📢 Breaking News in BC Real Estate! 📢🏡 Notice for tenants is changing to a Four Month Notice 🗓️

📢 Breaking News in BC Real Estate! 📢
🏡 Starting July 18, the Two Month Notice for tenants is changing to a Four Month Notice 🗓️
🚨 New Regulations Alert 🚨:
- Mandatory Use of a New Web Portal to register and track all eviction notices 📋💻
- If someone is moving INTO a tenanted property, they MUST live there for at least 12 months 🏠
🔑 For Tenants:
- More time to find a home when served notice ⏳
- Double compensation for bad faith evictions 💰💰
⚖️ For Landlords:
- Drastically alters their ability to sell a home, obtain a mortgage, or even maintain an appraisal value from the accepted offer date to the closing date 📉🏦
🤔 What Do You Think? 🤔:
- Pros: Helps tenants have more time to find a home, provides an online portal for dispute resolution and evictions 🏠💬
- Cons: Could dramatically lower property values, affect saleability, and prevent sellers from porting their mortgage ❌💸
👇 Share Your Thoughts in the Comments Below*👇:
If you're a landlord considering selling YOUR rental property in BC, please shoot me a DM! 📩 I'd love to help answer any of your questions 😊🔑
To maximize traffic to your Instagram post about the rental controversy, here are some of the best hashtags to use as a realtor in July 2024:
#vancouver #bc #surrey #langley #cloverdale #clayton #rental #landlord #realtor #realestate