This press release is provided by GlobeNewswire and is published as received.
TORONTO, April 01, 2026 (GLOBE NEWSWIRE) -- PropTx Innovations Inc. (“PropTx”) and the Municipal Property Assessment Corporation (“MPAC”) are partnering to deliver the most comprehensive residential appraisal subscription service available in Ontario.
Designed specifically for professional appraisers, this new offering brings together PropTx MLS® listing data and MPAC property data including residential square footage, into a single, integrated platform based on the REALM MLS® application that PropTx appraiser subscribers are already using. This will eliminate the need for multiple subscriptions and ad hoc report purchases, significantly enhancing efficiency, accuracy, and access to critical property insights.
Through PropTx, Appraiser Members and Candidate Members of the Appraisal Institute of Canada (AIC) and the Canadian National Association of Real Estate Appraisers (CNAREA) will access this exclusive subscription service beginning in April.
A Unified Data Experience for Appraisers
Key benefits of this new unified solution include:
Comprehensive Data Coverage
The base subscription service includes:
Subject Property Insights
Comparable Property Analysis
Advanced Search Capabilities
Optional Fee-Based Retrospective Data Reports
A Marked Improvement in Data Transparency and Access
By combining two of Ontario’s most trusted property data sources, this partnership addresses longstanding challenges in the appraisal process, particularly around data fragmentation, historical accuracy, and cost efficiency.
“This partnership represents a significant advancement for the appraisal profession in Ontario,” said John DiMichele, CEO of PropTx Innovations Inc. “By integrating timely PropTx MLS® transaction data with MPAC’s authoritative property information, we are delivering a more complete, efficient, and reliable data experience that directly supports the quality and consistency of property valuations.”
“MPAC is committed to improving access to high-quality property data,” said Lee Taylor, Vice President of Business Development at MPAC. “Working with PropTx allows us to expand how appraisers access and use property information, supporting better outcomes across the real estate ecosystem.”
Industry Support
“Access to reliable, comprehensive data is fundamental to the appraisal profession and remains a core focus of our advocacy at AIC Ontario,” said Stephen Otto, AIC-ON President. “This collaboration between PropTx and MPAC represents a significant step forward, bringing together data that previously required multiple subscriptions and equipping appraisers with the practical tools needed to deliver accurate, well-supported valuations in an increasingly complex market. It enhances efficiency, delivers real value to our Members, and supports appraisers in accessing and applying property data in a manner consistent with their professional and licensing obligations, an important consideration as data sourcing continues to evolve across the industry. Our Members play an integral role across the housing continuum, and ensuring they have the right tools to do their work with confidence is a priority we take seriously.”
The new subscription service will be available to eligible AIC and CNAREA members beginning April 1, 2026.
About PropTx Innovations Inc.
PropTx Innovations Inc., a wholly owned subsidiary of TRREB, is a leading provider of real estate technology and data infrastructure, delivering MLS® platforms and advanced analytics solutions to REALTORS® and real estate boards across Ontario.
About MPAC
The Municipal Property Assessment Corporation (MPAC) is responsible for assessing and classifying more than 5.7 million properties in Ontario in compliance with the Assessment Act. As the largest assessment jurisdiction in North America, MPAC provides trusted data, insights, and commercial solutions to support informed decision-making.
Media Contacts
PropTx
Silvana Aceto
Director, Communications
communication@proptx.ca
416-443-8103
MPAC
Paula Chung
Manager, Communications
media@mpac.ca
289-539-0830
NEWS RELEASE TRANSMITTED BY Globe Newswire
Globenewswire
