Real Estate Appraisal in Canada
The Real Estate Appraisal industry in Canada is expected to grow tepidly over the five years to 2019. A booming housing market and vastly improved economy overshadowed collapsing commodity prices that occurred during the five-year period. Declining corporate profit, primarily as a result of falling oil prices, has driven the contraction of nonresidential construction activities. Therefore, falling capital investment in mining and oil and gas extraction industries over the past five years have hampered one of the industry's major markets. Over the five years to 2024, the industry is expected to grow faster. Although the housing market is expected to cool down due to rising interest rates and new mortgage regulations, the nonresidential markets are expected to be an area of growth during the five-year period.
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.
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