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Vancouver proposes 3.9% property tax hike for 2nd year in a row

The City of Vancouver is proposing a 3.9 per cent property tax hike to help pay for its 2018 budget.

It includes new spending the city says is needed on actions to "address housing supply, affordability and critical social issues."

The proposed increase amounts to an extra $87 per median single family home (assessed at $1.823 million) or $29 for a median strata unit (assessed at $609,000).

Full story available here: http://www.cbc.ca/news/canada/british-columbia/vancouver-tax-increase-3-9-2018-1.4414648

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