Today, the BC Provincial government announced an increase to the threshold where homeowners would still be eligible for the Homeowner’s Grant. The threshold is now $1.15 million in value. Previously, it was $1.05 million.
The basic grant remains at $570 for all that own and live in a property now valued up to a maximum of $1.15 million based on the BC Assessment value. Seniors, permanently disabled and eligible war veterans receive an additional $275 grant.
For all the detailed info you can read it here.