approved appraisers BRITISH COLUMBIA - RESIDENTIAL

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1 apprved appraisers BRITISH COLUMBIA - RESIDENTIAL ABBOTSFORD ARC Appraisals Best Hme Appraisals Neimi Laprte & Dwle Appraisals Richardsn Appraisals Urban Valley Appraisals CAMPBELL RIVER Cunningham & Rivard CHILLIWACK Bakerview Realty Appraisals Best Hme Appraisals Lawrensn Walker Realty Advisrs (Res + Cnstructin) Neimi Laprte & Dwle Appraisals Frtin Appraisals Ltd Fraser Valley Appraisals Ltd Urban Valley Appraisals COQUITLAM Intercity Appraisals Ltd Leemre & Assciates Neimi Laprte & Dwle Appraisals COURTENAY / COMOX Bates Appraisals Precisin Appraisal Grup CRANBROOK Rcky Muntain Appraisals DUNCAN Lawrensn Walker Realty Advisrs KAMLOOPS Frilan Appraisals LLP (Res + Cnstructin) Flynn Mirtle Mran KELOWNA A-1 Appraisals Ltd Aedis Okanagan Okanagan Appraisals (Res + Cnstructin) MISSION Lawrensn Walker Realty Advisrs NANAIMO Cunningham & Rivard Central Island Appraisals - Grdn Leversidge Isle West Appraisals (Res + Cnstructin) Vancuver Island Appraisals Ltd NELSON G.W. Marken Appraisal Assciates PENTICTON Inland Appraisals Ltd Nrth Cuntry Appraisals Suth Okanagan Appraisals PORT ALBERNI PCAG Prperty Advisrs (Gary Ducette) PRINCE GEORGE C H Gdfrey Appraisals Ltd QUESNEL C H Gdfrey Appraisals Ltd REVELSTOKE Crrie Appraisals SQUAMISH Gateway Appraisals Neimi Laprte & Dwle Appraisals Waltn Appraisers Ltd SUNSHINE COAST Gateway Appraisals Sunshine Cast Appraisals SURREY Bakerview Realty Appriasals Best Hme Appraisals Hker Craig Lum Grup Lawrensn Walker Realty Advisrs Neimi Laprte & Dwle Appraisals VANCOUVER Aedis Vancuver Best Hme Appraisals Campbell & Pund Cunningham & Rivard Appraisals Gateway Appraisals (Nrth Vancuver) Jhnsn Rss & Cheng Ltd Lawrensn Walker Realty Advisrs (Res + Cnstructin) MacIntsh Appraisals Ltd Neimi Laprte & Dwle Appraisals VERNON L.E. Rivard & Assciates Okanagan Nrth Appraisals Schenne & Assciates VICTORIA Baker Osland D.R. Cell & Assciates (Res + Cnstructin) Neimi Laprte & Dwle Appraisals Thibault & Cmpany (Res + Cnstructin) Lawrensn Walker Realty Advisrs WHISTLER Neimi Laprte & Dwle Appraisals Waltn Appraisals Subject t change withut ntice.

2 apprved appraisers BRITISH COLUMBIA - COMMERCIAL VANCOUVER Altus Bramwell & Assciates Realty Advisrs Burgess Cawley Cushman Wakefield Garnett Wilsn Realty Advisrs Hker Craig Lum Grup Internatinal Htel Appraisers Niemi La Prt Dwle VICTORIA Cunningham & Rivard Appraisals D.R. Cell & Assciates Internatinal Htel Appraisers Thibault & Cmpany (Cnstructin) Phung Hrwd BRITISH COLUMBIA - ENVIRONMENTAL ENGINEERS VANCOUVER D. Kelly Envirnmental Leveltn VICTORIA Leveltn Wittich Envirnmental ALBERTA - RESIDENTIAL CALGARY Atkinsn & Assciates Cde Real Estate Appraisers Ltd. (Res + Cnstr.) Eaglesn, H & Assciates Avisn & Yung Sage Appraisals (Res + Cnstructin) Price Aspinall Appraisals CAMROSE Accrd Appraisal C Altari Appraisal C. Ltd CANMORE Gateway Appraisal Ltd EDMONTON Cwan & Assciates Appraisals D.G. Schultz & Assciates Ergil Bains & Assciates Frst & Assciates HarrisnBwker Real Estate Appraisals (Res + Cnstr.) Knight & Cmpany Appraisals Jacksn Real Estate Appraisals Wall & Assciates EDSON / HINTON/ GRANDE CACHE Slavik McCartney Appraisals Inc FORT MCMURRAY Chalifur Denis & Assciates GRANDE PRAIRIE Baldwin Appraisals Biegel & Perra Appraisals Pmery Valuatin Grup LETHBRIDGE Lethbridge Prperty Appraisal Ltd Reliance Appraisal Cnsultants Ltd MEDICINE HAT City Appraisal Cnsultants Classic Appraisal Cnsultants OLDS Kate Rung & Assciates RED DEER M.R. Sderquist Appraisals Ltd Parkland Valuatins Inc Waters Mackie Valuatins Inc ALBERTA - COMMERCIAL CALGARY Altus Internatinal Htel Appraisers Sage Appraisals (frmerly Macdnald Cpeland) Wernick Omura EDMONTON Altus Cwan & Assciates Appraisals Dwney Sande Real Estate Appraisers Impact Prperty Advisrs HarrisnBwker Real Estate Appraisals Subject t change withut ntice.

