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   LIVE WEBINARS                                                                                           PRE-RECORDED WEBINARS

 


  LIVE WEBINARS

  Register through the IMA website. Log in details will be emailed to the registrant at the email address provided in the registration form.
  The live webinar is recognized for 1.5 CPD Credits (1.5 hr Learning) toward the IMA Continuing Professional Development and
  1.5 CPD Credits towards the Appraisal Institute of Canada Continuing Professional Development.
  A CPD form will be emailed to the participant following the webinar session.
  Please note, participants not able to attend the full webinar session will not be provided with a CPD form.

 

Topic/Date

Description

Presenters

Details

Registration

 1

 

 

 

 

Valuation of Contaminated Property: January 9, 2020  

The valuation of property that is subject to some form of contamination is particularly difficult. Much depends on the nature of the contamination/impairment and the type, and cost, of necessary remediation works. This webinar will look at the background to environmental impairment, the valuation standards that apply to contaminated properties, and how valuation methodology needs to be adapted to meet the demanding requirements for this type of work. It will look at issues concerning the highest and best use of the property as impaired and consider how the three main valuation methods - sales comparison, cost and income approaches - need to be adapted to reflect the contamination. In addition to looking at the cost of necessary remediation works, they will also consider the liability impacts, use limitations, and possible stigma attaching to contaminated properties. The webinar will also cover how to deal with such properties within a mass appraisal environment.

  Carlos Resendes, M.I.M.A.

 

 

  John Glen, M.I.M.A.,

  Equitable Value Inc.

 

Details

Register

 2

Assessment Valuation of Entertainment Properties: February 4, 2020

Details to come

Details to come

Details

Register

 3

Assessment Valuation of Airports, Ports, Railyards and Rights-of-Way:
March 5, 2020

Details to come

Details to come

Details

Register

 4

Assessment Valuation of Wasting Asset Property Types: Mines, Gravel Pits:  March 26, 2020

Details to come

Details to come

Details

Register

5

Application of Development Approach:

April 23, 2020

Details to come

Details to come

Details

Register

To view the links above - please ensure your pop-up blockers are turned off.

The Institute of Municipal Assessors will grant 1.5 CPD Credits (1.5 hr Learning)  toward the Continuing Professional Development program upon completion of each Webinar - www.theima.ca

Completion of this program entitles Appraisal Institute of Canada's designated members (AACI and CRA) to 1.5 CPD credits towards their Continuing Professional Development requirements- www.aicanada.ca 

 

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  PRE-RECORDED WEBINARS:

  To meet the needs of busy work schedules, recordings of previously held webinars are now available.
  Registration is through the IMA website and registrants must identify the exact date they request to access the pre-recorded webinar.
  This date must be at least 2 business days from the date of registration.
  The access link will be emailed to the registrant at the e-mail ad
dress provided in the registration form.


  The link will only access the recording for 24 hours on the date requested starting at 12:00 am EST.
  The pre-recorded webinar is eligible for 1.0 CPD Credits (1.0 hr Learning) toward the IMA Continuing Professional Development
  and 1.0 CPD Credits towards the Appraisal Institute of Canada Continuing Professional Development.
  A CPD form will be emailed to the participant following the webinar session.
  Please note that participants that are not able to attend a full session will not be provided with a CPD form.

 

 

Topics

Description

Presenters

Details

Registration

1


Assessment Valuation of Leisure Properties

The webinar will provide the attendee with a better understanding of the valuation principles pertaining to leisure properties. Categories and types of leisure properties will be discussed including resort hotels, golf facilities, marinas and casinos. Various valuation approaches will be considered, with emphasis on the application of the income approach. Property valuation procedure overview will be provided. Data collection, identification of non-assessable components, analysis of revenue sources and expenditures will be covered. Appropriate analysis of capitalization rates and derivation of value for leisure properties will be discussed.  

  Carlos Resendes, M.I.M.A.

  Property Valuation  
  Services Corporation

 

  John Glen, M.I.M.A.,

  Equitable Value Inc.

Details

Register

2

Building Consensus to Avoid Assessment Appeals and Litigation

Litigation realities; the true cost of appeals, the importance of dialogue amongst the stakeholders, negotiations and discussions; how to eliminate wasteful appeals, the training and mediation programs available, including solutions are all topics covered by this session.

Paul Sanderson, IPTI

 

Elliott Pollack, Pullman & Co.

Details

Register

3

Depreciation Analysis in Property Tax Valuation

This webinar focuses on depreciation fundamentals identified from the perspective of the application for valuation for assessment purposes.  Various types of depreciation are covered as well as various methods to quantify physical, function and external depreciation.

