Local Expertise

National Perspective

Independent commercial real estate appraisers and advisors providing consistent, diligent and reliable valuation solutions throughout Newfoundland & Labrador for more than twenty years.

Provident Valuation & Advisory Services, through its affiliation with Verra Group Valuation, forms part of a team having a broad scope of knowledge and experience, and benefits from access to national level data and knowledge.

Commercial Appraisals

Vacant Land Valuation & Analysis

Seniors Housing Valuation & Feasibility

Expert Services - Expropriation Analysis

Property Tax Consultancy

Geospatial Analysis

Appraisal Review

Call Us: 709-763-6346

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Learn more about what we do by reading our case studies and published articles

APPRAISAL REVIEW

An independent and unbiased critical assessment and reasoned opinion as to the acceptability and quality of another appraiser’s work product in the context of part or all of the appraiser’s Scope of Work. Reviews can range from a basic compliance review to a full, technical review, which is undertaken in accordance with Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) and includes a review of the reports compliance with the appropriate standard, as well as an opinion of the suitability of the market data employed and the veracity of the conclusions. Further, a technical review will assess the highest and best use analysis, appraisal methodologies in the context of the Scope of Work and has a quality control function. Technical reviews may or may not include a site view. Often technical reviews are used for quality control, settlement functions or litigation.

PROPERTY TAX APPEAL

We assist our clients in minimizing their property tax burden by appealing inequitable or erroneous property assessments. We can review your property tax assessment, and advise you whether or not an appeal would be warranted. If yes, we will handle the entire process, including completing a valuation, negotiating with the assessor, and appearing before the appeal court if necessary.

The next Property Tax Cycle Commences January 1, 2021

GENERAL CONSULTANCY SERVICES & ADVICE

We provide general consultancy and advisory related services related to all types of ICI real estate, institutional property types, as well as for all classes of vacant land.

COMMERCIAL VALUATION & ANALYSIS

Our core business is provision of independent and unbiased appraisal reports on all types of real estate including general commercial, industrial, multi-residential, institutional, and special purpose properties. Valuations functions include mortgage financing, purchase and sale, estate settlement, asset management, dispute resolution, expropriation, among others.

Through VerraGroup, Provident is connected to a team of experts from across Canada who have experience in a wide scope of real estate types and valuation functions. Our affiliation with VerraGroup allows us to incorporate national level data and perspective into our reports.

Our core service area is the Province of Newfoundland and Labrador. If you require a St. John's appraiser, or an appraiser to undertake an appraisal anywhere in Newfoundland and Labrador, please give us a call for a free consultancy.

EXPERT SERVICES - EXPROPRIATION RELATED ANALYSIS

Accredited real estate appraisers are recognized by many courts as experts in matters related to real estate valuation. As such, we are often called on to undertake specialized analysis related to expropriation or other government or legislative related purposes.

COST ANALYSIS

Cost services include estimating the reproduction or replacement cost of built and site improvements for insurance purposes, as well as provision of cost and progress inspection reports associated with mortgage financing.

Practice Areas

VACANT LAND VALUATION

HIGHEST & BEST USE ANALYSIS

Valuation of vacant land can be a complex function that is tied to the fundamental concept of Highest & Best Use.

In forming an opinion of the highest and best use, there are essentially four stages of analysis: the potential use must be physically possible and legally permissible, there must be a profitable demand for such a use, and it must return to the land the highest net return for the longest period of time.

Vacant Land

SENIORS HOUSING VALUATION & FEASIBILITY ANALYSIS

Seniors housing valuation and feasibility analysis is a highly specialized field requiring extensive knowledge of the operational models associated with such facilities, demographic change, as well a thorough understanding of related health care policies.

In recent years we have completed valuations on a large proportion of existing personal care home facilities in all regions of the province, and have undertaken work in other provinces of Atlantic Canada. Our work has included market and feasibility studies, as well as 'as complete' enterprise valuations for financing purposes.

Seniors Housing

Expert-Expropriation

Property Tax Appeal

Machinery & Equipment

PRACTICE

AREAS

VG Analytics

GEOSPATIAL ANALYSIS

Provident VA employs a suite of advanced geospatial solutions that allows for use of geoenriched data for valuation, feasibility analysis, and strategic consultancy purposes.

In addition to enhanced valuation services, we are now able to offer tailored and specialized serviced to our clients using these tools, such as current demographic, housing, behavioural, and income-based analysis of specific neighbourhoods, regions or towns, as well as advanced location analysis, site selection services, among others.

VERRA GROUP VISION

Professionalism & Integrity

Accredited AACI professionals are required to provide unbiased and completely objective opinions of value.

Learn more about our professional responsibility here.

The foundation of VerraGroup is our uncompromising conviction-based leadership.

Our focus is to reach and pivot to a new professional equilibrium in the Canadian Valuation industry

- to ensure that every report has been thoroughly completed with the highest level of professional analysis.

In-depth Local Knowledge - National Perspective

We recognize that in-depth local knowledge is essential for provision of accurate and sound valuation analysis and advice, and that such knowledge must be complemented with a broader regional and national perspective.

To ensure the highest possible level of service to our clientele, Verra Group Valuation is building a national team of highly-motivated professionals having diverse knowledge and experience.

We Listen Carefully and Strive to Add Value

A valuation report that provides a value, but doesn't go far enough to solve the client's problem or burning need may be useless. We're not in the business of providing you with something you don't need. We always strive to understand our clients' goals and requirements, and then tailor our services to meet those needs.

This approach is key to our primary goal of adding value where ever possible.

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VERRAGROUP PROFESSIONAL TEAM

Through our affiliation with VerraGroup, we are able to accept and undertake large and complex assignments by leveraging the collective knowledge, experience and manpower of our national team of professionals, as well as through access to national level data.

VerraGroup professionals are accredited members of the Appraisal Institute of Canada