3 apprved appraisers ALBERTA - ENVIRONMENTAL ENGINEERS CALGARY Leveltn Try Envirnmental Cnsulting EDMONTON Leveltn EBA (Phase 2 reprts) Venture Engineering (Phase 1 reprts) Paladin Envirnmental Cnsulting Services Ltd SASKATCHEWAN - RESIDENTIAL LLOYDMINSTER M.I.T. Appraisals Ltd REGINA Crwn Appraisals Fx Appraisals & Real Estate Cnsultants SASKATOON Dream Hme Appraisal Cmpany Ltd Brunsdn Lawrek & Assciates SWIFT CURRENT Warkentin Appraisal Services MANITOBA - RESIDENTIAL WINNIPEG Rixn Appraisal Services Kemp Appraisal Ltd BRANDON Rland Weir Appraisal Assciates ONTARIO - COMMERCIAL GENERAL CONTACT - PROVINCE WIDE Avisn Yung Subject t change withut ntice.

4 apprved appraisers ONTARIO - RESIDENTIAL AJAX Avisn Yung Bnafide Appraisals Inc Crss-twn Appraisal Ltd Everest Appraisals Hme Value Inc Premier Appraisal Services RECG - The Real Estate Cnsulting Grup f Canada Ltd AURORA / NEWMARKET Appraisal Prfessinals Inc Avisn Yung Bnafide Appraisals Inc Danfrd Appraisals Hme Value Inc PVCI Inc RECG - The Real Estate Cnsulting Grup f Canada Ltd BARRIE & ORILLIA Allan Ry Appraisers Canada Inc Barbara C. Hughes Appraisal Services Ltd Cnslidated Appraisal Services Danfrd Appraisals Dennis Murphy Appraiser BELLEVILLE & NORTHUMBERLAND COUNTY & PRINCE EDWARD COUNTY Baayen & Assciates BRAMPTON Avisn Yung Bnafide Appraisals Inc Crss-twn Appraisal Ltd Hendren Appraisals Hme Value Inc RECG - The Real Estate Cnsulting Grup f Canada Ltd BRANTFORD Brant Residential Appraisals BURLINGTON Hme Value Inc Walker & Walker Appraisals Schinkel Real Estate & Appraisals COLLINGWOOD, WASAGA BEACH, & BLUE MOUNTAIN Danfrd Appraisals HAMILTON Schinkel Real Estate & Appraisals INNISFIL Danfrd Appraisals Warnica Appraisals Inc KINGSTON M. W. Ctman & Assciates Inc S. Rayner & Assciates Ltd KITCHENER City Management and Appraisals Ltd M. Machel & Assciates Ltd Muss Appraisals & Cnsulting Inc Real Estate Appraisal & Cnsulting LONDON Metrix Suthwest Inc Ott & Cmpany R.J. Lyns Real Estate Appraisal Services Valc Cnsultants Inc OAKVILLE Accredited Appraisals & Realty Services Avisn Yung Bnafide Appraisals Inc Bastien Appraisal Services Inc Crss-twn Appraisal Ltd Hme Value Inc RECG - The Real Estate Cnsulting Grup f Canada Ltd OTTAWA Affiliated Prperty Grup Carty Gwilym Appraisal Services Independent Appraisal Crp Nrth Bradft Gribbn Inc Pigen-Ry Real Estate Advisry Grup Ltd van Walraven Appraisals Inc PETERBOROUGH & KAWATHA LAKES Baayen & Assciates PICKERING Avisn Yung Bnafide Appraisals Inc Crss-twn Appraisal Ltd Hme Value Inc RECG - The Real Estate Cnsulting Grup f Canada Ltd Zrn Appraisal Services Ltd ST. CATHERINES / NIAGARA FALLS Ridley & Assciates Appraisal Services Ltd STRATFORD Kahle Appraisers and Cnsultants TORONTO All Realty Cnsultants (Res + Cnstructin) Avisn Yung Bnafide Appraisals Inc Crss-twn Appraisal Ltd Hme Value Inc RECG - The Real Estate Cnsulting Grup f Canada Ltd TM Appraisers Inc VAUGHN Appraisal 2000 Realty Grup Avisn Yung Bnafide Appraisals Inc Crss-twn Appraisal Ltd Danfrd Appraisals Hme Value Inc RECG - The Real Estate Cnsulting Grup f Canada Ltd Subject t change withut ntice.

