LandlordBC Annual Resource Guide 2024

Page 1

LANDLORDBC.CA
GUIDE 2O24 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. Energy for a better B.C. 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 02/2024)

2024 ANNUAL RESOURCE GUIDE

David Hutniak Chief Executive Officer

Hunter Boucher Vice-President, Operations

Monika Sosnowska Director, Marketing and Communications

Lisa Henderson Senior Member Services Representative

Bryan Smith Member Services Representative

Stephanie Watterson Member Services Representative

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.

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

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

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

Editor Hunter Boucher, hunterb@landlordbc.ca

Editor Monika Sosnowska, monikas@landlordbc.ca

Production MediaEdge Communications

2024 ANNUAL RESOURCE GUIDE | 3
LEGAL SERVICES FOR RESIDENTIAL & COMMERCIAL LANDLORDS LANDLORD/TENANT LAW • Tenancy Disputes • Residential Tribunal Hearings • Human Rights • Privacy • Building Maintenance and Protection STRATA PROPERTY LAW CONSTRUCTION LAW NON-PROFIT HOUSING LAW Call one of our Tenancy Lawyers or email us at info@haddock-co.ca NORTH VANCOUVER / VICTORIA

CEO’S MESSAGE

2023 was an exciting year for us at LandlordBC, marked by several successful in-person events along with our online educational offerings. We greatly value being able to connect with you, our members, and provide you with opportunities to meet our numerous partners and suppliers. Among our offerings, the LandlordBC Trades and Suppliers directory, found at the back of our publications and online, stands out as an incredibly valuable resource appreciated by our members.

A longstanding cornerstone of LandlordBC’s services is ensuring you have access to a trusted directory of trades and suppliers, giving you optimal value and quality for your investments. Through our Associate Member and Corporate Supplier program, we deliver precisely that — granting access to a qualified, diverse, and competitive pool of suppliers.

Finding reliable trades and suppliers means LandlordBC continuously strives to forge new partnerships while upholding a high level of due diligence in our selection process to instill confidence in your choices. Integrity serves as a fundamental criterion for all our suppliers, as we believe that successful business relationships thrive on mutual trust and reliability.

Our Associate Members and Corporate Suppliers play pivotal roles in supporting your business, sponsoring our events, and offering educational content on a wide range of industry-related topics. We extend our heartfelt gratitude to them for their continued support of our association and the broader industry.

This year, in addition to streamlining our directory, we have enriched it with comprehensive details on group programs available to our members. Furthermore, we’ve incorporated excerpts from the CMHC Rental Report, a LandlordBC 2024 Quick Reference Guide, and the Landlord Checklist, giving you an easy to reach resource for 2024!

4 | 2024 ANNUAL RESOURCE GUIDE 2024 ANNUAL RESOURCE GUIDE
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! Greg Ambrose Vice President National Apartment Group BC 604 662 5178 greg.ambrose@cbre.com Lance Coulson Personal Real Estate Corporation Executive Vice President National Apartment Group BC 604 662 5141 lance.coulson@cbre.com A leader in Metro Vancouver and Greater Victoria rental apartment building sales, with total sales value in excess of $2.2 Billion* between 2015-2024. *SOURCE: Altus Data Studio and CBRE (January 1, 2015 – March 1, 2024). Includes transactions with co-operating Brokers. National Apartment Group British Columbia Multi-Family Specialists View more listings: NationalApartmentGroupBC.ca Contact us today for a no obligation property valuation. Are you an owner of an apartment building or development site and considering selling? Curious about your property’s market value? CBRE LIMITED, REAL ESTATE BROKERAGE This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). All references to CBRE Limited herein shall be deemed to include CBRE, Inc. The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services canadamapping@cbre.com; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth Abana Court Apartments VANCOUVER, BC 33 Suites | Institutional Quality Rare Kerrisdale location nearby a wide array of amenities & services on W 41st Avenue List Price: Contact Agents for Details Corner Mixed-Use Investment Property VANCOUVER, BC 11 Residential Suites + 3 CRU Prominently located on Iconic Commercial Drive, the trendiest street in Vancouver List Price: $6,495,000 Trinity Apartments NANAIMO, BC 70 Suite Rental Apartment Building Located in the heart of Nanaimo, only minutes away from VIU & Downtown List Price: $13,375,000 | 5% CAP RATE McKenzie Manor Apartments VICTORIA, BC 70 Suites Attractive Suite Mix Adjacent to an abundance of tenant-friendly amenities and transit in thriving Victoria Status: SOLD (November 2023) Magnolia Townhomes NANAIMO, BC 36 Unit Rental Townhome Complex Centrally located in Nanaimo steps away from grocery-anchored retail Status: JUST SOLD (February 2024) 22 Suite Rental Apartment Building NANAIMO, BC Priced under $200,000 per unit Strong Rental Upside Status: COMING SOON The Summerland Motel & The Sunoka Apts SUMMERLAND, BC 31 suite motel, 25 suite rental building, 1.37 acre parcel of land Located in the heart of Summerland List Price: $10,750,000 Prime Strata Retail in The Heart of Kitsilano VANCOUVER, BC 3,159 Square Feet with 90 ft frontage on Burrard Street Strong Pedestrian & Vehicular Traffic List Price: $5,900,000 FORSALE FORSALE FORSALE FORSALE COMIING SOON COMIING SOON Mixed-Use Rental Site NORTH VANCOUVER, BC 13,202 SF Site 41 Rental Units + 3 CRU Located on Marine Drive across from Capilano Mall in North Vancouver List Price: $8,488,000 FORSALE SOLDJUST (2023)SOLD
Prepare for a changing marketplace. Make an informed risk strategy for 2024 and beyond. FIND OUT HOW WE CAN HELP INSURE YOUR PROPERTY, CONNECT WITH OUR LANDLORDBC REPRESENTATIVE Real Estate Insurance Broker BFL CANADA Stacey Wilson Vice-President, Client Executive T. 778-374-4125 swilson@bflcanada.ca BFL CANADA Risk and Insurance Services Inc.

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 2024.

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.

6 | 2024 ANNUAL RESOURCE GUIDE 2024 ANNUAL RESOURCE GUIDE
BENEFITS OF MEMBERSHIP • Information Services • Education Seminars • Tenancy Forms • Trusted Trades & Suppliers • Networking Events • The Key Magazine • Government Advocacy
Vanc ou v er 2 050 Build, Broker, Buy, Insure, Roof, Plumb, Wire, Glaze and Property Manage this: cwinckers@bcapartmentinsider.com Rental Buildings. Lots of Them. Apartment Buildings | Land Assemblies Strata Dissolution | Investment Properties

LANDLORDBC’S ASSOCIATE MEMBERS

ACERA INSURANCE SERVICES LTD.

As a leading, independent insurance brokerage with more than 60 years of expertise, Acera Insurance (formerly Megson FitzPatrick) provides LandlordBC members with a competitive property insurance program for buildings containing 10 or fewer self-contained rental units. Acera Insurance also offers preferred terms to members who own larger buildings. To learn more, contact Mike Nichol at 250.519.2300 (1.888.595.5212) mike.nichol@acera.ca www.megsonfitzpatrick.com

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

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

BRIGHTER MECHANICAL

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

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

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

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 is Canada’s specialist in managed laundry systems. We offer sustainable laundry solutions and top of the line Alliance and Maytag equipment. We are a proud Canadian Distributor of Luxer One parcel delivery lockers. Luxer One is the world’s leading package management solution provider. Enjoy the convenience of a single point of contact for both your laundry services and package locker amenities. Our new online service request portal is available 24/7 through the Coinamatic website. Visit www.coinamatic.com for more information or contact Lyle Silverstein at 204-226-7607 or lsilverstein@coinamatic.com.

FRESCO BUILDING EFFICIENCY

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

8 | 2024 ANNUAL RESOURCE GUIDE 2024 ANNUAL RESOURCE GUIDE

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

RONA AND RONA+

RONA AND RONA+ offer preferred pricing, priority services with a strong store network Landlord BC members can save from 5 to 15% on all categories in store. To have access to those discounts please send us your complete coordinates including phone number and email to national.agreement@rona.ca and we will set up your account. 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

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

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

RENTCHECK CREDIT BUREAU LTD.

Our 47th year in business; Canada’s leader in Applicant Inquiry Services. No annual fees. Premium CanadianAmerican Credit Reports (English/French) with free authentic Rentcheck Tenancy History $13.95; Short File Credit Reports $8.95; also Business Credit Reports, reports on Business Principals, and more; try People Search, our new tool to help find those owing housing charges or other debt. Turnaround time of 2 seconds or less on most online products. We can interface with any property management software. Contact sales@rentcheck.ca or 1-800-661-7312 x 221 www.rentcheckcorp.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. The aim of our program is to build a long term partnership between TELUS and your company, ensuring residents in your building portfolio are informed of the latest offers and benefit from our most competitive rates. Your dedicated TELUS account manager will act as an advocate on behalf of your company. Their role is to ensure residents have access to our latest technologies and best in class services as we work towards building out the TELUS PureFibre network and copper network. *NEW* Bulk Program and Pricing for TV & Internet Services. Benefits of Partnership include, but are not limited to the following:

• Competitive rates & discounts for residents

• An exclusive excellence team for residents to contact

• Discounted offers for company employees on home services

• Marketing support through communication of available products/ offers to residents

• Building-specific incentives

• Stay in touch with the latest future friendly technologies

For more information regarding the TELUS Partner Program please reach out to a dedicated TELUS Channel Manager.

