Insights
Big Boost for Renters in BC: More Families Now Qualify for Rental Assistance
💡 Big Changes to BC's RAP & SAFER Programs Starting April 1, 2025 The Province of British Columbia...
Important Update: Policy Guideline 40
A Welcome Update for Landlords and Tenants We are pleased to share that Policy Guideline 40 has now...
BC Rent Bank: Keeping Renters Housed and Communities Strong
A safe, stable home is the foundation for a healthy and thriving life. But for many British Columbians,...
A Guide to the 2025 Deposit Interest Rate
For both tenants and landlords, staying informed about the deposit interest rate is key to smooth...
4 Month Notice Period and RTB Online Portal
We want to inform you about significant changes coming to the Residential Tenancy Act (RTA), effective July 18th, 2024. The RTB is launching a new digital system for generating landlord use notices to end tenancy and changing notice period from 2 to 4 months.
2024 Residential Tenancy Act Changes and Their Implications
The landscape of rental regulations in British Columbia has recently undergone significant shifts, with updates to the Residential Tenancy Act impacting both landlords and tenants alike. As a leading property management company, it’s SOPM’s our responsibility to keep you informed about these changes and their implications for your rental situations.
Transitioning AirBnBs to Long-Term Tenancies
With the impending provincial legislation set to take effect in May 2024, tightening regulations on Airbnb and similar short-term vacation rentals, many property owners are faced with decisions about their rental properties. For those considering options beyond selling, transitioning to long-term residential tenancy often emerges as the most viable path forward. If you’re new to the realm of being a landlord and feeling uncertain about where to start, fear not – we’re here to provide guidance, illuminating the ease of this transition and outlining the advantages and considerations of managing long-term rental properties.
Preparing Your Rental Property for Fall
1. Change the air filters in the home: If you have a central air conditioning system, change the air...
Limitations on Rental Restrictions in Strata Buildings
The Strata Property Act was amended to limit rental restrictions in Stratas and increase housing supply.
The Benefits of Booking a Vacation Rental for Your Family Vacation
Planning a family vacation is an exciting endeavour, and choosing the right accommodation plays a...
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