Edward Mui

The appellant appealed the property assessments for an industrial property in Etobicoke for the 2013 to 2016 taxation years, which MPAC had returned at $1,738,000.

The appellant argued the value should be reduced to $1,535,000.

The Assessment Review Board preferred the valuation analysis provided by the appellant's expert, finding that the comparable sales relied upon were more similar to the subject property in terms of lot and building size.

The Board reduced the assessment to $1,535,000 and found no adjustment for equity was required.