Naru Menon’s Blog

BC's minimum wage ↑ 2.5% to $17.8/hour on June 1, 2025. BC currently has the highest minimum wage among Canadian provinces.

BCREA urges exemptions as strict rental rules hurt tourism, film, and healthcare across local economies. Tourism-driven towns lack hotel space, and over-reliance drives record-high nightly rates across Metro Vancouver.

What are your qualifications and how do you stay updated in financial planning? What is your investment approach and what services are included in your offering?

Home sales forecast revised to 482,673 for 2025, down from 8.6% growth projected in January. March sales dropped 9.3% yearly, marking the weakest March since 2009 amid rate and tariff uncertainty.

British Columbia home sales ↓ 14.6% yearly in April 2025 amid market cooling. Price declines in BC’s expensive markets signal a broader market correction underway

Home prices in Canada are projected to fall by 3.2% in 2025 due to economic uncertainty. TD Economics downgraded forecasts after weaker-than-expected sales and price declines in Q1 of 2025.

Canada’s national home price growth forecast for Q4 2025 was revised to 5%, down from the earlier 6%. Earlier predictions of price growth were altered due to global economic factors and upcoming elections.