Does the lender pay for the appraisal?

For most bank-ordered residential mortgages the lender covers the appraisal, though the cost is often passed through in closing costs. Private, alternative, and non-bank lenders usually expect the borrower to pay the appraiser directly.

Why does an estate or divorce appraisal cost more than a mortgage appraisal?

Estate, divorce, litigation, and CRA appraisals require a narrative report, deeper comparable research, and language written to withstand review by lawyers, courts, or auditors. That extra scope translates into a higher fee.

Is a home appraisal tax deductible in Canada?

For personal-use residential property it is not. If the property is a rental, business asset, or being appraised for a legal or tax proceeding, the fee may be deductible — confirm with your accountant.

How do I get an accurate quote?

Provide the appraiser with the property address, purpose of the report, effective date, intended user (lender, lawyer, CRA), and any special conditions. We collect this at the intake below and match you with independent Canadian appraisers.

How long does an appraisal take?

Inspections typically take 30–90 minutes. Written reports for standard mortgage work are delivered within 3–7 business days; narrative reports for estate, divorce, or litigation usually take 1–3 weeks.

How much does a home appraisal cost in Charlottetown?

A standard urban single-family or condo appraisal for mortgage or refinance purposes in Charlottetown typically runs $350–$600. Narrative reports for divorce, estate, or CRA work usually range from $600 to $1,400+ depending on scope.

Are appraisals in Charlottetown more expensive than the national average?

Major metro fees track closely to the national residential range. Luxury, waterfront, and acreage properties within the Charlottetown area typically cost more due to comparable scarcity.

Does the lender always pay?

Not always. Bank mortgages usually include the appraisal; private, alternative, and second-mortgage lenders typically ask the borrower to pay the appraiser directly.

How fast can I get a report?

Standard reports are delivered in 3–7 business days after inspection. Rush turnarounds (24–72h) are available from some firms at a 25–75% premium.

How much does a home appraisal cost in Canada?

Typical Canadian residential appraisal fees range from about $350 to $2,500+ depending on property type, purpose of the report, urgency, and location. Below is a plain-English breakdown of what to expect in 2026 — and how to get a firm quote for your address.

Fee ranges

Typical Canadian appraisal fees by purpose

Report type

Typical range (CAD)

Notes

Urban single-family (mortgage / refinance)

$350 – $550

Standard drive-by or full inspection; most common residential fee band.

Condo / strata (with status certificate review)

$375 – $600

Adds document review; complex buildings sit at the top of the range.

Pre-listing residential

$400 – $700

Narrative-style report to support the listing price is common.

Divorce / matrimonial (narrative report)

$600 – $1,200

Court-ready reporting, longer scope, and often expert-witness availability.

Estate / probate / date-of-death

$550 – $1,100

Historical comparables and CRA / probate-ready formatting drive the fee.

Rural / acreage (single dwelling + outbuildings)

$650 – $1,400

Travel time, comparable scarcity, and land contribution analysis add cost.

Luxury / custom-build

$900 – $2,500+

Deep comparables research, cost-approach analysis, and detailed narratives.

Retrospective (historical effective date)

$600 – $1,300

Historic comparable pulls and archived MLS data drive the premium.

Small multi-family (2–4 units)

$700 – $1,400

Income-approach analysis and rent roll review are usually included.

Court / expert-witness reporting

$1,200 – $3,000+

Court-ready format, deposition prep, and testimony time billed separately.

Reference ranges compiled from AIC member fee schedules, published brokerage pricing, and directory feedback. Not a quote. Confirm fee, scope, intended use, and turnaround in writing before you retain any appraiser.

What drives the fee

Six factors that move a Canadian appraisal quote

Property complexity

Acreage, multiple dwellings, waterfront, or unique construction all extend the appraiser's inspection and comparable research.

Purpose of the report

Court, estate, and CRA work carry heavier documentation than a standard mortgage appraisal.

Turnaround

Rush appraisals (24–72h) typically carry a 25–75% premium over standard 5–10 business day turnarounds.

Location

Rural and remote assignments include travel time and mileage. Urban work is usually the most competitively priced.

Report format

Short-form (CUSPAP form) reports cost less than narrative reports required for estates, divorce, and litigation.

Comparable availability

Thin markets (luxury, acreage, unique properties) require broader research and drive fees up.

By city

Home appraisal cost in major Canadian cities

FAQ

Common questions on appraisal cost

A standard urban residential appraisal for mortgage or refinance purposes typically costs $350–$550. Narrative reports for estate, divorce, or court use range from $600 to $1,400+ depending on scope and jurisdiction.

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