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Condos getting smaller, detached homes getting bigger

In our most recent property insights news release, MPAC reported that condominiums are 35% smaller on average than they were 25 years ago, while the average detached home is 25% larger. 

In the mid-1990s, the average condominium in Ontario peaked at approximately 1,100 sq. ft. Our most recent data shows the average condo today is about 700 sq. ft. 


In markets where land is relatively affordable, larger family detached homes are being developed. For example, single-family detached homes were approximately 2,000 sq. ft. in the mid-90s, and today, a typical single-family home is around 2,500 sq. ft.

     

Year-end preparations underway


We have nearly completed our work to capture new assessment for the 2023 roll and are pleased to share that we have added more than $37 billion in new assessment province-wide.


Our focus will now shift to preparing for year-end municipal products and the distribution of more than 800,000 Property Assessment Notices that reflect changes to property ownership, classification or value across Ontario this year.


Notices will be mailed from November 14 to 23. Each notice indicates why the property owner is receiving it and includes an insert to help them better understand their notice and assessed value. The insert also includes a QR code that links to mpac.ca for more information.


To support property owners, we ask that you direct anyone with questions about their Property Assessment Notice to mpac.ca/PAN.


Here is a summary of activities and key dates through the rest of 2022:


October 28

MPAC Deliverables: Preliminary 2023 New Assessment Forecast posted to My Products

Municipal Audience: Municipal Administrators


November 7

MPAC Deliverables: Final 2022 Control Totals

Municipal Audience: Municipal Administrators


November 14-23

MPAC Deliverables: More than 800,000 Property Assessment Notices mailed

Municipal Audience: For more details, please check your local delivery schedule on the My Products Portal of Municipal Connect

 

Week of November 28

MPAC Deliverables: Municipal Change Profile (MCP) available in the My Products Portal of Municipal Connect

Municipal Audience: Municipal Administrators

 

Week of November 28

MPAC Deliverables: Year-end Tax File posted to My Products

Municipal Audience: Municipal Administrators

 

Week of December 5

MPAC Deliverables: Municipal Connect available for the 2023 Tax Year

Municipal Audience: Municipal Administrators

 

Week of December 12

MPAC Deliverables: 2023 Municipal Levy letter mailed

Municipal Audience: Municipal Administrators for all MPAC Billing Partners (single- and upper-tier municipalities)

 

Week of December 12

MPAC Deliverables: 2022 Municipal Partnerships Report and Municipal Assessment Change Summary

Municipal Audience: Municipal Administrators

 

On/before December 13

MPAC Deliverables: Assessment Roll for 2023 taxation delivered

Municipal Audience: Municipal Administrators / Taxing Authorities

 

Week of December 19

MPAC Deliverables: First Quarter 2023 Levy invoice mailed

Municipal Audience: Municipal Administrators for all Billing Partners

Elimination of new construction property classes for business properties, effective January 1, 2023

The Province has amended Ontario Regulation 400/98 (under the Education Act) with O. Reg. 12/22. This amendment will eliminate the new construction property classes for business properties for the 2023 taxation year and subsequent years.

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Connecting at CAO and Building Officials Conferences

Members of our Municipal and Stakeholder Relations team were pleased to connect with municipal CAOs at the Ontario Municipal Administrator’s Association (OMAA) Conference from October 12 to 14 in London.  


We also attended the Ontario Building Officials Association Conference in Hamilton from October 2 to 5. At this conference, Jason Hagan, Regional Manager, Municipal and Stakeholder Relations, and Jon Hebden, Account Manager, presented an update about MPAC’s role in the property assessment and tax system and current areas of focus related to building permitting.  

     

MPAC returns to the 2022 International Plowing Match

After a three-year pause, MPAC was excited to return as an exhibitor at this year’s International Plowing Match & Rural Expo in Kemptville. Attracting over 67,000 visitors from across the province and beyond, it was an excellent opportunity to meet with property owners to share information about how we value farm properties and answer their questions.


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Submit your voter list revisions by November 24, 2022

The October 24 municipal and school board elections marked MPAC's final delivery of a province-wide Preliminary List of Electors (PLE). As we reach this milestone, we want to thank municipal clerks across Ontario for their hard work preparing for and administering the election process.  Please be reminded to submit all voter list revisions to MPAC by November 24, 2022, for future elections.


MPAC will continue to provide a PLE for any by-elections in 2023 and is working to implement legislated changes that will transfer responsibility for enumeration products to Elections Ontario as of
 January 1, 2024.

     

In case you missed it – MPAC 101: Our role in the property tax and assessment system

On October 27, MPAC hosted a webinar that provided an overview of Ontario’s property assessment and taxation system, including MPAC’s role, the three approaches to valuation, and how assessment concerns are resolved. We were also joined by a representative from the Ministry of Finance who explored the relationship between property values and taxes as well as programs and tools for managing reassessment changes.


View recordings of all past webinars on  mpac.ca or on our YouTube Channel.

     

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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