Supporters of market value assessment believe that the value of your home is a fair way to measure your ability to pay. The Fair Tax Commissions report of the Property Tax Working Group, who had a one-time access to income information at the household level, concluded that this was random at best. They also concluded taxes based on MVA’s or CVA’s was regressive.   The supporters of Market Value Assessment or CVA continue to push for the updating of assessments to a new base year preferably going to annual updates. (In a later post I will talk about how this obfuscates the reality of tax shifts from one area to another.)   The Debate: Market Value Assessment (MVA) or Current Value Assessment (CVA) often centers on the tension between "asset wealth" and "liquid income." While property ta... 03/08/2026

🌲 THE WOODLAND REPORT – Thunder Bay District, NW OntarioHunting • Timber • Investments Market Snapshot – 20+ Acre Properties📍 District Overview – Thunder Bay, OntarioThe Thunder Bay District occupies a vast portion of northwestern Ontario’s boreal forest, with a mix of Crown land and private woodlots, extending from Lake Superior northward into Canada’s boreal biome. It’s a major hub for forestry and wood product manufacturing in Ontario.The region’s forests are part of a broader forest landscape that supports sawmills, pulp and paper facilities, and growing bioeconomy interests.🌳 Forestland SummaryUnlike U.S. counties, Ontario’s forest inventory isn’t framed in “forest acres per county,” but rather in Forest Management Units (FMUs) and Crown forest land. The Thunder Bay area includes p... 03/02/2026

Commercial Bond Yields CMB 5 Year - 2.92%* Est CANHOU 06/15/31 [-0.03%]     10 Year - 3.47%* Est CANHOU 09/15/36 [-0.02%]     Floating Rate insured cost of funds 2.58% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.42% CAN 02/01/28 [-0.02%]     3 Year - 2.48% CAN 09/01/28 [-0.03%]     5 Year - 2.70% CAN 09/01/30 [-0.02%]     10 Year - 3.16% CAN 12/01/35 [-0.02%]     02/27/2026

Commercial Bond Yields CMB 5 Year - 2.98%* Est CANHOU 06/15/31 [-0.03%]     10 Year - 3.53%* Est CANHOU 09/15/36 [-0.01%]     Floating Rate insured cost of funds 2.58% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.44% CAN 02/01/28 [-0.01%]     3 Year - 2.52% CAN 09/01/28 [-0.01%]     5 Year - 2.74% CAN 09/01/30 [-0.02%]     10 Year - 3.21% CAN 12/01/35 [-0.02%] 02/20/2026

Toronto Condo RentalThe Toronto rental market has been slow in recent years, in fact the slow down began during the pandemic when people starting working from home.Many young people utilized their parents’ basements rather than pay the high rents in the Downtown core of the city.Now that the provincial government is requiring its employees to comeback  and work in the office rather than from home, it is hoped that there will be an uptick in the rental market.My colleague and I co-listed a two-bedroom unit in a condominium building on Yonge Street, in early February 2026 and within a few days we had an offer which was not accepted. Following this, there were several showings but no offers ……..Then an agent called me to say he had showed the unit to his clients and they wanted to bring an... 02/17/2026

It’s been over ten years since I stopped posting here.  Given the changes that have happened to the assessment process here in Ontario since then and the impact on our taxes I felt the need to update my knowledge and share what I find.I will be using AI for much of my research to avoid the time consumption of searching the many different web sites involved. Please feel free to use my information as a starting point for your own research on market value assessments . . . The Illusion & The Reality. 02/15/2026

Commercial Bond Yields CMB 5 Year - 3.04%* Est CANHOU 06/15/31 [-0.04%]     10 Year - 3.56%* Est CANHOU 09/15/36 [-0.03%]     Floating Rate insured cost of funds 2.58% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.49% CAN 02/01/28 [-0.03%]     3 Year - 2.58% CAN 09/01/28 [-0.03%]     5 Year - 2.81% CAN 09/01/30 [-0.05%]     10 Year - 3.28% CAN 12/01/35 [-0.04%]   02/13/2026

Commercial Bond Yields CMB 5 Year - 3.15%* Est CANHOU 06/15/31 [-]     10 Year - 3.66%* Est CANHOU 09/15/36 [-0.01%]     Floating Rate insured cost of funds 2.58% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.56% CAN 02/01/28 [-]     3 Year - 2.64% CAN 09/01/28 [-0.01%]     5 Year - 2.92% CAN 09/01/30 [-0.01%]     10 Year - 3.40% CAN 12/01/35 [-0.02%]   02/06/2026

Commercial Bond Yields CMB 5 Year - 3.20%* Est CANHOU 06/15/31 [+0.03%]     10 Year - 3.66% CANHOU 03/15/36 [+0.02%]     Floating Rate insured cost of funds 2.64% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.62% CAN 11/01/27 [+0.06%]     3 Year - 2.71% CAN 09/01/28 [+0.02%]     5 Year - 2.98% CAN 09/01/30 [+0.04%]     10 Year - 3.43% CAN 12/01/35 [+0.02%] 01/23/2026

Commercial Bond Yields CMB 5 Year - 3.14%* Est CANHOU 06/15/31 [-]     10 Year - 3.58% CANHOU 03/15/36 [-]     Floating Rate insured cost of funds 2.64% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.66% CAN 09/01/28 [-0.01%]     3 Year - 2.79% CAN 09/01/29 [-]     5 Year - 2.91% CAN 09/01/30 [-]     10 Year - 3.36% CAN 12/01/35 [-0.01%]   01/16/2026

