IMF chief says pandemic will unleash the worst recession since the Great Depression.
Even Canadian real estate markets are showing signs of a downturn.
Are you keeping your social distances out at all those open houses?
1.7K Comments
Forced Selling May Be Headed For Canada’s Housing Market
https://www.huffingtonpost.ca/entry/home-sales-coronavirus-crisis_ca_5ea08222c5b69150246c77e4
Overpriced, highly overpriced…
RE/MAX Rossetti Realty has listed the property at 4395 Rice Lake Road — next to Lynn Canyon, near the 30 Foot Pool — for $799,000.
https://dailyhive.com/vancouver/4395-rice-lake-road-north-vancouver-fred-varley?auto=true
BCNDP delaying the land transparency registry access to public until after the election.
BCNDP election call 11 months or sooner away.
BCNDP hasn’t charged anyone from the Christy C years. Hahaha
BCNDP and other levels of government handing out money to everyone. Except renters. Their money goes directly to landlords. Hahaha
But vote BCNdP!!
You are correct.
Different flavours of vanilla ice cream.
I’m not sure he goes early with an election, but it’s not going to happen this calendar year. Maybe this time next Spring. I could see the budget and scope of government being a major issue by then. I can’t see John not getting a majority. People like the Milf Doctor (new Health Minister) and the hand puppet guy… they’re probably both candidates next year. If the Liberals are smart, they lock Wilkinson in a North Van care home and hope nature does it’s thing.
I change my mind… ya it’s within 11-12 months. John would be crazy to wait 18 months. Right now, nobody is going to hold the downturn against him. In 18 months, the people without jobs and those just getting by are going to need scapegoat. He’s going to have to keep in front of that. Hell, I’d probably go in October before we potentially get a second wave and after we’ve had a nice summer with things a little normal. In 18 months, I could see the mood very quickly becoming one of change.
Nobody is going to call an election early unless there is a Chinese Wuhan Virus vaccine which is unlikely for at least a year. That would put the election at the 18 months at best.
Another 4.4 million unemployment claims the the US the past week bringing the total job losses to 26.5M, unemployment rate estimated at 20%.
Only 1 day on the market, 2276 E 52ND AVENUE was quickly dumped today for whatever they could get which ended up being 1.245M.
11% below assessed of 1.393, highest assessment was 1.721 in 2017.
Could be many reasons. Until all sales are a similar percentage away from assessed, then this kind of stat does a disservice to renters.
Almost 30% off peak. Looks like East Van is catching up with the Westside.
indeed major distortions in the insurance industry, for better or worse there will probably be more government insurance in the future not less. technically the entire Canadian oil and gas industry could be disolved. I expect north america to unite on this and instead shut out OPEC and the Russians. peak oil was a bust and there’s not enough payoff in low prices.
It’s a tough call, but I think letting it die is better in the long run. The last time the OPEC and Putin gave us high oil prices, they shot themselves in the foot because North America responded with electric cars and oil fracking tech. Can’t imagine they’d make that mistake again. And if oil goes above $100 again, you’ll see an instant production spike in North America again. So I don’t see this as a security issue the way it was 10-15 years ago. But we could also set import limits and keep some of that production local for the sake of jobs and bit of security. In the short run, jobs are probably more important so I wouldn’t be against it.
These two above posts by Dave and Stagnate don’t belong here. They are too well thought out and make too much sense. Hallelujah !
ICBC has received regulatory approval to proceed with temporary measures that will make it easier for idle drivers to suspend their auto insurance
https://vancouversun.com/news/covid-19-icbc-receives-regulatory-approval-to-waive-cancelling-fees/
>>> as if they needed anyone’s approval to go ahead with this. for those anticipating that big fat discount on their upcoming renewals (as previously announced) don’t hold your breath. the whole insurance industry is on the brink of insolvency now. strata (and vacation) property owners better buckle up.
ICBC is probably doing OK because accident rates are down by half and they’re still collecting premiums. Going forward, more people are going to be working from home, at least part of their work week. This shutdown forced a lot of companies to invest in the tools needed to enable their employees to do that. What they’ll soon find is productivity hasn’t measurably changed and then they’ll ask why they need 5,000 ft2 of office space when 2,500 ft2 will do.
Because of this, traffic will permanently be lower going forward, meaning fewer accidents. Combine that with some of the recent changes and ICBC will be doing OK in a year or two.
