Property Value

Explore how property value is determined in Canadian real estate, what influences it, and how it’s used in buying, selling, and financing decisions.

Property Value

May 30, 2025


What is Property Value?

Property value refers to the estimated monetary worth of a real estate asset based on market conditions, location, features, and comparable sales.

Why Property Value Matters in Real Estate

In Canadian real estate, property value influences buying and selling prices, mortgage lending, taxation, and investment analysis.



Factors affecting property value include:
  • Recent comparable sales (comps)
  • Condition, upgrades, and lot size
  • Local market trends and interest rates
  • School zones, transit access, and amenities



Property value may differ depending on context: assessed value (for taxes), appraised value (for financing), and market value (what a buyer will pay).



Understanding property value helps buyers negotiate, sellers price competitively, and investors evaluate returns.

Example of Property Value

A seller lists their home at $850,000 based on an appraisal and recent comparable sales, reflecting the property’s current market value.

Key Takeaways

  • Reflects what a property is worth.
  • Varies by market, condition, and purpose.
  • Used in lending, pricing, and taxation.
  • Can differ from assessed or appraised values.
  • Key to all real estate decisions.

Related Terms

Additional Terms

Public Realm Improvements

Public realm improvements are enhancements to public spaces such as sidewalks, parks, plazas, and streetscapes, often funded or contributed by. more

Mortgagee in Possession

A mortgagee in possession is a lender who takes control of a property after borrower default, but before foreclosure or power of sale. The lender. more

Lease Surrender Agreement

A lease surrender agreement is a negotiated contract between a landlord and tenant that ends a lease before its scheduled expiration. Terms may. more

Green Infrastructure

Green infrastructure refers to natural or engineered systems that manage stormwater, reduce heat, and improve sustainability in developments.. more

Escrow Holdback

An escrow holdback is a portion of funds withheld at closing and held in escrow until specific conditions are met, such as completion of repairs,. more

Underused Housing Tax

The Underused Housing Tax (UHT) is a federal annual 1% tax on the value of vacant or underused residential property owned by non-resident,. more

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