In Episode 24 of CHIA Podcast, Chia-Yi Tung welcomes Steve Gilbert, Co-Founder and Senior Chartered Appraiser at GDA, to discuss self-assessment fees and their often-overlooked impact on real estate development projects.
When developers prepare a project pro forma, significant attention is typically given to construction costs, financing, professional fees, and contingencies. However, self-assessment fees can represent a substantial expense that is frequently underestimated or omitted entirely from financial projections.
The conversation explores what self-assessment fees are, why they exist, and how they apply to condominiums, multifamily developments, and social housing projects. Steve explains when these costs should be incorporated into project analyses, the valuation methodologies used to estimate them, and the important role appraisers play throughout the process.
The episode also examines current challenges related to timing, valuation adjustments, regulatory requirements, and administration. For developers, investors, lenders, and real estate professionals, understanding these often-overlooked costs can significantly improve project planning, financial forecasting, and investment decision-making.
Through conversations with industry experts and market leaders, CHIA Podcast explores the ideas, trends, and professionals shaping the future of commercial real estate, valuation, investment, and development across Québec.
