15 Jul Understanding the realities of becoming a landlord YOUR GUIDE TO INVESTMENT PROPERTY. There are lots of things to like about being a landlord. After all, what is better than owning property and having that property provide you an income? Indeed, this is something that a lot of people aspire to but while you are busy dreaming, there are some realities…
Vancouver Real Estate is still the best investment today! Despite a bumpy 2019 for the housing market in Vancouver followed by a very challenging start to 2020, the housing market prospects are looking surprisingly good. It is, in fact an excellent time to buy. It’s a buyer’s market, rates are stable and there are attractive incentives for buyers looking to…
09 Jul Here are the top 5 home updates that will add to resale value Sprucing up your home in order to boost its value is a wise investment, and just like restoring vehicles, can lead to a profitable payoff when you are ready to move. These 5 improvements are popular in the market right now, and well worth the investment of…
06 Jul Your Guide to Selling Tenant Occupied Homes in BC Selling a tenant-occupied home is generally more difficult than selling an unoccupied home because you are dealing with people’s emotions around a threatened disruption of note. You’ll be bringing strangers into their home which will be disconcerting and inconvenient for them so you really need to get them on board with…
05 Jul Despite the current economic uncertainty of COVID 19, Vancouver’s Real Estate market continues to show up. The Real Estate Board of Greater Vancouver recently released its monthly market report for the month of June 2020. REBGV report stated that residential home sales in Vancouver reached 2,443 in June 2020. This represent a 17.6 percent increase compared to the 2,077 sales…
03 Jul Right location may not come at the right price! One of the biggest challenges when it comes to investing in real estate is finding the right location. However, it also stands that the right location may not come at the right price. In a recent report from Zoocasa, they have singled out the most affordable area and the least affordable…
02 Jul Government announces extension of commercial property rent relief program in BC. WHAT YOU NEED TO KNOW; Property owners and small business tenants will soon be able to access funding for the month of July. Only those tenants approved in the April, May and June application are eligible for the July extension. If a business had an average revenue decline of…
30 Jun People who have already been approved for the TRS don’t need to reapply, unless they’ll be living at a different rental property before August 31st. They will receive an email to confirm if the residential address will be the same through July and August. New applications will be accepted until the end of August and will be effective from the…
30 Jun 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 happening was palpable but they…
29 Jun Here are some options available to you as a landlord; 1. Consider the month – to – month lease Month-to-month leases are fairly common and if your tenant happens to be on one, then it may be the easiest way to have them vacate in order to get to selling the property. Different locations have different rules on notifying tenants…
25 Jun Vancouver Aquarium to Reopen this Friday after a 3 Month Break! 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…
09 Jun 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 year and more than 50%…
31 May 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. Tenancies are usually shorter and…
28 May How to Monetize your Airbnb COVID-19 has hit everyone hard. Since the Coronavirus truly took hold of the global travel industry in early March, vacation rental owners and managers have struggled to stay afloat. The unprecedented deluge of cancellations and refund requests came out of the blue and left us speechless. Many rental owners been left to employ their cash…
13 May 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 sales are expected to remain…
11 May 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 provide temporary income relief. And,…
08 May 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 potential homeowners, real estate agents…
06 May 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 electronically. While virtual open houses…
04 May 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 loved one becoming sick or…
01 May BC-TRS for Low-to-Moderate-Income BC Families Launched on April 9, the BC Temporary Rental Supplement program provides temporary rental supplement to assist eligible low- and moderate-income renters struggling to pay their rent due to Covid-19. Here are the key takeaways of the program: The program is only for 3 months and money is paid directly to the landlords Eligible households with…
