Selling Tenant-Occupied Properties


On July 3, 2024, the Provincial Government announced significant changes that came into effect July 18, 2024, to protect residential tenants from ending tenancies in bad faith. Under the Residential Tenancy Act, a landlord can end a tenancy for personal or caretaker use.

Key Changes Effective July 18, 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

No "doom and gloom" in store for Canadian real estate – Royal LePage’s Soper

by Ephraim Vecina29 Jul 2020


Sustained market strength, subject to supply constraints, will be the predominant dynamic in the Canadian housing sector for the rest of the year, according to Royal LePage CEO Phil Soper and Sotheby’s Canada CEO Don Kottick.


In a joint interview with The Financial Post, the two executives highlighted the major role that housing inventory will play in the period immediately after the COVID-19 pandemic eases.

Soper said that home prices largely rely on the balance between supply and buyer activity.

“There are a lot of people who are looking to put roofs over their heads,” Soper said. “We just don’t see the number of homes for sale, the supply side of this, climbing to the point where home prices will collapse.”

Royal LePage’s latest predictions have placed annual growth by year-end at 2.5%.


https://www.canadianrealestatemagazine.ca/news/no-doom-and-gloom-in-store-for-canadian-real-estate--royal-lepages-soper-331927.aspx

MORTGAGE RATE FORECAST......BCREA


As the year ends, it's worth reflecting on how significantly the Canadian interest rate environment has changed in just twelve months. One year ago, the Canadian yield curve was its usual upward sloping shape, with markets expecting gradual rate increases by the Bank of Canada. Based partly on those expectations, Canadian mortgage rates were climbing. However, within 8 months the yield curve in Canada had inverted, bond yields tumbled, and Canadian mortgage rates were once again heading lower.


https://www.bcrea.bc.ca/economics/mortgage-rate-forecast/


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West Vancouver Houses For Sale as of September 15, 2012

There are a total of 556 West Vancouver Houses for sale as of September 15, 2012 in West Vancouver. There are 49 new listings for houses for sale in West Vancouver for the period of September 8, 2012 through September 15, 2012 which is below the 53 new listings last week.

The new listings range in price from $937,000 to $9,900,000 with an average price of $2,936,154, compared to $2,882,960 last week and $2,314,056 the week prior.

Average Price

The average price of a  home is $3,267,114 and the median price is $2,562,500.

Days On Market

The average days on market is 87 days and the median days on market is 72 days.

Price Increases and Decreases

There have been 7 price increases; one up 5% from $2,288,000 to $2,398,000 and 119 price reductions on the 556 homes for sale. The reductions range from 1% to 22% with the average being 6%.
The 22% drop was for a mobile home from $44,900 to $34,900 and the biggest drop for a single family home was 16% from $1,288,000 down to $1,088,000.

Price Range of Current West Vancouver Houses and Real Estate For Sale

5 houses priced between $0 and $99,999
3 houses priced between $100,000 and  $199,999
0 houses priced between $200,000 and  $299,999
0 houses priced between $300,000 and  $399,999
0 houses priced between $400,000 and  $499,999
0 houses priced between $500,000 and  $599,999
3 houses priced between $600,000 and  $699,999
9 houses priced between $700,000 and  $799,999
6 houses priced between $800,000 and  $899,999
15 houses priced between $900,000 and  $999,999
183 houses priced between $1,000,000 and $1,999,999
134 houses priced between $2,000,000 and $2,999,999
76 houses priced between $3,000,000 and $3,999,999
44 houses priced between $4,000,000 and $4,999,999
23 houses priced between $5,000,000 and $5,999,999
15 houses priced between $6,000,000 and $6,999,999
11 houses priced between $7,000,000 and $7,999,999
9 houses priced between $8,000,000 and $8,999,999
6 houses priced between $9,000,000 and $9,999,999
14 Houses Priced Greater Than $10,000,000
 

