{"id":184688,"date":"2025-01-16T12:43:12","date_gmt":"2025-01-16T17:43:12","guid":{"rendered":"https:\/\/doppleronline.ca\/huntsville\/?p=184688"},"modified":"2025-01-16T12:44:21","modified_gmt":"2025-01-16T17:44:21","slug":"muskoka-lakes-was-the-fastest-growing-small-municipality-in-ontario-last-year","status":"publish","type":"post","link":"https:\/\/doppleronline.ca\/huntsville\/muskoka-lakes-was-the-fastest-growing-small-municipality-in-ontario-last-year\/","title":{"rendered":"Muskoka Lakes was the fastest growing small municipality in Ontario last year"},"content":{"rendered":"
<\/broadstreet-zone><\/strong><\/div>\n\n\n\n

According to MPAC (the Municipal Property Assessment Corporation), in 2024, Ontario\u2019s property inventory reached a new milestone with over $42.7 billion in new assessment captured, including new construction and improvements to existing properties.<\/p>\n\n\n\n

Among municipalities with a population under 15,000 both Gravenhurst and Muskoka Lakes Township rank in the top five in Ontario in terms of new assessment.<\/p>\n\n\n\n

Residential homes, including condominiums, accounted for nearly $31 billion of this increase, while commercial and industrial properties contributed more than $5.7 billion.<\/p>\n\n\n\n

The total assessed value of Ontario\u2019s nearly 5.7 million properties is estimated at approximately $3.2 trillion, based on January 1, 2016 assessed values. These changes are outlined in the annual assessment rolls delivered to Ontario\u2019s 444 municipalities.<\/p>\n\n\n\n

\u201cMPAC has achieved a significant milestone this year by capturing over $42.7 billion in new assessment across the province, surpassing last year\u2019s record,\u201d says Daniel DeVellis, Vice-President of Valuation & Assessment Operations. \u201cOur work never stops to keep property assessment records updated and capture the value of ongoing construction and renovation projects throughout the year.\u201d<\/p>\n\n\n\n

In Ontario, 10 municipalities accounted for 54 per cent of the new property value. Leading the way was Toronto with $12.11 billion, followed by Ottawa at $2.88 billion. Vaughan contributed $1.62 billion, Oakville added $1.57 billion, and Mississauga rounded out the top five with $1.56 billion.<\/p>\n\n\n\n

When looking at the new assessment by region:<\/p>\n\n\n\n

\u00b7 In Central Ontario, Barrie leads with $389 million in new assessment.<\/p>\n\n\n\n

\u00b7 Ottawa tops the list in Eastern Ontario with $2.88 billion.<\/p>\n\n\n\n

\u00b7 Within the Greater Golden Horseshoe region, Hamilton is at the forefront with $1.10 billion.<\/p>\n\n\n\n

\u00b7 In Northeast Ontario, Greater Sudbury leads with $181 million.<\/p>\n\n\n\n

\u00b7 In Northwest Ontario, Thunder Bay recorded $75 million.<\/p>\n\n\n\n

\u00b7 In Southwest Ontario, London achieved $526 million.<\/p>\n\n\n\n

In examining the growth rates for municipalities with populations under 15,000, the top five municipalities included:<\/p>\n\n\n\n

\u00b7 Muskoka Lakes experienced the highest overall growth this year, totaling $208 million.<\/p>\n\n\n\n

\u00b7 Blue Mountains followed with $191 million.<\/p>\n\n\n\n

\u00b7 Adjala-Tosorontio came in third with $186 million.<\/p>\n\n\n\n

\u00b7 Wellington North and Gravenhurst rounded out the top five, with growth rates of $125 million and $91 million, respectively.<\/p>\n\n\n\n

Property assessments for the 2025 property tax year will continue to be based on January 1, 2016 assessed values. This means property assessments remain the same as the 2024 tax year unless changes have been made to the property.<\/p>\n\n\n

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<\/broadstreet-zone>\n","protected":false},"excerpt":{"rendered":"

According to MPAC (the Municipal Property Assessment Corporation), in 2024, Ontario\u2019s property inventory reached a new milestone with over $42.7 billion in new assessment captured, including new construction and improvements […]<\/p>\n","protected":false},"author":1904,"featured_media":184689,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1188],"tags":[],"class_list":["post-184688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"acf":[],"yoast_head":"\nMuskoka Lakes was the fastest growing small municipality in Ontario last year - Huntsville Doppler<\/title>\n<meta name=\"description\" content=\"According to MPAC, in 2024, Ontario\u2019s property inventory reached a new milestone with over $42.7 billion in new assessment\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/doppleronline.ca\/huntsville\/muskoka-lakes-was-the-fastest-growing-small-municipality-in-ontario-last-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Muskoka Lakes was the fastest growing small municipality in Ontario last year - 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