💡 Big Changes to BC’s RAP & SAFER Programs Starting April 1, 2025 The Province of British Columbia is making housing more affordable for thousands of renters with expanded eligibility and boosted benefits for the Rental Assistance Program (RAP). If you’re a...
A Welcome Update for Landlords and Tenants We are pleased to share that Policy Guideline 40 has now been reinstated with further refinements, bringing much-needed clarity to landlords, tenants, and arbitrators regarding damage claims and capital expenditures. This...
A safe, stable home is the foundation for a healthy and thriving life. But for many British Columbians, an unexpected expense—like a medical emergency or job loss—can put their housing at risk. That’s where BC Rent Bank steps in, providing short-term financial...
For both tenants and landlords, staying informed about the deposit interest rate is key to smooth rental experiences. The great news for 2025 is that the interest payable on deposits is 0.95%! This rate is set by the Residential Tenancy Regulations, which determine...
Important Update: Changes to the Residential Tenancy Act Effective July 18, 2024 SOPM wishes bring to your attention significant updates to the Residential Tenancy Act (RTA), set to take effect on July 18th, 2024. These changes introduce a new digital platform...
The landscape of rental regulations in British Columbia has recently undergone significant shifts in 2024, with updates to the Residential Tenancy Act impacting both landlords and tenants alike. As a leading property management company, it’s SOPM’s...
As the implementation of provincial legislation approaches in May 2024, which restricts short-term vacation rentals like Airbnb, many property owners are reevaluating their options. Apart from selling, transitioning to long-term residential tenancy emerges as the most...
1. Change the air filters in the home: If you have a central air conditioning system, change the air filter regularly. If you have a window air conditioning unit, remove from the window or place a waterproof cover over it to prevent damage during the winter. Change...
On November 24, 2022 the Strata Property Act was amended to remove sections of the Act that permitted residential rental restrictions. Strata corporations in British Columbia can no longer pass bylaws that restrict rentals or control who may be the tenant, age related...
Planning a family vacation is an exciting endeavour, and choosing the right accommodation plays a crucial role in ensuring a memorable experience. While hotels have long been the go-to option, vacation rentals are gaining popularity among families seeking a more...
