Subsidized Housing | BC Housing

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If you live in BC, have a low income and meet eligibility criteria, you may qualify for subsidized housing.

Program overview

Subsidized housing is long-term housing for people who permanently reside in British Columbia. Rental fees are calculated on a rent geared to income basis (30% of household total gross income, subject to minimum rent based on # of people).

You may be eligible for subsidized housing if you can live independently and meet the household, residency, income and assets criteria.

See our Glossary for help with definitions.

d) Your assets may be subject to certain requirements

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.
• Registered Education Savings Plans (RESPs), Registered Retirement Saving Plans (RRSPs), and Registered Disability Savings Plans (RDSPs.) 
•  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.