2O24 ANNUAL RESOURCE
GUIDE LANDLORDBC.CA
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 Office Hours: 8:30 am to 4:30 pm weekdays
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
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
Directors James Blair, Nicolas Denux Dorothy Friesen, Kerri Jackson, Sarah Liu, Paul Sander, Kim Schuss
The KEY is published by MediaEdge Communications 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
Stephanie Watterson Member Services Representative
LEGAL SERVICES FOR RESIDENTIAL & COMMERCIAL LANDLORDS
LANDLORD/TENANT LAW 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.
• 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
N O R T H VA N CO U V E R / V I C TO R I A
2024 ANNUAL RESOURCE GUIDE | 3
2024 ANNUAL RESOURCE GUIDE 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.
CEO’S MESSAGE David Hutniak, CEO, LandlordBC
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!
National Apartment Group British Columbia
CBRE LIMITED, REAL ESTATE BROKERAGE CO SO MII ON NG
Multi-Family Specialists 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.
CO SO MII ON NG
22 Suite Rental Apartment Building
The Summerland Motel & The Sunoka Apts
Trinity Apartments
NANAIMO, BC
SUMMERLAND, BC
NANAIMO, BC
· Priced under $200,000 per unit · Strong Rental Upside · Status: COMING SOON
· 31 suite motel, 25 suite rental building, 1.37 acre parcel of land · Located in the heart of Summerland · List Price: $10,750,000
· 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
FO RS AL E
FO RS AL E
Lance Coulson
Greg Ambrose
Executive Vice President National Apartment Group BC 604 662 5141 lance.coulson@cbre.com
Vice President National Apartment Group BC 604 662 5178 greg.ambrose@cbre.com
FO RS AL E
FO RS AL E
Corner Mixed-Use Investment Property
Abana Court Apartments
Prime Strata Retail in The Heart of Kitsilano
VANCOUVER, BC
VANCOUVER, BC
VANCOUVER, BC
· 11 Residential Suites + 3 CRU · Prominently located on Iconic Commercial Drive, the trendiest street in Vancouver · List Price: $6,495,000
· 33 Suites | Institutional Quality · Rare Kerrisdale location nearby a wide array of amenities & services on W 41st Avenue · List Price: Contact Agents for Details
· 3,159 Square Feet with 90 ft frontage on Burrard Street · Strong Pedestrian & Vehicular Traffic · List Price: $5,900,000
FO RS AL E
(20SOL 23 D )
SOJUS LD T
Personal Real Estate Corporation
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! View more listings: NationalApartmentGroupBC.ca
Mixed-Use Rental Site
Magnolia Townhomes
McKenzie Manor Apartments
NORTH VANCOUVER, BC
NANAIMO, BC
VICTORIA , 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
· 36 Unit Rental Townhome Complex · Centrally located in Nanaimo steps away from grocery-anchored retail · Status: JUST SOLD (February 2024)
· 70 Suites | Attractive Suite Mix · Adjacent to an abundance of tenant-friendly amenities and transit in thriving Victoria · Status: SOLD (November 2023)
Are you an owner of an apartment building or development site and considering selling? Curious about your property’s market value?
Contact us today for a no obligation property valuation.
This 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
4 | 2024 ANNUAL RESOURCE GUIDE
BFL CANADA Real Estate Insurance Broker 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 Stacey Wilson Vice-President, Client Executive T. 778-374-4125 swilson@bflcanada.ca
BFL CANADA Risk and Insurance Services Inc.
2024 ANNUAL RESOURCE GUIDE
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 beside their name in the various category listings. AM
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.
BENEFITS OF MEMBERSHIP
• 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
• Information Services • Education Seminars • Tenancy Forms • Trusted Trades & Suppliers • Networking Events • The Key Magazine • Government Advocacy
Vancouver 2050 Build, Broker, Buy, Insure, Roof, Plumb, Wire, Glaze and Property Manage this:
Rental Buildings. Lots of Them. Apartment Buildings | Land Assemblies Strata Dissolution | Investment Properties
Dan Schulz, PREC
Chris Winckers
dan@bcapartmentinsider.com
cwinckers@bcapartmentinsider.com
778.999.5758
778.828.9763
2024 ANNUAL RESOURCE GUIDE
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
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
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
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
ALLIED PLUMBING, HEATING & AIR CONDITIONING
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
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
COINAMATIC CANADA INC.
