Residential appraisal services throughout the Vancouver Lower Mainland and Central Okanagan

Quick Turnaround Service

Residential appraisal services throughout the Vancouver Lower Mainland and Central Okanagan

At Aedis Appraisals, we know that time is money. A delayed appraisal can cost you, the lender, the deal. We guarantee a quick turnaround service (granting that we are able to access the property).

The minute that your appraisal request is submitted through the website,it is emailed to our dispatch system for immediate attention. The best part of the process is that you, the client, are able to track the progress of your appraisal order. This is done by logging in and viewing the status of your orders. The system will tell you if a message has been left with the applicant, if an appointment has been set, if the property has been inspected and more. This appraisal status is constantly updated online as it changes. If you wish, you can even have emails delivered to you for specifically designated status changes!

Try out our streamlined system. There is no more wondering as to where an appraisal is or when it will be finished - you are kept informed every step of the way.

Need the whole picture about a particular condominium development?


Visit our sister company, Condo Advice, exclusively for lenders. Our detailed information reports will advise you about many particulars in any lower mainland strata project including: number of units, project age, rental penetration, history of past and current problems, analysis of design and condition, pictures, financial outlook and more! Most importantly, the project will be given an overall risk rating for your lending calculations.

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Our Services

Registered users may logon and track their appraisal orders.
If you are a new user, click "order appraisal" and you will be prompted for your company information so you can set up an account. Once your account is set up you may order and track your appraisals.

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Contact Us

We are located in Downtown Vancouver
1086 Hornby Street
Vancouver, BC
V6Z 1V6
604 682 7585 - office
604 222 4720 - fax

Click here to contact us via email

News & Information

Appraiser Certification:

All appraisals ordered through Aedis are performed by residential appraisers...

Learn more

Appraisals 101:

Watch the informative interview with Ian Watt and Jason Upton explaining what an appraisal is and why you need one...

Watch Video

Market Update 2008:

Look for some good buys in the coming months and don’t panic!

Learn more

 

Appraiser Certification

All appraisals ordered through Aedis are performed by residential appraisers who are members of the Appraisal Institute of Canada. Further, reports are authored or co-signed by an appraiser holding the CRA (Canadian Residential Appraiser) or AACI (Accredited Appraiser Canadian Institute) designation. All appraisers carry up to date liability insurance and have undergone training and certification as per Appraisal Institute of Canada standards.

For more information on the Appraisal Institute of Canada visit aicanada website


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Market Update - December 2008

The British Columbia real estate market has seen a substantive decline this year with prices down a solid 20% since the beginning of 2008. Without question, the worldwide credit crunch and economic downtown have contributed to our already softening market. This confluence of events has caused considerable buyer hesitation in recent months. The buyer reluctance, brought about by a visceral uncertainty as to future real estate price stability and the overall global economy, has created a substantial disparity in the typical supply/demand balance. The result is a distinct lack of available buyers and demand.

Many selling their homes recently have found that the only way to effect a quick sale is to significantly reduce the price, in order to entice these reluctant buyers. As these sale prices occur, they become the new market value standard, which explains why the recent price softening appears to be so drastic, with October and November 2008 being particularly so.

As December 2008 begins, there seems to be a noticeable increase in sales activity. For example, sales volume in the Vancouver West side are numbering 5-15 per day as opposed to recently low levels of that amount per week! While this certainly won’t be enough activity to bring about any increase in market prices, it is most assuredly going to slow or stop their decline. This flattening trend is likely to continue until Spring 2009. At that time, depending on how much inventory is released on the market, prices may continue to be relative level or may further decrease slightly.

Of course, world issues will play a large part in rallying local market demand. In the spring, the US recession will hopefully be drawing to an end, having already surpassed the average, historic, recession length of 10 months. Further, house prices have come now come closer to parity with wage levels (measured in respect to annual increase rate). Due to overheated speculation in 2005-2007, the house prices had markedly surpassed wage levels and had broken the historic and healthy balance.

Overall, this 20% +/- price drop in real estate values is a healthy and necessary economic correction to an overheated, highly speculative and over leveraged real estate marketplace. Due to the sweeping reduction in world credit, tightening of lender protocols and buyer uncertainty, this drop was inevitable. Real estate, however, continues to be solid, tangible asset whose intrinsic value will certainly navigate through these changing times, particularly in British Columbia.

Jason Upton
President
Aedis Appraisals


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