Number of Bedrooms in Current West Vancouver Houses For Sale

There are 3 (0) Zero bedroom Houses
There are 1 (1) One bedroom Houses
There are 26 (2) Two bedroom Houses
There are 127 (3) Three bedroom Houses
There are 178 (4) Four bedroom Houses
There are 142 (5) Five bedroom Houses
There are 61 (6) Six bedroom Houses
There are 18 (7) Seven bedroom Houses

West Vancouver Houses For Sale Sorted By Area

There are 20 Houses for sale in Altamont
There are 60 Houses for sale in Ambleside
There are 11 Houses for sale in Bayridge
There are 84 Houses for sale in British Properties
There are 13 Houses for sale in Canterbury
There are 46 Houses for sale in Caulfeild
There are 8 Houses for sale in Cedardale
There are 22 Houses for sale in Chartwell
There are 3 Houses for sale in Chelsea Park
There are 5 Houses for sale in Cypress
There are 12 Houses for sale in Cypress Park Estates
There are 32 Houses for sale in Dundarave
There are 27 Houses for sale in Eagle Harbour
There are 6 Houses for sale in Eagleridge
There are 14 Houses for sale in Furry Creek
There are 17 Houses for sale in Gleneagles
There are 11 Houses for sale in Glenmore
There are 12 Houses for sale in Horseshoe Bay
There are 15 Houses for sale in Howe Sound
There are 22 Houses for sale in Lions Bay
There are 8 Houses for sale in Olde Caulfeild
There are 9 Houses for sale in Park Royal
There are 16 Houses for sale in Queens
There are 5 Houses for sale in Rockridge
There are 3 Houses for sale in Sandy Cove
There are 10 Houses for sale in Sentinel Hill
There are 10 Houses for sale in Upper Caulfeild
There are 14 Houses for sale in West Bay
There are 10 Houses for sale in Westhill
There are 14 Houses for sale in Westmount
There are 10 Houses for sale in Whitby Estates
There are 7 Houses for sale in Whytecliff

West Vancouver House Listings by Neighbourhood

If you are interested in a specific neighborhood following are the neighborhoods where some of the 49 new listings for West Vancouver Houses for sale are listed. Not all listings report the neighborhood they listing is located in so there are fewer than 556 Houses listed:

There are 428 Houses for sale in Neighborhood Not Available
There are 5 Houses for sale in Altamont
There are 8 Houses for sale in Ambleside
There is 1 house for sale in Ambleside Sentinel Hill
There is 1 house for sale in Arbutus Place
There are 3 Houses for sale in Benchlands
There are 15 Houses for sale in British Properties
There are 2 Houses for sale in British Properties On Capilano Golf Club
There is 1 house for sale in Brunswick Beach - Lions Bay
There are 4 Houses for sale in Capilano Mobile Home Park
There are 2 Houses for sale in Capilano River Park
There are 2 Houses for sale in Estates At Rodgers Creek
There are 4 Houses for sale in Furry Creek
There are 3 Houses for sale in Headland Park - Russell Hollingsworth
There are 3 Houses for sale in Kelvin Grove
There is 1 house for sale in Lions Bay
There are 2 Houses for sale in Montiverdi Estates By Arthur Erickson
There is 1 house for sale in Ocean Point
There is 1 house for sale in Passage Island
There is 1 house for sale in Rockcliffe Estates
There is 1 house for sale in Rodgers Creek, Whitby Estates
There is 1 house for sale in Sea Breeze Estates
There is 1 house for sale in Seaside Estates
There is 1 house for sale in Seaside Place
There are 3 Houses for sale in Stonegate
There is 1 house for sale in Strachan Point
There is 1 house for sale in Sunset Point
There is 1 house for sale in Taylorwood Estates

Month West Vancouver Houses For Sale Were Listed

May 2011 - 2
July 2011 - 1
August 2011 - 7
September 2011 - 1
October 2011 - 5
November 2011 - 3
December 2011 - 1
January 2012 - 10
February 2012 - 8
March 2012 - 28
April 2012 - 38
May 2012 - 66
June 2012 - 91
July 2012 - 92
August 2012 - 97
September 2012 - 106

Summary of Listings in West Vancouver
Report Generated: Sep 15 2012  9:09A
Reciprocity Logo 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.