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B.C. Residential Tenancy Act changes give more rights to tenants

The B.C. government on May 17 amended the Residential Tenancy Act to require landlords to give tenants four months’ notice to end a tenancy in order to demolish, renovate or repair the dwelling.

Previously, landlords could evict a tenant for those reasons by giving two months’ notice. Tenants will continue to be eligible for one month’s worth of compensation in those cases.

Monthly Local Market Update

Click the link below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single family homes for cities across B.C.

Abbotsford

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Cloverdale

Coquitlam

Kelowna

Ladner

Langley

Maple Ridge

Mission

Nanaimo

New Westminster

North Delta

North Surrey

North Vancouver

Parksville

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

South Surrey/
White Rock

Squamish

Sunshine Coast

Surrey – Central

Tsawwassen

Vancouver – East

Vancouver – West

Victoria

Vernon

West Vancouver

Whistler

Fraser Valley Realtors say new rules needed to protect homebuyers from grow-ops

“If a consumer is going to buy a home that’s grown cannabis – whether it’s recreationally or illegally – there can be things in that home that need to be done that make it safe to live in,” FVREB president-elect Darin Germyn said.

Learn more at safegrowhomes.ca

B.C. Real Estate News

LOWER MAINLAND

Cambie plan increases residential, but affordability remains elusive (BIV)

Suburbs dominate top Lower Mainland neighbourhoods for residential real estate investment (BIV)

Greater Vancouver home sales slow in May 2018 as real estate listings increase (Vancouver Sun)

Metro Vancouver home sales fall 35% in May (Surrey Now Leader)

VICTORIA & VANCOUVER ISLAND

Heavy demand pacing Nanaimo’s real estate market (Nanaimo News Now)

Victoria is sixth-priciest city in Canada for one-bed rents (Times Colonist)

Victoria, Island home prices predicted to keep climbing – at slower rate (Times Colonist)

WHISTLER & SUNSHINE COAST

Small towns feel the pinch as Vancouver real estate madness spreads (CBC News)

OKANAGAN

Kelowna appears to be in a rental boom (Kelowna Capital News)

 

WESTERN CANADA’S LARGEST INTEGRATED REAL ESTATE FIRM

In Macdonald Realty, you are choosing a company that has been serving the real estate needs of British Columbians for more than 70 years. Since 1944, we've been helping our clients make some of the biggest decisions of their lifetime. What makes us different from others in our business is the exceptional level of service we offer and the analysis, guidance, and negotiation skill we bring to the table - the very foundations of any real estate venture.

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Contact

Macdonald Realty Ltd. (Vancouver West Office)
2105 West 38th Avenue Vancouver, BC V6M 1R8 604.263.1911 info@matthewlee.ca

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