Key Takeaways An apartment building appraisal for a property with five or more units is treated as a commercial valuation, where the income the building produces drives value.Appraisers rely heavily on the income approach, built from the rent roll, vacancy, operating expenses and net operating income (NOI).CMHC-insured financing, including MLI Select, calls for a well-supported...

Key Takeaways A retrospective appraisal determines a property’s market value as of a specified date in the past, not today. These valuations are commonly required for estate matters, litigation, and capital gains or other tax calculations. Appraisers reconstruct historical market conditions rather than working backwards from today’s value. Data sources may include historical comparable sales,...

Since the beginning of the crisis, many professional appraisers have been required to get hands-on experience evaluating Power of Sales, pre Power of Sales, and real-estate owned (REO) property. REO houses are often offered at a discount for banks to sell them as soon as possible, as there are extra factors to consider. As a...

Preparing your Residential Property for sale?  Getting conflicting information from different listing agents and brokers?  Looking to sell your property off-market ?  A Residential Home Appraisal may help. Selling a residential property can be a complex and challenging process. Homeowners often face numerous decisions and receive conflicting advice from different listing agents and brokers. Moreover,...

You’ve finally accomplished your goal! If you’re like the majority of people, you’ve undoubtedly been daydreaming about owning your own home in Ottawa for a long time. There will be no more payments to a landlord. There will be no more requesting permission to bring a pet inside the residence. It’s completely yours! Contact National...

Key Takeaways Capital gains on real estate in Canada are the profit from selling a property for more than your cost, and the sale must be reported to the Canada Revenue Agency. If a home was your principal residence for every year you owned it, you generally do not pay tax on the gain, but...