Home appraisal costs in Canada typically range from $400 to $1,500, depending on property type and location

The cost of a professional home appraisal varies based on several key factors. A residential property appraisal is an essential evaluation that provides an unbiased estimate of a home’s fair market value.

Common factors affecting appraisal costs include:

  • Property size and type – larger homes or unique properties require more time and expertise
  • Location – urban areas often have higher rates than rural regions
  • Property complexity – custom homes, heritage properties, or homes with unusual features may cost more
  • Purpose of appraisal – mortgage financing, estate planning, or divorce proceedings may have different requirements
  • Turnaround time – rush services typically incur additional fees