New Duplex - Available Fall 2025. Port Coquitlam, BC

BUILDING TOMORROW, TOGETHER

At Prisma Living, we envision a future where our homes stand as testaments to innovation, sustainability, and enduring quality. Our commitment is to shape skylines and communities by consistently delivering projects that exceed expectations. Through our vision, we aim to contribute not just to the built environment but also to the social and economic fabric of the communities we serve. As we forge ahead, we see a future where Prisma Living is synonymous with excellence, sustainability, and positive community impact. Together, we are building a future that transcends bricks and mortar—a future that embodies progress, embraces innovation, and leaves a lasting legacy for generations to come.

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New Duplex Available Fall 2025

Port Coquitlam, BC

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Frequently Asked Questions

For full information please go to  “StrongerBC“

The Secondary Suite Incentive Program will provide loans to eligible homeowners for renovations to their existing primary residence for the purpose of creating a new rental suite.

  • Homeowners should meet the following criteria:
    • They must be registered owners of the property;
    • They must be Canadian citizens or permanent residents;
    • They must be living in/on the property as their primary home;
    • They must be having a combined homeowner income not exceeding the 80th income percentile for couples with children in B.C., as determined by BC Housing. This will be set annually;
    • They must have equity in the property that can be leveraged as security for the forgivable loan as a registered mortgage;
    • They must agree to rent the secondary suite at below market rates for at least five years.
       
  • The property must meet the following criteria:
    • It must be an existing single-family home, duplex, or other housing, as permitted by the BC Building Code;
    • It must be located in an eligible incorporated municipality;
    • It must have a value below the BC Home Owner Grant threshold ($2.125 million for 2023). This will be set annually.
       
  • The secondary-suite project must meet the following criteria:
    • It must have obtained all required permits;
    • It must comply with local ordinances related to secondary suites;
    • The completed suite must include self-contained kitchen and full bathroom facilities (including a shower or bath) that are not shared with other units on the property;  
    • Projects to add a third suite to properties with an existing secondary suite may be eligible, provided they comply with all other program eligibility criteria;
    • The secondary suite cannot be rented out by the homeowner to an immediate family member.
       
  • Types of properties that are not eligible for the program:
    • Renovations to recreational properties;
    • Renovations to create suites in properties for the purpose of creating an investment property or to augment an existing investment property are ineligible;
      • For this reason, forgivable loan recipients are required to provide documentation that confirms owner-occupancy as part of the application process and annually during the forgiveness period.
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