What’s the difference between an AACI and a CRA when it comes to Canadian appraisals?
You've sold your house, but your offer is conditional upon an appraisal by the bank. Or you're thinking of buying a commercial property with a storefront and an apartment, and you need financing from an alternative lender, who also wants an official appraisal. What does this mean? Banks and other finance companies want to know that their investment will be safe - that there's sufficient equity in your property to cover them in the event that you default on your…...