Tips for Renegotiating Your Lease

Tips for Renegotiating Your Lease

As we celebrate the new year, many of you may be about to renegotiate a lease imminently or, at least, sometime in the coming year. This is a daunting exercise for many but it doesn't have to be if you prepare and develop a strategy. Chances are your landlord will take the opportunity to raise the rent by the allowable amount (2.5% in BC). However, if you present your case ...

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Vancouver House Market

Should you sell your rental property?

FEATURE: PHOTO BRENO ASSIS   Who doesn’t appreciate the passive income a rental property provides? Every month, like clockwork, you receive a payment from your tenant. It can serve you very well right through retirement. However, there are a number of other considerations that may encourage you to sell your rental property. We’ve provided a list of some key reasons to weigh up if you should sell, or continue to rent. Are ...

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Modern Kitchen

How to Increase the Rental Value of Your Investment

The most effective way to generate the best return on your investment property is by increasing the rental value of your property especially in competitive rental markets like Vancouver's. Deciding where best to spend your pennies, however, is always a challenge. The fact is that certain renovations are more likely to reap better rewards than others. Here we’ve outlined 5 ways to potentially boost the rental value of your investment. Of ...

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AirBnB Rules in Vancouver

Vancouver’s New Airbnb Rules

Vancouver’s New Airbnb Rules In April 2018, Vancouver City Hall began to regulate the popular home sharing platform, Airbnb, in response to disgruntled citizens wary of sharing their buildings with a revolving door of Airbnb guests and by others desperate for rental housing in a city where occupancy rates are nearing 100%.  In addition, many Vancouverites feel Airbnb is responsible for further inflating property prices and negatively impacting communities.  The data ...

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W1 Luxury Rental Suites Vancouver at Marine and Cambie

liv.rent & Prompton Partner to Launch W1 Luxury Rental Suites

liv.rent is excited to announce we will be working with Prompton Real Estate Services exclusively to release new, luxury rental suites at the W1 development, located at Marine and Cambie in Vancouver. As part of South Vancouver’s newest neighbourhood town centre, the W1 development has a large selection of unfurnished and furnished 1, 2, and 3-bedroom apartments with pet-friendly options.  The stylishly furnished, fully-equipped executive suites will be available for short ...

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Empty Apartment Tax

Ins & Outs of BC’s Empty Home Taxes

As part of a 30-point plan to help alleviate the housing crisis, the Province of British Columbia has imposed a speculation and vacancy tax hoping to turn vacant, under-utilized properties into homes for people living and working in BC. For Vancouverites, this is in addition to the civic Empty Home Tax levied for the same reasons. Though the intent of these taxes is noble, the implementation has proven confusing and ...

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Moving Expenses Tax Deductible Illustration

Did You Know your Moving Expenses are Tax Deductible?

A little-known fact in Canada is that many moving expenses are tax deductible and can boost your return - so keep all your moving related receipts!  Here is a list of moving-related expenses that you can submit to CRA at tax time to help recoup some of the costs associated with your move: Traveling expenses, including car expenses for you and your family; Meals and accommodations on the way to ...

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