EP024 Self-Assessment

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