Naru Menon’s Blog

First-time homebuyers in Canada should determine their budget, get pre-approved for a mortgage, and estimate upfront costs including down payment (5-20%), closing costs (2-4%), CMHC insurance if under 20% down, legal fees, land transfer tax, property tax, home insurance, and moving expenses. Building a real estate team and understanding the local market are crucial. Various…

Canada's housing market saw a subdued end to 2025 due to affordability issues, tariffs, and increased supply. Major cities like Toronto, Vancouver, Calgary, and Montreal experienced falling resales and price declines amid abundant inventory and economic uncertainty. Despite interest rate cuts, recovery remains slow, with home values expected to ease further as supply grows. Montreal…

Employees dislike commuting more than offices themselves, making Burnaby's central location in Metro Vancouver attractive for office space. Burnaby, expecting significant population growth, needs 3.2 million sq ft of new office space by 2051 to support over 22,000 jobs. Most new office space is tied to mixed-use residential projects, but recent development slowdowns and project…

2026 में बी.सी. में होमओनर ग्रांट की सीमा $2.075 मिलियन निर्धारित की गई है, जो 2025 की $2.175 मिलियन से कम है। इस मूल्य से अधिक के घरों को आंशिक ग्रांट मिल सकती है, जो मूल्यांकनित राशि के प्रति $1,000 पर $5 की दर से घटती जाएगी। कुछ क्षेत्रीय जिलों में बेसिक ग्रांट अधिकतम $570…

Most Metro Vancouver cities saw a sharp drop in average asking rents in December 2025, except Burnaby, which had a slight 0.1% increase for one-bedroom units. North Vancouver became the most expensive city for one- and two-bedroom units, surpassing Vancouver. Vancouver experienced the steepest annual rent decline at 7.9%. Rents have declined for 15 consecutive…