Value (owner estimated) of private dwelling

Status: This standard was approved as a departmental standard on March 24, 2016.

Definition

Value (owner estimated) refers to the dollar amount expected by the owner if the asset were to be sold.

Private dwelling refers to a separate set of living quarters with a private entrance either from outside the building or from a common hall, lobby, vestibule or stairway inside the building. The entrance to the dwelling must be one that can be used without passing through the living quarters of some other person or group of persons.

Usage

Data are not collected for private households living in band housing or located on an agricultural operation that is operated by a member of the household, or for households who rented the dwelling.

Conformity to relevant internationally recognized standards

There are no relevant internationally recognized standards.

Measurements

• 'Value of private dwelling' is expressed in Canadian dollars. The amount ranges from 1 to the maximum amount on the file. March 24, 2016 to current

Additional information

In the context of private dwelling, it refers to the value of the entire dwelling, including the value of the land it is on and of any other structure, such as a garage, which is on the property.

Relation to previous version

• Value (owner estimated) of private dwelling March 24, 2016 to current

  This standard replaces the recommended standard 'Value (owner estimated, market) of private dwelling'. The concept has been renamed "Value (owner estimated)" and the dwelling value classification was replaced by a measurement section.

• Value (owner estimated, market) of private dwelling September 11, 2013 to March 23, 2016

  'Value (owner estimated) of private dwelling' replaces the recommended standard 'Value (owner estimated) of private dwelling'.