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 … Read more
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
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
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. … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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. … Read more
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 … Read more
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 … Read more
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 … Read more