Breaking News in BC Real Estate!
Starting July 18, the Two Month Notice for tenants is changing to a Four Month Notice
New Regulations Alert :
β Mandatory Use of a New Web Portal to register and track all eviction notices
β If someone is moving INTO a tenanted property, they MUST live there for at least 12 months
For Tenants:
β More time to find a home when served notice
β Double compensation for bad faith evictions
For Landlords:
β Drastically alters their ability to sell a home, obtain a mortgage, or even maintain an appraisal value from the accepted offer date to the closing date
What Do You Think? :
β Pros: Helps tenants have more time to find a home, provides an online portal for dispute resolution and evictions
β Cons: Could dramatically lower property values, affect saleability, and prevent sellers from porting their mortgage
Share Your Thoughts in the Comments Below*:
If youβre a landlord considering selling YOUR rental property in BC, please shoot me a DM! Iβd love to help answer any of your questions
To maximize traffic to your Instagram post about the rental controversy, here are some of the best hashtags to use as a realtor in July 2024:
#vancouver #bc #surrey #langley #cloverdale #clayton #rental #landlord #realtor #realestate
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