2021 Home Owner Grant Announced

Jan. 5, 2021 | Market Update | By The Rossetti Team

The 2021 Home Owner Grant has been announced setting this year's threshold at $1,625,000. (This is up from last year's $1,525,000.) "The grant is reduced by $5 for each $1,000 of assessed value over $1,625,000."

To see if your home's assessed value came in under the threshold search here >>

To qualify, you must also be 1) the registered owner of the residence, 2) a Canadian citizen or permanent resident of Canada living in BC, and 3) occupy the residence as your principal residence. In addition to this, seniors (65 and over) and people with disabilities may also apply for a grant. 

What do you save? The basic grant is $570 (for Capital Regional District, Metro Vancouver Regional District and the Fraser Valley Regional District), $770 for all other areas, and $845 for owners 65 years or older or those with a disability (or live with a spouse or relative with a disability).

For full details about available grants, criteria to qualify, and how to apply visit the Government's website here.