Over $36 million in new property assessment in North Bay
Ontario’s property inventory continued to grow in 2025, including locally.
New data from the Municipal Property Assessment Corporation (MPAC) shows more than $41 billion in new assessment across the province.
Assessment is up $36.5 million in North Bay.
That puts the city fourth in the northeast, in terms of new assessment.
Sudbury was tops at $142.8 million.
West Nipissing was fifth at $28.7 million.
Another area community making the top 10 was East Ferris, in eighth, with $10.4 million in new assessment.
Callander was next at $8.6 million.
MPAC says new assessment reflects the added value from new construction and improvements made to existing properties.
Across Ontario, nearly $30 billion came from residential homes, including condominiums, and almost $6 billion from commercial and industrial properties.
Officials say the added value will help generate new property tax revenue for municipalities to support services, infrastructure, and community growth.
Richard Coffinhttps://www.mynorthbaynow.com/
Richard Coffin has been a reporter and news anchor on the radio in North Bay for over 25 years. From premiers to people in the neighbourhood, he enjoys connecting with newsmakers and writing stories that matter to area listeners on a variety of topics including healthcare, education, politics, sports and more.
