What is the test for an arbitrator to determine the actual value of a plaintiff's property?
Saskatchewan, Canada
The following excerpt is from Silk-o-Lina Led. v. Saskatchewan Telecommunication, 1979 CanLII 2279 (SKDC):
Meredith, D.J., in Toronto v. Toronto Ry, 1924 CanLII 332 (UK JCPC), [1925] A.C. 177, at 178, stated: There is no law which limits arbitrators to one method of determining value; any and every method that may be helpful may be applied. Actual cost, reproduction cost and market value -- direct or indirect -- or’ actual value, may each and all give assistance; or only one may be useful according to the nature and circumstances of each particular inquiry.
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