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Provincial legislation protecting renters against large rent increases at the end of a fixed-term lease is now in effect. Learn why this legislation came about and what it means for landlords.

Legislation closes fixed-term rental loophole

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Legislation to protect renters against large rent increases at the end of a fixed-term lease is now law.

 

BC Municipal Affairs and Housing Minister Selina Robinson, introduced Bill 16 the Tenancy Statutes...

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A reminder that the City of Vancouver Empty Homes Tax requires all home owners to submit a property status declaration by February 2, 2018.

 

Here's what you need to know:

 

The City of Vancouver brought in an Empty Homes Tax, also known as the Vacancy Tax, on January 1, 2017 under Vacancy Tax By-law No. 11674.

 

The tax came into effect January 1, 2018.

 

All Vancouver home owners have now received a property status declaration from the city and are required to...

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Rate hike increases mortgage costs - but by how much?  Let's not panic.

On January 17, 2018, the Bank of Canada (BOC) raised its overnight interest rate 25 basis points to 1.25 per cent citing the growing economy and rising inflationary trends.

 

In anticipation of this increase, the six major banks raised their posted five-year, fixed-rate mortgage rates to 5.14 per cent from 4.99 per cent.

How will this affect mortgage holders?

All home buyers, even those who don’t require...

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Categories:   BC HOME LOAN Program