TELUS Partnered Call Centre 310-3343 Sarah.Ballantyne@TELUS.com Pavan. Sandu@TELUS.com Kayla.Bosch@TELUS.com

The Home Depot

“Our objective at Home Depot Pro is to assist you in doing yours. With over 40 years of expertise serving the multifamily industry, The Home Depot is well positioned to help expand your business. Depend on us to provide the highquality products that your residents expect, as well as the innovative business solutions and services you require to manage your business, enhance efficiency, and increase your net operating income.”

Michael Lirangi

National Account Manager

Michael_lirangi@homedepot.com

Matt Glassford Regional Account Manager – BC Matthew_d_glassford@homedepot.com

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 us 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.WasteConnectionsCanada.com

YARDI BREEZE PREMIER

Yardi Breeze Premier is intuitive and powerful property management software designed for you. Our refreshingly simple platform puts you in charge of marketing and managing your entire portfolio, with support for residential, commercial and mixed properties. Rest easy knowing your reports are accurate with Yardi’s trusted, built-in accounting system to track your revenue and expenses. And since Breeze Premier is in the cloud, you can work from anywhere and get fantastic support when you need it.

Are you ready to make property management a breeze? Learn more by visiting http://www.yardibreeze.ca/ Nafisa.Khan@Yardi.com

2024 ANNUAL RESOURCE GUIDE | 9 2024
ANNUAL RESOURCE GUIDE

Landlord’s Checklist

Application Received Date:

Application Approved Date:

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 | 2024 ANNUAL RESOURCE GUIDE 2024 ANNUAL RESOURCE GUIDE
1
Quick, competitive quotations Direct to owner, GC or Quick, competitive quotations envelope consultant Direct to owner, GC or envelope consultant Email: retrowindow@telus.net | Fax: 604-291-6750 604-291-6751 VANCOUVER ISLAND/OKANAGAN 1-866-291-6751 LOWER MAINLAND Window Mfg. Ltd. RetroTeck

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:

Date of Inspection by Notice:

Communication Method:

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:

Date Served:

Date Served:

Date Served:

Date Served:

Date:

Method of Service:

Method of Service:

Method of Service:

Method of Service:

Method of Service:

Effective Date:

Effective Date:

Effective Date:

Effective Date:

Effective 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.

12 | 2024 ANNUAL RESOURCE GUIDE 2024 ANNUAL RESOURCE GUIDE
2
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:

Signed Consent to Retain

Date: Form Used:

Applied Through Dispute Resolution

Date of Application:

Method of Service:

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.

14 | 2024 ANNUAL RESOURCE GUIDE 2024 ANNUAL RESOURCE GUIDE 3
Providing the best repiping solutions means everything to us because it means everything to you. 1263 Clark Drive Vancouver, BC V5L 3K6 t. 604.253.9330 f. 604.253.9340 Info@bmsgroup.ca www.bmsgroup.ca 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.

LANDLORDBC 2024 QUICK REFERENCE

2024 INCREASE PERCENTAGE: 3.5%

Rent increases require 3 months notice and cannot be effective less than 12 months since the last increase or the date the rent was established.

Security and Pet Damage Deposits

2024

2009

2008

2007

2006

2002

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 *Be sure to utilize the RTB Deposit Interest Calculator to ensure accuracy*

Deposit: $500 Taken by the landlord January 1, 2021 and received by the tenant March 24 2024.

The total that should be returned is $512.91 based on the $12.91 of interest that is owed on the deposit.

METHODS OF SERVICE

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: $9.75 interest owing (1.95% rate for 100.00% of year)

2024 $509.75: $3.16 interest owing (2.7% rate for 22.95% of year)

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 1 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

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 3 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.

When serving notices, whether it’s a notice of entry, rent increase, end of tenancy of 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.

Method It’s considered received…

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

16 | 2024 ANNUAL RESOURCE GUIDE 2024 ANNUAL RESOURCE GUIDE
Period Interest Rate
2.7%
1.95%
2023
0.00%
- 2022
1.50%
1.50%
0.50%
0.00%
3.00% 2000 2.00%
- 2005
2001

Method It’s considered received…

Fax a copy to the contact number provided by the tenant

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

3 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

Determined by the Residential Tenancy Branch

Not considered served – this is an unacceptable method

Not considered served – this is an unacceptable method

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 2024 rate as soon as it is available.

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

June 1, 2023 – $1,002.53 per month plus $40.17 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

June 1, 2023 – $3,414.85 per month

2024 ANNUAL RESOURCE GUIDE | 17
2024 ANNUAL RESOURCE GUIDE

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.

HEATING DISCOUNTS - ABSOLUTE ENERGY

As a benefit to our members, LandlordBC established a direct purchase natural gas program several years ago. LandlordBC members, throughout the province, can participate. The program continues to achieve its two main objectives by keeping prices low and stabilizing costs.

Contact Kirby Morrow at Absolute Energy kirby@absolute-energy.ca

18 | 2024 ANNUAL RESOURCE GUIDE 2024 ANNUAL RESOURCE GUIDE

HOME IMPROVEMENT & CONSTRUCTION

PRODUCTS - THE HOME DEPOT AND RONA

Partnering with a national home improvement and construction products and services retailers, we offer exclusive discounts through their Pro programs. No matter how big or small your project, you can earn quarterly rebates and access volume pricing.

More information on The Home Depot Pro Xtra program and the Rona VIP PRO program can be found on the members only section of the LandlordBC website.

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 $8.95 for the basic credit check and $13.95 for a full model report, you save significantly on each report. The reports are instant and accessible online 24/7.

Visit the RentCheck website at rentcheckcorp.com

TENANCY FORMS – PENDO

We partnered with RentCheck to help property owners and 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

2024 ANNUAL RESOURCE GUIDE | 19 2024 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.

CMHC RENTAL MARKET REPORT

Canada Overview, Vancouver and Toronto Market Insights

Adapted from CMHC, Rental Market Report, January 2024

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

In most major markets across the country, strong rental demand continued to outpace supply, resulting in tighter markets and lower affordability.

The national vacancy rate for purpose-built rental apartments reached a new low (1.5%) and average rent growth reached a new high (8.0%), as rental conditions continued to tighten in most rental markets.

Supply was unable to keep pace with demand despite an increase in the overall survey universe of rental units.

Immigration supported demand in most large centres such as Toronto, Montréal and Vancouver, while high interprovincial migration contributed in Calgary and Edmonton. Overall, employment gains and low homeownership affordability also supported demand.

Affordability decreased, as rent growth exceeded average wage growth by a wide margin. Lower-income renters faced belowaverage vacancy rates for the least expensive units in most cities.

20 | 2024 ANNUAL RESOURCE GUIDE 2024 ANNUAL RESOURCE GUIDE
1.5% 0.9% Vacancy Rate Vacancy Rate $1,359 UP BY 8.0% $2,049 Average Two-Bedroom Rent Average Two-Bedroom Rent CONDOMINIUM APARTMENT MARKET
Scan this for the full CMHC Report:

CANADA’S RENTAL VACANCY RATE FELL TO A NEW LOW AS DEMAND OUTPACED SUPPLY

The national vacancy rate declined for a second consecutive year. This notable decrease has left the vacancy rate at a new low of 1.5% in 2023 from 3.1% in 2020 and 2021. Rental markets are particularly tight in Canada’s main cities.

Strong immigration and employment growth pushed up rental demand at the national level. As for supply, it increased again, but not at a strong enough pace to keep up with rental demand.

VACANCY RATES FELL IN MOST OF CANADA’S LARGER MARKETS

In 2023, Toronto, Montréal, Calgary and Edmonton all reported significantly lower vacancy rates. Vacancy rates held steady in Vancouver and Ottawa. These markets remain tight, as this stability follows significant declines in 2022. In fact, Vancouver remains Canada’s tightest major market.

Project3_Layout 1 2023-09-13 12:33 PM Page 1

Calgary and Edmonton saw relatively steep declines, bringing the vacancy rate in both centres below the 3% mark. This change indicates that, in Alberta’s major markets, growth in rental demand was strong compared to growth in supply in 2023, which is consistent with their relatively strong demographic and employment conditions.

While Montréal didn’t see as large a decline as other major markets, trends in this city tend to drive aggregate national trends because of its large rental market, representing 28.4% of the 2023 rental universe. This exceeds the next 2 largest shares combined (Toronto at 14.6% and Vancouver at 5.5%).

5

2024 ANNUAL RESOURCE GUIDE | 21 2024 ANNUAL RESOURCE GUIDE
0.9% 0.9% 4.3% 2.4% 2.7% 1.4% 1.6% 1.4% 2.1% 2.1% 2.0% 1.5% 1.9% 1.5% Vancouver* Edmonton Calgary Toronto Ottawa * Montréal CANADA October 2022 October 2023 * “CANADA” includes all centres with at least 10,000 inhabitants. Source: CMHC; Vacancy rate for privately initiated purpose-built rental apartments (3+ units)
*
Considering a repipe? Call the experts at CuraFlo for: · The best managed plumbing project in the city. · The highest quality workmanship. · The largest choice of restoration options. · Longest warranty in the industry. CuraFlo 7436 Fraser Park Drive, Burnaby, BC V5J 5B9 604.298.7278 curaflo.com info@curaflo.com Detect leaks before damage occurs.

IMMIGRATION, EMPLOYMENT GROWTH AND INCREASED COSTS OF HOMEOWNERSHIP SUPPORTED HIGHER RENTAL DEMAND

Strong rental demand was supported by:

• increased immigration. New immigrants have a high tendency to rent;

• employment growth for those aged 15 to 24. Younger households have an above-average tendency to rent; and

AVERAGE NATIONAL RENT GROWTH REACHED A NEW HIGH AS MAJOR RENTAL MARKETS TIGHTENED

Vacancy rates fell in most of Canada’s larger markets

In 2023, Toronto, Montréal, Calgary and Edmonton all reported significantly lower vacancy rates (Figure 1). Vacancy rates held steady in Vancouver and Ottawa. These markets remain tight, as this stability follows significant declines in 2022. In fact, Vancouver remains Canada’s tightest major market.

