Rickard Realty Advisors Inc. was
formulated as an appraisal firm specializing in property
tax reviews and general valuations, in 1983. Since then
real estate consulting has taken on increasing significance.
The following case studies indicate the range of our
interest in unique consulting assignments.
Ocean Falls British Columbia was a decommissioned pulp
and paper town on a deep water harbour on the ruggedly
scenic and equally inaccessible west coast of Canada.
We were asked to assist in the valuation of the remaining
assets of the self contained town which our client wanted
to purchase for a religious retreat / fishing centre.
A 13 Kilowatt hydro electric generating station, a deep
water harbour and a contract to sell fresh water from
the power station’s reservoir to Japanese interests
were issues to be considered in the valuation.
When post tension cables came under disrepute in Calgary
and the extent of the value loss became a relevant consideration
in a 200 million dollar office building litigation,
Rickard Realty Advisors Inc. was asked to provide its
valuation services. After interviewing numerous people
with experience in the area of post tension repairs,
a questionnaire was written and circulated to over 50
local property managers. They were interviewed to gather
evidence of any value loss due to stigma associated
with post tension cable construction. The findings were
of value in a wider context due to the absence of detailed
research in this area and the findings were published
in the December 1999 edition of the Assessment Journal
(International Association of Assessing Officers). The
study also was published in a compendium of value loss
/ stigma related articles known as Issues Confronting
Properties Affected by Contamination or Environmental
Problems (International Association of Assessing Officers
Working with clients by listening to their needs and
delivering a cost effective solution is paramount to
the success of our real estate consulting firm and vital
in consulting assignments of unique or troubled properties.
We at Rickard Realty Advisors Inc. pride ourselves in
weighing your needs and costs to arrive at a desirable