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
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
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.
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
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.
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
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.
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
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
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
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
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