Who's asking

A Canadian company that buys homes to keep, not to flip.

Before anything else, you should know exactly who you'd be dealing with.

Obika Assets, in plain terms

We're a Vancouver-based company that buys residential property and operates it as furnished short-term rental accommodation. We do this in the Okanagan, and we do it in Takamatsu, Japan. The Canadian side is run directly by our founder, Christopher Hood, who has managed rental properties in British Columbia for years — he started in the trades at eighteen, in abatement and remediation work most people won't touch, and has been renovating and running property ever since. That background is why we're comfortable buying homes that need work.

We are not a franchise, a call centre, or a lead-generation company that passes your details along. When you get in touch, Chris is the person who reads it and the person who calls you back.

  • CompanyObika Assets Inc., federally incorporated in Canada
  • Office183 Keefer Place, Vancouver, BC
  • Your contactChristopher Hood, Founder & CEO
  • What we doBuy, furnish, and operate short-term rental homes
  • WhereThe Okanagan, BC and Kagawa Prefecture, Japan
  • More about usMeet the team · How the business works
Why your property

Why an investment company would want the house you live in.

It's a fair question. The short answer is that we need well-located homes to host guests in — and we're set up to buy them in whatever condition they're in, and on whatever timeline the owner needs.

01

Our business is hosting guests — so we want homes guests will love, or can be made to.

We furnish, photograph, and list properties for visitors: couples on wine-country weekends, families on the lake for a week, skiers at Big White, healthcare workers on multi-week contracts, companies running retreats. Some homes are ready for that the day we get the keys. Others need a renovation first. We buy both — location matters far more to us than current condition.

02

The Okanagan has demand across most of the year, not just summer.

We don't buy on July and August numbers. We look at how a property performs across the whole calendar — lake season, wine season, ski season, and the quieter months in between. That's why we care so much about location: a home that reaches more than one kind of guest is the home we want to own.

03

We hold what we buy. We're not looking for a quick resale.

Our returns come from operating the property well over years, not from selling it on. That changes how we behave as a buyer: we're not trying to squeeze a margin out of the purchase price, because the purchase price isn't where we make our money.

!

Why now: the rules changed in June 2026.

For the past two years, British Columbia's short-term rental law required that a home be the owner's principal residence to be rented short-term in most communities. That rule made it effectively impossible for a company like ours to buy and operate homes in Kelowna. In June 2026, Kelowna became the first city in the province to opt out of that requirement, after its rental vacancy rate stayed above the provincial threshold for two consecutive years.

That is the reason we're actively buying in the Okanagan now — and the reason we're specific about which communities and which properties qualify. Big White and Silver Star sit within provincially exempt resort areas. Other Okanagan municipalities have different rules, and we check the exact position for every address before making an offer.

What we look for

Is your property the kind we'd buy?

Here's the honest picture, so you can decide whether it's worth getting in touch before you spend any time on it.

A likely fit

What a good match looks like

  • In Kelowna, at Big White or Silver Star, or in another community where short-term rental by a non-resident owner is permitted
  • Any condition — move-in ready, dated, or needing significant renovation. We do the work ourselves after purchase
  • Any timeline — including situations where you need a firm sale on a fixed date
  • Close to what visitors come for: the lake, a wine route, a mountain access road, or a walkable town centre
  • If it's a strata property, a strata that permits short-term rentals
  • Space that works for groups — families, friends, or a small team
Probably not us

Where we'll tell you quickly that we're not the right buyer

  • In a community where the principal-residence rule still applies to your property
  • A strata that prohibits or tightly restricts short-term rental
  • A location that only works for one kind of guest in one season
  • Structural problems that go beyond renovation — foundation failure, unresolved land issues

If any of these apply, we'll say so in the first conversation rather than string you along. A property that doesn't fit our model may still fit one of the other investors we work with — more on that below.

If you're under financial pressure

If the mortgage has become the problem, here's what we can and can't do.

Some of the people who contact us are behind on payments, facing a deadline from a lender, or carrying a property they can no longer afford. If that's you, this section is written for you — plainly, without a sales pitch.

What a sale to us actually gives you

Certainty. A written, unconditional offer once our checks are done, with a completion date you can plan around — not a listing that might sit for months while arrears keep building.

No repairs, no showings. We buy the property as it is. Deferred maintenance, an unfinished project, a house that's been hard to keep up — none of that stops us. We renovate after purchase, at our cost.

A clean exit. On completion, the purchase price pays out the mortgage, any arrears, and any registered charges. Whatever equity is left is yours. You walk away with the debt cleared and the property no longer your responsibility.

Workable dates. If you need time to arrange your next place, tell us. Completion and possession don't have to be the same day.

The trade, stated plainly

A fast, as-is sale means a lower price than a renovated, fully marketed listing might get over several months. You're trading some of that upside for certainty, speed, and never having to deal with the property again. For a lot of people in a tight spot, that's the right trade — and we'll show you the numbers so you can see it for yourself.

Have a lawyer read the offer, and ask your lender what they can do. We say this to everyone. If we're still your best option after that — and we often are — the offer will still be there.

We're a business, and we make our money by operating the property well over years — not by taking advantage of the day you sell it. A purchase that leaves you worse off than you needed to be isn't one we want on our books.

What happens next

What selling to us actually looks like, step by step.

Nothing here is automated. Every property is looked at by a person, and you'll know where you stand at each stage.

01
Day 1

You tell us about the property

The form at the bottom of this page asks for the basics — where the property is, what kind it is, whether there's a strata, and roughly when you're thinking of selling. Ten minutes at most. You don't need to have decided anything.

