LandlordBC Annual Ressource Guide 2023

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LANDLORDBC.CA GUIDE 2O23
ANNUAL RESOURCE

Save energy, water and money

We can help you improve the comfort and energy

efficiency of your apartment buildings

If you own or manage a rental apartment building, you could get free upgrades,* including water-efficient fixtures installed in each suite, a building energy assessment and ongoing support for further energy-efficiency retrofits with the Rental Apartment Efficiency Program.

That’s energy at work.

Sign up your building and you could get a $100 Amazon® gift card. For eligibility details and terms and conditions, visit fortisbc.com/landlord.

*Terms and conditions apply, available at fortisbc.com/landlord. FortisBC Inc. and FortisBC Energy Inc. use the FortisBC name and logo under license from Fortis Inc. (22-053.1 02/2022) 22-053.1_Landlord BC Ad-CMYK_8.5x11in_Press.indd 1 2/15/2022 9:29:33 AM

David Hutniak

Chief Executive Officer

2023 ANNUAL RESOURCE GUIDE

Office Hours: 8:30 am to 4:30 pm weekdays

Office: 105 — 1001 Cloverdale Ave

Victoria, BC V8X 4C9

Vancouver Island: 250.382.6324

Lower Mainland: 604.733.9440

Toll Free BC: 1.888.330.6707

Hunter Boucher Vice-President, Operations

Erin Breier Manager, Events and Programs

Bianka Cseko Member Services Representative

Bryan Smith Member Services Representative

Lisa Henderson Senior Member Services Representative

Monika Sosnowska Director, Marketing and Communications

Disclaimer: This publication is designed to provide informative material of interest to readers; the opinions of the authors of the articles do not, however, necessarily represent the opinions of the board of directors. The magazine is distributed on the understanding that it does not constitute legal, accounting or other professional advice. Although the published information is intended to be helpful, neither we nor any other party will assume liability for loss or damage as a result of reliance on this material. Appropriate legal, accounting or other assistance should be sought from a competent professional. Articles cannot be re-printed or reproduced in any form without the sole permission of LandlordBC.

Board of Directors

Board Chair: Jason Middleton

Vice-Chair: Michael Drouillard

Secretary-Treasurer: Derek Townsend

The KEY is published by MediaEdge Communications

Directors

James Blair, Nicolas Denux

Jason Fawcett, Dorothy Friesen

Kerri Jackson, Sarah Liu, Paul Sander, Kim Schuss

For any advertising/publishing inquiries, please contact: Dan Gnocato, Publisher, dang@mediaedge.ca or t: 604 549 4521

Publication Mailing #40063056

Magazine Coordinator Erin Breier

Editor Hunter Boucher, hunterb@landlordbc.ca

Editor Monika Sosnowska, monikas@landlordbc.ca

Production MediaEdge Communications

STRATA

CIVIL

2023 ANNUAL RESOURCE GUIDE | 3
HOUSING LAW
LEGAL SERVICES FOR NON-PROFIT HOUSING PROVIDERS NON-PROFIT
Governance • Tenancy Disputes
Constitution and Bylaw
Revisions
Human Rights • Privacy
PROPERTY LAW
LAW
CONSTRUCTION
RESOLUTION TRIBUNAL NORTH VANCOUVER / VICTORIA

CEO’S MESSAGE

National Apartment Group BC

We are a leading apartment building sales team in BC that has the ability to reach buyers across the globe with 530+ offices situated in all major markets around the world. We are a team with significant local knowledge and expertise that is globally connected, a combination that is indispensable and creates the most competitive marketing program. We specialize in achieving maximum value for our clients, while at the same time maintaining a professional sales process all the way through!

• Are you an owner of an apartment building or development site and considering selling?

• Curious about your property’s market value? Contact us today for a no obligation property valuation!

This past year has been a year of transition out of the COVID-19 pandemic to our new normal. With the 2022 AGM, we resumed hosting in-person events. A significant part of LandlordBC’s offerings is ensuring you have access to a directory of trades and suppliers you trust and that you are getting the best value and highest quality for your investment. Our Associate Member and Corporate Supplier program delivers just that by providing access to a qualified, diverse, and competitive array of suppliers.

We know that finding reliable trades and suppliers can be difficult and timeconsuming. With that in mind, our work to form new partnerships with suppliers is something we never stop working at and our commitment to due diligence in ensuring members can be confident with their choice is always at the centre of our process. A core value we look for in all our suppliers is integrity, while cost savings and timeliness are both important, integrity and trust in each other’s work are where we find the most successful business relationships.

From supporting our member’s businesses, sponsoring our events, and providing educational content on a diverse array of industry-impacting topics our associate members and corporate suppliers have and continue to step up. We thank our associate members and corporate suppliers for their support of our association and our industry.

This year in addition to a more simplified directory we have included more details on our group programs available to you — our members. Further we have included excerpts from the CMHC Rental Report, A LandlordBC 2023 Quick Reference Guide, and the Landlord Checklist.

Multi-Family Specialists

View more listings:

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DEVELOPMENT SITE IN BROADWAY PLAN VANCOUVER TRANSIT-ORIENTED DEVELOPMENT SITE • Located in the heart of vibrant Mt. Pleasant • List Price: Bid Process - Contact Agents FOR SALE *SOURCE: Altus Data Studio and CBRE Limited (Jan. 1st, 2015 – December 31, 2022). Includes transactions with co-operating Brokers.
CBRE Limited, Real Estate Brokerage
NationalApartmentGroupBC.ca
Greg Ambrose Lance
Personal Real Estate Corporation Vice President National Apartment Group-BC 604 662
greg.ambrose@cbre.com Executive Vice President National Apartment Group-BC 604 662 5141 lance.coulson@cbre.com
leader in Metro Vancouver and Greater Victoria apartment building sales, with total sales value in
of
Billion* between 2015 - 2022. OFFICE STRATA UNIT NORTH VANCOUVER FOR SALE • SECOND FLOOR UNIT | FULLY LEASED TO BANK OF MONTREAL • Located along busy Main Street • List Price: $995,000 • 4 STOREY, 60 SUITE RENTAL PROPERTY • Located in Sidney, BC just 25 minutes from Downtown Victoria • Status: Sold (July 2022) ROBERTS MANOR SIDNEY SOLD • 71 SUITE PURPOSE BUILT RENTAL BUILDING • Located in Sidney, BC just 25 minutes from Downtown Victoria • Status: Firm Deal FIRM DEAL OSLO ON FIFTH APARTMENTS SIDNEY THE LINCOLN APARTMENTS LANGLEY • 92 RENTAL UNITS | CONDO QUALITY • Close to Willowbrook Shopping Centre and Future SkyTrain station • Status: Under Contract UNDER CONTRACT RETAIL STRATA UNIT NORTH VANCOUVER FOR SALE • GROUND FLOOR UNIT | FULLY LEASED TO BANK OF MONTREAL • Located along busy Main Street • List Price: $3,950,000 4% CAP RATE MCKENZIE MANOR APARTMENTS VICTORIA 70 UNITS ATTRACTIVE SUITE MIX • Located across the street from an abundance of tenant-friendly amenities • List Price: Contact Agents for Details FOR SALE • 24 SUITE RENTAL APARTMENT BUILDING • Located in Nanaimo minutes from the Nanaimo Harbourfront and Downtown • Status: Sold (Nov 2022) REGENCY MANOR APARTMENTS NANAIMO SOLD PARQUE ON PARK APARTMENTS LANGLEY BRAND NEW 94 SUITE LUXURY PURPOSE BUILT RENTAL BUILDING • Located steps from future SkyTrain station • List Price: $56,400,000 FOR SALE
Coulson
5178
A
excess
$2
Stacey Wilson Vice-President, Client Executive T. 778-374-4125 swilson@bflcanada.ca

LANDLORDBC’S ASSOCIATE MEMBER /CORPORATE SUPPLIER PROGRAM ASSOCIATE MEMBERS

LandlordBC members consistently tell us that they value our supplier program because it provides them with increased confidence knowing that the organizations involved in the program are committed to customer service and to the delivery of quality products and services.

We have two categories of participation for our suppliers:

1) Associate Members, and 2) Corporate Suppliers.

Associate Members are distinguished within our organization for not only the professionalism they display as providers of services and products to our members, but also for the

generous financial support they give our organization through their $1,000 annual program dues and their commitment to a minimum of $2,000 sponsorship of our events in 2023.

We encourage all our members to call our Associate Members and Corporate Suppliers first when you need services or support in the management and maintenance of your rental properties. Associate Members are identified with the AM beside their name in the various category listings.

Please see page 8 for a complete listing of our Associate Members!

LANDLORDBC’S ASSOCIATE MEMBER/ CORPORATE SUPPLIER CODE OF ETHICS

• Associate Members/Corporate Suppliers shall abide by the Constitution, By-Laws and Policies of the Association.

• Associate Members/Corporate Suppliers shall co-operate, where appropriate, with the Association in providing an exchange of information for the benefit of member relations.

• Associate Members/Corporate Suppliers shall comply with all licensing and bonding requirements and endeavour to comply with all the regulations of applicable municipal, local, provincial, or federal agencies and authorities, and provide the Association with periodic confirmation on request.

• Associate Members/Corporate Suppliers shall strive to serve customers with honest values and avoid any action that contradicts this principle.

• Associate Members/Corporate Suppliers shall ensure all contracts to members are offered in good faith and are free from clauses that dictate automatic renewal, right of first refusal, and unsubstantiated annual price increases.

• Associate Members/Corporate Suppliers shall honour all commitments and guarantees, and seek to resolve any disputes in a fair and expeditious manner.

• Associate Members/Corporate Suppliers shall support the principles and objectives of the Association and not engage in any activity that would reflect adversely on the Association or its members.

BENEFITS OF MEMBERSHIP

• Information Services

• Education Seminars

• Tenancy Forms

• Trusted Trades & Suppliers

• Networking Events

• The Key Magazine

• Government Advocacy

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Vancouver 2050 Build, Broker, Buy, Insure, Roof, Plumb, Wire, Glaze and Property Manage this: dan@bcapartmentinsider.com 778.828.9763 cwinckers@bcapartmentinsider.com Carl Chen, PREC 778.998.8194 carl@bcapartmentinsider.com Our Great City Needs New, Energy E cent Rental Buildings. Lots of Them. Apartment Buildings | Land Assemblies Strata Dissolution | Investment Properties

LANDLORDBC’S ASSOCIATE MEMBERS

A-1 WINDOW MANUFACTURING LTD.

A1 Window has been manufacturing windows since 1992. A-1 supplies and installs aluminum and vinyl windows. Roque Datuin or Mohsen Youssefi at 604.777.8000 roque@a1windows.ca mohseny@a1windows.ca www.a1windows.ca

CANADA MORTGAGE & HOUSING CORPORATION

Canada Mortgage and Housing Corporation (CMHC) is Canada’s national housing agency. CMHC works with community organizations, the private sector, non-profit agencies and all levels of government to contribute to the stability of the financial system, facilitate access for Canadians in housing need, and offer objective housing research and advice to governments, individuals and the housing industry. Contact Eric Bond at 604.737.4144 ebond@cmhc.ca www.cmhc-schl.gc.ca

CURAFLO OF BC LTD.

CuraFlo has over 50 years combined experience in plumbing and fire suppression systems, over 25 years of Repiping and Epoxy lining pipes, and 5 years of preventing water leaks/spills using automatic control/alert systems. CuraFlo crews are experts in minimizing the mess and fuss often associated with plumbing work and addressing all resident’s concerns. CuraFlo’s experiences in Care Home/Hospital projects has proven a valuable training, honing the skills of our crews.

Contact for a complimentary quotation 604.298.7278

info@curaflo.com

http://www.curaflo.com

ALLIED PLUMBING, HEATING & AIR CONDITIONING

Allied has been one of the premier plumbing, heating, and air conditioning contractors in Vancouver and surrounding areas since 1993.

