British Columbia lowered its 2026 homeowner grant threshold to $2.075M due to falling home values, with up to $570 in aid available.

British Columbia has lowered the 2026 homeowner grant threshold to $2.075 million, the first decrease since 2020, as property values in the Lower Mainland, particularly in Metro Vancouver, have fallen by up to 10%. According to BC Assessment, the change reflects a cooling housing market, as total assessed values have fallen to $1.92 trillion. Homeowners in major regions could receive up to $570, with additional funds available for seniors, veterans, and people with disabilities. Properties above the threshold may still be eligible for partial grants, and applications must be submitted by the tax due date to avoid penalties.