How long is an appraisal good for?
Many Canadian lenders accept an appraisal for around 90 days, though some allow 60 and others 120 or more. Once it is outside the lender’s window, they may ask for an update rather than a brand new report.
Appraisal update vs recertification of value
An update reconsiders the market since the original report and gives a value as of a new date, often with a fresh exterior look at the property. A recertification of value confirms that the original value still holds, or that conditions in the original report, such as finishing construction, have been met. The original effective date stays.
When a new appraisal is needed instead
If the market has moved a lot, the property has changed, or the lender requires a fresh report, a new appraisal is the right choice. The original appraiser and the lender’s policy decide whether an update is possible.
Order an appraisal update through AppraisalDesk
Upload the original report and tell us the lender’s requirements. Updates are normally done by the original appraiser, and we coordinate with them where possible.
- See the price before you place the order
- Your order is assigned to a qualified local appraiser
- Real-time updates by text and email, and online order tracking
- The borrower can pay online by secure link
- Download the report online and message the appraiser
Frequently asked questions
How long is a home appraisal valid in Canada?
Many lenders accept an appraisal for about 90 days, but each lender sets its own window. Ask your broker or lender.
Does an appraisal update cost less than a new appraisal?
Usually, because the appraiser builds on the original report. You see the price before you order.
Can a different appraiser update my appraisal?
An update is normally done by the appraiser who wrote the original report. If they are not available, a new appraisal may be needed.
What is a recertification of value?
It confirms that the original value still holds, or that conditions in the report, such as completing construction, have been met. The effective date does not change.