Vancouver Tax Sale properties 2017

Vancouver Tax Sale properties 2017

Auction of “tax sale” properties in Vancouver-BC

City of Vancouver hold an auction each November called the “tax sale”. At the tax sale, properties with three years of unpaid property taxes are offered for sale by auction.

Image

The current owners or registered charge holders of these properties have one year after the tax sale to redeem the property from the tax sale process. “Redeeming” is how the original owner makes a payment to rescue their property from the tax sale process.

Once a property is redeemed, City of Vancouver will refund all the money paid by the bidder, plus interest to the date of redemption, back to the bidder.

If the property is not redeemed, the process of transferring the property’s ownership to the new owner starts.

The next tax sale is on November 8, 2017
The 2017 tax sale list of properties will be available on November 1, 2017 at 5:00pm.

DISCLAIMER

We believe the information contained in this article to be accurate.
It is presented with the understanding that we are not engaged in rendering legal,
accounting, or investment advice. When professional assistance is required,
utilize the services of a licensed real estate broker, lawyer, accountant,
or other consultant as may be required.

Image

Be Sociable, Share!