Where bidding wars and long lineups greeted renters looking for a new home, more options and sinking rates are now the norm — with some landlords and property managers offering hefty incentives for tenants to sign leases.
Landlords who are missing thousands of dollars in rent or who find their properties damaged or strewn with garbage are concerned some tenants are taking advantage of the eviction ban put in place during the pandemic.
Life as we knew it ground to a halt in April because of COVID-19, and so did Metro Vancouver’s real estate market. There were 1,109 homes sold in the region last month, the lowest April sales totals since 1982.
A Vancouver renter who falls through the cracks for government assistance appealed to her landlord to renegotiate the rent. The landlord said no. But the Tenant Resource and Advisory Centre says landlords cannot expect to be the only ones in this crisis who don’t lose any income.
Uncertainty is everywhere in the financial world these days as the COVID-19 pandemic spreads, and that's translating into big swings in mortgage rates and challenges in how to navigate borrowing for a home.
Homeless activists and their supporters occupied the recently closed North Surrey Recreation Centre for several hours Wednesday night to call attention to the danger the COVID-19 pandemic poses to people living on the streets or in insufficient housing.
British Columbian landlords, tenants and small business owners are united in their growing calls for the federal government to intervene in order to make some form of rent and mortgage relief a reality.
RBC says it expects Canada's housing market will see a significant pullback this year because of both the physical distancing restrictions and economic uncertainty caused by the coronavirus outbreak, but that it could rebound next year.
After restaurants and other businesses shut down abruptly last week, workers did the math, and many found they wouldn’t be able to pay their April rent, and that future employment insurance payments won’t cover their monthly rent either.
Tenant advocates say they're concerned that the B.C. government has yet to announce a moratorium on evictions as thousands of renters worry they won't be able to pay their rent because of the deep economic impact of measures to prevent the spread of COVID-19.