Our professional practice focuses on valuations, Business Valuations, Commercial Real Estate Appraisals and Equipment Appraisal and  to help our clients determine the Fair Market Value of their shares or assets.


Our Value Advisory Practice works with some of our clients to help them improve the value of their businesses, with the aim of maximizing value in contemplation of a future sale and where an exit strategy is being planned.

Ernest Bednarz, CBV
Founder and Principal

Ernest is a Chartered Business Valuator, speaks two languages, and holds a Bachelor of Commerce degree from Royal Roads University in Entrepreneurial Management. 


Ernest is passionate about business and entrepreneurship.  Doing the deals has always driven Ernest to get involved in early-stage business ventures during his career.  With a diverse and vast business background as well as the demands of a young family, Ernest now works with established business owners, aspiring entrepreneurs, and their professional advisors in the field of Business Valuation.


Having owned and operated businesses for over 20 years, Ernest brings his unique perspectives and insights to each assignment.  His past experiences afford him practical knowledge of how businesses actually work, the pressures they are under and where opportunities may exist.  Armed with this understanding Ernest is able to help companies improve on their unique value drivers, to increase and grow their intrinsic value over time. 

Ernest values companies of all shapes and sizes across all industries; whether it is for tax planning, a sale or purchase, or a legal matter, Ernest’s valuation reports have been used to support business values with the Canada Revenue Agency, the Courts, and the major lenders.

He has appeared as a guest expert on Television, Radio and Online programing. Ernest welcomes public speaking engagements and media appearances in his field of expertise.  He is always looking forward to meeting new business owners, discovering their stories and helping them determine and grow the value of their businesses.

Janet Heino, CPA, CA, CBV
Senior Valuator & Mentor

Janet is a Chartered Professional Accountant (CPA) and Chartered Business Valuator (CBV) with over 30 years‘ experience providing client focused services. She has more than twenty plus years’ experience in providing business valuations, litigation support services and a range of management and financial consulting services to a wide variety of clients in many industry sectors as well to the public sectors and ten years in public practice providing audit, tax and accounting services.

She has appeared as an expert witness in the Supreme Court of British Columbia and before the Public Accounts Committee for the government of British Columbia providing insights and explanations on valuation issues.


Janet is one of the most senior business valuators on Vancouver Island and at Malahat Valuation Group, she collaborates and mentors other valuators on all business valuation engagements. Her three decades of valuation experience are invaluable and really is our not-so-secret competitive advantage.  Simply put, she adds incremental perspective and provide additional assurance to every valuation assignment.

We are thrilled to call Janet our colleague and friend, her insights, perspectives and professionalism is unparalleled.

  • LinkedIn Social Icon
Aleksandra Bednarz
AACI, B.Sc, P.App
Commercial Real Estate Appraiser

Aleksandra graduated from the University of Victoria with a BSc in Geography in 2001 and contracted for the provincial government for many years providing GIS technical consulting services. 


Driven by her interest in real estate, Aleksandra began pursuing the AACI designation through the Real Estate Division of UBC in 2015 and achieved her goal in the spring of 2021.

Aleksandra has undertaken a wide array of assignments relating to commercial properties, including multi-family, office, industrial, mixed-use as well as multi-family and commercial development land projects throughout Vancouver Island.  Her objective in every assignment is to provide her clients with well-researched, accurate, and understandable appraisal reports with an aim towards building long lasting relationships.


Aleksandra has become a respected appraiser and is highly regarded by her clients and professionals in the field.  She is known for her integrity, sincerity and diplomacy.  She is a fitness fanatic, smoothie enthusiast and is able to have a good time wherever she goes.  She has a way with words, gets the job done, and excels at creative approaches to problem-solving. 

Darcy Cross
Equipment Appraiser

Darcy is Machinery and Technical Specialties Appraiser and a member of the American Society of Appraisers with 20+ year experience as a aviation professional.

At Malahat Valuation Group, Darcy’s goal is to provide clients with accurate and defensible appraisals of their equipment assets.  While he enjoys appraising all types of equipment, Darcy’s areas of keen interest and expertise are small planes and helicopters. 


As a longtime business owner, Darcy is mindful of the many different scenarios that can arise which demand a professional appraisal of machinery and equipment.  Honest and upfront, Darcy is a hard worker who strives to accomplish excellence in his professional and personal life.


Darcy graduated with top marks from the BCIT Aerospace Campus in Aircraft Maintenance Engineering and from there has never stopped advancing in his career. After 21 years as a Transport Canada and Federal Aviation Administration licensed engineer, Darcy completed the Machinery and Technical Specialties (MTS) – Aircraft Appraisal Program at Embry-Riddle Aeronautical University in Dayton Beach, Florida.


Outside of work, he is a dedicated father, and he shoulders the same enthusiasm for parenting as he does in his pursuit of learning something new. Darcy enjoys spending time with family, sailing, and is also an avid traveler in search of a sunny beach and warm water.