Contact Lance Clark at 604.731.1000 lance@allied-plumbing.ca www.allied-plumbing.ca

BFL CANADA RISK AND INSURANCE SERVICES INC.

BFL Canada is the one of largest risk management, insurance brokerage and benefits consulting firms in Canada, that is also owned and managed by its employees.

Contact Stacey Wilson at 778.374.4125 swilson@bflcanada.ca www.bflcanada.ca

COINAMATIC CANADA INC.

Coinamatic offers Huebsch or Maytag commercial laundry equipment with either laundry card, mobile payment or coin vended payment system options. Our Coinamatic CP Mobile app can operate mobile only or can be paired with an existing coin or card payment system allowing users to download a mobile app, establish and load an account, and start the machines using their smart phone! Let your residents pay how they want to pay! Our multilingual call centre is available Monday to Friday from 8 a.m. to 8 p.m. to assist residents and managers with their queries and any service issues. Our new online service request portal is available 24/7 through the Coinamatic website for service requests and refund request ensuring that your call is placed and responded to when you need it!

Contact Jack Ursaki at 604.813.7805 jursaki@coinamatic.com www.coinamatic.com

FORTISBC

At FortisBC we are moving forward and making progress to meet BC’s diverse energy needs. This includes increasing our investment in energy efficiency and expanding our supply of low carbon Renewable Natural Gas. Learn more about solutions available to you now:

Contact Mel Tugade Mel.Tugade@FortisBC.com www.fortisbc.com

FRESCO BUILDING EFFICIENCY

BRIGHTER MECHANICAL

Over 35 Years of Industry Leadership: Re-Piping is Our Business. As the leading re-piping contractor in British Columbia, Brighter Mechanical has been re-piping residential and commercial buildings since 1988.

Contact Bryn Werry at 604.279.0901 bryn@brightermechanical.com www.brightermechanical.com

FRESCo is a consulting firm specializing in energy & emissions in multi-family/commercial buildings. We provide engineering & project management services and are able to offer free energy assessments and support through our industry funding partnerships. Our work includes building mechanical systems and electric vehicle infrastructure and support for accessing rebates, tax incentives, and preferential financing. FRESCo simplifies the otherwise complex processes of assessing building performance, identifying opportunities for savings, securing funding and financing, implementing measures, and verifying performance.

Contact Jordan at 778.783.0315 info@frescoltd.com www.frescoltd.com

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HADDOCK & COMPANY

Haddock & Company is a recognized leader in the delivery of legal services to the residential housing industry. Our broad-based clientele look to us to provide peace of mind and reasonable solutions – and we deliver. We love what we do and we’re good at it.

Contact Grant Haddock 604.983.6670 info@haddock-co.ca www.haddock-co.ca

RENTCHECK CREDIT BUREAU

Premium Canadian-American Credit Reports (English/ French) and Business Commercial Credit Reports at discounts for LBC members. Authentic Tenancy History,with 6-million-plus rental records. Our new product, DebtorSearch, is a fast, effective tool to help find people owing housing charges. Turnaround time 2 seconds or less for all online products. In our 47th year serving landlords all across Canada and America. No annual fees; savings up to 77%. Contact sales@rentcheck.ca or 1.800.661.7312 x 221 www.rentcheckcorp.com

MANNA PLUMBING

Manna Plumbing specializes in re-piping apartment buildings, townhouses, and hotels.

Contact Chris Kobilke at 604.710.3908 chris@mannaplumbing.com www.mannaplumbing.com

RONA & LOWES

RONA & LOWES offer preferred pricing, priority service with a strong store network Landlord BC members can save 5% off on your purchases and 10% off on paints. Become a VIPPRO member by downloading the mobile app. We also offer delivery services, installation services and custom quoting for larger projects.

Contact Brad LeGrow for more details at 604.314.1366 brad.legrow@rona.ca

www.rona.ca

www.lowes.ca

MEGSON FITZPATRICK INSURANCE SERVICES

Megson FitzPatrick is a leading insurance brokerage in business since 1968 providing LandlordBC members with a competitive property insurance program for buildings containing ten of fewer self-contained rental units. Megson FitzPatrick also offers preferred terms to members who own larger buildings.

Contact Mike Nichol at 250.519.2300 (1.888.595.5212) mnichol@megsonfitzpatrick.com www.megsonfitzpatrick.com

TELUS

COMMUNICATIONS

The TELUS Partner Program is designed to give residents access to enhanced offers, savings and customer service. Building value for your company by pursuing the interest of residents via a partnership agreement with TELUS and ensuring residents in your building portfolio are informed of the latest offers and benefit from our most competitive rates.

• TV and streaming packages

• Mobility & phone plans

• Health & well-being services

VICTORIA DRAIN SERVICES

Victoria Drain Services is your ‘one-stop shop’ providing a wide range of services from power rooting to ‘trenchless’ pipe replacement. Victoria Drain has built a reputation for providing high quality service at competitive rates for both residential and commercial customers.

Contact Dave Lloyd at 250.818.1609 info@victoriadrains.com www.victoriadrains.com

WASTE CONNECTIONS OF CANADA

Waste Connections of Canada has been providing excellent service in waste disposal services to Canadian Commercial, residential, and MURB owners for over 25 years. Contact Tomas Hansen at 604.834.7578 tomas.hansen@wasteconnections.com www.wasteconnections.com

PENDO

Landlords & Property Managers, say hello to Pendo! The super intuitive platform to manage your rentals. Pendo provides you with a simple, all-in-one place to manage your rental properties, whether you’re overseeing one property or hundreds. Love Pendo? Current LandlordBC members receive a 10% discount on a monthly subscription and can save another 10% off an annual subscription. Visit www.pen.do/landlordbc to sign up for a 30-day free trial (no credit card needed!). contact@pen.do

• Home & online security

• Dedicated local customer service

Contact your TELUS Channel Manager today to learn more about NEW 2023 bulk TV and Internet options and to discuss the best partnership agreement available for your Property Management Company.

Sarah.Ballantyne@Telus.com

Pavan.Sandu@Telus.com

Kayla.Bosch@Telus.com

YARDI BREEZE PREMIER

Discover intuitive and powerful property management software designed for your business. This refreshingly simple platform helps you take your processes online, from marketing and leasing to operations and investment management. By leveraging the cloud, you can confidently stay connected with your tenants, staff and investors from anywhere. Learn more by visiting www.yardibreeze.ca

amanda.moreira@yardi.com

2023 ANNUAL RESOURCE GUIDE | 9 2023 ANNUAL RESOURCE GUIDE

Landlord’s Checklist

Application Received Date: Application Approved

Locks Changed *If requested, locks to the rental unit must be changed between tenancies

Date:

Security Deposit Requested *Landlords may request up to half of one month’s rent as security deposit.

Date: Amount: Method of Request:

Security Deposit Paid *Tenants have 30 days from the date it is required to pay a deposit

Date: Amount: Method of Request:

Pet Damage Deposit Requested *Landlords may request up to half of one month’s rent as pet damage deposit.

Date: Amount: Method of Request:

Pet Damage Deposit Paid *Tenants have 30 days from the date it is required to pay a deposit.

Date: Amount: Method of Request:

Pet Agreement *It is recommended that pet agreement be signed for each pet a landlord is allowing the tenant to keep.

Pet Type/Name: Date Signed: Pet Type/Name: Date Signed: Pet Type/Name: Date Signed:

Tenancy Agreement Signed *The agreement should be signed as soon as possible and before the tenant moves in

Date Signed:

For the use of LandlordBC members only. If you are not a member of LandlordBC, any review, dissemination or copying of this document or the information it contains is prohibited.

10 | 2023 ANNUAL RESOURCE GUIDE 2023 ANNUAL RESOURCE GUIDE 1
Date:
Email: retrowindow@telus.net | Fax: 604-291-6750 LOWER MAINLAND 604-291-6751 VANCOUVER ISLAND/OKANAGAN 1-866-291-6751 It's time... Quick, competitive quotations Direct to owner, GC or envelope consultant Quick, competitive quotations Direct to owner, GC or envelope consultant

Tenancy Agreement Served * Landlords must provide a copy of the signed agreement no later than 21 days after entering into a tenancy

Date: Method of Service:

Email as a Method of Service *Email may be used as a method of service in a tenancy, but the email must be provided with the express intention that it be used a method of service. This can be done on the tenancy agreement or a separate form.

Date: Form Used:

Condition Inspection (Move-In) Scheduled *Landlords must make at least two attempts to schedule a condition inspection.

Date of Inspection by Agreement: Communication Method:

Date of Inspection by Notice: Method Served:

Condition Inspection (Move-In) Completed *The inspection should be completed with the tenant present but before their belongings are moved into the unit

Date of Inspection:

Condition Inspection (Move-In) Served *Landlords must provide tenants with a copy of the move-in inspection no later than 7 days after the inspection is completed

Date: Method of Service:

Rent Increases *Rent may be increased no earlier than 12 months since the rent was established or last increased

Date Served: Method of Service: Effective Date:

Date Served: Method of Service: Effective Date:

Date Served: Method of Service: Effective Date:

Date Served: Method of Service: Effective Date:

Date Served: Method of Service: Effective Date:

Date: Form Used

For the use of LandlordBC members only. If you are not a member of LandlordBC, any review, dissemination or copying of this document or the information it contains is prohibited.

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End of Tenancy Served/Received

Method of Service: Effective Date:

Condition Inspection (Move Out) Scheduled *landlords must make at least two attempts to schedule a condition inspection

Date of Agreed Upon Inspection Date: Communication Method:

Date of Inspection by Notice: Method of Service:

Condition Inspection (Move-Out) Completed *The inspection should be completed with the tenant present but after their belongings are moved out of the unit.

Date of Inspection:

Condition Inspection (Move-Out) Served *Landlords must provide tenants with a copy of the move-out inspection no later than 15 days after the later of the date the inspection is completed, and the forwarding address is provided

Date: Method of Service:

Forwarding Address Received Date:

Deposits *At the end of the tenancy landlords must deal with any deposits no later than 15 days after the later of the date the tenancy ended, and the forwarding address is provided. It is important to remember that if the tenant only agrees to a partial deduction of the deposit a landlord must either return or apply to retain the remainder within the 15-day timeframe.

Deposits and Interest *Landlords must determine if there is any interest owed on the security or pet deposit. This can be done by using the RTB’s interest calculator here: http://www.housing.gov.bc.ca/rtb/WebTools/InterestOnDepositCalculator.html

Security Deposit Interest: Pet Deposit Interest:

Returned

Date: Method of Payment: Method of Service:

Signed Consent to Retain

Date: Form Used:

Applied Through Dispute Resolution

Date of Application:

For the use of LandlordBC members only. If you are not a member of LandlordBC, any review, dissemination or copying of this document or the information it contains is prohibited.

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BMS Plumbing & Mechanical is the best solution to your plumbing problems. Family owned and operated, we has been repiping throughout the Lower Mainland since 1986. Having pioneered and implemented innovative systems, we consistently deliver the highest quality service both on time and on budget. BMS takes your project from planning stages to the finished project, while ensuring your experience is stress free.

Providing the best
to
it means
to you. 1263 Clark Drive Vancouver, BC V5L 3K6 t. 604.253.9330 f. 604.253.9340 Info@bmsgroup.ca www.bmsgroup.ca
repiping solutions means everything
us because
everything

LANDLORDBC GROUP PROGRAMS

We have partnered with respected service providers to develop various money-saving programs that members can take advantage of. For more information on these programs visit the members only section of the LandlordBC website.

ENERGY EFFICIENCY – OPERATION CO$T-CUTTER

Numerous inefficiencies in your building lead to increased energy consumption and increased utility bills. LandlordBC, in partnership with industry recognized energy efficiency experts, FortisBC, BC Hydro, FRESCo, and other stakeholders, is leading an initiative called “Operation Cost-Cutter” wherein we will work with owners and property managers to identify areas where you can take advantage of incentives and develop and execute other energy efficient measures to support the efficient use of natural gas and electricity in your multi-family building.

