Appraisal and Valuation

What an appraisal does in a Canadian mortgage file and why value support matters for purchase, renewal, refinance, and home-equity decisions.

What appraised value means in Canadian mortgage lending and how it can differ from purchase price, market value, or assessed value.

What assessed value means in Canada and why it should not be used as a shortcut for mortgage lending value.

What comparable sales mean in Canadian appraisal work and why lenders and appraisers rely on them when judging property value.

What market value means in a Canadian mortgage context and why it should not be confused with tax assessment or simple asking price.

How appraisal and property-value language affects Canadian mortgage approval, refinance decisions, and loan-to-value limits.