Lender-approved home appraisers in Canada
Most Canadian lenders maintain a panel of approved residential appraisal firms. Here's how panels work, what "approved" really means, and how to make sure your appraisal will be accepted.
What is a lender appraisal panel?
A panel is a vetted list of residential appraisal firms a lender (bank, credit union, monoline, MIC, or private lender) is willing to accept reports from. Panel membership usually requires AIC designations (CRA or AACI), professional liability insurance, regional coverage, and a track record of clean reports.
Why panels exist
Lenders use panels to control quality, manage risk, and standardize report formats. A "panel-approved" appraiser knows the lender's templates, scope expectations, and common conditions — which means fewer delays.
A-lenders vs. B-lenders vs. private lenders
A-lenders (big banks) typically have the strictest panels and often order through an Appraisal Management Company (AMC). B-lenders and credit unions are usually more flexible. Private lenders and MICs often accept broker-arranged appraisals as long as the appraiser is designated and addresses the report correctly.
What to do as a borrower
Ask your mortgage broker which lender will fund the deal before ordering an appraisal. If you have flexibility, ask the appraiser whether the report can be transferred to another lender if your file is re-shopped.
Public approved-appraiser lists we reference
Several Canadian lenders publish public approved-appraiser lists, including Equitable Bank, CMLS, and MCAP. These lists update from time to time; always confirm current standing with the appraiser and your lender.
Request quotes
Tell us your lender (or your broker's lender) and we'll help route your request to providers who regularly produce reports in that format.