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MPAC, formerly known as OPAC (Ontario Property Assessment Corporation), was created on December 31, 1997, as a method to create accurate and equitable assessments across Ontario. MPAC came into existence with the MPAC Act, and it administers the Assessment Act, both part of Ontario provincial legislation. On December 31, 1998, the Government of ...
A unit of real estate or immovable property is limited by a legal boundary (sometimes also referred to as a property line, lot line or bounds). The boundary (in Latin: limes) may appear as a discontinuation in the terrain: a ditch, a bank, a hedge, a wall, or similar, but essentially, a legal boundary is a conceptual entity, a social construct ...
Metes and bounds is a system or method of describing land, real property (in contrast to personal property) or real estate. [1] The system has been used in England for many centuries and is still used there in the definition of general boundaries. The system is also used in the Canadian province of Ontario, [2] and throughout Canada for the ...
Lot and block survey system. A contemporary plat map used in the lot and block system. The lot and block survey system is a method used in the United States and Canada to locate and identify land, particularly for lots in densely populated metropolitan areas, suburban areas and exurbs. It is sometimes referred to as the recorded plat survey ...
Real estate appraisal. Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation.
Established in 1997, the Real Estate Council of Ontario is a not-for-profit corporation that regulates the trade of real estate in Ontario in the public interest. On behalf of the Government of Ontario, it administers and enforces the Real Estate and Business Brokers Act, 2002 and its regulations. In Ontario, any individual or business trading ...
Setback (land use) In land use, a setback is the minimum distance which a building or other structure must be set back from a street or road, a river or other stream, a shore or flood plain, or any other place which is deemed to need protection. [1] Depending on the jurisdiction, other things like fences, landscaping, septic tanks, and various ...
The REALTORS Association of Hamilton-Burlington (RAHB) is the 3rd largest real estate board in Ontario and the 8th largest in Canada, representing over 2900 members [1] in Hamilton, Burlington and surrounding areas. In the community, RAHB is the largest fundraiser to the CHML / Y108 Children's Fund, [2] a founding member of the Home Ownership ...
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