicating Hearing<\/p>\n<p>The Adjudicating Hearing is held in-<br \/>\ncamera, except on rare occasions when,<br \/>\nupon request or on its own initiative, the<br \/>\nPanel or the Panel Chair may direct that<br \/>\nall or part of the Hearing be open, unless<br \/>\nconcerns about public security or the<br \/>\npossible disclosure of intimate financial or<br \/>\npersonal matters, etc. outweigh the benefit<br \/>\nof holding a Hearing open to the public.3<\/p>\n<p>At the Adjudicating Hearing, on behalf<br \/>\nof the AIC, the AIC Professional Practice<br \/>\nAdvocate will summarize the findings of<br \/>\nthe investigation and outline any alleged<br \/>\nbreaches to the Canadian Uniform<br \/>\nStandards of Professional Appraisal<br \/>\nPractice (CUSPAP). The Member will<br \/>\nthen be given a chance to respond to the<br \/>\nallegations of breaches to CUSPAP. <\/p>\n<p>Preparing for a Hearing<\/p>\n<p>The most important part of a Member\u2019s<br \/>\npreparation for a Hearing is planning<br \/>\nwhat evidence will be needed to support<br \/>\nhis or her response to the allegations of<br \/>\nCUSPAP breaches.<\/p>\n<p>A Member\u2019s evidence can be:<br \/>\n\u2022 Oral testimony: The Member or the <\/p>\n<p>Member\u2019s witness answers questions<br \/>\nin person, or by teleconference. The<br \/>\nMember must provide notice of his<br \/>\nor her intention to bring a witness to <\/p>\n<p>a hearing not less than 30 days before<br \/>\nthe date of the hearing.<\/p>\n<p>\u2022 Documents: Documents can include<br \/>\nthe report, the Member\u2019s notes, photos,<br \/>\nwritten or emailed correspondence, or<br \/>\nanything of relevance in the Member\u2019s<br \/>\nworkfile. <\/p>\n<p>\u2022 Affidavits or other statements: A<br \/>\nwitness\u2019 evidence can be given to<br \/>\nthe Panel in writing. This can be a<br \/>\nstatement such as a letter or affidavit.<\/p>\n<p>\u2022 Expert evidence: Evidence from an<br \/>\nexpert may be oral testimony, an<br \/>\naffidavit, or a written report.<\/p>\n<p>The Adjudicating Panel can accept almost<br \/>\nany evidence that it deems relevant, which<br \/>\nmeans that it must relate to the complaint or<br \/>\nto the Member\u2019s response.<\/p>\n<p>New evidence, not previously provided<br \/>\nto the AIC through the course of its<br \/>\ninvestigation, may not be accepted.<\/p>\n<p>There are several steps that a Member<br \/>\nshould take to prepare a response for<br \/>\nthe Hearing.<br \/>\na. Make an outline<br \/>\n The best way to plan what evidence will be <\/p>\n<p>needed is to make an outline. The Member<br \/>\nshould start by re-reading the Complaint,<br \/>\ntheir responses to a Counsellor, an<br \/>\nAdvocate, and\/or an Investigator, etc.,<br \/>\nand the Hearing Requisition. The Member<br \/>\nshould list the allegations of breaches in <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 44 Return to CONTENTS<\/p>\n<p>PROFESSIONAL PRACTICE MATTERS<\/p>\n<p>the Hearing Requisition that they feel<br \/>\nshould be challenged and list the facts<br \/>\nand evidence to rebut them.<\/p>\n<p>b. Prepare the story<br \/>\n Tell the story in the order that the events <\/p>\n<p>actually occurred. Explain the story as<br \/>\nthough it was being told to another person<br \/>\nwho does not know the people involved.<br \/>\nMake a list of the points to be covered.<\/p>\n<p>c. Prepare witnesses<br \/>\n The Member can call and examine <\/p>\n<p>witnesses, present evidence and<br \/>\nsubmissions, and conduct cross-<br \/>\nexamination of witnesses as reasonably<br \/>\nrequired for a full and fair disclosure of<br \/>\nall matters relevant to the issues in the<br \/>\nComplaint Investigation4 and the allegations<br \/>\nof breaches in the Hearing Requisition.<\/p>\n<p>      A witness may be a person who<br \/>\nparticipated in the preparation of the report.<br \/>\nThere may be people who can confirm the<br \/>\nMember\u2019s version of events, or who wrote<br \/>\nletters or notes that support the Member\u2019s<br \/>\nposition. Witnesses with direct knowledge of<br \/>\nthe facts will provide evidence that is more<br \/>\nreliable. This will help the Member more<br \/>\nthan evidence from people who can only tell<br \/>\nwhat they heard from someone else.<\/p>\n<p>      At the Hearing, the witness should be<br \/>\nasked the questions that help support<br \/>\nthe Member\u2019s response to the allegation<br \/>\nof breaches. This is called direct<br \/>\nexamination. The Member should think<br \/>\ncarefully about the questions to be<br \/>\nasked and write them down.<\/p>\n<p>      Questions that suggest the \u2018right\u2019<br \/>\nanswer are called \u2018leading questions,\u2019 and<br \/>\nthe other party can object. Instead, ask<br \/>\n\u2018open questions\u2019 that allow the witness to<br \/>\nput their evidence in their own words.<\/p>\n<p>      For example, do not ask, \u201cDid you hear<br \/>\nthe complainant tell me that she would<br \/>\nnot agree to any solutions I suggested<br \/>\nto deal with her concerns?\u201d It calls for<br \/>\na simple yes or no answer and does<br \/>\nnot provide an opportunity for further<br \/>\nexplanation. Instead ask, \u201cDid you hear<br \/>\nthe complainant say anything to me<br \/>\nwhen we met at the office?\u201d If the answer<br \/>\nis \u201cyes,\u201d then ask, \u201cWhat did she say?\u201d<\/p>\n<p>      Once the witness questions have been<br \/>\ndecided, the Member should go over them<br \/>\nwith the witness before the Hearing. <\/p>\n<p>d. Prepare and submit documents for<br \/>\ninclusion in the Hearing Brief<\/p>\n<p> A Member will be provided with a copy of<br \/>\nthe Hearing Brief at least 60 days prior<br \/>\nto the Hearing and will be invited to make<br \/>\nsubmissions for inclusion in the Hearing<br \/>\nBrief not less than 30 days before the<br \/>\nHearing date. A Member should decide<br \/>\nwhat documents to submit. <\/p>\n<p>      There may be documents such as a<br \/>\nletters or memos that will support the<br \/>\nMember\u2019s response, and the best person<br \/>\nto tell the Panel about them is the person<br \/>\nwho wrote or received them. That person<br \/>\ncan identify the document by saying they<br \/>\nwrote it, signed it, or received it.<\/p>\n<p>      The documents submitted by the<br \/>\nMember will be included in the Hearing<br \/>\nBrief that the Panel considers.<\/p>\n<p>e. Decide if legal representation is<br \/>\nwanted\/needed<\/p>\n<p> A Member may decide that he or she<br \/>\nwishes to be represented by a lawyer<br \/>\nat a hearing. If the Member chooses to<br \/>\nhave legal representation, notice of such<br \/>\nintention must be must provided not less<br \/>\nthan 30 days before the date of the hearing.<\/p>\n<p>      An Advocate may then choose to<br \/>\nbring a lawyer to a Hearing as well.<\/p>\n<p>f. Decide if expert evidence is required<br \/>\n A Member may want to have an expert <\/p>\n<p>witness give evidence. The Panel will<br \/>\naccept a witness as an expert if they<br \/>\nhave specialized knowledge because of<br \/>\ntheir education or experience.<\/p>\n<p>      If an expert witness is needed, the<br \/>\nMember must provide notice of the<br \/>\nintention to have an expert witness at<br \/>\nthe Hearing not less than 30 days prior<br \/>\nto the scheduled Hearing.5<\/p>\n<p>g. Write out an opening statement<br \/>\n Before the evidence, the Panel Chair <\/p>\n<p>will give the Advocate and the Member a<br \/>\nchance to make an opening statement.<br \/>\nIn the opening statement, tell what<br \/>\nwitnesses will be called and what facts<br \/>\nare to be proven.<\/p>\n<p>h. Do additional CUSPAP research,<br \/>\nif necessary<\/p>\n<p> Professional Practice Committees<br \/>\nfocus on CUSPAP. A Member should<br \/>\nmake sure he or she fully understands<br \/>\nthe Standard Rules and Comments on<br \/>\nthe areas that are being challenged.<\/p>\n<p>The Hearing<\/p>\n<p>The Panel Chair will start by explaining the<br \/>\nprocess to be followed, as outlined below:<\/p>\n<p>Introductions: The Panel Chair will ask<br \/>\nthe participants to introduce themselves.<\/p>\n<p>Preliminary matters: The Panel will deal<br \/>\nwith any preliminary matters that the<br \/>\nparticipants raise.<\/p>\n<p>Opening statements: The Chair will<br \/>\nask the participants to make their<br \/>\nopening statements. The Advocate goes<br \/>\nfirst. The Member may go next, or may<br \/>\nwant to wait until the Advocate\u2019s evidence<br \/>\nis finished.<\/p>\n<p>The evidence: The Chair will ask the<br \/>\nAdvocate to present the AIC\u2019s position.<br \/>\nThe Advocate may call witnesses. After<br \/>\neach witness is finished, the Member can<br \/>\ncross-examine them.<\/p>\n<p>When the Advocate has finished, the<br \/>\nChair will ask the Member to start. The<br \/>\nMember will usually be the first witness<br \/>\nand they may call other witnesses.<\/p>\n<p>If the Member has raised something new,<br \/>\nthe Chair may give the Advocate a chance<br \/>\nto respond or submit another relevant<br \/>\ndocument (called rebuttal evidence).<\/p>\n<p>Witnesses wait outside: Except for the<br \/>\nAdvocate and Member, witnesses usually<br \/>\nwait outside the hearing room until they<br \/>\ngive their evidence.<\/p>\n<p>Solemn promise: The Chair will ask the<br \/>\nwitness to sit in the witness chair and a<br \/>\nCommissioner of Oaths will ask them to<br \/>\nsolemnly swear an oath or affirm to tell<br \/>\nthe truth.<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 45Return to CONTENTS<\/p>\n<p>PROFESSIONAL PRACTICE MATTERS<\/p>\n<p>The witnesses\u2019 evidence: If the Member<br \/>\nhas a lawyer, the lawyer usually asks<br \/>\nquestion of both the Member and any<br \/>\nwitnesses. If unrepresented, the Member<br \/>\ngives evidence by telling the Panel their<br \/>\nstory. If a witness is called, they give<br \/>\nevidence by answering the Member\u2019s<br \/>\nquestions. This is the direct examination.<\/p>\n<p>Documents: The Member will have<br \/>\nsubmitted any documents that are relevant<br \/>\nto the case for inclusion in the Hearing<br \/>\nBrief. If a witness is the best person to tell<br \/>\nthe Panel about a document, the witness<br \/>\nis asked to identify the document and then<br \/>\nanswer questions about it.<\/p>\n<p>Where the documents appear in the<br \/>\nHearing Brief should be noted so that the<br \/>\nparticipants can quickly refer to them.<\/p>\n<p>Cross-examination: After a witness tells<br \/>\nhis or her story, a Panel member may ask<br \/>\nthem to answer questions asked by the<br \/>\nother participant or their lawyer or agent.<br \/>\nThis is called cross-examination. Leading<br \/>\nquestions that suggest the right answer<br \/>\nare allowed in cross-examination.<\/p>\n<p>Reply: A Panel member will ask if there<br \/>\nare any more questions about new matters<br \/>\nraised in cross-examination. These<br \/>\nquestions are called the reply, at which<br \/>\ntime additional comments can be made.<\/p>\n<p>Panel questions: A Panel member may<br \/>\nalso ask the witness questions to make<br \/>\nsure they understood the evidence. Then,<br \/>\nthe participants will be given a chance to<br \/>\nask any questions that are connected to<br \/>\nthese questions.<\/p>\n<p>Objections: If a participant believes that<br \/>\nthe Panel should not accept certain<br \/>\nevidence, they can object by interrupting<br \/>\nthe proceedings. The most common<br \/>\nreason for an objection is that the<br \/>\ninformation is not relevant to the case.<\/p>\n<p>Both participants will have an<br \/>\nopportunity to explain the reasons for<br \/>\nan objection, and will both have an <\/p>\n<p>opportunity to respond to what the other<br \/>\nparty has said.<\/p>\n<p>After listening to what the participants<br \/>\nhave to say, the Adjudicating Panel will<br \/>\n\u2018rule\u2019 on the objection, i.e., decide whether<br \/>\nto accept or reject the evidence.<\/p>\n<p>Closing argument: After all the witnesses<br \/>\nare finished, the Panel Chair will ask each<br \/>\nparticipant to make a closing argument.<\/p>\n<p>A closing argument briefly summarizes<br \/>\nthe evidence that the Panel has heard at<br \/>\nthe hearing that supports their position.<\/p>\n<p>A closing argument can be written out<br \/>\nand read to the Panel or it can be handed-in.<\/p>\n<p>If you are representing yourself at a<br \/>\nhearing, the Panel will understand that<br \/>\nyou cannot be expected to present a<br \/>\nlegal argument that would typically be<br \/>\npresented by a lawyer. <\/p>\n<p>Tell the Panel why you think the AIC<br \/>\nhas not proved an allegation of a CUSPAP<br \/>\nbreach. Finish by re-stating your position<br \/>\non the complaint matter.<\/p>\n<p>The Decision<\/p>\n<p>After the closing arguments, the<br \/>\nAdjudicating Panel will likely adjourn to<br \/>\nwrite a decision setting out reasons for the<br \/>\ndecision. Wherever possible, the decision<br \/>\nmust be issued within 60 days of the<br \/>\nHearing. The Adjudicating Sub-Committee<br \/>\nis empowered to impose any one or more<br \/>\nsanctions and make an award of costs.<\/p>\n<p>The standard of review to be applied<br \/>\nwhen considering alleged breaches<br \/>\nof CUSPAP is that of the Reasonable<br \/>\nAppraiser.6 The standard of review to be<br \/>\napplied when considering alleged breaches<br \/>\nof the Institute Bylaws, Regulations and<br \/>\nPolicies is Reasonable Belief.7<\/p>\n<p>The Adjudicating Sub-Committee can<br \/>\ndismiss the Complaint on the basis that the<br \/>\ngrounds of the Complaint have not been<br \/>\nestablished. It should be noted that, in the<br \/>\ncase of a complaint made by a Member<br \/>\nagainst another Member, if the complaint is<br \/>\ndismissed, the Panel may refer the matter<br \/>\nto the Advocate for review and further<br \/>\naction as deemed appropriate.8<\/p>\n<p>Outcome to the Complainant: A Complainant<br \/>\nwill receive a notice of the outcome of a<br \/>\ncomplaint file only if they have signed and<br \/>\nsubmitted a Consent Form to AIC. The<br \/>\nnotice of outcome will address only the<br \/>\ncomplaint allegations.  <\/p>\n<p>Summary<\/p>\n<p>Preparing for an Adjudicating Hearing can<br \/>\nbe stressful. To ease that burden, a Member<br \/>\ncan do his or her utmost to be prepared. A<br \/>\nhearing can often be a collaborative event<br \/>\nwith all participants striving to uncover the<br \/>\nfacts of the matter and to reach the most<br \/>\nproductive outcome. During the Hearing,<br \/>\npresent the case thoughtfully, speaking<br \/>\nas clearly and concisely as possible. On<br \/>\nquestioning, be co-operative and, above all<br \/>\nelse, be honest.