Level 2 – Market Valuation Reports (MVR)

Large and Special Purpose Properties

MVRs explain how the relevant methodology was applied to a group of properties. They present relevant market data in relation to the legislated valuation date and show how key components were derived for that property type. Any factors associated with the methodology applied by an assessor (i.e., cost rates and economic indicators) are included in these Reports.

Consultations for MVRs began in fall 2015 with participation from large and special purpose property owners, representatives and municipalities.

In January 2016, a special session on Replacement Cost New was held based on industry feedback. This session highlighted the steps taken to derive the 2016 replacement cost new per square foot rates.

As a result of industry feedback and in accordance with the direction issued by the Minister of Finance on April 18, 2015 (subsection 10(1) of the Assessment Act), we have published a MVR  for each of the following sectors:





Aerospace Manufacturing Plants in Ontario

Oil Refineries in Ontario

Steel Manufacturing Plants in Ontario

Automotive Assembly Plants in Ontario

Automotive Parts Manufacturing Plants in Ontario

Pharmaceutical Manufacturing Plants in Ontario

Note: The applicable law prevails to the extent there is any conflict between this information and the current law. This information is not intended to provide legal advice and should not be relied upon as such.

Information on this page may not be fully accessible. Please contact us at 1 866 296-6722 or TTY 1 877 889-6722 to determine how we can best accommodate you.