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When most Canadians think about their home’s value, they turn to online estimators, recent sales in the neighborhood, or even municipal tax assessments. But when it comes to making financial or legal decisions, these ballpark figures often fall short. That’s where professional real estate appraisals come in—and they can save homeowners, investors, and families from costly mistakes.

Online and tax valuations often mislead

Online valuation tools are convenient, but they rely on broad averages and incomplete data. Municipal tax assessments, on the other hand, are designed for revenue collection, not market precision. Both can be tens of thousands of dollars off the mark.

For example, a property on a busy street might be assessed in line with quieter comparables, inflating its market value. Conversely, a recently renovated home may be undervalued because assessments don’t account for upgrades. These discrepancies matter when you’re refinancing, selling, settling an estate, or dividing assets…

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