Vol 65 | Book 3 \/ Tome 3 2021<\/p>\n
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The Official Publication of the
\nAppraisal Institute of Canada \/
\nPublication officielle de l\u2019Institut
\nCanadien des \u00c9valuateurs<\/p>\n
THE SECRET 5G BUILDING
\nASSESSMENT CRISIS
\nLa crise secr\u00e8te
\nde l’\u00e9valuation des
\nb\u00e2timents 5G <\/p>\n
UNDERSTANDING AND
\nOVERCOMING BIASES
\nComment comprendre
\net surmonter nos
\npartialit\u00e9s<\/p>\n
AIC NATIONAL
\nCONFERENCE RECAP
\nR\u00e9capitulation de
\nla conf\u00e9rence
\nnationale de l’ICE <\/p>\n
Shaping (y)our <\/p>\n
future
\nFa\u00e7onner notre avenir\u2026 <\/p>\n
et le v\u00f4tre<\/p>\n
Immobili\u00e8re au Canada<\/p>\n
Canadian Property<\/p>\n
mailto:info@aicanada.ca<\/p>\n
canada.valuation@avisonyoung.com
\nhttp:\/\/avisonyoung.com<\/p>\n
your future
\nWe embrace different perspectives
\nand we\u2019re interested in yours. Join our
\ngrowing valuation team on our journey
\nto redefine the future of real estate.<\/p>\n
Dave Black
\nAACI, P. App., MRICS
\nExecutive Vice President & National Practice Lead
\nJLL Valuation Advisory<\/p>\n
Dave.Black@am.jll.com
\njll.ca\/value<\/p>\n
Dave.Black@am.jll.com
\nhttp:\/\/jll.ca\/value<\/p>\n
Colliers recently introduced new market leading report
\nwriting software which upon its introduction increased
\naverage report production speeds by upwards of 30%.
\nColliers AACI designated appraisers in Canada had an
\naverage net compensation in 2020 in excess of $200,000.
\nReach out today to learn how to leverage Colliers brand,
\ntechnology and resources to take your career to the next
\nlevel.<\/p>\n
Contact Brandi Skaggs at Brandi.Skaggs@colliers.com
\nto learn more about joining Valuation & Advisory Services
\nat Colliers International.<\/p>\n
colliers.com<\/p>\n
Be the expert
\nColliers is seeking motivated appraisers to join our
\nValuation and Advisory Services team.<\/p>\n
mailto:Brandi.Skaggs@colliers.com
\nhttp:\/\/colliers.com<\/p>\n
The articles printed in
\nthis issue represent
\nauthors\u2019 opinions only
\nand are not necessarily
\nendorsed by the
\nAppraisal Institute
\nof Canada. Copyright
\n2021 by the Appraisal
\nInstitute of Canada.
\nAll rights reserved.
\nReproduction in whole
\nor in part without
\nwritten permission
\nis strictly prohibited.
\nSubscription, $40.00 per
\nyear. Printed in Canada. <\/p>\n
Les articles imprim\u00e9s dans
\nce num\u00e9ro ne rep\u00e9sentent
\nque l\u2019opinion de leur auteur
\nrespectif, mais ne sont pas
\nn\u00e9ces\u2013sairement endoss\u00e9s
\npar l\u2019Institut Canadien des
\n\u00c9valuateurs. Tous droits
\nreserv\u00e9s 2021 par l\u2019Institut
\nCanadien des \u00c9valuateurs.
\nLa reproduction totale ou
\npartielle sous quelque
\nform que se soit sans
\nauthorisation \u00e9crite est
\nabsolument interdite.
\nAbonnement $40.00 par
\nann\u00e9e. Imprim\u00e9 au Canada.<\/p>\n
* The Appraisal Institute of
\nCanada reserves the right
\nto reject advertising that it
\ndeems to be inappropriate.<\/p>\n
** The publisher and the
\nAppraisal Institute of Canada
\ncannot be held liable for
\nany material used or claims
\nmade in advertising included
\nin this publication.Indexed
\nin the Canadian Business
\nIndex and available on-line
\nin the Canadian Business &
\nCurrent Affairs database.
\nISSN 0827-2697<\/p>\n
Publication Mails Agreement
\n#40008249<\/p>\n
Return undeliverable
\nCanadian addresses to:
\nAppraisal Institute of Canada
\n403-200 Catherine St.,
\nOttawa, ON K2P 2K9.