02
Within a few days

We do our homework, then call you

Chris checks the things that determine whether we can actually operate the property: the municipality's short-term rental position, zoning, strata bylaws if any, and what comparable homes in your area are worth. Then he calls to talk it through. If it isn't a fit, this is where you'll hear that — clearly and without wasting more of your time.

03
If it's a fit

A written offer, with the reasoning shown

If we want to proceed, you get a written offer. For a move-in-ready home, it's based on what comparable properties are actually selling for. For a property that needs work, or where you need a fast unconditional sale, the price reflects the renovation cost we're taking on and the certainty we're providing — and we'll show you that reasoning rather than just a number. We transact through licensed British Columbia real estate professionals, and you're free to have your own realtor and your own lawyer involved from the start. We'd rather you did.

04
Standard BC process

Conditions, subjects, and closing

The offer is on the standard British Columbia Contract of Purchase and Sale. Where you need certainty quickly, we do our inspection and licensing checks up front so the offer can be firm when you sign it. Where there's no urgency, it carries the usual subject conditions. Either way, you set the completion and possession dates that work for you — as fast or as slow as your situation needs.

05
Occasionally

Sometimes we place a property with another investor instead

Alongside our own portfolio, we work with a small group of investors who buy Okanagan property for other purposes — long-term rental, development, or personal use. If your property clears our checks but turns out not to be one we want to operate ourselves, we may assign the purchase contract to one of those investors rather than complete the purchase in our own name.

You'd be told before it happens, and it can't happen without your written consent. Either way, the price and terms you agreed to don't change.
Straight talk

What we are, and what we aren't.

What you can expect from us

  • A real person — Chris — reading your message and calling you back
  • A clear yes or no within days, with the reason
  • A written offer with the reasoning behind the number, not just the number
  • Speed when you need it, and no rush when you don't
  • Licensed BC professionals involved in the transaction
  • A firm expectation that you get your own legal advice before signing

What we're not

  • Not flippers — we buy to hold and operate, and we renovate for guests, not for resale
  • Not going to promise to "stop your foreclosure" — we can offer a certain sale on a firm date, which is a real thing; we can't make promises about your lender
  • Not going to pressure you — if you decide to list with a realtor or work something out with your bank instead, that's the right call for you and no hard feelings
  • Not interested in a deal that leaves you worse off than you needed to be
  • Not a broker — our first intention with every property is to own and run it ourselves
Common questions

Things sellers usually ask us.

Only if you need to. If you're six months from being ready, that's fine — tell us, and we'll work around your timing. If you're facing a deadline, we can move quickly and give you a firm date. Plenty of people get in touch just to understand their options, and that's a perfectly good reason to.

No. We buy as-is and do the renovation ourselves after purchase — that's part of what we do, and Chris's background is in exactly this kind of work. A dated kitchen, an unfinished basement, deferred maintenance, a roof that's due: none of it stops us. The only things that do are structural or land problems that go beyond renovation, and we'll tell you early if that's the case.

Maybe — and we'll tell you quickly if not. What we can offer is a firm, unconditional purchase on a date you can rely on, with the mortgage, arrears, and any registered charges paid out on completion and the remaining equity paid to you. For a lot of people in that position, certainty is the thing that matters most, and it's the thing a normal listing can't provide.

What we can't do is make promises about your lender. Talk to them before you talk to anyone else — many lenders have hardship options that never get offered unless you ask. And get your own legal advice before signing with us or anyone. We won't complete a purchase with a seller who hasn't had the chance to.

Yes, and we'd encourage it. A realtor representing you will make sure the offer is fair and the contract terms protect you — including the assignment terms described above. We're comfortable being on the other side of a well-advised seller.

Comparable sales in your specific area, adjusted for condition and location, cross-checked against what the property can realistically earn as a short-term rental. The second part tells us whether we can afford to buy at market; it doesn't push the offer below it. You'll get the offer in writing and you'll be able to see the comparables we used.

It's furnished, professionally photographed, licensed with the municipality, registered with the province, and listed for guests. It's operated under a business licence with the obligations that come with one — noise, parking, occupancy limits, and a responsible contact for neighbours. We take the neighbour relationship seriously because a property that upsets the street is a property that loses its licence.

Assignment means the buyer on your contract transfers their position to a different buyer before completion — so a different party ends up owning the property, on the same price and terms you agreed to. We do this occasionally, when a property suits one of the other investors we work with better than it suits us. It can't happen without your written consent, and nothing about your side of the deal changes.

None. A conversation and, if it's a fit, a written offer — which you can accept, negotiate, or decline. We don't charge fees to sellers, and we don't share your details with anyone outside the transaction. Our privacy policy sets out exactly how we handle what you send us.

Get in touch

Tell us about your property.

A few details are all we need to do the first check. Chris reads every submission and follows up personally — usually within a few days.

  • No obligation — you're asking a question, not agreeing to anything
  • A clear answer within days, either way
  • Your details stay with us and aren't passed to anyone outside the transaction
Nothing on this page is an offer to purchase any property. Any purchase is subject to a written contract on the standard British Columbia Contract of Purchase and Sale, with conditions. Obika Assets Inc. is a buyer of property and is not acting as your agent.

Property details

Rough answers are fine. We'll cover the rest on a call.

By sending this, you agree to our privacy policy. We'll only use these details to assess the property and follow up with you.

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Thank you — received.

Chris will look at the property and be in touch within a few days, either with a call to talk it through or a clear note that we're not the right buyer for it.