Resources for Owners | Royal Pacific Realty

New powers for strata corporations to fine owners of short-term rentals

Aug 29, 2018 | Advice from Our Experts, Latest News, Resources for Owners

Strata corporations will have new powers to pass bylaws restricting or banning short-term rentals and fine non-compliant owners or residents up to $1,000 a day because of changes to the BC Strata Property Regulation. The goal is to help strata corporations deal with...

Landlords – share your ideas on rental housing in BC by July 6

Jul 3, 2018 | Advice from Our Experts, Latest News, Resources for Owners

If you provide rental housing – from a secondary suite to a laneway home to a duplex, a fourplex or an entire apartment building, the province wants to hear from you. The BC Premier has appointed a Rental Housing Task Force which is consulting with both...

Property taxes – what you need to know

Jun 27, 2018 | Advice from Our Experts, Latest News, Resources for Owners

Property tax notices were sent to home owners and businesses in June and are due the first or second business day in July, depending on the municipality. No tax notice? Property owners who didn’t receive a tax notice should contact their municipal finance department...

The new speculation tax. Who pays it?

Mar 12, 2018 | Advice from Our Experts, Latest News, Resources for Owners

In the February 28, 2018 Provincial Budget, the BC government announced it would introduce legislation to impose an annual speculation tax effective for the 2018 tax year. The speculation tax targets foreign and domestic speculators in BC – homeowners with...

Greater Vancouver property assessments mixed

Jan 3, 2018 | Advice from Our Experts, Latest News, Resources for Owners

Property owners will receive their 2018 assessment notices this week. The 2018 Assessment Notice is BC Assessment’s (BCA’s) estimate of a property’s value as of July 1, 2017, and for new construction or substantially renovated homes, the physical condition as of...

What’s a home sale worth to the economy?

Sep 1, 2017 | Latest News, Market News & Statistics, Resources for Buyers, Resources for Owners, Resources for Sellers

The real estate industry is a key economic driver in British Columbia Each time a home changes hands, the transaction generates significant spin-offs, creates jobs and keeps our communities growing. In 2016, 39,943 homes changed ownership in the Board’s area,...