Sold: Most sought location in Kitsilano

This one has it all! Completely renovated top-floor corner-unit in the most sought after location in Kitsilano, North of 4th. This gorgeous 2-bed/1-bath 886 sqft home features brand new wool carpet, fresh paint, updated kitchen with S/S appliances, huge bathroom with double-vanity, large master-bedroom, in-suite laundry, cozy wood-burning fireplace and a 100 sqft patio with views of the North Shore Mountains. All of this in a completely-rainscreened, exceptionally well-run building with new elevator. Unbeatable location with a walk-score of 97 – just a short stroll to the beach, shops, restaurants and downtown Vancouver

Maximum BC Rental Increase in 2019 is 4.5%

Rents may be rising next year by more than the usual amount.

The provincial government has announced that the maximum annual allowable rent increase in 2019 will be 4.5 per cent. Based on the B.C. consumer price index and the formula for rent increases in British Columbia, landlords can choose to increase rent once annually.

The maximum percentage increase allowed each year is the inflation rate plus two per cent The inflation rate, calculated using the 12-month average percentage change in the consumer price index for B.C. ending in July, is 2.5 per cent. Therefore, the maximum allowable increase for 2019 is 4.5 per cent.

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