The property-tax situation squeezing Vancouver’s small businesses was identified by city council last year as “urgent,” but the local expert they tapped to help create a solution is now asking whether councillors are willing or able to solve the problem.
In Vancouver, where a commercial property’s assessed value can double every couple of years, some of the busiest and best-loved independent businesses are struggling — and, increasingly, failing — due to the corresponding property-tax hikes which are passed down from commercial landlords to the tenant businesses.
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