Growth in the average rent for 2-bedroom purpose-built apartments common to both the October 2022 and October 2023 surveys (referred to as “same-sample” rent growth) accelerated sharply to 8.0% from 5.6% over the previous 12-month period. This is a new high, well above the 1990to-2022 average of 2.8%. Rent growth exceeded both inflation (4.7%) and wage growth (5%), indicating a decline in affordability.

Calgary and Edmonton saw relatively steep declines, bringing the vacancy rate in both centres below the 3% mark. This change indicates that, in Alberta’s major markets, growth

including Vancouver and Toronto

Most markets reported higher rent growth, consistent with the observed decline in vacancy rates. Not surprisingly, Calgary and Edmonton saw the sharpest acceleration in rent growth among the largest markets.

Toronto, Montréal, and Vancouver also saw rent growth accelerate. While Vancouver’s vacancy rate held steady, it still posts one of the lowest rates in Canada.

In 2023, Toronto, Montréal, Calgary and Edmonton all reported significantly lower vacancy rates (Figure 1). Vacancy rates held steady in Vancouver and Ottawa. These markets remain tight, as this stability follows significant declines in 2022. In fact, Vancouver remains Canada’s tightest major market.

Toronto ($1,961). The least expensive rental markets remain concentrated in Québec, exemplified by Montréal’s relatively low average 2-bedroom rent ($1,096) when compared to other large centres.

• a higher overall tendency to rent due to the low affordability of homeownership.

in 2023, which is consistent with their relatively strong demographic and employment conditions.

While Montréal didn’t see as large a decline as other major markets, trends in this city tend to drive aggregate national trends because of its large rental market, representing 28.4% of the 2023 rental universe. This exceeds the next 2 largest shares combined (Toronto at 14 6% and Vancouver at 5.5%)

NEW TENANTS IN VANCOUVER AND TORONTO FACED MUCH HIGHER RENTS

Tight market conditions were also reflected in high rents for turnover units again in 2023, the average rents in turnover units exceeded rents in non-turnover units by 13%. A unit is counted as “turned over” if it was occupied by a new tenant who moved in during the 12-month survey period. This difference varied across regions, with Calgary (9%), Edmonton (3%) and Montréal (10%) reporting much lower gaps than Vancouver (27%), Toronto (31%), and Ottawa (21%).

Vacancy rates fell in most of Canada’s larger markets

in 2023, which is consistent with their relatively strong demographic and employment conditions.

In terms of rent levels, Vancouver remains the most expensive rental market ($2,181 average monthly rent for a 2-bedroom purpose-built apartment), followed by

Calgary and Edmonton saw relatively steep declines, bringing the vacancy rate in both centres below the 3% mark. This change indicates that, in Alberta’s major markets, growth

Several factors can explain the higher “turnover” rent and how it compares to the non-turnover rent. Once a unit turns over, it becomes subject to market demand. In markets where supply is not keeping up with demand, rents can increase significantly when a unit is turned over. Another source of rent pressure on turnover units is renovations and repairs.

Demographic developments favoured demand, and had uneven regional impacts. The growth rate of the population aged 15 to 24 (a basin of potential new renters) accelerated in 2023, following weak growth in 2022. In fact, the 15-to-24 age group saw higher growth than other age groups in 2023 in most provinces. Alberta saw particularly strong growth in this age group, which was more than twice the national average. The Alberta case likely reflects high net inflows of working-age interprovincial migrants to the province. In 2022, Alberta was the destination for most interprovincial migrants by far, and inflows are even higher so far in 2023. Migrants are likely drawn to Alberta, at least partly, by the relatively strong employment growth in Calgary and Edmonton as well as lower home prices relative to Toronto and Vancouver.

While Montréal didn’t see as large a decline as other major markets, trends in this city tend to drive aggregate national trends because of its large rental market, representing 28.4% of the 2023 rental universe. This exceeds the next 2 largest shares combined (Toronto at 14 6% and Vancouver at 5.5%)

Net immigration to Canada has trended sharply higher since 2020, reaching new highs and providing a strong push to rental demand in the 3 largest cities of Toronto, Montréal and Vancouver. These markets are also the destination for many international students to Canada, the number of whom has also reached new highs since 2020, putting further upward pressure on rental demand in these centres.

In 2023, employment grew across Canada’s largest markets, contributing to rental demand. Employment growth was also observed for Canadians aged 15 to 24, prompting them to enter the rental market. There were important differences across the country. Québec and Ontario saw the highest employment growth for

22 | 2024 ANNUAL RESOURCE GUIDE 2024 ANNUAL RESOURCE GUIDE
including Vancouver and Toronto Change in the survey universe of privately initiated purpose-built rental apartment universe between October 2022 and October 2023. Note: Revisions to the Rental Market Survey (RMS) universe may lead to the removal of some dwellings and impact the overall change
See the Methodological Appendix
Source: CMHC 3.7% 6.2% -0.5% 0.6% 1.8% 2.7% 1.7% Vancouver Edmonton Calgary Toronto Ottawa Montréal CANADA page 119 October 2022 October 2023 5.7% 8.6% Vancouver 1.6% 6.4% Edmonton 6.0% 14.3% Calgary 6.5% 8.8% Toronto 4.8% 4.0% Ottawa 5.4% 7.9% Montréal 5.6% 8.0% CANADA “CANADA” includes all centres with at least 10,000 inhabitants. Source: CMHC; Rent growth in 2023 measured for 2-bedroom units in privately initiated apartment structures of three or more units common to both the 2022 and 2023 surveys Rental Market Report | January 2024 6
in the universe.
atpage 119 for more details.
universe of privately
purpose-built rental apartment universe
Revisions
Methodological
Source: CMHC 3.7% 6.2% -0.5% 0.6% 1.8% 2.7% 1.7% Vancouver Edmonton Calgary Toronto Ottawa Montréal CANADA page 119 October 2022 October 2023 5.7% 8.6% Vancouver 1.6% 6.4% Edmonton 6.0% 14.3% Calgary 6.5% 8.8% Toronto 4.8% 4.0% Ottawa 5.4% 7.9% Montréal 5.6% 8.0% CANADA
includes all centres with at least 10,000 inhabitants. Source: CMHC; Rent growth in 2023 measured for 2-bedroom units in privately initiated apartment structures of three or more units common to both the 2022 and 2023 surveys Rental Market Report | January 2024 6
Change in the survey
initiated
between October 2022 and October 2023. Note:
to the Rental Market Survey (RMS) universe may lead to the removal of some dwellings and impact the overall change in the universe. See the
Appendix atpage 119 for more details.
“CANADA”

15-to-24-year-olds, which was likely a factor driving demand in Toronto and Montréal.

The low affordability of homeownership continued to encourage rental demand, adding to the upward pressure from the labour market and demographic factors. Higher mortgage rates and high home prices in recent years decreased the capacity of renters to transition to homeownership. In Toronto and Vancouver, Canada’s most expensive homebuying markets, monthly housing expenses if buying a median-priced home in the second quarter of 2023 were over 50% of the median household income.

In 2023, most major centres saw turnover rates decline for a second consecutive year. For many, renting a newly turned over apartment or buying a home is significantly harder to achieve. Both of these factors contributed to the decline in turnover rates from 13.6% to 12.5% in 2023. A lower turnover rate indicates a reduced ability or willingness of households to leave a rental unit.

RENTAL CONDOMINIUM APARTMENT MARKETS ALSO TIGHTENED

Rented condominiums account for about 20% of all rented units in 17 surveyed centres across Canada. Two-thirds of Canadian rented condominiums are in Toronto and Vancouver (see these individual reports to understand their rental condominium markets).

Demand dynamics of the purpose-built market also drove the rental condominium market. The average vacancy rate for rental condominiums fell from 1.6% in 2022 to 0.9% in 2023. The average rent for 2-bedroom rental condominium apartments increased significantly from $1,929 to $2,049. Lower vacancies and higher rents signal tightening markets despite a 6.0% growth in the rental condominium universe. Overall, results for both the purposebuilt and rental condominium markets reinforce the importance of addressing supply gaps to improve housing affordability for Canadians.

2024 ANNUAL RESOURCE GUIDE | 23 2024 ANNUAL RESOURCE GUIDE
Your trusted insurance partners have joined forces. CapriCMW, Megson FitzPatrick and the Rogers Insurance Group have merged to become Acera Insurance, combining decades of experience to bring you industry-leading insurance and risk management solutions. Local realty insurance specialists Our experts deliver customized solutions to protect your properties. In-house loss prevention specialists We provide thorough risk assessments of properties with detailed guidance and recommendations to prevent and mitigate loss. Strength of more than 1,000 professionals in over 60 locations Our scale allows us to leverage the best coverage and pricing available, with financially stable and secure insurers. Be certain. Talk to an Acera Insurance advisor today. acera.ca a division of Rogers Insurance

VANCOUVER

The total vacancy rate was unchanged at 0.9%. Rental demand was driven by record immigration and decreases in homeownership affordability.

The purpose-built rental universe grew by 2.7%, mainly from new developments in the cities of Vancouver and Surrey.

Two-bedroom rents grew by 8.6% on average. This growth was driven by large increases in rents of units at turnover.

Affordability worsened for low-income households: vacancy rates for the most affordable units were lower than average, and these households already spend a greater share of their income on rent.

VACANCY RATES UNCHANGED AS NEW RENTAL SUPPLY WAS QUICKLY ABSORBED

The rental market in the Vancouver census metropolitan area (CMA) stayed constrained in 2023 as the average vacancy rate for purpose-built rental apartments remained unchanged at 0.9% . Record immigration to British Columbia put further pressure on the rental market, since recent immigrants tend to be renters. At the same time, rising mortgage costs and higher income requirements likely delayed home purchases, causing potential buyers to stay in the rental market.

