Naru Menon’s Blog
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First-Time Homebuyer Tips: Here’s What You Need to Know
First-time homebuyers should prepare by budgeting for mortgage, taxes, insurance, and maintenance. Getting pre-approved for a mortgage clarifies affordability. Research local markets and factor in closing costs. Consider home inspections to avoid surprises. Decide between buying resale or building new, weighing costs and energy efficiency. Plan for future needs, resale value, and ongoing maintenance. Take…
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Why Bank of Canada May Delay Cuts
GDP ↓ 1.6% in Q2, mostly from weaker exports, while domestic demand stayed resilient and masked headline weakness. Consumer spending ↑ 4.5% and housing investment ↑ 6.3%, showing earlier rate cuts are supporting rate-sensitive sectors. Markets price 48% chance of a September cut, but pending labour and inflation data may delay action. Policy impact needs…
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Check out this new 4 beds-4 baths listing at 33 79 Morrey Unit 16, Burnaby
PREMIUM LOCATION | LOUGHEED TOWN CENTRE!Discover this beautiful, largest corner-unit townhome nestled in a quiet, well-maintained complex with low strata fees. Thoughtfully cared for, this spacious home offers a functional layout featuring 3 bedrooms and 2 bathrooms upstairs, plus a versatile lower-level bedroom with its own ensuite – perfect for guests, in-laws, or a private…
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Renfrew-Collingwood Offers Stable Investor Returns
Two-bedroom furnished rentals average $2,524, offering more affordable investment options. Steady rental activity supports consistent occupancy rates. Mid-range pricing allows investors to capture broader tenant demographic. Higher affordability per square foot attracts long-term renters. Investors can achieve stable cash flow with moderate risk exposure.
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Will British Columbia’s Market Regain Balance?
The Vancouver area still suffers from high prices and constrained supply, especially in core zones. Migration and immigration remain strong, supporting housing demand despite rate pressures. Suburban and exurban markets show more value-seeker activity compared with the downtown core. New-home starts remain elevated but delivery timelines and cost pressures limit oversupply. Outlook: Home values in…
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Your Complete Guide to Mortgage Basis Points
Basis points (BPS) are a key measurement in mortgage interest rates, representing 1/100th of a percentage point (0.01%). They help clarify small rate changes, which can significantly impact mortgage payments. For instance, a 25 basis point increase on a $300,000 mortgage can raise monthly payments by $42.94. Basis points are crucial for understanding shifts in…
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BC Rent Increase Capped at Just 2.3% by 2026
Slide 1: Renters, here’s some relief — B.C. just announced a 2026 rent cap of only 2.3%! Slide 2: That’s the second straight year rent hikes are tied directly to inflation, keeping increases fair and predictable. Slide 3: This year’s cap was 3%, so renters are catching a slight break amid rising living costs. Slide…
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BC सरकार ने किराए में राहत दिलाने में निभाई अहम भूमिका
BC में किराए की मांग कीमतों में दो वर्षों में 8.5% की गिरावट आई है, जिसमें Vancouver में कनाडा में सबसे अधिक 16.9% की कमी दर्ज की गई। Victoria अब कनाडा के सबसे महंगे किराए वाले शहरों में 19वें स्थान पर है, जहां पिछले वर्ष की तुलना में किराए में लगभग 7.5% की गिरावट आई…
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How Will Aging Canadians Shape Mortgage and Housing?
Slide 1: Canada’s aging population will rise to 21–23% by 2030, reshaping mortgage demands. Slide 2: Older Canadians face financial strain, while younger generations may support multigenerational households. Slide 3: Lenders must adjust policies, considering diverse income streams and multigenerational home needs. Slide 4: Reverse mortgages are likely to increase as retirees tap into home…
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Canadian Housing Resilient: Second Half 2025
Most Canadians (79%) report US tariffs aren’t influencing their homebuying plans for the remainder of 2025. Nearly half of Canadians surveyed have no plans to buy, keeping overall market sentiment steady but cautious. Some areas linked to export-dependent industries may face mild price pressure due to trade-related economic impacts. Overall housing demand is resilient, with…