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Vancouver City Council has passed a 2% tax shift from commercial to residential after significant advocacy from Vancouver's BIA's and other experts.
In a time when commercial properties are facing drastic increases in assessments and massive tax increases, this tax relief is much needed. "Business Improvement Associations made their case to council Monday, with the West Broadway BIA telling councillors that it had seen 75 businesses close since 2015 — many citing rising tax bills." Read more here: https://globalnews.ca/news/5219084/vancouver-property-tax-shift/https://globalnews.ca/news/5219084/vancouver-property-tax-shift/
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