TransLink and BC Ferries in contrast are going to incur long term revenue declines.
imho more people working from home (or not working at all) + various other recessionary factors = fewer cars = lower revenue
ICBC may not be affected to the same degree as Translink and BC Ferries but will take a hit for sure. the last I checked the dumpster fire was still roaring away…
all western govts and the various entities they run are effectively insolvent now. BC is no exception. taxes will be skyrocketing in the coming years
The governments of BC and Canada are in one of the best financial positions in the entire world. We have a huge amount of fiscal capacity to take on debt and the cost of that debt right now is nothing. Both levels of government need to run deficits of say 10% for the next five years and build long lasting infrastructure. In fact, I would advise the government to buy condos. Use some for social housing and some to generate income, which will cover the cost of debt (meaning it’s revenue positive).
They did buy condos. Justin offered to buy a share in peoples’ mortgages, remember?
So now they are losing money on that as well.
If I was the Province, I’d buy condos the minute we hit 20k inventory and hold that line.
having the govt intervene in the RE market is just one more reason to avoid it altogether. when all is said and done no one will want to do business with BCNDP
Why discriminate? I’d sell a condo to anybody. If you want to buy an entire building of presales, I’d even be your best friend.
that’s complete nonsense. Cdn household debt/GDP likely highest in the world prior to this $hitstorm commencing. prov and fed govt’s didnt get fiscal houses in order when they had the chance to. once this sideshow has largely concluded, there will be major cuts coming across the board
my insurance is coming up for renewal in Aug. let’s see if my premiums drop by a hundred or two like they said a number of months ago. ain’t happening imho… if anything, the opposite will happen
someone has to pay the bill for this $hitshow
I renewed today, no changes to my policy. 4.5% increase.
ICBC somehow couldn’t make money when all facets of the economy, including both the legit and the sketchy, were on fire. to suggest they’ll get on track in a yr or two under Eby’s leadership when the economy is headed down the crapper is nonsensical
Look at the roads right now. 50% drop in traffic. I bet 5% drop in vehicles insured. Both those numbers will pick up but miles driven per vehicle insured is going to drop. And the last time I checked, ICBC still has a monopoly. You’d have to be completely incompetent not to make a profit in this situation. I think Eby’s a sharp guy so I bet they’re doing OK in a couple years.
“You’d have to be completely incompetent not to make a profit in this situation…”
>>> you just watch. somehow they’ll manage to eff this up and will blame the loss on extraordinary circumstances due to COVID-19. a prudent manager would have axed the many 100’s of clerks who sit around and do nothing all day all while banking 100k+/yr but that’s never gonna happen. and my premiums dropping by a material amount? that’s never gonna happen either…
“Both those numbers will pick up but miles driven per vehicle insured is going to drop…” >>> you can’t have it both ways. if # drivers picks back up, so will the accident rate. one could even make a solid case that having fewer cars on the road actually increases the likelihood people will cause more accidents because of increased speeds. if people end up keeping their vehicles but work from home, yes, the mileage likely drops but the premiums paid will also be adjusted down since car isn’t used to drive to/from work anymore. there will also be many who may reconsider having multiple vehicles per household if there is no longer the need to drive to work. it seems pretty obvious to me we are entering a severe economic downturn, so people whether by choice or necessity will… Read more »
Like I said, probably 50% drop in miles but only 5% in insurance. The miles will pick up again, but be under where we were before. Let’s say 20-30% short to medium run (meaning next 5 years) drop per car, but only a 10% drop in total cars insured. So you revenue drops about 10%, but your costs drop by much more. This isn’t speculation either. Watch what is being reported in other jurisdictions. Insurers are giving money back in the States because of this. You can be 100% sure, they’re keeping some of that $$ for themselves before giving it back. The selfish interest is they don’t want people shopping around so you give a bit back to keep em hooked. But up here, ICBC has a monopoly. Those savings will shore up their balance sheet before we see… Read more »
“Canada’s housing market may soon face a bigger problem than just social distancing”, Financial Post
“Capital Economics believes that mass unemployment and the tourism shutdown will force some owners, especially investors in the short-term rental market, to sell in the months to come. “These sellers will inevitably have to accept lower bids from the few people willing to buy in the current environment,” wrote Brown.”
because of mortgage deferrals, the big purge will likely not happen until next year
without a doubt, the powers that be will be watching closely and potentially setting up one more kick of the can. by taking all these unprecedented measures over the last several weeks, they have only added floors to an already wobbly house of cards
giving an addict more crack time and time again will eventually end badly.
thanks for the advice everyone, I will see how it goes. Hopefully landlord will listen to reason. Strata still no response.
