Market Value Info
Winnipeg's real estate market has changed significantly in five years. The 2006 General Assessment was based on 2003 market values while 2010 is based on April 1, 2008 market values. Read About Time Adjustments for 2010 General Assessment (PDF). On average,
- The value of residential properties (four dwelling units and under) increased 78% city-wide in the period from 2003 to April 1, 2008.
- The market value of multi-family housing (5 dwelling units and up) has risen by 106%.
- The market value of condominiums and cooperative housing has risen 77%.
- The value of office/retail properties has risen 69%.
- The value of industrial properties has risen 57%.
The 2010 Assessment Roll was issued June 5, 2009 with Property Assessment Notices being mailed to the owners of more than 200,000 properties in the City of Winnipeg.
Residential:
Previously, the Assessment and Taxation Department was required by law to conduct a General Assessment of all property in Winnipeg every four years. Going forward, the 2010 General Assessment is the start of 2-year assessment cycles.
Our 2010 reassessment Residential Open House Program is complete. Twenty-Four Open House days were held at 7 locations around Winnipeg between October, 2008 and March 2009. A total of 4,651 property owners visited the Open Houses.
Read About the Valuation of Residential and Condominium Properties (PDF)
This page contains detailed information about the processes used in the valuation of commercial properties. Files are in PDF format and can be downloaded and/or printed.
Valuation of Hotel Properties
Valuation of Income Producing Properties