VANCOUVER REAL ESTATE MARKET RENTAL( FEBRUARY)/SALES REPORT.

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 Intense competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver’s housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in February 2021, a 73.3 per cent increase from the 2,150 sales recorded in February 2020, and a 56 per cent increase from the 2,389 homes sold in January 2021. Last month’s sales were 42.8 percent above the 10-year February sales average. “Metro Vancouver’s … Read more

 

FORMATIVE LEGISLATIVE CHANGES TO PREVENT ILLEGAL RENOVICTIONS & EXTEND THE RENT INCREASE FREEZE

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The landlord-tenant relationship can often be abused if proper legislative rules are not passed and practiced and this has been a common theme and motivator behind tenancy disputes that make news headlines. In one especially offsetting scenario, loopholes in the laws give less scrupulous landlords a certain edge of exercising their power through illegal renoviction … Read more

 

Optimizing Communication Between Tenants & Landlords – Permitting Emailed Document

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An email has become the common and quintessential method by which parties communicate and share information. The current amendment to regulations comes at the behest of a recommendation from the Rental Housing Task Force, who had sought input from landlords and tenants, and fielded suggestions to recognize email as an acceptable form for notification Coming … Read more

 

COVID 19: Commercial Rent Assistance Program Extended Through The End of July

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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

 

Condo Crisis? Analyst warns of massive Metro Vancouver presale drop-off

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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

 

BC Government extends rental supplement and moratorium of rent increases, but other eviction rules will be changing soon!

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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

 

3 MONTH HYDRO BILL CREDIT

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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 … Read more