December, 2022

One of the most frequently asked questions we get asked is "what is an appraisal?"

An appraisal is an independent, formally presented opinion of a property's value. This value is estimated by skilled appraisers who are unbiased and impartial in their judgements.

Estimating the value of a property helps the intended user determine what a home is worth. While appraisals are often done in connection with banks for mortgage financing, appraisals are completed for a variety of reasons such as capital gains, litigation, division of assets, estate planning etc. (Click here to discover for more reasons to get an appraisal!)

WesTech’s professional valuation expertise provides our clients with a personalized service that aids them in making sound real estate decisions. All of our appraisal reports are prepared or reviewed by fully accredited members of the Appraisal Institute of Canada, the Real Estate Institute of British Columbia and the Canadian National Association of Real Estate Appraisers.

WesTech defines residential appraisal as an independent formally presented opinions of a property's value. This value is estimated by skilled appraisers who are unbiased and impartial in their judgements. 

Changes to the Family Law Act come into effect starting March 18, 2013. You may have a client who is affected by these changes.

The New Family Law will deliver drastic changes to how property is divided in BC for both married and unmarried couples.
The changes are outlined as follows:

Enacts major reforms to the common law and married persons property division regime upon relationship breakdown, that:
1. Extend it to common-law spouses who have lived together for two years in a marriage-like relationship.
2. Exclude certain types of property (e.g. pre-relationship property, gifts, and inheritances) from the pool of family property to be divided 50-50.
3. Limit judicial discretion to reapportion family property or to divide excluded property to circumstances where it would be clearly unfair not to do so.
4. Provide that debts are subject to equal division.
5. Set as defaults: the date of separation as the triggering event and the date of the court order or agreement as the valuation date.
6. Limit the ability of judges to set aside or change property division agreements.
7. Enable interim orders, including for the distribution of property for the purposes of funding litigation or dispute resolution.
8. Enact conflict of laws provisions to address property outside of British Columbia.


WesTech is sensitive to the delicate dynamics of divorce situations and we handle all information with discretion and a guarantee of confidentiality.
If you or any of your clients ever have any questions please feel free to contact us about our appraisal services.

Phone: 604-986-2722