8. An assessor assesses each unit of assessment using the most relevant method or methods, depending on the nature of the unit and on market conditions existing on the date referred to in the first paragraph of section 46 of the Act. In particular, the assessor uses the methods applicable under the Act and parts 3C, 3D and 3E of the Manual, including the adjustments that the methods entail.
Despite the foregoing, for the purposes of any roll coming into force not later than 1 January 2018, an assessor must not, when assessing a non-residential building using the methods in parts 3C, 3D and 3E of the Manual and when, in respect of that building, the assessor has gathered, recorded and established, in accordance with the third paragraph of section 4, information which, under the Regulation to amend the Regulation respecting the real estate assessment roll made by the Minister’s Order dated 20 July 2010, constitutes descriptive information, take into account the following information:
(1) the amendments made by the Regulation to amend the real estate assessment roll, made by the Minister’s Order dated 20 July 2010;
(2) the amendments consequential to any updating of the Manual after 18 August 2010.
The assessor notes in the unit’s property record, in accordance with Chapter 8 of Part 2C of the Manual, the assessment results obtained with each method used.
M.O. 94-09-01, s. 8; M.O. 2010-07-20, s. 2; M.O. 2015-06-08, s. 3.