Borealis Advisory Services
New brand, proven professionals
Independence Accuracy Trust
Borealis embodies the very best of Quebec — its strength and its brilliance. With decades of experience in the field, we have an in-depth understanding of the market, its key players, and the unique challenges of the commercial real estate industry.
Why Borealis Advisory Services
Borealis Advisory Services was founded with a simple yet powerful mission: to offer an independent, agile, and human-centered alternative to large real estate valuation firms.
Here, excellence is in our DNA — and every client truly matters.
- Total independence in our analyses
- Transparency in our processes
- Precision through reliable databases
- Proximity to our clients
- Innovation in our decision-support tools
The best advisors
Our goal
We aim to unite the top independent commercial real estate advisors and set the standard for independent property valuation in Quebec — powered by a national alliance.
Our Story
Borealis Advisory Services is a Quebec-based independent professional firm specializing in real estate valuation for the commercial property industry. Founded by four seasoned professionals, all from the culture of excellence of a major Canadian public real estate consulting firm, Borealis was created out of a shared desire: to offer an independent, rigorous, and human-centered alternative within commercial real estate consulting.
About
About us
Our Purpose
To bring together human expertise and professional independence to support our clients in making informed decisions on complex real estate investments.
Our Mission
To deliver independent, integrated, and personalized professional real estate valuation services to the commercial real estate industry—with rigor, transparency, and commitment.
Our Vision
To become Quebec’s leading independent real estate advisory firm serving the commercial real estate sector.
Our Values
At Borealis Advisory Services, our values guide every decision and every professional action. They define our identity, rooted in independence, rigor, and human engagement.
Independence
Our independent structure allows us to provide objective insights, free from any pressure or conflict of interest. This autonomy ensures the accuracy and credibility of our services.
01
Integrity
We believe that ethical standards are the foundation of any true advisory service. Transparency, loyalty, and rigor are the cornerstones of the trust we build with our clients and partners.
02
Excellence
Driven by a constant pursuit of improvement, we aim for excellence in every engagement. Rigorous analysis, methodological precision, and attention to detail are at the heart of our approach.
03
Collaboration
We believe in the power of collective intelligence. Our projects thrive through the shared insights of our experts and partners. Listening and synergy fuel our performance.
04
Responsability
Aware of the impact of our recommendations, we act with seriousness, transparency, and a strong sense of responsibility—toward our clients and society at large.
05
Pioneering Spirit
Borealis was born from a spirit of innovation. We challenge established practices, explore new paths, and actively contribute to the evolution of our industry.
06
Humanity
Behind every valuation lies a project, an intention, and people. Our approach is infused with respect, compassion, and a genuine desire to serve with heart.
07
Our Services
Valuation for Property Tax Management
Our expertise helps optimize property tax management by reducing the tax burden on real estate assets through rigorous analysis and reliable data.
Property tax impact analysis across real estate portfolios
Review of municipal property assessments, including assigned tax categories and classes, to ensure accuracy and preparation of preliminary analysis
Identification of potential property tax savings opportunities
Proactive management of the pre-roll process with municipal assessors (when applicable), to identify property-specific factors affecting assessed value and resolve issues prior to the issuance of municipal assessment rolls
Property assessment before their official deposit for real estate development projects
Management and coordination of property data and economic information gathering as required by municipal assessors
Allocation of property taxes among tenants
Budgeting and forecasting of property taxes
Due diligence on property tax matters
Filling formal requests for hearing as needed
Professional management of the appeals process in accordance with legal and administrative deadlines
Expert testimony and representation before tribunals in assessment disputes
Real Estate Valuation
We simplify complex, multidimensional projects and deliver tailored solutions. We offer a full range of real estate valuation services for purposes such as:
Financing
Disposition
IFRS
Insurance
Self-assessment for development projects
Litigation and expropriation
Clients
Our Clients
We serve a distinguished and diverse clientele:
Our Team
438.933.1753
steeve.bouchard@borealisexpert.ca
Steeve is a Chartered Appraiser (É.A.) and member of the Ordre des Évaluateurs agréés du Québec (OEAQ), with over 25 years of experience in real estate valuation and asset management. Most recently as Senior Director at Altus Group, he has developed extensive expertise in income property valuation—especially industrial and commercial assets—for purposes such as taxation, financing, due diligence, rental rates, and market value.
He also served as Senior Manager of Property Taxes for Canada’s largest airline, overseeing its global real estate portfolio.