<\/p>\n<p>Remember, one of the hallmarks of<br \/>\na respected and trusted self-regulated<br \/>\norganization is the professional conduct and<br \/>\ncompetence of its members. To ensure those<br \/>\nstandards are met, we must be prepared<br \/>\nto deal with the eventuality of complaints<br \/>\nagainst Members \u2013 and to remedy shortfalls<br \/>\nin a Member\u2019s conduct and competence.<\/p>\n<p>The Adjudicating Sub-Committee acts as an<br \/>\nindependent tribunal. It will weigh information<br \/>\nfrom all participants involved. Their decisions<br \/>\nare made to protect the public, the reputation<br \/>\nof the Institute and its Members.<\/p>\n<p>End notes<br \/>\n1 Consolidated Regulations (2014) of the <\/p>\n<p>Appraisal Institute of Canada \u2013 5.7<br \/>\n2 Consolidated Regulations (2014) of the <\/p>\n<p>Appraisal Institute of Canada \u2013 5.8<br \/>\n3 Consolidated Regulations (2014) of the <\/p>\n<p>Appraisal Institute of Canada \u2013 5.111<br \/>\n4 Consolidated Regulations (2014) of the <\/p>\n<p>Appraisal Institute of Canada \u2013 5.96.1<br \/>\n5 Consolidated Regulations (2014) of the <\/p>\n<p>Appraisal Institute of Canada \u2013 5.97.1<br \/>\n6 Consolidated Regulations (2014) of the <\/p>\n<p>Appraisal Institute of Canada \u2013 5.56.1<br \/>\n7 Consolidated Regulations (2014) of the <\/p>\n<p>Appraisal Institute of Canada \u2013 5.96.2<br \/>\n8 Consolidated Regulations (2014) of the <\/p>\n<p>Appraisal Institute of Canada \u2013 5.9.1 <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 46 Return to CONTENTS<\/p>\n<p>Lorsqu\u2019un membre de l\u2019Institut canadien des \u00e9valuateurs (ICE) a fait l\u2019objet d\u2019une plainte et qu\u2019une audience a \u00e9t\u00e9 convoqu\u00e9e,<br \/>\nce membre peut d\u00e9fendre sa position \u00e0<br \/>\nl\u2019audience. L\u2019affaire est entendue par un<br \/>\npanel d\u2019audience d\u2019arbitrage, g\u00e9n\u00e9ralement<br \/>\ncompos\u00e9 de trois membres du sous-comit\u00e9<br \/>\nd\u2019arbitrage. Le sous-comit\u00e9 a le pouvoir<br \/>\nd\u2019\u00e9valuer les all\u00e9gations d\u2019inconduite, de<br \/>\nformuler des conclusions, de donner des<br \/>\ndirectives au membre et d\u2019imposer des<br \/>\nsanctions. <\/p>\n<p>Avant l\u2019audience, le membre faisant<br \/>\nl\u2019objet de la plainte a g\u00e9n\u00e9ralement \u00e9t\u00e9 en<br \/>\ncontact avec plusieurs niveaux du groupe de<br \/>\npratique professionnelle. L\u2019administration<br \/>\nd\u2019une plainte est r\u00e9gie par les R\u00e8glements<br \/>\nde l\u2019ICE. Certains aspects de ces r\u00e8glements<br \/>\nm\u00e9ritent d&rsquo;\u00eatre consult\u00e9s lors de la<br \/>\npr\u00e9paration \u00e0 une audience. <\/p>\n<p>Par exemple, lorsqu\u2019une plainte est<br \/>\nd\u00e9pos\u00e9e, la plainte elle-m\u00eame constitue<br \/>\nl\u2019objet initial de l\u2019enqu\u00eate.1 Toutefois, au<br \/>\ncours de l\u2019enqu\u00eate sur la plainte, toute autre<br \/>\nquestion soulev\u00e9e qui ne fait pas autrement<br \/>\npartie d\u2019une plainte d\u2019un consommateur<br \/>\nsera trait\u00e9e s\u00e9par\u00e9ment et ind\u00e9pendamment<br \/>\nde la plainte du consommateur.2 Les<br \/>\nall\u00e9gations contenues dans la plainte et<br \/>\ntoute question d\u00e9coulant de l\u2019enqu\u00eate seront<br \/>\ntoutes examin\u00e9es au cours d\u2019une audience.<\/p>\n<p>L\u2019audience d\u2019arbitrage <\/p>\n<p>L\u2019audience d\u2019arbitrage se tient \u00e0 huis clos,<br \/>\nsauf dans de rares cas o\u00f9, sur demande<br \/>\nou de sa propre initiative, le panel ou le<br \/>\npr\u00e9sident du panel peut ordonner que toute<br \/>\nou une partie de l\u2019audience soit publique, \u00e0<br \/>\nmoins que les pr\u00e9occupations concernant la<br \/>\ns\u00e9curit\u00e9 publique ou la divulgation possible<br \/>\nde questions financi\u00e8res ou personnelles<br \/>\nintimes, etc. l\u2019emportent sur les avantages<br \/>\nde tenir une audience ouverte au public.3<\/p>\n<p>Lors de l\u2019audience d\u2019arbitrage, le<br \/>\nm\u00e9diateur de la Pratique professionnelle de<br \/>\nl\u2019ICE r\u00e9sumera les conclusions de l&rsquo;enqu\u00eate<br \/>\net soulignera toute infraction pr\u00e9sum\u00e9e<br \/>\naux Normes uniformes de pratique<br \/>\nprofessionnelle en mati\u00e8re d\u2019\u00e9valuation<br \/>\nau Canada (NUPPEC), au nom de l\u2019ICE. Le<br \/>\nmembre aura alors l\u2019occasion de r\u00e9pondre<br \/>\naux all\u00e9gations d\u2019infractions aux NUPPEC.  <\/p>\n<p>Pr\u00e9paration en vue d\u2019une audience <\/p>\n<p>La partie la plus importante de la pr\u00e9paration<br \/>\nd\u2019un membre \u00e0 une audience consiste \u00e0<br \/>\nplanifier les \u00e9l\u00e9ments de preuve qui seront<br \/>\nn\u00e9cessaires pour appuyer sa r\u00e9ponse aux<br \/>\nall\u00e9gations d\u2019infractions aux NUPPEC. <\/p>\n<p>Le t\u00e9moignage d\u2019un membre peut \u00eatre :<br \/>\n\u2022 T\u00e9moignage oral : Le membre ou le <\/p>\n<p>t\u00e9moin du membre r\u00e9pond aux questions<br \/>\nen personne ou par t\u00e9l\u00e9conf\u00e9rence. Le<br \/>\nmembre doit donner avis de son intention <\/p>\n<p>d\u2019amener un t\u00e9moin \u00e0 une audience au<br \/>\nmoins 30 jours avant la date de l\u2019audience.<\/p>\n<p>\u2022 Documents : Les documents peuvent<br \/>\ncomprendre le rapport, les notes<br \/>\ndu membre, des photos, de la<br \/>\ncorrespondance \u00e9crite ou par courriel<br \/>\nou tout autre document pertinent au<br \/>\ndossier de travail du membre. <\/p>\n<p>\u2022 Affidavits ou autres d\u00e9clarations :<br \/>\nLa d\u00e9position d\u2019un t\u00e9moin peut \u00eatre<br \/>\npr\u00e9sent\u00e9e par \u00e9crit au panel. Il peut s\u2019agir<br \/>\nd\u2019une d\u00e9claration comme une lettre ou<br \/>\nun affidavit. <\/p>\n<p>\u2022 T\u00e9moignage d\u2019expert : Le t\u00e9moignage<br \/>\nd\u2019un expert peut prendre la forme d\u2019un<br \/>\nt\u00e9moignage oral, d\u2019un affidavit ou d\u2019un<br \/>\nrapport \u00e9crit. <\/p>\n<p>Le panel d\u2019arbitrage peut accepter presque<br \/>\ntous les \u00e9l\u00e9ments de preuve qu\u2019il juge<br \/>\npertinents, ce qui signifie que ces \u00e9l\u00e9ments<br \/>\nde preuve doivent se rapporter \u00e0 la plainte ou<br \/>\n\u00e0 la r\u00e9ponse du membre.<\/p>\n<p>De nouveaux \u00e9l\u00e9ments de preuve, qui<br \/>\nn\u2019avaient pas \u00e9t\u00e9 fournis ant\u00e9rieurement \u00e0<br \/>\nl\u2019ICE dans le cadre de son enqu\u00eate, peuvent<br \/>\nne pas \u00eatre accept\u00e9s.<\/p>\n<p>Il y a plusieurs \u00e9tapes qu\u2019un membre<br \/>\ndevrait suivre pour pr\u00e9parer une r\u00e9ponse en<br \/>\nvue de l\u2019audience.<br \/>\na. \u00c9tablir un plan d&rsquo;ensemble<br \/>\n La meilleure fa\u00e7on de planifier les donn\u00e9es <\/p>\n<p>probantes n\u00e9cessaires est d\u2019en tracer <\/p>\n<p>PAR RAY BOWER, AACI, P.APP, FELLOW<\/p>\n<p>Membre du sous-comit\u00e9 d\u2019arbitrage<\/p>\n<p>(Remerciements sp\u00e9ciaux \u00e0 Vesa Jarvela, AACI, P.App et Michael Scichilone, AACI, P.App pour leur aide dans la pr\u00e9paration de cet article.)<\/p>\n<p>Se pr\u00e9parer \u00e0 une<br \/>\naudience d\u2019arbitrage<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 47Return to CONTENTS<\/p>\n<p>PARLONS DE LA PRATIQUE PROFESSIONNELLE<\/p>\n<p>les grandes lignes. Le membre devrait<br \/>\ncommencer par relire la plainte, ses<br \/>\nr\u00e9ponses \u00e0 un conseiller, \u00e0 un avocat, \u00e0<br \/>\nun enqu\u00eateur, etc., et la convocation de<br \/>\nl\u2019audience. Le membre devrait dresser<br \/>\nla liste des all\u00e9gations de manquements<br \/>\ndans la convocation de l\u2019audience qui,<br \/>\nselon lui, devraient \u00eatre contest\u00e9es et<br \/>\ndresser la liste des faits et des preuves<br \/>\npour r\u00e9futer ces all\u00e9gations. <\/p>\n<p>b. Pr\u00e9parer l\u2019historique<br \/>\n Raconter l\u2019histoire dans l\u2019ordre <\/p>\n<p>chronologique dans lequel les \u00e9v\u00e9nements<br \/>\nse sont r\u00e9ellement produits. Expliquer<br \/>\nl\u2019histoire comme si elle \u00e9tait racont\u00e9e \u00e0<br \/>\nune autre personne qui ne conna\u00eet pas les<br \/>\npersonnes impliqu\u00e9es. Dresser une liste<br \/>\ndes points \u00e0 couvrir.<\/p>\n<p>c. Pr\u00e9parer les t\u00e9moins<br \/>\n Le membre peut convoquer et interroger <\/p>\n<p>des t\u00e9moins, pr\u00e9senter des \u00e9l\u00e9ments de<br \/>\npreuve et des observations et proc\u00e9der<br \/>\nau contre-interrogatoire des t\u00e9moins,<br \/>\nselon ce qui est raisonnablement requis<br \/>\npour une divulgation compl\u00e8te et juste de<br \/>\ntoutes les questions relatives aux points<br \/>\nsoulev\u00e9s dans l\u2019enqu\u00eate sur la plainte<br \/>\net aux all\u00e9gations d\u2019infractions dans la<br \/>\nconvocation de l\u2019audience.<\/p>\n<p>      Un t\u00e9moin peut \u00eatre une personne qui<br \/>\na particip\u00e9 \u00e0 la pr\u00e9paration du rapport. Il<br \/>\npeut y avoir des personnes qui peuvent<br \/>\nconfirmer la version des \u00e9v\u00e9nements du<br \/>\nmembre ou qui ont \u00e9crit des lettres ou des<br \/>\nnotes qui appuient la position du membre.<br \/>\nLes t\u00e9moins ayant une connaissance<br \/>\ndirecte des faits fourniront des \u00e9l\u00e9ments<br \/>\nde preuve plus fiables. Cela aidera le<br \/>\nmembre bien plus que des t\u00e9moignages<br \/>\nde personnes qui ne peuvent dire que ce<br \/>\nqu\u2019elles ont entendu de quelqu\u2019un d\u2019autre.<\/p>\n<p>      Lors de l\u2019audience, on devrait poser au<br \/>\nt\u00e9moin les questions qui l\u2019aideront \u00e0 \u00e9tayer<br \/>\nsa r\u00e9ponse \u00e0 l\u2019all\u00e9gation d\u2019infractions.<br \/>\nC\u2019est ce qu\u2019on appelle l\u2019examen direct. Le<br \/>\nmembre devrait r\u00e9fl\u00e9chir soigneusement<br \/>\naux questions \u00e0 poser et les noter.  <\/p>\n<p>      Les questions qui sugg\u00e8rent la<br \/>\n\u00ab bonne \u00bb r\u00e9ponse sont appel\u00e9es<br \/>\n\u00ab questions tendancieuses \u00bb et l\u2019autre<br \/>\npartie peut s\u2019y opposer. Posez plut\u00f4t des<br \/>\n\u00ab questions ouvertes \u00bb qui permettent au<br \/>\nt\u00e9moin de pr\u00e9senter son t\u00e9moignage dans<br \/>\nses propres mots. <\/p>\n<p>      Par exemple, ne demandez pas :<br \/>\n\u00ab Avez-vous entendu la plaignante me<br \/>\ndire qu\u2019elle n\u2019accepterait pas les solutions<br \/>\nque j\u2019ai propos\u00e9es pour r\u00e9pondre \u00e0 ses<br \/>\npr\u00e9occupations? \u00bb Cette question appelle<br \/>\nune simple r\u00e9ponse par oui ou par non<br \/>\net ne donne pas l\u2019occasion de fournir des<br \/>\nexplications suppl\u00e9mentaires. Demandez<br \/>\nplut\u00f4t : \u00ab Avez-vous entendu la plaignante<br \/>\nme dire quelque chose lors de notre<br \/>\nrencontre au bureau? \u00bb Si la r\u00e9ponse est<br \/>\n\u00ab oui \u00bb, demandez-lui : \u00ab Qu\u2019a-t-elle dit? \u00bb <\/p>\n<p>      Une fois que les questions \u00e0 poser<br \/>\naux t\u00e9moins ont \u00e9t\u00e9 retenues, le membre<br \/>\ndevrait les passer en revue avec le t\u00e9moin<br \/>\navant l\u2019audience.   <\/p>\n<p>d. Pr\u00e9parer et soumettre les documents \u00e0<br \/>\ninclure dans le m\u00e9moire d\u2019audience <\/p>\n<p> Un membre recevra une copie du m\u00e9moire<br \/>\nd\u2019audience au moins 60 jours avant<br \/>\nl\u2019audience et sera invit\u00e9 \u00e0 pr\u00e9senter des<br \/>\nobservations \u00e0 inclure dans le m\u00e9moire<br \/>\nd\u2019audience pas moins de 30 jours avant<br \/>\nla date de l\u2019audience. Un membre devrait<br \/>\nd\u00e9cider quels documents soumettre. <\/p>\n<p>      Il peut y avoir des documents comme<br \/>\ndes lettres ou des notes de service qui<br \/>\nappuient la r\u00e9ponse du membre, et la<br \/>\nmeilleure personne pour en parler devant<br \/>\nle panel est la personne qui les a \u00e9crites<br \/>\nou re\u00e7ues. Cette personne peut identifier le<br \/>\ndocument en disant qu\u2019elle l\u2019a \u00e9crit, sign\u00e9<br \/>\nou re\u00e7u.<\/p>\n<p>      Les documents soumis par le membre<br \/>\nseront inclus dans le m\u00e9moire d\u2019audience<br \/>\nque le panel examinera. <\/p>\n<p>e. D\u00e9cider si une repr\u00e9sentation juridique<br \/>\nest souhait\u00e9e\/n\u00e9cessaire <\/p>\n<p> Un membre peut d\u00e9cider qu\u2019il souhaite<br \/>\nse faire repr\u00e9senter par un avocat \u00e0 une<br \/>\naudience. Si le membre choisit d\u2019\u00eatre<br \/>\nrepr\u00e9sent\u00e9 par un avocat, un avis de cette<br \/>\nintention doit \u00eatre donn\u00e9 au moins 30 jours<br \/>\navant la date de l\u2019audience.<\/p>\n<p>      Un m\u00e9diateur peut alors choisir<br \/>\nd\u2019amener aussi un avocat \u00e0 l\u2019audience. <\/p>\n<p>f. D\u00e9cider si une preuve d\u2019expert est requise<br \/>\n Un membre peut demander \u00e0 un t\u00e9moin <\/p>\n<p>expert de t\u00e9moigner. Le comit\u00e9 acceptera<br \/>\nun t\u00e9moin \u00e0 titre d\u2019expert s\u2019il poss\u00e8de des<br \/>\nconnaissances sp\u00e9cialis\u00e9es en raison de<br \/>\nses \u00e9tudes ou de son exp\u00e9rience.<\/p>\n<p>      Si un t\u00e9moin expert est n\u00e9cessaire, le<br \/>\nmembre doit donner avis de son intention <\/p>\n<p>d\u2019avoir un t\u00e9moin expert \u00e0 l\u2019audience au<br \/>\nmoins 30 jours avant l\u2019audience pr\u00e9vue.4<\/p>\n<p>g. R\u00e9diger une d\u00e9claration liminaire<br \/>\n Avant la pr\u00e9sentation de la preuve, le  <\/p>\n<p>pr\u00e9sident du panel donnera au m\u00e9diateur<br \/>\net au membre l\u2019occasion de faire une<br \/>\nd\u00e9claration liminaire. Dans la d\u00e9claration<br \/>\nliminaire, dites quels t\u00e9moins seront<br \/>\nappel\u00e9s et quels faits doivent \u00eatre prouv\u00e9s. <\/p>\n<p>h. Effectuer d\u2019autres recherches des NUPPEC,<br \/>\nau besoin <\/p>\n<p> Les comit\u00e9s de Pratique professionnelle se<br \/>\nconcentrent sur les NUPPEC. Un membre doit<br \/>\ns\u2019assurer qu\u2019il comprend bien les r\u00e8gles et les<br \/>\ncommentaires relatifs aux Normes dans les<br \/>\ndomaines qui font l\u2019objet de contestations. <\/p>\n<p>L\u2019audience <\/p>\n<p>Le pr\u00e9sident du panel commencera par<br \/>\nexpliquer le processus \u00e0 suivre, tel qu\u2019il est<br \/>\nd\u00e9crit ci-dessous : <\/p>\n<p>Pr\u00e9sentations : Le pr\u00e9sident du panel<br \/>\ndemandera aux participants de se pr\u00e9senter.<\/p>\n<p>Questions pr\u00e9liminaires : Le panel traitera<br \/>\nde toute question pr\u00e9liminaire soulev\u00e9e par<br \/>\nles participants. <\/p>\n<p>D\u00e9clarations liminaires : Le pr\u00e9sident<br \/>\ndemandera aux participants de faire leur<br \/>\nd\u00e9claration liminaire. Le m\u00e9diateur passe<br \/>\nen premier. Le membre peut ensuite faire<br \/>\nsa d\u00e9claration ou attendre jusqu\u2019\u00e0 ce que le<br \/>\nm\u00e9diateur ait pr\u00e9sent\u00e9 toute ses preuves.