Homeowners in B.C.’s most populous city will be paying higher property taxes in the coming year. The City of Vancouver approved Tuesday an operating budget of $1.6 billion for 2021, which includes a five per cent property tax hike. Council had been asked to consider hikes of three per cent, 4.3 per cent and five per cent. The lower increases would mean fewer city services and projects, and the lowest would mean layoffs, those behind the report suggested. Councillors opted for the highest hike, which will account for a half per cent property tax change going from non-residential to residential buildings.