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Change of use appraisals in Toronto and the GTA
Converting your home into a rental property, or a rental into your home, can be treated as a deemed disposition and reacquisition at fair market value. An appraisal sets the value on the date the use changed.
How it works
In some cases an election may let you defer the tax consequences. Your accountant will advise whether an election applies. We provide the fair market value as of the date of the change.
What we provide
- Value on the date the use changed
- A starting point for future capital gains and capital cost allowance
- Principal residence to rental, or rental to principal residence
- A written report for your accountant
What to send us
- The property address and the valuation date you need
- Your accountant’s or lawyer’s name, if they need the report
- Purchase or transfer documents, if you have them
This page is general information, not tax or legal advice. Tax rules change and depend on your situation, so confirm with your accountant or tax lawyer. We provide the property valuation only.
Common questions
Does converting my home to a rental trigger tax?
It can be treated as a deemed disposition at fair market value. Elections may apply in some cases, so confirm with your accountant.
What date should the appraisal be as of?
The date the use actually changed, such as the date the first tenant moved in. Your accountant can confirm.
Areas we serve
We provide this service across Toronto, Peel, York, Halton, Durham and surrounding areas.
City of Toronto
Peel Region
York Region
Halton Region
Durham Region
Surrounding Areas
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Phone: 416-728-1666
Email: Housevalue@iCloud.com