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.