To learn more contact David Hutniak at davidh@landlordbc.ca

WASTE DISPOSAL – WASTE CONNECTIONS OF CANADA

LandlordBC is pleased to provide a waste management group program to our members. We have partnered with the third largest non-hazardous solid waste solutions provider in North America, to deliver a cost-effective garbage collection solution exclusive for our members.

For more information contact Tomas Hansen at Waste Connections at tomas.hansen@wasteconnections.com

INSURANCE - MEGSON FITZPATRICK AND BFL CANADA INSURANCE SERVICES INC.

LandlordBC provides all members with the opportunity to save on property insurance via our two recommended insurance brokers. We offer a group program designed specifically for owners with buildings that have 10 or fewer self-contained units via our partner Megson Fitzpatrick. For those members who own/operate buildings with more than 10 units, BFL Canada offers Apartment Protect to meet your insurance needs.

For more information on building insurance contact Mike Nichol at Megson Fitzpatrick Insurance Services mnichol@ megsonfitzpatrick.com, and for information on Apartment Protect contact Paul Murcutt at BFL pmurcutt@bflcanada.ca.

HOME IMPROVEMENT & CONSTRUCTION PRODUCTS - HOME DEPOT

Partnering with a national home improvement and construction products and services retailer, we offer exclusive access to their Contractor Program. No matter how big or small your project, you can earn quarterly rebates and access volume pricing.

More information can be found in the members only section of landlordbc.ca

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PREFERRED PROVIDER LEGAL PROGRAMHADDOCK & COMPANY

LandlordBC members are automatically entitled to take advantage of our preferred-provider legal program. This program provides you with preferred rates for access to senior associates at a designated law firm positioned to assist you, regardless of where you are located in the province. This program is designed for members who have a specific question or problem regarding landlord/tenant issues that requires the intervention by a legal professional.

Contact Grant Haddock, Haddock & Company at cgh@haddock-co.ca.

CREDIT CHECKS - RENT CHECK

We partnered with RentCheck to help property owners and managers vet prospective tenants with affordable, accessible, credit checks from Equifax and TransUnion. At $8.00 for the basic credit check and $13 for a full model report, and no application or enrollment fees, you save over 80% per report. The reports are instant and accessible online 24/7. Visit the RentCheck website at rentcheckcorp.com

TENANCY FORMS – PENDO

With professionally drafted proprietary tenancy forms (including applications, agreements, and condition inspection reports) you have the documentation you need when you need it. LandlordBC’s proprietary forms can be accessed via the secure online platform, Pendo. Visit www.pen.do/landlordbc to get started.

For more information visit the members only section of landlordbc.ca

2023 ANNUAL RESOURCE GUIDE | 17 2023 ANNUAL RESOURCE GUIDE

LANDLORDBC 2023 QUICK REFERENCE

2023 INCREASE PERCENTAGE: 2%

Rent increases require three months notice and cannot be effective less than 12 months since the last increase or the date the rent was established.

HANDLING OF DEPOSITS AT THE END OF TENANCY

At the end of the tenancy if the tenant has provided a forwarding address the landlord must deal with the deposit in one of three ways within 15 days of the later of the day the tenancy ends or the date the forwarding address was provided. The three options are:

• Return the Deposit.

• Obtain consent to retain all or part of the deposit.

• Apply to the RTB through their Dispute Resolution Process. Tenants have one year from the date the tenancy ends to provide a forwarding address. Arbitrators may only apply the Pet Damage Deposit to pet damage.

NOTICE OF ENTRY

Interest on deposits is calculated from the date the deposit is taken to the date it is received by the tenant. Landlords and tenants should utilize the easy to use Deposit Interest Calculator on the RTB website.

Example

Deposit: $500 taken by the landlord January 1, 2021 and received by the tenant March 24 2023.

The total that should be returned is $502.22 based on the $2.22 of interest that is owed on the deposit.

2021 $500.00: $0.00 interest owing (0% rate for 100.00% of year)

2022 $500.00: $0.00 interest owing (0% rate for 100.00% of year)

2023 $500.00: $2.22 interest owing (1.95% rate for 22.74% of year)

Landlords must provide 24 hours notice to enter a tenant’s unit and are allowed to enter up to once a month for regular inspections. Landlords should take into consideration the method of service used as that may add time to their notice. For example, if a notice is posted on the tenants door, the notice is considered received three days later and the landlord may enter 24 hours from then. Landlords may also obtain consent from their tenant to enter their unit not more than 30 days before entering.

METHODS OF SERVICE

When serving notices, whether it’s a notice of entry, rent increase, end of tenancy or anything else, landlords must consider the method of service they are using both to ensure it’s a valid method and what the delay for service may be.

Give a copy directly to the tenant

Send a copy by registered or regular mail to the address of the rental unit if the tenant still lives there or to the forwarding address provided

Attach a copy to the door or other noticeable place at the address where the tenant lives

Leave a copy with an adult (19 years or older) who apparently lives with the tenant (landlords should note the name of the person)

Leave a copy in a mailbox or mail slot at the address where the person lives

Same day

5 days later when the tenant does not say or show that they received it on an earlier date

3 days later when the tenant does not say or show that they received it on an earlier date

Same day

3 days later when the tenant does not say or show that they received it on an earlier date

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Security and Pet Damage Deposits Period Interest Rate 2023 1.95% 2009 - 2022 0.00% 2008 1.50% 2007 1.50% 2006 0.50% 2002 - 2005 0.00% 2001 3.00% 2000 2.00%
Method It’s considered received…

Fax a copy to the contact number provided by the tenant

3 days later when the tenant does not say or show that they received it on an earlier date

Email a copy to the email address provided by the tenant.

*Note - email can only be used if a party has provided an email address specifically for service.

In any other way that is ordered by the Residential Tenancy Branch

Slide a copy under the tenant’s door

Using text messaging or social media messaging service

RESIDENT CARETAKER MINIMUM WAGE

The minimum wage for resident caretakers is a monthly wage based on the number of suites in the building. Please note that there are generally minimum wage increases effective in June of each year. LandlordBC will ensure our members are updated on the 2023 rate as soon as it is available.

3 days later when the tenant does not say or show that they received it on an earlier date

Determined by the Residential Tenancy Branch

Not considered served – this is an unacceptable method

Not considered served – this is an unacceptable methodNot considered served – this is an unacceptable method

For a building with nine to 60 residential suites:

June 1, 2021 – $912.28 per month plus $36.56 for each suite

June 1, 2022 – $937.82 per month plus $37.58 for each suite

For a building with 61 or more residential suites:

June 1, 2021 – $3,107.42 per month

June 1, 2022 – $3,194.43 per month

2023 ANNUAL RESOURCE GUIDE | 19 2023 ANNUAL RESOURCE GUIDE Apartment Financing Specialists CMHC and Conventional The Best Pricing in the Market Derek Townsend Principal 604‐683‐2518 dtownsend@ citifund.com 700 – 1111 W. Hastings St. Vancouver, BC V6E 2J3 Visit our website at www.citifund.com to see some of our past projects.
Method It’s considered received…

CMHC RENTAL MARKET REPORT

Canada Overview, Vancouver and Victoria Market Insights

The Rental Market Report provides in-depth analysis for major centres across Canada. This report is released annually and uses data from CMHC’s Rental Market Survey and Condominium Apartment Survey. This analysis provides insights on trends and conditions in Canada’s primary and select secondary rental markets. This includes reviews of rents and vacancy rates relative to supply and demand and highlights rental affordability challenges across markets.

CANADA OVERVIEW

PURPOSE BUILT RENTAL MARKET

HIGHLIGHTS

Vacancy Rate Vacancy Rate

1.9% 1.6%

Average Two-Bedroom Rent Average Two-Bedroom Rent

$1,258 UP BY 5.6% $1,930

Growth in demand outpaced strong growth in supply, pushing the vacancy rate for purpose-built rental apartments down from 3.1% to 1.9%. This was the vacancy rate’s lowest level since 2001. Rent growth, for its part, reached a new high.

Rental demand surged across the country. This was a reflection of higher net migration and the return of students to on-campus learning. Another factor was higher mortgage rates, which drove up already-elevated costs of homeownership.

CONDOMINIUM APARTMENT MARKET

Despite higher overall supply, the share of rental units that are affordable for the lowest-income renters is, in most markets, in the low single digits or too low to report. This is especially true in Ontario and British Columbia (B.C.).

New data: Average rent growth for 2-bedroom units that turned over to a new tenant was well above average rent growth for units without turnover (18.2% vs. 2.8%). This increased affordability challenges.

20 | 2023 ANNUAL RESOURCE GUIDE 2023 ANNUAL RESOURCE GUIDE
Excerpts reprinted with permission.

VACANCY RATE AT A NEAR HISTORIC LOW

Rental supply increased sharply between October 2021 and October 2022. This increase was measured by growth in the rental market universe, which went up by about 55,000 purpose-built rental apartments (+2.6%). This was the strongest rate of increase since 2013, reflecting elevated supply growth in some large markets. A notable example was the record-high increase in Vancouver. That said, rental demand was stronger. The number of occupied units increased by about 79,000 units (+3.8%). This increase drove the national vacancy rate down to 1.9%, ending a 2-year streak of stability at historically average levels (figure 1).

(measured

2023 ANNUAL RESOURCE GUIDE | 21 2023 ANNUAL RESOURCE
GUIDE
RENTAL MARKET REPORT — JANUARY 2023 7
Figure 1 In 2022, Canada's purpose-built rental apartment vacancy rate fell to its lowest level since 2001 The divergence between vacancy rates among Canada’s 3 largest markets reflects differences in their gaps between demand growth and supply growth. As figure 2 shows, Toronto posted the largest gap between the growth of
demand
as the growth in occupied rental units) and the growth of supply (the increase in Toronto’s rental universe). This gap helped drive the large vacancy rate decline in Toronto. Figure 2 Strong growth in supply was outpaced by stronger growth in demand in most centres, for purpose-built rental apartments in 2022
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Vacancy rate Average vacancy rate (1990–2022) 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 % 2022 VR = 1.9% Average VR (1990–2021) = 3.2%
Source: CMHC Canada total includes all centres of 10,000+ population.
-4 -2 0 2 4 6 8 10 12 Change in Universe (%) Change in Occupied Units (%) CANADA Halifax Montréal Québec Gatineau Ottawa Toronto Kingston London St. Catharines- Niagara Windsor Peterborough Belleville * KCW Greater Sudbury Hamilton Regina Winnipeg Saskatoon Calgary Edmonton Victoria Vancouver
Source: CMHC Canada total includes all centres of 10,000+ population. *Kitchener-Cambridge-Waterloo.

The decline in the national vacancy rate reflected widespread tightening across Canada’s rental markets. Only 5 of the 37 census metropolitan areas (CMAs) surveyed reported significantly higher vacancy rates in 2022 than in 2021. Declining rates in Canada’s three largest rental markets of Montréal, Vancouver and Toronto reflected the national result. Toronto reported a particularly sharp decline.

The divergence between vacancy rates among Canada’s 3 largest markets reflects differences in their gaps between demand growth and supply growth. As figure 2 shows, Toronto posted the largest gap between the growth of demand (measured as the growth in occupied rental units) and the growth of supply (the increase in Toronto’s rental universe). This gap helped drive the large vacancy rate decline in Toronto.

HIGHER NET MIGRATION AND COSTS OF HOMEOWNERSHIP ARE AMONG THE DRIVERS OF HIGHER RENTAL DEMAND

Strong growth in rental demand across the country reflected:

• signific antly higher net migration, as flows continued to benefit from relaxed COVID-related travel restrictions. (New immigrants have a high tendency to rent);

• stable employment conditions for those aged 15–24, supporting demand from young households, which also have a higher tendency to rent; and

demand

• a higher overall propensity to rent (caused by mortgage rate increases and relatively high prices, which increased the costs of transitioning to homeownershi p).

