APPRAISAL VS ASSESSMENT VALUE

Alkins Real Estate Ltd., Brokerage

Put simply, appraised value is the amount a professional appraiser determines the actual market value of your property based on recent sale prices of properties in your area and other factors.

Assessed value is a relative measure of value provided by the local government that is used to determine how much your property will be taxed by your local government.

John Alkins

JOHN ALKINS

Broker of Record
CRA, P.APP, FRI

We have earned the designations of CRA and FRI

What is a CRA?

AIC Logo

The Appraisal Institute of Canada (AIC) was founded in 1938. The AIC is the premier real property valuation association in Canada. As a self-regulating professional organization, AIC grants the distinguished Accredited Appraiser Canadian Institute (AACI) and Canadian Residential Appraiser (CRA) designations to individuals across Canada and around the world.

AIC members are highly qualified valuation professionals who undertake a rigorous program of professional studies, examination, and experience before being granted a designation. The Institute also supports the principles of lifelong learning through a mandatory continuing professional development program and requirements to complete their professional practice seminar on a regular basis. This ensures that the members have the most up-to-date education and skills to offer their clients.

The education, experience, and life long learning requirements that AIC has put in place ensure that the real value expert you hire will provide you with the most professional valuation expertise and opinions in the marketplace. Put your trust in the most highly regarded designations in the real property marketplace.

The Appraisal Institute of Canada grants the two most prestigious real property valuation designations in Canada. The Accredited Appraiser Canadian Institute (AACI) and Canadian Residential Appraiser (CRA) designations are the most highly regarded in the marketplace and identify highly qualified individuals who have completed AIC’s rigorous education, experience and examination requirements.

(Canadian Residential Appraiser) designates members qualified in the appraisal and valuation of individual undeveloped residential dwelling sites and dwellings containing not more than four self-contained family housing units.

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