Jason Bugra @JasonBugra
🇨🇦 Who Am I? | Rental & Strata Property Manager in British Columbia, Canada / Tribe Property Management aceagencies.ca Abbotsford, British Columbia Joined February 2010-
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Jason Bugra retweeted
Canada’s unemployment rate jumps to 7.1% in August, highest levels in nine years outside the pandemic. Market odds of a September rate cut from the Bank of Canada surge to 90%.
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Long-term BC Landlords continue to get shafted... Anyone who has been renting their units pre-covid is 'extremely' below market value despite the recent 20% rental price drops. "B.C. sets rent increase cap at 2.3% in 2026, down from this year's 3% Maximum allowable increase…
Unpopular opinion: BC should get rid of the speculation and vacancy tax. If someone wants to pay their mortgage and use their 2nd, 3rd, or 100th home just once a year, that’s their business. Why punish people for having vacation homes?
Construction, especially restoring old historic commercial buildings is a “brutal” process. I don’t recommend it to anyone unless you’re willing lose a ton of $$$ and be willing to hold long term. I have so much more respect for builders. They have to go through so much…
Brand new 2 bedroom condos in Langley, BC are receiving $100 a month in water utility bills. How does a 600-800 sq ft condo use more water than a 4000 sq ft house? Someone please explain?
Good sign. People on the sidelines are starting to slowly step back in.
Good sign. People on the sidelines are starting to slowly step back in.
Fraser Valley Rental Update: Market is obviously slower than prior years. For example we have 130+ vacant rentals in the Fraser Valley, primarily new condo rental builds. (Moving but slowly) Prices are down ~20% from peak. What’s working for us? The simple stuff……
Will this improve over time or get worse?
ChatGPT says that I came to Canada from India with $20 in my pocket. Got to be careful what you believe with AI.
Maybe in this condo downturn 55+ only building may start growing in value again. Those were higher demand rentals back when I first started and quickly faded away as of recent. Walking through 55+ buildings make me realize why some may pay a premium to be part of the…
Airbnbs is still a thing in BC. And they ain’t cheap either.
Converting your garage into a studio rental without a permit isn’t the value add everyone is talking about. 🫣
BC Rental rates for condos are getting closer to Covid pricing. Still higher than pre-COVID pricing. You are likely not going to cashflow on your precons for some time…
What recession? BC Indian weddings still going nuts. 🔥
Jason Bugra retweeted
A question that lives rent free in my head...
Starting July 31, 2025 — the BC Residential Tenancy Branch will begin publishing ALL monetary orders in a public, searchable database. Names, rental address, file number, and how much is owed (and by who) — all going public after 15 days. Consider this your heads up...
Everything will be converted to rentals until market recovers for condos. I’ve seen this play out before.
Everything will be converted to rentals until market recovers for condos. I’ve seen this play out before.
Jason Bugra retweeted
If it wasn't for leverage, homeownership wouldn't be a good investment. Canadians are not great savers, so we love homeownership for forced savings + reduced upfront "investment". But leverage cuts both ways. It amplifies returns on the upside... and losses on the downside.
Yes sir. 💪🏽
Why does X make Canada sound so bad? It really isn’t. Could be better but it’s not bad. You should all go enjoy the outdoors more. I love Canada. 🇨🇦
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