Vancouver's Million Homes Hurting Seniors

As property prices on the East Coast and in Vancouver, British Columbia hit all time highs most home owners are happy with the increase as they envision their profits at the time of selling their home.

For many seniors however, looking to stay in their home, rising home prices means higher property taxes and these can sometimes hit hard with those with a fixed income. 

The Ottawa Citizen reported on an elderly couple who in 1972 bought their bungalow for $40,000. Their home is now worth 4 million dollars and their property taxes have now gone up by $2,000. 

If you are in a similar position and are looking to make your dollar go further perhaps a move to the Nation's Capital is something you would be interested in. Call Roch St-Georges to discuss your real estate needs. 613-889-7732