Malcolm Stadig, M.I.M.A.,

MPAC

 

Jeff Grad, Affiliate, Equitable Value Inc.

Details

Register

4

Derivation of Fair Market Rents for Valuation of Multi-Residential Properties, Office Buildings and Shopping Centres

The determination of assessed values utilizing the income approach requires determination of fair market rents.  This webinar will provide the attendee with a better understanding of the definition of the fair market rents and will focus on various methodologies of derivation of market rents from the perspective of capturing all interests in the property to be valued. Residential properties, offices buildings and shopping centres will be discussed.  

Paul Sanderson, IPTI 

 

Mike Cranney, M.I.M.A., MPAC

Details

Register

5

Derivation of Capitalization Rates

Any interest in real estate that is capable of generating income can be valued using the direct capitalization approach. This requires an appropriate derivation of the capitalization rate. Depending on the quantity and quality of available data, there are various techniques used. This webinar will cover the challenges assessors and valuators face in deriving capitalization rates in the application of the direct capitalization methodology. Emphasis will be given to derivation of the rates from comparable sales. As well, data requirements and practical application of the methodology will be discussed.

Steve Eakins, A.I.M.A., Equitable Value Inc.

 

Myke Harrison, MPAC

Details

Register

6

Determination of Fair Market Rents, Vacancy and Operating Expenses -  Determining Assessed Values of Income Producing Properties

Any interest in real estate capable of generating income can be valued using the Direct Capitalization Approach.  This approach is commonly applied by most assessment valuation agencies. It requires an appropriate determination of net operating income which creates the necessity for an appropriate estimate of fair market rents, vacancy and operating expenses. Depending on the quantity and quality of available data there are various techniques to be used. This webinar will cover the challenges assessors and valuators face in deriving net operating income in the application of the valuation methodology. Data requirements and practical application of the methodology will be discussed.

Steve Eakins, A.I.M.A., Equitable Value Inc.

 

Myke Harrison, MPAC

Details

Register

7

Determination of Equitable Assessments - Value and Equity Considerations

In most jurisdictions including Ontario, assessment of land (property) is based on its current value.  However, having made a value determination, the principle of equity must be considered, The assessment of land has to be equitable with that of similar lands in the vicinity. This requirement may lead to a determination that the assessed value is lower than the current value of the property. Although this requirement seems to be straight forward, assessors, taxpayers and their representatives struggle with this concept. In this webinar, two experienced presenters will discuss how to deal with these issues.

Jeff Grad, Affiliate, Equitable Value Inc.

 

Joseph M. McFadden,

MPAC

Details

Register

8

Identification and Separation of Intangibles in Property Tax Valuations 

This webinar covered the identification and separation of intangible assets from real estate in property tax valuations, focusing on basic principles regarding value allocation. It deals with the requirements to exclude intangible assets and goodwill in valuations for property tax purposes. Non-assessable components are identified, and discussion will focus on the extraction methods.

Jeff Grad, Affiliate, Equitable Value Inc.

 

Peter Thachuk, M.I.M.A.

Details

Register

9

Identifying and Quantifying Function and External Depreciation

From the perspective of the application and valuation for assessment purposes, the webinar focuses on functional and external (economic) depreciation. Practical examples are discussed.

Jack A. Walker, Q.C.

Walker Longo & Associates LLP

 

Jerry Grad, IPTI

Details

Register

10

Importance of Function and Utility in the Application of the Cost Approach

The cost approach relies for its justification upon the "principle of substitution" which states that the    purchaser of a property will not pay more for it than it would cost to provide an alternative property of similar functional utility. An assessor's valuation needs to address the following question: How much would it cost to replace the existing property with an equally desirable and functional alternative? This requires an understanding of the cost to replace the functionality and utility of the property.  In this webinar, the presenters will discuss this important issue, share their   experiences in dealing with properties and the identification and analysis of function and utility of the cost approach.

John Glen, M.I.M.A. Equitable Value Inc.

