Owners of multimillion dollar Vancouver homes speak out against tax bump

Posted by Michael La Prairie on Tuesday, May 15th, 2018 at 10:27am.

VANCOUVER - Lynne Kent says owning a home in Vancouver that's valued at $4 million isn't the blessing it may appear to be.

She and her husband are among a small group of homeowners in British Columbia facing a tax bump on homes assessed at over $3 million who say they simply can't afford it - a claim that some are questioning.

 Owners of multimillion dollar Vancouver homes speak out against tax bump

"I think the whole property value escalation is more of an albatross than a benefit, and have seen it that way because this whole escalation is really pushing us out of our home," said Kent, 71.


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