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Real Estate Appraisal in Canada - Industry Market Research Report

Publisher IBISWorld
Published Sep 27, 2023
Length 34 Pages
SKU # IBSS18264266

Description

Real Estate Appraisal in Canada - Industry Market Research Report


Real Estate Appraisal in Canada

Real estate appraisal in Canada has thrived because of a strong housing market and economic growth. Low interest rates amid the pandemic bolstered the residential market and paved the way for a multitude of new housing projects. It also caused many potential home buyers to make the jump since mortgage rates were at historical lows. Even so, this growth did not last long as inflationary concerns constrained the need for appraisals following the pandemic, causing a 4.6% decline in 2023. Overall, real estate appraisal is expected to grow at a CAGR of 2.3% to $928.4 million over the five years to 2023, where profit will reach 22.8%.

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.

Table of Contents

34 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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