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Power of Sale is the most common remedy available to lenders in Ontario when a mortgage is in default. The power of sale process gives the mortgagee (the lender) the legal authority to evict the homeowner and sell the property to recover the outstanding mortgage debt, interest and expenses. The homeowner retains the right to any profit remaining from the sale after the outstanding debt has been recovered along with the expenses and fees associated with the sale. Because the homeowner retains this right, the lender has a legal obligation to sell the property at market value.

Lenders proceeding with a power of sale should obtain an appraisal to support the sale price. Two appraisals, from different appraisal firms, are preferable in order to demonstrate that the lender is fulfilling their obligation to sell the property at market value. Power of sale appraisals are met with a higher level of scrutiny and require more due diligence than a traditional appraisal. A high quality, detailed and professional appraisal report with an accurate assessment of the value, condition and marketability of the property is of utmost importance. Hiring an independent and unbiased professional appraiser is the best way to protect the interest of all parties involved.

Apex Appraisal is a trusted appraisal provider for power of sale appraisals. We understand the exposure to risk that lenders face in this scenario and ensure that they have the information and supporting documentation they need. Our thorough inspections and detailed reports provide a clear assessment of the property condition, including identification and photographs of any outstanding repairs or deferred maintenance. We make sure that our clients see what we see.

Reports are typically 25-30 pages in length and clearly communicate all the relevant information, along with a thorough explanation of the valuation analysis and conclusion. Power of sale appraisals are completed by a fully designated member of the Appraisal Institute of Canada (AIC). We are fully insured with Professional Liability Insurance (errors and omissions) as well as general commercial liability insurance.


We provide only full appraisals for power of sale purposes. We do not provide desktop or drive-by appraisals for power of sales due to the higher risk associated with this type of assignment. We provide power of sale appraisals for residential properties ranging from single family dwellings up to three units only. Reports are completed within two business days of property inspection for most assignments. 


Our service area covers the suburban areas of the east GTA from Scarborough, Markham and Stouffville through the  Durham Region (Pickering, Ajax, Whitby, Brooklin, Oshawa, Courtice, Bowmanville and Newcastle) and into Port Hope, Cobourg and Peterborough. Please feel free to contact us to see if we can provide service in your area.


Our appraisers are highly-trained and experienced professionals who adhere to the highest standards in the field of appraising. We are members of the Appraisal Institute of Canada (AIC), which is guided by a strict Code of Conduct and the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP). 

Our membership in the Appraisal Institute of Canada (AIC) and adherence to CUSPAP ensures that your appraiser will:

  • ​Maintain the highest level of integrity and professionalism;

  • Engage in conduct that will instill confidence and protect the public interest;

  • Provide quality services within their areas of competence; and

  • Commit themselves to principles that reflect high standards of professionalism

Members who have achieved a designation with the AIC are widely respected and sought after by investors, federally and non-federally regulated financial institutions, the courts, all levels of government and the private sector. For many, an AIC designated appraiser is the only appraisal professional of choice. Contact Apex Appraisal today to see how we can help.


We also have a Frequently Asked Questions page but please reach out to us... we know that you probably have questions we haven't covered here. You can also fill out our Contact Form or call us at (905)233-2606.

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