The average vacancy rate was unchanged in the CMA. At the neighbourhood level, meanwhile, most areas saw decreased or unchanged vacancy rates despite an increase in the universe. Notably, the Kerrisdale/Westside neighbourhood in the City of Vancouver saw a vacancy rate decrease of 1.5 percentage points. This was likely due to increased uptake of new units in the neighbourhood, which more than compensated for an exceptional supply growth in 2022.

In the few areas that showed an increase in vacancy, the increase likely resulted from newly completed rental buildings that weren’t completely rented out.

IMMIGRATION DROVE RENTER DEMAND IN METRO VANCOUVER

Immigration was the main driver of population growth in the province in the first half of 2023. While net interprovincial migration declined, hitting negative levels during the survey period, net international migration to British Columbia grew by 56% compared to the first half of 2022.2 This surge in

24 | 2024 ANNUAL RESOURCE GUIDE PURPOSE BUILT RENTAL MARKET
HIGHLIGHTS
0.9% Vacancy Rate Vacancy Rate $2,181 UP BY 8.6% Average Two-Bedroom Rent Average Two-Bedroom Rent CONDOMINIUM APARTMENT MARKET
0.9% $2,580
Braden Batch, Senior Specialist

imm igration is in line with what was observed in other major centres in Canada and drove rental demand in those regions. In British Columbia, most new immigrants settle in Vancouver. Vancouver hosts several post-secondary institutions that enroll large international student populations. The University of British Columbia and Simon Fraser University, the 2 largest institutions in the CMA, saw over 23,600 international students enrolled in 2023, similar to international enrollment in 2022.3, 4 There are approximately 16,500 student beds between these two universities.5,6 As post-secondary students most often choose to rent, increases in the international student population are likely to add to rental demand in the region.

RISING MORTGAGE COSTS AND HIGH APARTMENTCONDOMINIUM PRICES DISCOURAGED POTENTIAL HOMEBUYERS

Homeownership affordability continued to decline in Metro Vancouver as rising mortgage rates pushed carrying costs higher for homebuyers. At the same time, apartment-condominium prices remained

Rising mor tgage costs and high apar tment- condominium prices discouraged potential homebuyers

Homeownership affordability continued to decline in Metro Vancouver as rising mortgage rates pushed carrying costs higher for homebuyers. At the same time, apartment-condominium

The monthly mortgage payment of a typical 2-bedroom condominium sold in

2024 ANNUAL RESOURCE GUIDE

was 7.3% higher than the same payment for a unit sold

2022. The cost gap between choosing to stay in a condominium on the rental market

Figure 1 Costs bet ween owning and renting an apar tment continues to widen as ownership costs grow

Purpose -built universe continued to expand, but at a slightly slower pace

high. While prices were slightly lower in 2023, they didn’t decrease enough to offset increases to homeownership costs from mortgage payments and rising strata maintenance fees.

but still above the trailing 5-year average (Table 1.1.3). Most of the increase in the universe was seen in 1-bedroom units as new developments in the City of Vancouver and Surrey were completed. Areas such as Southeast Vancouver, the Tri-Cities, and Surrey are expected to see the largest growth

Rent grow th continued to accelerate af

fordability

PURPOSE-BUILT UNIVERSE CONTINUED TO EXPAND, BUT AT A SLIGHTLY SLOWER PACE

While most zones saw an increase in the rental universe, there were a few exceptions, notably in North Burnaby and the Tri-Cities. The universe decreases in these zones are likely due to apartments being reclassified as social and affordable homes, or their demolition for a new project.

The monthly mortgage payment of a typical 2-bedroom condominium sold in 2023 was 7.3% higher than the same payment for a unit sold in 2022. The cost gap between choosing to stay in a condominium on the rental market and choosing to own a similar unit continued to grow.

Increases in same-sample rents continued to accelerate in 2023, as the average increase across all bedroom types reached 9.7%, up from 6.3% in 2022 (Table 1.1.5). Vancouver falls under the pro vinci ally le gis la ted re nt i ncre ase l imit of 2%, w hich ho ld s t he re nt s of the v as t majori ty of un it s below marke t le vel s The larger increase in same-sample rent reflects the increased rental demand that the Vancouver CMA is facing. As rental demand continues to increase, renters with lower incomes will face greater pressure as rents outpace their wage growth In 2023, a minimum-wage worker renting at the average b ac hel or u nit rent wou ld see over 50% of t he ir mont hl y i nc ome g o tow ards rent. Tho se e nter ing the mar ke t o r

The purpose-built rental apartment universe grew by 3,144 units, or 2.7%. This growth was slightly lower than that seen in 2022, but still above the trailing 5-year average. Most of the increase in the universe was seen in 1-bedroom units as new developments in the City of Vancouver and Surrey were completed. Areas such as Southeast Vancouver, the Tri-Cities, and Surrey are expected to see the

2024 ANNUAL RESOURCE GUIDE | 25
t hey d id n’t decrea se e no ug h to offse t increa se s t o homeownership costs from mortgage payments and rising strata maintenance fees.
2023
in
$1,050.30 $1,488.15 $2,212.74 $4,004.09 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Bachelor 1 Bed 2 Bed 3+ Bed es and average prices for condominiums sold in each year. Source: CMHC, GVREB, FVREB, Ratehub 12
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 2024, please contact: Dan Gnocato, Publisher dang@mediaedge.ca | t: 604 549 4521 650 18,500 , We o er Complete Design, Engineering & Installation Services, including restoration of all nishes. Contact us for a complimentary evaluation or estimate: 604-872-2561 or sales@cambridgeplumbing.com www.cambridgeplumbing.com 4343 Fraser Street, Vancouver, B.C. V5V 4G4 | Tel: 604-872-2561

largest growth in rental supply in the near future.

While most zones saw an increase in the rental universe, there were a few exceptions, notably in North Burnaby and the Tri-Cities. The universe decreases in these zones are likely due to apartments being reclassified as social and affordable homes, or their demolition for a new project.

RENT GROWTH CONTINUED TO ACCELERATE IN MOST OF METRO VANCOUVER, WORSENING AFFORDABILITY

Increases in same-sample rents continued to accelerate in 2023, as the average

increase across all bedroom types reached 9.7%, up from 6.3% in 2022. Vancouver falls under the provincially legislated rent increase limit of 2%, which holds the rents of the vast majority of units below market levels. The larger increase in same-sample rent reflects the increased rental demand that the Vancouver CMA is facing.

13

As rental demand continues to increase, renters with lower incomes will face greater pressure as rents outpace their wage growth. In 2023, a minim um-wage worker renting at the average bachelor unit rent would see over 50% of their monthly income go towards rent. Those entering the market or moving may see more

26 | 2024 ANNUAL RESOURCE GUIDE 2024 ANNUAL RESOURCE GUIDE SERVICES CANADA LTD. UPF RON T SELL IN G. You pay the same price you have been quoted. AS K A ROUN D. Air-Vac Ser vices is ver y well known and respected in the industr y. 50 years in the business of air duct cleaning. Dryer Vent Cleaning ■ Outside only cleaning • High-rise rappelling • Low rise Ladder work ■ In & Out complete cleaning ■ In-suite C.O D. cleaning ■ Common laundr y exhaust cleaning ■ Video inspections ■ Booster fan supply & install Ventilation Cleaning ■ HVAC system cleaning ■ Hall pressure system cleaning Garbage Chute Cleaning Air Filter Sales & Service Furnace & Air Duct Cleaning Ph 604 882 9290 Fax 604 882 9295 contact@airvacservices com www.airvacservices com Air-Vac Services has been locally owned and operated since 1966. SERVICES:
rents continue to increase at present rates, the turnover rates would likely keep falling as long-tenured renters face large rent premiums if they move. As rent control holds continuously occupied units below market prices, decreasing turnover rates lead to smaller total increases in revenue for rental owners. Given recent cost in 2022 Most of this drop is attributable to fewer newly added apartment-condominium that were rented in the same year This is mainly due to fewer condo completions in 2023. It is also likely that prevailing mortgage rates have discouraged some potential investors from purchasing and renting more new condos this year.
Source: CMHC -4,000 -2,000 0 2,000 4,000 6,000 8,000 10,000 12,000 6,329 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Number of existing units converted to rental Number of newly added units rented in same year Net change in supply of rental units
Figure 2 Components of change in supply of rental condominium apar tments, Vancouver CMA

challenge as asking rents are typically above the current average. Lowerincome renters are also more likely to seek more affordable but smaller units or shared living arrangements that will fit their budget but that may not meet their housing needs.

The availability of affordable market units remained low in Metro Vancouver. The vacancy rate for 2-bedroom units that are the cheapest 25% in the CMA was 0.6%. Low vacancy rates for cheaper units will likely lead to low turnover as renters are left with few options.

The average turnover rate for all bedroom types fell further in 2023, to 8.1% from 10.7% in 2022. In the CMA, the average rent for units that turned over were 26.6% higher than units that didn’t turn over in 2023. Should rents continue to increase at present rates, the turnover rates would likely keep falling as long-tenured renters face large rent premiums if they move.

As rent control holds continuously occupied units below market prices, decreasing turnover rates lead to smaller total increases in revenue for rental owners. Given recent cost inflation, it’s likely that rent increases

weren’t enough to offset higher building maintenance costs. This would lead to lower incentives for investments in rental developments.