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
8 | 2024 ANNUAL RESOURCE GUIDE
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
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
The Home Depot
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
“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
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
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 PENDO as an advocate on behalf of your company. Their Landlords & Property Managers, say hello to Pendo! The role is to ensure residents have access to our super intuitive platform to manage your rentals. Pendo latest technologies and best in class services provides you with a simple, all-in-one place to manage your as we work towards building out the TELUS rental properties, whether you’re overseeing one property or hundreds. Love Pendo? Current LandlordBC members receive PureFibre network and copper network. *NEW* Bulk Program and Pricing for T V & Internet a 10% discount on a monthly subscription and can save Services. Benefits of Partnership include, but another 10% off an annual subscription. are not limited to the following: Visit www.pen.do/landlordbc to sign up for a 30 day free trial (no credit card needed!). • Competitive rates & discounts for contact@pen.do 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 s • Building-specific incentives • Stay in touch with the latest future friendly technologies
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
RENTCHECK CREDIT BUREAU LTD.
For more information regarding the TELUS Our 47th year in business; Canada’s leader in Applicant Inquiry Services. No annual fees. Premium Canadian- Partner Program please reach out to a dedicated TELUS Channel Manager. American Credit Reports (English/French) with free TELUS Partnered Call Centre 310-3343 authentic Rentcheck Tenancy History $13.95; Short File Sarah.Ballantyne@TELUS.com Credit Reports $8.95; also Business Credit Reports, Pavan. Sandu@TELUS.com reports on Business Principals, and more; try People Kayla.Bosch@TELUS.com 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
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: 1 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
Quick, competitive quotations Direct to owner, GC or envelope consultant
LOWER MAINLAND
604-291-6751
RetroTeck Window Mfg. Ltd.
VANCOUVER ISLAND/OKANAGAN
1-866-291-6751
Email: retrowindow@telus.net | Fax: 604-291-6750
2024 ANNUAL RESOURCE GUIDE Tenancy Agreement Served * Landlords must provide a copy of the signed agreement no later than 21
days after entering into a tenancy.
Date:
Method of Service:
Email as a Method of Service *Email may be used as a method of service in a tenancy, but the email must be provided with the express intention that it be used a method of service. This can be done on the tenancy agreement or a separate form. Date:
Form Used:
Condition Inspection (Move-In) Scheduled *Landlords must make at least two attempts to schedule a
condition inspection.
Date of Inspection by Agreement:
Communication Method:
Date of Inspection by Notice:
Method Served:
Condition Inspection (Move-In) Completed *The inspection should be completed with the tenant present but before their belongings are moved into the unit. Date of Inspection: Condition Inspection (Move-In) Served *Landlords must provide tenants with a copy of the move-in inspection no later than 7 days after the inspection is completed. Date:
Method of Service:
Rent Increases *Rent may be increased no earlier than 12 months since the rent was established or last
increased.
Date Served:
Method of Service:
Effective Date:
Date Served:
Method of Service:
Effective Date:
Date Served:
Method of Service:
Effective Date:
Date Served:
Method of Service:
Effective Date:
Date Served:
Method of Service:
Effective Date:
End of Tenancy Served/Received Date:
Form Used 2
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 Method of Service:
Effective Date:
Condition Inspection (Move Out) Scheduled *landlords must make at least two attempts to schedule a
condition inspection.
Date of Agreed Upon Inspection Date:
Communication Method:
Date of Inspection by Notice:
Method of Service:
Condition Inspection (Move-Out) Completed *The inspection should be completed with the tenant present but after their belongings are moved out of the unit. Date of Inspection: Condition Inspection (Move-Out) Served *Landlords must provide tenants with a copy of the move-out inspection no later than 15 days after the later of the date the inspection is completed, and the forwarding address is provided. Date:
Method of Service:
Forwarding Address Received
Date:
Deposits *At the end of the tenancy landlords must deal with any deposits no later than 15 days after the later of the date the tenancy ended, and the forwarding address is provided. It is important to remember that if the tenant only agrees to a partial deduction of the deposit a landlord must either return or apply to retain the remainder within the 15-day timeframe. Deposits and Interest *Landlords must determine if there is any interest owed on the security or pet deposit.
This can be done by using the RTB’s interest calculator here: http://www.housing.gov.bc.ca/rtb/WebTools/InterestOnDepositCalculator.html
Security Deposit Interest:
Pet Deposit Interest:
Returned Date:
Method of Payment:
Method of Service:
Signed Consent to Retain Date:
Form Used:
Applied Through Dispute Resolution Date of Application:
3 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
Providing the best repiping solutions means everything to us because it means everything to you.