Chinese doctors in Wuhan, where the virus first emerged in December, say there are a growing number of cases in which people recover from the virus, but continue to test positive without showing symptoms, some up to 70 days later
https://www.reuters.com/article/us-health-coronavirus-china-patients-ins/recovered-almost-chinas-early-patients-unable-to-shed-coronavirus-idUSKCN2240HI
US university stops using Chinese testing kits after some found to be contaminated
https://www.scmp.com/news/world/united-states-canada/article/3080786/coronavirus-us-university-stops-using-chinese
“…a Seattle importer used a business associate in China, who had a connection to a doctor in the province hardest hit by the disease, to secure testing kits from a Shanghai factory and then have them flown stateside as soon as possible…”
B.C.’s lawyers say they’re concerned that a growing backlog of cases caused by the shutdown of all but emergency court hearings, could result in hundreds of cases thrown out
https://globalnews.ca/video/6856583/b-c-lawyers-worry-about-growing-backlog-with-courts-virtually-shut-down/
Ahhh poor lawyers and their BS lawsuits are going to get tossed. Way too many idiots tying up our Courts with BS. Our ridiculous Judges entertain these shenanigans and real justice doesn’t get done. The Bacons still haven’t gone through the system and the crime is now 13 years past. They should put every case on hold and focus on getting that one done first.
I’ve had first and experience with the court system and it’s all just a game to the participants. It’s almost like a make-work project for the lawyers and there is not really any “justice” ever delivered. It’s no wonder people deride lawyers so much.
So the cases of Zhang vs. Feng, Wu vs. Xue and Chang vs. Zhao might not get sorted out?
how about Paul King Jin, Miaofei Pan, Michael Ching Mo Yeung, Ethan Sun. . . . vs Province of BC?
LOL….
The problem is our court system in that judges prolong trials and then turn around and complain they don’t have enough resources. How about throw out all the BS pipeline challenges for a start?
The BC Securities Commission (BCSC) panel ordered FS Financial Strategies and six other companies under the umbrella of the “FS Group” – to pay a total of $32.8 million for making misrepresentations to hundreds of investors, illegally selling securities and unregistered trading. The panel also ordered the companies’ founders – Aik Guan “Frankie” Lim and Scott Thomas Low – to pay $2 million each, and forever banned them from B.C.’s investment markets.
https://www.richmond-news.com/news/richmond-finance-group-facing-37-million-penalty-1.24122534
Some asshole is flooding the Craigslist housing section with dozens of fake ads.
$850 for downtown condos, pets welcome.
Fucking creep should be shot.
Laibach
“They stay at home by default – homemakers, housewives, students, and realtors.”
Mind you they used to have the all important job of delivering hockey bags of cash to casinos.
Let us value the contribution they made to our society.
New
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The following is if this crisis goes on; Vancouver real estate may only crash when some other place in Canada crashes. If Alberta crashes, then I think Metro Vancouver may follow. Housing is too big to fail in Canada. Housing fails then the Globalists agenda in Canada fails. Banks, BoC, Trudeau masters will try to prevent it at all costs. So sentiment needs to change. Small developers with homes under construction (1-3 homes) have started listing the house they live in. A hedge you can say. We need a mass panic for the good of our kids. And before the kids SIDA and Projection start harping, have you ever wondered that some may be owners and want lower prices so their kids can one day buy houses??? Oh and for the record, I own a mansion on lots of good… Read more »
Alberta has crashed harder than most Canadians understand. Alberta oil companies that produce 10,000 or 100,000 barrels a DAY and need to sell it at $40-$50/barrel to break even. Are now selling it at a NEGATIVE price. Meaning that a given mid-tier upstream producer is losing hundreds of thousands or millions of dollars per day, ex hedging. (Most production can’t be stopped or even curtailed, and storage capacity has been full for weeks. So you produce at full rate and sell on the spot for whatever price the market is paying — in this case less than $0/BBL) What happens next is a wave of corporate bankruptcies followed by a wave of personal bankruptcies. You don’t “restart the economy” there the way you do with Vancouver’s hotdog vendor and AirBnB economy — like one day it’s closed and the next… Read more »
If working from becomes more common after this china virus then that oil in Alberta will never be needed again.
Office space around the country is going to be in for a rough ride as well.
Office space in Calgary? Just start converting it to condos now.
LOL
100 million barrels were consumed daily in the pre-COVID world. I’m sure that will drop to zero because you don’t start your Volvo and drive to the Cutco office every morning.
