Naru Menon’s Blog
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5 Essential Strategies for Building and Preserving Wealth
High net worth investors adopt essential habits for building and preserving wealth. Key strategies include embracing social responsibility in investments, employing a multi-pronged approach to wealth preservation, and ensuring tax efficiency. Additionally, spending less and investing more is crucial, along with focusing on long-term investments for higher returns. By cultivating these financial habits, individuals can…
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Home sales down in Metro Vancouver, Fraser Valley
Real estate sales in Metro Vancouver and the Fraser Valley fell slightly in July compared to last year and remain below the 10-year average. Cautious buyers and optimistic sellers have differing expectations, with realistically priced homes selling. Surplus housing supply has led to a dip in prices, with detached home prices in Metro Vancouver down…
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Why Appreciation Rate Matters in Real Estate
Appreciation rate is the annual percentage increase in a property’s value over a specific time period. It’s a critical metric for Canadian homebuyers and investors evaluating long-term property performance. Key drivers include location, infrastructure, economic trends, interest rates, and housing market supply and demand. Appreciation may be market-driven or forced through property upgrades like renovations…
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Canada’s Rent Inflation Set to Drop to 3% by End of 2025
Canada’s rent inflation expected to cool to 3% by end of 2025, driven by disinflationary forces. Economic stagnation and job market slack reduce demand, causing hidden deflation despite rising rents
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Credit Scores Key to 2025 Housing Trends
In 2025, stronger credit profiles support a more stable housing market compared to the 2000s. Buyers with higher credit scores access lower rates, more loan choices, and smoother approval processes. Today’s buyers are generally more financially qualified, raising competition and reinforcing market resilience. Good credit can save thousands annually by unlocking better mortgage terms amid…
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Where Metro Vancouver Rentals Are Cooling Fast
North Vancouver priciest for 5th month; 1-bed avg. $2,630 in July, ↑1.2% MoM, ↓3.1% YoY. Vancouver 1-bed avg. $2,513, ↓1.0% MoM, ↓9.5% YoY; 2-bed avg. $3,488, ↑0.5% MoM, ↓7.1% YoY. Coquitlam 1-bed avg. $2,328, ↓0.8% MoM, ↓0.5% YoY; 2-bed avg. $2,940. Burnaby 1-bed avg. $2,288, ↓11.6% YoY; National rents ↓3.6% YoY.
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What’s Behind Bc’s Real Estate Price Adjustment?
BC’s real estate prices have fallen. The province is experiencing a moderate market correction after record highs. Declines reflect changing buyer demand and affordability pressures within BC. The market remains expensive but is adjusting toward more sustainable levels. BC buyers are adapting to evolving conditions in a shifting market.
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Burnaby Rent Drops 7% in Mid-Summer
Burnaby rents ↓ 7.6% yearly for one-bedroom unfurnished units by July 2025. All major Burnaby neighborhoods posted rent declines, including Central and South Slope. Central Burnaby saw the steepest drop at ↓ 16.1% over the past year. Even busy Metrotown rents fell over ↓ 9% yearly in July 2025. Falling rents reflect shifting demand and…
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4 Things to Do With the Equity in Your Home
The Canadian real estate market has seen significant price increases, especially in Vancouver and Toronto, enhancing home equity for many. This has led to a rise in home equity loans, with homeowners using their equity for renovations or debt consolidation. Home equity can also act as a retirement fund, encouraging older Canadians to downsize. Options…
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Smart Strategies For Canadians – Building Wealth Without Breaking The Bank
Canadians can improve their financial future by adopting strategies like creating a detailed budget, diversifying investments, and using tax-efficient accounts such as RRSPs and TFSAs. Financial literacy is crucial for informed decisions on saving, investing, and debt management. Effective saving strategies include maintaining an emergency fund and using high-interest savings accounts. Leveraging government programs can…