2016 is an assessment year for MCAP and as a result Property Valuations (and municipal taxes) are set to rise. How much you may ask?
During the past year, the median single-family home value has risen to $333,000. That’s below both the regional median of $358,000 and the provincial median at $386,000.
For condos, the Cambridge median is $219,000. That’s more than the regional median of $199,000 and well below the provincial median of $298,000.
Check out the Graphic below to see what the average home owner can expect: