Greater Vancouver Real Estate BlogRecently posted or modified blog posts by tag - rental unitshttps://www.vancouverhousefinders.com/blog/Copyright VancouverHouseFinders.com2022-04-25T05:37:53-07:00tag:vancouverhousefinders.com,2012-09-20:4258The steady rise of Fixed-Term Rental Agreements in Vancouver BC leading to a decline in Real Estate Market.<img src="https://assets.site-static.com/userfiles/1084/image/580_Image_house_keys_big.jpg" width="580" height="386" />
Imagine this – You have spent a year in your rental unit but, after the period ends, you wish to stay and forward it but you are not faced with the usual British Columbia’s 2.9% annual rent increase but instead the rent has actually increased by almost 30%.
According to a fixed-term rental agreement, the landlord and renter sign a clause that states that after a certain period, the renter will have to vacate the unit. But, if he/she wishes to continue, then he has to negotiate a new lease altogether which will usually include a huge spike.
Even though the development of rental units has been encouraged, the problem of the fixed-term rental agreement has not been addressed leading to many landlords trying to make tidy sums by increasing the rent between the range of 10%-30%, which is far above the 2% plus inflation annual rate allowed by the legislation.
Although, one side of the stated issue is that many argue that when a rental agreement ends, the tenancy has also expired. Hence, the new rental agreement would be negotiated at the market rate and not the 2% increase so levied by legislation.<br />But the issue has been brought to notice to the Residential Tenancy branch and it has vowed to work on the same.
It is highly possible that Fixed Term contracts are increasing the cost of rents in Vancouver, which goes hand-in-hand with the statistics collected by Canada Mortgage and Housing Corporation, stating more than 7.1% increase between 2015 and 2016 in Downtown Vancouver.
Currently, the city is battling the rise in rents which could be due to a lot of reasons such as Fixed-rental agreements, inflation or even the introduction of AirBnb which has led to many units being treated as temporary housing solutions leading to the decreased supply and increased rental prices.
The City of Vancouver is battling the issue at hand and encouraging the development of rental units so as to simultaneously increase supply and also adjust the increasing prices of rental units.2016-06-15T22:58:00-07:002018-10-23T05:58:59-07:00Hani Farajtag:vancouverhousefinders.com,2012-09-20:42575 ways to spruce up spaces and attract clients!A lot of times, it so happens that as an agent you are showcasing rental units, commercial or residential spaces, but most of your clients are apprehensive about how the space would look like or what it would be to live/work in such a space.
<img src="https://assets.site-static.com/userfiles/1084/image/real_Estate.jpg" />
This is often the case at hand because clients want to be able to imagine their lives in those spaces and many a times since these units are empty or hardly made-up, the same feeling cannot be imagined.
As real estate agents, it’s important to prepare for such cases beforehand by bringing in bits and bops which have low investment and a greater turnaround possibility.
Hence, we have compiled a list of 5 things that you can bring along to every property you showcase which can help in gaining more business and traction;
1. Bedspreads and Sofa Throws
A little can go a long way, which is completely true in case of quirky and bright sofa throws or bedspreads which assist in adding the oomph factor in any home and let the client imagine the possibilities.
2. Lights – Lamps/Fairy Lights
Adding some lights in form of a Lamp or Fairy Lights can be beneficial to not only showcase the possible lighting in any unit but also to bring about a homely feeling or that of a workspace unit.
Check Also: <a href="https://www.vancouverhousefinders.com/blog/how-do-you-prepare-for-an-open-house/">how to prepare for an open house</a>
3. Place-mats/Center Pieces
Another excellent idea if for the clients to possibly witness the dining area where most of their conversations would be held over supper, or even imagine business meetings across tables. Hence, bringing place mats or centerpieces will add that extra value.
4. Flowers!
The smell of fresh and the sight of beautiful flowers always leads to a better and chirpier mood which can lead the client’s psyche to believe that it could be a beautiful space for them to live/work in.
5. Food
It may sound odd, but when you bring in some cookies or doughnuts for the clients, they tend to form a bond with you as an agent but also tend to enjoy their experience during the showcase.
You can always carry en number of elements and accessories, which would beautify the house or even make the design feel more homely and comfortable.
At the end of the day, it’s extremely important for the clients to feel comfortable and be able to imagine the space that they wish to buy/rent which can not only lead to increased business and traction but also build long-term relationships.
<a href="https://www.vancouverhousefinders.com/">House for sale in Greater Vancouver</a> - check out the latest listings! If you are looking for a new home in the Vancouver area, you will want to check out our selection of houses for sale in Greater Vancouver. Whether you are looking for a single-family home, a townhome, or a condo, we have the perfect property for you.2016-06-15T22:53:00-07:002022-04-25T05:37:53-07:00Hani Faraj