<\/p>\n<p>Les preuves : Le pr\u00e9sident demandera au<br \/>\nm\u00e9diateur de pr\u00e9senter la position de l\u2019ICE. Le<br \/>\nm\u00e9diateur peut appeler des t\u00e9moins. Une fois<br \/>\nque chaque t\u00e9moin a termin\u00e9 sa d\u00e9position, le<br \/>\nmembre peut le contre-interroger.<\/p>\n<p>Lorsque le m\u00e9diateur a termin\u00e9, le pr\u00e9sident<br \/>\ndemandera au membre de commencer. Le<br \/>\nmembre est habituellement le premier t\u00e9moin<br \/>\net il peut appeler d\u2019autres t\u00e9moins.<\/p>\n<p>Si le membre a soulev\u00e9 quelque chose de<br \/>\nnouveau, le pr\u00e9sident peut donner au m\u00e9diateur la<br \/>\npossibilit\u00e9 de r\u00e9pondre ou de pr\u00e9senter un autre<br \/>\ndocument pertinent (appel\u00e9 contre-preuve). <\/p>\n<p>Les t\u00e9moins attendent dehors : \u00c0 l&rsquo;exception du<br \/>\nm\u00e9diateur et du membre, les t\u00e9moins attendent<br \/>\nhabituellement \u00e0 l\u2019ext\u00e9rieur de la salle d\u2019audience<br \/>\njusqu\u2019\u00e0 ce qu\u2019ils soient invit\u00e9s \u00e0 t\u00e9moigner. <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 48 Return to CONTENTS<\/p>\n<p>PARLONS DE LA PRATIQUE PROFESSIONNELLE<\/p>\n<p>Promesse solennelle : Le pr\u00e9sident demandera<br \/>\nau t\u00e9moin de s\u2019asseoir \u00e0 la place qui lui est<br \/>\nd\u00e9sign\u00e9e et un commissaire aux serments lui<br \/>\ndemandera de pr\u00eater serment ou de confirmer<br \/>\nsolennellement qu\u2019il dit la v\u00e9rit\u00e9.<\/p>\n<p>La d\u00e9position des t\u00e9moins : Si le membre a<br \/>\nun avocat, l\u2019avocat pose habituellement des<br \/>\nquestions au membre et aux t\u00e9moins. S\u2019il<br \/>\nn\u2019est pas repr\u00e9sent\u00e9 par un avocat, le membre<br \/>\nt\u00e9moigne en racontant son histoire au panel. Si<br \/>\nun t\u00e9moin est appel\u00e9 \u00e0 t\u00e9moigner, il t\u00e9moigne<br \/>\nen r\u00e9pondant aux questions du membre. C\u2019est<br \/>\nce qu\u2019on appelle l\u2019examen direct. <\/p>\n<p>Documents : Le membre aura soumis tous les<br \/>\ndocuments pertinents \u00e0 l\u2019affaire en vue de leur<br \/>\ninclusion dans le m\u00e9moire d\u2019audience. Si un<br \/>\nt\u00e9moin est la meilleure personne pour parler<br \/>\nd\u2019un document devant le panel, on lui demande<br \/>\nd\u2019identifier le document et de r\u00e9pondre \u00e0 des<br \/>\nquestions \u00e0 son sujet. <\/p>\n<p>L\u2019endroit o\u00f9 les documents figurent dans le<br \/>\nm\u00e9moire d\u2019audience devrait \u00eatre not\u00e9 afin que<br \/>\nles participants puissent s\u2019y r\u00e9f\u00e9rer rapidement. <\/p>\n<p>Contre-interrogatoire : Apr\u00e8s qu\u2019un t\u00e9moin<br \/>\na racont\u00e9 son histoire, un membre du panel<br \/>\npeut lui demander de r\u00e9pondre aux questions<br \/>\npos\u00e9es par l\u2019autre participant ou son avocat<br \/>\nou agent. C\u2019est ce qu\u2019on appelle le contre-<br \/>\ninterrogatoire. Les questions tendancieuses<br \/>\nqui sugg\u00e8rent la bonne r\u00e9ponse sont permises<br \/>\ndans un contre-interrogatoire. <\/p>\n<p>R\u00e9ponse : Un membre du panel demandera<br \/>\ns\u2019il y a d\u2019autres questions au sujet de<br \/>\nnouveaux points soulev\u00e9s au cours du contre-<br \/>\ninterrogatoire. Ces questions s\u2019appellent la<br \/>\nr\u00e9ponse, \u00e0 la suite de quoi des commentaires<br \/>\nsuppl\u00e9mentaires peuvent \u00eatre faits. <\/p>\n<p>Questions du panel : Un membre du panel peut<br \/>\n\u00e9galement poser des questions aux t\u00e9moins<br \/>\npour s\u2019assurer qu\u2019ils ont bien compris la preuve.<br \/>\nEnsuite, les participants auront l\u2019occasion de<br \/>\nposer toutes les questions qui s\u2019y rapportent.<\/p>\n<p>Objections : Si un participant croit que le panel<br \/>\nne devrait pas accepter certains \u00e9l\u00e9ments de<br \/>\npreuve, il peut s\u2019y opposer en interrompant<br \/>\nles proc\u00e9dures. La raison la plus courante<br \/>\nd\u2019une objection est que l\u2019information n\u2019est pas<br \/>\npertinente en l\u2019esp\u00e8ce.<\/p>\n<p>Les deux participants auront l\u2019occasion<br \/>\nd\u2019expliquer les raisons d\u2019une objection et de<br \/>\nr\u00e9pondre \u00e0 ce que l\u2019autre partie a dit.<\/p>\n<p>Apr\u00e8s avoir \u00e9cout\u00e9 ce que les<br \/>\nparticipants ont \u00e0 dire, le panel d\u2019arbitrage<br \/>\nse prononcera sur l\u2019objection, c\u2019est-\u00e0-dire<br \/>\ns\u2019il accepte ou rejette la preuve.<\/p>\n<p>Plaidoyer final : Une fois que tous les<br \/>\nt\u00e9moins auront termin\u00e9 leur d\u00e9position, le<br \/>\npr\u00e9sident du panel demandera \u00e0 chaque<br \/>\nparticipant de pr\u00e9senter un plaidoyer final.<\/p>\n<p>Un plaidoyer final r\u00e9sume bri\u00e8vement la<br \/>\npreuve que le panel a entendue \u00e0 l\u2019audience<br \/>\net qui appuie sa position.<\/p>\n<p>Un plaidoyer final peut \u00eatre \u00e9crit et lu au<br \/>\npanel sp\u00e9cial ou \u00eatre remis.<\/p>\n<p>Si vous vous repr\u00e9sentez vous-m\u00eame<br \/>\n\u00e0 une audience, le panel comprendra<br \/>\nqu\u2019on ne peut s\u2019attendre \u00e0 ce que vous<br \/>\npr\u00e9sentiez un argument juridique qui serait<br \/>\nhabituellement pr\u00e9sent\u00e9 par un avocat. <\/p>\n<p>Expliquez au panel pourquoi vous<br \/>\npensez que l\u2019ICE n\u2019a pas prouv\u00e9 l\u2019all\u00e9gation<br \/>\nd\u2019un manquement aux NUPPEC. Terminez<br \/>\nen r\u00e9it\u00e9rant votre position sur la question<br \/>\nde la plainte. <\/p>\n<p>La d\u00e9cision <\/p>\n<p>Apr\u00e8s les derniers plaidoyers, le panel<br \/>\nd\u2019arbitrage ajournera probablement la<br \/>\ns\u00e9ance pour r\u00e9diger une d\u00e9cision exposant<br \/>\nles motifs de la d\u00e9cision. Dans la mesure du<br \/>\npossible, la d\u00e9cision doit \u00eatre rendue dans<br \/>\nles 60 jours suivant l\u2019audience.  Le sous-<br \/>\ncomit\u00e9 d\u2019arbitrage est habilit\u00e9 \u00e0 imposer<br \/>\nune ou plusieurs sanctions et \u00e0 adjuger<br \/>\nles frais.<\/p>\n<p>Le crit\u00e8re d\u2019examen \u00e0 appliquer lors<br \/>\nde l\u2019examen d\u2019all\u00e9gations d\u2019infraction<br \/>\naux NUPPEC est celui de l\u2019\u00e9valuateur<br \/>\nraisonnable.5 La norme d\u2019examen \u00e0<br \/>\nappliquer lors de l\u2019examen d\u2019all\u00e9gations<br \/>\nd\u2019infraction aux statuts, r\u00e8glements et<br \/>\npolitiques de l\u2019Institut est celle de la<br \/>\ncroyance raisonnable.6<\/p>\n<p>Le sous-comit\u00e9 d\u2019arbitrage peut rejeter<br \/>\nla plainte parce que les motifs de la plainte<br \/>\nn\u2019ont pas \u00e9t\u00e9 \u00e9tablis. Il est \u00e0 noter que,<br \/>\ndans le cas d\u2019une plainte d\u00e9pos\u00e9e par un<br \/>\nmembre contre un autre membre, si la<br \/>\nplainte est rejet\u00e9e, le tribunal peut renvoyer<br \/>\nl\u2019affaire au m\u00e9diateur pour qu\u2019il l\u2019examine et<br \/>\nprenne les mesures qu\u2019il juge appropri\u00e9es.7<\/p>\n<p>R\u00e9sultats pour le plaignant : Un plaignant<br \/>\nne recevra un avis de l\u2019issue d\u2019un dossier<br \/>\nde plainte que s\u2019il a sign\u00e9 et soumis un<br \/>\nformulaire de consentement \u00e0 l\u2019ICE. L\u2019avis<br \/>\nde r\u00e9sultat ne traitera que des all\u00e9gations<br \/>\nrelatives \u00e0 la plainte.    <\/p>\n<p>R\u00e9sum\u00e9 <\/p>\n<p>La pr\u00e9paration d\u2019une audience d\u2019arbitrage<br \/>\npeut \u00eatre stressante. Pour all\u00e9ger ce fardeau,<br \/>\nun membre peut faire de son mieux pour<br \/>\nbien se pr\u00e9parer. Une audience peut souvent<br \/>\n\u00eatre un \u00e9v\u00e9nement de collaboration o\u00f9 tous<br \/>\nles participants s\u2019efforcent de d\u00e9couvrir les<br \/>\nfaits et d\u2019atteindre le r\u00e9sultat le plus productif<br \/>\npossible. Au cours de l\u2019audience, pr\u00e9sentez<br \/>\nle cas de fa\u00e7on r\u00e9fl\u00e9chie, en parlant aussi<br \/>\nclairement et concis\u00e9ment que possible. Pour<br \/>\nce qui est des questions, soyez coop\u00e9ratifs et,<br \/>\npar-dessus tout, soyez honn\u00eates.<\/p>\n<p>N\u2019oubliez pas que l\u2019une des<br \/>\ncaract\u00e9ristiques d\u2019une organisation<br \/>\nautor\u00e9glement\u00e9e respect\u00e9e et digne de<br \/>\nconfiance est la conduite professionnelle et<br \/>\nla comp\u00e9tence de ses membres. Pour nous<br \/>\nassurer que ces normes sont respect\u00e9es,<br \/>\nnous devons \u00eatre pr\u00eats \u00e0 faire face \u00e0<br \/>\nl\u2019\u00e9ventualit\u00e9 de plaintes contre des membres<br \/>\n&#8211; et \u00e0 rem\u00e9dier aux lacunes dans leur<br \/>\nconduite et leur comp\u00e9tence.<\/p>\n<p>Le sous-comit\u00e9 d\u2019arbitrage agit \u00e0 titre<br \/>\nde tribunal ind\u00e9pendant. Il p\u00e8sera l\u2019information<br \/>\nprovenant de tous les participants concern\u00e9s.<br \/>\nLeurs d\u00e9cisions sont prises pour prot\u00e9ger<br \/>\nle public, la r\u00e9putation de l\u2019Institut et de<br \/>\nses membres.<\/p>\n<p>Notes de fin<br \/>\n1 R\u00e8glements consolid\u00e9s (2014) de l\u2019Institut <\/p>\n<p>canadien des \u00e9valuateurs \u2013 5.7<br \/>\n2 R\u00e8glements consolid\u00e9s (2014) de l\u2019Institut <\/p>\n<p>canadien des \u00e9valuateurs \u2013 5.8<br \/>\n3 R\u00e8glements consolid\u00e9s (2014) de l\u2019Institut <\/p>\n<p>canadien des \u00e9valuateurs \u2013 5.111<br \/>\n4 R\u00e8glements consolid\u00e9s (2014) de l\u2019Institut <\/p>\n<p>canadien des \u00e9valuateurs \u2013 5.96.1<br \/>\n5 R\u00e8glements consolid\u00e9s (2014) de l\u2019Institut <\/p>\n<p>canadien des \u00e9valuateurs \u2013 5.97.1<br \/>\n6 R\u00e8glements consolid\u00e9s (2014) de l\u2019Institut <\/p>\n<p>canadien des \u00e9valuateurs \u2013 5.56.1<br \/>\n7 R\u00e8glements consolid\u00e9s (2014) de l\u2019Institut <\/p>\n<p>canadien des \u00e9valuateurs \u2013 5.96.2<br \/>\n8 R\u00e8glements consolid\u00e9s (2014) de l\u2019Institut <\/p>\n<p>canadien des \u00e9valuateurs \u2013 5.9.1 <\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 49Return to CONTENTS<\/p>\n<p>\u2018Unimproved\u2019 property<br \/>\nand rent re-set provisions<br \/>\nCase Comment: The Manufacturers Life<br \/>\nInsurance Company v. Parc-IX Limited<\/p>\n<p>BY JOHN SHEVCHUK<\/p>\n<p>Barrister &#038; Solicitor, C. Arb., AAIC (Hon.), RI(BC)<\/p>\n<p>My colleague and fellow arbitrator Richard Olson brought to my attention an interesting rent re-set decision from the Ontario Supreme Court in The Manufacturers Life Insurance Company v. Parc-IX Limited, 2018 ONSC<br \/>\n3625 (Parc-IX). In Parc-IX, Mr. Justice McEwen considered the proper<br \/>\ninterpretation of a ground lease that called for rent re-set as if the<br \/>\nproperty was \u201cunimproved.\u201d The question was whether \u201cunimproved\u201d<br \/>\nshould be construed to also mean \u201cunencumbered.\u201d If so, then the<br \/>\nre-set rent would be considerably higher.<\/p>\n<p>The background<\/p>\n<p>Parc-IX Limited (Parc-IX) owned an apartment building on land owned<br \/>\nby Manufacturers Life Insurance Company Limited (Manulife). In 1964,<br \/>\nParc-IX and the predecessor of Manulife executed a 99-year ground<br \/>\nlease that, among other things, called for rent re-sets every 25 years.<br \/>\nAfter the lease was entered, legislation was passed in Ontario that<br \/>\nrestricted Parc-IX as a leaseholder from using the property for freehold<br \/>\ncondominium development. There were also demolition controls and<br \/>\nrent restrictions that impacted the value as an apartment building.<br \/>\nHowever, as the holder of the freehold interest in the land, Manulife was<br \/>\nnot so restricted and could have developed freehold condominiums. <\/p>\n<p>The contractual interpretation issue was the effect of the phrase<br \/>\n\u201cas if it were unimproved\u201d in the rent re-set clause that provided in part<br \/>\nas follows:<br \/>\n 4.  AND YIELDING and paying \u2026<br \/>\n (a) for the 25 year period from the 15th day of August 1989 to the 14th <\/p>\n<p>day of August 2014, both days inclusive, a sum equal to 6\u00be% of the<br \/>\nfair market value of the property as if it were unimproved (hereinafter<br \/>\ncalled the \u201cland market value\u201d as of the 15th day of March 1989;<\/p>\n<p> (b) for the 25 year period from the 15th day of August 2014 to the 14th<br \/>\nday of August 2039, both days inclusive, a sum equal to 6\u00be% of the<br \/>\nfair market value of the property as if it were unimproved (hereinafter <\/p>\n<p>called the \u201cland market value\u201d as of the 15th day of March 2014;<br \/>\n [Emphasis added.]<br \/>\nManulife argued that the rent re-set must take into account its unrestricted<br \/>\nability to redevelop, whereas Parc-IX argued that the rent could not reflect<br \/>\na potential it was legally prohibited from exploiting.<\/p>\n<p>The first rent re-set in 1989 led to arbitration and judicial review over<br \/>\nthe interpretation of \u201cas if it were unimproved.\u201d Manulife\u2019s predecessor<br \/>\nargued that the phrase incorporated \u201cunimproved\u201d and \u201cunencumbered.\u201d<br \/>\nThe 1989 arbitration panel disagreed holding that \u201cas if it were<br \/>\nunimproved\u201d only referred to the physical state of the property and that<br \/>\nthe lease itself and the legal encumbrances were not to be taken into<br \/>\naccount. On judicial review, the court held that the decision was reasonable<br \/>\nand dismissed the landlord\u2019s application, but, in dicta, the court said that,<br \/>\nif the matter had been heard by it in the first instance, they would have<br \/>\ninterpreted \u201cunimproved\u201d to also include \u201cunencumbered.\u201d Manulife relied<br \/>\nupon this dicta in the judicial review application before Mr. Justice McEwen.<\/p>\n<p>The 2018 decision<\/p>\n<p>In the 2018 court decision, the court held that the arbitration decision<br \/>\nin the first rent re-set was binding on the parties. Mr. Justice McEwen<br \/>\ncould have stopped there, but he went further and wrote that, while there<br \/>\nwas support in past case law for Manulife\u2019s position, the law has evolved<br \/>\nso that, by itself, the phrase \u201cas if it were unimproved\u201d only allows the<br \/>\nparties to disregard the physical improvements and that absent express<br \/>\nwording in the lease to the contrary, the parties cannot ignore the legal<br \/>\nencumbrances affecting the property.