The first conversation covers the basics a valuation needs: how many units, whether each one is legally permitted, current rents and what the mortgage, tax and insurance carrying costs actually run, since a lender treats a four-unit building differently than a larger one.
Up to four units, financing still runs largely on comparable sales adjusted for rent. Above that, a lender will normally want a report from an Appraisal Institute of Canada designated appraiser based on stabilized net operating income, and a Saskatchewan lawyer closes either deal through Information Services Corporation.
Joel walks the property before any number is attached to it, so the valuation reflects what is actually built and legally rented rather than a neighbourhood average. Get your hand-reviewed valuation from Joel Dyck.