RENTAL CONDOMINIUM GROWTH CONTINUED TO BE AN INTEGRAL PART OF RENTAL SUPPLY GROWTH IN METRO VANCOUVER

De mand for rental condominiums reflected overall tightening of rental demand in Vancouver as the vacancy rate for these units fell from 2.2% in 2022 to 0.9% in 2023. At the same time, this segment expanded by 6,329 units, or 7.2%. While this growth continued to be significantly higher than the ten-year average by 62%, this was a slowdown compared to the 7,850 units added to the condominium rental universe in 2022. Most of this drop is attributable to fewer newly added apartmentcondominium that were rented in the same year.

This is mainly due to fewer condo completions in 2023. It is also likely that prevailing mortgage rates have discouraged some potential investors from purchasing and renting more new condos this year.

2024 ANNUAL RESOURCE GUIDE | 27 2024 ANNUAL RESOURCE GUIDE
TURN THIS INTO THIS Fus e Panel Upg r ad es B EN E F I T S : • SAFETY FOR BUILDING & TENANTS • CONFORM WITH ELECTRICAL CODE & INSURANCE GUIDELINES REDUCE # OF SERVICE CALLS • INCREASE VALUE TO PROPERTY EVA NS O N L E C T R I C E PROFESSIONAL ELECTRICAL SERVICES 6 0 4 657 795 7 d a v i d@ e v a n s o n e l e c t r i c c o m Fuse Panel Upgrades • SAFET Y FOR BUILDING & TENANTS • CONFORM WITH ELECTRICAL CODE & INSURANCE GUIDELINES • REDUCE # OF SERVICE CALLS • INCREASE VALUE TO PROPERT Y • BUILDING MAINTENANCE • COMMERCIAL TENANT IMPROVEMENTS • SUITE RENOVATIONS • ELECTRICAL SAFETY • PANEL UPGRADES • SERVICE UPGRADES INSPECTIONS BENEFIT S: OTHER SERVICES: TURN THIS INTO THIS Free Estimates Licensed, Bonded, Insured Member of LandlordBC (Formerly BCAOMA) Licence: 26765 604.657.7957 david@evansonelectric com Do you need an electrical operating permit for your apartment building or strata? We can help with that!

VICTORIA

Braden Batch, Senior Specialist

HIGHLIGHTS

The vacancy rate increased slightly to 1.6%, but remained low as renters absorbed most of the new supply.

Continued record-high immigration and a robust labour market supported rental demand in 2023.

The average rent for purpose-built two-bedroom apartments grew by 7.9%, driven by continued rental demand.

The purpose-built rental universe grew by 5%, continuing rapid expansion of rental stock, especially in Langford.

Affordability for low-income earners worsened as wages were unable to keep up with rising rents.

VACANCIES REMAIN LOW AS RENTAL DEMAND PERSISTS

The overall vacancy rate for purpose-built rental apartments was statistically unchanged at 1.6% in 2023, showing signs that the rental market is still tight.

The increase in vacancy in these 2 zones was likely due to high universe growth of 5.2% and 9.5%, respectively. The growth in these zones made up more than half of the growth of the purpose-built rental apartment universe in 2023. Together, there was an estimated increase of 88 vacant units in these areas.

In the condominium rental sector, persistently strong rental demand was also evident. The average vacancy rate fell to 0.1%, a negligible difference from 2022. Continued near- zero vacancy rates support the need for more rental supply in the region.

STRONG IMMIGRATION AND LABOUR MARKETS SUPPORT DEMAND IN THE REGION

Record immigration in the first half of 2023 into British Columbia supported rental demand in the Victoria CMA. While the large majority of immigrants to the province are likely to settle in Vancouver, continued immigration is also likely to result in more migrants settling in Victoria. Immigration to the province was the primary driver of population growth in 2023 as net interprovincial migration was negative for the first half of the year.

A strong labour market also supported demand as the unemployment rate fell slightly in 2023 compared to 2022. While unemployment

28 | 2024 ANNUAL RESOURCE GUIDE 2024 ANNUAL RESOURCE GUIDE
PURPOSE BUILT RENTAL MARKET
1.6% 0.1% Vacancy Rate Vacancy Rate $1,839 UP BY 7.9% $** Average Two-Bedroom Rent Average Two-Bedroom Rent CONDOMINIUM APARTMENT MARKET

has risen from recent lows, the overall unemployment rate remains near pre-COVID lows.2

The 2 largest sectors by employment in the Victoria CMA saw significant growth in employment over the past year. These sectors grew by:

• 48% (public administration)

• 16% (health care and social assistance)

The Victoria CMA is home to several postsecondary institutions that are open to international students. Near the city, the University of Victoria hosts an estimated 10,000 international students, while only supplying enough student housing for a quarter of them. These students are likely to seek rental units near the Saanich zone.

PURPOSE-BUILT UNIVERSE CONTINUES TO EXPAND QUICKLY TO MEET RENTAL MARKET DEMANDS

The purpose-built apartment universe grew by 4.9% in 2023, a pace similar to last year’s growth. This supply growth continues to be well above the trailing 10-year average of 2.6%, as significant shifts in Victoria’s rental supply began in 2017.

Purpose -built

continues to expand quickly to meet rental

Purpose -built universe continues to expand quickly to meet rental

In the City of Victoria itself, the universe grew by 4.9%, compared to a slightly higher 5.0% in the rest of the CMA. Outside of the city, growth was especially high in the area stretching from Langford to Sooke. New developments in Langford, especially, are driving the rental universe growth in the region, as the city is relatively affordable and development policy is attractive.

The purpose-built apartment universe grew by 4.9% in 2023, a pace similar to last year’s growth (Table 3.1.1). This supply growth continues to be well above the trailing 10-year average of 2.6%, as significant shifts in Victoria’s rental supply began

Langford and Esquimalt are expected to expand their rental universe quickly in the coming 12 to 24 months based on the number of rental units currently under construction.

RENTS CONTINUED TO INCREASE RAPIDLY THROUGHOUT THE REGION DRIVEN BY DEMAND PRESSURES EXCEEDING SUPPLY

The purpose-built apartment universe grew by 4.9% in 2023, a pace similar to last year’s growth (Table 3.1.1). This supply growth continues to be well above the trailing 10-year average of 2.6%, as significant shifts in Victoria’s rental supply began

Rents continued to increase at an elevated, but slightly slower pace than 2022. Rents within the City of Victoria continued to increase more quickly than those outside the City, as demand for rentals near the urban centre stayed strong.

In the City of Victoria itself, the universe grew by 4.9%, compared to a slightly higher 5.0% in the rest of the CMA. Outside of the city, growth was especially high in the area stretching from Langford to Sooke. New developments in Langford, especially, are driving the rental universe growth policy is attractive.

Langford and Esquimalt are expected to expand their rental universe quickly in the coming 12 to 24 months based on the number of rental units currently under construction.

next 2 years

In the City of Victoria itself, the universe grew by 4.9%, compared to a slightly higher 5.0% in the rest of the CMA. Outside of the city, growth was especially high in the area stretching from Langford to Sooke. New developments in Langford, especially, are driving the rental universe growth policy is attractive.

Increasing rents put pressure on affordability, especially for lower-income earners. A minimum-wage worker renting at the average rate would have to spend over 40% of their monthly income to rent. Those seeking new accommodations are likely to face rents in the market that are higher than average, constraining renter budgets even more. For those seeking lower-cost units, only 0.9% of the cheapest 25% of 2-bedroom apartments in the CMA were vacant in 2023. Despite the provincially legislated allowable rent increase of 2% in 2023, rents increased

Langford and Esquimalt are expected to expand their rental universe quickly in the coming 12 to 24 months based on the number of rental units currently under construction.

more quickly due primarily to high rental demand. When long-tenured units turn over, their rents increase to better reflect market pricing. Units that experienced turnover in 2023 were 41.5% more expensive than units that didn’t turn over in the CMA.

At the same time, turnover rates increased slightly, mainly driven by increases in turnover in older buildings. However, turnovers in Sidney and Langford-Sooke remain well above the CMA average, as average rents in those areas are also higher than the average in the CMA. Renters there are less discouraged from moving, since they are less likely to be renting at a rate much lower than current market rates in the same area.

New rental completions in areas with small existing rental universes are likely to drive average rents higher in the area, as seen in Sidney.

2024 ANNUAL RESOURCE GUIDE | 29 2024 ANNUAL RESOURCE GUIDE
Figure 1 Full-time employment grew sharply as net migration hit record levels universe
Net international migration (LHS) Net interprovincial migration (LHS) Victoria CMA full-time employment, 3-month moving average (thousands) (RHS) 145 150 155 160 165 170 175 180 185 190 -10,000 0 10,000 20,000 30,000 40,000 50,000 60,000 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 Source: Statistics Canada Tables: 14-10-0378-01, 17-10-0020-01, 17-10-0040-01 Persons (000s) Persons Source: CMHC 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Zone 1 - Cook St. Area Zone 2 - Fort St. Area Zone 3 - James Bay Area Zone 4 - Remainder of City City of Victoria (Zones 1-4) Zone 5 - Saanich/Central Saanich Zone 6 - Esquimalt Zone 7 - Langford/Vw Royal/Colwood/Sooke Zone 8 - Oak Bay Zone 9 - North Saanich Zone 10 - Sidney Victoria CMA Rental apartment units under construction as a share of current universe size Rental Market Report | January 2024 19
Figure 2 Rental supply in Lang ford and Esquimalt is likely to expand quickly in the Figure 1 Full-time employment grew sharply as net migration hit record levels
Net international migration (LHS) Net interprovincial migration (LHS) Victoria CMA full-time employment, 3-month moving average (thousands) (RHS) 145 150 155 160 165 170 175 180 185 190 -10,000 0 10,000 20,000 30,000 40,000 50,000 60,000 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 Source: Statistics Canada Tables: 14-10-0378-01, 17-10-0020-01, 17-10-0040-01 Persons (000s) Persons Source: CMHC 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Zone 1 - Cook St. Area Zone 2 - Fort St. Area Zone 3 - James Bay Area Zone 4 - Remainder of City City of Victoria (Zones 1-4) Zone 5 - Saanich/Central Saanich Zone 6 - Esquimalt Zone 7 - Langford/Vw Royal/Colwood/Sooke Zone 8 - Oak Bay Zone 9 - North Saanich Zone 10 - Sidney Victoria CMA Rental apartment units under construction as a share of current universe size Rental Market Report | January 2024 19
Figure 2 Rental supply in Lang ford and Esquimalt is likely to expand quickly in the next 2 years

ACCESS CONTROL KEY FOB

Vandelta Communication Systems Ltd. (VDC)

Christopher Rae (604) 732-8686

vandelta.com

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

AIR CONDITIONING

Reliance Home Comfort

Dan Harvey (416) 707-5964

reliancehomecomfort.com

APPLIANCE - RENTALS

Coinamatic Canada Inc.

