Embracing Global Innovation – Impact on Valuation Professionals
A Virtual Symposium proudly presented by the Institute of Municipal Assessors (IMA) & the International Property Tax Institute (IPTI) - January 28th & 29th, 2025
Event Overview
1
Date
January 28-29, 2025. Two half days of insightful discussions and presentations.
2
Organizers
Collaborative effort by the Institute of Municipal Assessors (IMA) and International Property Tax Institute (IPTI).
3
Format & CPD
Virtual symposium accessible to professionals worldwide. Interactive sessions and learning opportunities.
- IMA Members will receive 5.0 CPD Learning Credits for attending the full conference.
- AIC Members will receive 5.0 CPD Credits for attending the full conference.
- IAAO will grant 5.0 Continuing Education Credits for attending the full conference.
- We are confirming CPD credits with RICS and will post once they are confirmed.
Registration Information
Full Event Registration (IPTI Members: $195+HST): Available here
**IPTI Members please reach out to the IPTI Team for event discount code.
One Day Only Registration: January 28th OR 29th
(IMA Members: $125 + HST): Available here
Early Bird Rates Available until December 15th, 2024
- Early Bird Member Fee (Full Event): $195 + HST
- Early Bird Non-Member Fee (Full Event): $245 + HST
- Early Bird Member Fee (One Day Only): $125 + HST
- Early Bird Non-Member Fee (One Day Only): $175 + HST
Registration Process
- Simple online registration through the IMA website. Secure payment options available.
Access Details
- Will be provided one week in advance of the event.
Event Agenda
DAY ONE - Tuesday, January 28th, 2025
1
9:30 AM EST - Opening Remarks
Carlos Resendes, M.I.M.A., President, IMA
Paul Sanderson, President, IPTI
2
10:00 AM EST - Transformation and Evolution of Property Valuations – Global Perspective
Dr. Peadar Davis, Senior Lecturer and Researcher, Ulster University, Northern Ireland
This presentation will focus on appropriate valuation approaches across the world, taking into consideration local market conditions and local technical capacity. Audiences will also learn how technology is helping to bridge capacity gaps and is disrupting market practices.
3
10:45 AM EST - Break
4
11:00 AM EST - The Rise of Big Data in Real Estate - Private and Public Sector Applications
Mordechai Katzman, President, Rethink Solutions
The way in which we collect and use “big data” in the real estate industry can greatly assist or impair professionals when it comes to business decision making. This session will introduce and define key terms and concepts related to “big-data” and explore their practical application in the real estate industry.
5
11:30 AM EST - Using Artificial Intelligence and Machine Learning in Mass Appraisal
Michael Lomax, Managing Director, Assessment, Esri Canada
Michael will be presenting various scenarios on why and how Artificial Intelligence and Machine Learning can help the Assessor’s Office. He will cover what Artificial Intelligence and Machine Learning mean, how they can be used, the value they add, and the potential roles of this technology in the future.
6
12:15 PM EST - Q&A– All Participants
12:45 PM EST - Closing Comments
DAY TWO - Wednesday, January 29th, 2025
1
9:30 AM EST - Review of Day One
2
9:45 AM EST - Enhancing Accuracy with Machine Learning
Ashley Wu, Chief Data Scientist, PVSC
The use and benefits of AI and machine learning are building momentum throughout the global property assessment industry. Property Valuation Services Corporation (PVSC), the assessment authority for Nova Scotia, has successfully developed and integrated advanced statistical analysis (machine learning) as its primary tool for residential valuation and used predictive modelling to build operational efficiencies. With data underpinning most aspects of property valuation, the potential of AI and machine learning – valuation and validation models, dashboards and reports, predictive text and visual generators – are endless, and the requirement for industry collaboration, research, and standards is growing. Join PVSC's Chief Data Scientist Ashley Wu as she shares their machine learning journey, valuation model successes and lessons learned, and her current exploration of machine learning optimization for quality assurance.
3
10:15 AM EST - Leveraging Machine Learning to Modernize the Mass Appraisal Processes – Ontario Experimentation
Brian Guerin, M.I.M.A., Director, Assessment Standards & Mass Appraisal, MPAC
Brian will demonstrate how MPAC are leveraging machine learning to modernize their mass appraisal processes. To date, MPAC have researched leveraging machine learning to develop time adjustment factors to reduce the number of traditional models that need to be build (gaining efficiencies).He’ll also discuss the next phase of research which will include putting multiple values in the system based on different models (both MRA and machine learning)
4
10:45 AM EST - Break
5
11:00 AM EST - Can AI Replace Property Valuation Professionals? - Panel Discussion
Robert Gloudemans, Mass Appraisal Expert Perspective
Charles Johnstone, M.I.M.A., FRICS, AACI, Principal, Property Tax Complex, Ryan - Private Sector Perspective
Shelley Graham, Director, Valuation, Research & Advisory Services, MPAC - Assessment Agency Perspective
Moderator: Greg Martino, M.I.M.A., PLE, Vice-President and Chief Valuation and Standards Officer, MPAC
6
12:15 PM EST - Symposium Summary
12:45 PM EST - Closing Comments
Key Topics
Global Valuation Trends
Explore international shifts in property assessment methodologies and technologies.
Big Data Revolution
Understand how vast datasets are reshaping analysis and predictions.
Human vs. Machine
Debate the future role of professionals in an AI-driven valuation landscape.