News: Vancouver Real Estate Market

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Posted in bc home sales, bill 44, first time buyers, Rental Income, zoning bc

Bill 44 Housing Statutes (Residential Development) Amendment Act, 2023 has the potential to make housing for affordable by increasing the amount of small-scale multi-unit housing in neighbourhoods that are mostly comprised of single-family homes. This includes townhomes, triplexes and laneway homes, and a plan to fix outdated zoning rules to help the process of building homes quicker. These new zoning requirements would permit higher density in areas previously zoned for single family or...

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Posted in BC Home Rentals, BC Temporary Rental Supplement Program, BC-TRS, Covid-19, Dependents, Eligible Households, Greater Vancouver, Home For Rent, Household Income, Impact of COVID-19 on housing, Landlord, Metro Vancouver, Monthly Rent, Rent Assistance, Rental Income, Rentals, Renting in BC, Residential Homes, Tenancy Agreement, Tenant

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...
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