These drivers were widespread geographically. However, every rental market is different, and the impacts of these drivers will vary among them. In the Prairies, for example, rental demand has also benefitted from:

• higher interprovincial migration; and

• stronger employment stemming from higher commodity prices.

Ontario, B.C. and Québec saw the highest flows of new immigrants. This flow placed additional demand pressures on their local markets. The return of students to on-campus learning was also particularly important in centres with large higher-learning sectors. These and other nuances impacting local markets are explained in greater detail in the market reports.

Higher mortgage rates and elevated price levels have made homeownership more expensive in 2022. These increased costs supported rental demand by making it harder and less attractive for renters to transition to homeownership.

The decline in turnover rates observed since the previous survey is consistent with increased difficulty in transitioning to homeownership. The national turnover rate fell from 15.5% in 2021 to 13.6% in 2022. A lower turnover rate indicates a reduced willingness of households to vacate a rental unit. This contributes to lower overall vacancy rates and tighter rental markets.

22 | 2023 ANNUAL RESOURCE GUIDE 2023 ANNUAL RESOURCE GUIDE
RENTAL MARKET REPORT — JANUARY 2023 7
The divergence between vacancy rates among Canada’s 3 largest markets reflects differences in their gaps between demand growth and supply growth. As figure 2 shows, Toronto posted the largest gap between the growth of
(measured as the growth in occupied rental units) and the growth of supply (the increase in Toronto’s rental universe). This gap helped drive the large vacancy rate decline in Toronto.
Figure 2 Strong growth in supply was outpaced by stronger growth in demand in most centres, for purpose-built rental apartments in 2022
-4 -2 0 2 4 6 8 10 12
Source: CMHC Canada total includes all centres of 10,000+ population. *Kitchener-Cambridge-Waterloo.
CANADA
Gatineau
Change in Universe (%) Change in Occupied Units (%)
Halifax Montréal Québec
Ottawa Toronto Kingston London St. Catharines- Niagara Windsor Peterborough Belleville * KCW Greater Sudbury Hamilton Regina Winnipeg Saskatoon Calgary Edmonton Victoria Vancouver

RENT GROWTH REACHED A NEW HIGH DUE TO TIGHTER RENTAL MARKETS

Growth in the average rent for 2-bedroom purpose-built apartments common to 2 consecutive surveys is known as “same-sample rent growth.” For apartments common to the October 2021 and October 2022 surveys, same-sample rent growth accelerated sharply. It rose to 5.6% from 3% over the previous 12-month period. This is a new annual high, well above the 1990-to-2022 average of 2.8%.

Higher rent-growth was widespread geographically, with particularly large jumps observed in Vancouver and Toronto. This reflects higher flows of immigrants to these centres, among other factors discussed in the market reports. Result: the average rents for 2-bedroom purpose-built apartments in Vancouver ($2,002) and Toronto ($1,779) continue to be the highest in the country. They’re well above the national average of $1,258.

NEW RENTERS AND LOW-INCOME RENTERS FACE EVEN TIGHTER MARKET CONDITIONS

Average rent growth for purpose-built, 2-bedroom units that turned over to a new tenant was 18.3%, well above the 2.9% rent growth for units without turnover. This reflects the fact that, once a tenant vacates a unit, landlords are generally free to increase asking rents to current market levels. Landlords

can also take the opportunity to renovate between tenants. In doing so, they raise unit quality and can then ask for higher rents from new tenants.

Among the three largest markets, Toronto reported the widest gap between rent growth for units that turned over and rent growth for units without turnover. Vancouver followed, and Montréal had the narrowest gap of the 3:

• Toronto (29.1% rent growth for turnover units vs. 2.3% for non-turnover units)

• Vancouver (23.9% vs. 3.9%)

• Montréal (14.5% vs. 3.5%)

2023 ANNUAL RESOURCE GUIDE

Lower-income renters also tend to face greater affordability challenges than do higher-income renters. The reason: very low stocks of rental units that are affordable for people in lower income ranges. An affordable dwelling is one where the renter household is spending no more than 30% of its gross income on rent. Using that benchmark, we calculate the share of the rental universe that would be affordable at different income levels.

For the bottom 20% of income earners in most rental markets, the share of rental units that are affordable is much less than 20%. In many centres, this affordable share is too small to meet statistical reporting standards. Markets in Québec are a major exception to this trend, followed (distantly) by markets in the Prairies.

Overall affordability conditions were also stressed by inflation. The 12-month change in the all-items Consumer Price Index stood at 6.9% in October 2022. This growth outpaced growth in the average hourly wage (5.6%) over the same period. The resulting pressure on real household wages would likely have increased the housing affordability challenges faced by renters.

RENTAL CONDOMINIUM APARTMENT MARKETS REMAINED TIGHT DESPITE HIGHER SUPPLY

Rented condominium units play a significant role in the supply of rental housing. That’s why we also survey condominium apartments offered for rent on the secondary rental market in 17 centres.

In 2022, rental condominiums accounted for 19.3% of the total stock of rental units across these centres. (The total stock of rental units is the sum of the purpose-built rental apartment universe and the rental condominium apartment universe.) This share was up from 18.6% in 2021, reflecting growth in the condominium rental universe of 7.2% in 2022.

In some of Canada’s largest centres, the share of the rental stock accounted for by condominiums remained well above the national average in 2022. Vancouver was the leader (with 42.5% of its rental stock made up of condominiums), followed by Calgary (37.5%) and Toronto (34%). Centres in Québec generally reported smaller shares, including Montréal at 6.7%.

The average vacancy rate for rental condominiums remained low, at 1.6%. In a strict statistical sense, this is essentially unchanged from 2021. The average rent for a 2-bedroom rental condominium increased significantly from $1,771 to $1,930. Markets remained tight despite growth in supply. The tightness of both the rental condominium and purposebuilt rental markets therefore had a common driver: the outpacing of strong supply growth by even stronger demand growth.

These results reinforce the urgent need to accelerate housing supply and address supply gaps to improve housing affordability for Canadians. We encourage you to refer to our Housing Shortages in Canada: Solving the Affordability Crisis2 report. There, you can find estimates of the size of these gaps and detailed analysis of their causes and consequences.

24 | 2023 ANNUAL RESOURCE GUIDE 2023 ANNUAL RESOURCE GUIDE
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PURPOSE BUILT RENTAL MARKET HIGHLIGHTS

The purpose-built rental apartment vacancy rate decreased from 1.2% in 2021 to 0.9% in 2022. Higher homeownership costs and migration to the region led rental demand to increase faster than supply.

Asking rents for vacant units are now, on average, 43% higher than those paid for occupied units. This represents a strong disincentive to moving for existing tenants, resulting in lower turnover.

The tightening conditions caused rent growth to accelerate to 6.3% overall. New renters paid, on average, 24% more than the previous tenant for 2-bedroom units rented in 2022.

Important imbalances exist in the Vancouver rental market. Our data show that lower-income households face significant challenges finding units that they can afford.

2023 ANNUAL RESOURCE GUIDE | 25
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0.9% 2.2% Vacancy Rate Vacancy Rate $2,002 UP BY 5.7% $2,504 Average Two-Bedroom Rent Average Two-Bedroom Rent CONDOMINIUM APARTMENT MARKET
VANCOUVER

The purpose-built rental universe increased by a record 3,805 units (+3.3%) following elevated construction of new units in recent years.

The number of condominium apartments offered as longterm rentals increased by 7,850 units (+9.8%). The increase in supply contributed to the rental condominium segment having a higher vacancy rate (2.2%) than the purpose-built rental segment (0.9%).

VACANCY RATES FALL BELOW 1% DUE TO HIGHER DEMAND

The rental market tightened in the Vancouver census metropolitan area (CMA) in 2022. Following a surge in international migration and homeownership costs, the overall vacancy rate for purpose-built apartments fell to 0.9%.

As part of this broad increase in demand, vacancy rates decreased across market segments and regions. The only exceptions were select submarkets where significant new supply was added, such as:

• District o f North Vancouver (3%)

• Kerrisdale neighbourhood in the City of Vancouver (2.5%)

Many of the new units in these areas have high rents. The higher vacancy rates suggest there’s likely price sensitivity among renters.

The tightening rental market in the Vancouver CMA is in line with other large centres in Canada. In the Toronto CMA, vacancy rates also fell due to increased migration and homeownership costs.

INCREASE IN MIGRATION AND HOMEOWNERSHIP COSTS DRIVES RENTAL DEMAND

Migration to the Vancouver CMA from both international and domestic origins contributed to growth in rental demand. Arrivals of international immigrants to British Columbia doubled in the first half of 2022. Most of these immigrants settled in Metro Vancouver. The reopening of international borders also contributed to an increase in arrivals of nonpermanent residents. This group includes international students, many of whom rent.

Increases in mortgage interest rates limited the ability of

existing renter households to move to homeownership. The borrowing capacity of a worker aged 25 to 54 earning the average wage in the Vancouver CMA fell by nearly a quarter, or about $100,000, in 2022. Entry-level home prices haven’t declined as fast as buying power, meaning many prospective homebuyers continue to rent.

SPREAD BETWEEN MARKET RENTS FOR VACANT UNITS AND THOSE PAID FOR OCCUPIED UNITS WIDENS

The average asking rent for vacant units was 43% higher than the overall average rent for occupied units in the Vancouver CMA. This was significantly higher than the 10% gap observed in 2021, as the average asking rent for vacant units soared in 2022. While some new units with high rents are currently vacant, an influx of such units wasn’t the main contributor to higher asking rents.

For existing tenants paying rents below market value, higher market rents are a significant disincentive to moving. After several years at an already low level, the turnover rate fell further to 10.7% in 2022.

Fewer units coming to market creates a more challenging environment for new renters. The market can’t accommodate as many moves as before, leading to higher rents for those units that do come to market.

RENT GROWTH ACCELERATES WITH TURNOVER OF UNITS TO NEW TENANTS

The change in rent for the same apartment between two consecutive surveys, the same-sample rent change, is an important rental market indicator. Average same-sample rents surged 6.3% in 2022, well ahead of the 2.1% increase in 2021. Mirroring the increase in rental demand, the increase in rents was broad-based across apartment types (number of bedrooms) and geographic areas.

New leases are formed under current market conditions. Due to rent control, existing leases reflect market conditions in the past. This results in a gap between the overall average rent paid and current market rents. Our new data on the rent increase at turnover is one way to observe this gap.

Two-bedroom units that turned over were re-leased at a rent that was 23.9% higher, on average. In contrast, rents increased 3.9%, on average, for 2-bedroom units that didn’t change tenant between 2021 and 2022.

Under tenant-based rent guidelines imposed in B.C., the allowable rent increase for existing tenants was 0% in 2021 and 1.5% in 2022. The rent increase for units that didn’t turn over can vary from the allowable amount. This is because of supplemental increases that are allowed for capital improvements to the structure. When a unit turns over to a new tenant, the landlord is free to set a new rent amount at the market level.

RECORD INCREASE IN THE SUPPLY OF PURPOSEBUILT RENTAL UNITS

Despite the observed decline in the vacancy rate, the universe of purpose-built rental apartments increased by 3,805 units

26 | 2023 ANNUAL RESOURCE GUIDE 2023 ANNUAL RESOURCE GUIDE

(+3.3%). This represents the highest annual increase among available records since 1990. Four submarkets combined to account for 87% of the increase:

• City of Vancouver: 1,359 units (+2.3% universe growth rate)

• Tri-Cities: 843 units (+17.9%)

• City of North Vancouver: 666 units (+10.8%)

• District of North Vancouver: 446 units (+26.2%)

The increase results from the elevated number of new rental units started over the past few years now coming to market. Rental starts surged 43% year-over-year over the first 3 quarters of 2022, meaning completions of new rental supply will be significant in the years ahead. However, increases in financing costs will likely slow additional rental starts in 2023.

