Residential Services

What We Do:

We understand appraisals can be required for a variety of reasons and that clients may require current and retrospective market values. We provide appraisals on a regular basis for: mortgage purposes, matrimonial/asset division purposes, power of sales, estate liquidations, consumer proposals, insurance claims and relocations.

Residential Property types we commonly appraise include:

We also provide progress inspections for properties we have appraised if required.

For matrimonial appraisals and insurance claims we have developed a custom short narrative report and can accommodate specialized requests like extra valuation dates and hypothetical scenarios.

If you require a service not listed, please give us a call as we provide more products/services than those listed here.

Illustration House investment growth, Real estate, Property value

Types of appraisals we offer


Full Appraisal

 A full appraisal includes a site inspection of the exterior and interior of the property. It provides an estimate of market value for a specified effective date. This report is written on the latest AIC form report, and includes a description of the neighbourhood, site and improvements, and has a minimum of 3 comparable sales.


Drive-By Appraisal

This appraisal does not include an interior inspection, and the property is inspected from the road. This report is less detailed than the full and provides a range of value. A minimum of 3 comparable sales are used.


Desktop Appraisal

The appraiser does not inspect the property at all, and is done from the office. This report provides a range of value based on the appraisers research and includes a minimum of 3 comparable sales. This report is typically less reliable than a drive-by or full because the property was not inspected.


New Construction / Progress Inspection

A progress inspection determines the percent complete of new construction projects. Typically financial institutions want them in order to determine how construction is proceeding in order to release more funds.


Market Rent

We can provide a stand alone market rent report that provides an estimate of the fair market rent of a residential property. We can do market rents for a basement apartment, main floor unit or both. We include a minimum of 3 comparable leases.


Hypothetical Condition Appraisals or New Construction Appraisal

Provides an estimate of value based on a hypothetical condition such as a new construction home being 100% complete.

Additional Appraisal Services

Mortgage Financing

An appraisal is typically required for mortgage financing as it estimates the market value of the property that is being used as collateral for the loan. The lender wants to ensure that the property is worth at least as much as the loan amount, so that if the borrower defaults on the loan, the lender can sell the property and recoup its losses.
The appraisal process involves an accredited appraiser evaluating the property and providing an estimate of its value based on factors such as its location, size, condition, and comparable sales in the area. The lender uses this information to assess the risk of the loan and to determine how much it is willing to lend.

Tax Purposes/Capital Gains

If a person sells a piece of real estate, they may be required to pay capital gains tax on the profit made from the sale. The fair market value of the property at the time of the sale is used to calculate the amount of the gain, and thus the amount of tax owed. Similarly, if a person donates real estate to a charity, they may be able to claim a tax deduction based on the appraised value of the property.

Estate Settlement

An appraisal for estate settlement is typically required to determine the fair market value of the assets left behind by the deceased individual. This is important for several reasons:

  1. Estate taxes: The value of an individual’s estate may determine whether or not estate taxes need to be paid. Appraisals can help determine the fair market value of the assets, which can then be used to calculate the amount of estate taxes owed.
  2. Equitable distribution: If the deceased individual had multiple beneficiaries, the assets of the estate may need to be divided among them in a fair and equitable manner. An appraisal can help determine the value of each asset, making it easier to distribute them fairly.
  3. Probate court: If the estate goes to probate court, an appraisal can be used as evidence to support the value of the assets being distributed. This can help prevent disputes among beneficiaries.

Overall, an appraisal for estate settlement is an important step in ensuring that the assets of the deceased individual are properly valued and distributed in accordance with their wishes and applicable laws.

York Simcoe Appraisal

Core Service Area

If you have any questions regarding our service area, please call us at (905) 836-1028 or send us a quick email,