The Mayor of Abbotsford has sold a property in the city he held through a corporation after the assessed value of the property shot up nine-fold in a year due to a change of property use classification.
HGE Investments Ltd. sold the property at 3044 Pratt Street on Jan 28, 2021 for $1.9 million after the assessed value of the property went up from $373,070 in 2020 to $3,263,000 in 2021.
The directors of HGE Investment Ltd are Abbotsford Mayor Henry Braun, Erwin Braun, and George Braun.
We reached out to the City of Abbotsford for an explanation last week, but have received no response so far.
A land deal involving the mayor and his son Darren, who also happens to be Abbotsford’s director of development planning, raised eyebrows during the 2018 municipal elections in the city1.
We need your support
Please consider becoming an OpenHousing subscriber to support our transparency research.
Property Assessment_Tax_Utility Report