How BC’s Housing Policies Flipped the Real Estate Market

What happens when a government spends years blaming landlords—only to realize they desperately need them?

That’s exactly what’s happening in BC right now. And if you’re thinking about buying, selling, or investing in real estate, this shift changes everything.

Let’s break down exactly what’s happening—and why it matters to you.

The Government’s War on Real Estate Investors

It all started with the Speculation and Vacancy Tax in 2018. From there, things kept getting worse for landlords:

• Fixed-term leases? Scrapped.
• Eviction rules? Extended notice periods.
• Rent increases? Capped far below inflation.

The message was clear: Real estate investors were the villains.

And if that wasn’t enough, the Anti-Flipping Tax dropped a 20% tax penalty if you sold within two years.

Result: Small landlords got squeezed hard.

Why Small Landlords Are Fleeing the Market

It’s not just about taxes. It’s about survival.

When inflation hit 6–7% in 2023, landlords could only raise rents by 2%. This year, it’s 3.5%—still way behind rising mortgages, taxes, and utility costs.

And eviction? Nearly impossible without months of notice—making tenant-occupied properties a financing nightmare for buyers.

Landlords had enough. Tenant-occupied property sales jumped from 7% to 11% of total sales almost overnight.

Vacant properties sell faster and for more.

Tenant-occupied ones now sell for an average of $18,000 less and sit on the market 10 days longer.

How “Tenant Protections” Made Housing More Expensive

The government’s “solutions” backfired—hard. By making landlording painful and risky, they drove investors out of the market. Fewer landlords = fewer rental homes.

And when supply shrinks? Rents skyrocket.

It’s like fixing a watch with a sledgehammer… and then acting surprised when it stops working.

Why David Eby Is Suddenly Courting Landlords

In a stunning twist, Premier David Eby—the same guy who led the anti-landlord charge—is now calling landlords essential.

At a meeting with the BC Real Estate Association, Eby admitted:

• Landlords play a valuable role
• They need better protections against property damage and non-payment
• The system needs urgent fixing

Why?

Because the government’s own numbers showed BC renters now spend 53–63% of their income on housing—while renters in Alberta and Saskatchewan spend much less.

What This Means for You as a Buyer, Seller, or Investor

If you’re active in the real estate market—or planning to be—you can’t ignore this shift.

• Expect more investor-friendly policies on the horizon.
• Watch out for tenant-occupied properties; the 3-month notice rule could still impact your financing timeline.
• Pay close attention to Mortgage Rate Hold periods (90–120 days).

Those who move fast and smart will spot opportunities before the masses catch on.

The Bottom Line: Stay Sharp or Stay Stuck

BC’s housing policies are changing fast—and if you’re not ahead of them, you’re already behind.

For small landlords, these changes could finally make real estate investing viable again. For buyers, knowing where the traps are will mean saving thousands (and a lot of heartache).

If you’re thinking about moving, investing, or just want to understand how to play this new game, now is the time to start paying attention.

Want the full breakdown and next steps?
👉 Watch the video here to get the inside strategy before everyone else catches up.

What if I have any questions about moving to Surrey or White Rock, BC?

Selecting an excellent real estate professional is key to a successful home purchase. The Germyn Group, with our deep understanding of South Surrey/White Rock and its real estate dynamics, is committed to guiding you every step of the way.

We invite you to book a consultation with us. During our meeting, we’ll discuss your needs, preferences, and any questions you might have about the real estate market.

As you embark on this exciting journey, remember that the right home is more than just a property; it’s a foundation for your future. With the Germyn Group by your side, let’s make your dream of homeownership a beautiful reality.