Real Estate Advisor with Engel & Völkers Dundarave, West Vancouver, Canada

Breaking News: BC Government Raises Homeowner Grant Threshold to $1.6M

cmhc risky markets 20160427

The government of B.C. has increased its homeowner grant threshold from $1.2 million to $1.6 million — a 33 per cent increase. The province says the increase will ensure that most homeowners who received the grant in 2016 will qualify for it again in 2017. The government expects to spend $821 million on homeowner grants in 2017-18, compared to $809 million in 2016-17, according to a release from the province. According to the release, 91 per cent of B.C. homes will remain below the new threshold despite recent steep increases in values from B.C. Assessment. The province says 83 per cent of Metro Vancouver homes are below the new threshold. Read More ....

CBC News Posted: Jan 10, 2017 6:36 AM PT Last Updated: Jan 10, 2017 10:53 AM PT


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