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Determining the Value of a Property

Évaluations Gilles Robert has been in the real estate appraisal business since 1957. To help you become familiar with our terminology, we have selected a few definitions. Don't hesitate to call us if you would like to find out more, or if you would like to know the value of a property. Our chartered appraisers are available in Montreal, the South Shore of Montreal, Montreal and surrounding areas.
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Market Value

Three valuation methods can be used to value real estate:
  • The sales comparison method consists of analyzing recent sales of properties similar to the one under consideration. 
  • The cost method consists of estimating the reproduction or replacement, considering depreciation or obsolescence and subtracting it from the replacement to new value, and adding the value of the land and its improvements.
  • The income method consists of discounting expected annual net income by a market-derived discount rate, considering potential risks.

Insurable Value

The insurable value of an asset corresponds to the cost of replacing or reproducing an insured asset. This value includes new construction standards at the time of the report. The insurable value determines the extent of coverage the insured requests from the insurer.

Estimating Construction or Demolition Costs

This type of appraisal is based on a combination of factors, including the nature and quantity of materials, their acquisition cost and labour costs.

Investigation of Losses for the Purposes of an Insurance Claim or Civil Action

Preparation of proof of losses incurred as a result of a loss or defect for the purposes of a claim or recourse.

Contingency Fund Study

The contingency fund study is a key tool in both the start-up and management of a condominium, as it enables a financing plan to be put in place to provide for replacement costs and repairs to common areas. It is first a forecasting exercise, which needs to be reviewed to adjust forecasts in line with new data.

This study is based on factors such as :

  • The Foreseeable Lifespan of Components and Systems (Mechanical, Electrical, Plumbing, etc.)
  • Current or Estimated Replacement and Repair Costs
  • Cash Inflows (Owner Contributions, Interest, Etc.)
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