B.C.’s new taxes on $3M homes could lean hard on Vancouver’s west side, maps show

Posted by Michael La Prairie on Wednesday, February 28th, 2018 at 1:22pm.

B.C.’s new taxes on properties worth $3-million or more could lean hard on West Vancouver and Vancouver’s west side, traditionally some of the region’s richest areas.

That’s according to maps produced by Andy Yan, director of the SFU City Program.

bc new taxes

They show that there’s a $3-million line where another boundary once divided Vancouver between areas with single-detached homes worth $1-million or less.

And now, that new line marks out which properties could be hit with a pair of new taxes that were introduced with the 2018 provincial budget.

Original news retrieved from Global News

Leave a Comment

Format example: you@domain.com
Format example: yourwebsitename.com

Sign-up Here for Real Estate Updates!