Normac's Blog

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

Including Contents in Property Appraisals

We all know the importance of obtaining a current replacement cost appraisal for your property, but what about appraising contents?
Read More ›
Co-Insurance Explained: Maximizing Protection with a Replacement Cost Appraisal

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
Read More ›
The Road to Net-Zero Energy Buildings

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
Read More ›
Our 2022 Year in Review

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.
Read More ›
What’s Up with Canadian Interest Rates?

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
Read More ›
Inflation Opens Opportunity for Brokers and Condo Boards to Re-evaluate Risks

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.
Read More ›
Trend Watch: Rising Interest Rates, Housing Activity And Pricing

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
Read More ›
Rising Inflation Could Lead to Underinsurance

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.
Read More ›
Protecting Your Property from Extreme Weather Events

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
Read More ›
Appraisal Requirements Under the Condominium Act of Manitoba

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
Read More ›
Appraising Heritage Properties – Q&A

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
Read More ›
Normac: Showing Up and Showing Out at Industry Events Across Canada

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
Read More ›