Fair share: Profit has increased significantly due to improved operational efficiency

The Real Estate Appraisal industry in Canada is expected to grow tepidly over the five years to 2019. A booming housing market and vastly improved economy overshadowed collapsing commodity prices that occurred during the five-year period. Declining corporate profit, primarily as a result of falling oil prices, has driven the contraction of nonresidential construction activities. Therefore, falling capital investment in mining and oil and gas extraction industries over the past five years have hampered one of the industry's major markets. Over the five years to 2024, the industry is expected to grow faster...read more.

Industry Statistics & Market Size
Revenue
$653m
Annual Growth 14-19
1.1%
Forecast Growth 19-24
Profit
Employment
3,172
Businesses
2,588
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The housing market will cool due to rising interest rates and new mortgage regulations
  • The industry has benefited from increasing property investment from pension funds
  • Nonresidential construction will rise as investment from major markets grows
  • Industry Report - Starting a New Business Chapter

    There are few preventive barriers to entry for prospective operators in the Real Estate Appraisal industry in Canada. New appraisers are required to acquire state licensing and become a candidate member of the Canadian National Association of Real Estate Appraisers, which requires individuals to be at least 18 years of age, own a high school diploma and have no criminal record. Candidates are then able to complete designated appraiser residential (DAR) requirements, which includes 3,000 hours of full-time appraisal experience under the training of a qualified supervisor for at least two years, in addition to completion of 300 hours of classroom education and a final examination. Fol...purchase to read more.

    Additional Insights for the Real Estate Appraisal Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Real Estate Appraisal Industry are

  • Access to highly skilled workforce
  • Upstream vertical integration
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Value of residential construction and Housing starts in the Real Estate Appraisal industry impact industry performance..

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    What's in this report

    What is the Real Estate Appraisal Industry?

    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.

    Industry Products
  • Commercial appraisal services
  • Residential appraisal services
  • Consulting services & other
  • Appraisal management services
  • Industry Activities
  • Commercial appraisal services
  • Residential appraisal services
  • Consulting services
  • Appraisal management services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of residential construction
  • Housing starts
  • Consumer Confidence Index
  • GDP of Canada
  • Overnight rate

  • Current Performance
  • Real estate markets
  • Pension market growth
  • Strong profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Nonresidential construction
  • Consumer willingness to pay
  • Industry structure and profit
  • Table: Real Estate Appraisal Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Real Estate Appraisal Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction In Canada
  • Finance and Insurance In Canada
  • Commercial Leasing in Canada
  • Property Management in Canada
  • Law Firms in Canada
  • Consumers in Canada

  • Key Selling Industries
  • Database & Directory Publishing in Canada
  • Environmental Consulting in Canada
  • Real Estate Asset Management & Consulting in Canada
  • Software Publishing in Canada

  • Products & Services
  • Residential appraisal services
  • Commercial appraisal services
  • Appraisal management services
  • Consulting services & other
  • Chart: Real Estate Appraisal Industry Products and Services Segmentation

  • Demand Determinants
  • Income and investment
  • Interest rates
  • Government regulation and investment

  • Major Markets
  • Corporations and financial entities
  • Other
  • Individuals
  • Public sector
  • Chart: Major Market Segmentation for the Real Estate Appraisal Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Real Estate Appraisal

  • Basis of Competition
    External competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Real Estate Appraisal Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Real Estate Appraisal Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Real Estate Appraisal Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • Housing starts (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Fair Market Value
  • The appraiser's opinion of value as written in an appraisal report.
  • Household Formation
  • The creation of new households, regardless of the number of residents.
  • Valuation
  • The determination of the economic value of an asset.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Real Estate Appraisal market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Real Estate Appraisal:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Real Estate Appraisal market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Real Estate Appraisal, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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