Trish Anderson

B.C. eases eligibility for homeowner grant

Times Colonist (Victoria) Wed 21 Feb 2007

 

Seniors rich in property but low on incomes are getting a break from the province to help keep them at home. This move, along with others announced in B.C.'s budget, tackles the issue of the erosion of affordable housing for home buyers and homeowners, said Cameron Muir, chief economist with the B.C. Real Estate Association. Seniors on fixed incomes with homes assessed at $950,000 or more will now be able to receive the full homeowner grant. "It allows them to age in place," Muir said. The criteria for low-income levels

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The United States, Canada and all other modern industrial economies experience significant swings in economic activity. In some years most industries are booming and unemployment is low; in other years most industries are operating well below capacity and unemployment is high. Periods of economic expansion are typically called booms; periods of economic decline are called recessions or depressions. The combination of booms and recessions, the ebb and flow of economic activity, is called the economic cycle.

Of all the industries contained in the economic basket of goods and services, Real Estate is the one that is particularly susceptible to the