<\/p>\n<p>Consistent with guidance from the Supreme Court of Canada, the<br \/>\njudge in Parc-IX held that he was to find \u201c\u2026 the intention of the parties, as<br \/>\nrevealed by the plain, literal and ordinary meaning of the words considered<br \/>\nin the context of the contract as a whole.\u201d<\/p>\n<p>In Parc-IX, the parties agreed that the purpose of the rent re-set clause<br \/>\nwas to link rent to the changing value of the underlying property and that <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 50 Return to CONTENTS<\/p>\n<p>LEGAL MATTERS<\/p>\n<p>\u201cvalue of the property\u201d refers to the landlord\u2019s freehold interest. The<br \/>\nparties disagreed on the meaning of \u201cunimproved.\u201d  <\/p>\n<p>Mr. Justice McEwen referred to the definitions of \u201cimprovement\u201d<br \/>\nand \u201cencumbrance\u201d in Black\u2019s Law Dictionary, noting that the former<br \/>\nreferred to buildings and permanent structures, while the latter related<br \/>\nto legal interests that might lead to a dimunition of value. \u201cA property<br \/>\ncan be unimproved yet encumbered. Conversely, it may be improved and<br \/>\nunencumbered. The two words are not synonymous.\u201d The court also<br \/>\nnoted evidence that suggested commercial leases routinely distinguish<br \/>\nbetween improvements and encumbrances.<\/p>\n<p>In Parc-IX, the court addressed case law that held it is to be implied<br \/>\nthat \u201cunencumbered\u201d is intended by the parties on a rent re-set. The<br \/>\nlogic underpinning those cases is that, since rent re-set is intended to<br \/>\ndetermine a rent based on the value of the land without regard to the<br \/>\nterms of the lease in place, it followed that land value should be based on<br \/>\nits highest and best use without regard for the restrictions that arise by<br \/>\nthe type of the improvements and the ownership of those improvements.  <\/p>\n<p>On the other hand, more recent cases had taken a different view. In<br \/>\nMusqueam Indian Band v. Glass, 2000 SCC 52 [Musqueam], Mr. Justice<br \/>\nGonthier concluded that, where the lease stipulated for a percentage<br \/>\nfactor to be applied to the underlying value of the land as the basis for the<br \/>\nrent, legal encumbrances could not be ignored absent express wording<br \/>\nto the contrary. In Board of Regents of Victoria University v. G.E. Canada<br \/>\nReal Estate Equity, 2016 ONCA 646 [Victoria University], the court took its<br \/>\nlead from Musqueam, holding that legal encumbrances arising from the<br \/>\nlease agreement were to be accounted for in the rent re-set. <\/p>\n<p>At paragraph 111 of Parc-IX is the following passage:<br \/>\n [111]  The Court of Appeal [in Victoria University] dismissed the <\/p>\n<p>landlord\u2019s appeal \u2026  Justice Pepall, writing for the court, explained the<br \/>\ncurrent state of the law as she saw it arising from Musqueam. At para.<br \/>\n40, Justice Pepall stated:<br \/>\n In conclusion, Musqueam Indian Band establishes that, absent <\/p>\n<p>a contrary intention in the lease: (a) the word \u201cland\u201d refers to the<br \/>\nfreehold or fee simple interest in the lands at issue; (b) the word<br \/>\n\u201cvalue\u201d means the exchange value of the land, calculated by<br \/>\ndetermining the \u201chighest and best use\u201d possible; and (c) fair market<br \/>\nvalue should reflect legal restrictions on the land but should<br \/>\nignore any particular restrictions imposed by the lease itself. <\/p>\n<p> [Emphasis in Parc-IX]<br \/>\nIn the end, Mr. Justice McEwen in Parc-IX relied upon Musqueam and<br \/>\nVictoria University in holding that legal encumbrances affecting Parc-IX<br \/>\nwere not to be ignored.<\/p>\n<p>Closing <\/p>\n<p>The takeaways from the Parc-IX decision include the following:<br \/>\n\u2022 Setting rent pursuant to a re-set clause depends upon applying the <\/p>\n<p>intention of the parties when the lease was entered.<br \/>\n\u2022 The intention of the parties is to be found in the words of the lease <\/p>\n<p>according to their plain, literal, ordinary meaning.<\/p>\n<p>\u2022 \u201cImprovement\u201d will generally refer to buildings and permanent<br \/>\nstructures.<\/p>\n<p>\u2022 \u201cUnimproved\u201d will generally reference the physical state of the property.<br \/>\n\u2022 \u201cEncumbrance\u201d relates to a legal interest in property.<br \/>\n\u2022 Absent express wording to the contrary, \u201cunimproved\u201d will not  <\/p>\n<p>include \u201cunencumbered.\u201d<br \/>\n\u2022 Rent re-set, under the hypothetical situation of unimproved property, <\/p>\n<p>will take into account the effect on value that legal encumbrances have<br \/>\non the property.<\/p>\n<p>End notes<br \/>\n1 Richard Olson is a lawyer, arbitrator and author of A Commercial Tenancy <\/p>\n<p>Handbook (Carswell) as well as numerous works for British Columbia<br \/>\nContinuing Legal Education.<\/p>\n<p>2 Parc-IX at paragraph 69 relying upon Creston Moly Corp. v. Sattva Capital<br \/>\nCorp., 2014 SCC 53 at paragraph 47.<\/p>\n<p>This article is provided for the purposes of generating discussion and to<br \/>\nmake practitioners aware of certain challenges presented in the law. It is not<br \/>\nto be taken as legal advice. Any questions relating to the matters discussed<br \/>\nherein should be put to qualified legal and appraisal practitioners. <\/p>\n<p>Realize your<br \/>\npotential at<br \/>\nAltus Group<\/p>\n<p>350+<br \/>\nappraisers<br \/>\neconomists<br \/>\nmarket researchers<br \/>\nadvisors<\/p>\n<p>Join our Research, Valuation and Advisory team<br \/>\naltusgroup.com\/careers<\/p>\n<p>Follow us on<\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 51Return to CONTENTS<\/p>\n<p>http:\/\/altusgroup.com\/careers<\/p>\n<p>PAR JOHN SHEVCHUK<\/p>\n<p>Avocat-procureur, C.Arb, AACI(Hon), RI(BC)<\/p>\n<p>Provisions de revalorisation du loyer<br \/>\ndes biens immobiliers \u00ab non am\u00e9lior\u00e9s \u00bb<br \/>\nCommentaire de cas : La Compagnie<br \/>\nd\u2019Assurance-Vie Manufacturers<br \/>\nc. Parc-IX Limited <\/p>\n<p>Mon coll\u00e8gue et co-arbitre Richard Olson a port\u00e9 \u00e0 mon attention une d\u00e9cision int\u00e9ressante de la Cour supr\u00eame de l\u2019Ontario dans l\u2019affaire La Compagnie d\u2019Assurance-Vie Manufacturers c. Parc-IX Limited,<br \/>\n2018 ONSC 3625 (Parc-IX). Dans l\u2019affaire Parc-IX, le juge McEwen<br \/>\na examin\u00e9 l\u2019interpr\u00e9tation appropri\u00e9e d\u2019un bail foncier qui<br \/>\nexigeait que le loyer soit r\u00e9tabli comme si la propri\u00e9t\u00e9 n\u2019\u00e9tait<br \/>\n\u00ab pas am\u00e9lior\u00e9e \u00bb. La question \u00e9tait de savoir si le terme \u00ab non<br \/>\nam\u00e9lior\u00e9 \u00bb devait \u00eatre interpr\u00e9t\u00e9 comme signifiant \u00e9galement<br \/>\n\u00ab non grev\u00e9 \u00bb. Si tel est le cas, le loyer revaloris\u00e9 serait<br \/>\nconsid\u00e9rablement plus \u00e9lev\u00e9. <\/p>\n<p>Le contexte<\/p>\n<p>Parc-IX Limited (Parc-IX) poss\u00e9dait un immeuble d\u2019appartements<br \/>\nsur un terrain appartenant \u00e0 La Compagnie d\u2019Assurance-<br \/>\nVie Manufacturers Limit\u00e9e (Manuvie). En 1964, Parc-IX et le<br \/>\npr\u00e9d\u00e9cesseur de Manuvie ont sign\u00e9 un bail foncier de 99 ans<br \/>\nqui, entre autres choses, pr\u00e9voyait une r\u00e9vision du loyer tous<br \/>\nles 25 ans. Apr\u00e8s la signature du bail, l\u2019Ontario a adopt\u00e9 une loi<br \/>\nqui emp\u00eachait Parc-IX, \u00e0 titre de locataire, d\u2019utiliser la propri\u00e9t\u00e9<br \/>\npour l\u2019am\u00e9nagement de condominiums en propri\u00e9t\u00e9 franche. De<br \/>\nplus, l\u2019application de contr\u00f4les des d\u00e9molitions et de restrictions<br \/>\ndes loyers a eu une incidence sur la valeur de l\u2019immeuble en tant<br \/>\nqu\u2019immeuble d\u2019appartements. Toutefois, en tant que propri\u00e9taire<br \/>\nde la propri\u00e9t\u00e9 franche du terrain, Manuvie n\u2019\u00e9tait pas assujettie<br \/>\n\u00e0 ces restrictions et aurait pu am\u00e9nager des condominiums en<br \/>\npropri\u00e9t\u00e9 franche.  <\/p>\n<p>La question de l\u2019interpr\u00e9tation contractuelle \u00e9tait l\u2019effet de<br \/>\nl\u2019expression \u00ab comme si elle n\u2019avait pas \u00e9t\u00e9 am\u00e9lior\u00e9e \u00bb dans la<br \/>\nclause de r\u00e9vision du loyer qui pr\u00e9voyait en partie ce qui suit :<br \/>\n 4.  ET REMETTRE et payer&#8230;<br \/>\n (a) pour la p\u00e9riode de 25 ans allant du 15e jour d\u2019ao\u00fbt 1989 <\/p>\n<p>au 14e jour d\u2019ao\u00fbt 2014 inclusivement, ces deux journ\u00e9es<br \/>\nincluses, une somme \u00e9gale \u00e0 6\u00be % de la juste valeur<br \/>\nmarchande du bien comme s\u2019il n\u2019\u00e9tait pas am\u00e9lior\u00e9 (ci-apr\u00e8s<br \/>\nappel\u00e9e la \u00ab valeur marchande du terrain \u00bb au 15e jour de<br \/>\nmars 1989; <\/p>\n<p> (b) pour la p\u00e9riode de 25 ans allant du 15e jour d\u2019ao\u00fbt 2014<br \/>\nau 14e jour d\u2019ao\u00fbt 2039 inclusivement, ces deux journ\u00e9es<br \/>\nincluses, une somme \u00e9gale \u00e0 6\u00be % de la juste valeur<br \/>\nmarchande du bien comme s\u2019il n\u2019\u00e9tait pas am\u00e9lior\u00e9 (ci-apr\u00e8s<br \/>\nappel\u00e9e la \u00ab valeur marchande du terrain \u00bb au 15e jour de<br \/>\nmars 2014; <\/p>\n<p> [Soulignement ajout\u00e9.]<br \/>\nManuvie a fait valoir que le nouveau loyer devait tenir compte<br \/>\nde la capacit\u00e9 illimit\u00e9e de r\u00e9am\u00e9nagement du bien, tandis que<br \/>\nParc-IX a fait valoir que le loyer ne pouvait refl\u00e9ter un potentiel<br \/>\ndont l\u2019exploitation lui \u00e9tait l\u00e9galement interdite. <\/p>\n<p>La premi\u00e8re r\u00e9vision du loyer, en 1989, avait donn\u00e9 lieu<br \/>\n\u00e0 un arbitrage et \u00e0 un contr\u00f4le judiciaire sur l\u2019interpr\u00e9tation<br \/>\nde l\u2019expression \u00ab comme si elle n\u2019avait pas \u00e9t\u00e9 am\u00e9lior\u00e9e \u00bb.<br \/>\nLe pr\u00e9d\u00e9cesseur de Manuvie avait soutenu que l\u2019expression<br \/>\ncomprenait les termes \u00ab non am\u00e9lior\u00e9 \u00bb et \u00ab non grev\u00e9 \u00bb. Le<br \/>\ngroupe sp\u00e9cial d\u2019arbitrage de 1989 n\u2019\u00e9tait pas d\u2019accord pour<br \/>\ndire que \u00ab comme si elle n\u203aavait pas \u00e9t\u00e9 am\u00e9lior\u00e9e \u00bb ne faisait<br \/>\nr\u00e9f\u00e9rence qu\u2019\u00e0 l\u2019\u00e9tat physique du bien et que le bail lui-m\u00eame<br \/>\net les charges l\u00e9gales ne devaient pas \u00eatre pris en compte.<br \/>\nLors du contr\u00f4le judiciaire, le tribunal a jug\u00e9 que la d\u00e9cision<br \/>\n\u00e9tait raisonnable et a rejet\u00e9 la demande du locateur, mais,<br \/>\ndans l\u2019arr\u00eat dicta, le tribunal a d\u00e9clar\u00e9 que, si l\u2019affaire avait<br \/>\n\u00e9t\u00e9 entendue en premi\u00e8re instance, il aurait interpr\u00e9t\u00e9 \u00ab non<br \/>\nam\u00e9lior\u00e9e \u00bb comme incluant \u00e9galement \u00ab non grev\u00e9e \u00bb. Manuvie<br \/>\ns\u2019est fond\u00e9e sur ce dicta dans la demande de contr\u00f4le judiciaire<br \/>\npr\u00e9sent\u00e9e au juge McEwen.<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 52 Return to CONTENTS<\/p>\n<p>QUESTIONS JURIDIQUES<\/p>\n<p>La d\u00e9cision de 2018 <\/p>\n<p>Dans sa d\u00e9cision de 2018, le tribunal a statu\u00e9 que la d\u00e9cision<br \/>\narbitrale de la premi\u00e8re r\u00e9vision du loyer \u00e9tait ex\u00e9cutoire pour les<br \/>\nparties. Le juge McEwen aurait pu s\u2019arr\u00eater l\u00e0, mais il est all\u00e9 plus<br \/>\nloin en \u00e9crivant que, m\u00eame si la jurisprudence pass\u00e9e appuyait la<br \/>\nposition de Manuvie, la loi a \u00e9volu\u00e9 de sorte que, par elle-m\u00eame,<br \/>\nl\u2019expression \u00ab comme si elle n\u2019avait pas \u00e9t\u00e9 am\u00e9lior\u00e9e \u00bb permet<br \/>\nseulement aux parties d\u2019ignorer les am\u00e9liorations mat\u00e9rielles et<br \/>\nque, sauf disposition contraire expresse du bail, les parties ne<br \/>\npeuvent ignorer les charges l\u00e9gales touchant la propri\u00e9t\u00e9. <\/p>\n<p>Conform\u00e9ment aux directives de la Cour supr\u00eame du Canada,<br \/>\nle juge dans l\u2019affaire Parc-IX a conclu qu\u2019il devait trouver \u00ab &#8230;<br \/>\nl\u2019intention des parties, telle que r\u00e9v\u00e9l\u00e9e par le sens usuel, litt\u00e9ral<br \/>\net ordinaire des mots consid\u00e9r\u00e9s dans le contexte du contrat dans<br \/>\nson ensemble \u00bb.  <\/p>\n<p>Dans l\u2019affaire Parc-IX, les parties ont convenu que la clause<br \/>\nde r\u00e9vision du loyer avait pour objet de lier le loyer \u00e0 l\u2019\u00e9volution<br \/>\nde la valeur de la propri\u00e9t\u00e9 sous-jacente et que la \u00ab valeur de la<br \/>\npropri\u00e9t\u00e9 \u00bb faisait r\u00e9f\u00e9rence \u00e0 l\u2019int\u00e9r\u00eat franc du propri\u00e9taire. Les<br \/>\nparties n\u2019\u00e9taient pas d\u2019accord sur le sens de \u00ab non am\u00e9lior\u00e9 \u00bb.     <\/p>\n<p>Le juge McEwen s\u2019est r\u00e9f\u00e9r\u00e9 aux d\u00e9finitions des mots<br \/>\n\u00ab improvement \u00bb (\u00ab am\u00e9lioration \u00bb) et \u00ab encumbrance \u00bb (\u00ab charge \u00bb)<br \/>\ndans le Black\u2019s Law Dictionary, notant que le premier faisait<br \/>\nr\u00e9f\u00e9rence aux b\u00e2timents et aux structures permanentes, tandis que<br \/>\nle second concernait les int\u00e9r\u00eats juridiques qui pourraient mener \u00e0<br \/>\nune diminution de valeur. \u00ab Une propri\u00e9t\u00e9 peut \u00eatre non am\u00e9lior\u00e9e<br \/>\nmais grev\u00e9e. Inversement, elle peut \u00eatre am\u00e9lior\u00e9e et non grev\u00e9e. Les<br \/>\ndeux mots ne sont pas synonymes. \u00bb  La Cour a \u00e9galement not\u00e9 des<br \/>\n\u00e9l\u00e9ments de preuve qui sugg\u00e8rent que les baux commerciaux font<br \/>\ncouramment la distinction entre les am\u00e9liorations et les charges. <\/p>\n<p>Dans l\u2019affaire Parc-IX, le tribunal a abord\u00e9 la jurisprudence<br \/>\nqui a statu\u00e9 qu\u2019il faut sous-entendre que les parties ont l\u2019intention<br \/>\nde \u00ab ne pas grever \u00bb le bien dans le cadre d\u2019une r\u00e9vision du loyer.<br \/>\nLa logique qui sous-tend ces causes est que, puisque la r\u00e9vision<br \/>\ndu loyer vise \u00e0 d\u00e9terminer un loyer en fonction de la valeur du<br \/>\nterrain sans \u00e9gard aux modalit\u00e9s du bail en vigueur, il s\u2019ensuit<br \/>\nque la valeur du terrain devrait \u00eatre fond\u00e9e sur son utilisation<br \/>\noptimale, sans \u00e9gard aux restrictions qui d\u00e9coulent du type des<br \/>\nam\u00e9liorations et du propri\u00e9taire de ces am\u00e9liorations.    <\/p>\n<p>D\u2019autre part, des cas plus r\u00e9cents avaient adopt\u00e9 un point<br \/>\nde vue diff\u00e9rent. Dans l\u2019affaire Bande indienne Musqueam c.