Will I Be Getting a Full Appraisal Report?

Yes, absolutely. When you hire National Appraisals, you will receive a comprehensive, certified appraisal report. Our reports are meticulously prepared and signed by a candidate member who conducts the inspection, and thoroughly reviewed and co-signed by a designated member. For residential properties, this is typically a CRA (Canadian Residential Appraiser), and for commercial properties, an AACI (Accredited Appraiser Canadian Institute). This ensures the highest level of accuracy and professionalism.

What is the Appraisal Process?

The process is designed to be seamless and efficient. Once you order an appraisal, we assign a qualified appraiser to your file. The appraiser will contact you to schedule a mutually convenient time for the on-site inspection. During the visit, they will take necessary photographs and notes. Following the inspection, the report is compiled. The invoice is due prior to the final delivery of the report, allowing you the opportunity to meet the appraiser and ask any immediate questions during the site visit.

How Long Does the Appraiser Usually Take?

The duration of the on-site inspection varies depending on the property type. For standard residential properties, the inspection typically takes between 15 to 30 minutes. If the appraiser has previously evaluated the property, it may be even faster. For complex or commercial properties, the inspection can take anywhere from one to two hours.

Do I Need to Clean the House Before the Appraisal?

This is one of our most common questions! The short answer is no, you do not need to deep clean or declutter your home. Appraisers are trained to look past everyday clutter. However, it is highly recommended that you repair any minor damages, such as holes in the wall or peeling paint, as appraisers must note any detrimental conditions in their report. Additionally, ensure that the appraiser has a clear, unobstructed path to walk through the home and take clear photographs of the floors, walls, and ceilings.

Which Areas in Ontario Do You Service?

National Appraisals proudly serves a large portion of Southern and Eastern Ontario. We have four dedicated offices located in: Ottawa Toronto Kingston Sudbury If you are unsure if your property falls within our service area, simply contact us with the address, and our team will quickly confirm our availability.

Property Appraisals in Toronto FAQs | Costs, Process, Reports

Q: What is Included in a Real Estate Appraisal Report?

A standard appraisal report is divided into several key sections to provide a complete picture of your property’s value: 1.Property Information: This includes the number of bedrooms, square footage, assessment data, and owner details. 2.Direct Comparison Approach: This section compares your property to similar, recently sold properties in your specific neighborhood. 3.Cost Approach: This calculates the cost of rebuilding your property from scratch, factoring in current depreciation. 4.Photographs and Addendums: A visual record of the property, including interior and exterior photos taken during the inspection. Note: Due to privacy regulations, we cannot share sample reports from other clients, but we ensure your report meets all industry standards.

Key Takeaways

Property appraisals in Ontario are inspected by a candidate member and co-signed by a designated member.
A standard report includes property information, the direct comparison approach, the cost approach and photographs.
Residential appraisals use a form report, while commercial appraisals generally need a more detailed narrative report.
National Appraisals has four Ontario offices, in Ottawa, Toronto, Kingston and Sudbury.
You can request a quote online, and the quote confirms your price and turnaround.

Who Does Home Appraisals in Ontario?

Home appraisals are done by certified appraisers working to professional standards. At National Appraisals, the candidate member who inspects the property signs the report, and a designated member reviews and co-signs it. For residential properties that is typically a Canadian Residential Appraiser (CRA), and for commercial properties an Accredited Appraiser Canadian Institute (AACI) member.

Individuals, banks, lawyers and accountants all rely on our reports, and National Appraisals is rated Excellent from 45 Google reviews.

Why Do You Need a Property Appraisal?

An independent value helps whenever money, tax or legal rights depend on what a property is worth. The most common reasons include:

Mortgage financing: New mortgages and refinancing.
Tax reporting: Capital gains tax or Canada Revenue Agency reporting.
Estates: Estate and probate purposes.
Family law: Divorce or matrimonial settlements.
Disputes: Power of sale or litigation.
Transactions: Support for purchase or sale decisions.
Public and insurance matters: Insurance or expropriation.

Investors also use appraisals for real estate investment in Ontario, whether they are buying, refinancing or valuing income-producing buildings. Landlords and mortgage brokers also order standalone market rent reports to support the estimated rent for a property.

Why Choose National Appraisals?

Choosing an appraiser is a trust decision, because the report is only useful if the people relying on it accept it. These are the points clients check first.

Flat fee: One fixed price with no hidden extras.
Fast turnaround: A standard report within two days, and within 24 hours in urgent cases.
Lender trusted: TD, RBC, CIBC, Scotiabank, BMO, National Bank, First National, MCAP, Haventree Bank and Tangerine rely on our work.
Wide acceptance: Banks, brokers, lawyers and accountants rely on our reports for financing, legal and tax purposes.

