The British Columbia government is boosting the homeowner grant threshold to $2.125 million for this year as average property values increase by 12 per cent.
The basic grant for those who live in their homes in Metro Vancouver, the Fraser Valley and Capital Regional District is $570 and as much as $845 for those over 65, who are veterans or who have a disability. BC Assessment says in a statement the valuations released Tuesday show estimates from last July, when the total value of real estate assessed in the province reached $2.27 trillion.
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