The world will no longer use plastic or asphalt. Goods will no longer be shipped via ocean, rail, or air. No natural gas fired power plants, no consumer electronics. The third world will stop entirely. The populations of Asia, Africa, and India will stop joining the middle class.
I believe all of that stops when desk workers in North America and Europe commute less. 7 billion people immediately stop using transport fuel, heating fuel, and electrical generation fuel.
2 net new. 9816 to go.
20K listings is your baselinefor a crash with sales at an all time low?
Yes, because a crash requires a bubble and a bubble pop requires speculators to dump their holdings. And 20k is a conservative threshold based on the past 15 years, since we got to those levels without a crash previously. I’d argue the real threshold is 22k, but we’re splitting hairs at that point.
A crash requires nothing.
Everyone was buying Tulips in the morning and then no one was the same afternoon.
It can happen on any day of any week for any reason or no reason. With or without warning.
(Of course 44% of Canadian households losing work at the same time as 48% are $200 away from insolvency might count as the most obvious warning in the history of economics. No way to know but wait and find out)
https://globalnews.ca/news/6726202/coronavirus-canada-job-loss-poll/
https://www.ipsos.com/en-ca/news-polls/Canadians-and-Bankruptcy-Oct-2019
No, it requires at least 20k.
the Vancouver RE bubble popped years ago
thousands of owners have been sitting on their hands wondering what to do ever since hoping that another shoe won’t drop. well, so much for that…
supply should pickup slightly this fall, them ramp up early next year (unless the govt steps in again with another hair-brained scheme to bailout homeowners directly)
Would be immigrants need to stay home and isolate.
It’s that simple:)
They stay at home by default – homemakers, housewives, students, and realtors.
Yes, they are very productive and a great asset to realtors and mortgage brokers.
What would they do without them?
They won’t. I’ve talked to foreign students and nosy don’t care. They say it does not kill most under 30. And they are right.
Can’t blame them. That’s the new canada.
Again, to clarify, would be immigrants need to stay home and not come to Canada.
See “How to Oracle”, step 1.
Shut the fuck up kid. Go get a gf.
Leave him alone, he already has a boyfriend from china.
You’re still pissed that I outed you as a pretend immigrant? Sad.
Maxime Bernier: On March 12, the day before Parliament was suspended because of the pandemic, the Trudeau government announced its plan to accept one million immigrants in the next three years. Since then, millions of Canadians have lost their job or been forced to work fewer hours. The situation has completely changed. It may take years for the unemployment rate to come down to more normal levels. Does it make sense to continue to welcome 350 thousand immigrants every year when millions of Canadians are out of a job? Of course not! We should give priority to Canadian workers looking for a job. For the moment, Canada’s borders are closed to most non-residents and there is in effect an immigration moratorium. This moratorium should continue after the borders are reopened, until unemployment has gone down. And then, we should have… Read more »
Flawed logic. They won’t come if they cannot get a job or at least believe there to be a decent prospect of finding employment.
Man you are deluded…
Setting aside your lack of qualifications and general eligibility for a moment, would you relocate overseas if there were significant economic uncertainty and widespread unemployment?
Hey shit for brains the other day when Trump tweeted he’s restricting immigration temporarily you said it was great news for Canada.
One would believe you meant “great they can come here”.
Now you say no one will come because of economics.
So which is it; no one’s coming or a great opportunity for Canada?
Or are you just a pathetic troll with no life?
I’m not saying nobody will be coming. Spend the next few weeks learning basic comprehension skills and logic, if you can.
You need not worry about immigrants not coming. The real estate business is driven by locals, amirite?
Yes, the market is driven by locals. But I never said I was worried. You just made that up, probably because you also cannot read.
Wowowowoe.
SIDA Owned!!!!
This is worst than blackface hahaha
YVR regularly schooled this kid and now thissss. Hahaha
You’re welcome to join him in the same remedial classes.
Hahaha. Owned again time after time.
Please don’t leave this blog. It wouldn’t be entertainment without you.
And maybe the robot Projection whos been looking for a hot gf for 15 years. Hahaha
Right, two clowns are always more fun than one.
Life is about to get much harder for you.
Not really. I’m like you. Dual citizenship. And paid off house.
Certainly, especially when coming from the shithole I would prefer to leave. Nothing to lose if I can get there. It will be the welfare and free lunch so it’s always better than back home.
ps. I accidentally voted you up so don’t get excited.
Exactly, the third worlders have been coming her for decades for the generous benefits. They know all the ways to get free money by pretending they have no income when in reality they do.