<br \/>\nGlass, 2000 CSC 52 [Musqueam], le juge Gonthier a conclu que,<br \/>\nlorsque le bail stipulait qu\u2019un facteur de pourcentage devait \u00eatre<br \/>\nappliqu\u00e9 \u00e0 la valeur sous-jacente du terrain comme base du loyer,<br \/>\nles charges l\u00e9gales ne pouvaient \u00eatre ignor\u00e9es, sauf indication<br \/>\ncontraire explicite. Dans Board of Regents of Victoria University<br \/>\nc. G.E. Canada Real Estate Equity, 2016 ONCA 646 [Victoria<br \/>\nUniversity], le tribunal s\u2019est inspir\u00e9 de Musqueam et a jug\u00e9 que<br \/>\nles charges l\u00e9gales d\u00e9coulant du bail devaient \u00eatre prises en<br \/>\ncompte dans la r\u00e9vision du loyer.   <\/p>\n<p> Au paragraphe 111 de Parc-IX se trouve le passage suivant :<br \/>\n [111] La Cour d\u2019appel [dans l\u2019affaire Victoria University] a rejet\u00e9 <\/p>\n<p>l\u2019appel du propri\u00e9taire&#8230; La juge Pepall, \u00e9crivant pour la cour, a<br \/>\nexpliqu\u00e9 l\u2019\u00e9tat actuel du droit tel qu\u2019elle le voyait d\u00e9coulant de<br \/>\nMusqueam. Au paragraphe 40, la juge Pepall a d\u00e9clar\u00e9 :<br \/>\n En conclusion, la bande indienne de Musqueam \u00e9tablit que, <\/p>\n<p>sauf intention contraire dans le bail : a) le mot \u00ab terrain \u00bb<br \/>\nd\u00e9signe la tenure franche ou l\u2019int\u00e9r\u00eat en fief simple sur<br \/>\nles terres en cause ; b) le mot \u00ab valeur \u00bb d\u00e9signe la valeur<br \/>\nd\u203a\u00e9change du terrain, calcul\u00e9e en d\u00e9terminant \u00ab l\u2019utilisation<br \/>\noptimale \u00bb; et c) la juste valeur marchande devrait refl\u00e9ter<br \/>\nles restrictions l\u00e9gales sur le terrain mais devrait ignorer<br \/>\ntoute restriction particuli\u00e8re impos\u00e9e par le bail lui-m\u00eame <\/p>\n<p> [Soulign\u00e9 dans Parc-IX]<br \/>\nEn fin de compte, le juge McEwen, dans l\u2019affaire Parc-IX, s\u2019est<br \/>\nfi\u00e9 \u00e0 Musqueam et \u00e0 Victoria University pour conclure que les<br \/>\ncharges l\u00e9gales touchant Parc-IX ne devaient pas \u00eatre ignor\u00e9es.<\/p>\n<p>Pour conclure <\/p>\n<p>Parmi les le\u00e7ons tir\u00e9es de la d\u00e9cision Parc-IX, mentionnons<br \/>\nles suivantes : <\/p>\n<p>\u2022 L\u2019\u00e9tablissement du loyer en vertu d\u2019une clause de r\u00e9vision<br \/>\nd\u00e9pend de l\u2019application de l\u2019intention des parties au moment<br \/>\nde la signature du bail.<\/p>\n<p>\u2022 L\u2019intention des parties se retrouve dans les termes du bail<br \/>\ndans leur sens usuel, litt\u00e9ral et ordinaire.<\/p>\n<p>\u2022 Le terme \u00ab am\u00e9lioration \u00bb d\u00e9signe g\u00e9n\u00e9ralement les<br \/>\nb\u00e2timents et les structures permanentes.  <\/p>\n<p>\u2022 Le terme \u00ab non am\u00e9lior\u00e9 \u00bb fait g\u00e9n\u00e9ralement r\u00e9f\u00e9rence \u00e0<br \/>\nl\u2019\u00e9tat physique du bien.  <\/p>\n<p>\u2022 La \u00ab charge \u00bb se rapporte \u00e0 un int\u00e9r\u00eat l\u00e9gal dans un bien.<br \/>\n\u2022 En l\u2019absence d\u2019une formulation expresse contraire, le terme <\/p>\n<p>\u00ab non am\u00e9lior\u00e9 \u00bb n\u2019inclut pas le terme \u00ab non grev\u00e9 \u00bb.<br \/>\n\u2022 Dans le cas hypoth\u00e9tique d\u2019un bien non am\u00e9lior\u00e9, la r\u00e9vision <\/p>\n<p>du loyer tiendra compte de l\u2019effet des charges l\u00e9gales sur la<br \/>\nvaleur du bien.<\/p>\n<p>Notes en fin de texte<br \/>\n1 Richard Olson est avocat, arbitre et auteur de A Commercial <\/p>\n<p>Tenancy Handbook (Carswell) ainsi que de nombreux ouvrages<br \/>\npour la British Columbia Continuing Legal Education. <\/p>\n<p>2 Parc-IX paragraphe 69, s\u2019appuyant sur Creston Moly Corp. c.<br \/>\nSattva Capital Corp. 2014 CSC 53, paragraphe 47. <\/p>\n<p>Cet article est fourni dans le but de g\u00e9n\u00e9rer des discussions et de<br \/>\nsensibiliser les praticiens \u00e0 certains d\u00e9fis pr\u00e9sent\u00e9s dans la loi.<br \/>\nCet expos\u00e9 ne doit pas \u00eatre consid\u00e9r\u00e9 comme un avis juridique.<br \/>\nToutes les questions relatives aux situations abord\u00e9es aux<br \/>\npr\u00e9sentes devraient \u00eatre pos\u00e9es \u00e0 des praticiens qualifi\u00e9s dans<br \/>\nles domaines du droit et de l\u2019\u00e9valuation. <\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 53Return to CONTENTS<\/p>\n<p>ADVOCACY<\/p>\n<p>National associations in Canada began to crop up prior to the 1950s because of the necessity for an industry to have one voice. For example, the Appraisal Institute of Canada (AIC) was established in 1938,<br \/>\nfive years before the Canadian Real Estate Association (CREA) and<br \/>\nthe Canadian Home Builder\u2019s Association (CHBA) were formed.<br \/>\nThe founders of these associations, and the hundreds of others<br \/>\nthat now exist across Canada, saw the need for a single entity to<br \/>\nadvocate on behalf of growing professions.<\/p>\n<p>Since then, AIC and others have transformed into the modern<br \/>\norganizations we know today, offering a wide variety of services<br \/>\nfrom professional development, conferences, certifications, and<br \/>\nmore. What continues to tie every association together, however,<br \/>\nis the continued commitment to advocate to governments on<br \/>\nbehalf of their members. Governments themselves also rely on<br \/>\nassociations, as it is much easier for them to speak to one or a<br \/>\nfew representatives rather than to an entire industry. Imagine<br \/>\nfor a moment if Federal Minister of Finance Bill Morneau had to<br \/>\nspeak to every appraiser in Canada to get his or her opinion on a<br \/>\ngovernment policy rather than just speaking to AIC Chief Executive<br \/>\nOfficer Keith Lancastle. Associations play a key role in the<br \/>\ndevelopment of public policy and governments constantly engage<br \/>\nwith them on a variety of issues. <\/p>\n<p>While associations have changed, so too has lobbying and<br \/>\npolitics. Only a few years ago, many associations would press<br \/>\nthe pause button during election campaigns because they<br \/>\nwould not want to be seen as favouring one party over another.<br \/>\nFurthermore, there was a belief that political parties were<br \/>\ntoo busy to engage with associations or to deal with advocacy<br \/>\nmatters in general.<\/p>\n<p>This has changed and associations now engage with<br \/>\npolitical parties during election campaigns more than ever<br \/>\nbefore. Elections also provide a unique opportunity for<br \/>\nassociations, especially for membership-driven organizations<br \/>\nlike AIC. While advocacy during non-election years is <\/p>\n<p>BY HUW WILLIAMS<\/p>\n<p>President of Impact Public Affairs<\/p>\n<p>Advocacy during<br \/>\nan election year<\/p>\n<p>concentrated in Ottawa, advocacy during an election year is<br \/>\nconcentrated at the constituency level. The most effective<br \/>\nadvocacy campaigns engage members from across Canada<br \/>\nto take on meetings at the local level, either with sitting<br \/>\nMembers of Parliament or with candidates of other parties.<br \/>\nMPs and candidates are more interested than ever in hearing<br \/>\nabout issues that are impacting their communities and that<br \/>\ncould influence policy platforms for the election. By bringing<br \/>\nkey messages to the ground level, the next generation of<br \/>\ndecision makers can be informed of key issues facing a<br \/>\ncertain industry or profession. <\/p>\n<p>During an election year, it is essential that associations<br \/>\nnot choose winners and losers. In June 2015, many polls<br \/>\nshowed an easy win for Thomas Mulcair and the NDP. The<br \/>\nLiberal Party and Justin Trudeau were a distant third and<br \/>\nit seemed extremely unlikely they could win the election.<br \/>\nFast forward to the end of October 2015 and the Liberals<br \/>\nwon a resounding majority. This is but one example of why<br \/>\nassociations and their members must remain non-partisan<br \/>\nin their advocacy efforts, as politics and elections are<br \/>\nalways unpredictable. <\/p>\n<p>Many associations such as AIC will be extremely active<br \/>\nfrom the summer of 2019 until the end of October in engaging<br \/>\ngovernment in advocacy. However, even the best laid plans<br \/>\nand most convincing arguments can go by the wayside if<br \/>\nmembers are not involved. When members are engaged and<br \/>\ninvolved, association advocacy campaigns can thrive. This<br \/>\nis why appraisers across Canada should be looking to take<br \/>\npart in AIC\u2019s advocacy campaign moving into the election. In<br \/>\nassociations such as AIC, the founders saw strength in numbers.<br \/>\nBy engaging Members of Parliament and candidates in numbers<br \/>\nand participating in advocacy campaigns, the association will<br \/>\nbe more effective at advocating on behalf of its members. An<br \/>\nelection year is not the time to hit the pause button, but rather<br \/>\nthe time to continue pressing forward. <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 54 Return to CONTENTS<\/p>\n<p>D\u00c9FENSE<\/p>\n<p>PAR HUW WILLIAMS<\/p>\n<p>Pr\u00e9sident d\u2019Impact Affaires Publiques<\/p>\n<p>D\u00e9fense des int\u00e9r\u00eats pendant<br \/>\nune ann\u00e9e d\u2019\u00e9lection<\/p>\n<p>Au Canada, les associations nationales ont commenc\u00e9 \u00e0 voir le jour avant les ann\u00e9es 1950 en raison de la n\u00e9cessit\u00e9 pour une industrie d\u2019avoir une voix unifi\u00e9e. Par exemple, l\u2019Institut canadien des \u00e9valuateurs (ICE) a \u00e9t\u00e9 cr\u00e9\u00e9 en 1938,<br \/>\ncinq ans avant la cr\u00e9ation de l\u2019Association canadienne de l\u2019immeuble (ACI)<br \/>\net de l\u2019Association canadienne des constructeurs d\u2019habitations (ACCH).<br \/>\nLes fondateurs de ces associations, et les centaines d\u2019autres qui existent<br \/>\nmaintenant \u00e0 travers le Canada, ont vu le besoin d\u2019une seule entit\u00e9 pour<br \/>\nd\u00e9fendre les int\u00e9r\u00eats des professions en croissance. <\/p>\n<p>Depuis, l\u2019ICE et d\u2019autres organisations se sont transform\u00e9es pour<br \/>\ndevenir les organisations modernes que nous connaissons aujourd\u2019hui,<br \/>\noffrant une grande vari\u00e9t\u00e9 de services allant du perfectionnement<br \/>\nprofessionnel aux conf\u00e9rences, en passant par les certifications,<br \/>\naccr\u00e9ditations et autres. Ce qui continue de lier toutes les associations,<br \/>\ncependant, c\u2019est l\u2019engagement continu \u00e0 d\u00e9fendre les int\u00e9r\u00eats de leurs<br \/>\nmembres aupr\u00e8s des gouvernements. Les gouvernements eux-m\u00eames<br \/>\ncomptent aussi sur les associations, car il leur est beaucoup plus facile<br \/>\nde s\u2019adresser \u00e0 un ou quelques repr\u00e9sentants plut\u00f4t qu\u2019\u00e0 l\u2019ensemble<br \/>\nd\u2019une industrie. Imaginez un instant si le ministre f\u00e9d\u00e9ral des Finances,<br \/>\nBill Morneau, devait s\u2019adresser \u00e0 tous les \u00e9valuateurs du Canada pour<br \/>\nobtenir leur opinion sur une politique gouvernementale plut\u00f4t que<br \/>\nde simplement parler \u00e0 Keith Lancastle, directeur g\u00e9n\u00e9ral de l\u2019ICE.<br \/>\nLes associations jouent un r\u00f4le cl\u00e9 dans l\u2019\u00e9laboration des politiques<br \/>\npubliques et les gouvernements collaborent constamment avec elles<br \/>\nsur une vari\u00e9t\u00e9 de questions.  <\/p>\n<p>Si les associations ont chang\u00e9, le lobbying et la politique ont aussi<br \/>\nchang\u00e9. Il y a seulement quelques ann\u00e9es, de nombreuses associations<br \/>\nappuyaient sur le bouton \u00ab pause \u00bb pendant les campagnes \u00e9lectorales<br \/>\nparce qu\u2019elles ne voulaient pas \u00eatre per\u00e7ues comme favorisant un parti<br \/>\nplut\u00f4t qu\u2019un autre. De plus, on croyait que les partis politiques \u00e9taient trop<br \/>\noccup\u00e9s pour s\u2019engager dans des discussions avec les associations ou<br \/>\npour s\u2019occuper des questions de d\u00e9fense des droits en g\u00e9n\u00e9ral. <\/p>\n<p>Cela a chang\u00e9 et, plus que jamais, les associations s\u2019engagent avec<br \/>\nles partis politiques pendant les campagnes \u00e9lectorales. Les \u00e9lections<br \/>\nconstituent \u00e9galement une occasion unique pour les associations, en <\/p>\n<p>particulier pour les organisations \u00e0 l\u2019\u00e9coute de leurs effectifs comme l\u2019ICE.<br \/>\nAlors que les activit\u00e9s de d\u00e9fense des int\u00e9r\u00eats pendant les ann\u00e9es non<br \/>\n\u00e9lectorales sont concentr\u00e9es \u00e0 Ottawa, les activit\u00e9s de d\u00e9fense des int\u00e9r\u00eats au<br \/>\ncours d\u2019une ann\u00e9e \u00e9lectorale sont concentr\u00e9es au niveau de la circonscription.<br \/>\nLes campagnes de d\u00e9fense des int\u00e9r\u00eats les plus efficaces incitent les membres<br \/>\ndes associations de partout au Canada \u00e0 prendre part \u00e0 des r\u00e9unions au niveau<br \/>\nlocal, soit avec les d\u00e9put\u00e9s en place, soit avec les candidats des autres partis.<br \/>\nLes d\u00e9put\u00e9s et les candidats sont plus int\u00e9ress\u00e9s que jamais \u00e0 entendre parler<br \/>\nde questions qui ont une incidence sur leur collectivit\u00e9 et qui pourraient influer<br \/>\nsur les programmes politiques pour l\u2019\u00e9lection. En transmettant les messages<br \/>\ncl\u00e9s sur le terrain, la prochaine g\u00e9n\u00e9ration de d\u00e9cideurs peut \u00eatre inform\u00e9e des<br \/>\nenjeux cl\u00e9s auxquels fait face une industrie ou une profession donn\u00e9e. <\/p>\n<p>Pendant une ann\u00e9e \u00e9lectorale, il est essentiel que les associations ne<br \/>\nchoisissent pas les gagnants et les perdants. En juin 2015, de nombreux<br \/>\nsondages pr\u00e9disaient une victoire facile pour Thomas Mulcair et le NPD. Le<br \/>\nParti lib\u00e9ral et Justin Trudeau \u00e9taient loin derri\u00e8re et il semblait extr\u00eamement<br \/>\nimprobable qu\u2019ils puissent gagner les \u00e9lections. \u00c0 la fin d\u2019octobre 2015, les<br \/>\nlib\u00e9raux ont obtenu une majorit\u00e9 \u00e9crasante. Ce n\u2019est l\u00e0 qu\u2019un exemple parmi<br \/>\nd\u2019autres des raisons pour lesquelles les associations et leurs membres<br \/>\ndoivent demeurer non partisans dans leurs efforts de promotion de leurs<br \/>\nint\u00e9r\u00eats, car la politique et les \u00e9lections sont toujours impr\u00e9visibles.  <\/p>\n<p>De nombreuses associations comme l\u2019ICE seront extr\u00eamement actives<br \/>\nde l\u2019\u00e9t\u00e9 2019 jusqu\u2019\u00e0 la fin du mois octobre pour promouvoir leurs int\u00e9r\u00eats<br \/>\naupr\u00e8s du gouvernement. Toutefois, m\u00eame les plans les mieux con\u00e7us et les<br \/>\narguments les plus convaincants peuvent \u00eatre mis de c\u00f4t\u00e9 si les membres<br \/>\nne participent pas. Lorsque les membres sont engag\u00e9s et impliqu\u00e9s, les<br \/>\ncampagnes de d\u00e9fense des int\u00e9r\u00eats des associations peuvent prosp\u00e9rer.