MPAC recently connected with industry partners to discuss the challenges of the pandemic in two panel discussions as part of a webinar series co-hosted by the Institute of Municipal Assessors (IMA) and International Property Tax Institute (IPTI).
We are actively reviewing market information and broader economic indicators to determine how events over the last four months have impacted the residential and business markets in Ontario.
“Throughout the year, property information and sales data is collected and analyzed to inform the valuation process and these efforts continue with a greater focus during these uncertain times,” said Greg Martino, Vice President and Chief Valuation & Standards Officer. Even with the postponement of the 2020 Assessment Update, our work continues and appraisal and market specialists are monitoring sales activity, building permits and other published statistics.
Our industry engagement and collaboration are another important part of this work and this fall we will be reaching out to industry stakeholders.
“Earlier this year, we paused our Industry Advisory Group meetings in recognition of our partners’ focus on responding to the pandemic,” said Greg Martino. “Our Industry Advisory Group will meet virtually this fall and we hope to continue our dialogue with stakeholders across the business community through webinars and other opportunities to share insights and collaborate.”
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