Thinking of renting that basement suite? Tips for first-time landlords


"It is a great way to get on the property ladder and live in an area you want but can't otherwise afford, but it comes with a cost," he says. "If you don't do it right, it can drive you crazy, both financially and psychologically."


Read what one couple learned.....


https://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/thinking-of-renting-that-basement-suite-tips-for-first-time-landlords/article4374210/

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The Metro Vancouver housing market saw fewer home buyers and more home sellers in April.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,579 in April 2018, a 27.4 per cent decrease from the 3,553 sales recorded in April 2017, and a 2.5 per cent increase compared to March 2018 when 2,517 homes sold.


Read on...


https://www.rebgv.org/sites/default/files/REBGV-Stats-Pkg-April-2018.pdf

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Developers incentivised to build more rental buildings with cities offering extra density, fee waivers or relaxed parking requirements, that several municipalities have started to offer to developers who build rental.


LEARN MORE...

 


https://www.thestar.com/vancouver/2018/04/25/vancouver-developers-turn-to-rental-as-home-ownership-climbs-out-of-reach-for-many.html

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My happy Buyers purchased 1098 West 24th, North Vancouver.


Amazing starter home or renovation project located right in the heart of the amazing neighborhood of Pemberton Heights! This 2 level, 4 bedroom, 2 bathroom, 2300 s/f home has been extremely well maintained and cared for over the years. Beautiful Custom Kitchen completed last year w/ all S/S appliances. The lower floor (daylight basement) is designed as either a 2 bedroom basement suite or could be also used as additional bedrooms and entertaining space. Enjoy this stunning private patio setting right off the lower level. 50 feet from Sowden Park, 4 blocks to Capilano Elementary (IB) and Daycare/preschool within the neighborhood. A must see home to be able to call Pemberton Heights home.

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A mixed-use, 11-storey tower is proposed for the current site of a Shell gas station at West Broadway and Arbutus in Kitsilano. If it goes ahead, it would see the closure of yet another gas station in a city where places to fill up are increasingly few and far between.

Bastion Developments has not yet submitted a rezoning or development application to the City of Vancouver, but a post on its website offers some details and a rendering of the proposed 88,391-square-foot concrete building, called “Cassis.”

READ ON.....

 

 

 

 

http://www.vancourier.com/real-estate/proposed-kits-tower-would-see-end-of-another-vancouver-gas-station-1.23272337

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Beautiful Kitsilano 2 bedroom 3 bathroom townhouse, with oak hardwood floors, gourmet kitchen with s/s appliances, Italian granite countertops, walk in pantry, main floor den and powder room. Upstairs features 2 bedrooms both with ensuites, laundry and lots of storage.

 

 




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Michael Geller, a contributor to the Vancouver Courier re: real estate/housing issues, always has a clear and calm view of the situation.

Six False Creek affordable housing lots still empty after three decades: Vancouver Sun front page story March 10, 2018

      
While I didn't write this story, I feel partially responsible for it.
     During the recent debate about the forthcoming North-east False Creek development, much was made of the city's promise to include significant affordable housing. This prompted me to comment that this was a noble goal, but before getting too excited about these units, what about the 6 empty social housing parcels lying fallow along the North Shore of False Creek?
     I knew about these parcels because I was given a tour of them by Concord Pacific during the 2008 municipal election. Furthermore, I was involved as an expert witness in a lawsuit over them a few years ago. Following my comments, Lori Cuthbert contacted me. I happily put her in touch with Cameron Gray, who was the City's Housing Director, and while not directly involved in the acquisition of these sites, knew why they remained undeveloped.
     I told Lori that I thought it was outrageous that these sites remained undeveloped, not as a criticism of Concord Pacific, but rather of the city, province and feds who could have come up with a strategy to see these parcels developed with affordable housing, even in the absence of deep government subsidies. Enough said.

     http://vancouversun.com/news/local-news/three-decades-ago-six-big-lots-in-vancouvers-trendy-false-creek-were-reserved-for-affordable-housing-they-remain-empty-today-will-these-600-homes-for-families-and-seniors-finally-be-built