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Ontario sees strong growth in 2022 with new property construction and renovations worth over $37.8 billion | |
On December 13, 2022, we delivered the 2022 assessment roll to municipalities across Ontario and shared insights on how Ontario’s property landscape changed this year.
Ontario’s property inventory continued to grow in 2022 with more than $37.8 billion in new assessment, which includes new construction and
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improvements to existing properties. Residential homes made up over $28.6 billion of the increase, while commercial and industrial properties comprised $4.6 billion. The assessed value of Ontario’s 5.5 million properties is now estimated to be more than $3.08 trillion. Over the course of the year, Ontario added more than 48,000 residential homes, with new detached homes increasing 10.5% while the number of new residential condominiums dropped by 37.4%. There was also a small increase in new townhouses of 1.3%. Across Ontario, more than 55% of new property value was located in 10 municipalities. Toronto led the way for another year at $8.7 billion, followed by Ottawa at $4.4 billion. Mississauga, Vaughan and Oakville rounded out the top five. When looking at the growth rates for municipalities with populations under 15,000, Blue Mountains had the largest overall growth this year at $140.2 million, despite a drop in new seasonal properties from the previous year. Muskoka Lakes followed with $120.3 million, and Middlesex Centre, North Perth and Carleton Place trailed closely behind. For more details, read the full story and check out our 2022 Roll Return Fact Sheet. | | | | | | | | 2022 Municipal Partnerships Report now available!
| | Last week, we shared our 2022 Municipal Partnership Report with municipalities. The report highlights how we worked together to add more than $37.8 billion to assessment rolls across the province while providing property insights and services that municipalities rely on to build thriving communities. VIEW THE REPORT.
| | | | | | MPAC recognized as a Top Employer for the fourth consecutive year | | With headquarters in the Durham Region, we are proud to be named one of Greater Toronto’s Top Employers for the fourth year in a row!
While MPAC was recognized based on several criteria, we are celebrating how an emphasis on Equity, Diversity, Inclusion and Anti-Racism, flexible work, employee mental health and wellness,
| | | | employee-led corporate social responsibility initiatives, and strong communication with employees in 2022 have made our organization an outstanding place to work. LEARN MORE. | | | | | |
In case you missed it: MPAC's Legislated Notices – PRANs, ANAs, TIAs, SANs and PANs – what are they, and why do we need them?
Earlier this month, we were joined by MPAC’s subject matter expert Erin Jennings, Manager of Assessment and Taxation Mitigation, Operational Quality Management, for an overview of MPAC's legislated notices. Erin discussed what the legislated notices are for, when they are used, how to access them and how they can affect the work you do.
| | | | | | | | | | Exploring the life of a severance with Perth County | |
What is a SCIF, how is it created, and what is MPAC’s role in the initiation of a severance or a consolidation? These are questions we hear all the time. Recently, MPAC had the opportunity to meet with Perth County to answer some of their questions about land parcelization.
Jeremy Gough, Account Manager, Municipal and
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Stakeholder Relations, joined members of MPAC’s Centralized Processing Facility team to provide an overview to County staff on MPAC’s role in the land severance/consolidation process – from the moment we are notified that a severance or consolidation has been registered to roll completion.
Following the success of this session, MPAC was invited to provide insight during a county-led planning and development process mapping session, where we informed attendees about our commitment to completing severances and consolidations in a timely manner, as outlined in our Service Level Agreement (SLA). The session brought internal and external stakeholders together to review step-by-step processes for consent and minor variance applications, as well as zoning by-law amendments. This mapping exercise will support future municipal education campaigns dedicated to informing developers and property owners about the land parcelization process, with the goal of managing expectations during the application process. “It was great to be at the table to outline our role in the process and create a common understanding of the work we do to support municipal partners,” says Gough. Lori Wolfe, Chief Administrative Officer, Perth County, is proud of the work completed. “This exercise was a perfect example of partnerships in action,” she notes. “Working collaboratively to understand these important processes will lead to efficiency, better service delivery and better results.”
“Each stakeholder contributes to the municipal planning ecosystem and when we better understand each role and process, we can improve our services to each other and the public,” adds Sarah Franklin, Communications Officer, Perth County.
Seeking clarity around severances and consolidations? Reach out to your local Municipal and Stakeholder Relations team to learn more. | | | | | | Best wishes this holiday season We wish you a safe and restful holiday season this year. Please note MPAC will close at noon on Friday, December 23, 2022, and will reopen on Tuesday, January 3, 2023. | | | | | | As COVID-19 continues to impact communities across Ontario, we continue to be available to take your calls and assist you online. Our offices are open to the public by appointment only. To arrange an appointment, please contact us. | | | | | | | | | | | | | | | | |
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