Fees are set individually for each assignment rather than fixed by property type. Pricing reflects property complexity, asset class, the purpose of the report (lending, litigation, estate, or investment), and the reporting format required by the intended user. Commercial and special-purpose properties typically require more extensive analysis than a standard residential assignment, which is reflected in the fee. Standard full-scope residential appraisals start at $600, with final pricing depending on property type, distance, complexity, and use. Commercial appraisals are quoted individually based on scope — email info@phoenixvaluations.ca for a quote. A firm quote is confirmed before any engagement begins, so there are no surprises once work is underway.

The fee covers the property inspection, market research and analysis, and preparation of the written report. It also includes one round of post-delivery clarification if you have questions. Requests beyond the original scope such as an additional site visit, a change in use, letter of reliance (if applicable), scope change, etc. - may be quoted separately.

Residential reports are typically delivered within 24 to 36 hours of inspection. Commercial, industrial, land, and special-purpose assignments generally require one to three weeks, depending on property complexity, data availability, analysis, etc. Expedited turnaround can be accommodated when communicated at the time of engagement.

For lending assignments, the lender typically determines the report type required based on the transaction, the appraiser doesn't select this independently. For non-lending files: Full appraisals are provided considering a complete interior and exterior inspection. Common formats for residential assignments include:Desktop appraisal Value is developed without a physical inspection, relying on available data, imagery, and prior records. Subject to CUSPAP's data requirement limiting reliance on data older than three years.Drive-by appraisal Limited to an exterior drive-by inspection only, with no interior access. Interior condition and features are estimated from available data rather than direct observation. Also subject to CUSPAP's three-year data currency limitation. Full appraisal (AIC standard form report) Includes a complete interior and exterior inspection and is the standard format for most residential lending assignments, meeting full CUSPAP reporting requirements.Common formats for commercial assignments include: Comprehensive report Full narrative documentation of methodology, analysis, and supporting data, used for complex or high-value assignments and where the report must withstand third-party scrutiny (lending, litigation, estate).Concise report A more streamlined narrative format used where a full comprehensive report isn't required by the user, while still meeting CUSPAP standards. Advisory assignments (market studies, feasibility analysis, highest-and-best-use reviews) don't follow a fixed report format — scope and deliverable are defined with the client at the outset based on the specific engagement.

Our scope spans residential (single-family, condominiums, multiplex, luxury and estate homes, etc.), commercial (retail, office, industrial, hospitality, mixed-use, multi-family, etc.), development and agricultural land, and special-purpose properties such as places of worship, daycares, automotive facilities, and self-storage, gas stations, etc. Each asset class is approached with methodology suited to its market and use.

We provide residential appraisal services across the City of Toronto, Pickering, Ajax, Vaughan, Richmond Hill, Markham, Caledon, Brampton, Mississauga, Oakville, Burlington, Milton, Halton Hills, Hamilton, Niagara, Ottawa. Surrounding regions are considered on a case-by-case basis — connect with us to learn more.

Our commercial appraisal coverage extends across the Greater Golden Horseshoe — including Toronto, Peel, Halton, York, Durham, Simcoe, Dufferin, Waterloo, Wellington, Hamilton, Brant, Haldimand, and Niagara — as well as Ottawa and surrounding regions. Assignments outside these areas are considered on a case-by-case basis.

You receive a professional written report, delivered as a protected PDF, prepared to CUSPAP standards. It includes a description of the subject property, the analysis and comparable data supporting the conclusion, photographs, the final value opinion as of a stated effective date, and the appraiser's signed certification. The report is accepted by lenders, legal counsel, and other users as identified at the outset of the assignment.

Yes. Assignments are completed by professionals in good standing with the Appraisal Institute of Canada. Every report is signed or co-signed by a designated member of the institute. All reports are prepared in compliance with CUSPAP (Canadian Uniform Standards of Professional Appraisal Practice), the standard recognized by lenders, courts, and regulatory bodies across Canada.

Full access to the property is required, including basements, mechanical rooms, and any additions or renovated areas. For income-producing properties, current leases and rent rolls should be available. Recent renovation records, survey or floor plans, and any relevant permits are helpful where applicable. Once the appraisal is booked and confirmed, the appraiser shall reach out with any details they need to complete the assignment.

Yes. Current appraisals as well as Retrospective appraisals (i.e. valuing a property as of a specific past date) are routinely required for estate settlement, probate administration, matrimonial disputes, and shareholder or partnership buyouts. These reports are structured to withstand scrutiny under legal review, with methodology and adjustments clearly documented.