<br \/>\nC\u2019est pourquoi les \u00e9valuateurs de partout au Canada devraient envisager de<br \/>\nprendre part \u00e0 la campagne de d\u00e9fense des int\u00e9r\u00eats de l\u2019ICE \u00e0 l\u2019approche des<br \/>\n\u00e9lections. Dans des associations comme l\u2019ICE, les fondateurs ont vu la force<br \/>\ndans le nombre. En engageant un grand nombre de d\u00e9put\u00e9s et de candidats<br \/>\net en participant \u00e0 des campagnes de d\u00e9fense des int\u00e9r\u00eats, l\u2019association<br \/>\nsera plus efficace pour faire avancer la cause de ses membres. Une ann\u00e9e<br \/>\n\u00e9lectorale n\u2019est pas le moment d\u2019appuyer sur le bouton \u00ab pause \u00bb, mais<br \/>\nplut\u00f4t le moment de continuer \u00e0 aller de l\u2019avant. <\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 55Return to CONTENTS<\/p>\n<p>AIC Applied<br \/>\nExperience Program<\/p>\n<p>BY DARRELL THORVALDSON, AACI, P. APP<\/p>\n<p>Member, Admissions and Accreditation Committee<\/p>\n<p>EDUCATION<\/p>\n<p>The journey to designation is long and difficult for Candidates with the Appraisal Institute of Canada (AIC). The AIC Applied Experience Program should be a tool to help Candidates through the designation process. In<br \/>\nrecent years, the Admissions and Accreditation Committee (AAC)<br \/>\nhas been evaluating the success of the program and determined it<br \/>\nneeded to be changed. <\/p>\n<p>Many issues with the program have come up over the years,<br \/>\nincluding Candidates forgetting to register and requesting<br \/>\nbackdating, not completing the Progress Report until the end of the<br \/>\nprocess, experiencing poor mentorship, etc. However, the biggest<br \/>\nissue AAC discovered was a lack of mentors. Over the last three<br \/>\nyears, AIC has added over 1,000 new Candidates. The common<br \/>\nperception among membership is that the lack of mentorship is<br \/>\nonly a non-fee issue. Unfortunately, the problem is as significant,<br \/>\nor possibly more so, for fee Candidates. The issue is that many<br \/>\ndesignated Members will co-sign, but not mentor.   <\/p>\n<p>Many Members who have been with AIC for years have asked<br \/>\nhow Candidates can learn without someone to teach them<br \/>\non-the-job skills. Candidates CANNOT learn without the<br \/>\nguidance of other Members. The new program still ensures<br \/>\nCandidates are learning from co-signers and supervisors,<br \/>\nhowever, the administrative aspect of naming a sole mentor<br \/>\nhas been removed. Ideally, Candidates should be learning from<br \/>\nmultiple designated Members.  <\/p>\n<p>The AIC Program of Study is not the same program that it<br \/>\nwas when having a \u2018mentor\u2019 became a requirement. At that time,<br \/>\nthe AIC did not require a university degree, the courses were not<br \/>\ndeveloped with universities, and there was no final written exam.<br \/>\nSo much has changed and the formal mentor needed to change<br \/>\nas well.  <\/p>\n<p>While reviewing this program, the AAC also discovered that<br \/>\nCandidates were not using the Progress Report as a tool to help<br \/>\nthem through their Candidacy, but rather as paperwork to complete<br \/>\nat the end of the Candidacy. This is where the AAC felt the biggest <\/p>\n<p>change needed to happen. How can we develop a tool that ensures<br \/>\nCandidates use the Progress Report? There are 1,800 Candidates<br \/>\nacross Canada. AIC national and provincial affiliates do not have the<br \/>\nability to monitor this.   <\/p>\n<p>By moving the Progress Report online, AIC can use technology<br \/>\n(on the Google machine) to monitor Candidates inputting information.<br \/>\nFor each First Principle and each professional competency,<br \/>\nCandidates must indicate why it is a good example and who<br \/>\nsupervised the work for that individual assignment. This is a<br \/>\nsignificant improvement for the Applied Experience Program and a<br \/>\ntool that will help Candidates succeed.   <\/p>\n<p>The AAC is confident that the required steps for designation<br \/>\nwill ensure that Candidates will have the proper experience and<br \/>\neducation to become successful. This program is now designed to<br \/>\naddress all Candidates whether they are working to earn their CRA<br \/>\nor AACI designation or whether they are fee or non-fee.  <\/p>\n<p>AIC Members applying for designated status must<br \/>\nsuccessfully complete:<\/p>\n<p>\u2022 AIC Program of Study<br \/>\n\u2022 University degree<br \/>\n\u2022 Applied Experience Program<br \/>\n\u2022 Work Product Review (WPR), which tests application of the <\/p>\n<p>Canadian Uniform Standards of Professional Appraisal Practice<br \/>\n(CUSPAP);<\/p>\n<p>\u2022 Applied Experience Exam, which tests the application of First<br \/>\nPrinciples of Value; and<\/p>\n<p>\u2022 Professional Competency Interview (PCI), which tests<br \/>\nachievement of Professional Competencies.<\/p>\n<p>These changes have all been accomplished in a transparent and<br \/>\ncollaborative manner to provide a consistent process for Candidates.<br \/>\nAlthough AIC no longer requires a mentor for Candidates, it is still<br \/>\nimperative that designated Members support the development of<br \/>\nCandidates. We have 3,400 designated Members and we encourage<br \/>\nprofessional relationships with our Candidates to help prepare the<br \/>\nappraisers of the future. <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 56 Return to CONTENTS<\/p>\n<p>PAR DARRELL THORVALDSON, AACI, P. APP<\/p>\n<p>Membre du comit\u00e9 d&rsquo;admissions et d&rsquo;accreditations<\/p>\n<p>Programme d\u2019exp\u00e9rience<br \/>\npratique de l\u2019ICE<\/p>\n<p>\u00c9DUCATION<\/p>\n<p>Le chemin vers la d\u00e9signation est un parcours long et difficile pour les stagiaires de l\u2019Institut canadien des \u00e9valuateurs (ICE). Le Programme d\u2019exp\u00e9rience pratique de l\u2019ICE devrait \u00eatre un outil pour aider les stagiaires tout au long du processus<br \/>\nd\u2019obtention d\u2019une d\u00e9signation. Au cours des derni\u00e8res ann\u00e9es, le Comit\u00e9<br \/>\ndes admissions et de l\u2019accr\u00e9ditation (AAC) a \u00e9valu\u00e9 le succ\u00e8s du programme<br \/>\net d\u00e9termin\u00e9 qu\u2019il devait \u00eatre modifi\u00e9.  <\/p>\n<p>De nombreux probl\u00e8mes li\u00e9s au programme ont surgi au fil des ans,<br \/>\ny compris des stagiaires qui ont oubli\u00e9 de s\u2019inscrire et qui ont demand\u00e9<br \/>\nune inscription r\u00e9troactive, qui n\u2019ont pas rempli le rapport d\u2019avancement<br \/>\navant la fin du processus, qui ont connu un mentorat m\u00e9diocre, etc.<br \/>\nCependant, le plus gros probl\u00e8me d\u00e9couvert par l\u2019AAC a \u00e9t\u00e9 le manque<br \/>\nde mentors. Au cours des trois derni\u00e8res ann\u00e9es, l\u2019ICE a ajout\u00e9 plus de<br \/>\n1 000 nouveaux stagiaires. La perception commune parmi les membres<br \/>\nest que le manque de mentorat n\u2019est un probl\u00e8me que pour les membres<br \/>\nr\u00e9mun\u00e9r\u00e9s. Malheureusement, le probl\u00e8me est tout aussi important, voire<br \/>\nplus important, pour les stagiaires \u00e0 honoraires. Le probl\u00e8me, c\u2019est que de<br \/>\nnombreux membres d\u00e9sign\u00e9s sont pr\u00eats \u00e0 cosigner, mais qu\u2019ils n\u2019agissent<br \/>\npas comme mentors.  <\/p>\n<p>De nombreux membres de l\u2019ICE depuis des ann\u00e9es ont demand\u00e9<br \/>\ncomment les stagiaires peuvent apprendre sans que quelqu\u2019un ne leur<br \/>\nenseigne leurs comp\u00e9tences en cours d\u2019emploi. Les stagiaires NE PEUVENT<br \/>\nPAS apprendre sans les conseils des autres membres. De l\u00e0 est n\u00e9 un<br \/>\nnouveau programme : celui-ci permet toujours aux stagiaires d\u2019apprendre<br \/>\ndes cosignataires et des superviseurs, mais l\u2019aspect administratif de la<br \/>\nnomination d\u2019un mentor unique a \u00e9t\u00e9 supprim\u00e9. Id\u00e9alement, les stagiaires<br \/>\ndevraient apprendre de plusieurs membres d\u00e9sign\u00e9s.   <\/p>\n<p>Le programme d\u2019\u00e9tudes de l\u2019ICE n\u2019est pas le m\u00eame qu\u2019\u00e0 l\u2019\u00e9poque o\u00f9<br \/>\nl\u2019on a commenc\u00e9 \u00e0 exiger un \u00ab mentor \u00bb. A l\u2019\u00e9poque, l\u2019ICE n\u2019exigeait pas<br \/>\nde dipl\u00f4me universitaire, les cours n\u2019\u00e9taient pas \u00e9labor\u00e9s de concert avec<br \/>\nles universit\u00e9s et il n\u2019y avait pas d\u2019examen \u00e9crit final. Tant de choses ayant<br \/>\nchang\u00e9, le mentorat officiel doit aussi changer.  <\/p>\n<p>En examinant ce programme, l\u2019AAC a \u00e9galement d\u00e9couvert que les<br \/>\nstagiaires n\u2019utilisaient pas le rapport d\u2019avancement comme un outil pour les<br \/>\naider \u00e0 poursuivre leur stage, mais plut\u00f4t comme un document \u00e0 remplir \u00e0 <\/p>\n<p>la fin de leur p\u00e9riode de stage. C\u2019est sur ce plan que l\u2019AAC a senti que le plus<br \/>\ngrand changement devait se produire. Comment pouvons-nous d\u00e9velopper<br \/>\nun outil qui assure que les stagiaires utilisent le rapport d\u2019avancement? Il y a<br \/>\n1 800 stagiaires \u00e0 travers le Canada. Les affili\u00e9s nationaux et provinciaux de<br \/>\nl\u2019ICE n\u2019ont pas la capacit\u00e9 de faire le suivi de tout cela. <\/p>\n<p>En faisant du rapport d\u2019avancement un rapport en ligne, l\u2019ICE peut<br \/>\nutiliser la technologie (sur la machine Google) pour suivre les stagiaires qui<br \/>\nentrent des renseignements. Pour chaque principe de base de la valeur et<br \/>\nchaque comp\u00e9tence professionnelle, les stagiaires doivent indiquer pourquoi<br \/>\nil s\u2019agit d\u2019un bon exemple et qui a supervis\u00e9 le travail pour tout contrat de<br \/>\nservice donn\u00e9. Il s\u2019agit d\u2019une am\u00e9lioration importante pour le Programme<br \/>\nd\u2019exp\u00e9rience pratique et un outil qui aidera les stagiaires \u00e0 r\u00e9ussir.     <\/p>\n<p>L\u2019AAC est confiant que les \u00e9tapes requises pour l\u2019obtention d\u2019une<br \/>\nd\u00e9signation permettront de s\u203aassurer que les stagiaires auront l\u2019exp\u00e9rience<br \/>\net la formation n\u00e9cessaires pour r\u00e9ussir. Ce programme est maintenant<br \/>\ncon\u00e7u pour s\u2019adresser \u00e0 tous les stagiaires, qu\u2019ils travaillent pour obtenir<br \/>\nleur d\u00e9signation CRA ou AACI ou qu\u2019ils soient r\u00e9mun\u00e9r\u00e9s ou \u00e0 honoraires.<\/p>\n<p>Les membres de l\u2019ICE qui demandent le statut de membre d\u00e9sign\u00e9<br \/>\ndoivent compl\u00e9ter avec succ\u00e8s : <\/p>\n<p>\u2022 Programme d\u2019\u00e9tudes de l\u2019ICE<br \/>\n\u2022 Dipl\u00f4me universitaire<br \/>\n\u2022 Programme d\u2019exp\u00e9rience pratique<br \/>\n\u2022 Examen du produit du travail (EPP), qui met \u00e0 l\u2019\u00e9preuve l\u2019application des <\/p>\n<p>Normes uniformes de pratique professionnelle en mati\u00e8re d\u2019\u00e9valuation<br \/>\nau Canada (NUPPEC)<\/p>\n<p>\u2022 Examen de l\u2019exp\u00e9rience pratique, qui met \u00e0 l\u2019\u00e9preuve l\u2019application des<br \/>\nprincipes de base de la valeur et<\/p>\n<p>\u2022 Entrevue relative aux comp\u00e9tences professionnelles (ECP), qui teste<br \/>\nl\u2019acquisition des comp\u00e9tences professionnelles.<\/p>\n<p>Ces changements, visant \u00e0 offrir un processus coh\u00e9rent aux stagiaires, ont<br \/>\ntous \u00e9t\u00e9 r\u00e9alis\u00e9s de mani\u00e8re transparente et en collaboration. Bien que l\u2019ICE<br \/>\nn\u2019exige plus que les stagiaires aient un mentor, il est toujours imp\u00e9ratif que<br \/>\nles membres d\u00e9sign\u00e9s soutiennent le perfectionnement des stagiaires. Nous<br \/>\ncomptons 3 400 membres d\u00e9sign\u00e9s et nous encourageons les relations<br \/>\nprofessionnelles avec nos stagiaires pour aider \u00e0 pr\u00e9parer la rel\u00e8ve. <\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 57Return to CONTENTS<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 58 Return to 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 <\/p>\n<p>the AIC, commend the following Members who completed the rigorous requirements for accreditation as a Designated <\/p>\n<p>Member of the AIC during the period February 12, 2019 to May 3, 2019:<\/p>\n<p>L\u2019Institut canadien des \u00e9valuateurs (ICE), en collaboration avec les associations provinciales et les organismes provinciaux <\/p>\n<p>affili\u00e9s \u00e0 l\u2019ICE, f\u00e9licitent les membres suivants qui ont compl\u00e9t\u00e9 le programme rigoureux d\u2019accr\u00e9ditation \u00e0 titre de membre <\/p>\n<p>d\u00e9sign\u00e9 de l\u2019ICE durant la p\u00e9riode du 12 f\u00e9vrier, 2019 au 3 mai, 2019 :<\/p>\n<p>AIC designations granted \/ D\u00e9signations obtenues de l\u2019ICE<\/p>\n<p>AIC welcomed the following new Candidate members during the  <\/p>\n<p>period February 12, 2019 to May 3, 2019:<\/p>\n<p>L\u2019ICE souhaite la bienvenue aux personnes suivantes qui ont joint les rangs des <\/p>\n<p>membres stagiaires durant la p\u00e9riode du 12 f\u00e9vrier, 2019 au 3 mai, 2019 :<\/p>\n<p>AACI, P.App<br \/>\nAccredited Appraiser Canadian Institute<\/p>\n<p>Candidates \/ Stagiaires<\/p>\n<p>CRA, P.App<br \/>\nCanadian Residential Appraiser<\/p>\n<p>Alberta<br \/>\nMark N. Sandul<br \/>\nSean Kieran Ward<\/p>\n<p>British Columbia \/<br \/>\nColombie-Britannique<\/p>\n<p>Margaret Bowden<br \/>\nMichelle Cheung<br \/>\nLiam Fast<br \/>\nJeff Ross Frumento<br \/>\nQue-Tran Hoang<br \/>\nFang Xia (Tony)  Liu<br \/>\nKelly Riley<br \/>\nEric Yuen<\/p>\n<p>Alberta<br \/>\nTracy Lee Wood<\/p>\n<p>British Columbia \/<br \/>\nColombie-Britannique<\/p>\n<p>Berk Aktug<\/p>\n<p>New Brunswick \/<br \/>\nNouveau-Brunswick<\/p>\n<p>Kenneth Stephenson<\/p>\n<p>Newfoundland \/<br \/>\nTerre-Neuve<\/p>\n<p>Mike Barry<\/p>\n<p>Ontario<br \/>\nPradeepan Amalakuhan<br \/>\nMaria Ashfaq<br \/>\nChristopher J. Bol<br \/>\nJacqueline M. Boland<br \/>\nMatthew A. Burns<br \/>\nWarren  Coffell<br \/>\nIvy Lo<br \/>\nChristopher J. Mason<br \/>\nRachelle  McLean<br \/>\nCurtis  Payerl<br \/>\nEric W. Sutton<\/p>\n<p>Quebec \/ Qu\u00e9bec<br \/>\nManuel Bri\u00e8re<\/p>\n<p>Ontario<br \/>\nCatherine Gulliver<br \/>\nMichele Hammerton<br \/>\nRoham Izadi<br \/>\nJawahar Lal Mahindru<br \/>\nHeather Roy<br \/>\nMatthias Schmidt<br \/>\nWilliam Trevor Vane<\/p>\n<p>Alberta<br \/>\nJessica Rocque<br \/>\nDierdrea Swinden<br \/>\nJeongmin Rick Yoon<\/p>\n<p>British Columbia \/<br \/>\nColombie-Britannique<\/p>\n<p>Matt Seok Woon Choi<br \/>\nKulbir Singh Dhaliwal<br \/>\nMatthew Robert Filatoff<br \/>\nGarnet Carl Klatt<br \/>\nEdward (Mu Yen) Lu<br \/>\nJacob Park<br \/>\nSonia Prasad<br \/>\nScott Justin Stevens<\/p>\n<p>New Brunswick \/<br \/>\nNouveau-Brunswick<\/p>\n<p>Miranda L. Burnett<\/p>\n<p>Nova Scotia \/<br \/>\nNouvelle-\u00c9cosse<\/p>\n<p>Megan Atwell<\/p>\n<p>Ontario<br \/>\nKendra Barclay<br \/>\nChantelle DeWeerd<br \/>\nLorraine Gagnon<br \/>\nZishan HUANG<br \/>\nAshish Mahajan<br \/>\nMarc Major<\/p>\n<p>Florenz Gail Ongkingco<br \/>\nSvetlana Patel<br \/>\nTed Sturk<br \/>\nBharatkumar Trivedi<\/p>\n<p>Quebec \/ Qu\u00e9bec<br \/>\nKarl Adams Belony<br \/>\nMichele Laurin<br \/>\nCathy Moscato<\/p>\n<p>British Columbia <\/p>\n<p>Brett Walker<\/p>\n<p>Manitoba <\/p>\n<p>Kelly A. Hawes<\/p>\n<p>Students \/ \u00c9tudiants<br \/>\nThis category of membership serves as the first step on the path to <\/p>\n<p>designation for those completing their requirements  <\/p>\n<p>for Candidate membership. Students considering the appraisal profession <\/p>\n<p>as a career option are also welcomed to this category of membership.