What to expect from a career Assessing and Appraising Property
Most people associate appraisals with buying and selling residential and commercial property, but they’re also necessary when buying home and building insurance, getting a mortgage, investing in property and in many other situations. Property assessment and appraisal programs at Ontario colleges provide students with specialized training in property valuation, preparing them for a career in this in-demand field.
If you’re interested in real estate and want to specialize in appraising, here’s what you need to know.
Property Assessment and Appraisal Courses
Ontario college property assessment and appraisal programs provide students with a broad knowledge of the real estate and property industry. Students will learn about the various systems and practices that impact the industry, from construction methods and building codes to municipal property taxation, urban planning techniques and more.
Courses will also emphasize valuation and the many methods of completing and presenting an assessment and property report. Along with building inspection, courses will focus on the following topics:
- Market data
- Financial documents
- Mortgage financing
- Statistical modelling in valuation
Property Assessment and Appraisal Program Requirements
Property assessment and appraisal programs require an Ontario Secondary School Diploma (OSSD) or equivalent, including senior level English and math credits. Programs offered at an accelerated pace will have slightly different requirements, including significant completion of a university or college degree or diploma.
Property Assessment and Appraisal Jobs and Salaries
Graduates of property assessment and appraisal programs at Ontario colleges find careers as property appraisers, tax agents and leasing agents. Although not necessary, appraisers usually specialize in either residential or commercial appraisals.
Opportunities are available in a variety of settings, including (but not limited to):
- Financial institutions
- Real estate firms
- Municipal and other government offices
- Insurance companies
- Corporate and property tax firms
Hourly wages for appraisers and assessors vary, starting as low as $15 an hour and ranging as high as $50 an hour. Wages can be affected by level of experience, the condition of the real estate market and the specific position. Many graduates end up with their own consulting firm and are able to charge higher hourly wages once established.
It’s important to note that appraisers are typically paid hourly and on commission, so yearly earnings may also depend on real estate prices and number of clients.
Ontario Colleges Offering Property Assessment and Appraisal Programs
Use the left-column navigation to refine your search by College, Program Availability, Program Start Date and more, or see the table below for a complete list of property assessment and appraisal programs at Ontario colleges.