Province taking over homeowner grants from municipalities

Friday Jan 08th, 2021


This year's grant threshold for B.C. homeowners is set at $1.625 million.

Canada Mortgage and Housing Corp. says the annual pace of housing starts increased in June, boosted by a jump in multi-unit projects. A condo building is seen under construction surrounded by houses as condo towers are seen in the distance in Vancouver on Friday, March 30, 2018. THE CANADIAN PRESS/Darryl Dyck ORG XMIT: CPT103The provincial government is taking over administration of the homeowner grants from municipalities, and announced Tuesday that this year’s grant threshold is set at $1.625 million.

The province already administers the grant for rural homeowners. Homeowners in all municipalities will now submit their applications directly to the B.C. government instead of through their municipal office.

As in previous years, applications will open in May when a majority of property tax notices are received.

The B.C. Finance Ministry is reminding homeowners to keep their property assessment notice or property tax notice from their municipality because they will need their roll and jurisdiction number to apply for the grant.

The grant is reduced by $5 for every $1,000 of assessed value above the threshold. Some low-income seniors, veterans and people with disabilities can also apply for a supplement that replaces any grant amount they lose due to the value of their home being over the threshold.

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