Ontario Tax Sale Property Forum

Tax Sale Forum => General => Topic started by: Jayz on December 09, 2021, 03:41:04 PM

Title: I always thought BC had one year redemption period ...
Post by: Jayz on December 09, 2021, 03:41:04 PM

B.C. woman loses home, $270K in equity over $10K unpaid tax bill; ombudsperson calls for change
https://bc.ctvnews.ca/b-c-woman-loses-home-270k-in-equity-over-10k-unpaid-tax-bill-ombudsperson-calls-for-change-1.5699326 (https://bc.ctvnews.ca/b-c-woman-loses-home-270k-in-equity-over-10k-unpaid-tax-bill-ombudsperson-calls-for-change-1.5699326)

Does it not?

Title: Re: I always thought BC had one year redemption period ...
Post by: dm1974 on December 09, 2021, 06:13:52 PM

The bigger worry out of that report is the recommendation that Tax Sales list the minimum bid as the actual value (or assessed value I would assume) instead of the taxes owed.  That would pretty much kill the tax sale game.

Title: Re: Re: I always thought BC had one year redemption period ...
Post by: mountainman on December 10, 2021, 08:54:29 PM

Quote from: dm1974 on December 09, 2021, 06:13:52 PM

The bigger worry out of that report is the recommendation that Tax Sales list the minimum bid as the actual value (or assessed value I would assume) instead of the taxes owed.  That would pretty much kill the tax sale game.

I am Mountainman

Alas, I grow weary and old

soon no properties will be sold,

The municipalities will take a big hit

and have a royal S%^t.

For I am Mountainman