Real Estate Advisor with Engel & Völkers Vancouver, Canada

Cindy Stanley Realty Blog › December 2017

City of Vancouver proposing 3.9% property tax increase in 2018 budget


CKNW

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As the year winds down, Vancouver City Council is holding a special meeting on Wednesday to talk about next year’s budget.

According to a report, the city is proposing a 3.9 per cent property tax increase. That means an extra $87 for a median single family home, and an extra $29 for a median strata unit.

READ MORE: City of Vancouver approves tax hike to tackle opioid crisis

But that’s not all. The city is also proposing an increase of an average of $40 for sewage, $37 for water and $23 for garbage.

As part of the budget, Vancouver police is also asking for $700,000 to build a new drug-handling facility.

According to Sgt. Jason Robillard, the new facility would be built at the VPD’s existing Glen Drive office and would allow officers and staff who handle seized drugs to work with them in a safe environment.

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November 2017 Housing Market Update Real Estate Board of Greater Vancouver


REBGV President Jill Oudil provides a summary of the November 2017 housing market statistics.

 



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