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Have you ever wondered how much your property’s value has changed since you purchased it? Home appraisals can play a big role. Let’s break down the appraisal process—what it means, when it happens, and other important factors you need to know.

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What is a home appraisal?

An appraisal is an process to determine how much money a property is worth. It sounds simple in theory, but a lot goes into determining the appraised value of a piece of real estate. 

Valid appraisals must be conducted by a licensed appraiser—a third-party professional who’s  unbiased towards the sale. Appraisers are required to hold a license in New Brunswick and Nova Scotia, but other provinces may have different requirements. Typically, they’re ordered by…

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