Coast Appraisals

Coast Appraisals With deep roots on Vancouver Island, we are the leading local property appraisal firm. In 2004, Coast Appraisals became an independent appraisal firm.

Our longstanding history serving Vancouver Island began in 1979, operating as an in house appraisal subsidiary of Westcoast Savings Credit Union (now known as Coast Capital Savings). Today, Coast Appraisals has grown to become the largest residential appraisal firm based on Vancouver Island, driven by a passionate team of expert appraisers who love where they live, work and play – right here on th

e Coast. Committed to making the appraisal process easier, we pride ourselves on delivering detailed, accurate valuation reports, paired with the fastest, most reliable turn-around times in the region.

✨ Big News! We’re now proudly serving the Lower Mainland! ✨ We’re excited to share that Coast Appraisals has expanded ou...
09/10/2025

✨ Big News! We’re now proudly serving the Lower Mainland! ✨

We’re excited to share that Coast Appraisals has expanded our services to the Lower Mainland. Whether you’re a homeowner, realtor, or lender, you can now order appraisals online with ease.

📲 Simply place your order through our website, or if you have any questions at all, our team is just an email away at [email protected].

We look forward to bringing our trusted appraisal expertise to even more communities!

Let me know whatcha think! 😊

When buying property, it’s not just about what’s there now—it’s about what’s coming next! City planning and neighborhood...
07/02/2025

When buying property, it’s not just about what’s there now—it’s about what’s coming next! City planning and neighborhood development can significantly impact property values over time.

🔍 What to Watch For:

Zoning Changes – Increased density or rezoning can boost land value.
Infrastructure Projects – New transit, roads, or amenities often drive demand.
Community Growth – Schools, parks, and businesses shape long-term desirability.

Thinking long-term? 🏡 An appraisal can help you assess a property’s future potential. Let’s chat!

Are Rising Material Costs Impacting Your Property Value?With rising building material costs making headlines, many homeo...
06/28/2025

Are Rising Material Costs Impacting Your Property Value?

With rising building material costs making headlines, many homeowners are wondering if their property values are going up as a result.

Here’s the real story:

🔨 Increased construction costs can affect replacement value, but your home’s market value is still based on what buyers are actually paying for comparable properties.

📉 In some areas, higher costs are delaying new builds—limiting supply, which can lead to higher demand for existing homes.

Bottom line? Material costs do influence the market—but they’re just one of many factors we consider when determining your home’s current value.

Old doesn’t always mean less valuable—but the age of a home does influence its appraised value.Appraisers look at: 🔧 The...
05/30/2025

Old doesn’t always mean less valuable—but the age of a home does influence its appraised value.

Appraisers look at:
🔧 The condition of key systems (think - roof and windows)
🛠️ Whether it’s been updated or renovated
🏡 Unique heritage or character features

Well-maintained older homes here in Victoria can still have very strong values—especially when charm meets modern functionality!

Acreage properties on the Gulf Islands are truly special—but appraising them requires more than just measuring land.Here...
05/26/2025

Acreage properties on the Gulf Islands are truly special—but appraising them requires more than just measuring land.

Here’s what we look at:
📍 Access (ferry, private road, shared driveways)
💧 Services (septic, well, or other off-grid systems)
🧱 Topography and Shape of site (buildable area)
📜 Zoning restrictions & permitted uses
🏡 Existing structures, condition, and outbuildings

Two 5-acre lots can have very different values depending on these details. If you’re thinking about buying, selling, or refinancing an acreage on the islands, we’ve got the experience to guide you.

In real estate appraisal, “Highest and Best Use” is a key concept that can impact property value significantly.It means ...
05/22/2025

In real estate appraisal, “Highest and Best Use” is a key concept that can impact property value significantly.

It means evaluating the property's zoning, economic and market trends, expectations of surrounding community, financial feasibility and physicial attributes to generate its highest and best use.

For example:
– Could a single-family lot be developed into a 4 unit building?
– Could a vacant lot support a residential with commercial use under current zoning?
– Is there unrealized potential in the current use?

Understanding this helps appraisers assess not just what a property is, but what it could be. Curious about the potential of your property? We’re here to help!

Ever wondered what the difference is between market value and appraised value? It’s a common question, and while they so...
04/16/2025

Ever wondered what the difference is between market value and appraised value? It’s a common question, and while they sound different, they serve the same purpose!

Market / Appraised value is the price a buyer is willing to pay and the seller is willing to accept in an open, competitive market with reasonable amount of days on the market. It can be influenced by demand, competition, and location. This is analyzed together with factors like age/condition, lot size, finish quality, and comparable sales in the area.

Understanding both can help you make informed decisions whether you're buying, selling, or refinancing.

Questions about how these values affect your property? Let’s chat!

If you’ve added a bedroom, bathroom, or extra living space in your basement, you might be surprised that it doesn’t coun...
04/10/2025

If you’ve added a bedroom, bathroom, or extra living space in your basement, you might be surprised that it doesn’t count the same as above-grade space in an appraisal. Here’s why:

❌ Below-Grade Square Footage – Appraisals include livable floor area, which by definition is any above-grade area. Below-grade square footage (basements) are analyzed separately, hence the separation between above and below grade areas.

❌ Market Perception – While finished basements add functionality, buyers often value above-grade space more.

Basements still add value but in a different way. Curious about how your basement impacts your home’s appraisal? Let’s chat!

Address

328 Wale Road #132
Victoria, BC
V9B0J8

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+12503889151

Website

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