Vancouver Island Property Taxes

by Jason Anson

Vancouver Island has some of the highest property taxes in British Columbia. Many people who live on the island say that they are struggling to keep up with the high cost of living. The average homeowner on Vancouver Island pays $3,890 in property taxes each year. This is more than double the provincial average of $1,832. Some people have suggested that the province should provide relief for Vancouver Island homeowners. Others say that the high cost of living is just a part of life on the island.

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Market conditions change quickly and what looks like a sellers’ market today may balance out in the months ahead. If you are planning to sell your home or purchase a property, having the right data and strategy at the right time is key.

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You have reached the end of this article, but the story of Vancouver Island real estate does not stop here. I have lived on the island for more than 30 years and have seen how communities grow, shift, and adapt to changing demand. In my professional work I focus on proving actual market value with market movement data, helping both buyers and sellers understand where they fit in today’s market. Use these guides to explore regional areas and continue learning how housing, lifestyle, and community trends connect across the island at Living on Vancouver Island.