News: Vancouver Real Estate Market

The BC Temporary Rental Supplement (BC-TRS) Program aims at offering up to $500 a month to assist renters and landlords during the COVID-19 pandemic. This is part of the province's $5 billion action plan and payments are made directly to the landlords of eligible households. Tenants should inform their landlords that they are applying for the BC-TRS.

What do you need to know about the program?

• The program will be a temporary rental supplement for April, May and June 2020.
• Applicants will only have...

UPDATED NOVEMBER 7, 2020:

Given the growth in COVID-19 transmission rates, it's important to be aware of the inherent risk in showings. These risks can differ depending on whether a home is vacant, owner-occupied, tenant occupied or a strata unit in a multi-tenanted building. Only after assessing risk can you determine whether showings are appropriate.

A maximum number of 6 people are allowed in a residence at any time. For smaller properties, this limit may be smaller to ensure safe physical...

The COVID-19 outbreak has caused a steep decline in interest rates, however, it is uncertain as to how severe the impact will be on economic activity. Considering the importance of tourism and our trade links with China, the magnitude of the impact is expected to be higher in BC. In addition, the Canadian economy also saw the collapse of oil prices and this makes the probability of a recession in Canada that much higher.

An unfortunate byproduct of recession is the loss of jobs and incomes, which...