Naru Menon’s Blog
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Estate Planning Tips
Effective estate planning is crucial for managing and distributing assets according to your wishes after death. Key steps include creating a will, establishing a trust, designating beneficiaries for financial accounts, assigning a power of attorney, and setting up a healthcare directive. Regularly review and update your estate plan, consider tax implications, and keep documents organized.…
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Burnaby Limits Housing Grants to 10% of Costs
Burnaby proposes updates to its housing grant program, introducing funding caps, tiered grant amounts, and eligibility restrictions. Maximum grants range from $5,000 for studios to $20,000 for larger units.
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How will Burnaby housing prices look in 2025? New data shows uncertainty
Sales in Metro Vancouver increased by 1.2% in 2024, reaching 26,561 transactions compared to 26,249 in 2023. In Burnaby, residential housing prices showed mixed results: Burnaby East at $1,131,000 (+0.6%), Burnaby North at $986,700 (-0.2%), and Burnaby South at $1,122,500 (+0.2%). Single-family homes were priced at $1,957,700 in Burnaby East (+0.3%), $2,133,100 in Burnaby North…
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Why BC Housing Prices Could Continue to Drop
B.C.'s housing market faces uncertainty due to tariff-related concerns in Q1 of 2025. Home price forecasts for B.C. have been revised downward for 2025, with expected declines.
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When Will BC Hosts Register Their Rentals?
BC launches bold rental crackdown—hosts must register by May 1, 2025, or lose their listings. The registry targets housing shortages by enforcing limits and requiring a visible provincial ID on listings.
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8 Home Insurance Savings Tips
Canadian homeowners can save on home insurance while ensuring adequate coverage by following these tips: 1. Compare quotes from multiple insurers for the best rates. 2. Bundle policies for discounts. 3. Consider increasing your deductible to lower premiums. 4. Install security systems for potential discounts. 5. Maintain a good credit score to qualify for better…
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Burnaby Rents Decline, Remain Canada’s 2nd Highest
Burnaby's rental prices remain among Canada's top three, but continue to decline, averaging over $2K in February 2025.One-bedroom rentals in Burnaby ↓ 3.6% to $2,367, while two-bedrooms ↓ 3% to $2,986 yearly.
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Short-Term Rental Hosts Face New BC Regulations
A new Short-Term Rental Registry will be effective in British Columbia starting May 1, 2025. All short-term rental hosts and platforms must register, displaying a valid registration number on listings.
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B.C. Housing Tax: Tariff in Disguise?
B.C.’s foreign buyer tax is compared to a tariff, restricting investment and worsening the housing challenge. The tax, introduced in 2016, applies to various property types, including multi-family homes and development sites.
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ब्रिटिश कोलंबिया में निर्माण की मांग में कमी के संकेत, वर्षों की तेज गतिविधि के बाद
ब्रिटिश कोलंबिया के निर्माण क्षेत्र में 2024 में मामूली गिरावट देखी गई, जहां आवासीय वृद्धि का मुख्य कारण नवीनीकरण था, जो गैर-आवासीय परियोजनाओं में गिरावट की भरपाई नहीं कर सका। 2025-2034 के पूर्वानुमान में मध्यम आवासीय वृद्धि और गैर-आवासीय गतिविधियों में उतार-चढ़ाव की संभावना है। आवासीय निर्माण में रोजगार स्थिर रहेगा, जबकि गैर-आवासीय नौकरियों में…