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 will decide if they are going to apply an asset ceiling and the maximum allowable assets may vary by provider.
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 effects such as vehicles, jewellery and furniture.
Bursaries or scholarships from educational institutions for any household member that is a current student.