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-   -   Vancouver's Real Estate Market (https://www.revscene.net/forums/674709-vancouvers-real-estate-market.html)

JDMDreams 01-02-2026 11:13 AM

Well that was just due to Mayor and rcmp, two police force dicking around, they brought it upon themselves

supafamous 01-02-2026 11:29 AM

Quote:

Originally Posted by whitev70r (Post 9206430)
Didn't Sim say it will be 0% increase, at least for those in Vancouver. Theoretically, if rates are based on assessed, then Vancouver property owners would be paying less, no?

The 0% increase is to total revenue collected from property taxes so if assessments are down they just increase the mill rate to compensate. The mill rate is the actual tax rate used for property taxes (https://vancouver.ca/home-property-d...sidential.aspx)

When cities say they are increasing taxes by X% they aren't actually saying the tax rate is changing but that they are increasing the amount of taxes collected. It's a really silly way of talking about taxes - it'd be like the federal govt announcing that the GST "rate" has increased by 10% because they collected 10% more in revenue even though the rate has stayed at 5%. Property tax "rates" naturally have to increase each year just based on inflation but after decades of passing the buck on infrastructure they're having to raise it a lot more now to get caught up (eg. Cities should be replacing roughly 1% of their sewers each year but many have been doing a lot less than that and now they're paying for it with big tax increases due to lack of maintenance).

Harvey Specter 01-02-2026 12:36 PM

Quote:

Originally Posted by Great68 (Post 9206350)
Same family, the property belonged to Herb Doman.
Amar Doman is his nephew (Son of Ted Doman, Herb's brother)

I know Amar’s son. He’s active on social media and runs a detailing service for exotic and luxury cars out of West Van. His house is incredible and the garage is even more insane, but credit to his dad for instilling strong work ethic. Despite all the money his dad has, he still puts in the work.

yray 01-02-2026 03:22 PM

my 102 year old house appreciated in building value :lawl:

damm my parents place in richmond dropped 15%

bcrdukes 01-02-2026 03:52 PM

Quote:

Originally Posted by yray (Post 9206462)
damm my parents place in richmond dropped 15%

How did this happen? :confused:

GS8 01-02-2026 04:46 PM

Close to Cowichan border? :troll:

GLOW 01-02-2026 05:42 PM

Quote:

Originally Posted by yray (Post 9206462)
my 102 year old house appreciated in building value :lawl:

damm my parents place in richmond dropped 15%

did you self sabotage and register for heritage status? :troll: KappaPride


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