BC TEMPORARY RENTAL SUPPLEMENT (BC-TRS) PROGRAM

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…

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$1000 BC EMERGENCY BENEFIT FOR WORKERS (BCEBW)

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…

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THE CANADA EMERGENCY RESPONSE BENEFIT (CERB)

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…

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CANADA’S COVID-19 PROJECTIONS

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…

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COVID 19: KEEPING YOU & YOUR TENANTS SAFE

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…

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RENT FREEZES, EVICTIONS AND END OF TENANCY

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…

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What Financial Support is Available for Tenants and Owners during COVID-19?

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…

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COVID-19 Update: information for landlords

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…

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The Dynamics of Collecting Rent: The Do’s and Don’ts

29 Apr

As a business owner operating as a landlord, you would understand that the actual sale in your business is the rent you collect. Collecting rent means having cash flow to operate your business, have enough fund to set aside to pay for repairs and maintenance, or pay any due tax on your property. That said, you simply can’t afford the…

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What Makes the Ideal Landlord?

02 Oct

Attracting and retaining good tenants isn’t always a walk in the park. In fact, the cost of getting rid of bad tenants can be quite expensive. Frequent repairs, vacant home expenses, and your own personal time and effort can quickly rack up. That’s why it pays to be a great landlord. How to Be an Ideal Landlord? Of course, being…

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How To Find A House to Rent

30 May

How many times have you encountered a scenario where you thought the house to rent was the perfect one for you until a couple of months down you faced a lot of problems? It was said that the City of Vancouver aims to have 5,000 new rental units built by 2021. Having these numbers in mind, what are you doing…

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The Things You Need Your Tenants to Know

01 Dec

When you decide to invest in an income property there is often a learning curve involved and usually, most new investors will go about attacking that curve with gusto! It’s a new and exciting adventure and most folks who decide to get into real estate, develop an instant passion for it. Of course, the same cannot be said for tenants….

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Featured Property – Capitol Residence Penthouse 4102

05 Jul

(Capitol Residence) Penthouse – For Rent This two-level penthouse, located in the popular Capitol Downtown, is the epitome of style. Containing three bedrooms and an office, there is more than enough space to bring the whole family with you. With an 1800 square feet of open space, your whole family can gather on the expansive patio and enjoy the…

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The Rental Walkthrough Checklist for Vancouverites

11 Feb

With the vacancy rate in Vancouver reaching the lowest it’s been since 2008 it’s tempting just to jump on the first rental property you find that seems half-way decent. That said, the only thing worse than not being able to find a rental that fits your needs is being stuck in a lease with a place that turns out to…

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Where to look for a home?

26 Oct

General sources Newspapers servicing your search area, including free ethnic papers and community papers. Free publications, often found in local retail stores,that publish rental accommodation ads. Check bulletin board postings at libraries, community centers, grocery stores, laundry mats and places of worship. Word of mouth. For students, campus housing offices. Check with local real estate offices found in the yellow…

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