In a way, I'd likd to claim responsibility for this story. I discovered this section of the Act by accident several years ago when carrying out an assessment appeal for a Cambie Corridor project. I couldn't understand why the two lots adjacent to the Savoy project had significantly different assessed prices. I subsequently told everyone I knew about the section of the act that allows certain properties to be assessed below market value.
This year I did a couple of interviews about it, and wrote a blog. I mentioned it to Douglas Todd at Vancouver Sun who in turn mentioned it to Derrick Penner. While the November 30, 2024 deadline to make application has passed, there is still an opportunity to seek relief next year. It's just a more convoluted process. Here's Derrick Penner's story that appeared on line today.
