CRD municipal budget cuts need to freeze property tax increase in 2026: Chamber CEO
Economic growth starts with tax restraint
Greater Victoria Chamber of Commerce’s new CEO John Wilson is calling on all 13 municipalities in the Capital Regional District (CRD) to hold the line on property tax increases in 2026.
This follows Vancouver Mayor Ken Sim’s proposed property tax freeze in his final budget before next year’s election.
“As local governments across B.C. begin their budget processes this fall, they have an opportunity to demonstrate that they truly support local economic growth. That support starts with restraint,” says Wilson.
“The past five years have buffeted society with wave after wave of challenges: Ongoing disruptions to Canada’s trading relationship with the U.S. continue to cause economic uncertainty. But these broader issues make it even more important for municipalities to stay focused on their core responsibilities. Local governments don’t help anyone by spending beyond their means.”
Property taxes are not paid by property owners alone. Any increase ultimately leads to higher rents and higher costs for the goods and services businesses provide. That’s a burden every resident feels, says Wilson.
DIG DEEPER
Municipalities must focus on needs not wants this budget season, Business Examiner, Oct. 28, 2025.
Victoria chamber CEO calls on CRD municipalities for budget cuts to reach 0% property tax increase, CHEK News, Oct. 29, 2025.
Taxpayers report warns that B.C.’s debt is exploding, Canadian Taxpayers Federation (BC), Oct. 29, 2025.