For Financial Professionals
Do you need a third-party, independent opinion on the real value of a property?
Accountants, financial planners and investors value AIC-designated appraisers – AACI™ and CRA™ – for professional, comprehensive and independent opinions of the value of their clients’ real estate within their financial portfolio.
When would a financial professional engage and AIC-designated appraiser?
A financial professional engages a valuation professional for point-in-time market values or real estate consulting services to help make decisions regarding:
- Debt restructuring
- feasibility of real estate investments
- reserve fund studies
- market rent
- value of real estate assets for International Financial Reporting Standards.
- mergers and acquisitions;
- capital gains; and
What types of properties can an AIC Member appraise?
AIC-designated appraisers can provide valuation services for the following property types:
- Residential – single family homes, multi-units, recreational, heritage, etc.
- Commercial – office buildings, retail, hotels, storage facilities, and other income-based properties
- Industrial – manufacturing, machine shops, etc.
- Institutional – hospitals, schools, churches, public owned property, etc.
- Mining/resource-based – oil and gas, timberland, sand pits, pulp & paper, etc.
- Rural – agricultural, land, winery, orchards, etc.
- Special uses – airports, golf courses, contaminated property, harbor, military facilities, prisons, etc.
What professional standards do AIC-designated appraisers follow?
AIC-designated appraisers are highly-trained and trusted professionals who adhere to the highest standards in the field of appraising: the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP). They can even provide expert testimony before judicial and quasi-judicial bodies.
CUSPAP align with European Valuation Standards and International Valuation Standards and are recognized internationally as acceptable standards for property valuation. Seven Standards have been developed to guide the professional practice of AIC members:
- Ethics Standard
- Appraisal Standard
- Review Standard
- Consulting Standard
- Reserve Fund Planning Standard
- Machinery and Equipment
- Mass Appraisal