After all this shakes out and the country is mired in debt I suspect a lot of these government assistance programs will have to be scaled back or eliminated and people will need get back to supporting themselves again.
Great. Which immigration program would you apply for?
I guess the same one as all those students, homemakers, realtors, and housewives applied to and got Canadian citizenship. I assume they all must be highly educated, at prestigious motherland’s universities, and speak fluent English, in order to qualify for the immigration program.
Perhaps you should start with the IRCC website, and take it from there? You clearly need to start at the very beginning.
Have a read, and then only come back when you have a clue.
Still not sure but maybe Start-up Visa Program?
Canada’s Start-up Visa Program targets immigrant entrepreneurs with the skills and potential to build businesses in Canada that:
1. are innovative (student & homemaker)
2. can create jobs for Canadians (realtor)
3. can compete on a global scale (housewives)
Perfect!
Chinese immigrant investors commonly listed as students, housewives, or homemakers.
I knew you’d fail.
He’s a CCP agent.
Chinese and Filipino immigrants come to Canada with equally solid levels of education — but beyond that they’re remarkably different.
nine of 10 recent Chinese immigrants arrive in Metro Vancouver with enough money to immediately buy homes. But only half hold down jobs during their first five years in Canada, while four of 10 report they’re surviving on low incomes.
nine of 10 Filipino immigrants have jobs within five years of arriving in Metro Vancouver. Less than 10 per cent of Filipinos say they are on low incomes, and just four in 10 own their homes.
So all immigrants are rich and don’t need to work or all immigrants are a drain on the system?
Pick one.
“They won’t come if they cannot get a job or at least believe there to be a decent prospect of finding employment” is false and now you’re trying to change the subject.
It’s not false. You’re just clueless about how immigration here actually works.
Please enlighten us, especially for that particular segment of highly educated homemakers, housewives, students, and realtors from China.
Shit for brain was just owned again.
“They won’t come if they cannot get a job”
But only half hold down jobs during their first five years in Canada, while four of 10 report they’re surviving on low incomes.
Dipshit, there are different classes of immigration. Family Class immigration will be relatively unaffected by high unemployment. Those types of entry which depend on having a job in Canada or in-demand skills will of course be impacted.
But by all means continue to argue that the sky is green.
Get a decent girlfriend. Stop asking your mom to make meals for you.
How’s that for detective work.
Oracle, you think I can’t see what you’re doing? I’m smarter than you, remember?
Give up.
How’s the gf? Hahaha
You forgot that I’m smarter than you again, didn’t you?
Just shut the fuck up for once. You sound like such an idiot most of the time. Go get your mama to make you some dinner.
Why are you so afraid?
Afraid of you? An adult living with his parents who has no gf. Others or why would you spend so much time here?
You sound afraid to me.
Mad Max would have made a great PM.
Immigrants create jobs because they create demand and a lot come with money in their pockets. We should increase immigration now. Solves a lot of problems.
Totally incorrect.
Dave is trying to get ahead. Because when the Real inequality comes, you don’t want to be on the losing side.
Too late for Dave.
C’mon Dave. No immigrant is going to come here unless the family unit uses more services than they pay in taxes. The thinking is genetically different.
Trust me on this.
The game now is to get as far ahead as possible now so when real inequality happens, you won’t be begging.
That is the end result. I’m afraid the bulk of the White people here are going to be on the losing end. They’ve been duped by schools and media. It’s their fault though.
“Genetically different”.
You’re such a fucking moron. But being stupid isn’t why you got banned from Twitter, is it?
You’re lucky you’re anonymous. Lol
SIDA going to make love to his pillow tonite. Get a GF!
Failed fishing expedition #412
He’s very, very, very lucky he’s anonymous.
More threats? You’re both so fucking pathetic.
Sold today (actual April 20), vacant lot of .63 acres in Horseshoe Bay. Ocean views.
Assessed last year at 2.124M, this year at 1.592, asking 1.495, sold 1.075
Seller has had it on the market for 21 months with an original asking price of 2.095
5644A WESTPORT ROAD
Versus how many selling at assessment?
for now the politicians are ok with letting the doctors run the show. especially lefty governments. for now they don’t think they have skin in the game, it’s ok to be flippant towards business and young people. if they sense they personally are getting sucked into a deflationary vortex the tone will change. trump is likely ahead of the curve on this.
As long as they keep handing out the cash the sheep will stay in line… for now.
It’s inflationary. A early 20 something i know is saying she wants to save the $5000 for an all inclusive trip. Wealthy parents will allow their university kids to stay home and collect the $5000 each. Even if they’ve never worked.
