Rent

Jubilee Place is owned, operated and managed by a not-for-profit society, the Trail Elderly Citizens Housing Society (TECHS), which usually has about 3-5 volunteer (unpaid) directors.  The society maintains an operating agreement with BC Housing.  Housing priorities are for seniors (65+), and if there are unfilled vacancies, applicants aged 55-years and above may apply.  The Society manages a wait-list.

The rent for tenants is established following guidelines provided by BC Housing.  Jubilee Place offers tenancy for seniors on one of two bases:  Rent-Geared-to-Income (RGI) or Market Rent (MR).  

In general for RGI tenants, their monthly rent, aka Tenant Rent Contribution (TRC) is 30% of one's gross monthly income as long as one's gross household income is below the Housing Income Limit (HIL) published by BC Housing for Trail ($27,000 / year for 2023).  Further, to be eligible for RGI tenancy, household assets must be less than $100,000 , A tenant's rent may be subject to adjustment based on one's assets (see the Declaration of Income and Assets link below).  RGI tenants are required to participate  in an annual review of their income and assets.

Market Rent (MR) tenants are persons whose gross household income is above the Housing Income Limit established by BC Housing for Trail ($27,000 / year for 2023) and less than the periodically established Low & Moderate Income Limits ($84,890/ year for 2024).  Their rent is set at the low-end of market rent, which is assessed periodically by soliciting the assistance of local experts in the Real Estate sector.  As of 2025, the Market Rent for Jubilee Place is $950/month† .  Market Rent tenants will be subject to an income and assets review only once, at the time of seeking tenancy.  Following TECHS' operating agreement with BC Housing, as many as all of the 35 apartments may be available for market rent tenants. Further, and following the agreement, TECHS will increase the tenant's Rent Contribution by the amount permitted under the BC Residential Tenancy Act, up to the Affordable Market Rent (aka Low & Moderate Income Limit).
† Recognizing that co-tenants add to the cost of operating the facility, a co-tenant premium will be applied to the tenant rent contribution.

Terms and References

1. Housing Income Limits (HILs) represent the maximum gross household income for eligibility in many affordable housing programs.  The HILs are based on figures established by the Canadian Mortgage and Housing Corporation CMHC and are intended to reflect the minimum income required to afford appropriate accommodation in the private market. 

2. BC Housing Declaration of Income and Assets Form

3. BC Housing Proof of Income and Assets Guide

4. BC Housing -Subsidized Housing (RGI $100,000 asset limit)

5. BC Housing Glossary.  Includes terms like Low & Moderate Income Limits

6. BC Housing Rent Calculation Guide

7. Rights and Responsibilities of Co-Tenants