Investing

April 7, 2021

BC Court Ruling Concerns New Westminster Developers and Investors

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 ...

View More
Posted in Investing, News
Dec. 18, 2018

Vancouver Rental Market Report for 2018

Greater Vancouver Rental Market Report for 2018

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 ...

View More
Posted in Investing
May 24, 2018

B.C. Residential Tenancy Act Amendments

B.C. Residential Tenancy Act Amendments May 2018The 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 ...

View More
Posted in Investing, News
Feb. 8, 2018

Vancouver Rental Market Report 2017

Greater Vancouver Rental Market Report for 2017CMHC'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 ...

View More
Posted in Investing
Nov. 14, 2017

Vancouver Empty Home Tax Declarations Being Mailed to Owners

Vancouver Empty Home Tax DeclarationsThis 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 ...

View More
Posted in Investing, News, Owning
June 14, 2017

Analysis of Presale Versus Resale Multifamily Homes in Metro Vancouver

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.

May 17, 2017

Vancouver Empty Home Tax

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 More
Posted in Investing, News, Owning
Dec. 12, 2016

Greater Vancouver Rental Market Report 2016

According 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 ...

View More
Posted in Investing
Nov. 19, 2016

Is Real Estate Still a Good Investment?

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 ...

View More
Posted in Investing
Nov. 15, 2016

Vancouver's Empty Home Tax

Due to low vacancy rates, the City of Vancouver is considering implementing a 1% Tax on Empty Homes to encourage owners to rent out their vacant property. The city is scheduled to listen to the recommendations this morning and vote on it asap.  If approved, the tax will come into ...

View More
Posted in Investing, News