Lyle Silverstein (604) 270-8441

coinamatic.com

Penguin Appliances Sales & Services Inc.

Harb Sangha (604) 451-4411

penguinappliances.ca

APPLIANCE - SALES & SERVICE

Coinamatic Canada Inc.

Lyle Silverstein (604) 270-8441

coinamatic.com

3rd Gen Barons Holdings (Formerly Trail Appliances)

Catherine Maxwell (604) 838-3385

trailappliances.com

Penguin Appliances

Sales & Services Inc.

Harb Sangha (604) 451-4411

penguinappliances.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

BUILDING ENVELOPE

ATRIA Building Solutions

Wojtek Ulasewicz (604) 837-8813

atriaconstruction.ca

BUILDING MANAGEMENT

Greater Vancouver Home Services Ltd.

Shawn Stevens (778) 727-2888

greatvancouverhomeservices.com

Lambert Plumbing and Heating Ltd.

Youhann Semov (604) 734-0890

lambertplumbing.ca

2024 RECOMMENDED TRADES AND SUPPLIERS - MAINLAND

CLEANING - JANITORIAL SERVICES

Greater Vancouver

Home Services Ltd.

Shawn Stevens (778) 727-2888

greatvancouverhomeservices.com

CONCRETE WORK

Garpy Concrete & Restoration Ltd.

Claudio Pineda (604) 375-3017

garpyconcrete.com

Seal-Crete Restoration Ltd.

Claudio Pineda (604) 375-2017

seal-crete.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

CREDIT REPORTS

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

DUCT CLEANING

Air-Vac Services Canada Ltd.

Brent Selby (604) 882-9290

airvacservices.com

ELECTRICIANS

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

Wyse Meter Solutions

Bianca Rosales (800) 672-1134 wysemeter.com

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 Insurance and Financial Services Corp.

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

EXTERIOR/ SIDING REPLACEMENT

Lambert Plumbing and Heating Ltd.

Youhann Semov (604) 734-0890 lambertplumbing.ca

FIRE PROTECTION & MONITORING

Community Fire Prevention Ltd.

Jordan Kennedy (604) 944-9242 comfire.ca

Telus Communications Inc.

Sarah Ballantyne (250) 310-3343 telus.com

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

HEATING FUELS ; PROPANE

Columbia Fuels

Chris Mallory (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

Acera Insurance, formerly Megson FitzPatrick Insurance

Mike Nichol (250) 519-2300

megsonfitzpatrick.com

BFL Canada Risk and Insurance Services Inc.

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

INTERCOM REPAIRS & INSTALLATION

Vandelta Communication Systems Ltd.(VDC)

Christopher Rae (604) 732-8686 vandelta.com

INVESTMENT & RETIREMENT PLANNING

Monarch Insurance and Financial Services Corp.

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

Refresh Law

Oscar Miklos (604) 800-8096 refreshlaw.ca

MEDIA

MediaEdge Communications

Dan Gnocato (604) 549-4521 mediaedge.ca

MORTGAGE FINANCING

Canada Mortgage and Housing Corporation

Eric Bond (604) 737-4161 cmhc.ca

Citifund Capital Corporation

Derek Townsend (604) 683-2518 citifund.com

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

Garpy Concrete & Restoration Ltd.

Claudio Pineda (604) 375-3017

garpyconcrete.com

Lambert Plumbing and Heating Ltd.

Youhann Semov (604) 734-0890

lambertplumbing.ca

Remdal Painting & Restoration Inc.

Paul Maryschak (604) 882-5155 remdal.com

PEOPLE SEARCH

RentCheck Credit Bureau

Brenda Maxwell (800) 661-7312

rentcheckcorp.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 LTD.

Lance Clarke (604) 731-1000

allied-plumbing.ca

Brighter Mechanical

Bryn Werry (604) 279-0901

brightermechanical.com

Cambridge Plumbing Systems Ltd.

John Jurinak (604) 872-2561 cambridgeplumbing.com

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

Xpert Mechanical & JK Lillie Ltd.

Kerry West (604) 294-4540 xpert.ca

PRINTING

Citywide Printing Ltd.

Gordon Li (604) 254-7187 citywideprint.com

PROPERTY MANAGEMENT

AQP Management

Sophie Bekes (778) 966-7277

Bayswater Projects Ltd.

Nicholas Wadsley (604) 720-0603 bayswater-projects.com

30 | 2024 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.

GWL Realty Advisors

Residential Inc.

Michele Caley (587) 412-5583

gwlraresidential.com

Holywell Properties

Adam Major (604) 885-3460

holywell.ca

Advent Real Estate Services Ltd.

Michelle Farina (604) 736-6478

rentwithadvent.com

Ami Dixon Property Manager

Ami Dixon (604) 833-4144

Appelt Management Inc.

Ryan Gray (250) 980-3577

risemanagement.ca

Associa British Columbia, Inc. - RHOME Property Management

Katie Khoo (604) 591-6060

rhomepm.ca

Associated Property Management (2001) Ltd.

Rob Zivkovic (250) 712-0025

apmkelowna.com

Barbican Property Management

Dragana Lazic (604) 424-8276

Barbicanpm.ca

Bayside Property Services Ltd.

Lynda Creamer (604) 432-7774

baysideproperty.com

BentallGreenOak (Canada) LP

Candace Le Roux (604) 646-2814

bentallgreenoak.com

Bill Henderson

Robert Kollen (604) 789-9600

Birds Nest Properties

Alvin Cheung (604) 260-9955

birdsnestproperties.ca

Bodewell Realty Inc.

Myra Rajan (604) 633-5511

bodewell.ca

Brightside Homes

Ronald Singh (604) 684-3515

brightsidehomes.ca

Casa Rental Management

Tammy Diego-Mott (604) 273-6801

Cathay Pacific Realty Ltd.

Adelina Ko (604) 657-3783

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

Chard Property Group Ltd.

Renee St. Germaine (778) 800-1180

Cherry Creek Property Services Ltd.

Val Ketel (250) 427-7411

ccps.email

CLV Group

Isra Alsalihiy (236) 808-2745

clvgroup.com

2024 RECOMMENDED TRADES AND SUPPLIERS - MAINLAND

Cogir Management Corporation

Kevin Anderson (905) 434-2433

cogir.net

Copper Ridge Court

Vera Lloyd (250) 372-0829

Coronet Realty Ltd.

Aaron Best (604) 298-3235

coronetrealtyltd.com

Coronet Realty Ltd.

Kaman Chan (604) 298-3235

coronetrealtyltd.com

Custom Realty Ltd.

Jolene Foreman (604) 916-6345

custom-realty.ca

Devon Properties Ltd.

Caroline Armstrong (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

Damien Roussin (604) 270-1711

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.

Sharam Rafati (604) 662-3279

easyrent.ca

Eve Chuang Personal Real Estate Corporation

Eve Chuang (778) 881-9771

evechuang.com

Fireside Property Group Ltd.

Keith McMullen (403) 228-4303

firesidepropertygroup.com

First Service Residential

Jaclyn Jeffrey (604) 683-8900

fsresidential.com

Four Seasons Property Management Ltd.

Tanveer Sandhu (778) 322-1493

fourseasonsmgmt.ca

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 Ltd.

Jayde Cooke (250) 345-2133

gdpm.ca

Gulf Pacific Property Management Ltd.

Terry Roberts (604) 990-1500

gulfpacific.ca

Hathstauwk Holdings Ltd.

Terra Turton (604) 272-7626

Hathstauwk.com

Home Life Deeyar Realty

Azi Hosseini (778) 881-4414

azihomes.com

HomeLife Benchmark

Realty Corp.

Nikki Sull (604) 644-4491

homelifepropertyrentals.ca

Hope Street Management Corp.

Alice Hua (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 (250) 391-8484

jksrealty.ca

Kare Property Management Group Ltd.

Erin Vowles (250) 794-0510

karepm.ca

L Bennett Consultants

Lolly Bennett (604) 307-3080

Laurie Petura

Laurie Petura (250) 495-3873

LauriePetura.ca

Locarno

Riley Mari (604) 366-4111

Lookout Housing & Health Society

Lorissa Demoskoff (604) 620-0110

Lougheed Enterprises Ltd.

Andrew Statham (604) 980-0067

Macdonald Commercial Real Estate Services Ltd.

Tony Letvinchuk (604) 736-5611

macdonaldcommercial.com

MacPherson Real Estate Ltd.

Rob MacPherson (604) 605-2534

cbmre.ca

Macro Properties

Imran Jivraj (250) 627-5003

macroproperties.com

Maple Leaf 1st Realty Ltd.

Hari Sharma (604) 837-5612

mapleleafrealty.com

Maple Leaf Property Management Apartments

Tim Damirov (604) 925-8215

Maude, MacKay & Co. Ltd.

