The Real Estate Appraisal industry in Canada has experienced moderate growth over the five years to 2017, supported by a recent rise in demand for housing and growth in home prices. However, conditions are expected to worsen for industry operators over the next five years. Residential markets are expected to experience moderate declines, with the majority of spending focused on multifamily residential construction in metropolitan areas. Government spending is also expected to remain anemic as tax revenue inflows remain somewhat depressed due to sustained government spending focused on healthcare and debt reduction rather than new building. As a result, industry revenue is projected to decline over the five years to 2022.
Operators in this industry specialize in estimating the fair market value of real estate. Appraisers research a property or development to determine the characteristics pertinent to its market value. Valuations for a property are carried out when it is sold, mortgaged, taxed, insured or developed.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.