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.
1263 Clark Drive Vancouver, BC V5L 3K6
t. 604.253.9330 f. 604.253.9340
Info@bmsgroup.ca www.bmsgroup.ca
2024 ANNUAL RESOURCE GUIDE
LANDLORDBC 2024 QUICK REFERENCE 2024 INCREASE PERCENTAGE: 3.5%
2021 $500.00: $0.00 interest owing (0% rate for 100.00% of year)
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.
2022 $500.00: $0.00 interest owing (0% rate for 100.00% of year)
Security and Pet Damage Deposits Period
Interest Rate
2024
2.7%
2023
1.95%
2009 - 2022
0.00%
2008
1.50%
2007
1.50%
2006
0.50%
2002 - 2005
0.00%
2001
3.00%
2000
2.00%
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.
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.
METHODS OF SERVICE 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
Same day
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
5 days later when the tenant does not say or show that they received it on an earlier date
Attach a copy to the door or other noticeable place at the address where the tenant lives
3 days later when the tenant does not say or show that they received it on an earlier date
Leave a copy with an adult (19 years or older) who apparently lives with the tenant (landlords should note the name of the person)
Same day
Leave a copy in a mailbox or mail slot at the address where the person lives
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 Method
It’s considered received…
Fax a copy to the contact number provided by the tenant
3 days later when the tenant does not say or show that they received it on an earlier date
Email a copy to the email address provided by the tenant.
3 days later when the tenant does not say or show that they received it on an earlier date
*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
Determined by the Residential Tenancy Branch
Slide a copy under the tenant’s door
Not considered served – this is an unacceptable method
Using text messaging or social media messaging service
Not considered served – this is an unacceptable method
RESIDENT CARETAKER MINIMUM WAGE The minimum wage for resident caretakers is a monthly wage based on the number of suites in the building. Please note that there are generally minimum wage increases effective in June of each year. LandlordBC will ensure our members are updated on the 2024 rate as soon as it is available. For a building with nine to 60 residential suites:
For a building with 61 or more residential suites:
June 1, 2021 – $912.28 per month plus $36.56 for each suite
June 1, 2021 – $3,107.42 per month
June 1, 2022 – $937.82 per month plus $37.58 for each suite
June 1, 2022 – $3,194.43 per month
June 1, 2023 – $1,002.53 per month plus $40.17 for each suite
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
CREDIT CHECKS - RENT CHECK
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.
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PREFERRED PROVIDER LEGAL PROGRAM HADDOCK & COMPANY
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.
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.
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.
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2024 ANNUAL RESOURCE GUIDE | 19
2024 ANNUAL RESOURCE GUIDE
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.
Scan this for the full CMHC Report:
CANADA OVERVIEW
HIGHLIGHTS
PURPOSE BUILT RENTAL MARKET
In most major markets across the country, strong rental demand continued to outpace supply, resulting in tighter markets and lower affordability.
Vacancy Rate
1.5%
Average Two-Bedroom Rent $1,359 UP BY
8.0%
CONDOMINIUM APARTMENT MARKET Vacancy Rate
0.9%
Average Two-Bedroom Rent
$2,049
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 CANADA’S RENTAL VACANCY RATE FELL TO A NEW LOW AS DEMAND OUTPACED SUPPLY
4.3%
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
2.4%
2.7% 2.1% 2.1% 1.4%
1.6%
2.0%
1.9% 1.5%
1.5%
Montréal
CANADA
1.4%
0.9% 0.9%
Vancouver*
Edmonton
Calgary
Toronto
October 2022
Ottawa * 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)
Calgary and Edmonton saw relatively steep declines, bringing the vacancy In 2023, Toronto, Montréal, Calgary and rate in both centres below the 3% mark. Edmonton all reported significantly This change indicates that, in Alberta’s lower vacancy rates. Vacancy rates held major markets, growth in rental demand steady in Vancouver and Ottawa. These was strong compared to growth in markets remain tight, as this stability supply in 2023, which is consistent with follows significant declines in 2022. their relatively strong demographic and In fact, Vancouver remains Canada’s Project3_Layout 1 2023-09-13 12:33 PM Page 1 employment conditions. tightest major market.
While Montréal didn’t see as large a5 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%).
