Pitt Meadows says property tax deferment program now a ‘high-cost loan’

Pitt Meadows says property tax deferment program now a ‘high-cost loan’

Pitt Meadows city council is complaining the province is making property tax deferrals too expensive for cash poor homeowners. A letter from the city to Finance Minister Brenda Bailey expresses “significant concerns” about the Property Tax Deferment Program, and asks “how the province plans to mitigate the impact of these changes on our community’s most vulnerable residents.” The tax concession allowed seniors with limited income to stay in thei…