Aug
02
Vancouver’s Homes May Be Costly to Buy, But They’re Cheap to Own
By-
City has the lowest property-tax rate in Canada and the U.S.
- Light carrying costs make Vancouver attractive for speculation
Got a million dollars to plow into real estate? Vancouver’s a great place to park it, thanks to a property-tax rate that’s the lowest in both Canada and the U.S.
The owner of a C$1 million ($770,000) home in the Pacific Coast city will pay just C$2,468 a year in property tax, compared with C$6,355 in Toronto or more than C$10,000 in Ottawa, according to a new study by real estate website Zoocasa that looked at rates in 25 major Canadian markets…
Vancouver’s Homes May Be Costly to Buy, But They’re Cheap to Own
