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…
29 Apr Resources 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…
27 Apr Overview 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…
24 Apr B.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…
16 Apr The 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…
14 Apr COVID-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…
10 Apr Keeping 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…
08 Apr Don’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…
06 Apr COVID-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…
03 Apr Updates 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…
02 Apr Financial 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…
30 Mar What 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…
28 Mar The guide on renting out your property during the COVID 19 crisis Our world has literally changed overnight. Amid the COVID 19 health crisis, all of us need to do our part and practice social distancing in order to keep safe and contain the virus. If you are a landlord looking to rent out your property, you might be asking…
