B.C. shuts door on secondary-suite incentive program over ‘uncertain financial times’
Mar 19, 2025 | 1:55 PM
VICTORIA — The British Columbia government says it is cancelling an incentive program meant to entice more homeowners to build secondary suites, saying the decision is “due to uncertain financial times.”
The government says in a statement that the pilot program won’t accept applications after March 31.
It says the federal government’s commitment to implement a similar program was also a factor, and B.C. Housing Minister Ravi Kahlon says they didn’t want to duplicate programs.
Qualified homeowners in the pilot would have received construction costs for a new suite to a maximum of $40,000 in the form of a forgivable loan, while the federal government program, when it’s launched, would allow for low-interest loans of up to $80,000.
