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Old Posted Apr 11, 2025, 9:28 PM
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CanSpice CanSpice is offline
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Join Date: Dec 2014
Location: New Westminster, BC
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Quote:
Originally Posted by logicbomb View Post
People do notice.

One of my dear relatives has seen their Vancouver property value go from 1.2 mil to 4.5 mil in 15 years. They have gone through multiple tenants with yearly rental income going from near 15k to 33k in that span. Despite their increasing property taxes, they are collecting more $$ per year, outpacing inflation and have seen their home values go up. Yet these jokesters are always out there in the community clamouring for a break from increasing property taxes trying to say they are old and don't have enough income to withstand any further increases!
Tell them that they don't have to pay any property taxes at all because the provincial government offers a property tax deferral program for anybody 55 and older.
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