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