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January 2014

Found 6 blog entries for January 2014.

The B.C. Residential Tenancy Branch (RTB) has set 2014’s maximum allowable rent increase on conventional residential tenancies at 2.2 per cent. Determined annually by the RTB, this figure applies to rent increases that take effect in 2014. Landlords planning to raise rent must give tenants three months’ notice using the RTB’s Notice of Rent Increase Form. By comparison, the allowable rent increases in B.C. were 3.8 per cent in 2013 and 4.3 per cent in 2012. Landlords wishing for a larger increase can apply to do so through the Residential Tenancy Branch, but must provide the RTB with a valid reason for the intended increase, such as having performed significant renovations on the property. Tenants take note: landlords in B.C. cannot retroactively apply…
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We've just received this photo of the exact school we built with our Change Heroes partners last year in Ngosuani, Kenya. All that's left to be done is some landscaping out front of the school. Over the coming months, local workers and Free The Children volunteers will continue to work on the school and prepare for the first day of class! It’s easy, find out how you can help too at: www.ChangeHeroes.com school]                        
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Most BC property owners will have received their new updated BCAA Property Valuation and most will notice another decrease from the last year. This notice reflects the value effective last July 1, 2013 and is already 6 months out of date when you receive it. Of course the assessor is generally unaware and your notice does not account for any significant improvements, additions (without permit), mechanical, structural or other problems or deferred maintenance (i.e. leaky roof. Strata issues including Special Assessments (arising with increasing frequency from now legislated depreciation reports) are also not typically accounted for. If you have not received or are curious about the assessed value of any BC property simply go to e-valueBC. For a real time…
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Our Victoria Real Estate market experienced a stronger and more positive 2013 compared to 2012 with increased sales and decreased supply of listings, continuing to head towards a more balanced market, however, still in a Buyer’s marker with an oversupply of listings in most property types, areas and price ranges. Based on the economic forecasts, current trends and my best guess, I expect to see our market stabilize in 2014 with supply continuing to fall relative to the past couple years and sales continuing to pick up. The media talk of a housing bubble may be real but not for us, we’ve already had our correction over the past few years while other markets, particularly high end Vancouver and many areas outside of BC have continued to experience rising…
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