Today we are back in the studio and discussing the effects of the most recent and very controversial 2% annual rental increase allowance that was passed.
This was an increase that was long awaited to see what the government was going to mandate for landlords to be able to increase rent. People were really waiting to see how much increase was going to be allowed or if they were going to continue a rental increase freeze. Of course they chose to increase minimally at a flat 2% and people on both sides of the fence were of course unhappy, we believe for obvious reasons...
We also dive into the realities of the increase and how in the long run by making investment in rental properties less lucrative, will inevitably dilute the rental stock in the city & in turn will make rentals more expensive organically.
Thank you for your attention, we would love to hear your thoughts on the above topic and what direction you believe things will go from here. Both regarding the rental market & if you simply agree or disagree with our points of view on the topic.
Thanks again and see you next week!
-- --
Jay McInnes
604-771-4606
jay@sharprealestategroup.ca
Ben Robinson
604--353-8523
ben@sharprealestategroup.ca
✅⬇️✅ FOLLOW US ONLINE HERE✅⬇️✅
Youtube - http://www.YouTube.com/mcinnesmarketing
Website - http://www.SharpRealEstateGroup.ca
Facebook - https://www.facebook.com/mcinnesmarke...
Instagram - https://www.instagram.com/iamjaymcinnes
Instagram - https://www.instagram.com/realbenjami...
Linkedin - https://www.linkedin.com/in/jaymcinnes/
Podcast - https://itunes.apple.com/ca/podcast/v...
#vancouverrealestate #vancouverrealestatepodcast #vancouverrealtor #vancouverrealestateupdate
