Is the Most Affordable Real Estate Investment in Metro Vancouver also the Most Profitable?

07 Feb

I would describe myself as a sceptical investor. It usually takes a lot of research before I am convinced. Surrey real estate convinced me. Surrey properties are currently the most affordable real estate investment in Metro Vancouver. We have been looking after a number of properties in Surrey and the prospect of owning a brand new condo in Metro Vancouver…

How a Tenancy Ends

06 Apr

It is possible to end a tenancy without complication as long as all of the RTB processes are understood and followed correctly. The following explanations will provide more information about the forms that are used in the process of ending a tenancy. FIXED TERMS There are several important things to be aware of in relation to the ending of fixed…

5 Tech Tools That Make a Landlord’s Life Easier

02 Apr

Nobody ever said becoming a landlord was easy, thats why we outlined below 5 tech tools for Landlords. Of course, the likelihood of passive income from property ownership appeals to many people. However, property management is not a passive activity. Aside from collecting rent regularly, you must also manage property repairs, vacancies, disputes, and emergencies. So something that will make…

VANCOUVER REAL ESTATE MARKET RENTAL REPORT – MARCH 2021

02 Apr

In March, Metro Vancouver experienced unprecedented levels of home buyer and seller activity. Let’s go over the Real Estate Market Rental Report of March. According to the Real Estate Board of Greater Vancouver (REBGV), residential home sales in the area totaled 5,708 in March 2021, a 126.1 percent improvement over the 2,524 sales reported in March 2020 and a 53.2%…

During TENANCY

23 Mar

Serving Notices To Tenants Once you have found a tenant and a lease is signed for your property, you’ll need to know both your and your tenants’ rights. At some point, you will have to provide documentation to your tenants During tenancy. You may even have to take legal action. Proper documentation is important when starting any tenant/landlord relationship. Maintaining…

Beginning a Tenancy

17 Mar

After a tenant has been chosen it is important that both of you communicate clearly to ensure that you and the tenant understand both your rights and your responsibilities and are therefore fully protected in the case of something going wrong. If something does go wrong, having this initial paperwork helps to ensure that the problem can be resolved. This…

SELECTING THE RIGHT TENANT – BEFORE TENANCY

09 Mar

Making sure that you have a water-tight selection process for potential tenants is essential for any landlord. While parts of the process may vary from person to person, there are some elements of the selection process that every landlord needs to consider. These include; Applications PIPA The Human Rights Code Credit Checks References Tenant Application A fundamental part of finding…

Vancouver Real Estate Market Rental( February)/Sales report.

06 Mar

Intense competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver’s housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residentialhomesales in the region totalled3,727inFebruary 2021, a73.3per centincreasefrom the2,150sales recorded inFebruary 2020, anda56per centincreasefrom the2,389homes sold inJanuary 2021. Last month’s sales were42.8percent above the 10-yearFebruarysales average. “Metro Vancouver’s housing market is experiencing seller’s…

Formative Legislative Changes To Prevent Illegal Renovictions & Extend the Rent Increase Freeze

05 Mar

The landlord-tenant relationship can often be abused if proper legislative rules are not passed and practiced and this has been a common theme and motivator behind tenancy disputes that make news headlines. In one especially offsetting scenario, loopholes in the laws give less scrupulous landlords a certain edge of exercising their power through illegal renoviction and geographic rent hikes. Tenants…

Optimizing Communication Between Tenants & Landlords – Permitting Emailed Document

03 Mar

An email has become the common and quintessential method by which parties communicate and share information. The current amendment to regulations comes at the behest of a recommendation from the Rental Housing Task Force, who had sought input from landlords and tenants, and fielded suggestions to recognize email as an acceptable form for notification Coming into effect on March 1,…

Why is Burquitlam Red hot for real estate?

02 Mar

Burquitlam is a neighborhood located on the boundary of Coquitlam and Burnaby, and its exponential growth has been underpinned by the development of the Evergreen Skytrain line. It’s easy to access to Hwy 1 makes it a natural selection for homeowners looking for a bigger return on their investment dollar. As the community and general public manage the covid situation,…

January 2021 Vancouver Real Estate Market Report

06 Feb

The Vancouver real estate market is growing according to the sales prediction made by the R.E. Association The Real Estate Board of Greater Vancouver (REBGV) reports that residentialhomesales in the region totalled 2,389inJanuary 2021, a52.1% increasefrom the1,571sales recorded inJanuary 2020 anda22.76per centdecreasefrom the3,128homes sold inDecember 2020. The B.C. Real Estate Association has just forecast sales for 2021 that are the…

Skiing in Whistler – What You Should Know

31 Jan

Famed for its epic terrain, Whistler is the go-to ski destination in North America. It’s one of those bucket-list places that you’ll want to visit again after experiencing all it has to offer. With Whistler Blackcomb being the largest ski resort in North America, and consistently ranking as number one, it attracts millions of visitors each year. Its over 200…

5 Tips for Collecting a Security Deposit from Renters

29 Jan

1. Collecting a Security Deposit: Ensure that the Security Deposit is Part of the Rental Agreement Whether you own a large apartment building or a small duplex, make sure that you have a boilerplate rental agreement. Having a standard format with standard requirements will make any negotiation you may have with a potential tenant easier to manage and more quickly…

August 2020 Vancouver Real Estate Market Report

02 Sep

Vancouver’s Real Estate market continues to show up despite Covid pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports(housing market report) that residentialhomesales in the region totalled3,047inAugust 2020, a36.6per centincreasefrom the2,231sales recorded inAugust 2019, anda2.6per centdecreasefrom the3,128homes sold inJuly 2020. “People who put their home buying and selling plans on hold in the spring have been returning to the…

Property Management from a Property Manager’s Perspective

31 Aug

There has been much written on BiggerPockets recently about property management – Do you use a professional property manager? Should you use a professional property manager? What do they do? Are they worth it? I’d like to discuss who we are as property managers, what property managers shouldoffer, and why I think property management services can be of huge benefit toreal…

Habitat

28 Aug

Habitat is a new condo developmentbyPorte Communities,Hudson Morrisandfabric livingcurrently in preconstruction at 2520 Guelph Street,Vancouver. The development is scheduled for completion in 2022.Habitat has a total of 70 units. Habitat Details Website:lifeathabitat.comBuilding Address: 2520 Guelph Street,Vancouver,BC Building Type: CondoOwnership:CondominiumSelling Status: Registration Sales Started:2018Construction Status: Preconstruction Construction Started: Winter/Spring 2021 Estimated Completion:Fall/Winter 2022Builder(s): Porte Communities,Hudson Morrisandfabric living Architect(s): FormosisCeilings:–Interior Designer(s): Cristina…

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