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Vancouver Hotel Site Value Soars to $18.9 Million

6/13/2025

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Summary

Story summary

Retired architect Michael Geller triumphed in his appeal, dramatically increasing the assessed value of the former Dunsmuir Hotel site in Vancouver from $6.4 million to a staggering $18.9 million. This adjustment will hit developer Holborn Properties with an additional $130,000 in property taxes, as experts caution that B.C. is grappling with substantial tax revenue losses from pervasive underassessments.

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Story summary

Retired architect Michael Geller triumphed in his appeal, dramatically increasing the assessed value of the former Dunsmuir Hotel site in Vancouver from $6.4 million to a staggering $18.9 million. This adjustment will hit developer Holborn Properties with an additional $130,000 in property taxes, as experts caution that B.C. is grappling with substantial tax revenue losses from pervasive underassessments.