Edmonton, AB: (780) 470-8056
Calgary, AB: (403) 714-6030
Valuation & Advisory Services
Commercial Appraisal Calgary
Commercial Real Estate Appraisal in Calgary
Bourgeois Brooke Chin Associates appraises commercial real estate throughout Calgary and southern Alberta, including Airdrie, Cochrane, Chestermere, Okotoks, High River, Strathmore and Rocky View County. Our Calgary office at #850, 639 5 Avenue SW is led by Terry Brooke, AACI, P.App, MRICS, Managing Partner, who began his appraisal career in 1978 and has been a commercial fee appraiser since 1979.
Terry holds an MSc in Real Estate Investment and Finance from Heriot-Watt University and is a Calgary Director of the Appraisal Institute of Canada - Alberta. His experience spans commercial advisory and appraisal assignments in Alberta, British Columbia and Manitoba, and our reports are prepared under the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP).
Commercial properties we appraise in Calgary
- Office: downtown towers, Beltline and suburban office, medical and professional buildings, and office condominiums.
- Retail: power centres, community and neighbourhood centres, strip plazas, freestanding retail and restaurant pads.
- Mixed-use and conversion projects, including downtown office buildings being considered for residential conversion.
- Commercial and industrial condominium units.
- Commercial development land and redevelopment sites.
- Special-purpose and institutional properties.
Calgary market factors we account for
Calgary's downtown office market behaves very differently from its suburban retail and office markets, and both differ again from fast-growing surrounding communities such as Airdrie and Cochrane. Downtown, vacancy, tenant inducements and the City of Calgary's office-to-residential conversion incentives can all affect a building's income and its value. In the suburbs, new residential growth is reshaping demand for neighbourhood retail and services.
Our analysis draws on recorded sales and lease evidence for the Calgary region from our transaction database, so market rent, vacancy allowances and capitalization rates are supported by local data and explained clearly in the report.
Why clients order a Calgary commercial appraisal
Clients order Calgary commercial appraisals for:
- Mortgage financing and refinancing.
- Litigation and dispute resolution, including expert reports.
- Estates, trusts and date-of-death valuations.
- Assessment complaints before the Calgary Assessment Review Board.
- Expropriation and compensation matters.
- Matrimonial property division.
- Acquisitions, dispositions, partnership changes and portfolio reviews.
Our appraisal process
We confirm the purpose, intended users and effective date, inspect the property, and review leases, rent rolls, operating costs, zoning under the Calgary Land Use Bylaw and any development potential. We then apply the income, direct comparison and cost approaches as appropriate and reconcile them into a clearly reasoned value conclusion that lenders, courts and boards can rely on.
Turnaround and fees
Most assignments are completed within one to four weeks, depending on your needs and the complexity of the property. Each fee is quoted individually once we understand the property and how the report will be used.
Contact our Calgary office: Bourgeois Brooke Chin Associates, #850, 639 5 Avenue SW, Calgary, AB T2P 0M9.
Phone (403) 714-6030. Send us the details of your property using the form below.