Ontario’s property inventory up by over $37B in 2022

January 12, 2023 @ 10:04 amListowel Banner, Local News, News

North Perth ranks fourth in all of Ontario for municipalities with highest growth in new assessments with a population under 15,000, climbing from $75 million to $90.9 million in 2022. (Listowel Banner file photo)
NORTH PERTH – The Municipal Property Assessment Corporation (MPAC) recently reported that Ontario’s property inventory grew by more than $37 billion this past year. In 2022, MPAC reported $37.8 billion in new assessment, which includes new construction and additions to existing properties. “MPAC is an independent, not-for-profit corporation funded by all Ontario municipalities, accountable to…
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Melissa Dunphy is a Local Journalism Initiative Reporter with the Listowel Banner. The Local Journalism Initiative is funded by the Government of Canada.