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Residential properties in Ontario are primarily valued using the Sales Comparison approach to value. The Municipal Property Assessment Corporation (MPAC) carries out this approach using a statistical process called Multiple Regression Analysis. MPAC has identified over one hundred unique market areas and created regression equations for each of these markets for the purpose of valuing residential property. For general information regarding this method and how it is used by MPAC, click here Market Model Overview.
Additional information about the multiple regression model used in your area is available for you to purchase through our Market Model Report.
A Market Model Report includes the following:
- A general description of the sales comparison approach, including model specification and model calibration;
- sample regression equation and sample value calculation (using a hypothetical equation for both);
- A discussion of ratio studies, standards, and how results are measured.
- An overview of the finetuning process;
- A listing of all the market models that were built for the specific area.
- Market model boundaries for the area;
- A summary of the sales database for the market model requested.
- A ratio study for the market area; and
- A list of variables, coefficients, and standard error statistics in the model.
The cost for this complete information package is $250.00 plus applicable taxes.
If you would like to purchase this package, please e-mail pd@mpac.ca. Please include your:
- Name;
- Address;
- Phone number;
- Email address; and
- The area of the province you are interested in.
Upon receipt of the e-mail, MPAC will send you an invoice and licence agreement. If additional information is required to identify the market area desired, a Customer Service Manager will contact you. Once the signed licence agreement and payment has been received by MPAC, the Market Model Report will be delivered to you within five to ten business days.
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