WE ARE VANCOUVER’S FOREMOST RENTAL MANAGEMENT SPECIALISTS

FIND OUT HOW WE CAN HELP YOU FIND A QUALITY TENANT FOR YOUR PROPERTY!

A+ rating from the Better Business Bureau (BBB) for over 25 year.

Profitable and carefree ownership

Looking to maximize your profits and maintain your property values?

Whether it’s golfing, sailing, or skiing, you can enjoy more of it when you put your property in our hands.

Downtown Suites Ltd., a boutique property management and real estate company, specializes in strata-titled suites, rental apartment building, houses and townhomes in Metro Vancouver.
As licensed professionals under the British Columbia Financial Services Authority (BCFSA), we have been serving our clients for more than 25 years.

We provide expertise and individual attention to all the properties we manage or sell.

We offer comprehensive, fully customized suite management and sales.
Our clients enjoy profitable and carefree ownership.

FEES

Our management services cost less than what your time is worth

All fees are DEDUCTIBLE for income tax purposes
Our fees are as competitive as any in the industry and our service is better!
If you analyze our fees compared to other first class rental management, we are certain you will find us the most reasonable overall
Tenant placement services (no rental management) fee of 75% of the first months rent to secure a quality new tenant
All fees are subject to GST as required by law.

FOR NON-RESIDENT

Are you a non-resident of Canada?

Please review the CRA website for the requirements for being considered a non-resident of Canada.
We are not tax consultants; if you have questions pertaining to your status, they should be made to your accountant. The non-resident tax is currently set at 25% of gross income
All non-resident owners are required by the Canadian Government to obtain either a Social Insurance Number (SIN) or an International Tax Number (ITN). Our accounting office will send you the online forms for application or download.
It takes approximately twelve weeks to process an ITN number.
We cannot pay any funds to a non-resident owner without either of the above.
The managing agent is responsible for withholding and remitting to Canada Revenue Agency (CRA) 25% of the gross rent collected each month.
Non-residents are required to file income tax on an annual basis. If you need help with filing your income tax in Canada please contact your accountant
We report to CRA the owner’s rental income and withholding tax on an NR4 information return which is due by March 31st. A copy is also sent to the owner or their accountant which needs to be included with their income tax.
If the property is vacant for more than six months you are required to pay the provincial BC Speculation and Empty Homes Tax and also the Federal Underused housing tax. Both of the above must be filed annually by all resident and nonresident property owners.
If you sell your property in Canada you are required to request from CRA a Certificate of Compliance related to the disposition of your property not later than 10 days after the sale of the property. Penalty for late filing is $25 per day up to maximum of $2500. We suggest you send a request as soon as you receive an offer form the buyer. Our accounting department will also provide you with this service for a fee of $350 plus GST.
Our fee for remitting monthly taxes to CRA and annual filing of necessary paperwork and liaising with the Canadian Revenue Agency (CRA) is $50 per month.
All our fees are tax deductible and subject to GST.
For more information, please review the CRA website.

View the video: Nicholas Meyer outlines information for Non-Resident Owners contemplating a sale of their property.

“These video updates are invaluable to us. I always feel that much more comfortable once I’ve seen the updates. I know our suite is in good hands. This is particularly important for us, as it’s our home. We’ve had great service, and I would not hesitate to recommend Downtown Suites.”

J.Kofoed, Delft, Netherlands

Suite Owner