Naru Menon’s Blog

  • Key Insights From BC Renters Amid Housing Crisis

    Key Insights From BC Renters Amid Housing Crisis

    Housing Policies Influence Voting: 81% of respondents say housing policies are critical in their election choices. Housing Policies Influence Voting: 81% of respondents say housing policies are critical in their election choices.

  • अपने भविष्य का मालिक बनें: घर को खरीदने के लिए आपका स्टेप-बाय-स्टेप गाइड

    कई कैनेडियन लोग घर खरीदने की प्रक्रिया को तनावपूर्ण और निराशाजनक पाते हैं। शुरू करने के लिए, डाउन पेमेंट और टैक्स और शुल्क जैसी अन्य खर्चों के लिए बचत करें। TD की मोर्टगेज अफोर्डेबिलिटी कैलकुलेटर जैसे उपकरणों का उपयोग करके अपना बजट निर्धारित करें। विकल्पों को जानने के लिए मोर्टगेज के लिए पूर्व-मंजूरी प्राप्त करें।…

  • Time to Update B.C.’s Property Transfer Tax

    Time to Update B.C.’s Property Transfer Tax

    B.C.'s property transfer tax (PTT) is outdated, with rates unchanged since its 1987 introduction. Originally a “luxury tax,” the PTT now affects nearly all home sales due to inflated property values.

  • Will Rate Cut Revive B.C. Real Estate?

    Will Rate Cut Revive B.C. Real Estate?

    Increased Sales: Early-Q4 saw a significant boost in home sales across B.C. despite flat numbers in Late-Q3.Rate Expectations: Experts expect a 0.5% cut, which could slightly increase market activity.

  • Buyers remain cautious to begin the fall market

    Home sales in Metro Vancouver declined 3.8% year over year in September 2024, totaling 1,852 sales, which is 26% below the 10-year seasonal average. New listings increased by 12.8% to 6,144 properties. The total active listings rose by 31.2% to 14,932. The sales-to-active listings ratio is 12.8%, indicating potential downward pressure on prices. The benchmark…

  • B.C. Construction: $159.6B and Counting

    B.C. Construction: $159.6B and Counting

    The construction industry in British Columbia significantly influences the Real Estate market dynamics. Current construction project values have risen to $159.6B, reflecting a 39% increase over 5-yr.

  • Burnaby sees a pretty big drop in average asking rent

    In October, Burnaby saw a notable drop in average asking rents, making it the second-most expensive city in Canada. Vancouver remains the most expensive, with one-bedroom rents at $2,610, down 1.5% from September and 9.1% year-over-year. Two-bedroom units in Vancouver also decreased to $3,430. In Burnaby, one-bedroom rents fell to $2,398, while two-bedroom rents increased…

  • वास्तुकला बाजार को समझना

    खरीदारों और विक्रेताओं के लिए वास्तुकला बाजार के टिप्स में आर्थिक स्थितियों, ब्याज दरों और जनसांख्यिकीय प्रवृत्तियों को समझना शामिल है। खरीदारों के लिए: एक बजट तय करें, मोहल्लों का अनुसंधान करें, एक वास्तुकला एजेंट को संलग्न करें, और विस्तृत जांच करें। विक्रेताओं के लिए: सही मूल्य तय करें, कर्ब एपील को बढ़ावा दें, घर…

  • Average asking rents for Burnaby homes have fallen — again

    Rent prices in Burnaby have decreased, with a one-bedroom averaging $2,398, down 9.4% from October and 3.8% from September. A two-bedroom averages $3,062, showing a slight increase of 0.3% from September but down 8.4% from 2023. Vancouver remains higher, with one-bedroom rents at $2,610. The report indicates that rent declines are primarily in larger cities,…

  • New Tax Plan to Benefit Most BC Households in 2025

    New Tax Plan to Benefit Most BC Households in 2025

    Over 90% of British Columbians will benefit from proposed annual tax relief starting in 2025. The plan exempts $10K of income from taxes, reducing over $1K for most households.