Steeve is a guest expert in the Certification Program in Real Estate Management offered by Concordia University / John Molson School of Business / Urban Development Institute of Quebec (IDU), and regularly speaks at major industry events such as the Montreal Real Estate Summit and BOMA conferences.
At Borealis, he now dedicates his expertise to providing strategic real estate valuation advice to the province’s largest property owners, investors, and developers.
514.249.8036
yves.godin@borealisexpert.ca
Yves is a Chartered Appraiser (É.A.) and a long-standing member of the Ordre des Évaluateurs Agréés du Québec (OEAQ) with over 35 years of experience. Former Executive Vice President at Altus Group, he specialized in the valuation of large non-residential income properties (commercial, office, industrial) for property tax purposes.
With degrees in Urban Planning and Business Administration, Yves began his career at Roy Sanche Gold & Associates (RSGA), where he became a partner. In 2006, RSGA merged with Altus Group, where Yves led the Advisory, Litigation and Property Tax group in Quebec until 2023.
He is a leading authority on the valuation of large industrial and commercial property portfolios across Canada and has provided expert testimony before Quebec’s main tribunals.
Yves has served extensively with the OEAQ, including as Chair of the Professional Inspection Committee (2002–2016), and as a member of the Disciplinary Committee since 2019. He served on the IDU board from 2017 to 2023 and participated in numerous tax policy and economic development committees. In 2016, he was appointed to Montreal’s Non-Residential Taxation and Economic Development Committee and was awarded the “Mérite” by the Quebec Interprofessional Council.
After retiring in 2023, Yves returned to professional life in 2025 to co-found Borealis Advisory Services.
514.503.1270
jb.parenteau@borealisexpert.ca
Jean-Bernard has a background in law with a Master of Laws (LL.M.) in International Law and an MBA. With five years in private practice, he developed strong expertise in business and IT law, before joining Chicago Title Insurance Company as Associate Vice President from 2004 to 2013.
From 2013 to 2025, he held senior leadership roles at Altus Group, overseeing communications and strategic development for real estate professional services, building relationships with major owners, Real Estate management firms and Real Estate developers across Canada.
Jean-Bernard has served on the Board of the Urban Development Institute (IDU) since 2023 and on the Board of Cercle 13, a nonprofit fostering high-level knowledge sharing among commercial real estate professionals, since 2012.
He is also on the Board of the RÉA Foundation, which promotes excellence in specialized clinical care, cutting-edge research, and university-level teaching in physical rehabilitation in Quebec.
A passionate supporter of classical music, he has been a Board member of Ensemble contemporain de Montréal (ECM+) since 2016 — an ensemble dedicated entirely to the creation and performance of contemporary Canadian classical music.
514.349.2747
alexandra.stgeorges@borealisexpert.ca
Alexandra St-Georges is a Chartered Appraiser with over 25 years of experience in real estate valuation. A recognized expert in income-producing property valuation, she has developed specialized expertise in the appraisal of hotels, lodging establishments, and recreational and resort properties for a wide range of purposes.
Throughout her career, Alexandra has acted as an expert witness before the Tribunal administratif du Québec (TAQ). She has also been a featured speaker at various webinars and conferences in Quebec, particularly on property taxation and hotel asset valuation, sharing her deep knowledge with industry professionals.
Her ability to clearly understand client needs, combined with a proactive and tailored service approach, has made her a trusted resource for resolving complex tax-related challenges in the hotel and hospitality sector. Alexandra is known for her dedication, loyalty, and unwavering commitment to her colleagues.
Actively involved with the Ordre des Évaluateurs Agréés du Québec (OEAQ) since 2017, she has been a member of its Executive Committee since 2019 and was appointed Vice-Chair of the Board of Directors in 2025. She has also served on the Governance and Human Resources Committee and has designed and taught a professional course on hotel and motel valuation for OEAQ members.
Careers
Joining Borealis Advisory Services means choosing an independent, human-centered firm fully committed to excellence.
Contact us
153, avenue Dulwich, Saint-Lambert, QC J4P 2Y7
Steeve Bouchard, C. App.
Co-Founder and Managing Partner
Yves Godin, C. App.
Co-Founder and Managing Partner
Jean-Bernard Parenteau, LL.M. MBA
Co-Founder and Managing Partner
Alexandra St-Georges, C.App
Co-Founder and Managing Partner
Advisory Services
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Advisory Services
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