2 new changes to the Tenancy Act!

Tenancy Update

It is expected the Government will be lifting some restrictions on Tenant Evictions for reasons OTHER than non-payment of rent in the near future. From the Government’s update:

“Landlords will be able to serve new notices for reasons including landlord/purchaser use, such as where a new owner has purchased a property and intends to move in, and for cause (e.g., where a tenant is putting the landlord or other tenants at risk, or has sublet the apartment without permission). Depending on the type, these will require a notice period of between one and four months.”

It is also expected to put in place a framework that will require Tenants and Landlords work together to develop a plan to repay the rent owed from missed payments over a reasonable amount of time. Tenants will still be responsible to pay outstanding rent when the ban on evictions for non-payment is lifted.

https://news.gov.bc.ca/releases/2020MAH0069-001100

Is it a good idea to buy a home during Covid-19?

Here are 8 good reasons for buying a home today:

1. You need a tax break. The mortgage interest deduction can make home ownership very appealing.

2. You are not counting on price appreciation in the short term. You plan on owning it for at least a few years. Home values in Vancouver have remained stable and could jump out of reach once this situation with Covid-19 ends.

3. You can afford the monthly payments. If you can afford to rent.. you can afford to own. Sure, the 1st monthly payment is all interest… but the middle payment is half in your pocket.

4. You plan to stay in the house long enough for the appreciation to cover your transaction costs. The costs of buying a home include, lender fees, property transfer tax, mortgage insurance and if buying new construction… GST.

5. You prefer to be an owner rather than a renter. An owner never has to worry if the landlord decides to sell and you have to move to a different neighbourhood, or worse.. a different school for your children.

6. You can handle the maintenance expenses and headaches.

7. You are not greatly concerned by dips in home values.

8. You want pride of ownership. As a homeowner, you have the freedom of choice.

Just Listed! Full Duplex in Burnaby

Full Duplex for sale by Tom Ikonomou.jpg

BUYERS DELIGHT! Full Duplex on double sized lot. never worry about pet or rental restrictions again, ever! Bright south facing features 4 fireplaces, two balcony’s on front and two oversized decks at the rear. Parking for at least 8 cars. SIDE A has 3 beds, 2 baths on main & 2 beds plus den and 1 bath below. SIDE B has 3 beds, 2 baths on main & 2 beds, 1 bath below. Both share a large laundry room. All measurements are approx. and to be verified if important. Call for more info today!

https://www.sellmyhousetom.com/listing/252075849-150112788/4235-4237-sardis-street-burnaby-bc-v5h-1i6/

 

Top 13 places to send change of address to

Most people know in advance they will be moving by way of subject removal dates. This time period can be anywhere up to 60 days and is adequate to send emails to your service providers with your new contact info. This will save you additional fees setting up mail forwarding. The following is a list of the 

  1.  Post Office
  2.  Change accounts and credit card agencies
  3.  Friends and Relatives – send them private messages or text your new address.
  4.  Subscriptions, book clubs, record clubs (notice requires several weeks in         advance)
  5.  Bank – transfer funds, arrange for check cashing in new city
  6.  Insurance – Notify regarding new location for coverage:  Life, Health, Fire, Auto
  7.  Automobile registration – Transfer of auto title is necessary: also driver’s license,   city windshield sticker and motor club membership
  8.  Utility Companies – Gas, electric, water, telephone, cable television, fuel: obtain   refund of any deposit made:  arrange for immediate service in new location
  9.  Route Persons – Laundry, newspaper delivery, changeover of services
  10.  School Records – Ask for copies of the transfer of children’s records
  11.  Medical, dental, prescription histories – Ask physicians and dentists for referrals,   transfer needed prescription, X-rays
  12.  Church, clubs, civic organizations – Transfer memberships, request letters of   introduction
  13.  Pets – ask about registration for licenses, vaccinations, tags.  Request transfer of   veterinarian’s records

Neighbourhood Growing Pains

Whether you or I agree with, like it or not, the old has to make way for the new. This can be a heartbreak but that’s the reality. Imagine a city where nothing ever replaced the old. Who would want to live there?

Dunbar commercial property by Tom Ikonomou

New developments make for a more sustainable neighbourhood and the amount of steps and processes a developer has to go through could make anyone go bonkers.

Vancouver real estate by Tom Ikonomou

There is no shortage of people apposing development but in reality.. if it wasn’t for redevelopment, those same individuals would not be living where they currently live. That block of 10 or so homes used to be part of a larger parcel of land where at the time before redevelopment.. was only one home. Thankfully for redevelopment, more people can enjoy the lifestyle of their neighbourhoods of choice.

Dunbar Professional Tom Ikonomou

In another few decades, so too this building (which is modern at the time), will go towards redevelopment.

Dunbar commercial business development by Tom Ikonomou

This block of businesses on Dunbar Street in Vancouver may have a few more years of community life right now, but unfortunately (or should I say fortunately) they too will transition into a better living community for all to enjoy.

Dunbar Village by Tom Ikonomou

 

Strathcona

Location

Strathcona is located on the north side of Great Northern Way and stretched from Main Street to Clark Drive.

Parks

Strathcona has six parks including: Trillium Park, Strathcona Park, Strathcona Linear Park, Mclean Park, Oppenheimer Park, & Thorton Park,

Strathcona Residential Market Stats

Click HERE to go direct to your Neighbourhood. Get access to resources, property info, news & updates via electronic messaging. You may withdraw consent anytime. We take your privacy seriously. For market stats specific to your home and area call Tom Ikonomou direct at 778.879.8366 or reach out to us HERE

To View all Detached homes currently for sale click HERE

To View all Attached homes currently for sale click HERE

South Marine

Location

South Marine is located on the south side of S.E Marine Drive to the Fraser river and stretches from Ontario Street all the way to Boundary Road. South Marine is home to Vancouver’s newest water view condominiums.

Parks

South Marine has two parks including Gladstone Riverside Park, Riverfront Park & Adcy Beach.

South Marine Residential Market Stats

Click HERE to go direct to your Neighbourhood. Get access to resources, property info, news & updates via electronic messaging. You may withdraw consent anytime. We take your privacy seriously. For market stats specific to your home and area call Tom Ikonomou direct at 778.879.8366 or reach out to us HERE

 

To View all detached homes currently for sale click HERE

To View all attached homes currently for sale click HERE