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A comment on Chinese Buy One-Third of Vancouver Homes: National Bank Estimate. Parent comment
The owner -- possibly not even living there -- is only paying $1245 a year in property tax, or a rate of 0.06%.
If you buy and move in you'll be paying 25x that.
YEAR PROPERTY TAXES CHANGE TAX ASSESSMENT CHANGE 2015 $1,245 -- $52,629 +2.0% 2014 $1,245 +44.8% $51,599 +0.5% 2013 $860 +14.0% $51,367 +2.0%
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The owner -- possibly not even living there -- is only paying $1245 a year in property tax, or a rate of 0.06%.
If you buy and move in you'll be paying 25x that.