Naru Menon’s Blog
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Is Canada’s Housing Market Headed for a Soft 2026?
Canada’s housing market will see modest activity in 2026, with no major rebound expected. Prices remain weak in key markets, leaving buyers cautious and many waiting for further declines. Sellers face challenges, as supply still outpaces demand, giving buyers the upper hand. Recovery will vary regionally: Atlantic provinces see rising prices, while Ontario, BC, and…
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Stabilization for British Columbia Housing Market in 2026
Price trends stabilize as higher supply and affordability constraints temper rapid appreciation. Sales activity gradually recovers from slower periods driven by borrowing-cost sensitivity. Investor participation moderates while end-user demand remains steady in core markets. Rent pressures ease slightly as new supply enters urban centers. Market conditions reflect gradual normalization rather than sharp price swings.
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More Rental Options Open Up Across B.C.’s Major Markets
Vacancy rates in major British Columbia cities rose in 2025, with Greater Vancouver reaching its highest level in over 30 years due to slower population growth and outflows of non-permanent residents. Vancouver's purpose-built rental vacancy was 3.7%, with rents rising modestly. Victoria's vacancy hit its highest since 1999 at 3.3%, with rent growth accelerating. Increased…
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When Will Canada’s Housing Recovery Strengthen?
National home sales are projected to rise in 2026, fueled by lower borrowing costs. Price growth will remain uneven, with certain urban areas continuing to experience softness. Small condos without parking are expected to remain difficult to sell across major markets. Millennials and first-time buyers will drive demand but continue facing affordability barriers. Market recovery…
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Three things to know about getting a mortgage if you’re self-employed
Self-employed homebuyers can secure loans but must provide more documentation, such as two years of tax returns, profit and loss statements, and IRS Form 4506-T. Maintaining a good credit score and separating business from personal finances is crucial. Business write-offs that reduce reported income may affect mortgage qualification. With proper planning and organization, self-employed individuals…
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Canada: Is 2026 the Market’s Turning Point?
CREA notes that early-2025 uncertainty — including tariff-related disruptions and economic hesitation — temporarily slowed buyer activity, especially in higher-priced regions like Ontario and BC. 2025 average prices are projected at $676,705 (↓1.4%), with weakness in BC/Ontario offset by expected ↑4–8% gains in several mid-priced provinces. National sales are forecast to rebound to 509,479 in…
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6 Tips to Improve Your Credit Score Before Your First Home Mortgage
Improving your credit score before applying for a mortgage can save you thousands in interest. Key steps include correcting errors on your credit report, reducing and consolidating credit card balances, keeping credit utilization below 30%, using credit cards responsibly, paying bills on time, and avoiding new credit applications. You can access free annual credit reports…
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Are Mid Fall Property Values Stabilizing Nationwide?
Canada’s housing prices are flat again in October — second straight month. Single‑family home values softened: townhouses −1%, semis −2%, condos −6%. Detached markets stalled too — no more resilience beyond September’s strength. Since 2005, Canadian property values have more than tripled — but lately, things are stabilizing. National numbers mask surprising regional strength —…
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Are “Good Rates” About to Wake Real Estate?
Slide 1 Rates finally sit in a “good place,” but buyer confidence hasn’t fully bounced back yet. Slide 2 Canada’s nine rate cuts brought major relief, yet affordability still challenges first-time buyers nationwide. Slide 3 Lower borrowing costs usually boost sales, so stronger buyer activity could show up early next year. Slide 4 A recession-triggering…
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Can 2026 Bring Steady Gains in BC?
High-demand urban neighbourhoods and select suburban corridors expected to lead gains in 2026, driven by employment hubs and limited available listings. 2026 projected avg price $968,141, ↑1.8% indicating moderate growth as supply slowly adjusts to increased market activity. 2026 projected sales 80,342, ↑12.6% reflecting a return of delayed demand and renewed buyer confidence. Market recovery…