Our Nova Scotia Experience
In 2020, Halifax was rated Canada’s second fastest growing municipality. All this growth is being noticed in the region’s condominium, commercial, and industrial markets.
With over 20 years of experience appraising all property types, Normac is pleased to expand our services to Atlantic Canada. We meet the certification requirements and are a member of the NSREAA in order to conduct insurance appraisals in the province of Nova Scotia.
Meeting Nova Scotia’s Needs
According to the Nova Scotia Condominium Act, condo corporations are required to maintain an insurable interest to the replacement value of the units and common elements.
We can help! At Normac, we specialize in insurance appraisals. An insurance appraisal provides an estimate of property reconstruction costs in the event of a total loss, for the purpose of determining replacement cost insurance. Because this is the only type of appraisal that we do, we are able to pass along cost savings without compromising on the quality of our reports. That is how we deliver affordable and accurate replacement cost reports, giving you peace of mind that your property is protected.
We offer three-year programs with complimentary updates, competitive fees, and reliable valuations prepared by our accredited appraisers. Our team is trained in actual construction costing, and our proprietary costing database is based on actual construction projects and local cost guides. This makes our valuations the most accurate and reflective of the communities we serve. Our industry-leading reports and unparalleled customer service have earned us the trust of insurance brokers, property management companies, developers, and commercial businesses across Canada.