Teranet Inc. Enhances GeoWarehouse® with Premium Data Attributes & Property Reports from MPAC

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Toronto – July 5, 2019 – Teranet Inc., in partnership with MPAC, has enhanced its GeoWarehouse® solution to provide additional data and reports for all properties across Ontario. Available through one centralized location, the enhanced data set allows Barrie and District Association of REALTORS® (BDAR) Members to instantly search and review assessment, structural, and land registry data elements for residential properties.

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In addition to the enhanced data, new GeoWarehouse® transactional reports are now available to BDAR members, including:

Enhanced AVM Residential Comparable Report & NEW AVM Market Sales Report

Updated weekly, these reports provide real-time market value estimates, and a full comprehensive breakdown of up to 12 comparable properties

REB Residential Detail Report

Additional details about the property including building permit information, a breakdown of the primary structure square footage by floor level, renovation and addition years, and the square footage of all secondary structures

Report Bundles (Coming Soon!)

Allows users to save on a per report basis with bundled purchases on the AVM, Residential Detail, and Floor Area Reports

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“We are excited to add this substantial enhancement to GeoWarehouse® as it provides valuable property-based information and intelligence all in one location” said Paul McGowan, National Leader, Real Estate Products & Services. “We are thrilled to be a part of a strong and growing real estate ecosystem and will continue to work with our partners in order to provide unprecedented insights into the Canadian Real Estate Market.”

Chris Fusco, Director of Real Estate & Strategic Accounts from MPAC echoes Paul’s enthusiasm. “Providing Ontario’s realtors with the products and services they need is a key priority at MPAC. Partnering with Teranet to pilot these enhancements with BDAR is an exciting milestone for MPAC and the real estate community.”

“We are extremely pleased to be working in partnership with Teranet and MPAC to be the first Real Estate Association to test the new product offering within GeoWarehouse®. We are confident this will support our members delivering the highest standard of service to their clients.” - 2019 BDAR President Tania Artenosi.

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About Teranet Inc.

Teranet is Canada’s leader in the delivery and transformation of statutory registry services with extensive expertise in land and commercial registries. We also market insightful property and data solutions, as well as practice management automation to thousands of customers in the real estate, financial services, government, utilities, and legal markets. Founded in 1991, Teranet operates the Electronic Registration System for the Province of Ontario, and The Property Registry for the Province of Manitoba. Our intention is to extend our registry service offerings to other jurisdictions. We are proud to be recognized as one of Greater Toronto’s Top 100 Employers in 2017. Teranet Inc. is 100 percent owned by Borealis Infrastructure, the infrastructure investment manager of OMERS, the pension plan for Ontario’s municipal employees. OMERS is one of Canada's largest pension funds, with net assets of more than C$85 billion. To learn more, visit our website at Teranet.ca.

About MPAC

The Municipal Property Assessment Corporation (MPAC) is an independent, not-for-profit corporation funded by all Ontario municipalities, accountable to the Province, municipalities and property taxpayers through its 13-member Board of Directors. Our role is to assess and classify all properties in Ontario in compliance with the Assessment Act and regulations set by the Government of Ontario. We are the largest assessment jurisdiction in North America, assessing and classifying more than five million properties in Ontario, representing $2.78 trillion in property value. Our assessments provide the foundation that municipalities use to base the property taxes needed to pay for community services.

About GeoWarehouse®

GeoWarehouse® is a web-based, centralized property information source that provides state of the art mapping and research tools, as well as professional reports. GeoWarehouse® services real estate and non-real estate professionals across Ontario.

GeoWarehouse® subscribers can create property detail, neighbourhood sales and demographic reports as well as access “exterior, aerial and bird’s eye view images” of properties.

Through the GeoWarehouse® store, subscribers can conveniently access POLARIS Parcel Registers, instrument images, surveys, plans, MPAC Assessment reports and more. All in one central location! GeoWarehouse® enhances your professional image and all reports are completely customizable. GeoWarehouse® provides you with the tools that make you the expert.

The Barrie & District Association of REALTORS® (BDAR)

The Barrie & District Association of REALTORS® cautions that over a period of time the use of average price information can be useful in establishing trends, but it does not indicate actual prices in widely divergent areas or account for price differentials between geographical areas. The prices reflected in this media release are based on homes sold via the live BDAR MLS® system only.

Using a Local Professional REALTOR®

“REALTOR®” is a professional designation. A REALTOR® is a licensed real estate professional belonging to local, provincial and national associations. They have completed an intensive real estate program and have the skill set, expertise and experiences that you will need when buying or selling your home. Realtors® have a network of resources available at their fingertips. They understand financing and mortgage rules, insurance and liability coverage, and all the legal details involved in real estate. As a skilled negotiator, your local BDAR Realtor® will help you get the most value when buying or selling a home.

About The Barrie & District Association of REALTORS® (BDAR)

The Barrie & District Association of REALTORS® (BDAR) represents over 1,000 REALTORS® in the Barrie and Simcoe County region. BDAR provides its members leadership opportunities, professional development, and other tools and services to help them deliver a high standard of services to their clients. BDAR is community‐focused and believes that community prosperity is largely based on shelter and home ownership. The Association has a strong focus on affordable housing and helping first‐time buyers understand how to get on the housing ladder.