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. shifts ambulance staffing for rural communities in bid to boost emergency care

British Columbia is shifting its ambulance paramedics staffing model for 60 rural and remote communities in what Health Minister Adrian Dix says is an "unprecedented" investment in emergency health care. Dix says three new staffing models for paramedics would increase the number of on-duty ambulance workers during nights and other off-peak times.

B.C. shifts ambulance staffing for rural communities in bid to boost emergency care

Feds, mayors don't want to 'slow things down' after premiers criticize housing deals

Federal Housing Minister Sean Fraser, who has been travelling across Canada to highlight such agreements made directly with cities, says he was also surprised by the backlash — but is not planning to back down.

Feds, mayors don't want to 'slow things down' after premiers criticize housing deals

Gaza evacuees in Canada will need mental-health, housing supports: refugee council

The slow trickle of people allowed through the highly controlled Rafah border crossing out of Gaza has so far included 107 peopleon Canada's list of anticipated evacuees, and they are only allowed to remain in Egypt for 72 hours. The list includes Canadian citizens and permanent residents, as well as eligible family members who don't have immigration status in Canada.

Gaza evacuees in Canada will need mental-health, housing supports: refugee council

Gaza bombardment overnight hits close to hospital

The general director of Gaza City's main hospital says scores of wounded people are being treated at the Al-Shifa Hospital following overnight Israeli strikes and shelling.

Gaza bombardment overnight hits close to hospital

Eby says deputy leader fired by BC Greens made 'reprehensible' attack on Bonnie Henry

Premier David Eby says social media behaviour that got the BC Green Party's deputy leader fired represents a "reprehensible" attack on provincial health officer Dr. Bonnie Henry. Dr. Sanjiv Gandhi has also resigned as a Green candidate in the 2024 provincial election after liking a social media post that compared Henry to Josef Mengele, an infamous Nazi doctor who experimented on concentration camp victims during the Second World War.

Eby says deputy leader fired by BC Greens made 'reprehensible' attack on Bonnie Henry

32 more Canadians have left Gaza Strip for Egypt, Global Affairs Canada says

Global Affairs Canada says 32 more Canadians were able to leave the Gaza Strip for Egypt on Thursday after a key border crossing reopened. The department says there had originally been 40 Canadian names on the list of people approved to leave through the border crossing at Rafah, but precisely what changed wasn't immediately clear.