Co-op apartment appraisers in Canada
Independent valuations for equity co-operatives, where financing, transferability, and corporate financials drive value differently than condos.
What drives value
Value drivers
- Share structure and proportionate interest in the corporation
- Underlying corporate mortgage and monthly maintenance fees
- Board approval requirements and transfer restrictions
- Comparable co-op (not condo) sales in the same or peer buildings
Watch-outs
Things to know
- Many lenders restrict or decline co-op financing — confirm your lender accepts the structure before ordering
- Comparable evidence is thinner than condos; experienced co-op appraisers are essential
Be prepared
What co-op apartments appraisals typically involve
Documents to gather
- Share certificate and occupancy agreement (if available)
- Most recent audited financial statements of the corporation
- Current maintenance fee and any pending assessments
Report formats
- Full narrative report (recommended given comparable scarcity)
Common purposes
- Mortgage financing
- Estate / probate
- Matrimonial
- Capital gains / CRA
FAQ
Co-op Apartments appraisal questions
No. In a co-op you own shares in a corporation that owns the building; in a condo you hold title to the unit. Value drivers and financing differ materially.
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