Good news, your property value is going up! Bad news, It's going to cost you!

Ontario’s Municipal Property Assessment Corporation or MPAC  has started mailing out notices Tuesday for the first time since 2012 and guess what, your property’s value is likely going up.  MPAC estimates values rose an average of 4.5 per cent in each of the past four years, great news if you  are thinking of selling because you will make more money.  However, if you plan on staying in your home, it also means your property taxes could rise 18%.  Sorry!  If you are curious how it all works check out this video.