As I study the statistics from across Canada one thing is clear, there is no uniform market condition. Windsor in decline, Saskatoon is booming. Within cities certain neighbourhoods are faring better than others. The recession, if that is what we are officially in is at best fragmented in Canada.
April 10, 2012 by Leave a Comment
What I am noticing in my appraisal practice though is an abundant rise in litigation and many of the issues concern stigma. Termites, UFFI, mould, grow operations are now open files on my desk and I have a problem quantifying the losses in value.
Make no mistake, there are substantial losses in value but the big problem is the market. We know that sales activity in most regions is down and in some areas the decline is significant.