Naru Menon’s Blog
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How to prepare for the mortgage closing process
The mortgage closing process in Canada is the final step in buying a home, involving signing papers and paying closing costs to become the legal owner. To prepare, it can help to gather key financial documents, understand the terms and fees involved, and consider professional legal advice. Closing costs vary, but are often estimated as…
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Burnaby Rental Market Shows Yearly Declines in Early 2026
Total Avg: $2,505 Avg asking rent for a 1-bed: $2,144 % Change: ↓ 2.5% MoM, ↓ 7.6% yearly Avg asking rent for a 2-bed: $2,809 % Change: ↑ 0.6% MoM, ↓ 6.7% yearly
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Are Attached Homes the 2026 Winner?
Attached prices are forecast at $1,245,000, rising 1.1%, matching apartments for strongest projected price growth. Sales are forecast to increase to 5,400 units, a 10.4% jump, the fastest growth among all segments. This segment captures the largest share of incremental demand in H1 2026. Demographic trends and limited supply underpin relative outperformance. Attached homes represent…
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The Benefits of a Real Estate Career and How to Get Started
A real estate career offers flexibility, unlimited earning potential, and the chance to help clients with major financial decisions. Roles include brokers, who handle sales and manage agents, and leasing agents, who focus on rentals. Success requires licensing, ongoing education, and strong networking. With dedication, professionals can expand into property management, investing, or development, building…
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2026 Canada: Housing’s Bridge from Bad to Better
Slide 1 Real estate should follow a strong economy, not drive it. Slide 2 US tariff uncertainty may fade in 2026, easing major market pressure. Slide 3 BoC signals rates likely won’t drop further—sidelined buyers may enter spring. Slide 4 Translation: slower, healthier market with fundamentals, setting stage for strong 2027 recovery.
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Here’s how much it costs to rent a 1-bedroom apartment in Metro Vancouver in February
Average rent for newly listed unfurnished one-bedroom units in Metro Vancouver dropped to $2,069, down from $2,111 in January and $2,297 a year ago. Langley, Richmond, and West Vancouver saw decreases. West Vancouver remains the priciest at $2,423 for one-bedroom units, with furnished three-bedroom units averaging $5,194. Eastern areas like Surrey, New Westminster, and Langley…
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मजबूत आवास बाजार के लिए BCREA की सक्रिय पहल
ब्रिटिश कोलंबिया के आवास बाजार में बिना बिके नए घरों की संख्या 30 वर्षों के उच्चतम स्तर पर पहुंच गई है, खासकर अपार्टमेंट्स में, जिसका कारण कमजोर प्री-सेल्स और परियोजनाओं में देरी है। यह स्थिति 2008 के बाद के रुझानों की याद दिलाती है, जिससे भविष्य में आवास की कमी और 2032 तक मुद्रास्फीति-समायोजित घरों…
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Metro Vancouver Buyers Enjoy More Options in Expanding Market
Metro Vancouver's housing market in January 2026 saw a 30% drop in sales to 1,470 homes, while new listings surged to over 7,100, creating a supply-demand gap. Average days on market rose to 100, the highest recently, with sellers waiting longer for offers. Despite slower sales and more inventory, median prices dipped only 0.8% to…
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Could a 2026 Inflation Hike Spark a BoC Rate Cut?
Inflation slowed to 2.2%, gas dropped, food and home prices creep up slower. Weak economy signals could nudge BoC toward rate cuts this year. For Canada, inflation is forecast to average 2.5% this year. That’s not weak enough for the Bank of Canada to cut rates.
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Will Housing Stabilize in Greater Vancouver?
Vancouver housing remains soft, making it a buyers’ market in 2026. Price growth slows while smaller BC cities maintain stability. Condo demand influenced by remote work and urban lifestyle reconsiderations. Migration patterns shift as affordability drives buyers to mid-sized regions. Spring market expected to increase transactions without significant price rebound.