How Much Does a Home Appraisal Cost in Canada?
If you need a property appraisal in Canada, the first question is usually: what will it cost? Fees vary by property type, location and complexity — here is a practical overview so you know what to expect.
Typical residential appraisal cost
For a standard single-family home, a full appraisal in Canada typically ranges from about $300 to $600. Condominiums are often at the lower end, while larger or rural properties can be higher.
A "drive-by" or desktop appraisal (a more limited scope) can cost less, while a detailed full inspection with a comprehensive report costs more.
Commercial, land and equipment appraisals
Commercial appraisals are more involved and usually start higher — often $1,000 and up, depending on the property type, size and income analysis required.
Land (vacant lot or acreage) and machinery & equipment appraisals are priced case by case, based on size, location and the level of analysis needed.
What affects the price
Property type and size, location (urban vs. rural), complexity, the purpose of the appraisal (mortgage, divorce, estate, capital gains), and how quickly you need it (rush service costs more).
The appraiser’s designation and the type of report (full narrative vs. short form) also affect the fee.
The best way to get an exact price
Because every property is different, the most reliable way to know your cost is to request a free, no-obligation quote. At Appraisal Canada we match you with the right AIC-designated appraiser for your property and give you an exact price up front.