<\/p>\n<p>Cette cat\u00e9gorie d&rsquo;adh\u00e9sion constitue la premi\u00e8re \u00e9tape sur la voie de <\/p>\n<p>la d\u00e9signation pour ceux qui s\u2019affairent \u00e0 compl\u00e9ter les exigences de la <\/p>\n<p>cat\u00e9gorie de membres stagiaire. Les \u00e9tudiants qui contemplent une carri\u00e8re <\/p>\n<p>comme \u00e9valuateur professionnel  <\/p>\n<p>sont acceuillis dans cette cat\u00e9gorie de membres.<\/p>\n<p>New Brunswick \/<br \/>\nNouveau-Brunswick<\/p>\n<p>Andrew Barry<\/p>\n<p>Ontario <\/p>\n<p>Farah Behnam<br \/>\nAshita Chandra<br \/>\nEvelyn Erivwo<\/p>\n<p>Krista Fisk<br \/>\nFang Guo<br \/>\nEric Marc Leduc<br \/>\nJashen So<br \/>\nTaewon Son<br \/>\nDoug Walterhouse<br \/>\nAlex Yu<\/p>\n<p>T his year\u2019s winners of the prestigious Appraisal Institute of Canada (AIC) Top Appraiser Under 40 award are Samantha Lawrek, AACI, P. App. and Nicholas Ruta, AACI, P. App. The award<br \/>\nrecognizes exceptional young appraisal professionals who<br \/>\nare making their marks within the appraisal profession<br \/>\nand their respective communities. Chosen from nominees<br \/>\nacross Canada, Nicholas and Samantha are bright lights<br \/>\nin our profession, whose significant career and community<br \/>\naccomplishments make them worthy recipients of this<br \/>\nyear\u2019s honours. <\/p>\n<p>And the winners are\u2026 <\/p>\n<p>Samantha Lawrek,<br \/>\nAACI, P. App<br \/>\nPartner, Brunsdon<br \/>\n\u2013 Lawrek and<br \/>\nAssociates Real<br \/>\nEstate Appraisals<br \/>\nand Advisory<br \/>\nServices<\/p>\n<p>\u201cFor me personally, winning the<br \/>\nTop Appraiser Under 40 award <\/p>\n<p>means that I have contributed something meaningful to the appraisal<br \/>\ncommunity,\u201d states Samantha proudly. \u201cIt is recognition of my efforts by<br \/>\nmy peers that I have the capacity to be a leader in our profession and in<br \/>\nthe business world. It is the proudest moment of my career.\u201d<\/p>\n<p>Samantha has been a real estate appraiser in Regina since 2008 and<br \/>\na partner in an appraisal firm of 21 people, with offices in Regina and<br \/>\nSaskatoon since 2011. <\/p>\n<p>She is a BA graduate from the University of Regina, obtained her<br \/>\nPost-Graduate Certificate in Real Estate Valuation from UBC, is Argus<br \/>\nDiscounted Cash Flow Software Certified, and achieved her AACI<br \/>\ndesignation in 2012.<\/p>\n<p>Her appraisal experience covers a broad spectrum of commercial,<br \/>\ninstitutional, multi residential and industrial properties, with specialties<br \/>\nthat include the valuation of high-rise office towers, shopping centres,<br \/>\nand commercial\/industrial\/hotel-motel\/land development valuation, as<br \/>\nwell as market lease analysis. Most notably, she appraises a portfolio of<br \/>\nseven Class A high-rise office towers for a major developer and North<br \/>\nAmerican investment management company. <\/p>\n<p>Samantha conducts a high volume of work with an average of 140<br \/>\nappraisals completed personally every year for the last three years. Many<br \/>\nof those are high value, complex assignments that would normally be<br \/>\nperformed by a more senior appraiser.<\/p>\n<p>In addition to her property valuations, Samantha also provides a yearly<br \/>\nmarket presentation to a group of real estate investors as requested by<br \/>\nRBC Royal Bank. As well, she contributes market information to Colliers,<br \/>\nICR Commercial Real Estate and Harvard developments for publishing of<br \/>\ntheir market reports, and regularly provides market updates for the local<br \/>\ncredit unions and major commercial banks.<\/p>\n<p>Samantha has gained a reputation in the development community for<br \/>\nhonesty and integrity. Developers and local realtors regularly solicit her<br \/>\nvalue opinions in order to guide in them in providing the most accurate<br \/>\nlistings, as well as making market level acquisitions and dispositions. <\/p>\n<p>Recognizing the difficulty in gaining access to information to complete<br \/>\nthe Institute\u2019s AACI designation, Samantha has assisted a number of<br \/>\nnon-fee appraisers in the Regina market to achieve their designation by<br \/>\nhelping to provide information and access to local investment properties<br \/>\nthat they can use in case studies, classes and demonstration reports to<br \/>\nmeet AIC criteria. She has also worked with local non-fee appraisers to<br \/>\nprovide work product review that would normally not be accessible to<br \/>\nthem. In addition to this, she is a mentor and co-signor to four Candidate<br \/>\nappraisers who she works with on a daily basis.<\/p>\n<p>When not busy with her extremely heavy workload, Samantha<br \/>\nmakes the time to volunteer with the Appraisal Institute of<br \/>\nCanada. She is currently serving on the AIC\u2019s Professional Practice<br \/>\nCommittee (Standards Committee), is the current President of the<br \/>\nAIC Saskatchewan Chapter, and has served on the Saskatchewan<br \/>\nChapter\u2019s Board of Directors as Chair of Professional Development,<br \/>\nand as a member of both its Professional Development Committee and<br \/>\nMarketing Sub-Committee.<\/p>\n<p>Having been a member of the University of Regina and Canadian<br \/>\nNational volleyball teams (2000-2005), outside of her career activities<br \/>\nSamantha is a certified volleyball coach who has worked with many club,<br \/>\nprovincial and university level teams over the past 15 years. She regularly<br \/>\ncompletes coaching clinics for local club teams (ages14-18). She was<br \/>\ninstrumental in establishing a grass roots development volleyball<br \/>\nprogram for kids ages 4-7 and is currently coaching her three daughters <\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 59Return to CONTENTS<\/p>\n<p>NEWS\/NOUVELLES<\/p>\n<p>NEWS\/NOUVELLES<\/p>\n<p>(ages 5-11). She has also served as the Chair of High Performance for the<br \/>\nSaskatchewan Volleyball Association. <\/p>\n<p>Though not actively teaching at the current time, Samantha is also a<br \/>\nYoga teacher who received her 200-hour teaching certification in 2018. <\/p>\n<p>Nicholas Ruta,<br \/>\nAACI, P. App<br \/>\nArea Coordinator,<br \/>\nOffice Portfolio \u2013<br \/>\nCity of Winnipeg<br \/>\nAssessment and<br \/>\nTaxation Department<\/p>\n<p>\u201cI am incredibly humbled to receive this<br \/>\naward, and tremendously grateful that<br \/>\nthis opportunity exists,\u201d says Nicholas. <\/p>\n<p>\u201cI am indebted to my mentors and colleagues for encouraging me to<br \/>\ncontribute to the profession and give back to the AIC. From an early age it<br \/>\nwas instilled in me to learn and continuously improve in all aspects of my<br \/>\nlife. Not only does this recognition provide gratification that I am on the right<br \/>\ntrack, but inspiration to improve myself professionally and further contribute<br \/>\nto the appraisal profession. In particular, I also want to give special<br \/>\nrecognition to my wife Julia for always being supportive of my ambitions.\u201d <\/p>\n<p>In his management position with the City of Winnipeg, Nicholas<br \/>\noversees the analysis, development, maintenance and defense of mass<br \/>\nappraised values for a portfolio of more than 2,400 Winnipeg office<br \/>\nproperties valued at over $6.5 billion dollars. As the youngest manager in<br \/>\nthe department, he is responsible for organizing, planning and supervising<br \/>\nthe daily work activity of his 11-member team to whom he also provides<br \/>\nguidance and training on appraisal theory, valuation principals, legislative<br \/>\ninterpretation, and litigation techniques and expert witness testimony on<br \/>\nvaluation defense. <\/p>\n<p>Nicholas possesses an unwavering ambition for learning, growth and<br \/>\ncontinuous improvement. His accomplishments in this regard include a<br \/>\nBachelor of Commerce (Honours) Degree from the University of Manitoba,<br \/>\na Post-Graduate Certificate in Real Property Valuation from UBC, a<br \/>\nDiploma in Urban Land Economics from UBC, an AACI designation from<br \/>\nAIC, an A.A.M designation from the Association of Assessing Officers of<br \/>\nManitoba, and a Masters of Public Administration with Distinction from<br \/>\nthe Universities of Manitoba and Winnipeg.<\/p>\n<p>Believing in the importance of making a contribution to the profession<br \/>\nbeyond his work responsibilities, Nicholas is involved with the Appraisal<br \/>\nInstitute of Canada at both the national and provincial levels. Nationally,<br \/>\nhe is a member of both the Professional Practice Committee (Standards<br \/>\nSub-Committee) and the Advocacy Committee (Manitoba Representative).<br \/>\nWith the AIC Manitoba Chapter he is currently the President Elect, and<br \/>\nhas served as Secretary Treasurer, Provincial Director and Co-Chair of the<br \/>\nCommunications Committee.<\/p>\n<p>Nicholas has volunteered in a variety of capacities at the AIC National<br \/>\nlevel. He assisted in creating the AIC\u2019s How to Value Your Renovations <\/p>\n<p>brochure, he was a consultant on the CUSPAP 2018 Mass Appraisal<br \/>\nStandard, and, as a member of the Standards Sub-Committee, is<br \/>\ncurrently involved in creating, re-writing and updating the CUSPAP 2020<br \/>\nMass Appraisal Standard. <\/p>\n<p>In February of this year, Nicholas attended the AIC\u2019s Parliament Hill<br \/>\nDay in Ottawa and spoke to Federal MPs regarding the important role of<br \/>\nthe AIC and its Members, as well as the AIC\u2019s recommendations on B-20<br \/>\nMortgage Lending Guidelines and Cannabis (home cultivation) awareness.<\/p>\n<p>Nicholas has also represented the appraisal profession through<br \/>\npresenting at various conferences. Last year, on behalf of AIC National,<br \/>\nhe co-facilitated and delivered a presentation on the importance of<br \/>\nindependent, unbiased valuation expertise in a Mass Appraisal System<br \/>\nat the Canadian Property Tax Association National Workshop in Victoria.<br \/>\nHe has also presented on cost\/benefit analysis and its application in real<br \/>\nestate valuation at the Association of Assessing Officers of Manitoba<br \/>\nAnnual Conference in Winnipeg.<\/p>\n<p>Understanding the importance of developing future appraisers and<br \/>\nassessors, Nicholas has mentored AIC Candidate Members toward<br \/>\ntheir AACI designations, and conducted oral examinations and marked<br \/>\nwritten demonstration reports for the Association of Assessing Officers<br \/>\nof Manitoba. He also assists in organizing the Assessment and Taxation<br \/>\nDepartment\u2019s monthly lunchtime seminars that educate staff members<br \/>\non various competencies, tasks, and processes. <\/p>\n<p>When not immersed in his busy career activities, Nicholas sings<br \/>\nin the Hoosli Ukrainian Male Chorus, plays harmonica in a blues<br \/>\nband, and performs in a yearly benefit concert to raise funds for<br \/>\nCancer Care Manitoba. <\/p>\n<p>The following AIC Members have passed away. On behalf of<br \/>\neveryone connected with the Institute and the profession, we extend<br \/>\nour sincerest sympathies to their families, friends and associates. <\/p>\n<p>Les membres suivants de l&rsquo;ICE sont d\u00e9c\u00e9d\u00e9s. Au nom de tous<br \/>\nceux qui oeuvrent de pr\u00e8s ou de loin au sein de l\u2019Institut et de la<br \/>\nprofession, nous exprimons nos plus sinc\u00e8res condol\u00e9ances \u00e0<br \/>\nleurs familles, amis et associ\u00e9s.<\/p>\n<p>Darren Black, AACI, P.App<\/p>\n<p>Airdrie, AB<\/p>\n<p>Greg Macdonald, AACI, P.App<\/p>\n<p>Calgary, AB<\/p>\n<p>Robert (Bob) E. Stewart, AACI, P.App<\/p>\n<p>Barie, ON<\/p>\n<p>In Memoriam\/<br \/>\nEn memoire<\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 60 Return to CONTENTS<\/p>\n<p>L es laur\u00e9ats de cette ann\u00e9e du prestigieux prix du Meilleur \u00e9valuateur de moins de 40 ans de l\u2019Institut canadien des \u00e9valuateurs (ICE) sont Samantha Lawrek, AACI, P. App. et Nicholas Ruta, AACI,<br \/>\nP. App. Ce prix r\u00e9compense les jeunes professionnels de<br \/>\nl\u2019\u00e9valuation qui font leur marque de fa\u00e7on exceptionnelle<br \/>\nau sein de la profession d\u2019\u00e9valuateur et de leur collectivit\u00e9<br \/>\nrespective. Choisis parmi les candidats de partout au Canada,<br \/>\nNicholas et Samantha sont de brillantes lumi\u00e8res dans notre<br \/>\nprofession, dont les importantes r\u00e9alisations professionnelles<br \/>\net communautaires en font des r\u00e9cipiendaires dignes des<br \/>\nhonneurs de cette ann\u00e9e.