Appraisal Services
Capital Gains Appraisals in Milton
When you report a capital gain on a Milton property, you often need to establish what the property was worth on a specific date in the past — not today. We prepare retrospective appraisals that give you a documented, independent opinion of that historic value to support your reporting.
Retrospective Fair Market Value
Value as of a specific date in the past
Capital gains reporting frequently turns on the property's fair market value as of a particular past date, rather than what it would sell for now.
That date might be when you acquired the property, when you inherited it, or when its use changed — for example, the day a home you had been living in became a rental. To estimate value as of that date, we research and analyse sales of comparable homes from around that time, not today's market. The result is a clear, dated opinion of value you can keep on file and share with your accountant.
Because Milton's market has moved quickly over the years, the effective date genuinely matters. A retrospective appraisal is built the same careful way as a current one — we simply anchor the analysis to the sales evidence that was available as of the date you need.
Common Situations
When a capital gains appraisal is often needed
A retrospective valuation commonly comes up in a handful of situations. If any of these sound like yours, a dated opinion of value can help support your reporting.
- A change of use — a principal residence converted into a rental property, or a rental converted back into your home.
- Sale of a rental or investment property — where the gain is measured from the value at the time it became a rental or was acquired.
- A second home or cottage — a recreational or secondary property that is not your principal residence.
- A gift or inheritance — property received from a family member or through an estate, where value at the date received is relevant.
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Our Role
An independent opinion of value — not tax advice
We provide an independent, well-supported opinion of your property's value as of the date you need. That is where our work begins and ends.
We do not provide tax advice, and we do not determine how a gain should be calculated or reported. Whether a valuation is required, which date applies, and how the numbers flow through your return are questions for your accountant or for the Canada Revenue Agency. We recommend confirming your reporting requirements with them before or alongside ordering an appraisal, so the report reflects the correct effective date. Once that date is settled, we prepare a clear valuation you and your advisor can rely on.
Related Services
Other valuations we prepare
Capital gains work often overlaps with other reasons for a retrospective appraisal. These may also be relevant to your situation.
Capital Gains Appraisal Questions
Common questions
What date should my capital gains appraisal reflect?
That depends on your situation, and it's a question for your accountant or the CRA rather than for us. Common dates include when you acquired the property, when it was inherited, or when its use changed. Once you've confirmed the correct effective date, let us know and we'll anchor the appraisal to it.
Can you appraise a property as of a past date?
Yes. This is called a retrospective appraisal. We estimate value as of an earlier effective date by researching and analysing sales of comparable properties from around that time, rather than today's market.
I changed my home into a rental — do I need a valuation?
A change of use is one of the situations where people often obtain a value as of the date the use changed. Whether a valuation is required in your case, and how it should be used, is best confirmed with your accountant or the CRA. If you do need one, we can establish the property's value as of that date.
Do you provide tax advice?
No. We provide an independent opinion of value only. We don't calculate gains, decide how they should be reported, or advise on tax. Please confirm your reporting requirements with your accountant or the CRA.
Residential appraisal services are completed through Crownfield Valuation Group Inc. by qualified appraisers with professional appraisal designations that may include CRA, P.App., AACI, P.App., and DAR, as applicable to the assignment.
Need a value as of a past date?
Tell us about the property and the effective date you need, and we'll confirm the scope and provide a quote.