Rod MacKay (604) 736-0181

maudemackay.com

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 (613) 301-6097 minto.com

Mountain Town Properties Ltd.

Jodie Ouimet (250) 368-7166

Mr. Christopher E Hughes, CCIM

Christopher Hughes, CCIM (604) 833-7922

Oak West Realty

Yori Nakatani (604) 731-1400

Oakwyn Realty Ltd. Arlene Chiang (604) 897-0458

oakwyn.com

Peninsula Property Management

Doug Holmes (604) 536-0220 rentinfo.ca

Peterson Group

Andrew Charney (604) 688-4885 petersonrentals.ca

Picket Fence Property Management Group

Cindy Hamel (604) 807-1105 picketfencepmg.com

Porte Realty Ltd.

Ryan Singleton (604) 732-7651 porte.ca

Propped

Jag Khangura (778) 200-8889 propped.ca

Prospero International Realty Inc.

Jeff Nightingale (604) 669-7733

prospero.ca

Quality Property Management

Real Estate Services Ltd.

Marianne Miller (778) 878-7304

bcpropertyspecialist.com

Raven Property Management Ltd.

George Holmes (250) 881-8866

RE/MAX City Realty Gibsons

Jason Ruck (604) 682-3074

coastrentals.ca

RE/MAX Crest Realty

Tom Wang (604) 897-3390

Re/Max Crest Realty Westside

Alex Ren (604) 364-8188 alexren.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 Ltd.

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

Refinity Homes

SiTao Jack (213) 703-4779

REMAX City

Ken O’Donnell (604) 740-7652

Remax Crest Realty

Aidin Ashkieh (604) 566-1010

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 (236) 429-6198

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 Nanaimo Realty

Brenda Gilroy (250) 760-2234

royallepagenanaimo.ca

Royal LePage Rockies West Realty

Cris Leonard (250) 409-5500

mountainviewproperties.ca

S.A.H. Properties Ltd.

Leslie Pomeroy (778) 230-3706

South Okanagan

Property Management

Ashley Lutke-Schipholt (250) 485-9935

southokanaganrentals.com

Southland Mortgage Ltd.

Erik Hyatt (778) 674-7925

Strand Development

Kris Loncar (778) 386-0522

Sunstar Realty Ltd.

David Mak (604) 436-1335

sunstarrealty.ca

Sutton West Coast Realty 120

Joseph T-Giorgis (604) 816-2928

Swift Realty Ltd.

Reza Khatami (604) 239-2144

swiftrent.ca

Townline Property Management Corporation

Laurel Terry (604) 327-8760

2024 ANNUAL RESOURCE GUIDE | 31

Townsend Management

Don Townsend (250) 448-0242

Transpacific Realty Advisors Accounting Department (604) 873-8591

Transpacificrealty.com

Tribe Management Inc.

Shelley Wittal (604) 635-5000

TribeMgmt.com

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 Rental Group

Seva Roberts (604) 537-4399

vancouverrentalgroup.ca

Vantage West Realty Inc.

Brenda Maxwell (250) 868-3151

View Royal Apartments

Karen Freeland (250) 812-5061

Wealth Realty

Bill Mitsui (778) 986-7759

wealthrealty.ca

Wesgroup Properties

Alysha Bacus (604) 648-1800

wesgroup.ca

2024

West Kootenay Rentals

Paula Owen (250) 359-5021

Widsten Property Management

Steve Widsten (250) 753-8200

islandrent.com

Wynn Real Estate Ltd.

Juhan Lee (604) 762-4200

wynnrealty.ca

Zhang’s International Holdings Ltd.

Lucy Liu (604) 418-7936

REAL ESTATE SALES

Larry Berisoff RE/MAX

Kelowna

Larry Berisoff (250) 878-7417

syberrealty.com

CBRE Limited

Lance Coulson (604) 662-5141

nationalapartmentgroupbc.ca

Goodman Commercial Inc.

Mark Goodman (604) 714-4790

goodmanreport.com

Macdonald Commercial Real Estate Services Ltd.

Tony Letvinchuk (604) 736-5611

macdonaldcommercial.com

Macdonald Commercial Real Estate Services Ltd.

Dan Schulz (778) 999-5758

bcapartmentinsider.com

McEvay Blair Multifamily Group

James Blair (604) 790-7089 mbmultifamily.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

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

Lambert Plumbing and Heating Ltd.

Youhann Semov (604) 734-0890 lambertplumbing.ca

FirstOnSite Restoration Ltd.

Amy Barilla (236) 335-0499

firstonsite.ca

Incredible Restorations

Mikael Gatfi (604) 639-0990

incrediblerestorations.com

ROOFING

Bond Roofing

Daniel Fajfar (604) 375-2100

bondroofing.ca

Cambie Roofing Contractors

Paul Skujins (604) 261-1111 cambieroofing.com

ROOFING; WATERPROOFING

Read Jones Christoffersen Ltd.

Jason Guldin (250) 213-2520 rjc.ca

SECURITY & INTERCOM SYSTEMS

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 Nathalie Meloche (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

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 | 2024 ANNUAL RESOURCE GUIDE IN NEED OF P L U M B I N G & H V A C EXPERTS? 6 0 4 7 3 4 0 8 9 0 604 734 0890 www.lambertplumbing.ca info@lambertplumbing.ca Gas Certified LGA0003309 Residential Plumbing, Heating & Air • Commercial Plumbing & Boilers • Air Conditioning & Heat Pumps • Hot Water Tanks • Full Re-Piping Services • Emergency Plumbing Services • Preventative Maintenance Programs • Sewer Repairs & Drain Cleaning • SERVICES OFFERED Serving the lowermainland area since 1977
RECOMMENDED
AND SUPPLIERS - MAINLAND ADVICE FOR LANDLORDS FROM THE GROUND UP • Residential Tenancy Branch • Evictions • Landlord/Tenant Disputes • Construction and Repair Claims • Strata Disputes • Judicial Reviews • Lease Drafting and Reviews • Property Management Issues CALL ALEX J. CHANG LESPERANCE MENDES LAWYERS 550-900 Howe Street, Vancouver BC Phone: 604-685-3567 Email: AJC@LMLAW.CA
TRADES

2024 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 AM

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

3rd Gen Barons Holdings (Formerly Trail Appliances)

Catherine Maxwell (604) 838-3385

trailappliances.com

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

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

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

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

FRESCo Building Efficiency

Jordan Fisher (778) 783-0315

frescoltd.com

Yardi Breeze Premier

Jasmin Rodas (800) 866-1124

yardibreeze.ca

FortisBC Energy Inc.

Mel Tugade (888) 224-2710

fortisbc.com

Wyse Meter Solutions

Bianca Rosales (800) 672-1134

wysemeter.com

ENGINEERS

FRESCo Building Efficiency

Jordan Fisher (778) 783-0315

frescoltd.com

Read Jones Christoffersen Ltd. (250) 213-2520

rjc.ca

ESTATE & SUCCESSION PLANNING

Monarch Insurance and Financial Services Corp.

Richard Laurencelle (604) 681-2699

EVICTION SERVICES

Canadian Tenant

Inspection Services Ltd.

Anna Garnett (778) 846-9125

ctiservices.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

Rushworth Electrical Services Inc.

Dustin Rushworth (250) 361-1231

rushworthelectric.ca

FLOORING AND CARPETING

Mira Floors Limitied

Kevin Bergstresser (604) 856-4799

mirafloors.com

FOOD WASTE DISPOSER

Super Save Group of Companies

Danielle Johannes (604) 533-4423

supersave.ca

GAS SERVICE

Callaway Plumbing and Drains Ltd.

Brett Callaway (250) 216-7159

callawayplumbing.ca

HEATING FUELS ; PROPANE

Columbia Fuels

Chris Mallory (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

Acera Insurance, formerly Megson FitzPatrick Insurance

Mike Nichol (250) 519-2300 megsonfitzpatrick.com

BFL Canada Risk and Insurance Services Inc. Stacey Wilson (778) 374-4125 bflcanada.ca/real-estate

INVESTMENT & RETIREMENT PLANNING

Monarch Insurance and Financial Services Corp.

Richard Laurencelle (604) 681-2699

LEGAL SERVICES

Haddock & Company

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

Lesperance Mendes

Alex Chang (604) 685-3567 lmlaw.ca

Refresh Law

Oscar Miklos (604) 800-8096 refreshlaw.ca

MEDIA

MediaEdge Communications

Dan Gnocato (604) 549-4521 mediaedge.ca

MORTGAGE FINANCING

Canada Mortgage and Housing Corporation

Eric Bond (604) 737-4161 cmhc.ca

Citifund Capital Corporation

Derek Townsend (604) 683-2518 citifund.com

ONLINE PAYMENT SERVICE

Yardi Breeze Premier

Jasmin Rodas (800) 866-1124 yardibreeze.ca

PAINT SALES

Cloverdale Paint

Dave Picariello (604) 551-8083 cloverdalepaint.com

PEOPLE SEARCH

RentCheck Credit Bureau

Brenda Maxwell (800) 661-7312 rentcheckcorp.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

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

PRINTING

Citywide Printing Ltd.

Gordon Li (604) 254-7187 citywideprint.com

PROPERTY MANAGEMENT

AQP Management

Sophie Bekes (778) 966-7277

Bayswater Projects Ltd.

Nicholas Wadsley (604) 720-0603 bayswater-projects.com

Colliers

Grant Evans (250) 414-8373 collierscanada.com

Equitex Realty Ltd.

Joe Bellows (250) 386-6071 equitex.ca

460 Property Management Inc.

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

Abingdon Moore Realty

Marilyn Koehle (778) 421-8797

Advanced Property Management & Real Estate

Lorri Fugle (250) 338-2472

advancedpm.ca

Appelt Management Inc.

