This Vancouver housing co-op is facing a $1M tax if it wants to renew its lease for more than 30 years | Unpublished
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Source Feed: CBC News - Canada
Publication Date: May 15, 2025 - 19:20

This Vancouver housing co-op is facing a $1M tax if it wants to renew its lease for more than 30 years

May 15, 2025
Right now, rent at the co-op goes up about three per cent annually to build up reserves for maintenance. To accommodate the property transfer tax, it would have to go up at least seven per cent for several years. 


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