What Is Included in a Real Estate Appraisal Report?

A standard report is divided into key sections that give a complete picture of the property’s value. Because of privacy regulations we cannot share sample reports from other clients, but every report meets industry standards.

Section	What it shows
Property information	Bedrooms, square footage, assessment data and owner details
Direct comparison approach	Your property compared with similar recently sold properties in your neighborhood
Cost approach	The cost of rebuilding the property from scratch, factoring in current depreciation
Photographs and addendums	Interior and exterior photos taken during the inspection

Residential vs Commercial Appraisals

The scope of work differs for each type of property, and so does the report. For income-producing buildings, our commercial property valuation team considers rental income, vacancy rates, operating expenses and capitalization rates.

Factor	Residential	Commercial
Report type	Form report	More detailed narrative report
Valuation approach	Direct comparison and cost approaches	At least two approaches, mainly the income approach
Typical inspection	15 to 30 minutes	One to two hours
Designated member	Typically a CRA	An AACI

What Types of Properties Do We Appraise?

National Appraisals provides valuations for all types of properties, from a single home to specialty assets. Our team of appraisers can also handle complex properties.

Residential: Single-family homes, condos and townhouses.
Commercial: Retail, office and industrial properties.
Income properties: Multifamily buildings with five or more units and other income-producing buildings.
Land: Development land and highest and best use properties.
Specialty: Churches, gas stations, parking, embassies and leased land.

How Long Does a Property Appraisal Take?

The time depends on the scope and complexity of the assignment. The physical inspection can take as little as 15 minutes or as long as about 1.5 hours, but it is only a small portion of the overall work. Most of an appraiser’s time is spent in the office on research, market analysis and due diligence.

Stage	What to expect
Inspection	From about 15 minutes to 1.5 hours, depending on the property
Standard report	Within two days
Urgent report	Within 24 hours in urgent cases
Your quote	Confirms the expected turnaround for your assignment

Where Do We Provide Property Appraisals?

National Appraisals has four dedicated offices across Ontario, so your appraisal is handled by a team that knows your regional market. Our Toronto team provides real estate appraisal in Toronto and across the GTA.

Ottawa: 1505 Laperriere Ave, Ottawa, ON K1Z 7T1, 613-878-2623.
Toronto: 5255 Yonge St Unit 201, North York, ON M2N 6P4, 647-558-8719.
Kingston: 310 Bagot St, Kingston, ON K7K 3B5, 613-878-2623.
Sudbury: 1191 Lansing Ave #1, Greater Sudbury, ON P3A 4C4, 705-805-1760.

We also serve Brockville, Belleville, Kitchener, Waterloo, Guelph, Hamilton, Barrie, Carleton Place and Northern Ontario. Send us the address and we will quickly confirm availability.

Frequently Asked Questions

Will I get a full appraisal report?

Yes. You receive a comprehensive, certified appraisal report prepared by a candidate member who inspects the property and co-signed by a designated member. It covers property information, the direct comparison approach, the cost approach and photographs. Your invoice is due before final delivery, which gives you a chance to ask questions at the site visit.

Does the appraiser need to inspect the property?

For a full appraisal, an inspection is a non-invasive visual observation or walk-through. Interior or exterior inspections are sometimes not possible, for example where improvements have been destroyed or not yet built, when the report is retrospective or prospective, when access is denied, or for desktop and standalone market rent appraisals.

Can I share the appraisal with others?

Only the authorized client and authorized users may rely on the report unless a Letter of Reliance is issued. If a lender, lawyer, accountant or other party needs to rely on the appraisal, tell us when you request your quote so the report is prepared and addressed correctly from the start.

Is a Schedule A appraisal the same as a market rent appraisal?

In many mortgage broker conversations, a Schedule A appraisal means a report or rent schedule that supports the estimated market rent for a property. Brokers often use the term for a standalone market rent appraisal. The exact lender requirement can vary, so confirm what your lender needs before you order.

How do you value a commercial property?

Professional standards require at least two approaches in every commercial assignment. Commercial properties are primarily valued with the income approach, which looks at rental income, vacancy rates, operating expenses and capitalization rates. The sales comparison or cost approach may also be applied to support and corroborate the final value.

Can you provide appraisals for matrimonial settlements?

Yes. Appraisals for divorce and matrimonial settlements are an important part of asset division. When you request a quote, say whether you need a current market value, a retrospective appraisal valued as of a past date, or both, so we can confirm the scope, the fee and the turnaround accurately.

Request a Property Appraisal in Ontario

Call +1 888 887 4926 or order a property appraisal online to get a flat-fee price and turnaround for your property. Our certified team serves Ottawa, Toronto, Kingston, Sudbury and the wider region, and our reports are accepted for financing, legal and tax purposes.