Condominium investors will want to keep an eye on condo rentals in New Westminster.
On March 30, the city won a BC Supreme Court ruling that cements B.C.’s first bylaw that allows retroactive rezoning of condos to rental units in six specific rental buildings. So far approximately 270 ...
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CMHC's Vancouver Rental Market Report for 2018 provides in depth analysis of rental rates, vacancy rates, turnover rates, building types, and much more. This exhaustive report details statistics for bachelor, 1 bedroom, 2 bedroom and 3 plus bedroom homes from Vancouver all the way to Maple Ridge and Langley ...
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The B.C. Residential Tenancy Act was amended on May 17, 2018.
Following are a few highlights reflecting the changes to the Residential Tenancy Act.
If a Landlord is taking over a property or a buyer is going to be occupying it, the notice to tenants is still 2 calendar ...
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CMHC's Vancouver Rental Market Report for 2017 provides in depth analysis of rental rates, vacancy rates, turnover rates, building types, and much more. This exhaustive report details statistics for bachelor, 1 bedroom, 2 bedroom and 3 plus bedroom homes from Vancouver all the way to Maple Ridge and Langley ...
This week, the City of Vancouver will begin a phased approach to mailing out the Empty Home Tax Declarations to applicable Vancouver home owners. This form must be filled out and submitted to the city by February 2, 2018 and according to the city "will have their properties deemed vacant ...
The Fifth Dimension has produced a great report on the multifamily market in Metro Vancouver. They compare presale and recently completed new projects by area and provide some informative insights. Please let us know if you have any questions, thanks. View the report.
If you are a Vancouver home owner with a vacant property, you have until July 1st, 2017 to rent your property to avoid paying the empty home tax. If your home is deemed empty, it will be subject to a tax of 1% of the property’s assessed value unless you ...
View MoreAccording to the 2016 CMHC Greater Vancouver Rental Market Report, overall vacancy rates have decreased to 0.7% and the average rent is $1,223 which is up 6.4%. On average, Vancouver still continues to achieve higher rental rates than outlying areas. View the PDF for all the details ...
Real estate has always been a great way to diversify your investment portfolio. It allows you to increase your equity on a monthly basis as your tenant pays rent, and also provides you with a long term nest egg as your property increases in value.
Here is a great article ...
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Due to low vacancy rates, the City of