A significant portion of our membership works in the assessment community for provincial and municipal assessment authorities across the country.
One of the elements in our professional standards is a new standard for mass appraisal, which is the methodology that is applied to arrive at assessed values. Obviously our organization is working very closely with provincial and municipal governments across the country to help make sure that those assessments are as accurate as can possibly be accommodated within a mass appraisal environment. You're never going to get a value that is going to be as accurate as an individual assessment and appraisal of a property at a point in time. However, the application of a strong methodology for mass appraisal can help to make sure that there is a higher degree of accuracy.
It's always really important to recognize, as well, that any appraisal, whether it be an individual appraisal or a mass appraisal, is a point-in-time valuation and markets can fluctuate, as you've noted. It then falls to municipalities and provincial assessment authorities to respond to changing realities within their marketplace. Our organization works actively with all of them as required to help support that process.