 

Patricia Budd, M.I.M.A., Ducharme McMillen & Associates Canada

Details

Register

11

Mass Appraisal vs Single Property Valuations

Fundamental concepts and applications of mass appraisal processes relating to the valuation of residential and selected commercial properties is covered. Mass appraisal concepts and the differences between single property appraisal processes, as well as analysis of highest and best use, data collection and fundamental market analysis is covered. Building valuation models and calibration of models applicable to the cost approach as well as market sales comparison approach is discussed. Multiple regression analysis, the direct sales comparison approach and applicable model calibrations is addressed

Ruel Williamson, IPTI

 

Craig Handsor, MPAC

Details

Register

12

Preparation for Litigation: Interaction Between the Expert Witness and Legal Counsel

Litigation and property taxation disputes require the participation of an expert witness and advocate, typically legal counsel. An understanding of the respective roles, interactions and communications between the expert and legal counsel is necessary. Experts who are responsible for preparation of a report, and providing evidence at a hearing, may be concerned about interaction with legal counsel and their valuation being questioned by opposing legal counsel at a hearing. This webinar will cover the "ins and outs" of preparing for a hearing, including the role of the expert witness and the advocate, how they should co-operate and work as a team without jeopardizing the independence of the expert witness, and the expert's ability to provide appropriate evidence. The rules governing the use of experts, preparation of the expert's report, and recommendations as to what to include in the report, will be discussed. Communications and discussions between the expert witness and the legal team, including analysis of the strengths and weaknesses in the valuations of both sides, will also be considered.

Paul Sanderson, IPTI

 

Jack Walker, Q.C.,

Walker Longo & Associates, LLP

Details

Register

13

Preparations for Litigation

This webinar will cover the ins and outs of preparing for litigation including the role of the expert witness and the advocate; how they should work together as a team; the rules governing the use of experts; the preparation of the expert's report; what facts needs to be included in the report and how they can be proved; how to link the facts to the opinion of value; discussions between the expert witness and the legal team; dealing with the strengths and weaknesses in both your own and the other side's case; how to present expert evidence; how to deal with cross-examination; other matters to take into account in connection with litigation. This will be a very practical webinar and will be of interest to all involved in property valuation disputes.

Paul Sanderson, IPTI

 

Elliott Pollack,
Pullman & Co.

Details

Register

14

Principles and Concepts of Municipal Assessment & Taxation

Basic principles and concepts of municipal assessment and taxation are discussed including introduction to property tax policy, tax rates and bills, the assessment valuation, stakeholder role, interaction and appeals.

Carla Nell, A.I.M.A., Burlington Chamber of Commerce

 

W. Jan Brzeski, IPTI

Details

Register

15

Property Tax Policy

Topics discussed cover property tax policy principals, consideration and options generally confronted by national, provincial and municipal policy makes and the generic pros and cons dealing with policies.

Carla Nell, A.I.M.A., Burlington Chamber of Commerce

 

W. Jan Brzeski, IPTI

Details

Register

16

Quantification of Physical, Functional and External Depreciation

Identifying and quantifying physical, functional and external depreciation is one of the most important, difficult and challenging components when determining the value of the real property. 

This webinar will focus on the quantification of all forms of depreciation once it has been determined that such depreciation exists and is inherent in the property. Webinar leaders will discuss various methods of quantifying depreciation, share their experiences and provide examples of the application of the quantification methodology.

Malcolm Stadig, M.I.M.A., MPAC

 

John Glen, M.I.M.A., Equitable Value Inc.

Details

Register

17

Role of the Advocate in Assessment Appeals

This webinar will provide the attendee with information as to the advocates' role in both summary and general proceeding assessment appeals.  Topics will cover responding to issues, effective advocacy for electronic or telephone hearings; when to request an in-person hearing or oral motion, basic tips for written advocacy, and the advocates' role in preparing the expert witness. 

Belinda Schubert, McCarthy, Tétrault LLP          

 

Drew Samuels, AI.M.A.  

MPAC

Details

Register

18

Role of the Assessor and Expert in Mediations and the Negotiation Process 

The use of mediation to settle disputes is on the rise and has become an accepted process for resolving   valuation and property tax conflicts. All parties involved in the mediation and negotiation process are   expected to actively participate in the process, however, the role of the assessor and the expert is not always clear.

The questions that commonly arise are: Is the issue sufficiently complex to retain an expert?  Why obtain an expert and what would that expert's duties be? What is the appropriate behaviour? What preparations are required?

Paul Sanderson, IPTI 

 

Jack Walker, Q.C., Walker Longo & Associates, LLP

Details

Register

19

Theory and Practice of the Income Approach: Valuation Challenges in Property Tax Valuation

The emphasis of this webinar will be on the challenges presented by applying the income approach when dealing with ad valorem assessments. The differences in valuations of properties for property taxation and valuations for other purposes will be identified. Income approach valuation methodologies will be covered, including the appropriate ap-plication of the Direct Capitalization Method, derivation of gross lease areas, fair market rents, expenses and capitalization rates be covered.

