Assessment Matters: Your Provincial Property Perspective

January 2023

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The Hon. Peter Bethlenfalvy visits MPAC head office

On December 14 MPAC was pleased to host the Hon. Peter Bethlenfalvy, Minister of Finance and MPP for the riding of Pickering-Uxbridge, where MPAC’s Head Office is located. This was a great opportunity for the Minister to meet with our Board and share the government’s plan for moving Ontario forward. MPAC also provided an update on our work and discussed the importance of a solid working relationship between the government and MPAC’s staff and Board.

The Minister was also able to take part in MPAC’s cheque presentation to Feed Ontario. MPAC’ employees raised $41,377 in online donations to benefit Feed Ontario and their work to end hunger and poverty. This support, amounting to more than 124,000 meals, will go a very long way toward helping so many families facing food insecurity throughout Ontario.

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 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 Property Assessment Notices

In November, MPAC mailed more than 770,000 Property Assessment Notices to property owners across Ontario to reflect changes in value, ownership or classification.

As announced in Ontario’s 2021 Fall Economic Statement, property assessments for the 2023 property tax year continue to be based on the fully phased-in January 1, 2016 assessed values.

To help explain how current values are reflective of a January 1, 2016 valuation date, a new information insert has been included with each notice mailed. Inserts also include general information around why we send notices during a non-assessment update year and a QR code linking to for further details.

For more information, you can visit

2022 Municipal Partnerships Report now available! 

Last month, 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 workLearn More.

One Point of Contact for MPPs and Their Staff 

Looking for assistance in responding to a constituent’s concerns regarding their assessment? Perhaps your office would like some information to add to your website or newsletter? Please reach out to our Manager of Government Relations, James Harvey at or at 647-484-1555.

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