Similar properties in the same market area used to establish fair market value or rental rates through comparison of features, location, condition, and recent sale or rental prices. Analyzing comps is essential when determining offer prices and setting competitive rents.
Related Articles
- 3 Home Selling Mistakes That Cost Canadians Thousands
Avoid the costliest home selling mistakes in Canada. FSBO pitfalls, pricing errors, and poor timing that leave thousands of dollars on the table.
- The 70% Rule for House Flipping in Canada
Calculate your maximum purchase price on any flip using the 70% rule. ARV formula, renovation budgeting, and real examples for Canadian house flippers.
- Automated Property Appraisals: When AVMs Help or Hurt
Automated property appraisals (AVMs) are fast and cheap but miss renovation value. When AVMs help and when they cost BRRRR investors money in Canada.
- How to Spot a Money Pit Property Before You Buy
Spot the red flags that turn great deals into financial nightmares. Inspection strategies and due diligence tips Canadian investors use to avoid money pits.
- Warning Signs of a Bad Real Estate Investment (Before You Buy)
Spot red flags before buying investment property: unrealistic projections, deferred maintenance, location issues, and other warning signs.
- Barrie Real Estate: Toronto Spillover at Half the Price
Barrie real estate offers Toronto spillover demand at lower prices. GO Transit access, tenant demographics, and growth fundamentals for investors.
← Mortgage & Real Estate Glossary 2026 · Editorial standards