Actually it’s deflationary Oracle. You are not going to develop an inflationary market by providing hundreds of millions of dollars for the repayment of debt, be it mortgage, rent, car payment, phone payment etc. If the government was handing out millions of dollars to everyone during a stable environment, then that money would have created inflationary forces because it would have gone right back into the various markets. With the consumer providing approximately 2/3 of Canada’s GDP you can clearly see the downward spiral that we will be headed towards. Assets, including houses, cars and toys will drop in value to match the consumer’s ability to pay for it. The Bank of Canada and Trudeau’s spending will undoubtedly drive the value of the CDN dollar down but that imported inflation will be nothing compared to the deflationary spiral that we… Read more »
See “How to Oracle”, step 1.
for many, this is a sweet paid vacation. why would servers and retail clerks who have been laid off want to go back to work p/t?
“‘Things will be different’: B.C.’s top doctor says some restrictions likely in place for at least a year”, CTV News
” The possibility of restrictions lasting a full year or more is raising concerns for many industries, including hospitality and tourism.”
but, but, but….I thought restaurant owners were simply going to paint some lines and arrows on the floor, rearrange some furniture, make some menu changes and maybe even force staff to wear masks so that they can re-open in May?
You do realize that would still fall under the label of “some restrictions”? They’re not saying things will be exactly as they are now for a year or that things will be back to normal by May.
Did you even read the article? No.
to even suggest such things could be possible in a few weeks is totally irresponsible and only makes the public more complacent
kids back to school in May? lol…
School is done for this year. Online only.
as of a couple of days ago they were still “tinkering” with the idea of younger kids going back in “May, June or even September” on alternating days or at different times of the day so that parents could squeeze in a shift or two
“For the next year, things will be different,” she said. Dr. Henry said we could “get really lucky” and have an effective vaccine that comes out before the fall, but she’s not optimistic about that option: “I just don’t think that’s going to happen.”
She’s probably not optimistic about a vaccine because there has never been a successful vaccine developed for any corona virus before.
I don’t recall that this doctor was elected by anyone and yet she seems to be running the province now while the elected officials are standing off to the side?
She’s being groomed to run for the BCNDP.
Plus, suckers they are who are in self lockdown.
Go enjoy yourselves until there is a mandatory lockdown.
Lefties take their marching order from scientists. They are unable to make a decision on their own.
I am sure the banks will keep extending the payment deferrals for how many years it takes and the City will not worry about property taxes. There is really nothing to worry about if you are a home owner with no job.
Hi everyone, I don’t know where to turn to now, any advice is desperately needed. I’m a long term care home worker in Burnaby. I just got a letter from my Chinese landlord that they want the condo I’m renting back by 15th of next month for family member use. I told them no eviction is allowed, and I am paying the rent, but they said family members moving back in doesn’t apply. If I don’t move out, they will tell the strata management company to deactive my keys. I emailed strata corp but no reply yet. I’m so swamped at work and I got two kids at home. What can I do here? What if strata corp deactive my keys? Should I call police?
Evictions are temporarily banned, including those for landlord or purchaser use. It’s unlikely the strata will act on an illegal instruction.
Call the BC residential tenancy office for advice. But yes call the police and tell them your landlord is threatening you to deactivate your FOBs. It would be illegal to deactivate FOBS. Under normal circumstances they require 2 months notice and it must be a close family member moving in. Once the exciton ban is removed they would be required to give you the 2 months at that time. I would just stop paying rent as of May 1st if they plan on evicting you then let them go through the process with the Baliff to have you removed in about 8 months time. In the mean time you get free rent.
Unless a landlord (seller or buyer) serves a proper notice to end tenancy, the tenancy continues under the terms of the original tenancy agreement.
And they also have to give you 1 months free rent.
And bear in mind “close family member” means only a spouse, parent or child. Not a brother, cousin, uncle, etc.
we are a long ways away from seeing the eviction ban being removed. i know it sounds like everything will be back to normal next months given all the fluffy msm coverage, but i’d bet on things remaining closed for a lot longer. no one is going out for dinner and a movie in a couple of weeks
But if strata cancel my keys? Call police?
Call CBC. Seriously.
You don’t need to worry about your key too much as your husband and children are home, correct?
Also, after month-to-month (and emergency status lifted) contract started, you still have full three months to vacate your suit for LL’s own or family use.
If claim of own / family use is found false, LL owes you multiple months rent equivalent.
You may not need lawyer. Just file to RTO.
LL’s own or family use, you are owed two month rent from LL.
