Embracing International Financial Reporting Standards (IFRS)

Ensuring a smooth transition from Canadian GAAP to IFRS is a daunting task for any organization, and the new reporting standards pose unique challenges for the real estate industry. Addressing these challenges can make for a smoother transition and provide opportunities for streamlined business processes.

The real estate industry will be especially affected by the option to account for investment property using the fair value model. Not only will this require ongoing appraisals of investment property assets, it will also have an impact on a number of financial reporting metrics. Businesses in the real estate sector can plan for these changes to manage their impact in the move towards IFRS compliance.

How we can help

With more than 100 IFRS professionals in Canada who have been directly involved with a conversion effort, we can combine our real estate experience and our global network to help your organization make a seamless transition. Contact an IFRS professional near you to learn more.

Visit the real estate page on our IFRS microsite.

Download a quick reference guide to some of the key IFRS accounting issues facing the Canadian real estate industry.

Developing Standards for the Canadian Real Estate Industry (102 KB) Download the full PDF report.