Ryan Gray (250) 980-3577 risemanagement.ca

Bayside Property Services Ltd.

Lynda Creamer (604) 432-7774 baysideproperty.com

BentallGreenOak (Canada) LP

Candace Le Roux (604) 646-2814

bentallgreenoak.com

Brown Bros Agencies Limited

Drew Storey (250) 385-8771

brownbros.com

Cathay Pacific Realty Ltd.

Adelina Ko (604) 657-3783

Century 21 Energy Realty Ltd.

Mike Buburuz (250) 785-0021

c21energymanagement.ca

Century 21 Queenswood

Chris Markham (250) 477-1100

century21queenswood.ca

Chard Property Group Ltd.

Renee St. Germaine (778) 800-1180

Clover Residential Ltd. (Formerly Duttons)

David Logan (250) 383-7100

cloverresidential.com

Cogir Management Corporation

Kevin Anderson (905) 434-2433

cogir.net

Colyvan Pacific Property Management

Jodi Levesque (250) 754-4001

colyvanpacific.com/ Complete Residential Property Management

Dennie Linkert (250) 370-7093

completeresidential.com

Cornerstone Properties Ltd.

Jason Middleton (250) 475-2005

cornerstoneproperties.bc.ca

Coronet Realty Ltd.

Aaron Best (604) 298-3235

coronetrealtyltd.com

Coronet Realty Ltd.

Kaman Chan (604) 298-3235

coronetrealtyltd.com

Devon Properties Ltd.

Caroline Armstrong (250) 595-7000

devonproperties.com

DFH Real Estate Ltd.

Lisa Clark (250) 477-7291

Eve Chuang Personal Real Estate Corporation

Eve Chuang (778) 881-9771

evechuang.com

First Service Residential Jaclyn Jeffrey (604) 683-8900

fsresidential.com

Four Seasons Property Management Ltd.

Tanveer Sandhu (778) 322-1493

fourseasonsmgmt.ca

GMC Projects Inc.

David Milne (604) 717-4477

gmcprojects.com

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

Kare Property Management Group Ltd.

Erin Vowles (250) 794-0510

karepm.ca

Locarno

Riley Mari (604) 366-4111

Lookout Housing & Health Society

Lorissa Demoskoff (604) 620-0110

Lougheed Enterprises Ltd.

Andrew Statham (604) 980-0067

2024 ANNUAL RESOURCE GUIDE | 33

Macdonald Commercial

Real Estate Services LTD.

Tony Letvinchuk (604) 736-5611

macdonaldcommercial.com

Maple Leaf 1st Realty Ltd.

Hari Sharma (604) 837-5612

mapleleafrealty.com

Maple Leaf Property Management Apartments

Tim Damirov (604) 925-8215

Maude, MacKay & Co. Ltd.

Rod MacKay (604) 736-0181

maudemackay.com

Metro Vancouver Housing Corporation

Farah Kassam (604) 432-6300

metrovancouver.org

Minto Properties Inc.

Lynne Bedard (613) 301-6097

minto.com

Mr. Christopher E Hughes, CCIM

Christopher Hughes, CCIM (604) 833-7922

Oakwood Property Management Ltd.

Carol Dobell (250) 704-4391

oakwoodproperties.ca

Pemberton Holmes Property Management Ltd.

Claire Flewelling-Wyatt (250) 478-9141

thepropertymanagers.ca

Peterson Group

Andrew Charney (604) 688-4885

petersonrentals.ca

Porte Realty Ltd.

Ryan Singleton (604) 732-7651

porte.ca

Proline Management Ltd.

Adam Taylor (250) 475-6440

prolinemanagement.com

Propped

Jag Khangura (778) 200-8889

propped.ca

Prospero International Realty Inc.

Jeff Nightingale (604) 669-7733

prospero.ca

Quality Property Management

Real Estate Services Ltd.

Marianne Miller (778) 878-7304

bcpropertyspecialist.com

2024 RECOMMENDED TRADES AND SUPPLIERS - VANCOUVER ISLAND

Raven Property Management Ltd.

George Holmes (250) 881-8866

RE/MAX City Realty Gibsons

Jason Ruck (604) 682-3074

coastrentals.ca

RE/MAX Crest Realty

Tom Wang (604) 897-3390

Re/Max Crest Realty Westside

Alex Ren (604) 364-8188

alexren.com

RE/MAX Rental Pros

Marlon Brass (250) 585-9445

remaxrentalpros.com

Re/Max Sea to Sky

Real Estate Ltd.

Shankar Raina (604) 935-9071

remaxseatoskypm.com

Refinity Homes SiTao Jack (213) 703-4779

REMAX City

Ken O’Donnell (604) 740-7652

Remax Crest Realty

Aidin Ashkieh (604) 566-1010

Reside Management

Ericko Toni (236) 429-6198

residemanage.com

Richmond Property Group Ltd.

Jean McKay (250) 388-9920

richmondproperty.ca

Rize Alliance Properties Ltd.

Rebecca Mumford (604) 630-1645

rize.ca

Roboson Holdings Ltd.

Sarah Hill (604) 682-2088

rennie.com

Royal LePage

Coast Capital Realty

Kim Kissinger (250) 477-5353

atriumpropertymanagement.ca

Royal LePage Nanaimo Realty

Brenda Gilroy (250) 760-2234

royallepagenanaimo.ca

S.A.H. Properties Ltd.

Leslie Pomeroy (778) 230-3706

Southland Mortgage Ltd.

Erik Hyatt (778) 674-7925

Steve Nguyen Personal Real Estate Corporation

Steve Nguyen (250) 813-3314

Strand Development

Kris Loncar (778) 386-0522

Sutton West Coast Realty 120 Joseph T-Giorgis (604) 816-2928

Townline Property Management Corporation

Laurel Terry (604) 327-8760

TPM Properties

Debbie Hunt (250) 383-7663

Transpacific Realty Advisors (604) 873-8591

Transpacificrealty.com

Tribe Management Inc.

Shelley Wittal (604) 635-5000

TribeMgmt.com

Turner Meakin Management Company Ltd.

Brian Meakin (604) 736-7020

Vantage West Realty Inc.

Brenda Maxwell (250) 868-3151

View Royal Apartments

Karen Freeland (250) 812-5061

Wealth Realty

Bill Mitsui (778) 986-7759

wealthrealty.ca

Widsten Property Management

Steve Widsten (250) 753-8200 islandrent.com

Zhang’s International Holdings Ltd.

Lucy Liu (604) 418-7936

REAL ESTATE SALES

Larry Berisoff RE/MAX

Kelowna

Larry Berisoff (250) 878-7417

syberrealty.com

CBRE Limited

Lance Coulson (604) 662-5141 nationalapartmentgroupbc.ca

Colliers

Grant Evans (250) 414-8373 collierscanada.com

Goodman Commercial Inc.

Mark Goodman (604) 714-4790 goodmanreport.com

Macdonald Commercial

Real Estate Services 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

Callaway Plumbing and Drains Ltd.

Brett Callaway (250) 216-7159 callawayplumbing.ca

Cambridge Plumbing Systems Ltd.

John Jurinak (604) 872-2561 cambridgeplumbing.com

RESTORATION

FirstOnSite Restoration Ltd.

Amy Barilla (236) 335-0499 firstonsite.ca

Incredible Restorations

Mikael Gatfi (604) 639-0990

incrediblerestorations.com

ROOFING WATERPROOFING

Read Jones Christoffersen Ltd.

Jason Guldin (250) 213-2520 rjc.ca

SECURITY & INTERCOM SYSTEMS

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

Nathalie Meloche (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

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 | 2024 ANNUAL RESOURCE GUIDE
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

Gow Block

3589 Commercial Street, Vancouver

Mixed-use 6-unit heritage building in the Cedar Cottage neighbourhood. Completely rebuilt in 2010.

List $4,800,000 (3.7% cap)

Bethany Estate

3940 Pender Street, Burnaby

41 suites in Burnaby Heights – major renovation completed. Large 26,474 SF lot.

List $11,790,000

Premiere

408 E Columbia Street, New Westminster

Brand-new fully-leased 72-unit market rental –5.4% cap rate. Steps to Royal Columbian Hospital.

List $31,000,000

Mark

Personal

2-tower Oakridge development site

5409–5489 Manson Street, Vancouver

42,243 SF corner lot. Build up to 18 storeys. $150–$172/SF buildable depending on achievable FSR.

List $39,900,000

Wilby Residences

1909 Charles Street, Vancouver

Completely rebuilt 9-unit 4-storey building. Seniors housing investment opportunity.

List

Park Beach Manor

1925 Nelson Street, Vancouver

21-suite apartment building in West End – west of Denman neighbourhood. 350 metres to English Bay.

List $8,200,000

Kits Point waterfront dev site 1000 Cypress Street, Vancouver

14,256 SF Kits Point DP-approved waterfront development site with direct beach access.

List $15,500,000

Vancouver C-2 zoned warehouse

57 Lakewood Drive, Vancouver

C-2 zoned warehouse / development site. 24,142 SF corner lot. Build up to 3.0 FSR.

List $12,700,000

Glacier Apartments

7080 Glacier Street, Powell River

59 suites on massive 1.54-acre site with breathtaking water views. Westview neighbourhood

Sold $6,250,000

Goodman
Real Estate Corporation
604 714 4790 mark@goodmanreport.com Ian Brackett Direct 604 714 4778 ian@goodmanreport.com Goodman Commercial Inc. Office: 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 confirm its accuracy and completeness independently.
Direct
SOLD
UNDER CONTRACT
NEW
SOLD
$3,850,000 UNDER CONTRACT
UNDER CONTRACT
SOLD Image source: Google Maps
NEW
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.