<\/p>\n<p>Et les laur\u00e9ats sont\u2026<\/p>\n<p>Samantha Lawrek,<br \/>\nAACI, P. App<br \/>\nAssoci\u00e9e, Brunsdon<br \/>\nLawrek and<br \/>\nAssociates \u2013 Services<br \/>\nd\u2019\u00e9valuation et<br \/>\nd\u2019expert-conseil en<br \/>\nimmobilier<\/p>\n<p>\u00ab Pour moi personnellement, le fait<br \/>\nd\u2019avoir remport\u00e9 le prix de meilleure <\/p>\n<p>\u00e9valuatrice de moins de 40 ans signifie que j\u2019ai apport\u00e9 quelque chose<br \/>\nde significatif \u00e0 la communaut\u00e9 de l\u2019\u00e9valuation, d\u00e9clare Samantha<br \/>\navec fiert\u00e9. C\u2019est la reconnaissance de mes efforts par mes pairs<br \/>\nque j\u2019ai la capacit\u00e9 d\u2019\u00eatre un leader dans notre profession et dans le<br \/>\nmonde des affaires. C\u2019est le moment de ma carri\u00e8re qui me procure le<br \/>\nplus de fiert\u00e9. \u00bb <\/p>\n<p>Samantha est \u00e9valuatrice immobili\u00e8re \u00e0 Regina depuis 2008<br \/>\net, depuis 2011, associ\u00e9e au sein d\u2019un cabinet d\u2019\u00e9valuation de 21<br \/>\npersonnes, ayant des bureaux \u00e0 Regina et \u00e0 Saskatoon depuis 2011. <\/p>\n<p>Elle est titulaire d\u2019un baccalaur\u00e9at \u00e8s arts de l\u2019Universit\u00e9 de<br \/>\nRegina, a obtenu un certificat d\u2019\u00e9tudes sup\u00e9rieures en \u00e9valuation<br \/>\nimmobili\u00e8re de l\u2019Universit\u00e9 de la Colombie-Britannique, est utilisatrice<br \/>\ncertifi\u00e9e Argus Discounted Cash Flow Software et a obtenu sa<br \/>\nd\u00e9signation AACI en 2012. <\/p>\n<p>Son exp\u00e9rience en \u00e9valuation couvre un large \u00e9ventail de<br \/>\npropri\u00e9t\u00e9s commerciales, institutionnelles, multir\u00e9sidentielles<br \/>\net industrielles, touchant des sp\u00e9cialit\u00e9s qui incluent l\u2019\u00e9valuation<br \/>\nde tours de bureaux, de centres commerciaux et d\u2019immeubles<br \/>\ncommerciaux\/industriels\/h\u00f4tels-motels\/d\u00e9veloppement foncier,<br \/>\nainsi que l\u2019analyse de baux commerciaux. Plus particuli\u00e8rement, <\/p>\n<p>elle \u00e9value un portefeuille de sept tours de bureaux de cat\u00e9gorie A<br \/>\npour un important promoteur immobilier et une soci\u00e9t\u00e9 de gestion de<br \/>\nplacements nord-am\u00e9ricaine. <\/p>\n<p>Samantha produit un volume de travail \u00e9lev\u00e9, ayant r\u00e9alis\u00e9<br \/>\npersonnellement en moyenne 140 \u00e9valuations par ann\u00e9e au cours<br \/>\ndes trois derni\u00e8res ann\u00e9es. Il s\u2019agit souvent de contrats de service<br \/>\ncomplexes et de grande valeur qui seraient normalement ex\u00e9cut\u00e9s par<br \/>\nun \u00e9valuateur plus exp\u00e9riment\u00e9. <\/p>\n<p>En plus de son travail d\u2019\u00e9valuation immobili\u00e8re, Samantha pr\u00e9sente<br \/>\nun expos\u00e9 annuel sur le march\u00e9 \u00e0 un groupe d\u2019investisseurs immobiliers,<br \/>\n\u00e0 la demande de RBC Banque Royale. De plus, elle fournit de<br \/>\nl\u2019information sur les march\u00e9s \u00e0 Colliers, ICR Commercial Real Estate et<br \/>\nHarvard Developments pour la publication de leurs rapports de march\u00e9,<br \/>\net fournit r\u00e9guli\u00e8rement des mises \u00e0 jour sur les march\u00e9s aux caisses<br \/>\npopulaires locales et aux grandes banques commerciales. <\/p>\n<p>Samantha a acquis une r\u00e9putation d\u2019honn\u00eatet\u00e9 et d\u2019int\u00e9grit\u00e9 dans<br \/>\nla communaut\u00e9 du d\u00e9veloppement. Les promoteurs et les courtiers<br \/>\nimmobiliers locaux sollicitent r\u00e9guli\u00e8rement son opinion sur la valeur<br \/>\nafin de les aider \u00e0 fournir les inscriptions les plus exactes possible,<br \/>\nainsi qu\u2019\u00e0 faire des acquisitions et des cessions en fonction du march\u00e9.  <\/p>\n<p>Consciente de la difficult\u00e9 d\u2019acc\u00e9der \u00e0 l\u2019information n\u00e9cessaire pour<br \/>\nobtenir la d\u00e9signation AACI de l\u2019Institut, Samantha a aid\u00e9 un certain<br \/>\nnombre d\u2019\u00e9valuateurs r\u00e9mun\u00e9r\u00e9s sur le march\u00e9 de Regina \u00e0 obtenir leur<br \/>\nd\u00e9signation en les aidant \u00e0 obtenir de l\u2019information sur des immeubles de<br \/>\nplacement locaux qu\u2019ils peuvent utiliser dans des \u00e9tudes de cas, classes<br \/>\net rapports de d\u00e9monstration pour satisfaire aux crit\u00e8res de l\u2019Institut.<br \/>\nElle a \u00e9galement travaill\u00e9 avec des \u00e9valuateurs locaux r\u00e9mun\u00e9r\u00e9s pour<br \/>\nfournir un examen du produit du travail qui ne leur serait normalement pas<br \/>\naccessible. De plus, elle est mentor et cosignataire de quatre \u00e9valuateurs<br \/>\nstagiaires avec lesquels elle travaille quotidiennement. <\/p>\n<p>Lorsqu\u2019elle n\u2019est pas occup\u00e9e par sa charge de travail extr\u00eamement<br \/>\nlourde, Samantha prend le temps de faire du b\u00e9n\u00e9volat \u00e0 l\u2019Institut <\/p>\n<p>Volume 63 | Book 2 \/ Tome 2 | 2019 61Return to CONTENTS<\/p>\n<p>NEWS\/NOUVELLES<\/p>\n<p>NEWS\/NOUVELLES<\/p>\n<p>canadien des \u00e9valuateurs. Elle si\u00e8ge actuellement au Comit\u00e9 de pratique<br \/>\nprofessionnelle de l\u2019ICE (Sous-comit\u00e9 des normes), est l\u2019actuelle<br \/>\npr\u00e9sidente de la section Saskatchewan de l\u2019ICE et a si\u00e9g\u00e9 au conseil<br \/>\nd\u2019administration de la section Saskatchewan \u00e0 titre de pr\u00e9sidente<br \/>\ndu perfectionnement professionnel et de membre de son Comit\u00e9 de<br \/>\nperfectionnement professionnel et de son Sous-comit\u00e9 du marketing. <\/p>\n<p>Ayant \u00e9t\u00e9 membre de l\u2019\u00e9quipe de volley-ball de l\u2019Universit\u00e9 de<br \/>\nRegina et de l\u2019\u00e9quipe nationale de volley-ball du Canada (2000-2005),<br \/>\nSamantha est, en marge de ses activit\u00e9s professionnelles, une<br \/>\nentra\u00eeneuse de volley-ball certifi\u00e9e qui a travaill\u00e9 avec plusieurs<br \/>\n\u00e9quipes aux niveaux local, provincial et universitaire au cours<br \/>\ndes 15 derni\u00e8res ann\u00e9es. Elle dirige r\u00e9guli\u00e8rement des cliniques<br \/>\nd\u2019entra\u00eenement pour des \u00e9quipes locales (14-18 ans). Elle a jou\u00e9 un r\u00f4le<br \/>\nd\u00e9terminant dans l\u2019\u00e9tablissement d\u2019un programme de d\u00e9veloppement<br \/>\ndu volley-ball de base pour les enfants de 4 \u00e0 7 ans et elle entra\u00eene<br \/>\nactuellement ses trois filles (de 5 \u00e0 11 ans). Elle a \u00e9galement \u00e9t\u00e9<br \/>\npr\u00e9sidente du comit\u00e9 de haute performance de la Saskatchewan<br \/>\nVolleyball Association.  <\/p>\n<p>Bien qu\u2019elle n\u2019enseigne pas activement \u00e0 l\u2019heure actuelle,<br \/>\nSamantha est aussi une enseignante de yoga qui a re\u00e7u son certificat<br \/>\nd\u2019enseignement de 200 heures en 2018. <\/p>\n<p>Nicholas Ruta,<br \/>\nAACI, P. App<br \/>\nCoordonnateur<br \/>\nr\u00e9gional, Portefeuille<br \/>\nbureau \u2013 Service de<br \/>\nl\u2019\u00e9valuation et de la<br \/>\ntaxe fonci\u00e8re de la<br \/>\nVille de Winnipeg <\/p>\n<p>\u00ab Je suis incroyablement honor\u00e9<br \/>\nde recevoir ce prix et extr\u00eamement <\/p>\n<p>reconnaissant de l\u2019occasion qui m\u2019est offerte, dit Nicholas. Je suis<br \/>\nredevable \u00e0 mes mentors et coll\u00e8gues de m\u2019avoir encourag\u00e9 \u00e0<br \/>\ncontribuer \u00e0 la profession et \u00e0 redonner \u00e0 l\u2019ICE. D\u00e8s mon plus jeune<br \/>\n\u00e2ge, il m\u2019a \u00e9t\u00e9 inculqu\u00e9 d\u2019apprendre et de m\u2019am\u00e9liorer continuellement<br \/>\ndans tous les aspects de ma vie. Ce prix me donne, non seulement la<br \/>\nsatisfaction d\u2019\u00eatre sur la bonne voie, mais aussi l\u2019inspiration de continuer<br \/>\n\u00e0 m\u203aam\u00e9liorer sur le plan professionnel et \u00e0 contribuer davantage \u00e0 la<br \/>\nprofession d\u203a\u00e9valuateur. En particulier, je veux aussi rendre hommage \u00e0<br \/>\nma femme Julia qui m\u203aa toujours soutenu dans mes ambitions. \u00bb  <\/p>\n<p>Dans le cadre de ses fonctions de gestion \u00e0 la Ville de Winnipeg,<br \/>\nNicholas supervise l\u2019analyse, le d\u00e9veloppement, l\u2019entretien et la<br \/>\nd\u00e9fense de l\u2019\u00e9valuation de masse pour un portefeuille de plus de 2 400<br \/>\nimmeubles de bureaux de Winnipeg \u00e9valu\u00e9s \u00e0 plus de 6,5 milliards<br \/>\nde dollars. En tant que plus jeune gestionnaire de ce service, il est<br \/>\nresponsable de l\u2019organisation, de la planification et de la supervision<br \/>\ndes activit\u00e9s quotidiennes de son \u00e9quipe de 11 membres \u00e0 qui il fournit<br \/>\n\u00e9galement des conseils et de la formation sur la th\u00e9orie de l\u2019\u00e9valuation, <\/p>\n<p>les principes d\u2019\u00e9valuation, l\u2019interpr\u00e9tation des lois, les techniques de<br \/>\nlitige et les t\u00e9moignages d\u2019experts en d\u00e9fense de l\u2019\u00e9valuation. <\/p>\n<p>Nicholas a une ambition in\u00e9branlable d\u2019apprentissage, de croissance<br \/>\net d\u2019am\u00e9lioration continue. Ses r\u00e9alisations \u00e0 cet \u00e9gard comprennent<br \/>\nun baccalaur\u00e9at en commerce (avec distinction) de l\u2019Universit\u00e9 du<br \/>\nManitoba, un certificat d\u2019\u00e9tudes sup\u00e9rieures en \u00e9valuation des biens<br \/>\nimmobiliers de l\u2019Universit\u00e9 de la Colombie-Britannique, un dipl\u00f4me en<br \/>\n\u00e9conomie fonci\u00e8re urbaine de l\u2019Universit\u00e9 de la Colombie-Britannique,<br \/>\nune d\u00e9signation d\u2019AACI, une d\u00e9signation de l\u2019Association of Assessing<br \/>\nOfficers of Manitoba et une ma\u00eetrise en administration publique avec<br \/>\ndistinction des universit\u00e9s du Manitoba et de Winnipeg. <\/p>\n<p>Convaincu de l\u2019importance d\u2019apporter une contribution \u00e0 la profession<br \/>\nau-del\u00e0 de ses responsabilit\u00e9s professionnelles, Nicholas participe aux<br \/>\nactivit\u00e9s de l\u2019Institut canadien des \u00e9valuateurs tant au niveau national que<br \/>\nprovincial. \u00c0 l\u2019\u00e9chelle nationale, il est membre du Comit\u00e9 de la pratique<br \/>\nprofessionnelle (Sous-comit\u00e9 des normes) et du Comit\u00e9 de d\u00e9fense des<br \/>\nint\u00e9r\u00eats (repr\u00e9sentant du Manitoba). Au sein de la section du Manitoba de<br \/>\nl\u2019ICE, il est actuellement pr\u00e9sident d\u00e9sign\u00e9 et a \u00e9t\u00e9 secr\u00e9taire-tr\u00e9sorier,<br \/>\nadministrateur provincial et copr\u00e9sident du Comit\u00e9 des communications. <\/p>\n<p>Nicholas a fait du b\u00e9n\u00e9volat \u00e0 divers titres au niveau national de<br \/>\nl\u2019ICE. Il a particip\u00e9 \u00e0 la cr\u00e9ation de la brochure de l\u2019ICE intitul\u00e9e How to<br \/>\nValue Your Renovations, il a \u00e9t\u00e9 consultant lors de l\u2019\u00e9laboration de la<br \/>\nNorme d\u2019\u00e9valuation de masse des NUPPEC 2018 et, en tant que membre<br \/>\ndu Sous-comit\u00e9 des normes, il participe actuellement \u00e0 la cr\u00e9ation, \u00e0<br \/>\nla r\u00e9vision et \u00e0 la mise \u00e0 jour de la Norme d\u2019\u00e9valuation de masse des<br \/>\nNUPPEC 2020. <\/p>\n<p>En f\u00e9vrier dernier, Nicholas a assist\u00e9 \u00e0 la Journ\u00e9e de l\u2019ICE sur la<br \/>\nColline du Parlement \u00e0 Ottawa et s\u203aest adress\u00e9 aux d\u00e9put\u00e9s f\u00e9d\u00e9raux<br \/>\nau sujet du r\u00f4le important de l\u203aICE et de ses membres, ainsi que des<br \/>\nrecommandations de l\u2019ICE sur les Lignes directrices sur les pr\u00eats<br \/>\nhypoth\u00e9caires B-20 et la sensibilisation au cannabis (culture domestique).<\/p>\n<p>Nicholas a \u00e9galement repr\u00e9sent\u00e9 la profession de l\u2019\u00e9valuation \u00e0 titre<br \/>\nde conf\u00e9rencier \u00e0 divers \u00e9v\u00e9nements. L\u2019an dernier, au nom du bureau<br \/>\nnational de l\u2019ICE, il a coanim\u00e9 et pr\u00e9sent\u00e9 un expos\u00e9 sur l\u2019importance<br \/>\nd\u2019une expertise ind\u00e9pendante et impartiale en mati\u00e8re d\u2019\u00e9valuation<br \/>\ndans un syst\u00e8me d\u2019\u00e9valuation de masse lors de l\u2019atelier national de<br \/>\nl\u2019Association canadienne de taxe fonci\u00e8re \u00e0 Victoria. Il a \u00e9galement fait<br \/>\nune pr\u00e9sentation sur l\u2019analyse co\u00fbts-avantages et son application \u00e0<br \/>\nl\u2019\u00e9valuation immobili\u00e8re \u00e0 la conf\u00e9rence annuelle de l\u2019Association of<br \/>\nAssessing Officers of Manitoba \u00e0 Winnipeg.<\/p>\n<p>Conscient de l\u2019importance de former de futurs \u00e9valuateurs, Nicholas<br \/>\na encadr\u00e9 des membres stagiaires de l\u2019ICE travaillant \u00e0 l\u2019obtention de<br \/>\nleur titre d\u2019AACI, et a organis\u00e9 des examens oraux et not\u00e9 des rapports<br \/>\nde d\u00e9monstration \u00e9crits pour l\u2019Association of Assessing Officers of<br \/>\nManitoba. Il participe \u00e9galement \u00e0 l\u2019organisation des s\u00e9minaires mensuels<br \/>\ndu Service de l\u2019\u00e9valuation et de la fiscalit\u00e9 tenus \u00e0 l\u203aheure du d\u00eener, au<br \/>\ncours desquels les membres du personnel se familiarisent avec diverses<br \/>\ncomp\u00e9tences, t\u00e2ches et processus.  <\/p>\n<p>Lorsqu\u2019il n\u2019est pas plong\u00e9 dans ses activit\u00e9s professionnelles tr\u00e8s<br \/>\ncharg\u00e9es, Nicholas chante dans le Hoosli Ukrainian Male Chorus, joue de<br \/>\nl\u2019harmonica dans un groupe de blues et participe \u00e0 un concert b\u00e9n\u00e9fice<br \/>\nannuel pour recueillir des fonds pour Cancer Care Manitoba. <\/p>\n<p>Canadian Property Valuation  |  \u00c9valuation Immobili\u00e8re au Canada 62 Return to CONTENTS<\/p>\n<p>Valuation &#038; Advisory Services<\/p>\n<p>Join us and make<br \/>\na difference<\/p>\n<p>Learn how you can experience the difference at<\/p>\n<p>avisonyoung.com\/valuations<\/p>\n<p>Avison Young is<br \/>\ngrowing. It is the<br \/>\nworld\u2019s fastest-growing<br \/>\ncommercial real estate<br \/>\nservices firm. Why? Because we<br \/>\nare different.<\/p>\n<p>Avison Young employees are educated,<br \/>\nenabled and empowered to make a<br \/>\ndifference: a difference for clients, a difference for<br \/>\nthe community and a difference for personal career<br \/>\nand well-being. We offer a unique approach, culture<br \/>\nand values with a focus on equality that are leading new<br \/>\nemployees to join us every day.<\/p>\n<p>Avison Young Valuation and Advisory Services is expanding nationally.<br \/>\nWe are looking for individuals, teams and companies seeking an<br \/>\nopportunity to be a part of our growing team. To enquire about<br \/>\nopportunities, email canada.valuation@avisonyoung.com.<\/p>\n<p>mailto:canada.valuation@avisonyoung.com<br \/>\nhttp:\/\/avisonyoung.com\/valuations<\/p>\n<p>Join CBRE\u2019s Valuation and Advisory Services Team<\/p>\n<p>At CBRE, you have the ability to take charge of your career and enjoy an inclusive, collaborative<br \/>\nenvironment. Work on an industry-leading team that provides unmatched client services<br \/>\nby leveraging best in class research, technology and industry expertise.<\/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>Make your own path with a team<br \/>\nthat believes in you<\/p>\n<p>mailto:paul.morassutti@cbre.com<br \/>\nhttp:\/\/www.cbre.ca\/vas<\/p>\n","protected":false},"featured_media":65005,"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-65064","issue","type-issue","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/issue\/65064","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\/65005"}],"wp:attachment":[{"href":"https:\/\/www.aicanada.ca\/fr\/wp-json\/wp\/v2\/media?parent=65064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}