Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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How to choose the best appraisal firm
– moneysense.ca
When it comes to real estate transactions, estate settlements, or tax planning, choosing the right appraisal firm can make all the difference. A professional appraisal provides the accurate market value of your property, helping you make informed decisions and avoid costly mistakes. Here’s a complete guide to help you choose the best appraisal firm for your specific needs.
1. Look for designated appraisers (AIC Members)
The first and most important factor is credentials. Ensure the firm’s appraisers are designated members of the Appraisal Institute of Canada (AIC)—either CRA (Canadian Residential Appraiser) or AACI (Accredited Appraiser Canadian Institute).
These designations guarantee that your appraisal report meets Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) requirements, ensuring credibility and acceptance by:
Major banks and lenders
Lawyers and accountants
The Canada Revenue Agency (CRA)
2. Choose a firm with local market expertise
Canada’s real estate market is diverse and constantly evolving…
