New Homeowner Costs and Auto Insurance Coverage on the Horizon
Each month Spraggs Law publishes Vancouver Legal News, a curated selection of articles about legal issues being discussed in the news. This month we start off with upcoming changes that will affect how much Vancouverites pay in property taxes, auto insurance, and more.
Property Owners and Tenants in Vancouver Hit With Higher Costs
The Introduction of Road Tolls and Mandatory Parking Permits
In a move that will affect property owners and renters alike, Vancouver City Council plans the roll-out of both road tolls and mandatory paid parking permits. The permits will be required on all residential streets throughout Vancouver, with fees rolled out in phases, based on each automobile’s specifics, including vehicle age and emissions, etc.
Empty Home Tax Increases
Vancouver City Council bumped the empty homes tax up to 3% for 2021, tripling the tax from what it was when first introduced in 2017.
Property Tax Increases
Vancouver homeowners will be subject to a 5% increase in property taxes in 2021; here’s what Vancouver’s residential and commercial property owners can expect to pay in the New Year.
New Things in the Works at ICBC
ICBC’s New Auto Coverage
New things in the works at ICBC in 2021: ICBC is planning on introducing their new “Enhanced Care” coverage next spring, touting that it will make basic auto insurance more affordable for BC drivers.
Canadian Medical Law Updates
New Protection for Canadians
Canada’s first vaccine injury compensation program came into effect on December 10th, 2020, offering Canadians a means of recourse should they suffer serious, albeit rare, vaccine side effects.
What Do You Think?
What do you think about these updates affecting Vancouver tenants and landlords, and Canadian vaccine recipients? If you have any questions about landlord & tenant issues or personal injury law for the team at Spraggs, we’d love to hear from you. Contact one of our lawyers in Vancouver today.
Please note: This article does not contain legal advice. If you would like advice on your specific situation, please contact Spraggs Law.
Tags: Vancouver Legal News