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In Canada, a home appraisal is an important step in the home buying and selling process. It's a valuation of a property's worth, typically conducted by a professional appraiser who assesses the property's condition, location, and other relevant factors. However, sometimes a home appraisal may come in lower than expected, and this can cause some complications.

When a home doesn't appraise for the expected value, there are several things that can happen. One of the most common outcomes is that the buyer...

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.