Buyer's on the hunt for larger backyards and home offices
Home Buyers on the Hunt for Bigger Backyards & Home Offices
When the country went into lockdown after the COVID-19 pandemic hit in March, many people had to adjust to their new normal of working remotely. Almost overnight, people began working from home, whether that was in a dedicated office space or a temporary set up at a dining room table. This new normal came with its challenges, and now as Canada begins to loosen restrictions and the real estate markets begin to pick up, there seem...
Each component of Ontario's property assessment system plays an important role.
MPAC is responsible for assessing and classifying more than five million properties in Ontario in compliance with the Assessment Act and regulations set by the Government of Ontario.
Municipalities determine revenue requirements, set municipal tax rates and collect property taxes to pay for municipal services. Education tax rates, set by the Ontario Government, may also be applied using the...