Residential and Non-Residential Property Assessment Values

Summary of changes

Activity on this program started: 2006

Reference period of change - 2009

On November 22, 2013, for use in the Territorial Formula Financing (TFF) only, aggregate estimates of residential property values by territory as well as aggregate non-residential property values (total all provinces and by territory) were released for the first time.

Reference period of change - 2006

The Property Tax Base Project is primarily intended to meet data requirements from Finance Canada for the Federal Equalization Program, in which the property tax base (residential and non-residential combined) is one of the important components. These data requirements include property values at market price and population estimates.

For the time being, the property value component of the project focuses entirely on residential property assessment. In producing the estimates, Statistics Canada has incorporated conceptual and methodological elements that are either stipulated by or are endorsed by Finance Canada.