The Agency for Co-operative Housing (the Agency) is a not-for-profit, non-governmental organization with a mandate to administer the federal government’s co-operative housing programs in PEI, Ontario, Alberta and B.C. on behalf of Canada Mortgage and Housing Corporation (CMHC).
The Agency is requesting proposals from accredited / designated members of the Appraisal Institute of Canada to complete Short Narrative Market Rent Appraisal Reports in order to establish the market rent of selected housing co-ops located in the Provinces of Alberta, British Columbia, Ontario and Prince Edward Island.
The Agency anticipates making one or more awards under this solicitation.
Successful Bidders will be required to sign the Agency’s standard Standing Offer Agreement for a three (3) year period to undertake these studies.
The purpose of this request for proposal is to “pre-qualify” one or more Appraiser to provide Short Narrative Market Rent Appraisal Reports that will estimate the unrestricted market rent of individual units of selected housing co-operatives.
Once the standing offer agreements have been awarded to selected “pre-qualified” appraisers, the Agency will solicit a minimum of two quotes for specific assignments from “pre-qualified” appraisers located within the subject’s geographical area, as the need for the assignment arise.
The Agency commissions approximately 20 Short Narrative Market Rent Appraisal Reports each year for housing co-ops located across the four provinces mentioned – the majority of these housing co-ops being located in the Vancouver area, Edmonton, the GTA, the Ottawa area including Southern and Northern Ontario.
The Market Rent Appraisal Report will be used by each of the Agency, Agency’s co-op client, Canada Mortgage and Housing Corporation and / or potentially another financial lending entity.