Commercial Bond Yields CMB 5 Year - 3.17%* Est CANHOU 06/15/31 [-0.02%]     10 Year - 3.61% CANHOU 03/15/36 [-0.03%]     Floating Rate insured cost of funds 2.64% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.68% CAN 09/01/28 [-0.02%]     3 Year - 2.81% CAN 09/01/29 [-0.02%]     5 Year - 2.93% CAN 09/01/30 [-0.03%]     10 Year - 3.39% CAN 12/01/35 [-0.03%]   01/09/2026

HAPPY NEW YEAR - 2026Wishing everyone a very Happy New Year for 2026.I am hoping that the real estate market in my area performs better in 2026 than it did in 2025.The activity in the Toronto Condo market was particularly slow in comparison to the Freehold market; even the the Freehold market was not overwhelmingly busy.With the hope that the recent cuts in interest rates, and maybe more interest rate cuts in 2026, buyers will feel motivated to commit to their big investment in purchasing a property to call their home. 01/01/2026

Commercial Bond Yields CMB 5 Year - 3.24% CANHOU 06/15/31 [+0.05%]     10 Year - 3.72%* Est. CANHOU 03/15/36 [+0.03%]     Floating Rate insured cost of funds 2.73% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.73% CAN 09/01/28 [+0.03%]     3 Year - 2.86% CAN 09/01/29 [+0.04%]     5 Year - 2.99% CAN 09/01/30 [+0.04%]     10 Year - 3.44% CAN 06/01/35 [+0.03%]   12/19/2025

Commercial Bond Yields CMB 5 Year - 3.22% CANHOU 06/15/31 [+0.20%]     10 Year - 3.69%* Est. CANHOU 03/15/36 [+0.17%]     Floating Rate insured cost of funds 2.73% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.74% CAN 09/01/28 [+0.20%]     3 Year - 2.88% CAN 09/01/29 [+0.21%]     5 Year - 2.99% CAN 09/01/30 [+0.20%]     10 Year - 3.40% CAN 06/01/35 [+0.17%]     12/06/2025

Commercial Bond Yields CMB 5 Year - 2.87% CANHOU 12/15/30 [+0.01%]     10 Year - 3.46%* Est. CANHOU 03/15/36 [+0.01%]     Floating Rate insured cost of funds 2.81% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.51% CAN 09/01/28 [+0.02%]     3 Year - 2.61% CAN 09/01/29 [-]     5 Year - 2.73% CAN 09/01/30 [+0.01%]     10 Year - 3.14% CAN 06/01/35 [-]     11/28/2025

Commercial Bond Yields CMB 5 Year - 2.94% CANHOU 12/15/30 [-0.04%]     10 Year - 3.56%* Est. CANHOU 03/15/36 [-0.04%]     Floating Rate insured cost of funds 2.81% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.54% CAN 09/01/28 [-0.03%]     3 Year - 2.67% CAN 09/01/29 [-0.04%]     5 Year - 2.79% CAN 09/01/30 [-0.03%]     10 Year - 3.21% CAN 06/01/35 [-0.04%]         11/21/2025

Commercial Bond Yields CMB 5 Year - 2.92% CANHOU 12/15/30 [-]     10 Year - 3.52%* Est. CANHOU 03/15/36 [+0.01%]     Floating Rate insured cost of funds 2.81% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.54% CAN 09/01/28 [-]     3 Year - 2.65% CAN 09/01/29 [-]     5 Year - 2.76% CAN 09/01/30 [-]     10 Year - 3.17% CAN 06/01/35 [-]     11/14/2025

Commercial Bond Yields CMB 5 Year - 2.91% CANHOU 12/15/30 [+0.03%]     10 Year - 3.53%* Est. CANHOU 03/15/36 [+0.03%]     Floating Rate insured cost of funds 2.81% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.52% CAN 09/01/28 [+0.04%]     3 Year - 2.63% CAN 09/01/29 [+0.03%]     5 Year - 2.74% CAN 09/01/30 [+0.03%]     10 Year - 3.17% CAN 06/01/35 [+0.03%]     GOC Bonds are for reference purposes only * denotes interpolated rate 11/07/2025

  Commercial Bond Yields CMB 5 Year - 2.87% CANHOU 12/15/30 [-0.03%]     10 Year - 3.49%* Est. CANHOU 03/15/36 [-0.03%]     Floating Rate insured cost of funds 2.87% [-]     Prime Rate 4.45% [-]     GoC 2 Year - 2.49% CAN 09/01/28 [-0.02%]     3 Year - 2.60% CAN 09/01/29 [-0.03%]     5 Year - 2.71% CAN 09/01/30 [-0.03%]     10 Year - 3.13% CAN 06/01/35 [-0.03%]     GOC Bonds are for reference purposes only * denotes interpolated rate   Market Trends View the 30 day trend graphView the 1 year trend graph 10/31/2025

Commercial Bond Yields CMB 5 Year - 2.78% CANHOU 12/15/30 [-0.03%]     10 Year - 3.44%* Est. CANHOU 03/15/36 [-0.03%]     Floating Rate insured cost of funds 2.87% [-]     Prime Rate 4.70% [-]     GoC 2 Year - 2.43% CAN 09/01/28 [-0.03%]     3 Year - 2.53% CAN 09/01/29 [-0.02%]     5 Year - 2.62% CAN 09/01/30 [-0.03%]     10 Year - 3.05% CAN 06/01/35 [-0.03%]     GOC Bonds are for reference purposes only * denotes interpolated rate   10/25/2025