What is an appraisal?
An appraisal is a certified estimate of your property’s value, conducted by a member of the Appraisal Institute of Canada. This recognised document is accepted by the official financial superintendent and is backed by the nation’s leading valuation authority.
What services does Janterra offer?
Janterra specialises in both real estate appraisal and consulting services, offering comprehensive solutions for mortgage financing, estate planning, property acquisition, and expropriation valuation. Our expertise includes partial takings, as well as working and permanent easements for municipalities and public entities.
What types of properties does Janterra appraise?
Janterra provides expert appraisals for all property types, including vacant land, single-family homes, real estate portfolios, and a full range of commercial properties.
What industries does Janterra typically work with?
Janterra primarily serves the mortgage financing industry, working with major banks, schedule 2 lenders, and private lenders. We also collaborate with municipalities on infrastructure projects and expropriation, as well as real estate investment trusts (REITs), institutional investors, and pension fund real estate owners and operators.
Does Janterra provide reports for legal or insurance purposes?
Janterra offers a comprehensive range of legal appraisal services, including matrimonial separation, business partner dissolution, and litigation support.
How does Janterra ensure compliance with industry standards?
All Janterra appraisers are registered members of the Appraisal Institute of Canada and fully certified for all real estate appraisal matters in Canada. Janterra is also one of the few appraisal firms where AACI professionals provide specialised support for residential matters, including litigation.
What is the income approach of an appraisal?
The income approach is a key method for valuing commercial properties, including apartments, office buildings, retail spaces, and industrial properties. This approach determines a property’s net income value relative to its overall worth, resulting in what is known as a capitalization rate (cap rate). A cap rate is a risk-adjusted metric that reflects the relationship between a property’s income and its market value.
Hows does Janterra determine highest and best use?
Janterra determines the highest and best use of a property based on guidelines from the Appraisal Institute of Canada, considering two key scenarios:
As If Vacant – This approach evaluates the property as though it is unimproved, disregarding any existing structures, to determine its optimal use in a vacant state.
As Improved – This approach considers the property’s current state, assessing whether the existing improvements contribute to its highest and best use. In many cases, the value as improved represents the most advantageous use. However, for redevelopment opportunities, the land value may exceed the value of the improved property. Janterra carefully analyzes these factors to identify the most beneficial use of the property.
What type of specialisation appraisals does Janterra offer?
anterra specializes in the valuation of apartments and manufactured home communities across Canada. We also offer expertise in expropriation and infrastructure projects for municipalities throughout the province. Additionally, Janterra provides valuation services for auto dealerships, small commercial properties, redevelopment opportunities such as rental and mixed-use properties along major streets in Toronto, and various other real estate assets.
What is included in Janterra’s consulting services?
Janterra offers a broad range of consulting services, including potential acquisitions, feasibility studies, highest and best use analysis, and strategies to enhance property values through rezoning, plan amendments, condominium development, land development, and other key aspects of real estate projects.
How does Janterra assist with mortgage financing appraisals?
We support underwriters by addressing critical questions related to property analysis and income potential, particularly in relation to debt service coverage. We focus on key factors such as market rents, contract rents, vacancy rates, and building expenses, identifying potential cost savings and highlighting extraordinary costs like property taxes, insurance, or utilities. Additionally, we conduct thorough market analysis, including sales and active listings, to gauge the current state of the market. We also engage with realtors and industry professionals for insights into the future direction of the property type.
What is Janterra’s approach to due diligence for real estate transactions?
Our due diligence focuses on uncovering the true income and expenses of a property in a way that’s easy to understand. We address questions that often go unanswered by taking a straightforward approach to real estate dynamics, including future land value, potential income growth, strategies for repositioning a building, and other improvements that can positively impact the bottom line.
What makes Janterra’s data interpretation unique?
What sets our data interpretation apart is our ongoing conversations with realtors directly involved in property sales. This provides us with valuable insights into the types of owners, sellers, investors, and other key players in the real estate market. We then fine-tune this data to reflect the current market conditions, ensuring it is always aligned with the most up-to-date trends.
How do I get started with Janterra’s services?
You can contact us by phone or email through our website.
What information do I need to provide for an appraisal?
Please provide us with the property address, the reason for the appraisal, and the intended user. Based on this information, we will provide you with a timeline and quotation, along with an overview of what’s involved in the property assessment. If it’s an income property, we will need a rent roll (a list of tenants, lease terms, and rental income) and details on expenses. For more complex properties, feel free to give us a call.
What is the typical timeline for completing an appraisal or consulting project?
On average, the completion time for an appraisal is 10-15 business days, depending on the complexity of the property. This timeline begins once we have received all necessary and accurate information, including access for an inspection. In cases where a more urgent property valuation is required, we can accommodate faster turnaround times using alternative techniques or additional staff.
Can Janterra work with international clients or properties?
Janterra is a member of the Appraisal Institute of Canada and is insured to conduct appraisals within Canada and the United States. For international property owners, we can only complete appraisals if the property owner resides in Canada.