from BC Housing

Did you know you can receive up to 50% of the cost of renovations from an upcoming new program called the Secondary Suite Incentive Program? Applications will be accepted starting in April of 2024.

Are you eligible?
The following summarizes the key elements of homeowner and property eligibility for the Secondary Suite Incentive Program.

Homeowners
Registered owner(s) of the property
Canadian citizens or permanent residents
Live in the property as their primary home
Combined gross annual income of all homeowners on title of less than $209,420 (in the previous tax year)

Property
Located within one of the 161 incorporated municipalities in British Columbia (yes, Kelowna is on the list!)
Have a BC Assessment value below B.C.’s homeowner grant threshold ($2,125,000 in 2023)

Secondary Suite
A new legal self-contained unit with a kitchen and full bathroom (improvements to existing rental units are not eligible)
Laneway homes/garden suite are eligible
Received municipal building permits on or after April 1, 2023

Get all the details from the BC Housing website.