Buyers, homeowners & brokers
Mortgage & Refinance Home Appraisals in Canada
Get a lender-ready home appraisal — quickly, with the right report format your broker or bank expects.
At a glance
- Report type
- Form-based residential appraisal (typically AIC standards) addressed to the intended lender.
- Typical turnaround
- 2–5 business days, depending on lender and location.
- Cost framing
- Standard pricing for urban single-family. Condos with status review, rural, acreage, and luxury homes cost more.
- Intended users
- Mortgage brokers, Banks & credit unions, Private and MIC lenders, Borrowers
- Canada-wide coverage
- Residential property focus
- Comparable-sales evidence
- Independent directory
Why this matters
Mortgage / Refinance valuations are read by someone specific
An appraisal ordered to support a lender's underwriting decision on a purchase, refinance, HELOC, or equity take-out. Often ordered through a lender panel, but private and broker-side appraisals are common.
- Mortgage brokers
- Banks & credit unions
- Private and MIC lenders
- Borrowers
What you provide
- MLS listing or purchase agreement
- Lender appraisal instructions
- Access for inspection
- Recent improvements list
What you receive
- Lender-addressed appraisal report
- Comparable sales analysis
- Opinion of current market value
Common pitfalls
What goes wrong — and how to avoid it
Wrong intended user
An appraisal addressed to the wrong lender may not be transferable. Confirm the lender or panel before ordering.
Value coming in low
If the appraisal falls short of the purchase price, ask your broker about a Reconsideration of Value (ROV) before reordering.
Questions to ask
Before you hire any appraiser
- →Are you on my lender's panel?
- →What's the typical turnaround in my area?
- →Will the report be transferable to another lender?
- →Do you offer a Reconsideration of Value (ROV) process?
Get matched
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FAQ
Mortgage / Refinance appraisal questions
For A-lender mortgages, the lender typically orders from a panel. Private, B-lender, and broker-arranged deals are more flexible.
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