\nEmail: info@aicanada.ca<\/p>\n
Director \u2013 Communications:
\nPaul H\u00e9bert, Ottawa<\/p>\n
Communications Officer:
\nHaddy John, Ottawa<\/p>\n
Publication management,
\ndesign and production by:
\nDirection, conception et
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3rd Floor \u2013 2020 Portage
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\nKris Fillion<\/p>\n
Advertising Co-ordinator:
\nStefanie Hagidiakow<\/p>\n
7 Executive Corner
\nNew AIC President Andr\u00e9 Pouliot shares his thoughts<\/p>\n
40 Legal Matters
\nPositive real covenant enforceable
\nas a contractual obligation?<\/p>\n
46 Advocacy
\nCanada\u2019s housing affordability crisis<\/p>\n
51 News
\n \u2022 Important dates <\/p>\n
\u2022 Order your 2022 AIC calendars
\n\u2022 AIC conference recap<\/p>\n
70 Designations, Candidates, Students<\/p>\n
12 Le coin de l\u2019ex\u00e9cutif
\nAndr\u00e9 Pouliot, le nouveau pr\u00e9sident de l\u2019ICE, nous livre ses r\u00e9flexions<\/p>\n
43 Questions juridiques
\nUn covenant r\u00e9el positif est-il ex\u00e9cutoire
\ncomme obligation contractuelle?<\/p>\n
48 D\u00e9fense des int\u00e9r\u00eats
\nLa crise de l’abordabilit\u00e9 du logement au Canada<\/p>\n
51 Nouvelles
\n\u2022 Dates importantes
\n\u2022 Commandez vos copies des calendriers 2022 de l\u2019ICE
\n\u2022 R\u00e9capitulation de la conf\u00e9rence nationale de l’ICE de 2021<\/p>\n
70 D\u00e9signations, stagiaires, \u00e9tudiants<\/p>\n
The secret 5G building
\nassessment crisis
\nLa crise secr\u00e8te de l’\u00e9valuation
\ndes b\u00e2timents 5G <\/p>\n
Understanding and overcoming biases
\nComment comprendre
\net surmonter nos partialit\u00e9s<\/p>\n
32<\/p>\n
24<\/p>\n
COLUMNS CHRONIQUES<\/p>\n
Shaping (y)our Future<\/p>\n
La Fa\u00e7onner notre avenir\u2026 et le v\u00f4tre<\/p>\n
16<\/p>\n
Colliers recently introduced new market leading report
\nwriting software which upon its introduction increased
\naverage report production speeds by upwards of 30%.
\nColliers AACI designated appraisers in Canada had an
\naverage net compensation in 2020 in excess of $200,000.
\nReach out today to learn how to leverage Colliers brand,
\ntechnology and resources to take your career to the next
\nlevel.<\/p>\n
Contact Brandi Skaggs at Brandi.Skaggs@colliers.com
\nto learn more about joining Valuation & Advisory Services
\nat Colliers International.<\/p>\n
colliers.com<\/p>\n
Be the expert
\nColliers is seeking motivated appraisers to join our
\nValuation and Advisory Services team.<\/p>\n
mailto:info@aicanada.ca
\nmailto:info@kelman.ca
\nhttp:\/\/www.kelman.ca<\/p>\n
NATIONAL COVERAGE
\nLOCAL EXPERTISE
\nEXCELLENT SERVICE<\/p>\n
1 (866) 479-7922
\nwww.cdcinc.ca<\/p>\n
CDC is a privately-owned, full-
\nservice Canadian Valuation and
\nAdvisory firm that prides itself
\non our flexible, client-focused
\napproach coast-to-coast.
\nCDC is committed to delivering accurate and highly defensible valuation reports, in turn,
\nminimizing the risk in your real estate investment decisions.<\/p>\n
WE\u2019RE HIRING
\nAPPRAISERS<\/p>\n
APPLY TODAY
\nINFO@CDCINC.CA<\/p>\n
ORDER AN APPRAISAL AT CDCINC.CA<\/p>\n
http:\/\/www.cdcinc.ca
\nmailto:INFO@CDCINC.CA<\/p>\n
New AIC President
\nAndr\u00e9 Pouliot, AACI, P.App
\nshares his thoughts<\/p>\n
Y ou have over 20 years of commercial real estate valuation and property tax experience. Can you elaborate
\non your career path to this point? <\/p>\n
AP: I started working with Turner Drake &
\nPartners in Halifax in 1998 and am still with the
\ncompany to this day. Along the way, I earned my
\nAACI designation in 2004. Early in my career, I
\ncaught the volunteer bug and was elected to the
\nBoard of the Nova Scotia Real Estate Appraisers
\nAssociation in 2007, where I served as Secretary,
\nVice President, and then President until 2013.
\nI continued to volunteer with the Nova Scotia
\nAssociation Committee of Examiners and also
\nserved throughout this time as an Appraisal
\nInstitute of Canada PCI interviewer. In 2019, the
\nposition for AIC Director for Nova Scotia became
\nvacant and I was fortunate enough to be elected.
