Rental
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Short-term rental restrictions reducing B.C. rents, study findsA report led by the Canada Research Chair in Urban Governance says restrictions on short-term rentals in British Columbia have reduced rents by 5.7 per cent, saving tenants more than $600 million last year.PoliticsSep 18
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B.C. $500M rental protection fund nears 1,500 homesA B.C. government fund to help non-profits buy rental buildings to protect tenants from eviction and maintain affordable rents is on track to exceed its target of 2,000 homes.PoliticsAug 22
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Kingston city council looks at new plan to improve local rental marketThe Rental Housing Community Improvement Plan includes tax grants and exemptions to vacant property owners to push them to construct new rental units, officials say.CanadaMay 6
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B.C.’s new short-term rental restrictions now in effectThe regulations are aimed at moving thousands of units listed through services like Airbnb and VRBO from the short-term market to the traditional rental pool.EconomyMay 1
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Tenants facing displacement from B.C. apartment say ‘renoviction’ protections not workingResidents of the 30 units in the Sturdee apartments in Esquimalt have been ordered to move out by September so the building's new owner can do renovations and repairs.PoliticsApr 30
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B.C. secures 8 new middle-income housing sites for BC Builds programBritish Columbia has secured eight new sites for its BC Builds program, in which land owned by the province, non-profits or community groups is pre-zoned to build middle-income rental housing.PoliticsApr 29
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Canada’s average asking rent jumped to almost $2,200 in FebruaryThe report says asking rents in Canada have increased overall by a total of 21 per cent, or an average of $384 per month, from two years ago.CanadaMar 11
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Canada’s rental vacancy is lowest in decades as supply lags demandThe report, released Wednesday, found the vacancy rate now sitting at 1.5 per cent, the lowest recorded rate since 1988 when the CMHC began recording a national vacancy rate.CanadaJan 31
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Bowen Island to consider opting in to B.C.’s new, stiffer short-term rental rulesBowen Island is preparing to consider whether to opt into the province's new legislation which bans short-term rentals in homes that aren't a primary residence or secondary suite.CanadaJan 6
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Nova Scotia to mirror Ottawa and remove sales tax from new rental constructionsNova Scotia's premier says his government will remove the provincial portion of the harmonized sales tax from the construction of new rental apartment buildings.CanadaSep 21, 2023
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