The real property market is a key building block of the Canadian economy and affects every segment of our society. Unbiased and dependable valuations are critical to the decision-making processes of individuals, businesses, and governments when conducting real property transactions. Appraisal Institute of Canada Designated Members are real estate appraisal professionals who play a direct and vital role in the real estate sector. That role is to determine, report upon, and attest to the real value of property. Their valuation is the foundation upon which informed decisions about real estate are made – whether by a family purchasing its first home, a farmer selling a piece of acreage, a retailer deciding where to locate its next outlet, a developer considering an empty lot, or a lawyer defending or prosecuting a case.

An AIC-designated appraiser can be engaged when:

• renovating, building, buying or selling property
• financing or refinancing property
• making real estate investment decisions
• reviewing property tax assessments
• assessing capital gains
• making a claim for insurance purposes – resulting from fire, rain, hail, windstorms and other disasters
• determining or facing expropriation compensation
• valuing property for matrimonial purposes, arbitration or other litigious matters
• business mergers, acquisitions or dissolutions involving real estate
• valuing private property acquired by governments for public use

AIC-designated appraisers are trained to complete appraisal, review, consulting and reserve fund planning assignments within their area of competence. This may include:

• single-family homes
• office buildings
• shopping centres
• rental properties
• condominiums
• hotels and other lodging facilities
• retirement and long-term care facilities
• industrial sites
• recreational sites
• farms, orchards, vineyards
• and much more!

Many AIC-designated appraisers also offer specialized skills including:

• Arbitration and negotiation
• Expert testimony and litigation support
• Cost-benefit analysis
• Feasibility studies
• Market analysis and market rent studies
• Reserve fund studies
• Asset/portfolio management
• Business valuation
• Property management
• Tax assessment appeals

The Appraisal Institute of Canada is a self-regulated designating body, and has established a standards-based Professional Practice model that is responsive, transparent and accountable to the public and AIC members alike. AIC holds our members to one of the highest of standards in the field of appraising: the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP). These standards regulate not only the appraisal methodology but also the business practice and conduct of our members. CUSPAP provides guidelines that ensure a consumer receives only the highest quality report from AIC members.

CODE OF CONDUCT

The Members of the Appraisal Institute of Canada are governed by the Code of Conduct.

AIC REGULATIONS

The Consolidated Regulations of the Appraisal Institute of Canada provide guidance for all aspects of the Appraisal Institute of Canada. This includes:

• Admission, Education, Experience and Designation
• Provincial associations
• Standards
• Professional Practice
• Professional Liability Insurance
• Status and Recognition