Episode Details

Calgarys annual public auction of properties with unpaid taxes is approaching, with 142 spots on the reserve bid list, including high-value properties like a Symons Valley parcel with a $4 million reserve and a Crescent Heights home worth over $2.35 million. The auction, required by provincial law, starts April 23rd, with properties ranging from parking stalls to commercial buildings. Historically, few properties sell, as the city works closely with struggling owners to avoid auction. Buyers pay one-third upfront, with net proceeds going to a tax account where former owners can claim them within ten years.

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