Sorry, only one month rent owed and LL give two month notice, not three.
(but month-to-month contract starts 1st of the month)
Under normal circumstances what they are doing is seriously illegal.
But also we are now in a state of emergency, and many eviction notices are invalid.
1) VERY IMPORTANT – Scan the letter and email it to yourself so that you don’t lose it.
2) Call BC Tenancy. You enter your number and when an agent is free they will call you back when an agent is free so no waiting on hold.
3) Optional – Tell your landlord to eat a bat dick.
re #3
if the landlord is a shady POS, then treading lightly will be more effective. trap them into making the next (wrong) move. i would refrain from speaking on phone in case you put your foot in your mouth by mistake. imho get them to put any correspondence in writing via text, email, print
if landlord has left incriminating voicemails make a detailed record of when these calls occurred and if possible download the actual recordings incl time stamp from your phone carrier to your pc using a program like audacity (in case the messages get erased)
re #3 cont’d…
isn’t this how we ended up in this mess to begin with?
Ya, tell them to stuff it and that you’ll report them to the RCMP and tenancy office if they contact you again. Stop paying rent too. It was one thing for them to ask but another to threaten breaking the law.
could be shooting yourself in foot by withholding rent payment
Notices to end tenancy cannot be given for any reason during the state of emergency
https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/covid-19#evictions
– strata mgmt co’s have largely been shut down due to covid-19, so a response may take longer
– it is unlikely they would re-program your key fob without supporting documentation
– presumably the strata co has no record of you on file for being a problem tenant
– keep copies of ALL correspondence from landlord and detailed activity and payment records
I only dealt with landlord, no strata, told me to only call her for problems.
– make sure May rent chq or direct deposit is done as it has been in the past. if landlord is super shady they may accidently on purpose forget to cash chq or cancel direct deposit and use this against you in the future. they still can’t evict based on this however and you would be able to seek info from bank as to why direct payment didn’t get processed and use that against them. if landlord fails to cash chq you could also refer to past pmt history. hopefully you kept copies of these chqs and have something in writing confirming landlord received them when you originally commenced tenancy
I gave her twelve post dated checks last Sep when I signed the renew lease.
if you really think landlord would totally disregard the law, lock you out and then proceed to re-occupy unit, move your belongings out etc then perhaps some sort of hidden video or time lapse cam should be setup in the event they try to enter your unit while you are away.
Call your MLA, MP, and the media.
I would contact the strata and let them know he’s threatened to ask them to change the FOB and remind them that this isn’t legal.
It costs money, but considering your landlord is being unreasonable, it’s better to consult a lawyer rather than ask people on a blog. It may only take a letter from your lawyer to your landlord. It also puts the issue record.
the thought did occur to me that “Care Worker’s” story is made up (frontline worker abused by chinese landlord and all that…), but I will give this person the benefit of the doubt
most likely the landlord is bluffing and might be doing this to every tenant just to see how many take the bait
the initial letter only needs to be simple: ie. the proposed actions by landlord are illegal, therefore not complying. any further illegal measures or action initiated by landlord will be dealt with swiftly by legal representative in conjunction with the relevant authorities
this may be not even necessary at this stage. imho the landlord (if he/she is full of $hit) will just toss in the trash anyway hoping you don’t pursue the matter further
I’m not lying! I’m working 5 days with extra shifts at care homes cuz absence rates are so high and everyone is calling in sick with doctor notes. How much do lawyers costs? I can’t afford a lot. My husband is laid off thanks to virus.
Husband laid off?
In that case don’t forget to apply for your $500 a month rental assistance via BC Housing and then don’t pay the balance of your rent.
Your landlord is probably not declaring the rental income this should make them extra double happy.
if this story is legit, do you actually believe landlord will fill out their portion of the application?
why don’t you get your husband to deal with this? in between watching tv, playing video games and applying for free money, he should have plenty of spare time
Restraining order.
If they attempt to enter call the police to get it documented.
The RTO will side strongly in your favour, and issue an order that allows you to immediately change the locks.
If the Strata can’t understand whose side they need to be on, email CBC and CC the strata.
if it is a highrise things are trickier. they could easily enter the bldg unnoticed and change code and/or access unit when she is at work. of course, all this is 100% illegal, however, it would still be a major inconvenience for the tenant at the same time. perhaps taking advantage of someone while they are compromised was the strategy all along? given everthing we have witnessed over the years nothing would surprise me
I use those keys things to enter building, it’s a tower. Landlord said they will tell strata to cancel my keys if I don’t move out. Strata hasn’t reply to my email or messages. How do I prevent strata from cancel my keys?
