Banting Research Foundation Banting Research Foundation The Banting Research Foundation is a registered charity whose object is to fund health and biomedical research in Canada. It was established to support the ongoing research of Frederick Banting and his associates. The Banting Research Foundation was created in 1925 to commemorate the discovery of insulin and to support further medical research by Banting and other scientists in Canada, in the hopes of finding additional medical discoveries of equal importance. A fundraising campaign in 1925, led by Sir William Mulock, Chancellor of the University of Toronto, raised $500,000 from individual and corporate donors to establish an
Highest and best use the highest and best use is the commercial lot use. The market value of the property is driven by this hypothetical conversion, even if it never takes place, due to the utility that this potential conversion would bring to a purchaser. The economic concepts of utility and substitution drive the highest and best use analysis. The highest and best use of a property determines its utility to a potential purchaser. A purchaser will pay no more for a property than a competing property with the same utility would command, while a seller would accept no less than another seller of