Lorraine Penfound

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As of December 11, 2017 British Columbia has announce changes to the current Tenancy Act. I have attached the changes to the act at the bottom of this blog, but here are some of the highlights to keep you informed!

 

Vacate clauses will no longer be allowed in fixed term tenanct agreements....

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New OSFI Stress Test Set to Limit National Home Price Appreciation to 4.9% in 2018

  •  Impact of new stress test expected to be contained to first half of 2018 for most major markets
  • Still risk of high price appreciation in Greater Toronto Area and Greater Vancouver as chance of market correction fades...
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