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Report Ownership

According to the rules set out by our governing body; any appraisal report completed by our members is owned by the individual or organization for whom the member renders the professional service. Generally this is listed in the report as the "Intended User".  This is regardless of who paid for the report. To release the file for use by another individual or organization, we require, in writing, the authorization from the original client.

We retain the right to decline any request to forward a report to another individual based on a number of considerations including, but not limited to: the passage of time, property use, and/or altered market conditions.

 

Report Delivery

After your report has been completed, you will be emailed a PDF version of your file to the email of your choosing. If you require a hard copy sent to you via Canada Post, the fee is $25.00 + gst. This price will increase if you require a one day courier.

 

What can an appraiser do for me?

Here is a quick look at how a designated member of the APPRAISAL INSTITUTE OF CANADA can help you.

 

  • Full Appraisals                                             

  • Arbitration

  • Market Analysis

  • Historical Market Value

  • Expert Witness Testimony

  • Litigation Support

  • Estate Planning

  • Cost-Benefit Studies

  • Feasibility Studies

  • Zoning & Land Use Testimony

  • Tax Assessment Review & Advice

  • Highest & Best Use Analysis

  • Market Rent & Tent Studies

  • Expropriation Compensation Advice

Why should I get an appraisal?

Buying your first home or an investment property?

 

It is one of the biggest investments of your life. An appraisal completed by a designated member of The Appraisal Institute of Canada can offer you an unbiased, informed opinion of the market value of the property you are interested in. Alternatively, if you are considering selling your home or refinancing to consolidate some pre-existing debt you may find having the proper value of your home an invaluable tool to use as your starting point.

 

Appraisals are also very useful when preparing your will and setting up your estate which can protect your loved ones once you are gone. They also assist in the fair division of Matrimonial assets, help with tax assessments, expropriation values, capital gain and tax preparations.

Why use an Appraisal Institute of Canada member?

 

  • All members of the Appraisal Institute of Canada are required to provide a completely objective opinion of value, independent of any other business interest.

  • Institute designations are earned after completion of rigorous university level educational courses.

  • Institute designated members earn their designations after demonstrating supervised appraisal experience in the market.

  • Members are in the industry for the long term, committing themselves to a life of re-training to better serve the greater good of the public and banking industry.

  • The Appraisal Institute of Canada has affiliate members that are at the head of the banking and insurance industries, providing the institute with first hand industry concerns which are then filtered down to the designated members. This allows the members to better protect the industry for the long term good of all Canadians.

  • The Appraisal Institute of Canada governs its members through a strict code of ethics and standards. Members who do not follow the rules as set out by the Institute face discipline up to and including expulsion of their designations.

  • All members of the Appraisal Institute of Canada carry large Errors and Omissions insurance, protecting the homeowners and banks. It is because of the Institutes commitment to protecting the public interest that the liability insurance was created.

  • All appraisals created by designated members are accepted by not only Canadian lenders by also by judicial and regulatory bodies, for purposes of divorce and arbitration amongst others.

  • The Appraisal Institute of Canada has been regulating the real estate appraisal industry for more than 50 years.

Renovations & Landscaping

Careful planning of your renovation in advance is the key to your success. You should always start your research by knowing the true value of your home. The value cannot truly be derived by reading either local real estate ads or the inflated advice of a realtor. The true market value can only come from a member of the Appraisal Institute of Canada who has years of valuation experience and education. An Appraiser can provide you with current “As-Is” value as well as a post-renovation value.

 

AIC's 2004 renovation survey identified the following renovation projects provide the highest payback potential for homeowners:

 

  • bathroom renovation

  • kitchen renovation

  • painting - interior/exterior

 

Homeowners planning renovations should contact their local municipality to determine if any permits are required before beginning any project.