NEWLY COMPLETED UNITS HAVE RENTS SIMILAR TO CURRENT ASKING RENTS FOR VACANT UNITS

Units in new structures completed in the past 3 years had higher vacancy rates than units in structures of all ages. Interestingly, average rents for new 2-bedroom units ($2,823) were nearly identical to the asking rent ($2,865) for vacant 2-bedroom units of all ages. Rental demand is such that owners of existing units can, in some cases, seek rents that are equal to those for new units.

AVAILABILITY OF AFFORDABLE PURPOSE-BUILT RENTAL STOCK IS A CHALLENGE FOR MANY

The tightening conditions reinforced existing imbalances in the Vancouver rental market. Our data show that

lower-income households face significant challenges in finding units that they can afford:

• Less than 1/3 of market purpose-built rental units are affordable to households earning less than $55,000 per year.

• Only 1 in 200 units are affordable to renter households with the lowest 20% of incomes.

• Most of the lowest-priced units are small and would not b e suitable for families.

GROWTH IN THE NUMBER OF RENTAL CONDOMINIUM APARTMENTS LEADS TO HIGHER VACANCIES

The condominium apartment segment is an important source of rental supply for the region. The number of condominiums offered as long-term rentals increased by 7,850 units (+9.8%) in 2022. This growth included both newly constructed and existing units entering the rental market. Overall, the proportion of condominiums being rented long-term rose to 30.5%.

With the increased supply of rental units, the condominium apartment vacancy rate rose to 2.2%. This contrasts with the purpose-built rental sector, where the apartment vacancy rate fell to 0.9%. Condominium rents are similar to those for new purpose-built rental units, which also have higher vacancies (2.7%) than the overall market. Renters seem to be willing to pay about the same for these 2 types of units, contributing to their similar market outcomes.

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VICTORIA

Pershing Sun, Senior Analyst, Economics, Market Insights

HIGHLIGHTS

The vacancy rate rose slightly thanks to expansion of the rental apartment stock, although the rental townhouse stock continued to shrink.

Rent growth of purpose-built rental apartments peaked at 7.7%, driven by high turnover, especially for newer units.

Strong rent growth exacerbated the shortages of affordable units, particularly for low-income households in need of larger units. Record-high immigration and a stable job market brought rental demand back to the city center.

RENTAL MARKET CONDITIONS LOOSENED SLIGHTLY

In 2022, the rental market in the Victoria census metropolitan area (CMA) loosened slightly in both the purpose-built rental and condominium rental segments. However, at 1.5%, the vacancy rate of purpose-built rental units remained one of the lowest in Canada, albeit a slight improvement from 1% in 2021. The condominium rental vacancy rate increased from 0% to 0.2%. This was attributable to expansions of the stock in

both segments, which slightly relieved the tight rental market conditions.

Many parts of the CMA saw various degrees of higher vacancies. Contrary to 2021, the vacancy rate in the City of Victoria (1.2%), was lower than in the outskirts (1.6%). As workplaces began to adopt hybrid work schedules, demand returned to the urban area.

The Westshore area saw the largest jump in the purposebuilt rental apartment vacancy rate, from 0.4% in 2021 to 1.5% in 2022. With most of the CMA’s rental construction concentrated in the area, the average rent of purpose-built rental apartments in Westshore remained the highest in the CMA. This appeared to have tamed demand. Renters likely traded newer amenities for affordability, as the cost of living rose significantly in 2022.

RENT GROWTH ACCELERATED

Record-breaking rent growth occurred in the Victoria CMA in 2022. The average rent for purpose-built rental apartments increased by 7.7% in 2022, the fastest growth since 1991. This was driven by strong rent increases in units that were turned over to new tenants.1 As an example, a turnover 2-bedroom apartment was rented at a 33% higher rent, on average, than an occupied unit in the same building. Structures built after 2005, which are generally more expensive, had turnover rates twice as high as those for older apartments. As a result, high turnover among newer units led to significant rent increases for these units, which ultimately contributed to the overall rent growth.

As a result, renters were less likely to move, as evidenced by the lower turnover rate overall, unless moving out of the CMA. In fact, areas north of the CMA, such as Duncan and Parksville, saw lower vacancy rates in 2022. These more affordable rental markets may have absorbed some demand from Greater Victoria.

28 | 2023 ANNUAL RESOURCE GUIDE 2023 ANNUAL RESOURCE GUIDE
1.5% 0.2% Vacancy Rate Vacancy Rate $1,699 UP BY 6.7% $2,321 Average Two-Bedroom Rent Average Two-Bedroom Rent CONDOMINIUM APARTMENT MARKET PURPOSE BUILT RENTAL MARKET

UNEVEN GROWTH IN RENTAL SUPPLY BETWEEN APARTMENTS AND TOWNHOUSES

A much-needed increase in apartment supply occurred in the Victoria CMA, with 1,411 units added to the purposebuilt rental apartment stock, and 229 units added to the condominium apartment stock. Both sectors grew by more than twice what they did in 2021.

Unlike in 2021, there were significantly fewer purposebuilt rental apartments removed from the stock as a result of demolitions, conversions or renovations. Many units taken down for renovation returned to the market in 2022. This, along with newly completed rental constructions, helped the growth in rental stock seen in 2020 resume. Priced at a higher rent level than before, these newly added units also contributed to the rapid rent growth.

Conversely, the Victoria CMA lost 83 (12%) purpose-built rental townhouses in 2022. Most of the losses were in Saanich/ Central Saanich, which provides about half of the CMA’s rental townhouses. This resulted in the vacancy rate of 3-bedroom townhouses dropping from 6.2% to 3.5% in the area, one of the very few rental segments that tightened.

HIGH IMMIGRATION AND STABLE JOB GROWTH DROVE DEMAND

B.C.’s population grew at a record pace in 2022. As borders reopened, immigration recovered as the main driver of population growth in B.C. In Q2 2022, B.C.’s population grew by 45,515,2 the highest quarterly increase since the 1970s. Newcomers will likely continue to drive rental demand, since the

federal government’s immigration targets are set progressively higher each year until 2025.

Victoria’s job market improved in 2022, with 6,200 jobs added between January and October. Unlike in 2021, most of the new jobs were part-time positions. Part-time workers disproportionately rent, which likely contributed to greater rental demand. The job vacancy rate (percentage of unfilled positions) reached a record high in Q2 in Greater Victoria, exceeding lower mainland and B.C.’s overall rate. If the labour shortage continues, wages may rise (Victoria’s average wage offered has been declining since Q2 2021). Higher wages may boost rental demand. However, rental affordability will likely remain a challenge, especially as rent growth outpaces income growth for many in the CMA.

HIGHER DEMAND FOR AFFORDABLE RENTALS

Vacancy rates of units that are considered affordable to many households remained below 1%:

• For households earning less than $49,000 per year, affordable units had a vacancy rate of 0.4%.

• 3-bedroom units affordable to those earning less than $75,000 per year was 0.8%.

• Only a third of the purpose-built rental units were affordable fo r households earning less than $49,000 per year.

In a market with record-high rent increases, these results highlighted the challenge for low-income households, especially larger households that require more than 1 bedroom. The supply of affordable and suitable rental options is still not meeting demand in the Victoria CMA.

2023 ANNUAL RESOURCE GUIDE | 29 2023 ANNUAL RESOURCE GUIDE
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greatvancouverhomeservices.com

2023 RECOMMENDED TRADES AND SUPPLIERS - MAINLAND

CLEANING - JANITORIAL SERVICES

Greater Vancouver Home Services Ltd.

Shawn Stevens (778) 727-2888

greatvancouverhomeservices.com

COLLECTIONS

NRM Group Ltd.

Jolene Johnson (604) 404-2108

nrmg.ca

CONTRACTORS

BMS Plumbing & Mechanical Systems Ltd.

Tamara Merchan (604) 253-9330

bmsmechanical.com

KS Maintenance LTD

Teresa Cheung (604) 339-8223

ks-propertyservices.com

Lambert Plumbing and Heating Ltd

Youhann Semov (604) 734-0890 lambertplumbing.ca

Vancouver General Contractors

Hussain Khatheer (604) 430-3004

vancouvergeneralcontractors.com

CREDIT REPORTS

RentCheck Credit Bureau

Brenda Maxwell (800) 661-7312

rentcheckcorp.com

DEBTOR LOCATOR

RentCheck Credit Bureau

Brenda Maxwell (800) 661-7312

rentcheckcorp.com

DECKS AND BALCONIES

Lambert Plumbing and Heating Ltd

Youhann Semov (604) 734-0890

lambertplumbing.ca

DRAINAGE & SEWER

Lambert Plumbing and Heating Ltd

Youhann Semov (604) 734-0890

lambertplumbing.ca

DRAPERIES AND BLINDS

- SALES

Westport Manufacturing

Mary Mckinley (604) 261-9326

west-port.com

DUCT CLEANING

Air-Vac Services Canada Ltd.

Brent Selby (604) 882-9290

airvacservices.com

ELECTRICIANS

Control Tech Electrical

Greg Mitsiadis (604) 779-7176

contoltechelectric.com

Evanson Electric Ltd.

David Evanson (604) 657-7957 evansonelectric.com

ELEVATOR

Metro Atta Elevator Ltd

Preet Binning (604) 569-2977 metroelevator.ca

ENERGY EFFICIENCY & CONSERVATION

BC Hydro

To learn more about energy savings opportunities go to bchydro.com

FortisBC Energy Inc.

Mel Tugade (888) 224-2710 fortisbc.com

FRESCo Building Efficiency

Jordan Fisher (778) 783-0315 frescoltd.com

Yardi Breeze Premier

Jasmin Rodas (800) 866-1124 yardibreeze.ca

ENGINEERS

FRESCo Building Efficiency

Jordan Fisher (778) 783-0315 frescoltd.com

Read Jones Christoffersen Ltd.

Jason Guldin (250) 213-2520 rjc.ca

ESTATE & SUCCESSION

PLANNING

Monarch Financial/Manulife Securities Inc.

Richard Laurencelle (604) 681-2699

EV CHARGING STATIONS

Sparkle Solutions

Connie Goldman (866) 769-0680 sparklesolutions.ca

EVICTION SERVICES

Canadian Tenant Inspection Services Ltd.

Anna Garnett (778) 846-9125 ctiservices.ca

NRM Group Ltd.

Jolene Johnson (604) 404-2108 nrmg.ca

EXTERIOR/ SIDING

REPLACEMENT

Lambert Plumbing and Heating Ltd

Youhann Semov (604) 734-0890 lambertplumbing.ca

FIRE PROTECTION & MONITORING

Telus Communications Inc

Sarah Ballantyne (250) 310-3343 telus.com

FIRE PROTECTION, MONITORING & EQUIPMENT

Community Fire Prevention Ltd.

Jordan Kennedy (604) 944-9242 comfire.ca

Vancouver Fire and Radius Security

Angela Nottingham (604) 232-3473 vanfire.com

FLOORING AND CARPETING

Lambert Plumbing and Heating Ltd

Youhann Semov (604) 734-0890 lambertplumbing.ca

Mira Floors Limited

Kevin Bergstresser (604) 856-4799 mirafloors.com

FOOD WASTE DISPOSER Super Save Group of Companies

Danielle Johannes (604) 533-4423 supersave.ca

GUTTERS, SOFFITS & RAILING INSTALLATION

Cambie Roofing Contractors

Paul Skujins (604) 261-1111 cambieroofing.com

HEATING FUELS

Columbia Fuels

Nathan Dorie (877) 500-4328 columbiafuels.com

INSPECTIONS-TENANCY COMPLIANCE

Canadian Tenant Inspection Services Ltd.