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2024 ANNUAL RESOURCE GUIDE Rental Market Report
| January 2024
IMMIGRATION, EMPLOYMENT GROWTH AND INCREASED COSTS OF HOMEOWNERSHIP SUPPORTED HIGHER RENTAL DEMAND
6.2%
3.7% 2.7% 1.8%
1.7%
• increased
0.6% -0.5% Vancouver
Edmonton
Calgary
Toronto
Ottawa
Montréal
CANADA
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 in the universe. See the Methodological Appendix atpage page119 119 for more details. Source: CMHC
Toronto ($1,961). The least expensive rental AVERAGE NATIONAL RENT Vacancy rates fell in most of Canada’s larger markets markets remain concentrated in Québec, GROWTH REACHED A NEW HIGH In 2023, Toronto, Montréal, Calgary and Edmonton all reported exemplified by Montréal’s relatively low AS MAJOR RENTAL MARKETS significantly lower vacancy rates (Figure 1). Vacancy rates held in 2023, which is consistent with their relatively strong average 2-bedroom rent ($1,096) when TIGHTENED steady in Vancouver and Ottawa. These markets remain tight, demographic and employment conditions.
compared to other large centres. While Montréal didn’t see as large a decline as other major
as this stability follows significant declines in 2022. In fact, Growth in the average rent for Vancouver remains Canada’s tightest major market. markets, trends in this city tend to drive aggregate national 2-bedroom purpose-built apartments Calgary and Edmonton saw relatively steep declines, bringing trends because of its large rental market, representing 28.4% NEW TENANTS INThisVANCOUVER common to both the October 2022 the vacancy rate in both centres below the 3% mark. This of the 2023 rental universe. exceeds the2024 next 2 largest Rental Market Report | January AND TORONTO change indicates that, in Alberta’s major markets, growth shares combined (Toronto FACED at 14.6% andMUCH Vancouver at 5.5%). and October 2023 surveys (referred HIGHER RENTS to as “same-sample” rent growth) accelerated sharply to 8.0% from 5.6% Tight market conditions were also over the previous 12-month period. 6.2%Toronto reflected in high rents for turnover units including Vancouver and This is a new high, well above the 1990again in 2023, the average rents in turnover to-2022 average of3.7%2.8%. Rent 14.3% growth units exceeded rents in non-turnover exceeded units by 13%. A unit is counted as “turned 2.7% both inflation (4.7%) and 1.8% 1.7% tenant wage growth (5%), indicating a decline over” if it was occupied by a new 8.8% 8.6% 8.0% 7.9% in affordability. 0.6% in during the 12-month survey who moved 6.5% 6.4% 6.0% 5.7% 5.6% 5.4% period. 4.8% This difference varied across Most markets reported higher rent growth, -0.5% 4.0% regions, with Calgary (9%), Edmonton consistent with the observed decline in 1.6% Vancouver Edmonton Calgary Toronto Ottawa CANADA (3%) and MontréalMontréal (10%) reporting much vacancy rates. Not surprisingly, Calgary and Change in the survey universe of privately initiated purpose-built rental apartment universegaps between October Vancouver 2022 and October 2023. Ottawa Montréal Toronto Edmonton Vancouver Calgary lower than (27%), CANADA Toronto Edmonton saw the sharpest into the removal of some dwellings and impact the overall change in the universe. Note: Revisions to the Rental Market Surveyacceleration (RMS) universe may lead See the Methodological Appendix atpage page119 119 for more details. (31%), and Ottawa (21%). October 2022 October 2023 rent Source: growth among the largest markets. CMHC Several factors can explain the higher “CANADA” includes all centres at least 10,000also inhabitants. Toronto, Montréal, and with Vancouver saw Source: CMHC; Rent growth in 2023 measured for 2-bedroom units in privately initiated apartment of three more units common “turnover” rent structures and how it or compares to the rent togrowth accelerate. While Vancouver’s both the 2022 and 2023 surveys Vacancy rates fell in most of Canada’s larger markets non-turnover rent. Once a unit turns over, vacancy rate held steady, it still posts one of In 2023, Toronto, Montréal, Calgary and Edmonton all reported it becomes subject to market demand. In the lowest lower ratesvacancy in Canada. significantly rates (Figure 1). Vacancy rates held in 2023, which is consistent with their relatively strong markets and where supply is not keeping up with employment conditions. steady in Vancouver and Ottawa. These markets remain tight, demographic 6 In asterms of rent levels, Vancouver remains this stability follows significant declines in 2022. In fact, demand, increase While Montréal rents didn’t seecan as large a decline as significantly other major Vancouver remains Canada’s tightest major market. the most expensive rental market ($2,181 markets, in this city tend toover. drive aggregate national whentrends a unit is turned Another source Calgary andmonthly Edmonton saw relatively bringing trends because of its large rental market, representing 28.4% average rent forsteep a declines, 2-bedroom of rent pressure on turnover units is the vacancy rate in both centres below the 3% mark. This of the 2023 rental universe. This exceeds the next 2 largest purpose-built apartment), followed by renovations andatrepairs. change indicates that, in Alberta’s major markets, growth shares combined (Toronto 14.6% and Vancouver at 5.5%).
