The Financial Post reports in its Friday edition that Canadians may just find it rude to write down the value of their real estate, a disconnect a Toronto real estate conference this week heard is affecting sales activity. The Post's Gary Marr writes that MSCI's Bryan Reid moderated a panel at the REALREIT conference tackling the thorny issue of the true value of commercial properties, which have seen a rise in vacancy levels in some asset classes. He said it can come down to an owner believing their property is worth a certain amount, but a buyer anticipating a worst-case scenario. CAP REIT's Julian Schonfeldt said: "I find the politeness with the appraisal thing a bit frustrating. You have prices that are based on conditions in the past that are not relevant anymore. People start talking about trading things, but are not willing to hit where the actual market is. It is something that gets cured with time. When things move up, people adjust appraisals quickly, but when they move down, you stay on the old appraisals, and liquidity dries up." Northwest Healthcare Properties REIT's Mike Brady said, "We need to share our story, as the discount will fade once people see our current situation, not our past two or three years."