Step 2: Make a note of the total floor area

You’ll find this information in section 3, “Caractéristiques de l’unité d’évaluation” (“Characteristics of the assessment unit.”)

In this example, the total floor area is 215.50 m².

For a divided co-ownership, note the floor area of each unit of the co-ownership.

Step 3: Make a note of the building value

You’ll find this information in section 4: “Property assessment roll values.”

In this example, the building value is $456,400.

In the case of divided co-owned buildings, make a note of the value of each unit.

Step 4: Make your calculation

Divide the building value by the total floor area to get the property value by square metre. 

In this example, the calculation is as follows: $456,400 divided by 215.50 m² = $2,117.87/m².

For a divided co-ownership, calculate the sum of the building valuations for all units and divide it by the sum of the floor areas of all units.

If your property assessment value is less than or equal to $3,476/m2, you may be eligible for Blocks 1 and 3.

If the property assessment value is less than or equal to the low valuation threshold, you may be eligible for Block 2 work. To check the low valuation threshold per borough, look up the table below.

To learn more about the program or to submit an application, visit the link below.