including Vancouver and Toronto 14.3%
8.8%
8.6% 6.4%
5.7%
8.0%
7.9%
6.5%
6.0%
4.8%
5.4%
5.6%
Edmonton
Calgary
Toronto
October 2022
Ottawa
Montréal
CANADA
October 2023
“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
22 | 2024 ANNUAL RESOURCE GUIDE
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
• a higher overall tendency to rent due to the low homeownership.
affordability
of
Demographic developments favoured demand, and had uneven regional impacts. The grow th rate of the population aged 15 to 24 (a basin of potential new renters) accelerated in 2023, following weak grow th in 2022. In fact, the 15-to-24 age group saw higher grow th than other age groups in 2023 in most provinces. Alber ta saw par ticularly strong grow th in this age group, which was more than t wice the national average. The Alber ta case likely reflects high net inflows of working-age interprovincial migrants to the province. In 2022, Alber ta 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. 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
4.0%
1.6% Vancouver
Strong rental demand was supported by:
6
2024 ANNUAL RESOURCE GUIDE
15-to-24-year-olds, which was likely a factor driving demand in Toronto and Montréal.
RENTAL CONDOMINIUM APARTMENT MARKETS ALSO TIGHTENED
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.
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).
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.
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.
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2024 ANNUAL RESOURCE GUIDE | 23
2024 ANNUAL RESOURCE GUIDE
VANCOUVER Braden Batch, Senior Specialist
PURPOSE BUILT RENTAL MARKET Vacancy Rate
0.9%
Average Two-Bedroom Rent $2,181 UP BY
The total vacancy rate was unchanged at 0.9%. Rental demand was driven by record immigration and decreases in homeownership affordability.
8.6%
The purpose-built rental universe grew by 2.7%, mainly from new developments in the cities of Vancouver and Surrey.
CONDOMINIUM APARTMENT MARKET Vacancy Rate
0.9%
HIGHLIGHTS
Average Two-Bedroom Rent
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.
$2,580 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
Rising mortgage costs and high apartment-condominium prices discouraged potential homebuyers
they didn’t decrease enough to offset increases to homeownership costs from mortgage payments and rising strata maintenance fees.
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 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
2024 ANNUAL RESOURCE GUIDE
immigration 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
Figure 1
Costs between owning and renting an apartment continues to widen as ownership costs grow
$4,500
$4,004.09
$4,000 $3,500 $3,000 $2,500
$2,212.74
$2,000 $1,488.15
$1,500 $1,000
$1,050.30
$500 $0 2012
2013
2014
2015 Bachelor
2016
2017 1 Bed
2018
2019
2 Bed
2020
2021
2022
2023
3+ Bed es and average prices
for condominiums sold in each year. Source: CMHC, GVREB, FVREB, Ratehub
Purpose-built universe continued to expand, but at a slightly high. While prices wereslower slightlypace lower in 2023, they didn’t decrease enough to offset increases to5-year homeownership costs but still above the trailing average (Table 1.1.3). Most of the increase in the payments universe was seen 1-bedroom units from mortgage andinrising strata as new developments in the City of Vancouver and Surrey maintenance fees. such as Southeast Vancouver, the were completed. Areas Tri-Cities, and Surrey are expected to see the largest growth
The monthly mortgage payment of a typical 2-bedroom condominium 2023 was While most zones saw an increase sold in the in rental universe, there were a few exceptions, notably in North Burnaby and 7.3% higher than the same payment for the Tri-Cities. The universe decreases in these zones are likely a sold in 2022. The cost gap between dueunit to apartments being reclassified as social and affordable homes, or their demolition for a new project. choosing to stay in a condominium on the rental market and choosing to own a similar unit continued to grow.
