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Changes continue to happen rapidly to the key data access systems for appraisers. Each real estate board is transitioning into the PropTx system at a different rate. We understand that you have many questions and concerns about these transitions. The reality is that appraisers are being impacted at different rates and different times by a new system that works very differently than what you are used to. This system was developed for realtors, who are the voting members of TRREB, which owns PropTx. | |
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AIC Ontario is committed to ensuring that you are successful in the future and are working hard to represent your interests with TRREB and PropTx. What is going on is massive in scale, has never been done before and there will be short-term issues and growing pains for everyone.
We are working with PropTx to develop solutions that will satisfy appraiser needs, but this will take time. We have made progress on ensuring candidate members have access to PropTx. They are openly interested in developing solutions that can meet the needs of appraisers who are conducting specialized historical appraisals. Unfortunately, we do not yet have a timeline for those changes.
We are compiling a list of appraiser needs and will be bringing them forward to PropTx. Thank you to those who have already shared their concerns. We look forward to hearing from others.
Please send your concerns to us at info@aicontario.ca.
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Expanding Your Practice: Trust and Estate Planning | |
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December 11th, 2024
11:00 AM - 12:00 PM EST
** No registration required. Please click the button below to join**
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AIC-ON, together with STEP Canada, presents a new webinar in the Expanding Your Practice Series focused on Trust and Estate Planning.
Our appraisers provide an objective and impartial assessment of property value, which is crucial for a variety of estate and financial planning needs. STEP Canada represents nearly 3500 trust and estate professionals countrywide who are dedicated to helping families and individuals plan for their best possible futures.
Join us for this engaging and informative webinar session!
Speaker:
Rachel Blumenfeld, Partner at Aird & Berlis LLP
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Community Benefit Charges: A discussion on new growth funding tools | |
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The Appraisal Institute of Canada - Ontario and Association of Ontario Land Economists (AOLE) welcome you to join us for a webinar on the Community Benefit Charges (CBCs), a new financing tool under the Planning Act. A one-time fee paid upon building permit is based on a rate of 4% of land value, intended to fund growth related public services not covered by development charges or parkland dedication. The panel will discuss the various methods for establishing land value, how the applicable services will be defined, and how this will impact future development in the region.
Speakers:
Jaclyn Hall, MCIP RPP
Jerald Greenidge, P.App, AACI
Ward Lansink, P. App, AACI
Moderator:
Robyn Brown, MA, MPI, MSc. PLE
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December 17th, 2024
12:00PM- 1:00 PM EST
** Please register
to receive the zoom link to join this event**
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AIC National Holiday Office Closure:
The AIC office will be closing December 24, 2024 at noon and will reopen on January 2, 2025. Inquiries to info@aicanada.ca during the office closure will be addressed when operations resume in the new year.
AIC Ontario Holiday Office Closure:
The AIC Ontario office will close as of Tuesday, December 24th and re-open on January 2, 2025.
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PROFESSIONAL PRACTICE SEMINAR DEADLINE | | |
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PPS DEADLINE DECEMBER 31, 2024
We recommend to complete the PPS (7 CPD credit version) by December 23rd online through UBC. The UBC office will be closed for the holiday season (December 24, 2024 to January 2, 2025) and will be unable to offer assistance with course related queries.
If you are unsure if you are required to complete the PPS this cycle, please reach out to info@aicontario.ca for assistance.
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PROFESSIONAL LIABILITY INSURANCE RENEWAL | |
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AIC National sent out an email notice to all members on November 28, 2024, about renewing professional liability insurance. Please renew your policy before the deadline to avoid late fees or penalties.
Important Dates:
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November 28, 2024: We sent out an email notice to all members about renewing professional liability insurance
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November 30, 2024: Active members can now access Trisura online portal through the AIC website (www.AICanada.ca). The portal will allow members to log on, answer some questions regarding their professional practice, and select their preferred payment method (cheque, installments, or credit card). Upon payment, a certificate of insurance and receipt will be issued to the member.
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(coming up soon) January 15, 2025: Deadline for insurance payments before a late fee will apply.
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(coming up soon) January 31, 2025: Final date for payment. If invoices are not paid by this date, the member will have their coverage cancelled.
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Here's a list of the recent meetings and events we've held/attended lately:
Local Chapter Events
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November 27, 2024: Kingston – Regional Director, Dianna LeBreton
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Recently, we launched our new #NewsFlashFridays campaign on LinkedIn. A post every Friday that provides you a source for everything appraisers need to know about what is happening in the news each week!
See below for last week's top news updates:
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