Fisgard Approved Appraisers

Below is a list of Fisgard Approved appraisers authorized to value properties. Appraisers are listed by region. Please note that this is not an exhaustive list of all Fisgard-approved appraisers.

Select the Province to locate an appraiser:

Residential Appraisal Requirements

At Fisgard, we work with approved appraisers to ensure consistency and compliance. Appraisals submitted for approval must meet the following requirements:

• • • Appraisals to be ordered by Fisgard or by broker and paid for by applicant
    • Appraisals to include:
      • Colour Photographs of the subject property: front, rear, street view, interior photo of every room, garage interior and interior/exterior of outbuildings (if any)
      • Must reference current potential economic rent(s) of the subject property if tenanted
      • Historic data and/or sales of the subject property, including any known environmental issues
      • Current market trend for the subject property
      • Estimated marketing time for the subject property should the property be listed today based on appraised value, market conditions, supply, and demand
      • Zoning of the subject property: Does it conform?
      • Municipal Property Tax & Assessment Information (if available)
      • For new builds, both the appraised and the comparable sales values are to include GST or HST
      • For properties over 5 acres in size: in addition to the full value, please provide the value based on the primary structure and five acres only
      • Overall condition (ratings) of the subject property
      • Foundation (type, condition) of the subject property
      • Current sales comparison of similar properties (adjustment %)
        • Similar square footage, age of construction, amenities, upgrades and condition
        • Location including distance to the subject property
        • Likeness
      • Marketing time (how long they were on the market) for the comparable properties listed
      • Colour photographs of the comparable properties listed
      • Map showing the locations of the subject property and the comparable properties listed
      • Extraordinary assumptions must be clearly defined so they are easy to read and understand
      • Any negative points that need to be addressed must be clearly pointed out
      • Colour photographs of the comparable properties listed
    • Appraisals must be performed by appraisers with a CRA or AACI designation and send directly to Fisgard from the Appraiser
      • Appraisal reports by an inspector with “Candidate” status must signed by an AIC registered co-signer
      • Appraisals performed by appraisers with a CNAREA designation will not be accepted by Fisgard
    • For Construction Only: Construction inspections are to include market costs with a percentage completed for each line item within the budget as well as the overall percentage completed for the project

Fisgard Commercial Approved Appraisers

Below is a list of Fisgard Approved appraisers authorized to value properties. Appraisers are listed by region. Please note that this is not an exhaustive list of all Fisgard-approved appraisers.

Select the Province to locate an appraiser:

Commercial Appraisal Requirements

At Fisgard, we work with approved appraisers to ensure consistency and compliance. Appraisals submitted for approval must meet the following requirements:

• Appraisals to be ordered by Fisgard or by broker and paid for by applicant
• Appraisals to include:
  • Colour Photographs of the subject property (front, rear, and street view plus interior photo of every room)
  • Building sketch and floor map of property, if available
  • Historic data and/or sales of the subject property, including any known environmental issues
  • Current market trend for the subject property
  • Estimated marketing time for the subject property should the property be listed today based on appraised value, market conditions, supply, and demand
  • Zoning of the subject property: Does it conform?
  • Municipal Property Tax & Assessment information (if available)
  • Highest and best use (as vacant and improved)
  • Overall condition (ratings) of the subject property
  • Remaining economic life
  • Foundation (type, condition) of the subject property
  • Income Approach and Direct Comparison Approach are required
    • Income Approach:
      • Comment on current rents for subject and compare to market rents
      • Provide rent roll (if available)
      • Cap rate used must be defined
      • Obtain expenses from the owner for operating costs
      • Note if lease is gross or net
      • Per Square Foot (PSF) amount used to obtain the base rent amount
    • Direct Comparison Approach:
      • Current sales comparisons of similar properties
      • Similar square footage, age of construction, amenities, upgrades and condition
      • Likeness
      • Marketing time (how long were they on the market?)
      • Colour photographs

• • Map showing the locations of the subject property and the comparable properties listed
  • Extraordinary assumptions must be clearly defined so they are easy to read and understand
  • Any negative points that need to be addressed must be clearly pointed out
  • A current copy of the title of the subject property including the appraiser’s review of the title and comments regarding any restrictive covenants on title
• Appraisals must be performed by appraisers with an AACI designation and sent directly to Fisgard Capital from the Appraiser, NAS or Value Connect
  • Appraisal reports by an inspector with “Candidate” status must signed by an AIC registered co-signer.
  • Appraisals performed by appraisers with a CNAREA designation will not be accepted by Fisgard.