2022 R20 – Increase to the BC Home Owners Grant

Whereas exponential increases in home ownership costs have resulted in financial hardship and contributed to unprecedented levels of homelessness;

And whereas the BC Home Owner Grant Act supports home ownership by offsetting a modest amount of annual property taxes for BC residents:

Therefore be it resolved that UBCM request the Province of British Columbia to increase eligible home owner grants by $300, and establish a method in which eligible home owner grant amounts are annually adjusted to account for inflation.