Anna Garnett (778) 846-9125 ctiservices.ca

INSURANCE

AC&D Insurance Services Ltd.

Robert ten Vaanholt (604) 985-0581 acdinsurance.com

BFL Canada Risk and Insurance Services Inc.

Stacey Wilson (778) 374-4125 bflcanada.ca/real-estate

Capri CMW Insurance Services Ltd.

Danielle Russell (604) 294-3301 capricmw.ca

Megson FitzPatrick Insurance

Mike Nichol (250) 519-2300 megsonfitzpatrick.com

INTERCOM REPAIRS & INSTALLATION

Vandelta Communication Systems Ltd.(VDC)

Christopher Rae (604) 732-8686 vandelta.com

INTERNET LISTING SERVICES

Yardi Breeze Premier

Jasmin Rodas (800) 866-1124 yardibreeze.ca

INVESTMENT & RETIREMENT

PLANNING

Monarch Financial/Manulife Securities Inc.

Richard Laurencelle (604) 681-2699

LANDSCAPING - LAWN & GARDEN MAINTENANCE

BUR-HAN Garden & Lawn Care

Robert Hannah (604) 983-2687 bur-han.ca

LAUNDRY EQUIPMENT

LEASING AND SALES

Sparkle Solutions

Connie Goldman (866) 769-0680 sparklesolutions.ca

LEGAL SERVICES

Haddock & Company

Jessica McNeal (604) 983-6670 haddock-co.ca

Lesperance Mendes

Alex Chang (604) 685-3567 lmlaw.ca

NRM Group Ltd.

Jolene Johnson (604) 404-2108 nrmg.ca

Refresh Law

Oscar Miklos (604) 800-8096 refreshlaw.ca

LIGHTING Control Tech Electrical

Greg Mitsiadis (604) 779-7176 contoltechelectric.com

MEDIA

MediaEdge Communications

Dan Gnocato (604) 549-4521 mediaedge.ca

MORTGAGE FINANCING

Citifund Capital Corporation

Derek Townsend (604) 683-2518 citifund.com

MORTGAGE FINANCING

CMHC

Eric Bond (604) 737-4161 cmhc.ca

ONLINE PAYMENT SERVICE

Yardi Breeze Premier Jasmin Rodas (800) 866-1124 yardibreeze.ca

PAINT SALES

Cloverdale Paint

Dave Picariello (604) 551-8083 cloverdalepaint.com

PAINTING SERVICE

Lambert Plumbing and Heating Ltd

Youhann Semov (604) 734-0890 lambertplumbing.ca

Remdal Painting & Restoration Inc.

Paul Maryschak (604) 882-5155 remdal.com

PEST CONTROL

Assured Environmental Solutions

Brett Johnston (604) 463-0007 assuredenvironmental.ca Solutions Pest Control Ltd. Jason Page (604) 815-0093 PestSolutions.ca

PIPE LINING/ RE-PIPING

CuraFlo of Canada Ltd

Randy Christie (604) 298-7278 curaflo.com

PLUMBING/HEATING/BOILERS

Allied Plumbing, Heating & Air

Conditioning

Lance Clarke (604) 731-1000 allied-plumbing.ca

BMS Plumbing & Mechanical Systems Ltd.

Tamara Merchan (604) 253-9330 bmsmechanical.com

Brighter Mechanical Bryn Werry (604) 279-0901 brightermechanical.com

30 | 2023 ANNUAL RESOURCE GUIDE
This list is intended for use by the members of LandlordBC. It is distributed with the understanding that it does not constitute a recommendation or guarantee from LandlordBC. Rather it is consolidation of recommendations received by LandlordBC from its individual members. Although the information is intended to be beneficial, neither we nor any other party will assume liability for loss of damage as a result of reliance on this material.

2023 RECOMMENDED TRADES AND SUPPLIERS - MAINLAND

Cambridge Plumbing Systems Ltd.

John Jurinak (604) 872-2561

cambridgeplumbing.com

CuraFlo of Canada Ltd

Randy Christie (604) 298-7278 curaflo.com

Lambert Plumbing and Heating Ltd

Youhann Semov (604) 734-0890

lambertplumbing.ca

Manna Plumbing Ltd.

Chris Kobilke (604) 710-3908

mannaplumbing.com

Montalbano Plumbing Services Ltd.

Andrea Giovanni (604) 444-0222 montalbano.ca

Reliance Home Comfort

Dan Harvey (416) 707-5964 reliancehomecomfort.com

Viessmann Manufacturing Co. Inc.

Glen Mellis (604) 533-9445 viessmann.ca

Xpert Mechanical & JK Lillie Ltd.

Kerry West (604) 294-4540 xpertmechanical.com

PRINTING

Citywide Printing Ltd

Gordon Li (604) 254-7187 citywideprint.com

PRIVATE INVESTIGATION AND SKIP TRACING

NRM Group Ltd.

Jolene Johnson (604) 404-2108 nrmg.ca

PROPANE

Columbia Fuels

Nathan Dorie (877) 500-4328 columbiafuels.com

PROPERTY MANAGEMENT

88West Realty Ltd

Shirin Saleh 88westrealty.com

A A Property Management Ltd.

Aaron Leung (604) 207-2002 aaproperty.ca

Advent Real Estate Services Ltd.

Michelle Farina (604) 736-6478 rentwithadvent.com

Aedis Realty

Azi Hosseini (778) 881-4414 azihomes.com

Ambiance Property Management Inc.

Deepak Kumar (604) 366-4959

ambianceproperty.ca

Ami Dixon Property Manager

Ami Dixon (604) 833-4144

Appelt Management Inc.

Ryan Gray (250) 980-3577

risemanagement.ca

Associa British Columbia, Inc.- RHOME

Katie Khoo (604) 591-6060

rhomepm.ca

Associated Property Management (2001) Ltd.

Rob Zivkovic (250) 712-0025

apmkelowna.com

Atrium Pacific Properties Inc.

Accounts Payable (250) 477-5353

atriumpropertymanagement.ca

Barbican Property Management

Dragana Lazic (604) 943-2203

Barbicanpm.ca

Bayside Property Services Ltd.

Lynda Creamer (604) 432-7774

baysideproperty.com

Bayswater Projects Ltd

Nicholas Wadsley (604) 720-0603

bayswater-projects.com

BentallGreenOak (Canada) Limited

Partnership

Candace Le Roux (604) 646-2814

bentallgreenoak.com

Birds Nest Properties

Alvin Cheung (604) 260-9955

birdsnestproperties.ca

Bodewell Realty Inc.

Myra Rajan (604) 633-5511 bodewell.ca

Bolld Real Estate Management

Leo Chrenko (855) 266-8588 bolldpm.com

Brightside Homes

Ronald Singh (604) 684-3515

brightsidehomes.ca

Casa Rental Management

Tammy Diego-Mott (604) 273-6801

Cecilia Court Armida Cumberbirch

Century 21 Energy Realty Ltd

Mike Buburuz (250) 785-0021

c21energymanagement.ca

Century 21 In Town Realty

Michael La Prairie (604) 685-5951

century21vancouver.com

CLV Group

Michael Forani (613) 728-2000

clvgroup.com

Cogir Real Estate

Kevin Anderson (905) 434-2243

cogir.net

Copper Ridge Court

Vera Lloyd (250) 372-0829

Coronet Realty Ltd.

Aaron Best (604) 298-3235

coronetrealtyltd.com

Custom Realty Ltd.

Jolene Foreman (604) 916-6345

custom-realty.ca

Deecorp Properties

Patricia Dee (604) 683-0002

Delta King Place Housing Society

Lucy Borges (250) 632-6535 deltakingplace.ca

Devon Properties Ltd.

David Craig (250) 595-7000 devonproperties.com

Devonshire Properties

Paola Lopez (604) 879-7368 devonshire-inc.com

Dexter Realty/Dexter PM Gurm Pandher (604) 869-8226 dexterrealty.com

Dorset Realty Group Canada Ltd.

Damien Roussin 604-270-1711 ext. 111 dorsetrealty.com

DPM Rental Management Ltd.

Phillip Paull (604) 982-7051 DPMonline.ca

Eagleson Properties Ltd.

Katherine Eagleson (604) 879-1070 eaglesonproperties.com

EasyRent Real Estate Services Ltd.

Reception EasyRent (604) 662-3279 easyrent.ca

Fireside Property Group Ltd

Keith McMullen (403) 228-4303 firesidepropertygroup.com

FirstService Residential

Jaclyn Jeffrey (604) 683-8900 fsresidential.com

GMC Projects Inc.

David Milne (604) 717-4477 gmcprojects.com

Greater Vancouver Tenant & Property Management Ltd.

Keaton Bessey (604) 398-4047 gvantpm.com

Green Door Property Management

Jayde Cooke (250) 345-2133

Gulf Pacific Property Management Ltd.

Terry Roberts (604) 990-1500 gulfpacific.ca

GWL Realty Advisors

Residential Inc.

Michele Caley (587) 412-5583 gwlraresidential.com

Hathstauwk Holdings Ltd.

Terra Turton (604) 272-7626 Hathstauwk.com

Hewett Homes

Adrienne Hewett (604) 922-1934 hewetthomes.ca

Holywell Properties

Adam Major (604) 885-3460 holywell.ca

HomeLife Benchmark Realty Corp.

Rawad Najjar (604) 644-4491 homelifepropertyrentals.ca

Hope Street Management Corp.

Daria Vagner (604) 416-0042 hopestreet.ca

Hugh & McKinnon Realty Ltd.

Scott Higgins (604) 531-1909 hughmckinnon.com

Hume Investments Ltd.

Sally McIntosh (604) 980-9304 humeinvestments.com

Hunter McLeod Realty Corp.

Richard Anderson (604) 734-8860 hmrealty.bc.ca

JKS Realty & Property Management

Jason Kahl jksrealty.ca

L Bennett Consultants

Lolly Bennett (604) 307-3080

Locarno

Riley Mari

Lougheed Enterprises Ltd.

Andrew Statham (604) 980-0067

Macdonald Commercial R.E.S. Ltd.

Tony Letvinchuk (604) 736-5611 macdonaldcommercial.com

MacPherson Real Estate Ltd.

Rob MacPherson (604) 605-2534 cbmre.ca

Maple Leaf Property Management Apartments

Melanie LeBar (604) 925-8215

Maxsave Real Estate Services

Linda Stacey (250) 640-3471 maxsave.bc.ca

Metro Vancouver Housing Corporation

Farah Kassam (604) 432-6300 metrovancouver.org

Midwest Property Management

Tina Ding (604) 291-6878 rentmidwest.com

Minto Properties Inc

Lynne Bedard minto.com

Mountain Town Properties Ltd

Jodie Ouimet (250) 368-7166

Mr. Christopher E Hughes, CCIM

Christopher Hughes, CCIM (604) 833-7922

Multiple Realty Ltd

Grace Cheng (778) 918-855

Murray Hill Developments Ltd.

Barry Wiedman (780) 488-0288

Oak West Realty

Yori Nakatani (604) 731-1400

Oakwyn Realty Ltd.

Arlene Chiang (604) 897-0458

oakwynpm.com

Peninsula Property Management

Doug Holmes (604) 536-0220 rentinfo.ca

Picket Fence Property Management Group

Cindy Hamel (604) 807-1105 picketfencepmg.com

Porte Realty Ltd.

Ryan Singleton (604) 732-7651 porte.ca

Prospero International Realty Inc. (604) 669-7733

Quality Property Management

Real Estate Services Ltd

Marianne Miller (778) 878-7304 bcpropertyspecialist.com

Raamco International Properties

Canadian Ltd.

Kimm Zbierski (201) 567-5991

raamco.ca

Raven Property Management Ltd.

