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The Rental Protection Fund aims to acquire 25 properties by November 2023 to safeguard renters from eviction and provide housing for those in need. Continue to full article

Gabriola's local governments are assessing the implications of the new provincial short-term rental legislative changes. The Short-Term Rental Accommodations Act, which received royal assent recently, includes regulations such as only allowing short-term rentals in principal residences. The Act also empowers regional districts to issue business licenses for short-term rentals and increases the maximum fine for…

Priced below assessment, and bank appraisal!!! Priced below lot and home cost!!! Owners say sell!!! Built to exceed highest flood construction levels. Beautiful riverfront property on the Fraser River. Take advantage of this brand new 3 bed 2 bath home with a huge workshop/ unfinished basement allowing so many things to be possible! This beautiful…

The B.C. government has approved legislation that will regulate the short-term rental market across the province, with the new law coming into effect in 2024 and increasing fines for non-compliance. This will require all providers of short-term rental accommodation to provide principal residence information to a provincial registry, and could lead to expensive hotel rooms…

Nesto, Dominion Lending Centres, The Mortgage Centre, and Island Savings offer competitive mortgage refinancing rates. These rates are lower than the national average and standard bank rates. Island Savings mortgages are backed by a reliable credit union. The services also provide competitive closing timelines, although specific rates and timelines are not disclosed. Continue to full…

The “eleventh hour of the eleventh day of the eleventh month" of 1918 that signaled the end of World War I. On this day we honour those who have sacrificed so much to keep our flag flying high. Remembrance Day Salute to all heroes, and thank you for your service.

In October 2023, the province of B.C. is introducing new legislation to address the housing crisis, including the creation of a database of legal short-term rentals, a short-term rental and compliance department, and increased fines of up to $3,000 per day. However, the major change is that short-term rentals must now be in one's primary…

BC faces significant housing market downturn risks in 2024. BC's household debt-to-disposable income is Canada's highest at 220%. Real estate and mortgage debt in BC hold a disproportionately large share of total household assets.

Landlords can increase rent once a year, with a maximum allowable increase of 3.5% for 2024. Rent increases can only occur 12- mo after a tenant moves in, or after the last legally permitted increase. Landlords can apply for exceptions to raise rent above the set annual rate, including: – Permission from tenants – Increased…