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The current values are based on a January 1, 2016 valuation date. Due to the COVID-19 pandemic, the Ontario government postponed the 2020 Assessment Update. 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.
The federal government sold the land to O&Y for a dollar and signed an agreement to lease the final building for a set rate until 2012. The eleven-story building was opened in 1978. The building site was once The Embassy Restaurant from 1953 to 1974. [1]
This designation stood until the building was sold. In 2015, Public Works and Government Services Canada requested that the City of Toronto's Heritage Preservation Services assess the property to determine whether it was worthy of designation as an individual property under Part IV, Section 29 of the Ontario Heritage Act. The property was ...
This technique applies market-supported yields (or discount rates) to projected future cash flows (such as annual income figures and typically a lump reversion from the eventual sale of the property) to arrive at a present value indication. In Canada, reversion values typically range from 16x-21x the NOI of year of sale.
The total value of commercial property in the United States was approximately $6 trillion in 2018. [4] The relative strength of the market is measured by the US Commercial Real Estate Index which is composed of eight economic drivers and is calculated weekly.
REIT [1] Traded as (TSX) Profile Major tenants/properties Allied Properties REIT AP.UN: Office Artis AX.UN: Diversified: Artis REIT Residential Tower: Boardwalk REIT
A CIE is the commercial real estate equivalent of the residential Multiple Listing Service. [2] [3] CIEs help commercial real estate professionals (brokers, property owners, developers, investors, tenants, etc.) share information about commercial property, recent sale or lease transactions, market statistics, and contacts. [4]
Destroyed by fire, 1834; now site of Château Frontenac: Chateau de Ramezay [2] Lieutenant Governor of Lower Canada and Governor General of British North America (c. 1834) Montreal: Now a museum. Government House: Lieutenant Governor of Upper Canada (1800–1813) York: Destroyed by explosion, 1813. Site is located with current day Fort York ...