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Real Estate: Updates during COVID-19 in Vancouver, BC

Posted by editor on November 16, 2020
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The second wave of COVID-19 has been recently experienced by the province. Cases due to COVID-19 are rapidly accelerating. The number of hospitalizations are increasing alarmingly. Due to this, the British Columbia Real Estate Association and the Real Estate Council of British Columbia are coming up with new rules with more safety precautions. Firstly, they advised against open houses and are replacing previous directions on facilitating more secure open houses with this amended direction on more secure showings.  No more than 6 people can attend any event in a private residence.

The following guidelines explain the latest amended protocol for safer showing in pandemic

https://www.bcrea.bc.ca/wp-content/uploads/Safer-Showings-During-Second-Wave_final.pdf

Also, find below the new orders from the Provincial Health Officer:-

https://bcrea.us12.list-manage.com/track/click?u=1d19d95fdc3d8a43aeed37550&id=88ca5c562f&e=812ec3ca78

Secondly, the rent freeze has been extended from 1st December 2020 to 10th July 2021 due to the second hit by COVD-19.

According to Minister of Municipal Affairs and Housing Selina Robinson “We know many renters are still facing income loss and even the slightest increase in rent could be extremely challenging. For that reason, we are extending the freeze on rent increases to provide more security for renters during the pandemic.”

Aditya Tawatia

Personal Real Estate Corporation*

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