Homeowner grant has been a political goodie for 60 years

Assessments on Surrey homes rose dramatically, due to a red-hot real estate market in the first part of 2016. Assessments are based on the actual value of homes as of July 1, 2016. It is a rare occasion when the homeowners’ grant becomes a hot political issue, but it was shaping up to do so in the run-up to the May 9 provincial election - until today. The reason is that many Metro Vancouver home owners, including a substantial number in Delta, Surrey and Langley and an even higher percentage in high-demand areas like White Rock, South Surrey, Tsawwassen and Fort Langley, could have lost their homeowner grants due to soaring assessments. In many areas of the South Fraser region, assessments rose close to 40 per cent over the 2016 figures. Some homeowners saw their assessments rise by much higher amounts. On Tuesday morning, the provincial government eased that possibility. (In my own neighbourhood, assessments rose dramatically. Interestingly, on one side of the street, the...