Allowable rent increase for month-to-month tenants set at 4 per cent for 2018, the highest in 5 years B.C. tenants rights advocates are calling on the new BC NDP government to freeze rents and deliver on its affordable housing campaign promises. The renewed call comes as the B.C. Residential Tenancy Branch has set the maximum allowable rent … Continue reading ‘It’s about gouging renters for more money’: advocates push back on standard rent increase
Read MoreB.C. announces legislation to close fixed-term rental loophole
December 21, 2017If passed, new rules will apply to both new and existing tenancy agreements B.C.’s provincial government has announced legislation to close what has been dubbed a major loophole affecting renters in the province. Critics say the loophole allows landlords to bypass rent controls by having residents sign a fixed-term lease with move-out clauses. At the end of … Continue reading B.C. announces legislation to close fixed-term rental loophole
Read MoreCivil Resolution Tribunal – Strata Managers Responsibilities
December 15, 2017The strata council can pay a strata property manager to help run the strata corporation. Strata property management companies offer a range of services. Strata property managers are licensed and regulated by the Real Estate Council of BC (RECBC). RECBC also addresses public complaints about strata property managers. Strata property managers might help the strata by: Attending … Continue reading Civil Resolution Tribunal – Strata Managers Responsibilities
Read MoreNew mortgage rules could disqualify 10% of buyers says Bank of Canada
November 30, 2017New mortgage stress tests coming in 2018 could disqualify about 10% of prospective home buyers with larger down payments ineligible for a loan according to the Bank of Canada. The numbers are based on the proportion of low-ratio mortgages issued between mid-2016 and mid-2017 that would have been disqualified if the new mortgage rules had … Continue reading New mortgage rules could disqualify 10% of buyers says Bank of Canada
Read MoreMentee becomes mentor: Top 40 profile of Sean Paulsen – Kelowna Chamber of Commerce BDO’s Top 40 Under 40
September 27, 2017Sean Paulsen, 32, Head of Residential Division at Associated Property Management, is 4th of 40 honourees for the new season of Kelowna Top 40 under 40. Sean Paulsen was a fresh-faced young man of 20 when he first joined Associated Property Management in Kelowna. But rather than backlash from clients who thought he was too … Continue reading Mentee becomes mentor: Top 40 profile of Sean Paulsen – Kelowna Chamber of Commerce BDO’s Top 40 Under 40
Read MoreReal estate experts gaze in Kelowna’s ‘Crystal Ball’ of future development
September 25, 2017Kelowna has been named the fastest growing city in British Columbia, and with population growth comes new development. Licensed by Macdonald Realty Kelowna, local real estate team HM Commercial Group has prepared their annual commercial report that will serve as a “crystal ball” detailing future development in the city. Photo Credit: HM Commercial Group. The … Continue reading Real estate experts gaze in Kelowna’s ‘Crystal Ball’ of future development
Read MoreLocal development group behind purchase of Bernard Ave’s Bargain Shop site
September 13, 2017The purchase of the 1.5 acre site in the heart of Kelowna’s downtown core was big news yesterday, but not many people knew who had actually purchased the property. Tuesday afternoon The Mission Group, one of the city’s leading developers, said it has purchased the site as a way to continue to demonstrate its commitment … Continue reading Local development group behind purchase of Bernard Ave’s Bargain Shop site
Read MoreKelowna rental shortage gets worse while vacation renters profit
September 12, 2017May is a popular moving date for many people living in rental units, as landlords often arrange for leases to end in April and start a new contract during the summer months. For current renters in Kelowna, it’s no surprise that rentals are hard to find. But residents and property managers are saying it’s getting … Continue reading Kelowna rental shortage gets worse while vacation renters profit
Read MoreCanadian Rental Market
August 21, 2017Kelowna is ranked number 7 in the country on the graph attached above. Vancouver has hit the top spot for the most expensive one bedroom rental in Canada. Vancouver is sitting at $1,950.00 while Kelowna lands at $1,060.00. It makes sense as Kelowna’s population keeps expanding. Our rentals here are going for a reasonable price … Continue reading Canadian Rental Market
Read MoreCity of Kelowna Makes Big Purchase
August 4, 2017City buys $11M property Wayne Moore – Aug 4, 2017 / 1:00 pm | Story: 203512 Photo: Google Maps The City of Kelowna has purchased 140 acres of land, including Carney Pond. The City of Kelowna has forked over $11 million for 140 acres of property on Highway 97N. The property is situated on either … Continue reading City of Kelowna Makes Big Purchase
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