Few people talk about it, but self-assessment fees can make or break a real estate project’s profitability.
In this episode of CHIA Podcast, Chia-Yi Tung welcomes Steve Gilbert, Co-Founder and Senior Chartered Appraiser at GDA, Québec’s largest real estate appraisal firm, to demystify this often-overlooked concept.
🎯 In this episode:
- What exactly are self-assessment fees?
- How and when they apply depending on the property type (condo, multifamily, social housing)
- When developers should include them in their pro forma
- Cost vs. income approaches to estimating them
- The appraiser’s role and key moments of intervention
- The system’s current limits (delays, fair market value adjustments, etc.)
💬 Key quote:
“Self-assessment fees are often the forgotten line item that can quietly erode a project’s profitability.”
🎧 Learn from Steve (French interview) 👉 https://youtu.be/qc6Kgzaib2g?si=-YBqVVRJW7dile6c
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