Home Owner Grant threshold lowered: eligible properties must be assessed at $2,075,000 or less

Plain-language summary · AI-assisted · not legal advice

The assessed value threshold used to determine eligibility for the Home Owner Grant has been reduced from $2,175,000 to $2,075,000. Homeowners whose property is assessed above $2,075,000 will no longer qualify for the grant. Those near this value should check their current BC Assessment notice to determine whether they remain eligible. No other aspects of the grant program appear to have changed.

Who this affects: BC homeowners applying for the Home Owner Grant · homeowners with high-value residential properties · property owners near the new assessed value threshold