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…
Vancouver Aquarium to Reopen this Friday after a 3 Month Break!
25 JunVancouver 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…
How to Monetize a Slow or Empty Short-Term Rental during Coronavirus pandemic
28 MayHow 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…
COVID-19: REAL ESTATE DROP
13 MayHuge 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…
CERB: DON’T FORGET TO RE-APPLY!
11 MayYou 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,…
BUYING A HOME DURING THE COVID-19 PANDEMIC
08 MayBuying 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…
SELLING YOUR HOME DURING THE COVID-19 PANDEMIC
06 MaySelling 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…
COVID-19: BC HYDRO Financial Relief Opportunity
04 MayBC 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…
BC TEMPORARY RENTAL SUPPLEMENT (BC-TRS) PROGRAM
01 MayBC-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…
COVID-19: SUPPORTS FOR SMALL AND MEDIUM BUSINESSES IN B.C.
29 AprResources for Small Businesses Affected by Coronavirus The Provincial and Federal Governments are providing a wide-range of supports for businesses in British Columbia which are facing hardship as a result of the global COVID-19 outbreak. This list of supports is subject to change. Please contact support providers directly for eligibility and application details! 1. Work Sharing Program The government is…
COVID 19: SUMMARY OF FINANCIAL SUPPORT
27 AprOverview of Financial Support for Tenants and Individual Landlords The COVID-19, or coronavirus crisis has left many Canadians without a job or with reduced hours and wondering how to pay their rent. The scope and scale of the Government of Canada’s COVID-19 Economic Response Plan includes income support measures to help Canadians pay their rent. This article contains general information…
$1000 BC EMERGENCY BENEFIT FOR WORKERS (BCEBW)
24 AprB.C. Emergency Benefit for Workers opening on May 1, 2020 Temporary relief is on the way for British Columbians whose ability to work has been affected by COVID-19. The B.C. Emergency Benefit for Workers will provide a tax-free, one time $1,000 payment for B.C. residents. The initiative was introduced by the provincial government in late March and is part of…
THE CANADA EMERGENCY RESPONSE BENEFIT (CERB)
16 AprThe Canada Emergency Response Benefit With many of us suddenly unemployed and no definite end in sight, the workforce as a whole needs somewhere to turn. The Canada Emergency Response Benefit (CERB) aims to address the financial needs of the citizens by providing a temporary “income” of $500 per week to each recipient. Both Service Canada and the Canada Revenue…
CANADA’S COVID-19 PROJECTIONS
14 AprCOVID-19 Measures Expected to Last Until Summer As Canadian’s are already well into their social distancing and preventative measures amid the COVID-19 crisis, the question on everyone’s mind is as to when this will all end. As numbers are spiking every day and Canada’s COVID-19 cases now over 11,000 as of April 3rd, the government officials say, we are far…
COVID 19: KEEPING YOU & YOUR TENANTS SAFE
10 AprKeeping You and Your Tenants Safe The government has announced recommendations and restrictions to ensure the safety of both tenants and landlords during the pandemic. Social Distancing in Shared Spaces Restricting Usage of Common Areas – Limiting the use of common areas by tenants or guests. Rent does not have to decrease because of the closures of public spaces like…
DON’T PANIC – BUY AND STOCKPILE DURING THE CORONAVIRUS PANDEMIC
08 AprDon’t Panic – Buy and Stockpile Amid the Coronavirus Crisis By now, it should go without saying that stockpiling and panic-buying does no help to anyone. Though feeling panicked and afraid is entirely reasonable throughout a global pandemic is entirely normal, we need to be careful how we react amid these times. Getting wrapped up in the panic and mob…
3 MONTH HYDRO BILL CREDIT
06 AprCOVID-19 Update: BC Residents Can Receive a Three-Month Credit on Hydro Bill With the growing crisis around COVID-19, the government is scrambling to find ways to ease the strain on businesses and people across the province. In the newest statement from Premier John Horgan and Minister Bruce Ralston, it was announced that B.C. Hydro and the Government of British Columbia…
RENT FREEZES, EVICTIONS AND END OF TENANCY
03 AprUpdates for Owners and Tenants:Rent Freezes, Evictions and End of Tenancy With the State of Emergency declared by the provincial government, and businesses all over the country being forced to close doors amid the coronavirus outbreak, renters and tenants alike have questions on what this means for them. The provincial government has released a few updates to help ease the…
What Financial Support is Available for Tenants and Owners during COVID-19?
02 AprFinancial Support for Tenants and Owners during COVID-19 With the whole province under a State of Emergency, and the government mandating the closure of non-essential businesses, finances are tight for countless Canadians. Thus, the provincial and the federal government have begun to find ways to support those who need it the most so we can all get through the global…
COVID-19 Update: information for landlords
30 MarWhat Landlords Need to Know During COVID-19 pandemic The global market has frozen. Trade has halted as countries close their borders and are taking drastic measures to manage and combat the disease amongst their population. The economic effect has been immense with global supply chains ceased, businesses shuttered as customers are homebound, and repercussive squeezes in the labour market as…