How Much Does a Home Appraisal Cost in Ontario — 2025 Update

Introduction: Why Costs Matter in 2025

Are you refinancing, selling, or purchasing a home? A home appraisal is probably required. But how much is it going to cost?

But here’s the question: How much does it cost? Appraisal costs in 2025 will not be the same throughout Canada. They differ by province, type of property, and depending on whether you go traditional (with an in-person appraiser) or digital (using such as Homeappraised).

Home Appraisal Cost in Canada

On average, the price of a regular residential house appraisal in Canada ranges from $350 to $700 CAD. Some factors influence this price:

• Location
• Property size/complexity
• Turnaround

With Homeappraised, Canadians avoid lag times and appraiser visits by submitting photos online and receiving instant appraisal reports — they’re a free, online, and hassle-free method compared to any other traditional appraisals.

The Cost of a Home Appraisal in Ontario

If you’re here in Ontario, it’s around $400 – $600 CAD. Banks usually require an appraisal to , whether for a purchase, , or home equity loan. Costs can be higher if the property is unique (heritage homes, custom builds, or multi-unit rentals).

*Online appraisal reports save the homeowners and lenders time and money.

Why Does the Price Go Up?

Not every appraisal is equal. Costs rise due to:

• Complex homes
• Short notice
• Market demand

Stat: The Appraisal Institute of Canada estimated in 2025 that urban centers accounted for almost 40% of appraisals, which cost more than $500 from high demand.

Why Invest in a Professional Appraisal?

Feels like “just another fee,” but it’s critically important because:

• Sellers can use the list with confidence knowing that their asking price is realistic.
• Buyers avoid overpaying for property.
• And digital alternatives like Homeappraised offer you that same professional-level accuracy without any of the wait time for in-person visits.

September 2025 Updates on Home Appraisals in Canada

• Online appraisals
• Trust matters
• What lenders accept
• Costs are steady

Testimonial:

A Toronto homeowner used Homeappraised before refinancing in July 2025. Rather than waiting 10 days for a traditional appraisal, she uploaded 15 and received her free online appraisal report in under 48 hours.

FAQs

Q: Can I get a free home appraisal in Canada? 

A: Some real estate agents offer market estimates for free, but lenders demand a formal appraisal. Services like Homeappraised.com offer next-day appraisals that are free of cost and fast.

Q: Are online appraisals actually accurate?

A: Yes, Homeappraised offers accurate reports. You upload high-quality photos, a licensed appraiser gets the data, and values your home for free. You do not need to worry about approvals or accuracy; we handle it all for you. 

A: Online appraisals in Canada can be highly accurate for conventional homes, particularly in cities where recent sales and property records are readily available. They are dependent on photo quality. For one-off or complex properties, a traditional in-person appraisal may still be necessary, which is why lenders weigh the two methods. The benefit of a service like Homeappraised is that it provides quick and accurate online appraisals.

Want to learn about what your home is worth right now without waiting? You can upload your images now on Homeappraised app and receive your appraisal.

Disclaimer

This post is a general overview of the cost of Canadian appraisals as of September 2025. Always verify with your lender.

About the author

Written by — Homeappraised TeamHomeappraised is a team of appraisal experts. We produce data-driven, lender-grade online appraisals reports that allow Canadians to upload high-quality photos and receive a quick, defensible property valuation — all without having to schedule face-to-face visits. 

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