Investment Properties
An investment property is real estate property purchased with the intention of earning a return on the investment either through rental income, the future resale of the property, or both.
When it comes to the new Tenancy laws and rules, effective July 18, 2024, the notice period to evict tenants for reasons of personal or caretaker use will increase from 2 months to 4 months.
Tenants will have 30 days to dispute notices to end a tenancy, extended from 15 days, and landlords found to be ending a tenancy in bad faith could be ordered to pay the displaced tenant 12 months’ worth of rent.
The B.C. government will also be launching a Landlord Use Web Portal to give renters better protections from landlords and bad faith evictions.
Landlords will be required to use the portal when issuing notices to end tenancy for personal or caretaker use, with a unique notice ID when ending a tenancy.
Register for a BCeID and please visit the BC Tenancy Website
Investment Properties
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Data was last updated April 29, 2025 at 04:05 AM (UTC)
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