\nI truly enjoyed sitting on a Board with an engaged
\ngroup of like-minded colleagues who were
\nlooking to implement a variety of interesting
\nprojects. Wanting to be a bigger part of what was
\ngoing on, I decided to put my name forward for
\nthe Executive Committee and was entrusted by
\nmy colleagues with the role of President. <\/p>\n
You are a fee appraiser with Turner <\/p>\n
Drake & Partners. Can you tell us about <\/p>\n
the company, the business it conducts, <\/p>\n
and your specific areas of practice and <\/p>\n
responsibilities?<\/p>\n
BY ANDRE POULIOT, AACI, P.APP <\/p>\n
President, Appraisal Institute of Canada<\/p>\n
NATIONAL COVERAGE
\nLOCAL EXPERTISE
\nEXCELLENT SERVICE<\/p>\n
1 (866) 479-7922
\nwww.cdcinc.ca<\/p>\n
CDC is a privately-owned, full-
\nservice Canadian Valuation and
\nAdvisory firm that prides itself
\non our flexible, client-focused
\napproach coast-to-coast.
\nCDC is committed to delivering accurate and highly defensible valuation reports, in turn,
\nminimizing the risk in your real estate investment decisions.<\/p>\n
WE\u2019RE HIRING
\nAPPRAISERS<\/p>\n
APPLY TODAY
\nINFO@CDCINC.CA<\/p>\n
ORDER AN APPRAISAL AT CDCINC.CA<\/p>\n
Volume 65 | Book 3 \/ Tome 3 | 2021 7Return to CONTENTS<\/p>\n
EXECUTIVE CORNER<\/p>\n
AP: Turner Drake & Partners is based
\nin Atlantic Canada, but the company
\nconducts work across the country. Our head
\noffice is in Halifax and we currently have
\napproximately 30 staff. The company has
\ngrown and diversified since I joined in 1998
\nand now comprises seven divisions. These
\ninclude property tax, valuation, counselling,
\nbrokerage, space measurement, planning,
\nand economic intelligence. <\/p>\n
My primary area of practice is property
\ntax consulting. During my career, I have
\nworked coast to coast on a vast array of
\nproperty types spanning the full spectrum
\nfrom small income producing properties
\nto large investment property portfolios
\nto specialized heavy industrial properties
\nsuch as shipyards, pulp mills, refineries,
\nwind farms, dams, waste water treatment
\nplants, schools and pretty much anything
\nthat attracts a property tax. <\/p>\n
You indicated that you made a decision <\/p>\n
early in your career to become <\/p>\n
engaged in volunteer activities. <\/p>\n
Why did you make that choice <\/p>\n
and have you volunteered in other <\/p>\n
capacities over the years?<\/p>\n
AP: I think volunteering has always
\nbeen a part of who I am. Outside of my
\nprofessional life, I coach minor hockey,
\nsoccer, and baseball, and, going back
\nto my university days, I worked as a
\nlifeguard and swimming instructor, and
\nserved as an examiner with what was then
\nknown as the Royal Life Saving Society of
\nCanada. I have to give credit to the people
\nwho encouraged me along the way and
\nconvinced me I had something to offer as
\na volunteer. <\/p>\n
You are now the AIC President <\/p>\n
and serve as a PCI interviewer. <\/p>\n
What are your responsibilities <\/p>\n
in both of these areas?<\/p>\n
AP: The AIC is governed by an elected
\nBoard of Directors. Through this process,
\nMembers are empowering the Directors
\nto lead the Institute and make decisions
\non their behalf. I like to think of the
\nPresident\u2019s role as one that engages the
\nBoard so that issues can be thoroughly
\nvetted and the best ideas carry the day.
\nIn short, the President needs to get the
\nbest out of Board members, staff, and the
\nmembership at large. Past Presidents I
\nhave had the privilege of observing have
\ndone this extremely well. <\/p>\n
As for my duties as a PCI interviewer,
\nmy role is to ensure that Candidates
\nfor designation have the competencies
\n(client service orientation, analytical and
\nconceptual thinking, decision making, and
\ncommitment to quality) that they will need
\nto be successful as designated Members.
\nWhat attracts me to the PCI Committee
\nis the opportunity to see the young talent
\nthat is coming through the system and to
\nhear their stories. It is motivating for me
\nto observe the optimism these Candidates
\nhave for the future, to be reminded of some
\nof the great teachers and mentors who are
\nworking with the Candidates, and to see
\nsome of the rewarding work in which they
\nare engaged.<\/p>\n
How would you sum up your <\/p>\n
experiences as a volunteer and <\/p>\n
what it has meant to you personally <\/p>\n
and professionally?<\/p>\n
AP: I can unequivocally state that
\nvolunteering is incredibly rewarding.
\nOn a personal level, I would say that
\nwhenever we work with someone they
\nleave their mark on us and we leave our <\/p>\n
We need ideas and leadership from all of our
\nMembers and I have every confidence that the
\nPresident’s Council on Diversity and Inclusion will help
\nus develop a more inclusive and diverse leadership
\nthroughout the association.<\/p>\n
Canadian Property Valuation | \u00c9valuation Immobili\u00e8re au Canada 8 Return to CONTENTS<\/p>\n