Retrospective Real Estate Appraisals
Accurate valuations set at a specific historical date for tax filings, estate settlement, probate, legal matters, insurance claims, corporate reporting and CRA compliance.
Independent, professionally supported and standards compliant.
A retrospective appraisal determines what a property was worth at a past point in time.
This is required when a legal file, tax filing or estate process needs verification of a historical fair market value.
The appraisal must reflect the exact market conditions and property characteristics as they existed on the valuation date, not today.
Advanced Appraisals provides retrospective valuations based on actual historic comparable sales, archived market data, and verifiable economic conditions.
Every report is accurate, defensible, and aligned with CRA, legal and estate requirements.
Each retrospective appraisal includes:
• confirmed historical valuation date
• comparable sales from the surrounding period
• property condition adjusted to reflect that date
• neighbourhood and market trend commentary specific to that timeframe
• analysis of economic and market conditions
• clear explanation of assumptions used
• standards compliant reporting
• optional supporting documents for accountants and lawyers
Every report is structured for clarity, legal defensibility and audit ready documentation.
WHEN YOU NEED A RETROSPECTIVE APPRAISAL
Corporate and Financial Reporting
• reorganizations needing historic value • corporate asset schedules • book value adjustments during audits Retrospective appraisals require precision because even small errors can affect taxes, equalization or legal outcomes. We ensure the value is correct and properly documented.
We complete retrospective valuations for:
• detached, semi detached and townhomes
• condominiums
• luxury and custom homes
• multi unit residential up to four units
• mixed personal and rental use properties
• estate properties and inherited homes
• homes undergoing renovation at the valuation date
• properties involved in litigation or disputes
We always adjust for actual property condition as of the valuation date, even if major renovations were completed later.
Some retrospective assignments involve additional complexity.
We support:
Partial Use and Mixed Use History
Properties with rental suites, partial business use or phased changes in use.
Multiple Change of Use Events
Homes that shifted between personal and rental multiple times.
Historic Renovations
Properties renovated after the valuation date requiring backward condition analysis.
Disputed Valuation Dates
We help clarify the correct valuation date when documentation is unclear.
Non Arm’s Length Transfers
Family transfers and below market sales requiring proof of true FMV.
Insurance Loss Events
Valuing the property prior to fire, flood or structural failure.
FAQ
How do you determine a property’s condition for a past date?
We use photos, permits, MLS records and client provided information to confirm the property’s state at that time.
What if the home has been renovated since the valuation date?
We adjust the valuation to reflect the condition as of the past date, not the current upgraded condition.
Are historical comparables always available?
Yes. We use archived MLS data, land registry records and verified sales from that period.
Can this appraisal be used for CRA?
Absolutely. Retrospective appraisals are commonly used for capital gains, deemed disposition and change of use filings.
How accurate is a retrospective valuation?
It is as accurate as a current market appraisal because it uses real market data from the specific past period.
Can you complete a valuation if the valuation date is decades old?
Yes. We regularly handle valuations from the 1990s, 2000s and earlier.
