Government announces extension of commercial property rent relief program in BC. VANCOUVER: The Federal Government has extended the Canada Emergency Commercial Rent Assistance program for the month of July. This program was initially intended to support small businesses during the COVID – 19 pandemic. It provides forgivable loans to qualifying commercial property owners covering 50% … Read more
Real estate market analyst is calling attention to the plummeting condo and townhouse presales For a while, BC’s condo market future was burning bright. Now, it would seem that the fire has been extinguished. An ABC real estate market analyst is calling attention to the plummeting condo and townhouse presales. The feeling that something was … Read more
TRS and moratorium of rent increases extended until August 31st VANCOUVER: As announced last week, the BC government is extending the temporary rental supplement (TRS) until the end of August 2020 to support renters and landlords as the COVID-19 pandemic continues to affect the household incomes. People who have already been approved for the TRS … Read more
TIPS TO PREVENT TENANT CONFLICT BEFORE IT OCCURS There are many reasons you as a landlord may want to sell a property that is still occupied by a tenant. Your tenant could be treating the property badly and ruining its future value, there may be a better opportunity for profit with another tenant or buyer, … Read more
Yay! The Vancouver Aquarium will reopen its door to the public on Friday, June 26 after being closed for three months due to the COVID – 19 outbreak. The Vancouver Aquarium’s reopening is in full compliance with orders from the Office of the Provincial Health Officer and recommendations from WorksafeBC. Public and animal safety is … Read more
CLICK HERE TO DOWNLOAD THE LATEST VANCOUVER MARKET REPORT HIGHLIGHTS OF MAY 2020 Greater Vancouver home sales down 44% compared to last May, but prices remain steady VANCOUVER – The Real Estate Board of Greater Vancouver reported last Tuesday, May home sales were down nearly to 44% in Greater Vancouver compared to May of last … Read more
Should Rent my property furnished or unfurnished? One of the most common questions we get asked is whether rent a property furnished or unfurnished. Let’s have a look at the advantages and disadvantages of renting your furnished property. Disadvantages of renting a furnished property Higher Vacancy Rate Furnished properties are usually rented as temporary accommodation. … Read more
Huge drop in real estate sales in Canada As social distancing rules and regulations currently stand, real estate agents will experience a harder time finding buyers and selling homes. Home sales are expected to drop by around 30 – 40 percent for the month of April alone. That is not including the fact that home … Read more
You Will Have to Re-Apply to Continue Receiving CERB This Month, Even If You Applied in April Canadians will have to re-apply as the Canada Emergency Response Benefit (CERB) does not renew automatically! For Canadians who have stopped working and lost their source of living due to Covid-19, the Canada Emergency Response Benefit (CERB) can … Read more
Buying a home during the COVID-19 pandemic Trying to buy a house or business location during a pandemic is anything but easy. While people are fending off the worst of the epidemic with social distancing and only going out for essentials, it’s easy to think that buying a home right now is impossible. Lucky for … Read more
Selling your house in a pandemic Some may fear that attempting to sell your home during a pandemic is not the right choice, and many sellers are waiting until the virus blows over and life returns to normal. There’s no need to the fear, however, because there are plenty of ways to sell a home … Read more
BC Hydro Financial Relief With not only our nation but our entire world in the middle of a crisis, many of us have lost our income, and for how long no one knows. This affects everyone, because everyone is at risk of catching COVID-19, becoming unemployed, or incurring huge amounts of debt due to a … Read more