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.