Greater Vancouver Market Update here
Metro Vancouver Market Update here
Fraser Valley Market Update here
Detached Monthly Variances here
Attached Monthly Variances here
Get the full report here
If you’d like a detailed report for your neighbourhood or, a complimentary Market Evaluation, please reach out to me at 604-240-5813 or rob@robbritch.com. With over 30 years of experience in your market, let me Help You Make the Right Move!
Key Changes Effective July 18th, 2024
1. Mandatory Use of Landlord Use of New Web Portal:
Landlords must use this portal to generate Notices to End Tenancy for personal or caretaker use.
Landlords using the website portal will be required to have a Basic BCeID to access the site.
The portal will require landlords to provide details about the persons moving into the home. The details of the new occupant of the home will be shared with the tenant.
While using the website portal, landlords will be given information about the required conditions for ending a tenancy and the penalties associated with ending the tenancy in bad faith.
They will also be informed about the amount of compensation they will be required to issue to tenants when ending a tenancy.
2. Extended Notice Period:
The Two-Month Notice is changing to a Four-Month Notice on July 18, 2024.
Tenants will have 30 days to dispute Notices to End Tenancy, extended from 15 days.
3. Occupancy Requirements:
The individual moving into the property must occupy it for at least 12 months.
Landlords found to be ending a tenancy in bad faith could be ordered to pay the displaced tenant 12 months’ rent.
It's crucial to be aware of the latest regulations, including Bill 14 Tenancy Statutes Amendment Act, 2024.
Greater Vancouver Market Update HERE
Metro Vancouver Market Update HERE
Fraser Valley Market Update HERE
Detached Monthly Variance HERE
Attached Monthly Variance HERE
Get the Full Report HERE
If you’d like a detailed report for your neighbourhood or, a complimentary Market Evaluation, please reach out to me at 604-240-5813 or rob@robbritch.com. With over 30 years of experience in your market, let me Help You Make the Right Move!
Greater Vancouver Market Update Here
Metro Vancouver Market Update Here
Fraser Valley Market Update Here
Monthly Detached Variance here
Attached Monthly Variance here
Get the full Report here
If you’d like a detailed report for your neighbourhood or, a complimentary Market Evaluation, please reach out to me at 604-240-5813 or rob@robbritch.com. With over 30 years of experience in your market, let me Help You Make the Right Move!
The Province, through its Homes for People action plan, committed to cut down on unlawful evictions and strengthen the security of tenants, while supporting landlords.
Government is proposing the following amendments to the Residential Tenancy Act and the Manufactured Home Park Tenancy Act that, if passed, will come into force in various phases this spring and summer.
After Bill Introduction:
prohibiting personal occupancy evictions in purpose-built rental buildings with five or more units; and
increasing landlord’s occupancy period from six months to 12 months.
Upon royal assent:
prohibiting rent increases for additional occupants who are minors and making it an offence to do so; and
making a clear prohibition for a landlord to give frivolous notices to end tenancy.
By regulation expected by summer 2024:
requiring landlords to use a web portal to generate Notices to End Tenancy for personal occupancy;
increasing the notice period that a landlord must give a tenant for eviction for personal use; and
increasing the tenant dispute period from 15 days to 30 days.
Future regulations:
providing regulation-making authority in the Residential Tenancy Act to:
prohibit conversion of rental units to specific non-residential uses, such as short-term rental accommodation or storage;
prescribe increased amounts of compensation for evicting long-term tenants for landlord use; and
clarify the criteria by which the landlord could legally end a tenancy for a problematic tenant.
Increasing administrative monetary penalties to improve deterrence from contravening the Residential Tenancy Act.
Greater Vancouver Market Update Here
Metro Vancouver Market Update HERE
Fraser Valley Market Update HERE
Monthly Detached Variance HERE
Monthly Attached Variance HERE
If you’d like a detailed report for your neighbourhood or, a complimentary Market Evaluation, please reach out to me at 604-240-5813 or rob@robbritch.com. With over 30 years of experience in your market, let me Help You Make the Right Move!
Greater Vancouver Market Update HERE
Metro Vancouver Market Update HERE
Fraser Valley Market Update HERE
Detached Monthly Variance HERE
Attached Monthly Variance HERE
Read the Full News Release HERE
If you or anyone you know needs any help with Real Estate, reach out to me as I’m never too busy to help! With over 30 years experience in Metro Vancouver’s Real Estate Market, let me Help You Make the Right Move.
Greater Vancouver Market Update HERE
Metro Vancouver Market Update HERE
Fraser Valley Market Update HERE
Detached Monthly Variance HERE
Attached Monthly Variance HERE
Read the Full Report HERE
If you or anyone you know needs any help with Real Estate, reach out to me as I’m never too busy to help! With over 30 years experience in Metro Vancouver’s Real Estate Market, let me Help You Make the Right Move.
Two storey, move-in ready house in South Vancouver draws multiple offers
Size: 2,384 square feet
B.C. Assessment: 2023 at the time of sale: $1,856,300. 2024 Assessment $1,925,500
Listed for: $1,698,000
Sold for: $1,930,000
Sold on: Oct. 20 2023
Days on market in this listing: 8
Listing agent: Rob Britch at ReMax Select Realty
Buyers agent: Mukhtiar Sian at Sutton Group — West Coast Realty
The big sell: According to listing agent Rob Britch, 18 offers were received for this two-storey South Vancouver home, pushing the final sale figure to $232,000 over the listed price and $73,700 more than its assessed value at the time of the sale. He cites a number of attributes that contributed to the interest, namely a 39.45 by 121.74-square-foot lot size, a well-maintained house with three bedrooms upstairs and a one-bedroom mortgage-helping suite below, easy access to Richmond and Knight Street Bridge, and a number of renovations that contributed to a ‘move-in condition’. Those updates include a modern kitchen and bathroom, a high-efficiency furnace, a nine-year-old roof, and double-pane vinyl windows, enhanced by oak hardwood floors with inlay detailing that flow through the main living area. Outside, there is a deck above the carport and a well-tended garden.
Greater Vancouver Market Update HERE
Metro Vancouver Market Update HERE
Fraser Valley Market Update HERE
Detached Monthly Variance HERE
Attached Monthly Variance HERE
Read the Full Report HERE
If you or anyone you know needs any help with Real Estate, reach out to me as I’m never too busy to help! With over 30 years experience in Metro Vancouver’s Real Estate Market, let me Help You Make the Right Move.
Greater Vancouver Market Update November 2023 HERE
Metro Vancouver Market Update November 2023 HERE
Fraser Valley Market Update November 2023 HERE
Detached Monthly Variance HERE
Attached Monthly Variance HERE
Read the Full Report HERE
If you or anyone you know needs any help with Real Estate, reach out to me as I’m never too busy to help! With over 30 years experience in Metro Vancouver’s Real Estate Market, let me Help You Make the Right Move.
Greater Vancouver Market Update October 2023
Metro Vancouver Market Update October 2023
Fraser Valley Market Update October 2023
If you or anyone you know needs any help with Real Estate, reach out to me as I’m never too busy to help! With over 30 years experience in Metro Vancouver’s Real Estate Market, let me Help You Make the Right Move.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
