Condo Appraisals in Toronto
A condo’s value depends on things a house doesn’t have: sales in the same building, the floor and view, parking and a locker, and the monthly fee. We appraise condo apartments, condo townhouses and lofts across Toronto, in a signed report you can give to a lawyer, an accountant, the Canada Revenue Agency or a lender.
Every fee quoted for your home. No cost or obligation for a quote, and your exact fee in writing within one business day.
- Every Condo TypeApartments, townhouses and lofts
- Today or a Past DateEven years later
- 1–2 Business DaysFrom the home visit to signed report
- Follows CUSPAPCanada’s appraisal standards
Every report is signed byJacklin Park, P.App., CRACanadian Residential Appraiser, designated by the Appraisal Institute of Canada12,000+ appraisals over 10+ yearsVerify on the Appraisal Institute of Canada directory ↗
When Do You Need a Condo Appraisal?
Most condo appraisals are for one of these reasons. Some need the value today. Others need the value on a past date, such as the day an owner passed away or the day a couple separated.
An Estate or Date of Death
The executor needs the condo’s value on the date of passing, for probate (the court process that confirms the will) and the final tax return. We can do it years later, even if the unit has been sold.
Value as of: the date of death · estate appraisalsDivorce or Separation
Ontario family law looks at the condo’s value on the separation date, and often today too. An independent value helps both sides settle a fair buyout.
Value as of: the separation date, today, or both · divorce appraisalsA Rental Condo or Capital Gains
Moving out and renting the unit, selling a rental condo, or transferring it to family? The Canada Revenue Agency may need its value on the day the use changed or the day it changed hands.
Value as of: the date of the change · capital gains appraisalsA Mortgage or Private Lender
Refinancing, borrowing from a private lender, or checking a value before you buy. Major banks usually choose their own appraiser, so ask your lender before you order.
Value as of: today · mortgage appraisalsPre-Construction and Assignments
Selling or buying an assignment, or a unit in a building that’s just finished? We compare it with sales of similar finished units and assignments nearby.
Value as of: todaySelling Your Condo
An independent value before you list helps you set a price you can stand behind, without relying only on an agent’s opinion.
Value as of: today · pre-listing appraisalsWhat Sets a Condo’s Value
Two condos the same size can sell for very different prices, even in the same building. Here’s what we look at, and why each one matters.
Sales in the Same Building
Recent sales of similar units in your building are usually the best evidence. Same building means the same location, amenities and fees, so the comparison is close.
Floor, View and Exposure
A higher floor or an open view usually sells for more than a lower unit facing another tower. The direction the unit faces matters too.
Size and Layout
Bedrooms, bathrooms, a den and a usable layout all count. A balcony or terrace adds outdoor space buyers pay for.
Parking and a Locker
In much of Toronto, a parking spot adds real value, and a locker adds some too. Whether each is owned or leased makes a difference.
The Monthly Maintenance Fee
Buyers compare monthly costs. A fee much higher than similar units can lower what buyers will pay, so we note the fee and what it includes.
Upgrades and Condition
A new kitchen, new floors or updated bathrooms can set a unit apart from others in the building. So can wear that needs fixing.
How a Condo Appraisal Works
A condo appraisal follows the same standards as any home appraisal. The difference is in what we compare: units in the same building first, then similar buildings nearby.
Tell Us the Unit and the Date
The address and unit number, why you need the appraisal, and the date the value is needed, whether that’s today or a past date.
Visit the Unit
We photograph the unit and note its size, layout, condition, finishes and view. For a past date, we can also work from photos and records.
Compare Sales
We start with sales of similar units in your building, then similar buildings nearby, and adjust for floor, view, size, parking, locker and upgrades.
Receive a Signed Report
You get a full signed report that follows CUSPAP, Canada’s appraisal standards, showing the sales we compared the unit to and how we reached the value.
