Are commercial landlords paying their fair share?
As residential property owners across Metro Vancouver face mounting tax increases this year, some are protesting that some owners of large commercial properties may not be paying their fair share of taxes.
In Squamish, the Garibaldi Village Shopping Centre on Glenalder Place was assessed at $11.68-million in 2021. It sold the next year for $22.5-million. It was then assessed that year for $13.346-million and in 2023 for $15.935-million. In 2024 it was assessed at a little less; at $15.529-million. For 2025, the assessed value is $17.38-million.
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