How much does an appraisal cost?
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. 

 

To give a perspective, the typical pricing starts from:

• Standard residential form reports start from $575 + taxes

• Concise reports start from $1,495 + taxes

• Narrative reports start from $4,000 + taxes

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Email us at "info@phoenixvaluations.ca" for a quote. A firm quote is confirmed before any engagement begins, so there are no surprises once work is underway. Fees includes physical inspection, travel cost, and reporting. It does not include any additional consulting, court testimonies, second inspections, changes/alterations to the original report, or any additional scope.  

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What does the appraisal fee include?

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.

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How long does an appraisal take?

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.

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What types of properties can you appraise?

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.

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Are the reports certified?

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.

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​What do I need to prepare before the inspection?

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.

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Can an appraisal be used for litigation, estate, or probate matters?

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.