Ryan Fagan, A.I.M.A., Altus Group

 

John Watling, M.I.M.A., MPAC

Details

Register

20

Valuation of Big Box Retail Properties

The correct method of property assessment valuation of Big Box stores has been challenging and controversial. There is a tremendous amount of discussion taking place regarding an appropriate valuation methodology. Appeal tribunals and courts have made significant rulings based upon what has been labeled the "Dark Store" approach, causing significant challenges for taxing jurisdictions who were caught off-guard and must issue large refunds after the fact. The presenters will share their experiences on the landmark changes in the assessments without the use of typical adversarial process. A valuation methodology including practical examples will be discussed.

Charles Johnstone, M.I.M.A.

 

Michael Lambrech, MPAC

Details

Register

21

Valuation of Commercial Properties

Commercial properties such as retail, shopping centres, office buildings and other similar properties are typically bought and sold on the basis of the income they generate.  As they are typically considered investment properties that can generate a return on capital in the form of rents, traditionally these properties have been valued on the income approach. It is always challenging to determine fair market rent, expenses and appropriate capitalization rates. For many smaller retail properties, there may be sufficient evidence of market sales transactions. In those situations, consideration needs to be given to the market sales approach. This webinar will discuss the appropriate valuation approaches with emphasis on income and market sales comparisons in order to accurately determine the value of commercial properties.

John Watling, M.I.M.A., MPAC

 

Steven Eakins, A.I.M.A., Equitable Value Inc.

Details

Register

22

Valuation of Income Producing Properties: Derivation of Capitalization Rates and Expenses

Any interest in real estate capable of generating income is typically valued by direct capitalization.  Although capitalization rates can be estimated using various methods, the technique used will depend on the quantity and quality of the data available. Deriving capitalization rates from comparable sales is the preferred technique when sufficient sales data of similar comparable properties is available. The Direct Capitalization Method requires an appropriate estimate of net operating income which requires an appropriate estimate of operating expenses.

The presenters will focus on the estimate of expenses and deriving an appropriate capitalization rate using the Direct Capitalization methodology. Practical examples will be covered.

John Glen, M.I.M.A., Equitable Value Inc.

 

John Watling, M.I.M.A., MPAC

Details

Register

23

Valuation of Land: Theory

and Application

The valuation of land for assessment purposes is always a challenging and difficult process. The issue of highest and best use of the land as if vacant and as if improved will be discussed. Focus will be given to the methodology of derivation of value for the land, as vacant, with the primary application of the sales comparison approach.

Practical examples of the valuation of a typical parcel of land will be included.

John Glen, M.I.M.A., Equitable Value Inc.

 

John Sheppard, MPAC

Details

Register

24

Valuation of Leisure Properties

Categories and types of leisure properties will be discussed along with various valuation approaches. Particular emphasis will cover the application of the in-come approach, separation of the income stream and identification of the intangible value.

Larry Hummel, M.I.M.A., IPTI   

 

John Glen, M.I.M.A., Equitable Value Inc.

Details

Register

25

Valuation of Multi-Residential Properties

The fundamentals and principles in valuing multi-residential properties are discussed including direct capitalization method and gross income multipliers.  Emphasis is on single property valuation methodologies, but the mass appraisal perspective is touched upon.

John Glen, M.I.M.A., Equitable Value Inc.

 

Mike Cranney, M.I.M.A., MPAC

Details

Register

26

Valuation of Office Buildings

Discussions cover the application of the income approach with emphasis on determination of GLA, estimating fair market rent and expense allowances and the derivation of cap rates from the market. The application of the direct capitalization approach to value for property tax purposes is covered. 

Jeff Grad, Affiliate, Equitable Value

 

John Watling, M.I.M.A., MPAC

Details

Register

27

Valuation of Shopping Centres

Application of the income approach, including steps in the direct capitalization model with emphasis on determining GLA's, estimating fair market rent and expense allowances, deriving cap rates from the market and the application of the direct capitalization approach in the valuation for property tax is covered.   

Terry Bishop, M.I.M.A., Altus Group

 

Lee Tomkins, M.I.MA., MPAC

Details

Register

28

Valuation of Special Purpose Properties: Is the Cost Approach the only Answer

This webinar will focus on the application of the cost approach and whether the cost approach, if appropri-ately applied, can determine an accurate current value. Emphasis will be on the derivation of value for single and special purpose properties. The presenters will discuss whether the cost valuation methodology, as it is typically applied, is capable of providing a realistic estimate of value. The application of the market sales and income approaches will be discussed. The challenges dealing with the ability to estimate a replacement cost new and depreciation allowances will be discussed.

Larry Hummel, M.I.M.A., IPTI   

 

John Sheppard, MPAC

Details

Register

 

 

 

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