Part II: Understanding and Determining Fair Market Value in Canadian Appraisals
International Society of Appraisers
MAY 13, 2025
Comparables must be credible, relevant, and adjusted for differences in quality, condition, scale and provenance. While the original purchase or recent sale price could support FMV, this is only valid if the transaction occurred close to the effective date, at arm’s length, and under typical market conditions.
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