Experts Corner

Discover the latest news surrounding the Vancouver rental market.

Furnished Versus Unfurnished – Which Market is Best for Your Rental Property?

As a Rental Property Manager, one of the most common questions I am asked by clients is if they are better off renting their property as a furnished rental or as an unfurnished rental. The answer to this question will vary depending on a variety of factors, including current legislation, motivation, level of urgency, need for stability, budget, financial expectations and location as well as a review of the current rental market.  Each of these factors should be considered as part of your decision-making process to ensure you are entering the market that works best for the goals and needs Read More »

Changes to Requirements for Serving Tenants Notice for Personal Use of Property

New RTA Rules on Serving Tenants Notice for Personal Use of Property **Updated August 3rd, 2024**. The notice period required when serving a Notice to End Tenancy for Personal Occupancy when it is for the purpose of a purchaser requesting that a seller serve the notice has been reduced from a 4 month notice to a 3 month period, and the amount of time that tenants have to dispute a 3 month notice has been reduced from 30 days to 21 days. The 4 month notice is still required for landlords where they (or an immediate family member) will be Read More »

EHT, SVT & UHT – The 3 taxes that all rental property owners need to know

Taxes, Taxes, Taxes –  you can’t avoid them, but by taking the time to understand the key components of a tax that may apply to you, it is often possible to significantly minimize its impact on your time, your stress level and your bank balance.    This blog post is meant to bring awareness to 3 different taxes, each that can have a direct effect on the owners of rental property in BC.  The scope of these taxes goes well beyond just owners of rental property, but for the purposes of this blog, it addresses just those that own or are Read More »