With real estate prices and affordable housing a frequent topic of discussion throughout Greater Victoria and the province of British Columbia, here are some tips and resources to help BC’s seniors stay in their homes, find appropriate new housing or connect with available support.

Eight Housing Tips for BC Seniors:

  1. Know the strata laws before you buy:
    Many active aging boomers are downsizing to free-up funds for retirement or travel, or to make life simpler after their children leave home. If you’re considering a strata property, make sure you read and understand the strata minutes and bylaws; particularly on the topics of noise, pets, smoking and parking, which are the most frequent points of concern in most strata communities. People who’ve owned freehold properties for most of their lives may not be accustomed to some of the expectations of strata living so it’s important to make sure you’re comfortable with the rules that will apply to both you and your neighbours before you make a purchase.

  3. Consider deferring your property taxes:
    If you’re over 55, you might qualify to defer all or part of your current year’s property taxes. You’ll be charged interest and the Province will hold a lien on your property, but this might be a viable option if your home has increased substantially in value, as the deferred costs would be settled as part of your estate – or paid back if you sell your home. More information here.

  5. Take advantage of homeowner grants for seniors:
    If you’re over 65 and your property is your principal residence, you may also be eligible for a homeowner grant of up to $845 ($1045 in northern and rural areas) against your property taxes. More information here.

  7. Learn more about funding to adapt your home for safety:
    Adapting your home in small ways can help you stay in your home longer and more safely. There are a number of programs available that might help fund these improvements including Home Adaptations for Independence and the BC Seniors’ Home Renovation Tax Credit.

  9. Funding available for renters over 60:
    BC residents over 60 with low to moderate incomes who rent their homes may be eligible for the Shelter Aid for Elderly Renters (SAFER) program, which provides monthly cash payment to subsidize rent, including homes in the private rental market.

  11. Information for those needing more home support:
    If you or your parent are looking for supportive housing—typically modified rental homes for low-income seniors and people with disabilities—or assisted living housing facilities that offer a range of care services, BC Housing provides more information here.

  13. Consider home swapping to save on property transfer tax:
    Another little-known tip is a provision in the Property Transfer Tax Act that eliminates the requirement for this tax when a principal residence is transferred between related individuals, including a parent and child. This means parents and children could “swap” homes without paying property transfer tax; or, if the parent moves on to supported housing a child could purchase and move into a parent’s home without paying property transfer tax, within specific guidelines outlined here.

  15. Keep your planning documents up-to-date:
    It’s important to remember that whenever your housing situtation changes, it may affect your overall estate planning needs. It’s important to ensure your Will, Power of Attorney and other important documents are up to date. This is particularly important if yours is a blended family as the type of ownership of the home impacts your estate plan.


These tips can add up to substantial savings and peace of mind for baby boomers, seniors and their families.

As a Notary Public, Charmaine L. Van Tine can provide legal services for your real estate transactions and estate planning in British Columbia. She understands the unique needs of downsizing boomers, seniors transitioning to supportive housing, estate sales and clients who want to refinance their mortgage to free-up funds for other priorities.

Charmaine can provide personal assistance services to individuals, families and businesses for a wide range of non-contentious legal matters, including residential and commercial real estate transfers, mortgage refinancing, Wills and advanced healthcare planning, powers of attorney, and other important documents.

If you have questions about your options or your parents’ options, please make an appointment with Charmaine to find out more.