Changes to B.C.’s property tax deferral program

You may not be able to take advantage of this program the way you could before. Trevor Parkhouse explains what’s changed and what it could mean for you. The biggest impact? The cost of deferring your property taxes will likely be much higher than in the past, as the new rules bring interest rates more in line with traditional lending rates. These new rates apply to property taxes deferred starting in 2026 and onward. So, is deferring still worth it? In many cases, it may no longer be the most efficient option. Tune in to learn what this means for homeowners and whether this strategy still makes sense for you.