Rent growth continued to accelerate
PURPOSE-BUILT UNIVERSE affordability CONTINUED TO EXPAND, BUT Increases in same-sample rents continued to accelerate in 2023, AT Aaverage SLIGHTLY SLOWER as the increase across all bedroomPACE types reached 9.7%, up from 6.3% in 2022 (Table 1.1.5). Vancouver falls under the
The purpose-built rental apartment universe provincially legislated rent increase limit of 2%, which holds the rents the vast majority units below levels. grew byof3,144 units, orof2.7%. This market growth The larger increase in same-sample rent reflects the increased was slightly lower than that seen in 2022, but rental demand that the Vancouver CMA is facing. still above the continues trailing to 5-year average. Most As rental demand increase, renters with lower incomes will face greater pressure as rentswas outpace theirin wage of the increase in the universe seen growth. In 2023, a minimum-wage worker renting at the average 1-bedroom units as new developments in the bachelor unit rent would see over 50% of their monthly income go towards rent. entering the market or City of Vancouver andThose Surrey were completed. Areas such as Southeast Vancouver, the Tri-Cities, and Surrey are expected to see the 12
650 , 18,500
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2024 ANNUAL RESOURCE GUIDE | 25
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 2024 ANNUAL RESOURCE GUIDE market prices, decreasing turnover rates lead to smaller total increases in revenue for rental owners. Given recent cost
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.
Figure 2
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.
Components of change in supply of rental condominium apartments, Vancouver CMA
12,000 10,000 8,000
6,329
6,000 4,000
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
2,000 0 -2,000 -4,000 2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Net change in supply of rental units
Number of existing units converted to rental Number of newly added units rented in same year Source: CMHC
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.
As rental demand continues to increase, renters with lower incomes will face greater pressure as rents outpace 13 their wage growth. In 2023, a minimum-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
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2024 ANNUAL RESOURCE GUIDE 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.
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
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
Demand 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.
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VICTORIA
2024 ANNUAL RESOURCE GUIDE
Braden Batch, Senior Specialist
PURPOSE BUILT RENTAL MARKET
HIGHLIGHTS
Vacancy Rate
The vacancy rate increased slightly to 1.6%, but remained low as renters absorbed most of the new supply.
1.6%
Average Two-Bedroom Rent $1,839 UP BY
7.9%
CONDOMINIUM APARTMENT MARKET Vacancy Rate
0.1%
Average Two-Bedroom Rent
$**
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
Rental Market Report
• 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.
Full-time employment grew sharply as net migration hit record levels
60,000
190
50,000
185 180
40,000
175
30,000
170
20,000
165 160
10,000
155
0
150
-10,000 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 145 Net international migration (LHS)
Victoria CMA full-time employment, 3-month moving average (thousands) (RHS)
Net interprovincial migration (LHS)
Source: Statistics Canada Tables: 14-10-0378-01, 17-10-0020-01, 17-10-0040-01
Purpose-built universe continues Rental Market Report rental | January 2024 to expand quickly to meet
RENTS CONTINUED TO INCREASE RAPIDLY PURPOSE-BUILT UNIVERSE The purpose-built apartment universe grew by 4.9% in 2023, Figure 1 Full-time employment grew sharply as net migration hit record levels aTHROUGHOUT pace similar to last year’s THE growth REGION (Table 3.1.1). This supply CONTINUES TO EXPAND growth continues to be well above the PRESSURES trailing 10-year average DRIVEN BY DEMAND QUICKLY TO MEET RENTAL 190 60,000 of 2.6%, as significantSUPPLY shifts in Victoria’s rental supply began EXCEEDING MARKET DEMANDS 185 50,000 180 Rents continued to increase at an elevated, Persons (000s)
Persons
The purpose-built apartment universe grew 40,000 by 4.9% in 2023, a pace similar to last year’s 30,000 growth. This supply growth continues to be 20,000 well above the trailing 10-year average of 10,000 2.6%, as significant shifts in Victoria’s rental 0 supply began in 2017.
