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Over the last 25 years, condominiums have come to form a significant part of the real estate market in Canada. Reviews the legal structuring of condominiums in British Columbia (Canada), focusing on resort condominium properties in Whistler, British Columbia. Addresses the primary factors...
When valuing “no market” properties using the cost approach, one of the fundamental problems is the reflection of “age‐related” depreciation in the appraisal process. The uncritical use of straight‐line depreciation produces illogical results and a new methodology “discounted assets rent” (DAR)...
Outlines a simple analytical framework for interpreting property market behaviour across use, investment and development markets and reviews evidence on market activity over the period 1970‐1994. A simple model of rational switching within investment markets appears to be supported by market...
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