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/


__________________________________________________________________________________________________________

RSS

Posted on by

Sunday May 25th, 2:00 PM to 4:00 PM we will be hosting an Open House at 2045 27TH Street in the Queens neighborhood of West Vancouver.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Queens House for sale.

As always please do not hesitate to give us a call if we can answer any questions before the open house, or if you would like to book a private showing.

Judi Whyte/ Robbi-Layne
Prudential Sussex Realty

Read

Posted on by

I just finished uploading this House for sale, 415 OXLEY NORTH Street, West Vancouver, British Columbia

 

If you dream of coming home to your own private park, this offering may be for you. The nearly 11,000 sq. ft. peaceful, streamside property on a quiet cul-de-sac across the road from West Bay beach features a wide variety of rare and unusal plants. Its many garden pathways provide soothing tranquility.  The 2,200 sq. ft., 4 bed, 2 bath home has a partial ocean view. It is comfortable and solidly built, and includes many upgrades, including newer windows, furnace, chimney, and metal roof.  The property also includes a 2-storey, 650 sq. ft. detached storage shed.  In the sought-after West Bay IB catchment area.

Read

Posted on by

Saturday April 5th, 2:00 PM to 4:00 PM we will be hosting an Open House at #1605-158 W13TH Street in the Central Lonsdale neighborhood of North Vancouver.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Central Lonsdale Condo for sale.

As always please do not hesitate to give us a call if we can answer any questions before the open house, or if you would like to book a private showing.

Judi Whyte/ Robbi-Layne
Prudential Sussex Realty

Read

Posted on by

 

Saturday March 22nd, 2:00 PM to 4:00 PM we will be having an Open House in #309-251 W4TH Street, in the Lower Lonsdale neighborhood of North Vancouver.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Lower Lonsdale Condo for sale.

As always please do not hesitate to give us a call if we can answer any questions before the open house, or if you would like to book a private showing.

Judi Whyte/ Robbi-Layne
Prudential Sussex Realty

Read

Posted on by

Sunday March 9th, 2:00 PM to 4:00 PM we will be hosting an Open House at #6-4957 MARINE Drive in the Olde Caulfeild neighborhood of West Vancouver.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Olde Caulfeild Townhouse for sale.

As always please do not hesitate to give us a call if we can answer any questions before the open house, or if you would like to book a private showing.

Judi Whyte/ Robbi-Layne
Prudential Sussex Realty

Read

Posted on by

Saturday March 8th, 2:00 PM to 4:00 PM we will be hosting an Open House at #309-251 W4TH Street, Lower Lonsdale, North Vancouver.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Lower Lonsdale Condo for sale.

As always please do not hesitate to give us a call if we can answer any questions before the open house, or if you would like to book a private showing.

Judi Whyte/ Robbi-Layne
Prudential Sussex Realty

Read

Posted on by

I just finished uploading this House for sale, 2460 PALMERSTON Ave, West Vancouver, British Columbia

The seller says" It has been a privilage to live here, it is extremely quiet with ultimate privacy yet 4 minutes from Dundarave village"! This home offers panoramic ocean views, 6 bedrooms, 3 baths,updated kitchen,Roof,furnace & carport. Interested parties are only to walk property escorted by their realtor. Thank You.

Read

Posted on by

Please note the change for this upcoming openhouse.

We are proud to announce that this Jun 22nd, 12:00 PM to 2:00 PM we will be hosting an Open House at 960 LYNN VALLEY Road in Balmoral House in the Lynn Valley neighborhood, North Vancouver. This is an opportunity to visit this excellent Condo for sale in beautiful Lynn Valley.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Lynn Valley Condo for sale.

As always please do not hesitate to give me a call at if I can answer any questions before the open house, or if you would like to book a private showing.

Judi Whyte/ Robbi-Layne
Prudential Sussex Realty

Read

Posted on by

Sunday June 23rd, 2:00 PM to 4:00 PM we will be hosting an Open House at 1571 RUPERT Street in the Lower Lynn neighborhood of North Vancouver.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Lower Lynn House for sale.

As always please do not hesitate to give us a call if we can answer any questions before the open house, or if you would like to book a private showing.

Judi Whyte/ Robbi-Layne
Prudential Sussex Realty

Read
Newer posts : page 1 Older posts : page 3
Powered by myRealPage.com