Persons (000s)
The 2 largest sectors by employment in the Victoria CMA saw significant growth in employment over the past year. These sectors grew by:
Figure 1
Persons
has risen from recent lows, the overall unemployment rate remains near pre-COVID lows.2
| January 2024
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.
but slightly slower pace than 2022.175Rents 170 within the City of Victoria continued to Figure 2 Rental supply in Langford and165 Esquimalt is likely to expand quickly in the next 2 years increase more quickly than those outside 160 the City, as demand for rentals near the Victoria CMA 155 urban centre stayed strong. 150 Zone 10 - Sidney
ZoneQ1 9 put - 2023 North 2022 Q3 2022 Q4 2023 Q2Saanich 2023 Q3 145 on -10,000 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 Increasing rents pressure In the City of Victoria itself, the universe Zone 8for - Oak lower-income Bay affordability, especially international to migration (LHS) higher Victoria CMA full-time employment, grew by 4.9%,Net compared a slightly Zone 7 - average Langford/Vw Royal/Colwood/Sooke 3-month moving (thousands) (RHS) worker renting at earners. A minimum-wage Net interprovincial migration (LHS) 5.0% in the rest of the CMA. Outside of the Zone 6 - Esquimalt the average rate would have to spend over city, growth high17-10-0020-01, in the area Source: Statistics was Canadaespecially Tables: 14-10-0378-01, 17-10-0040-01 Zone 5 - Saanich/Central Saanich 40% of their monthly income to rent. Those stretching from Langford to Sooke. New City of Victoria (Zones 1-4) seeking new accommodations are likely to developments in Langford, especially, are Zone 4 - Remainder of City rents in the itself, market that are higher than Inface the City of Victoria the universe grew by 4.9%, Purpose-built universe continues driving the rental universe growth in the Zone 3 - James Bay Area compared to a slightly higher 5.0% in the rest of the CMA. average, constraining renter budgets even to expand quickly to meet rental region, as the city is relatively affordable and Zone 2 - Fort St. Area Outside of the city, growth was especially high in the area more. For those seeking lower-cost units, 1 - Cook St. Area development policy is attractive. stretching from LangfordZone to Sooke. New developments in only 0.9% of thearecheapest 2-bedroom to high 0% growth 5% 10% more 15% quickly 20% due 25% primarily 30% 35% 40% rental 45% The purpose-built apartment universe grew by 4.9% in 2023, Langford, especially, driving the 25% rentalof universe Langford Esquimalt are 3.1.1). expected to apartment units under construction as a share of current universe size a pace similar and to last year’s growth (Table This supply apartments in the CMA were vacant inRental 2023. demand. When long-tenured units turn over, growth continues be well universe above the trailing 10-year expand their torental quickly inaverage the policy is attractive. Source: CMHC their rents increase to better reflect market Despite the provincially legislated allowable of 2.6%, as12 significant shifts in Victoria’s rental began coming to 24 months based on thesupply number Langford and Esquimalt are expected to expand their rental pricing. Units that experienced turnover in rent increase of coming 2% in122023, rents increased universe quickly in the to 24 months based on the of rental units currently under construction. 19 2023 were 41.5% more expensive than units number of rental units currently under construction. that didn’t turn over in the CMA.
Figure 2
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.
Rental supply in Langford and Esquimalt is likely to expand quickly in the next 2 years Victoria CMA Zone 10 - Sidney Zone 9 - North Saanich Zone 8 - Oak Bay
Zone 7 - Langford/Vw Royal/Colwood/Sooke Zone 6 - Esquimalt Zone 5 - Saanich/Central Saanich City of Victoria (Zones 1-4) Zone 4 - Remainder of City Zone 3 - James Bay Area Zone 2 - Fort St. Area Zone 1 - Cook St. Area 0%
5% 10% 15% 20% 25% 30% 35% 40% 45% Rental apartment units under construction as a share of current universe size
Source: CMHC
19
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 RECOMMENDED TRADES AND SUPPLIERS - MAINLAND 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
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
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
INTERCOM REPAIRS & INSTALLATION Vandelta Communication Systems Ltd.(VDC) Christopher Rae (604) 732-8686 vandelta.com
PEOPLE SEARCH RentCheck Credit Bureau Brenda Maxwell (800) 661-7312 rentcheckcorp.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
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
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.
