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The misuse of tenant rights has significant repercussions on the rental market, particularly in terms of rent increases. When tenants exploit legal protections to avoid fulfilling their responsibilities, it creates a cascade of financial and operational challenges for homeowners. These challenges often translate into higher rental prices as landlords attempt to mitigate risks and recover
Homebuyers are among the main people affected by high interest rates. Rising rates translate into larger monthly mortgage payments, which makes it harder for prospective homeowners to finance homes and get approved for mortgages. This has led to a slowdown in housing demand as buyers delay purchases, waiting for more favorable conditions (Government Publications Canada) (BCREA).
There has never been a building boom like the one currently underway in British Columbia's Lower Mainland. This increase is the result of several factors coming together, such as development, fast population expansion, and rising demand for both residential and commercial real estate. Population Growth and Urbanization One of the areas of Canada with
