National

Increase in Vancouver property tax in 2025

Darpan News Desk The Canadian Press, 10 Dec, 2024 04:50 PM

Vancouver City Council has approved a property tax increase of 2.9 per cent, with an additional one per cent dedicated to renewing critical infrastructure.

A statement from the city says the overall increase of 3.9 per cent is one of the lowest across the region following a 7.5 per cent increase for 2024.

City Council has approved the 2025 budget, including:
🚒 An operating budget totaling $2.34B
🏗️ A capital budget totaling $880M
🏘️ A 3.9% property tax increase

Learn more about the budget and progress made towards Council's strategic priorities: https://t.co/qpYLE9HxVA pic.twitter.com/YdgrwKpfb8
— City of Vancouver (@CityofVancouver) December 10, 2024

Mayor Ken Sim had earlier set a cap of 5.5 per cent for the 2025 increase.

Today, Vancouver City Council approved the 2025 budget, delivering a tax increase of just 2.9%, with an additional 1% dedicated to renewing critical infrastructure such as water and sewer lines.

We're investing in a stronger, safer, and more affordable city without cutting… pic.twitter.com/owtQMeSJmC
— Mayor Ken Sim (@KenSimCity) December 10, 2024

The approval came as part of the city's overall operating budget of 2.34 billion dollars next year.

Prev Next

MORE National ARTICLES

B.C. wildfires holding under 370 with 30 per cent classified as 'out of control'

The Calcite Creek fire in British Columbia's southern Interior is no longer considered a "wildfire of note," leaving three such blazes throughout the province. The BC Wildfire Service says two of those fires are classified as "being held," meaning they're expected to stay within their current or predetermined perimeters.

B.C. wildfires holding under 370 with 30 per cent classified as 'out of control'

Police allege Calgary man ran $1.3M Ponzi scheme centred on purported wine purchases

Police in Calgary have accused a man of running a Ponzi scheme involving purported wine purchases. They say seven complainants have come forward reporting a total of $1.3 million in losses.

Police allege Calgary man ran $1.3M Ponzi scheme centred on purported wine purchases

As hate-crime landscape evolves, a reminder — online behaviour exists in real life

A lawyer with the British Columbia Civil Liberties Association says it's wise to remember that even though charges over offensive social media activity are rare, online posts exist in real life and involve real people. Laws prohibit the willful promotion of hatred or public incitement of hatred against a specific group as well as the promotion of genocide.

As hate-crime landscape evolves, a reminder — online behaviour exists in real life

B.C. landslide 'dramatically' impacts salmon spawn but conditions improve: task force

The Tsilhqot'in National Government says river conditions are "slowly improving" after the massive landslide that temporarily dammed the Chilcotin River last month, but salmon spawning activity is being delayed. An update from the Tsilhqot'in emergency salmon task force says debris and sediment from the slide are "dramatically" impacting sockeye and Chinook salmon spawning runs.

B.C. landslide 'dramatically' impacts salmon spawn but conditions improve: task force

Homicide investigators called in after two women die in balcony fall

Police in North Vancouver say homicide investigators have been called in after two women died from falling off the balcony of an apartment building. RCMP say officers responded to reports that two people who had fallen from the building on Esplanade Avenue in the city's Shipyards area at 4:30 a.m. Tuesday.

Homicide investigators called in after two women die in balcony fall

Eby pledges $300M towards 1,508-bed student housing project at UBC

Premier David Eby says the province and University of British Columbia will partner to create housing for more than 1,500 students at the institution's Vancouver campus. He says funding will involve $300 million from the province and $260 million from the university.