Spruce Up your home before you put it on the market
  
Renovating_on_a_Budget
Whether you're planning a small update to a room in your home or a complete overhaul, here are some great tips to help you stick to your Budget
PDF Attached - Free Article to download
Historically Low Rates
Historically Low Rates
Have you reviewed your mortgage and/or other debts you may be carrying lately? If not, there has never been a better time to do so.
5 Year Fixed Rates and Variable Rates have never been lower than they are today.
Here's a basic example:
A Mortgage of $500,000.00, amortized over 25 years at 3.50% = $2,500.00/month
The same mortgage today, at 2.50% only requires a payment of $2,240.00/month.
A savings of $260.00/month.
Add to that, refinancing any credit card debt at 20% or more and the monthly interest savings could be amazing.
If you'd like to review your mortgage (and other consumer debts) to see if this makes sense in your situation, I'm happy to do the math for you. There is no cost or obligation and you may be pleasantly surprised by the outcome. (OAC)
Call, Text or Email me today and let me help you keep more of your hard earned cash.
Phone/Text: 778.233.2377
Email: aleem@themortgagespecialist.com
B.C. Tenant Protection Change
The B.C. government has partially lifted a ban on residential rental evictions, but is maintaining the moratorium on rent increases and evictions for non-payment of rent.
B.C. has also extended a rental relief program that provides $300 to $500 per month in rental supplements, paid directly to landlords, until the end of August.
The province says that between April 9 and June 15, BC Housing received more than 90,000 applications for the temporary rent supplement, with nearly 82,500 eligible applications confirmed.
According to surveys by Goodman Commercial Inc. and CBRE, about 97 per cent of residential tenants paid the rent in April, May and June.
The following tenancy laws came into effect July 2:
A landlord can now issue a Notice to End Tenancy for any reason (other than unpaid or late payment rent). Landlords with existing orders for eviction can now take them to the courts for enforcement and can enforce a writ order effective immediately. Landlords can enter a rental suite with 24-hour notice and do not need the tenant’s consent. They are expected to follow health guidelines like physical distancing, cleaning and wearing masks when appropriate.
The change also allows for personal service of documents to resume, rather than via email.
Landlords’ ability to restrict access to common spaces for COVID-19 related health reasons remains.
A tenant who has not paid rent could face eviction once the state of emergency is over.
For details on these changes, Click Here.
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