Newsflash: Do major banks always perform an appraisal before going ahead with a mortgage? [CAD]

It was mentioned we needed to schedule an appraisal by one major bank we were speaking to, but the other competition, who we ended up going with, never mentioned an appraisal.I see appraisals mentioned A LOT in this sub, but I know it’s heavily American based. But we never spoke once about it other than that one bank, that one time after going through the approval process.I’m nervous to mention it as we’re a week away from closing, but should I be mentioning it for our own sake, or is it only for the banks benefit?

Read more at https://www.reddit.com/r/RealEstate/comments/avvi29/do_major_banks_always_perform_an_appraisal_before/?utm_source=ifttt

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