Even before the pandemic, people were going to malls less often – including the top-tier ones that generate the most revenue per square foot. In 2019, foot traffic at Canada’s top 10 malls fell by 22 per cent compared with the previous year. Over 2,000 stores in Canada closed in 2020, more than three times the prior year’s number, according to Cushman & Wakefield. That was led by Starbucks and David’s Tea, but also included many mall stalwarts that either pared down their number of locations – such as Aldo, Bizou, Bouclair, Ricki’s and Stokes – or decided to close altogether, such as Carlton Cards and Addition Elle. This session will examine the impact on this sector to date and look forward at what the indicators are for the future.
Do municipalities currently play a meaningful role and what is their participation in dispute resolution activities (negotiations, mediations). What is their participation at hearings and what are the expectations by the assessing authorities and the appeal boards?
Portfolio sales most often occur for investment grade properties. These sales can include many specific properties in the portfolio transfer. This webinar will explore these sorts of transactions, provide a real example, and propose best practice course of action for segregating out individual values for analysis and defense.
What are they? – Is there a difference? – What makes valuations for property tax different from other types of valuations (expropriations, purchase, and sale?). Is equity more important than accurate values? This webinar will clearly define the differences and the reasons why the differences are legitimate and necessary.
Accuracy of assessed values in relation to the reality of markets as expressed by arm’s length sales requires several statistical testing tools. Assessment to Sales Ratios is only one of many tests that must be run in order to test for accuracy of value predictions, horizontal equity, vertical equity, consistency of treatment between groupings of properties. This webinar will explain and illustrate these several statistical tools and their use by modelers to gain a better understanding of the predicted values’ quality in relation to market transactions
Time adjustments are an important part of the valuator’s toolbox. An accurately calculated time curve enables older sales to be brought into the analysis and also serve as a measure of quality after the proposed values are generated.
This webinar will describe the various methods of predicting time adjustments and their several applications.