Replacement cost estimates
Replacement cost estimates
Mitigate insurance risk with a current and accurate replacement cost estimate
Sometimes referred to as an insurance appraisal, a replacement cost estimate ensures you have the most appropriate value for the insurance coverage of your property. It estimates the current cost to rebuild an asset, based on available drawings and the Building Condition Assessment report and takes into consideration the current building code requirements.
With insurance rates escalating, not to mention deductibles, it’s even more important to get the opinion of an expert to make sure you’re not over or under-insured; especially when it comes to unique properties with a greater level of design.
Get an accurate and current replacement cost estimate to mitigate risk and gain peace of mind that if the need arises, you’ll be covered.
Our team can support replacement cost estimates for any built form, including but not limited to:
- Data centres
- Ferry or bus terminals
- Film studios
- Hotel / hospitality assets
- Industrial or warehouse assets
- Institutional assets
- Mixed use assets
- Office assets
- Retail assets
- Sports facilities
- Train stations
Protect your investment by backing it with the opinion of a qualified cost professional
When a crisis like a fire, flood or other loss impacts your property, you want to feel confident that the insurance you have in place is going to cover the replacement cost.
Relying on less detailed, automated estimates or using a generic escalation factor to increase your current estimate can leave you exposed; and, when it comes to your investment – it should be a risk you’re not willing to take.
A qualified cost professional will provide you with a thorough and up-to-date estimate that you can use to ensure adequate coverage. The first estimate requires more effort to account for all measurements and unique qualities of your asset, but updates (whether annually, bi-annually, etc.) become very cost-effective and efficient.
Asset and facilities management
Understand the current state of your facilities and their maintenance practices so you can make asset and operation decisions.
Get an accurate and independent understanding of the value of your property or nationwide portfolio.
Property tax assessments & appeals
Understand the valuation parameters, legislation and tax policy that drive your property’s assessment and tax liability.
Cost estimating & pro formas
Set realistic budget and development scenario expectations and maintain them.
Contact a qualified professional
Our multi-disciplinary team of professionals brings a wealth of industry experience and unparalleled data-driven insights, providing the clarity you need to make informed decisions.
2021 Canadian Cost Guide
Jan 20, 2021
Your guide to better understanding Canadian real estate development and infrastructure construction costs
Canadian Property Tax Rate Benchmark Report 2020
Oct 20, 2020
An in-depth look at property tax rates, both commercial and residential, in 11 major urban centres across Canada.
Analyzing the real estate risk while waiting for a vaccine
Sep 14, 2020
The last few months has allowed us to evaluate the immediate impact of the measures imposed to counter the spread of the virus, in addition to the partial lifting of those measures on the various types of real estate assets.