George Holmes (250) 881-8866

RE/MAX City Realty Gibsons

Andrea Kerr (604) 682-3074 coastrentals.ca

RE/MAX Crest Realty

Tom Wang

RE/MAX Crest Realty

Aidin Ashkieh (604) 566-1010

RE/MAX Penticton Realty

Deborah Moore (250) 492-2266 yoursouthokanaganhome.com

Re/Max Sea to Sky Real Estate Ltd. Shankar Raina (604) 935-9071 remaxseatoskypm.com

Real Property Management

Carla Browne (888) 272-2111 rpmcentral.ca

Real Property Management

Signature

Albert Langbid (877) 497-0848 rpmsignature.ca

Realstar Steve Matish (416) 923-2950 realstar.ca

Red Door Management Corp

Lisa Biggin (778) 827-0377 reddoorpm.ca

Reign Realty

Andi Pham (604) 404-4888 reignrealty.ca

REMAX City

Ken O’Donnell (604) 740-7652

Remax City Realty

Ken Zhou

Rent It Furnished Realty

Robson Souza (604) 628-3457 rentitfurnished.com

Rent Real Estate Services

Lucy Willcox PREC* (604) 737-8865 rentrealestateservices.ca

Reside Management Ericko Toni residemanage.com

Rize Alliance Properties Ltd. Rebecca Mumford (604) 630-1645 rize.ca

Roboson Holdings Ltd. Sarah Hill (604) 682-2088 rennie.com

Royal LePage Rockies West Realty Cris Leonard (250) 409-5500 mountainviewproperties.ca

S.A.H. Properties Ltd

Leslie Pomeroy

Sahota Associates

Ranjeeva Samaranayake (778) 823-2750

South Okanagan Property Management

Ashley Lutke-Schipholt (250) 485-9935 southokanaganrentals.com

Southland Mortgage Ltd. Erik Hyatt

Strand Development

Kris Loncar

2023 ANNUAL RESOURCE GUIDE | 31

Sunstar Realty Ltd.

David Mak (604) 436-1335 sunrealty.ca

Sutton West Coast Realty 120

Joseph T-Giorgis (604) 816-2928

Swift Realty Ltd.

Reza Khatami (604) 239-2144 swiftrent.ca

Townsend Management

Don Townsend (250) 448-0242

Transpacific Realty Advisors

Accounting Department (604) 873-8591 transpacificrealty.com

Tribe Management Inc.

Scott Ullrich (604) 202-5500

Turner Meakin Management Company Ltd.

Brian Meakin (604) 736-7020

Unique Real Estate Accommodations Inc.

Nina Ferentinos (604) 984-7368

VADA Asset Management Inc

Michelle Farina (604) 416-3880 vadaam.com

Vancouver Property Management, VPM Group

RE/MAX

Farid Entezari (877) 633-7910

VPMGroup.ca

Vancouver Rent It

Andy Yuen (604) 408-0008

Vancouver Rental Group

Seva Roberts (604) 537-4399

vancouverrentalgroup.ca

Ville Property Management Ltd

Jade Yu

Virani Property Management

Anthony Fong

virani.ca

Wealth Realty Inc.

Bill Mitsui billmitsui.com

Wesgroup Properties

Alysha Bacus

(778) 957-7376

wesgroup.ca

West Kootenay Rentals

Paula Owen (250) 359-5021

Westwynd Real Estate Services Ltd.

Jeff Brown (604) 944-8917

Wynn Real Estate Ltd.

Juhan Lee (604) 762-4200

wynnrealty.ca

REAL ESTATE SALES

CBRE Limited

Lance Coulson (604) 662-5141 nationalapartmentgroupbc.ca

Goodman Commercial Inc.

Mark Goodman (604) 714-4790 goodmanreport.com

Macdonald Commercial R.E.S. Ltd.

Tony Letvinchuk (604) 736-5611 macdonaldcommercial.com

Macdonald Commercial R.E.S. Ltd.

Dan Schulz (778) 999-5758 bcapartmentinsider.com

McEvay Blair Multifamily Group

James Blair (604) 790-7089

mbmultifamily.com

Multifamily Real Estate Services

Seth Baker (778) 686-3330

multifamily.ca

Pospischil Realty Group

Adam Pospischil (604) 263-1000 pospischilrealty.com

REDEVELOPMENT

MANAGEMENT

IDS Group

David Adelberg (604) 245-9898 idsgroup.ca

RENOVATION & REPAIRS

BMS Plumbing & Mechanical Systems Ltd.

Tamara Merchan (604) 253-9330 bmsmechanical.com

RENOVATION & REPAIRS

KS Maintenance LTD

Teresa Cheung (604) 339-8223 ks-propertyservices.com

RE-PIPING

BMS Plumbing & Mechanical Systems Ltd.

Tamara Merchan (604) 253-9330 bmsmechanical.com

Brighter Mechanical

Bryn Werry (604) 279-0901 brightermechanical.com

Cambridge Plumbing Systems Ltd.

John Jurinak (604) 872-2561 cambridgeplumbing.com

Lambert Plumbing and Heating Ltd

Youhann Semov (604) 734-0890

lambertplumbing.ca

Manna Plumbing Ltd.

Chris Kobilke (604) 710-3908 mannaplumbing.com

RESTORATION

FirstOnSite Restoration Ltd.

Amy Barilla (236) 335-0499 firstonsite.ca

Incredible Restorations

Mikael Gatfi (604) 639-0990

incrediblerestorations.com

Lambert Plumbing and Heating Ltd

Youhann Semov (604) 734-0890

lambertplumbing.ca

ROOFING

Cambie Roofing Contractors

Paul Skujins (604) 261-1111

cambieroofing.com

Bond Roofing

Daniel Fajfar (604) 375-2100

bondroofing.ca

Read Jones Christoffersen Ltd.

Jason Guldin (250) 213-2520

rjc.ca

ROOFING MEMBRANES

Cambie Roofing Contractors

Paul Skujins (604) 261-1111

cambieroofing.com

SECURITY & INTERCOM

SYSTEMS

NRM Group Ltd.

Jolene Johnson (604) 404-2108

nrmg.ca

Telus Communications Inc

Sarah Ballantyne (250) 310-3343 telus.com

Vandelta Communication Systems Ltd.(VDC)

Christopher Rae (604) 732-8686 vandelta.com

SOFTWARE - PROPERTY MANAGEMENT

Pendo

Jodelene Weir (604) 398-4030 pen.do/partners/landlordbc

SUPPLIES - HARDWARE, BUILDING, MAINTENANCE

Rona/Lowes

Brad LeGrow (604) 314-1366 rona.ca

Super Save Group of Companies

Danielle Johannes (604) 533-4423 supersave.ca

The Home Depot Canada

Michael Lirangi (416) 571-8940 homedepot.ca/pro

TELECOMMUNICATIONS

Telus Communications Inc

Sarah Ballantyne (250) 310-3343 telus.com

UTILITY SUB-METERING

Enerpro Systems Corp.

Andrew Davidson (604) 982-9155 enerprosystems.com

WASTE/ RECYCLING

Super Save Group of Companies

Danielle Johannes (604) 533-4423 supersave.ca

Waste Connections of Canada Inc.

Tomas Hansen (604) 834-7578 WasteConnectionsCanada.com

WATERPROOFING

Cambie Roofing Contractors

Paul Skujins (604) 261-1111 cambieroofing.com

Read Jones Christoffersen Ltd.

Jason Guldin (250) 213-2520 rjc.ca

WINDOW - REPLACEMENT/ INSTALLATION/RENOVATION

A1 Windows

Roque Datuin (604) 777-8000 a1windows.ca

Centra Windows

Andrew Anderson (888) 534-3333 centrawindows.com

Retro Teck Window

Wilfred Prevot (604) 291-6751 retrowindow.com

32 | 2023 ANNUAL RESOURCE GUIDE
www.cambieroofing.com 1367 East Kent Ave. Vancouver, B.C. V5X 4T6 604-261-1111 ADcard:q712/9/119:52AMPage1 Canadian Owned & Operated Let Cloverdale Paint help facilitate your next painting project! Members save up to 30% o paint purchases from Cloverdale Paint. Use your exclusive discount code at any Cloverdale Paint company store location. Your discount code: 062LANDLOR Contact Dave Picariello with any inquiries. dpicariello@cloverdalepaint.com 604-551-8083 Property Services C M Y CM MY CY CMY K PROUD PREFERRED PROVIDER OR TOLL FREE FROM ANYWHERE 1.888.595.5212 CALL MIKE NICHOL DIRECTLY AT: 1.250.519.2300 2023 RECOMMENDED TRADES AND SUPPLIERS - MAINLAND

2023 RECOMMENDED TRADES AND SUPPLIERS - VANCOUVER ISLAND

ACCOUNTING

D&H Group LLP

Arthur Azana (604) 731-5881

dhgroup.ca

Smythe LLP

Daniel Lai (604) 687-1231 smythecpa.com

ADVERTISING - VACANCIES

Yardi Breeze Premier

Jasmin Rodas (800) 866-1124 yardibreeze.ca

ADVERTISING & PROMOTION

Places4Students.com

Laurie Snure (866) 766-0767

Places4Students.com

APPLIANCE - RENTALS

Coinamatic Canada Inc.

Lyle Silverstein (604) 270-8441 coinamatic.com

APPLIANCE - SALES & SERVICE

Coinamatic Canada Inc.

Lyle Silverstein (604) 270-8441 coinamatic.com

Trail Appliances

Catherine Maxwell (604) 838-3385 trailappliances.com

Westcoast Appliance Gallery

Fred Aram (250) 382-0242 westcoastappliance.ca

APPRAISAL - INSURANCE

Normac

Nicole Daniels (604) 221-8258

normac.ca

ASBESTOS REMOVAL

BMS Plumbing & Mechanical Systems Ltd.

Tamara Merchan (604) 253-9330

bmsmechanical.com

CLEANING - CARPET & UPHOLSTERY

Island Carpet & Upholstrey

Cleaning Inc.

Ron Gould (250) 590-5060

islandcarpetcleaning.ca

COLLECTIONS

NRM Group Ltd.

Jolene Johnson (604) 404-2108

nrmg.ca

CONTRACTORS

BMS Plumbing & Mechanical Systems Ltd.

Tamara Merchan (604) 253-9330

bmsmechanical.com

CREDIT REPORTS

RentCheck Credit Bureau

Brenda Maxwell (800) 661-7312

rentcheckcorp.com

DEBTOR LOCATOR

RentCheck Credit Bureau

Brenda Maxwell (800) 661-7312

rentcheckcorp.com

DRAINAGE & SEWER

Callaway Plumbing and Drains Ltd.

Brett Callaway (250) 216-7159

callawayplumbing.ca

VICTORIA DRAINS

Dave Lloyd (250) 818-1609

victoriadrains.com

ELECTRICIANS

Rushworth Electrical Services Inc.

Dustin Rushworth (250) 361-1231

rushworthelectric.ca

ENERGY EFFICIENCY & CONSERVATION

BC Hydro

To learn more about energy savings opportunities go to bchydro.com

FortisBC Energy Inc.

Mel Tugade (888) 224-2710

fortisbc.com

FRESCo Building Efficiency

Jordan Fisher (778) 783-0315

frescoltd.com

Yardi Breeze Premier

Jasmin Rodas (800) 866-1124

yardibreeze.ca

ENGINEERS

FRESCo Building Efficiency

Jordan Fisher (778) 783-0315

frescoltd.com

Read Jones Christoffersen Ltd.

Jason Guldin (250) 213-2520

rjc.ca

EVICTION SERVICES

Canadian Tenant Inspection Services Ltd.

Anna Garnett (778) 846-9125

ctiservices.ca

NRM Group Ltd.

Jolene Johnson (604) 404-2108

nrmg.ca

FIRE PROTECTION & MONITORING

Telus Communications Inc

Sarah Ballantyne (250) 310-3343

telus.com

FIRE PROTECTION, MONITORING & EQUIPMENT

Vancouver Fire and Radius

Security

Angela Nottingham (604) 232-3473

vanfire.com

Rushworth Electrical Services Inc.

