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

Trudeau says G20 leaders' statement on Ukraine is not strong enough

Prime Minister Justin Trudeau said Tuesday the final leaders' statement from the G20 summit in Brazil is not strong enough on the war in Ukraine. He is also expressing some concern about the impact U.S. president-elect Donald Trump's return to the White House will have on global support for Ukraine.

Trudeau says G20 leaders' statement on Ukraine is not strong enough

Inflation rate rises to 2% in October, reducing odds of another jumbo rate cut

Canada's inflation rate climbed back up to two per cent in October, shifting expectations slightly in favour of a quarter-percentage point interest rate cut next month. The report from Statistics Canada on Tuesday said prices in October increased at a faster annual pace in five out of the eight major components of the consumer price index.

Inflation rate rises to 2% in October, reducing odds of another jumbo rate cut

Storm bringing rain and intense winds to Vancouver

Environment Canada said it could bring gusts of 120 km/h to the central and north coasts, with winds of 100 km/h or more elsewhere on the coast and Vancouver Island. It said the winds were expected to peak Tuesday night with severe weather likely to continue into Wednesday.

Storm bringing rain and intense winds to Vancouver

Canada Post, union sit down with mediator, but still ‘far apart’ as strike drags on

Representatives from Canada Post and the postal workers union sat down with a special mediator Monday, but seem no closer to reaching a deal as a countrywide strike enters its fifth day. In a statement, Canada Post said the parties "remain far apart" but that the Crown corporation continues to aim for a deal hammered out at the bargaining table.

Canada Post, union sit down with mediator, but still ‘far apart’ as strike drags on

'Profit ahead of people's lives': Trial begins in freezing deaths of migrant family

A family of four from India froze to death while trying to walk across the Canada-U.S. border in a blizzard because alleged human smugglers cared more about money than the risk of people dying, a prosecutor said Monday. The two men are accused of being part of an operation that brought people from India to Canada then across the border from Manitoba into Minnesota.

'Profit ahead of people's lives': Trial begins in freezing deaths of migrant family

Border agency says changes to hours at 35 land crossings coming in January

The Canada Border Services Agency says it will be adjusting hours at 35 land ports of entry in January -- a move it says will allow it to deploy officers at busier land crossings. Only one crossing in Alberta will be affected -- the facility at Del Bonita -- where hours will be 9 to 5, seven days a week, beginning January 6.