1. What is a property appraisal?
A property appraisal is a professional opinion of a property's market value, provided by a certified appraiser. It’s based on current market trends, comparable sales, and the property’s condition, location, and features. Appraisals are based on a combination of on-site inspections, market research, approaches to value, and they follow the standards set out in CUSPAP (Canadian Uniform Standards of Professional Appraisal Practice).
2. Why do I need an appraisal?
Appraisals are required for mortgage approvals, refinancing, private sales, divorce settlements, estate planning, tax assessments, and legal disputes. They help ensure fair, unbiased valuations.
3. How long does the appraisal process take?
Most residential appraisals are completed within 1–2 business days after the property inspection, depending on complexity and access.
4. What does the appraiser look at during an inspection?
We assess the property's condition, size (GLA), layout, quality of finishes, upgrades, and external site influences. Photos and measurements are taken. Access to all rooms, including the basement and garage is required.
5. Do I need to be home for the appraisal?
Yes, or someone must be available to provide access. For interior inspections, we’ll need entry into all living areas. For exterior-only assignments, access may not be required.
6. How much does an appraisal cost?
Appraisal fees vary based on the location, size, and complexity of the property. Reach out to request a personalized quote in minutes — we're happy to assist.
7. Is the appraisal confidential?
Yes. All reports are handled confidentially and in compliance with USPAP (Uniform Standards of Professional Appraisal Practice). We only share results with authorized parties.
8. Can you appraise properties for capital gains or estate purposes?
Absolutely. We offer retrospective appraisals for CRA, legal, or estate settlement purposes — including fair market value as of a past date (e.g., date of death or transfer).