You haven’t specified whether you are renting or in a lease.
A very widely misunderstood feature of a lease is that it cannot be ended prematurely except if one party is negligent or belligerent.
If you are in a lease, they cannot evict you for ANY reason except nonpayment of rent or property damage.
“Landlord’s use of property” etc. only applies to month-to-month tenancies. Leases last the term of the lease no matter what else happens.
that is why she has to continue to dot all her i’s and cross her t’s and take the high road
if landlord is a prime grade A a-hole then doing anything off-color going forward will only make her situation worse. also anything that she may have or haven’t done in the past could be re-visited too
once the lease expires it converts to a month to month tenancy by default. only then could the landlord theoretically proceed according to letter of the law (assuming state of emergency lifted)
I sign a renew lease last Sep for another year, landlord said if I don’t sign a new lease then she can lease to someone else willing to pay a higher price. Landlord said the lease contained a clause about family member can move back in with one month notice and no charges for move out cleaning. I didn’t think much since landlord is just one family with two kids in high school. Still, she said she will get strata to revoke my key things if I don’t leave.
starting in sept 2020 your tenancy converts to month to month by default
vacate clauses are no longer allowed
if the state of emergency and more importantly, the eviction ban were somehow lifted by then (literally zero chance imho) then landlord can give you notice regarding use by family member. up until such time your landlord can not change the locks
if you wind seeing this unit back on the rental market even for same amount you could file a complaint
just throwing this out there…
you aren’t by chance related to another user named “China One” are you?
apologies if i am barking up wrong tree but i am now getting the feeling this story is fake
You mean it doesn’t make sense for someone in this predicament to consult anonymous people on a real estate blog rather than the proper authorities and government offices?
Oh, I dunno…..
of course it’s fake.
i was just trying to figure who “Care Worker” is. the second post gave it all away
Same dialect as China One. I think you nailed it.
RTO will murder your landlord through the telephone.
This is a windfall for you.
RTO process is extremely simple: Call them and tell them the details, email them supporting documentation, and they schedule arbitration which is nothing more than a conference call.
After the call (mine took 10 minutes) the RTO issues a judgment. In your case you will be paid several moths’ rent as a penalty for an illegal eviction attempt, and your LL will be notified that if they don’t allow you quiet enjoyment they will be further sanctioned. FInancial penalties get stiff fast, plus they will allow you to change your own locks.
>Best place on meth
Well don’t get cranky with trolls, just beat them upside the head once in a while but don’t ever get into a conversation with them.
That’s what they want and it will never end<
Excellent point.
And also, we don't want them to go away altogether.
Trolls on this blog do have a purpose to be exploited.
More on the proper feeding and caring of trolls later.
Bailout of all students. Hahaha
Those that yell the loudest get rewarded. Make sure to get your money $$$.
10-15 million Canadians getting some sort of free $$$ now. Make sure to get yours.
Trudeau has so far given away $250 Billion. Divide that by 37 million people and make sure you got your share. Otherwise you’ll be left behind in the coming inflation.
And students: don’t work for more than $1000 per month. Rest cash and then you get the Trudeau money and a grant.
Workers: same as above.
Small micro business owners: take the $40,000 cash and declare bankruptcy.
Small business owners: take the 75% wage subsidy and $10,000 grant.
Wowowowoe.
Wonder what handout is next. I think seniors!!!
It’s not $250 Billion so far… more like $20 billion so you are not even close.
I bet they spend about $500B to $1T more than they would have over the next 10 years. And that’s not counting monetizing the debt.
yes probably…
Highly inflationary. Models I look at are suggesting a 58 cent dollar.
It’s $250 Billion. As per the Bloc
$20 Billion – $9 Billion spent on students = $11 B leftover.
Divide that by the 8 million taking CERB=. Leaves $1375 per person for 4 months.
Add the 75% wage subsidy and $10,000 grants.
——————
So $250 Billion!
you said “so far” and “so far” it is not $250 billion.
Premier John Horgan is lobbying for a federal bailout of B.C. Ferries, arguing that the provincial-government-owned company is as deserving of a handout as airlines and other private companies
https://vancouversun.com/opinion/columnists/vaughn-palmer-province-stretching-by-asking-ottawa-to-bail-out-b-c-ferries/wcm/88fd8308-9ea5-48d2-85dd-45eb775c955e/
“…private airlines are eligible, so why not public transportation companies like TransLink, B.C. Transit and the ferries?”