What to Have Ready
- Parking and locker details: owned or leased, and their level and unit numbers
- The latest monthly maintenance fee and what it includes
- The floor plan, if you have it, and a list of any renovations or upgrades
- The date the value is needed, if it’s not today
Fees for Condo Appraisals
Every home is different, so every fee is quoted for your home. You’ll have it in writing within one business day, before anything is booked.
If the Canada Revenue Agency, your lender or a lawyer has questions about your report, we answer them at no extra cost.
Apartment, Townhouse or Loft
We appraise every kind of condo: units in high-rise and mid-rise buildings, standard, stacked and back-to-back condo townhouses, and hard and soft lofts.
When you request a quote, choose the property type and tell us the unit number. If parking or a locker comes with the unit, mention it.
Sample Report
This is a real Best Home Value report: 35 pages, prepared to CUSPAP, the Canadian Uniform Standards of Professional Appraisal Practice, and signed by Jacklin Park. It’s what you receive.
More From the Report
Addresses, names, client details and the signature are hidden to protect our client’s privacy. Photos and maps are blurred.
How It Works
Six steps from your first message to a signed report, and you can check where things stand at any point.
Request a Quote
Tell us the address, the property type and why you need the appraisal.
Get Your Fee
You’ll have the exact fee in writing within one business day.
Book the Visit
We book a time that works for both of us, Monday to Saturday.
Inspection
The appraiser measures, photographs and notes the home’s condition.
Analysis
We choose recent sales of similar nearby homes, adjust for the differences, and weigh them to reach a value.
Signed Report
Delivered 1–2 business days after the home visit, with the appraiser available for questions.
Track Your Appraisal
Already booked? See which stage your report is at, any time, without having to call.
Track My AppraisalExample order. Report expected Thursday.
Condo Appraisal Questions
Do you appraise condo townhouses and lofts?
Yes. We appraise condo apartments, condo townhouses (standard, stacked and back-to-back) and lofts across Toronto and the Greater Toronto Area.
Do you use sales from my building?
Yes, when there are recent ones. Sales of similar units in the same building are usually the best evidence of value. When there aren’t enough, we use sales from similar buildings nearby and adjust for the differences.
Does a parking spot or locker change the value?
Yes. In many Toronto buildings, a parking spot adds real value, and a locker adds some too. Tell us whether each one is owned or leased, and its level and unit number, so we compare your unit with the right sales.
Does the maintenance fee affect the value?
It can. Buyers compare monthly costs, so a much higher fee than similar units can lower what buyers will pay. We note the fee and what it includes, such as heat, hydro or water.
Can you appraise a condo for a past date?
Yes. For an estate, a separation or a change of use, we value the condo as of the date you need, using sales from around that date. It can be done years later, even if the unit has since been sold.
Can you appraise a pre-construction or assignment unit?
Yes. Tell us the stage of the building and the unit’s details when you request a quote. We compare it with sales of similar finished units and assignments nearby.
How fast can you do it?
Most reports are delivered within 1–2 business days of the home visit, and you’ll have the fee in writing within one business day of your request. Mention any deadline when you request a quote.
Is an appraisal different from a realtor’s market evaluation?
Yes. A realtor’s market evaluation helps set a listing price and isn’t held to a professional appraisal standard. An appraisal is an independent opinion of value, prepared under CUSPAP (Canadian Uniform Standards of Professional Appraisal Practice) and signed by a designated appraiser, which is why courts, the Canada Revenue Agency and lenders rely on it.
Need Your Condo’s Value? Start Here.
Send the address and unit number. You’ll have your fee in writing within one business day.
We appraise condos across Toronto and the Greater Toronto Area. See every neighbourhood we serve.
No cost or obligation. Your exact fee within one business day. Your details are used only to prepare your quote.
Prefer to talk? Call 647-886-8384, Monday to Saturday.
Good to Know
This page is general information, not tax, legal or financial advice. Best Home Value provides appraisals; please speak with your lawyer, accountant or lender about your situation.