Dustin Rushworth (250) 361-1231

rushworthelectric.ca

FOOD WASTE DISPOSER

Super Save Group of Companies

Danielle Johannes (604) 533-4423

supersave.ca

Callaway Plumbing and Drains Ltd.

Brett Callaway (250) 216-7159

callawayplumbing.ca

HEATING FUELS

Columbia Fuels

Nathan Dorie (877) 500-4328 columbiafuels.com

INSPECTIONS-TENANCY COMPLIANCE

Canadian Tenant Inspection Services Ltd.

Anna Garnett (778) 846-9125 ctiservices.ca

INSURANCE

AC&D Insurance Services Ltd.

Robert ten Vaanholt (604) 985-0581 acdinsurance.com

BFL Canada Risk and Insurance Services Inc.

Stacey Wilson (778) 374-4125 bflcanada.ca/real-estate

Capri CMW Insurance Services Ltd.

Danielle Russell (604) 294-3301 capricmw.ca

Megson FitzPatrick Insurance

Mike Nichol (250) 519-2300 megsonfitzpatrick.com

INTERNET LISTING SERVICES

Yardi Breeze Premier

Jasmin Rodas (800) 866-1124 yardibreeze.ca

LEGAL SERVICES

Haddock & Company

Jessica McNeal (604) 983-6670 haddock-co.ca

Lesperance Mendes

Alex Chang (604) 685-3567 lmlaw.ca

NRM Group Ltd.

Jolene Johnson (604) 404-2108 nrmg.ca

Refresh Law

Oscar Miklos (604) 800-8096 refreshlaw.ca

MEDIA

MediaEdge Communications

Dan Gnocato (604) 549-4521 mediaedge.ca

MORTGAGE FINANCING

Citifund Capital Corporation

Derek Townsend (604) 683-2518 citifund.com

CMHC

Eric Bond (604) 737-4161 cmhc.ca

ONLINE PAYMENT SERVICE

Yardi Breeze Premier Jasmin Rodas (800) 866-1124 yardibreeze.ca

PAINT SALES

Cloverdale Paint

Dave Picariello (604) 551-8083 cloverdalepaint.com

PIPE LINING/ RE-PIPING

CuraFlo of Canada Ltd

Randy Christie (604) 298-7278 curaflo.com

PLUMBING/HEATING/BOILERS

BMS Plumbing & Mechanical Systems Ltd.

Tamara Merchan (604) 253-9330 bmsmechanical.com

Brighter Mechanical

Bryn Werry (604) 279-0901 brightermechanical.com

Callaway Plumbing and Drains Ltd.

Brett Callaway (250) 216-7159 callawayplumbing.ca

Cambridge Plumbing Systems Ltd.

John Jurinak (604) 872-2561 cambridgeplumbing.com

CuraFlo of Canada Ltd

Randy Christie (604) 298-7278 curaflo.com

Viessmann Manufacturing Co. Inc.

Glen Mellis (604) 533-9445 viessmann.ca

PRINTING

Citywide Printing Ltd

Gordon Li (604) 254-7187 citywideprint.com

PRIVATE INVESTIGATION AND SKIP TRACING

NRM Group Ltd.

Jolene Johnson (604) 404-2108 nrmg.ca

PROPANE

Columbia Fuels

Nathan Dorie (877) 500-4328 columbiafuels.com

PROPERTY MANAGEMENT

460 Property Management Inc.

Carol Buck (250) 591-4603 460pm.com

Abingdon Moore Realty

Marilyn Koehle (778) 421-8797

Advanced Property Management Inc.

Lorri Fugle (250) 338-2472 advancedpm.ca

BentallGreenOak (Canada)

Limited Partnership

Candace Le Roux (604) 646-2814 bentallgreenoak.com

Brown Bros Agencies Limited

Drew Storey (250) 385-8771 brownbros.com

Century 21 Queenswood

Chris Markham (250) 477-1100 century21queenswood.ca

Cherry Creek Property Services Ltd.

Val Ketel (250) 427-7411

ccps.email

Clover Residential Ltd.

Alana Fitzpatrick (250) 532-2635 duttons.com

Colliers

Grant Evans (250) 414-8373 collierscanada.com

Complete Residential Property Management

Dennie Linkert (250) 370-7093 completeresidential.com

Colyvan Pacific Property Management

Jodi Levesque (250) 754-4001 colyvanpacific.com

Cornerstone Properties Ltd.

Jason Middleton (250) 475-2005 cornerstoneproperties.bc.ca

Coronet Realty Ltd.

Aaron Best (604) 298-3235 coronetrealtyltd.com

Countrywide Village Realty Ltd.

Simranjeet Kaur (250) 749-6660

Devon Properties Ltd.

David Craig (250) 595-7000 devonproperties.com

DFH Real Estate Ltd.

Lisa Clark (250) 477-7291

Equitex Realty Ltd.

Joe Bellows (250) 386-6071 equitex.ca

Greenaway Realty Ltd.

Kirsten Greenaway (250) 216-3188 greenawayrealty.com

Hugh & McKinnon Realty Ltd.

Scott Higgins (604) 531-1909 hughmckinnon.com

Hume Investments Ltd.

Sally McIntosh (604) 980-9304 humeinvestments.com

Lannon Creek Holdings Ltd

Dave McClimon (250) 744-0394

Macdonald Commercial R.E.S. Ltd.

Tony Letvinchuk (604) 736-5611 macdonaldcommercial.com

Oakwood Property Management

Carol Dobell (250) 704-4391 oakwoodproperties.ca

Pemberton Holmes Property Management

Claire Flewelling-Wyatt (250) 478-9141 thepropertymanagers.ca

Proline Management Ltd.

Adam Taylor (250) 475-6440 prolinemanagement.com

Quality Property Management

Real Estate Services Ltd

Marianne Miller (778) 878-7304 bcpropertyspecialist.com

Raamco International Properties Canadian Ltd.

Kimm Zbierski (201) 567-5991 raamco.ca

Richmond Property Group Ltd

Jean McKay (250) 388-9920 richmondproperty.ca

Royal LePage Nanaimo Realty

Brenda Gilroy (250) 760-2234 royallepagenanaimo.ca

TPM Properties

Debbie Hunt (250) 383-7663

Tribe Management Inc.

Scott Ullrich (604) 202-5500

Widsten Property Management

Steve Widsten (250) 753-8200 islandrent.com

REAL ESTATE SALES

CBRE Limited

Lance Coulson (604) 662-5141 nationalapartmentgroupbc.ca

Colliers

Grant Evans (250) 414-8373 collierscanada.com

2023 ANNUAL RESOURCE GUIDE | 33

Goodman Commercial Inc.

Mark Goodman (604) 714-4790

goodmanreport.com

Macdonald Commercial R.E.S. Ltd.

Tony Letvinchuk (604) 736-5611

macdonaldcommercial.com

McEvay Blair Multifamily Group

James Blair (604) 790-7089

mbmultifamily.com

RENOVATION & REPAIRS

BMS Plumbing & Mechanical Systems Ltd.

Tamara Merchan (604) 253-9330

bmsmechanical.com

RE-PIPING

BMS Plumbing & Mechanical Systems Ltd.

Tamara Merchan (604) 253-9330

bmsmechanical.com

Brighter Mechanical

Bryn Werry (604) 279-0901

brightermechanical.com

Callaway Plumbing and Drains Ltd.

Brett Callaway (250) 216-7159 callawayplumbing.ca

Cambridge Plumbing Systems Ltd.

John Jurinak (604) 872-2561 cambridgeplumbing.com

2023 RECOMMENDED TRADES AND SUPPLIERS - VANCOUVER ISLAND

RESTORATION

FirstOnSite Restoration Ltd.

Amy Barilla (236) 335-0499

firstonsite.ca

ROOFING

Read Jones Christoffersen Ltd.

Jason Guldin (250) 213-2520

rjc.ca

SECURITY & INTERCOM

SYSTEMS

NRM Group Ltd.

Jolene Johnson (604) 404-2108

nrmg.ca

Telus Communications Inc

Sarah Ballantyne (250) 310-3343 telus.com

SOFTWARE - PROPERTY MANAGEMENT

Pendo

Jodelene Weir (604) 398-4030 pen.do/partners/landlordbc

SUPPLIES - HARDWARE, BUILDING, MAINTENANCE

Rona/Lowes

Brad LeGrow (604) 314-1366 rona.ca

Super Save Group of Companies

Danielle Johannes (604) 533-4423 supersave.ca

The Home Depot Canada

Michael Lirangi (416) 571-8940 homedepot.ca/pro

TELECOMMUNICATIONS

Telus Communications Inc

Sarah Ballantyne (250) 310-3343 telus.com

UTILITY SUB-METERING

Enerpro Systems Corp.

Andrew Davidson (604) 982-9155 enerprosystems.com

WASTE/ RECYCLING

Super Save Group of Companies

Danielle Johannes (604) 533-4423 supersave.ca

WATERPROOFING

Read Jones Christoffersen Ltd.

Jason Guldin (250) 213-2520 rjc.ca

WINDOW - REPLACEMENT/ INSTALLATION/RENOVATION

A1 Windows

Roque Datuin (604) 777-8000 a1windows.ca

Centra Windows

Andrew Anderson (888) 534-3333 centrawindows.com

Retro Teck Window

Wilfred Prevot (604) 291-6751 retrowindow.com

34 | 2023 ANNUAL RESOURCE GUIDE
YOUR ONE-STOP RESOURCE FOR OWNING & MANAGING RENTAL HOUSING IN BC LANDLORDBC.CA THE KEY REACH OUR READERS WITH YOUR AD IN THE KEY MAGAZINE For information on advertising your products and services in our publications for 2023, please contact: Dan Gnocato, Publisher, dang@mediaedge.ca | t: 604 549 4521 LBC_House-ad_Directory_2023.indd 1 2023-02-28 12:14 PM

MARK GOODMAN & CYNTHIA JAGGER

REDUCED

17-unit apartment building

975 West 10th Avenue, Vancouver

1 block to future Oak – VGH Subway Station. Situated in the Broadway Plan area.

List $6,780,000

The Inverness

1325 Pendrell Street, Vancouver

REDUCED

Well-maintained 21-suite apartment building located in Vancouver’s prized West End neighbourhood.

List $8,100,000

Paci c Surf Apartments

1275 Paci c Street, Vancouver

22-storey 119-suite concrete high-rise in the West End. Steps to Sunset Beach waterfront.

List $19,000,000 – 33.33% fractional interest

SOLD

Carlton Court

2295 W 1st Avenue, Vancouver

12 suites in Kitsilano with ocean and mountain views. Corner lot – 2 blocks to Kits Beach. 3.9% cap.

List $5,988,000

Mountain Ash Manor

2291 W 1st Avenue, Vancouver

12 suites in Kitsilano with ocean and mountain views. 2 blocks to Kits Beach. 3.5% cap.

List $6,100,000

1990 West 41st Avenue

Vancouver

20-suite concrete apartment building. Located in the heart of Kerrisdale.

List $9,800,000

Personal Real Estate Corporation Direct 604 714 4790 mark@goodmanreport.com
Personal Real Estate Corporation Direct 604 912 9018 cynthia@goodmanreport.com Goodman Commercial Inc. Of ce: 604 558 5511 560–2608 Granville Street Vancouver, BC V6H 3V3 Sign up to get exclusive reliable rental housing intelligence www.goodmanreport.com This communication is not intended to cause or induce breach of an existing listing agreement. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to con rm its accuracy and completeness independently.
Mark Goodman
Cynthia Jagger
MULTI-FAMILY
METRO VANCOUVER’S
EXPERTS
CONTRACT UNDER CONTRACT
UNDER
Image: Google Maps

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