This month, the average prices for both furnished and unfurnished one-bedroom units in Metro Vancouver have decreased, with furnished units experiencing a significant drop. As of May 2024, unfurnished one-bedroom units are, on average, $156 cheaper than their furnished counterparts.
In May 2024, Metro Vancouver saw a surge in new property listings, with a total of 6,374 detached, attached, and apartment properties listed on the MLS®. This marked a significant 12.6 % increase from the previous year’s 5,661 listings. Despite this surge, sales for the month of May saw a 19.9 per cent decrease from the 3,411 sales recorded in May 2023. … Read more
Have you ever considered investing in real estate, but weren’t sure where to start? Or maybe you have a few properties and are considering hiring a property management company to help you keep things running smoothly. Either way, this blog post is for you! We’ll give you an overview of what real estate investing entails, … Read more
1. Collecting a Security Deposit: Make Sure the Security Deposit is Part of the Rental Agreement BC tenancy laws enable landlords to collect a deposit in trust as security against damage to your property—albeit within strict guidelines. As a landlord, you can ask for a maximum security deposit equal to a half month’s rent at … Read more
As a landlord, you’ll want to treat your rental property as an investment, and you should see consistent cash flows from rent. Seeing as consistent rent flows is important, how can you manage it so that a tenant pays rent on time? What can you do when your tenant doesn’t pay their rent? There are … Read more
As a real estate investor, knowing how to set a rental price for your investment property is important. We go in-depth about why it’s essential to set the right market rent for your home, and you can read more about this topic [HERE]. Understanding the rental value of your home is important to managing your … Read more
Serving Notices To Tenants Once you have found a tenant and a lease is signed for your property, you’ll need to know both your and your tenants’ rights. At some point, you will have to provide documentation to your tenants During tenancy. You may even have to take legal action. Proper documentation is important when … Read more
In 2018, 66.2% of first-time buyers in Canada bought their homes because they wanted to become homeowners, with 50.6% of these buyers under 35 years of age. If you are a first-time buyer, you will generally have more questions than someone who has already gone through the process. Some of the questions you may have, … Read more
Vancouver’s Real Estate market continues to show up despite Covid pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports(housing market report) that residential home sales in the region totalled 3,047 in August 2020, a 36.6 per cent increase from the 2,231 sales recorded in August 2019, and a 2.6 per cent decrease from the 3,128 homes sold in July 2020. “People who put their home buying and selling plans on hold in the spring … Read more
There has been much written on BiggerPockets recently about property management – Do you use a professional property manager? Should you use a professional property manager? What do they do? Are they worth it? I’d like to discuss who we are as property managers, what property managers should offer, and why I think property management services can … Read more
During these challenging and often confusing times, many Canadians have struggled with the repayment plan. To address this crisis the government of British Columbia has set the rules on how to deal with the unpaid rent that every landlord should be familiar with. Here are the answers to the questions landlords have been asking: Can … Read more
If you are on the road to becoming a successful landlord, then here are a few things that you should consider doing consistently to become a successful landlord: Run Your Property as a Business Don’t treat your property as your personal bank account, run it like a business with its own bank account, profit and … Read more