For buildings managed by BC Housing, in order to be eligible your household assets must be less than $100,000. BC Housing’s asset policy has been developed to benefit those in greatest need and to prevent people from having to deplete all of their resources.

Individual non-profit or co-operative housing providers may elect to apply an asset ceiling.

Assets that are included for valuation are:

Stocks, bonds, term deposits, mutual funds and cash.
Real estate equity, net of debt.
Business equity in a private incorporated company including cash, GICs, bonds, stocks or real estate equity.

Assets that are excluded from valuation include:

Personal affects such as vehicles, jewellery and furniture.
Bursaries or scholarships from educational institutions for any household member that is a current student.
Registered Education Savings Plans (RESPs) and Registered Retirement Saving Plans (RRSPs), which were formerly considered for valuation, are now excluded to preserve the intent of these investments.
Trade and business tools essential to continue currently active employment, such as farm equipment, specialized tools and vehicles.
Assets derived from compensatory packages from government, for example Indian Residential School Settlements and Japanese Canadian Redress.

Click here for the next eligibility criteria.