Evidence of meeting #6 for Government Operations and Estimates in the 39th Parliament, 2nd Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was value.
A recording is available from Parliament.
5:05 p.m.
Chairman and Chief Executive Officer, Informetrica
That's easy. Then sure. As long as I don't have to refer to what it was about, I can give you 20 numbers.
5:05 p.m.
Conservative
Chris Warkentin Conservative Peace River, AB
No. It would have to be in terms of what your assumptions were based on.
5:05 p.m.
Chairman and Chief Executive Officer, Informetrica
Okay. We'll try to do so. If we can do so without violating the confidentiality agreement, I can give you a long list of things to look at.
The only assurance I would like is for you guys to make sure he reads it, just so there's symmetry in the discussion if I take the time to put it together.
5:05 p.m.
Conservative
5:05 p.m.
Conservative
5:05 p.m.
Chairman and Chief Executive Officer, Informetrica
I'm not understanding your jargon. I'm sorry.
5:05 p.m.
Conservative
5:05 p.m.
Chairman and Chief Executive Officer, Informetrica
Do I have a CMA for each of the properties?
5:05 p.m.
Chairman and Chief Executive Officer, Informetrica
I am not familiar with your jargon.
5:05 p.m.
Conservative
Chris Warkentin Conservative Peace River, AB
Okay. A CMA is a comparative market analysis. It's something that every realtor who has ever taken a real estate course is very familiar with. It's something that every person in the real estate world is very familiar with. It's something that everyone who has ever purchased a house is extremely familiar with.
Do you have a comparative market analysis for each of the buildings? How many did you receive for each of the buildings?
5:05 p.m.
Chairman and Chief Executive Officer, Informetrica
We were not asked to make an evaluation independently of the properties. We were asked to look at the studies that had been done and to ask the question what the valuation would be.
We did look at the studies--
5:05 p.m.
Chairman and Chief Executive Officer, Informetrica
Let me complete my answer.
5:05 p.m.
Conservative
5:05 p.m.
Liberal
The Chair Liberal Diane Marleau
You've already had extra. Let him answer the question and then we'll go on to the next person.
5:05 p.m.
Chairman and Chief Executive Officer, Informetrica
And I'll make it brief.
I certainly looked at, as background material to this, the material that was provided.
5:05 p.m.
Conservative
Chris Warkentin Conservative Peace River, AB
I'm asking a specific question. Did you ever come up with a value for each of the buildings?
5:05 p.m.
Conservative
Chris Warkentin Conservative Peace River, AB
The only way you'd be able to do that is by having a comparative market analysis.
5:10 p.m.
Chairman and Chief Executive Officer, Informetrica
No, I disagree with you. There are other ways of coming up with a value, including the valuation that is being used within the studies themselves.
5:10 p.m.
Conservative
Chris Warkentin Conservative Peace River, AB
Every realtor when looking to assess the value of a property will come up with a comparative market analysis. It's the first lesson that any realtor learns. I'm very interested that nothing of that sort was done by your report.
5:10 p.m.
Chairman and Chief Executive Officer, Informetrica
If you think you can get a CMA for nine properties and to convey those to the client and all of that for under $10,000, I welcome you to the business.