Year
2004
Number
A9
Sponsor(s)
Maple Ridge
BE IT RESOLVED that the provincial government consider indexing the value limit of the Home Owner Grant each year consistent with the average residential property market value increase experienced in the Province of British Columbia.
Provincial Response
MINISTRY OF FINANCE Each year the Minister of Finance reviews the Home Owner Grant threshold as part of the budget process. In 2004, the value threshold was increased to 585,000 from 525,000 so that approximately the same proportion of homes fell below the threshold in 2004 as in 2003. The threshold will be reviewed again prior to the preparation of the 2005 Budget.
Convention Decision
Endorsed as Amended