Normac's Blog

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

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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Truth and Reconciliation Day: September 30th

In June of 2021, the government announced a new federal statutory day to commemorate and honour the Indigenous lives that
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Insurers Prepare for Increased Impacts of Climate Change

The alarming surge in natural disasters caused by global climate change has brought the average annual cost of claims for
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Normac’s Annual BBQ – The Big Meet!

In August, the Normac team celebrated our Fiscal Year End with our annual Team BBQ! Continue reading to learn more
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What to Expect Before and During a Normac Site Inspection

Know what to expect long before one of our friendly appraisers comes knocking at your door. While every inspection with Normac is different (because each property we appraise is unique), we’ve done
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