Normac's Blog

The latest industry news, tips for protecting your property, and Normac’s current events.

Co-Insurance Explained: Maximizing Protection with a Replacement Cost Appraisal

A replacement cost appraisal can help prevent a co-insurance penalty on a property’s insurance policy by accurately determining the full
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The Road to Net-Zero Energy Buildings

Net-zero energy buildings are becoming increasingly popular in Canada as the government and private sector strive to reduce greenhouse gas
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Our 2022 Year in Review

Another year is coming to an end and Normac has plenty to show for all of our accomplishments in 2022.
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What’s Up with Canadian Interest Rates?

Unless you have been living off the grid for the past year, you are likely aware that inflation in Canada
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Inflation Opens Opportunity for Brokers and Condo Boards to Re-evaluate Risks

Canada’s year-over-year inflation rate was at 7.6% in July 2022, easing from the 39-year high of 8.1% recorded the month prior.
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Trend Watch: Rising Interest Rates, Housing Activity And Pricing

After a record breaking 2021 and start to 2022, both in terms of demand and price increase, rising housing rates
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Rising Inflation Could Lead to Underinsurance

As of April 2022, the Consumer Price Index has risen 6.8% year-over-year, marking a 31-year high inflationary period in Canada.
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Protecting Your Property from Extreme Weather Events

Climate Change is becoming an ever-increasing threat to the world. From flooding, landslides, extreme winds, and heavy snowfall in the
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Appraisal Requirements Under the Condominium Act of Manitoba

Section 185(3) of the Condominium Act of Manitoba The insurance required under this section must cover:   A) The replacement
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Appraising Heritage Properties – Q&A

What is a heritage designation? Provincial Heritage Acts (in BC, AB and ON) allow municipalities to designate properties to hold its cultural value
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Normac: Showing Up and Showing Out at Industry Events Across Canada

This summer, with vaccine rollouts in full effect, a handful of industry events were able to take place for the first time in over a
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National Day for Truth and Reconciliation

On March 9, 2023, the Province of British Columbia passed legislation to make September 30 a statutory holiday to commemorate
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