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They indicated that property assessments for the 2022 and 2023 property tax years will continue to be based on the fully phased-on January 1, 2016, current values. In August 2023, the Ontario government announced that it was postponing a provincewide property reassessment as it conducts a new review of the accuracy and fairness of the system.
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.
A "valuer" is an individual or professional who is trained and qualified to determine the value of assets, typically real estate or personal property, for various purposes. Valuers assess the worth or fair market value of these assets based on their knowledge, expertise, and analysis of relevant data.
In real estate business and law, a title search or property title search is the process of examining public records and retrieving documents on the history of a piece of real property to determine and confirm property's legal ownership, and find out what claims or liens are on the property. [1]
The Province of Ontario has 51 first-level administrative divisions, which collectively cover the whole province. With two exceptions, [a] their areas match the 49 census divisions Statistics Canada has for Ontario. The Province has four types of first-level division: single-tier municipalities, regional municipalities, counties, and districts.
Canadian property law, or property law in Canada, is the body of law concerning the rights of individuals over land, objects, and expression within Canada. It encompasses personal property, real property, and intellectual property. The laws vary between local municipal levels, up to provincial and then a countrywide federal level of government.
The Carleton Place and Arnprior CAs were dissolved as they were added to the Ottawa–Gatineau CMA, the Leamington CA was dissolved as it was added to the Windsor CMA, and the Cold Lake and Bay Roberts CAs were dissolved as their urban population decreased below 10,000. 2016 rankings in the chart below are based on 2021 boundaries and exclude ...
There are two categories for designation under the Ontario Heritage Act: Part IV (individual property designation) or Part V (Heritage Conservation District designation). [7] The Ontario Heritage Trust , which is an Ontario Ministry of Tourism and Culture agency, is responsible for protecting any designated properties from drastic change or ...
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