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The average selling price of a home in Canada decreased by 3.9% year-over-year to $724,800 in July 2024. [74] Sales of new condo units in the first half of the year fell 57% from the previous year, marking the slowest pace in 27 years in Toronto [ 75 ] and all housing inventory in Vancouver increased by 39% compared to the year prior, rising ...
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.
a reference to find the cited plat map (e.g., a page and/or volume number), and a description of the map's place of official recording (e.g., recorded in the files of the County Engineer ). The legal description of a 2.5-acre (10,000 m 2 ) property under the Lot and Block system may be something like; Lot 5 of Block 2 of the South Subdivision ...
[4]: 69 Any property deemed surplus by the government must be sold to the Canada Lands Company at fair market value, which must then develop, manage, or sell the property. [ 4 ] : 337 In the 2010s, CLC's major projects were the operation and development of the CN Tower and surrounding areas, and the redevelopment of decommissioned Canadian ...
The Canada Geographic Information System (CGIS) was an early geographic information system (GIS) developed for the Government of Canada beginning in the early 1960s. CGIS was used to store geospatial data for the Canada Land Inventory and assisted in the development of regulatory procedures for land-use management and resource monitoring in Canada.
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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.