Residential Appraisalin Toronto and the GTA
Independent home and condo valuations for buyers, sellers, refinancers, and families, delivered in about 2 business days.
What Is a Residential Appraisal
A residential appraisal is an independent, written opinion of what a house, condo, or townhouse would sell for today, prepared by a qualified appraiser who inspects the property and compares it to recent nearby sales.
About Seven Appraisal Inc.
3455 Yonge Street, Toronto
Seven Appraisal Inc. is a Toronto appraisal firm providing AACI designated, CUSPAP compliant residential valuations across Toronto and the GTA. Residential reports are typically delivered in about 2 business days.
~2 Days
Typical residential report turnaround
AACI
Designated appraisers on every report
CUSPAP
Compliant and accepted by lenders and courts
GTA-wide
Toronto and all surrounding municipalities
Get Your Residential Appraisal Quote Today
Tell us about your property and what the report is for. We reply within one business day.
Know What Your Home Is Worth Before You Decide
Your home is likely the biggest financial asset you own. Whether you are buying, selling, refinancing, settling an estate, or dealing with a legal or tax matter, a decision made on a guess can cost real money. A certified appraisal replaces the guess with a supported number.
An appraisal is different from a listing price, an online estimate, or a realtor's opinion. A realtor suggests a price to attract buyers. An online tool runs an algorithm. An appraiser inspects your property in person, analyzes real sales, and signs a report that lenders, lawyers, and the CRA can rely on. Our guide on appraisals versus automated valuation models explains why that distinction matters, and property value in Toronto versus a professional appraisal goes further.
Brampton, ON
North York, ON
Why Appraisals Matter More in Toronto Right Now
The GTA market is not moving the way it did a few years ago. TRREB reported 5,040 sales in September 2026, down 9% from a year earlier. The average selling price was $1,006,409, down from $1,060,036, and the composite benchmark price fell 4.7% year over year.
Values have not fallen evenly. Canadian Mortgage Professional reported in July that, based on TRREB data, average prices were down about 2% for detached homes, 4.6% for semi detached, 3.1% for townhouses, and 9.5% for condos. The same report described lender appraisals coming in well below agreed sale prices in some cases, and refinancers finding less equity than they expected after buying in the boom years.
For you, that means two things. A purchase price or last year's estimate is not a safe stand in for today's value. And having a current, well supported appraisal in hand, before you sign, list, or apply, can protect you from a nasty surprise. If you own a condo, read why small condo units are losing value in Toronto's 2026 market.
Sep 2026 Sales
5,040
Down 9% year over year
Benchmark Price
‑4.7%
Year over year change
Average Selling Price
$1,006,409
Down from $1,060,036 a year prior
Avg Price Change by Property Type
Source: TRREB via Canadian Mortgage Professional, July 2026. All figures are averages.
Our Residential Appraisal Services
01
Pre-Purchase Appraisals
Before you waive conditions or make an offer, an independent value tells you whether the price is supported. This can save you from overpaying, or give you leverage to negotiate. Read the power of a pre-purchase appraisal and how it can save you money in Toronto.
02
Pre-Sale Appraisals
Pricing too high leaves a listing sitting. Pricing too low leaves money behind. A supported value helps you list with confidence. See why you should not sell blind.
03
Refinancing Appraisals
Lenders need a current value to decide how much you can borrow, and in Canada a refinance is generally capped at 80% of appraised value. Our refinancing appraisal guide covers what to expect and what to do if the number comes in low. For lender requirements, see how appraisals help secure a mortgage in Toronto.
04
Estate and Probate Appraisals
Executors often need the value of a home on the date of death. See when a probate appraisal is required, estate appraisals for executors, and our tax and estate purposes service.
05
Capital Gains and CRA Appraisals
Selling a second property, changing a property's use, or transferring property to family can trigger tax reporting. We prepare reports for capital gains purposes, and explain fair market value for CRA purposes and family property transfers.
06
Divorce and Separation Appraisals
A neutral, defensible value helps both sides settle fairly. See how appraisals are used in divorce proceedings and our litigation and matrimonial appraisals.
07
Retrospective Appraisals
Need a value as of a past date, such as a sale, death, or change in use? See retrospective appraisals in Toronto.
08
Insurance Replacement Cost
Market value and rebuild cost are different numbers. See replacement cost appraisals for insurance.
09
Investment Properties
Landlords and small investors get supported values for duplexes, triplexes, and rentals. See appraisals for investors and how appraisers value multi-unit properties.
Not sure which service fits your situation? We respond within one business day with a clear recommendation and a firm quote.
Get a QuoteWhat an Appraiser Actually Looks At
An appraiser does not just walk through and name a number. The value comes from a structured comparison. Here is what drives it.
01
Location and Neighbourhood
Two houses on the same street can differ because of a busy corner, a ravine lot, or proximity to transit. Our post on the value of location explains why.
02
Size, Layout, and Condition
Living area, number of bedrooms and bathrooms, basement finish, and the state of the roof, kitchen, and systems all matter. Read more about what is considered during a home appraisal.
03
Recent Comparable Sales
The appraiser finds similar properties that sold nearby and adjusts for differences. See how appraisers determine market value and the three approaches to value.
04
Renovations and Upgrades
Not every improvement adds its full cost back. Learn how renovations affect property value and which home renovations increase value in Toronto.
