Real Property Policy Notice 2026-2: Amendments to Appendix B: Mandatory Procedures for Appraisals and Estimates of the Directive on the Management of Real Property
Date:
Overview
Effective , Appendix B: Mandatory Procedures for Appraisals and Estimates of the Directive on the Management of Real Property was amended as follows:
- The threshold above which a formal appraisal by the Chief Appraiser of Canada is required for non-competitive leases and licences (subsection B.2.2.1.2) has been expanded to include non-competitive transactions of all types (for example, purchases, leases, licences, sales).
- The threshold above which a formal appraisal by the Chief Appraiser of Canada is required for non-competitive real property transactions of all types has been increased from $25,000 to $100,000.
| Transaction type | Before amendment | After amendment |
|---|---|---|
| Open solicitation (competitive) | $500,000 | $500,000 |
| No open solicitation (non-competitive) | $0 | $100,000 |
| Transaction type | Before amendment | After amendment |
|---|---|---|
| Open solicitation (competitive) | $500,000 | $500,000 |
| No open solicitation (non-competitive) | $25,000 | $100,000 |
This change supports more efficient disposals of surplus federal real property and optimizes the use of appraisal resources relative to transaction value and complexity.
For in-flight transactions, departments should determine the appropriate application of the amended requirements based on status and stage of approval as of .
Appraisals support departmental accountability and are the basis upon which a market value justification should be made. They are a key source of information supporting real property transactions.
Enquiries
Questions about this policy notice can be directed to tbs-sctinvestmentmanagement-gestiondesinvestissements@tbs-sct.gc.ca.