TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

ABSTRACTION METHOD [2 records]

Record 1 2003-02-27

English

Subject field(s)
  • Estimating (Construction)
  • Real Estate
DEF

A method of appraising property by separating the value of structures and physical improvements from the overall value of the total property to arrive at a value of the site alone.

OBS

This approach is often used in establishing the value of a specific site when vacant comparable sites cannot be obtained and is also referred to as the allocation or extraction method.

OBS

Abstraction is one of four methods typically used in site valuation. The others are Comparative Sales Method, Land Development Method, and Land Residual Method.

French

Domaine(s)
  • Évaluation et estimation (Construction)
  • Immobilier
CONT

Dans l'évaluation du terrain, l'évaluateur doit recourir à l'une des quatre méthodes reconnues en évaluation, à savoir la méthode de comparaison, la méthode de répartition ou de soustraction, la méthode du revenu résiduel au terrain et la méthode du lotissement.

Spanish

Save record 1

Record 2 1981-12-03

English

Subject field(s)
  • Finance
  • Urban Sites
OBS

The allocation of the appraised total value of the property between land and building. This may be accomplished either on a ratio basis or by subtracting a figure representing building value from the appraised total value of the improved property.

French

Domaine(s)
  • Finances
  • Sites (Urbanisme)
OBS

[Méthode suivant laquelle] on alloue une valeur à un bâtiment impliqué dans une vente récente d'immeuble. On soustrait cette valeur du prix de la transaction, établissant ainsi la valeur du terrain de l'immeuble comparable.

Spanish

Save record 2

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