Canadian Housing Statistics Program (CHSP)

Residential properties assessment value of property owner, category

Residential properties assessment value refers to the assessment value of an owner's properties, whether occupied by the owner or not. It is important to note that the assessment value does not necessarily represent the market value. Given that different provinces and territories have their own assessment periods and durations of the valuation roll, it is difficult to make accurate comparisons of similar properties from one province or territory to another. For properties that are being utilized for both residential and non-residential purposes, only the residential portion's value has been taken into account.

Property owner refers to a person or an entity included in the classification of 'business and government' (such as corporations, governments, sole proprietorships and partnerships, and other legal types) that has property title transferred to, recorded in, registered in, or otherwise carried in their name.
A property may have more than one owner or an owner may have more than one property, therefore the count of owners and properties can differ.

The data for this variable are reported using the following classifications and/or lists:

• Assessment value of properties that belong to the same owner