Richard W. Gordon, AACI, P. App (Retired)

Senior Associate

rick_gordonMr. Gordon was previously the President and Partner of D.R. Coell & Associates Inc. from 1984 to 2013 and has been, and still remains, associated with the firm since its incorporation in 1974. Having a broad background in both commercial real estate and all forms of land uses ranging from remote rural and forestry holdings to land density transfers, he is both advisor and appraiser to a wide range of clients.

Mr. Gordon has a strong background in core area rental valuations, investment property analysis, and development property consulting. Mr. Gordon is regularly engaged by forest companies, conservation groups and agencies of government relative to the valuation of key land holdings. He is recognized by all levels of tribunals and acts as an arbitrator in many forms of real estate disputes.

Although retired, Mr. Gordon is still very much a part of the D.R. Coell team.


  • Retired Accredited Appraiser Canadian Institute (AACI, P. App).
  • Recertified until December 31, 2017, Continuing Professional Development Program, Appraisal Institute of Canada.
  • Appraisal Diploma, University of British Columbia, Faculty of Commerce and Business Administration, Vancouver, British Columbia, 1978.

Professional Affiliations

  • Retired Member, Appraisal Institute of Canada:
    • Elected to numerous National and Local level Senior and Executive positions since 1974.
    • Chair of National Complaint Investigating Committee, 1991-93.
    • 1994 Presidential Citation from the Appraisal Institute of Canada “recognizing significant contribution to the growth and enhancement of the appraisal profession.”
  • Member, Victoria Branch, Urban Development Institute.
  • Member, British Columbia Expropriation Association.
  • Member, Victoria Executive Management Club.

Employment History

  • 2013-2015
    Senior Associate and Appraisal Consultant
    Real Estate Appraisal and Consultation
    D.R. Coell & Associates Inc., Victoria, BC
  • 1985-2013
    Senior Appraiser, President and Partner
    Real Estate Appraisal
    D.R. Coell & Associates Inc., Victoria, BC
  • 1974
    Accredited Appraiser, AACI
    Real Estate Appraisal
    D.R. Coell & Associates Inc., Victoria, BC
  • 1974
    Residential Appraiser, CRA
    Appraisal and Audit Section
    Department of National Revenue
  • 1974
    Senior Appraiser
    Property Assessments Department
    Municipality of Saanich, Victoria, BC
  • 1969-73
    Staff Appraiser
    Property Assessments Department
    Municipality of Saanich, Victoria, BC


Property Valuations

  • Remote Lands: Oceanfront, riverfront and forestry use holdings
  • Development: Raw Land Subdivisions; Townhouse Complexes; Strata Residential Condos
  • Commercial: Office Complexes; Shopping Centres; Service Stations
  • Industrial: Light Industrial Parks; Service/Commercial Projects; Vacant Lands
  • Institutional: Courthouse/Civic Bldgs.; Hospitals/Nursing Homes; Public/Private Schools
  • Public: Disposal of Excess Lands; Park Land Acquisitions; Public Works Yards
  • Marine: Marine Terminals, Shipyard Rentals; Filled Foreshore; Private Island

Development Proposals

  • Project Costing
  • Absorption Analysis
  • Market Comparisons


  • Replacement cost appraisals for residential, commercial, industrial and institutional properties

Special Projects

  • Density transfer negotiations and valuations
  • Annual portfolio assessment reviews for large holdings of private and public organizations
  • Special Advisor to pension fund real estate analysts
  • Neighbourhood pub valuations and hospitality industry reviews
  • Valuations of major courthouse complexes on Vancouver Island and the Lower Mainland

Expert Witness

  • Federal Court of Canada
  • Supreme Court of British Columbia
  • Expropriation Compensation Board of British Columbia
  • Property Assessment Review Panel
  • Property Assessment Appeal Board
  • Commercial Arbitration


  • Cabinet appointment as Valuator pursuant to Hydro and Power Act
  • Appointments to serve pursuant to the Commercial Arbitration Act

Published Articles

  • The Appraisal of Partial Interests in Real Property “Canadian Appraiser Evaluateur Canadien” Winter 2004