05
Zoning and Land Use
Permitted uses and development potential can add or limit value. See how zoning and land use shape property value, and garden suites, laneway suites, and multiplex potential.
06
Hidden Factors
Age of the home, mechanical systems, and unusual features can change value in ways owners overlook. See hidden factors that affect property value, how a home's age influences its value, and how a new HVAC system affects value.
Every factor above is weighed against what actually sold nearby. A supported appraisal is not a guess — it is a documented, defensible opinion prepared by an AACI designated appraiser under CUSPAP standards.
Houses, Condos, and Townhouses: What Is Different
Freehold
Detached and Semi Detached Homes
Valued mainly on land, location, and the building's size and condition. Lot size and zoning can matter as much as the house itself.
Condominium
Condos
Valued on the unit and the building together. Parking, locker, floor, view, maintenance fees, and the health of the condo corporation all matter. See what a status certificate means for value, how amenities create hidden equity, and the pre-construction condo appraisal gap.
New Construction
Newly Built Homes
Newly built homes have their own risks. Read why an independent appraisal is critical when buying a newly built home.
How the Process Works and How Long It Takes
Request a Quote
Tell us the address and purpose. We respond within one business day.
Confirm Details
We confirm the property, purpose of the report, and your timeline.
Property Visit
The appraiser visits, measures, photographs, and records condition and features.
Report Delivered
We research comparables and deliver the report — typically within 2 business days after the visit.
Curious whether an inspection is always needed? See does an appraisal require an inspection.
To Help Your Appraisal Go Smoothly
- Make sure the appraiser can access every part of the home, including the basement.
- List upgrades from the last few years with approximate dates and costs.
- Have your floor plan or survey ready if you have one.
- For condos, note parking, locker, and any special features.
Areas We Serve
We appraise residential properties across Toronto and the GTA, including North York, Scarborough, Etobicoke, Vaughan, Mississauga, and Markham. Neighbourhood differences are real, so our appraisers use nearby comparable sales and not citywide averages.
What Does a Residential Appraisal Cost?
Fees depend on the property type, size, and the purpose of the report. Tell us the address and what you need it for, and we provide a clear quote within one business day, with no obligation.
Get a QuoteWhy Choose Seven Appraisal Inc.
Five things clients tell us matter when they are choosing an appraiser for a decision that carries real weight.
01
Qualified Appraisers
Our reports are prepared by AACI designated appraisers who follow CUSPAP standards. Read who can legally appraise property in Ontario.
02
Local Focus
We work in the Toronto and GTA market every day, and our office is on Yonge Street in North York.
03
Fast, Clear Communication
Residential reports typically arrive in about 2 business days, and clients often tell us what they value most is a straight answer and quick replies.
04
Reports That Hold Up
Our reports are written so lenders, lawyers, and tax authorities can follow the reasoning. Curious why two appraisals can differ? See why two appraisals can show different values.
05
A Full Range of Services
If your needs extend to a commercial or investment property, see our commercial property appraisal page.
Frequently Asked Questions
The questions clients ask us most before ordering a residential appraisal in Toronto and the GTA.
What is a residential appraisal?
A residential appraisal is a written opinion of the market value of a house, condo, or townhouse, prepared by a qualified appraiser after inspecting the property and analyzing comparable sales. Lenders, courts, and tax authorities rely on it because the method is standardized.
How much does a home appraisal cost in Toronto?
The fee depends on the type and size of the property and the purpose of the report. Seven Appraisal Inc. provides a clear quote within one business day.
How long does a residential appraisal take?
Seven Appraisal Inc. typically delivers residential reports in about 2 business days after the visit.
Is an appraisal the same as a realtor's opinion or an online estimate?
No. A realtor suggests a listing price, and an online estimate is an algorithm. An appraisal is a signed, certified report based on an in person inspection and real sales data.
Do I need an appraisal to refinance?
Usually, yes. Lenders need a current value, and refinances are generally capped at 80% of appraised value. Read our refinancing appraisal guide.
What if my appraisal comes in lower than the sale price?
It can happen in a softer market. Review the report for factual errors, share comparable sales and documented upgrades, and talk to your lender or broker about options. A pre purchase appraisal can help you see it coming.
Can I order my own appraisal?
Yes, for planning, negotiation, estate, tax, or legal purposes. If a lender requires one for financing, check with them first about which appraisers they accept.
Do appraisers visit condos too?
Yes. Condo appraisals include the unit, parking, locker, and building factors.
Do you appraise homes after a death or for past dates?
Yes. We prepare probate appraisals and retrospective appraisals for date of death and other past valuation dates.
Which areas do you serve?
Toronto and the GTA, including North York, Scarborough, Etobicoke, Vaughan, Mississauga, and Markham.
Have a question not listed here? Call or fill in the form and we will get back to you within one business day.
Contact UsGet Your Home Appraisal Quote Today
Tell us about your home and what the appraisal is for. We reply within one business day with a clear fee quote and timeline anywhere in Toronto and the GTA.
Office
3455 Yonge Street, Toronto, ON
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Our Services
Commercial and Industrial Building
We provide valuations for both commercial and industrial, single and multi-use property.
Commercial Market Rent
We help negotiate lease agreements between owners, tenants, and landlords.
New Construction and Progress Report
We provide potential market value of your property once constructed or renovated.
Current Market Valuation
An appraisal report estimating your property’s current value for various use cases.