Showing posts with label Teranet. Show all posts
Showing posts with label Teranet. Show all posts

Thursday, February 18, 2016

MPAC and Teranet

MPAC

MPAC (mpac.ca, AboutMyProperty.ca™, propertyline.ca) is a not‐for‐profit corporation funded by all Ontario municipalities.

MPAC is responsible for administering a uniform, province‐wide property assessment system based on current values. MPAC assesses nearly five million properties with a total value of $2.2 trillion.

MPAC provides a range of services, including the preparation of annual assessment rolls for use by municipalities and the Province of Ontario to calculate property taxes and education taxes.

 MPAC also delivers  products and value‐added services to a number of sectors including banks, mortgage firms and other assessment jurisdictions across Canada. propertyline™ is a secure e‐commerce solution for obtaining accurate, real‐time property information quickly and easily.

With propertyline™, customers can purchase assessment, site, structural, and sales data on all types of properties across Ontario. Information is refreshed weekly to ensure customers have access to the most current property information.

Teranet

Founded in 1991, Teranet owns and operates Ontario’s Electronic Land Registration System, one of the world’s most advanced land registration systems, enabling users to conduct electronic registrations as well as title and writ searches relating to real property.

Teranet also owns and operates The Property Registry in Manitoba, providing advanced land and personal property security registration and search services.  Teranet’s comprehensive suite of related data products have fundamentally increased the real estate industry’s ability to provide efficient and secure services to the public.

Teranet has built a well‐established customer base and strong brand confidence, providing electronic services to over 81,000 end users including lawyers, paralegals, real estate brokers and agents, search houses, title insurers, financial institutions, governments, police services, utilities, surveyors, credit unions, investigators and appraisers.

Teranet is managed by Borealis Infrastructure, a leader in direct infrastructure investing with well over a decade of investment experience.

With offices in Toronto, London, New York and Sydney, Borealis is the infrastructure investment arm of OMERS, one of Canada's largest pension funds with net assets of more than $65 billion and an AAA credit rating.

As at December 31, 2013, Borealis manages net assets of approximately $11.6 billion on behalf of OMERS through investments in a diversified portfolio of large‐scale infrastructure assets exhibiting stability and strong cash flows, in sectors including energy, transportation and social infrastructure. For more information about Teranet, visit www.teranet.ca.