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