30 | 2024 ANNUAL RESOURCE GUIDE
2024 RECOMMENDED TRADES AND SUPPLIERS - MAINLAND GWL Realty Advisors Residential Inc. Michele Caley (587) 412-5583 gwlraresidential.com
Cogir Management Corporation Kevin Anderson (905) 434-2433 cogir.net
Holywell Properties Adam Major (604) 885-3460 holywell.ca Advent Real Estate Services Ltd. Michelle Farina (604) 736-6478 rentwithadvent.com
Copper Ridge Court Vera Lloyd (250) 372-0829
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
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
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
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
L Bennett Consultants Lolly Bennett (604) 307-3080
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
Lougheed Enterprises Ltd. Andrew Statham (604) 980-0067 Macdonald Commercial Real Estate Services Ltd. Tony Letvinchuk (604) 736-5611 macdonaldcommercial.com
GMC Projects Inc. David Milne (604) 717-4477 gmcprojects.com Greater Vancouver Tenant & Property Management Ltd. Keaton Bessey (604) 398-4047 gvantpm.com Green Door Property Management Ltd. Jayde Cooke (250) 345-2133 gdpm.ca Gulf Pacific Property Management Ltd. Terry Roberts (604) 990-1500 gulfpacific.ca
Laurie Petura Laurie Petura (250) 495-3873 LauriePetura.ca Locarno Riley Mari (604) 366-4111 Lookout Housing & Health Society Lorissa Demoskoff (604) 620-0110
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
2024 RECOMMENDED TRADES AND SUPPLIERS - MAINLAND 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,VPMGroupRE/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
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
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• Sewer Repairs & Drain Cleaning
604 734 0890
info@lambertplumbing.ca
www.lambertplumbing.ca
Gas Certified LGA0003309
32 | 2024 ANNUAL RESOURCE GUIDE
• 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
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
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
PRINTING Citywide Printing Ltd. Gordon Li (604) 254-7187 citywideprint.com
Cornerstone Properties Ltd. Jason Middleton (250) 475-2005 cornerstoneproperties.bc.ca
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
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
2024 RECOMMENDED TRADES AND SUPPLIERS - VANCOUVER ISLAND 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
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
M
Y
Steve Nguyen Personal Real Estate Corporation Steve Nguyen (250) 813-3314
RE/MAX City Realty Gibsons Jason Ruck (604) 682-3074 coastrentals.ca
Strand Development Kris Loncar (778) 386-0522
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
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
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
Porte Realty Ltd. Ryan Singleton (604) 732-7651 porte.ca
C
Raven Property Management Ltd. George Holmes (250) 881-8866
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
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
Canadian Owned & Operated Property Services
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34 | 2024 ANNUAL RESOURCE GUIDE
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
NEW
NEW
Image source: Google Maps
Gow Block
2-tower Oakridge development site
Kits Point waterfront dev site
3589 Commercial Street, Vancouver
5409–5489 Manson Street, Vancouver
1000 Cypress Street, Vancouver
Mixed-use 6-unit heritage building in the Cedar
42,243 SF corner lot. Build up to 18 storeys. $150–
14,256 SF Kits Point DP-approved waterfront
Cottage neighbourhood. Completely rebuilt in 2010.
$172/SF buildable depending on achievable FSR.
development site with direct beach access.
List $4,800,000 (3.7% cap)
List $39,900,000
List $15,500,000
UNDER CONTRACT
UNDER CONTRACT
UNDER CONTRACT
Bethany Estate
Wilby Residences
Vancouver C-2 zoned warehouse
3940 Pender Street, Burnaby
1909 Charles Street, Vancouver
57 Lakewood Drive, Vancouver
41 suites in Burnaby Heights – major renovation
Completely rebuilt 9-unit 4-storey building.
C-2 zoned warehouse / development site.
completed. Large 26,474 SF lot.
Seniors housing investment opportunity.
24,142 SF corner lot. Build up to 3.0 FSR.
List $11,790,000
List $3,850,000
List $12,700,000
SOLD
SOLD
SOLD
Premiere
Park Beach Manor
Glacier Apartments
408 E Columbia Street, New Westminster
1925 Nelson Street, Vancouver
7080 Glacier Street, Powell River
Brand-new fully-leased 72-unit market rental –
21-suite apartment building in West End – west of
59 suites on massive 1.54-acre site with breathtaking
5.4% cap rate. Steps to Royal Columbian Hospital.
Denman neighbourhood. 350 metres to English Bay.
water views. Westview neighbourhood
List $31,000,000
List $8,200,000
Sold $6,250,000
Mark Goodman Personal Real Estate Corporation
Direct 604 714 4790 mark@goodmanreport.com
Ian Brackett Direct 604 714 4778 ian@goodmanreport.com
Sign up to get exclusive reliable rental housing intelligence www.goodmanreport.com
Goodman Commercial Inc. Office: 604 558 5511 560–2608 Granville Street Vancouver, BC V6H 3V3
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.