5 apprved appraisers RESIDENTIAL APPRAISAL REQUIREMENTS Appraisals t be rdered by Fisgard r by brker and paid fr by applicant Appraisals t include: Clur Phtgraphs f the subject prperty (frnt, rear, and street view plus interir pht f every rm) Must reference current ptential ecnmic rent(s) f the subject prperty if tenanted Histric data and/r sales f the subject prperty, including any knwn envirnmental issues Current market trend fr the subject prperty Estimated marketing time fr the subject prperty shuld the prperty be listed tday based n appraised value, market cnditins, supply, and demand Zning f the subject prperty: Des it cnfrm? Fr prperties ver 5 acres in size: in additin t the full value, please prvide the value based n the primary structure and five acres nly. Overall cnditin (ratings) f the subject prperty Fundatin (type, cnditin) f the subject prperty Current sales cmparisn f similar prperties (adjustment %) Similar square ftage, age f cnstructin, amenities, upgrades and cnditin Lcatin including distance t the subject prperty Likeness Marketing time (hw lng they were n the market) fr the cmparable prperties listed Clur phtgraphs f the cmparable prperties listed Map shwing the lcatins f the subject prperty and the cmparable prperties listed Extrardinary assumptins must be clearly defined s they are easy t read and understand Any negative pints that need t be addressed must be clearly pinted ut Appraisals must be perfrmed by appraisers with a CRA r AACI designatin and send directly t Fisgard frm the Appraiser Appraisal reprts by an inspectr with Candidate status must signed by an AIC registered c-signer. Appraisals perfrmed by appraisers with a CNAREA designatin will nt be accepted by Fisgard Subject t change withut ntice. Fr mre infrmatin cntact: Telephne: Fax: NewDeal@fisgard.cm Fr mre infrmatin, yu can visit ur website at

6 apprved appraisers COMMERCIAL APPRAISAL REQUIREMENTS Appraisals t be rdered by Fisgard r by brker and paid fr by applicant Appraisals t include: Clur Phtgraphs f the subject prperty (frnt, rear, and street view plus interir pht f every rm) Building sketch and flr map f prperty, if available Histric data and/r sales f the subject prperty, including any knwn envirnmental issues Current market trend fr the subject prperty Estimated marketing time fr the subject prperty shuld the prperty be listed tday based n appraised value, market cnditins, supply, and demand Zning f the subject prperty: Des it cnfrm? Highest and best use (as vacant and imprved) Overall cnditin (ratings) f the subject prperty Remaining ecnmic life Fundatin (type, cnditin) f the subject prperty Incme Apprach and Direct Cmparisn Apprach are required Incme Apprach: Cmment n current rents fr subject and cmpare t market rents Prvide rent rll (if available) Cap rate used must be defined Obtain expenses frm the wner fr perating csts Nte if lease is grss r net Per Square Ft (PSF) amunt used t btain the base rent amunt Direct Cmparisn Apprach Current sales cmparisns f similar prperties Similar square ftage, age f cnstructin, amenities, upgrades and cnditin Likeness Marketing time (hw lng were they n the market?) Clur phtgraphs Map shwing the lcatins f the subject prperty and the cmparable prperties listed Extrardinary assumptins must be clearly defined s they are easy t read and understand Any negative pints that need t be addressed must be clearly pinted ut A current cpy f the title f the subject prperty including the appraiser s review f the title and cmments regarding any restrictive cvenants n title Appraisals must be perfrmed by appraisers with an AACI designatin and sent directly t Fisgard Capital frm the Appraiser Appraisal reprts by an inspectr with Candidate status must signed by an AIC registered c-signer. Appraisals perfrmed by appraisers with a CNAREA designatin will nt be accepted by Fisgard. Issued 21-Dec-2017 Subject t change withut ntice. Fr mre infrmatin cntact: Telephne: Fax: NewDeal@fisgard.cm Fr mre infrmatin, yu can visit ur website at

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