Blog

Naru Menon’s Blog

  • Home sale trend stabilizing in June

    Home sales in Metro Vancouver showed signs of recovery in June 2025, with a 9.8% year-over-year decline, halving May's drop. New listings rose 10.3%, and total active listings increased 23.8%. The sales-to-active listings ratio was 12.8%, indicating balanced market conditions. The MLS® Home Price Index benchmark price fell 2.8% to $1,173,100, with detached, apartment, and…

  • How to Get Your Property Sale-Ready in 5 Steps

    How to Get Your Property Sale-Ready in 5 Steps

    Enhance curb appeal: A well-maintained exterior creates trust and attracts buyers from the moment they arrive. Declutter and depersonalize: Remove personal items to allow buyers to imagine themselves in the space.

  • What to Expect From BC’s 2026 Housing Market?

    What to Expect From BC’s 2026 Housing Market?

    Home sales in B.C. are expected to decline by 5.0% in 2025. A strong rebound of 19.5% in sales is forecasted for 2026 as confidence returns.

  • How to Know if a Home Fits Your Lifestyle?

    How to Know if a Home Fits Your Lifestyle?

    Research local schools even if you don’t have kids — they influence home values. Consider internet availability and speed, especially for remote work or streaming needs.

  • Rental prices continue to drop across Metro Vancouver

    Rents in Metro Vancouver dropped 5.9% to an average of $2,830, with shared rents falling nearly 10%, driven by increased apartment supply, slower population growth, and economic uncertainty. North Vancouver remains Canada's priciest rental market at $2,620 for a one-bedroom. Despite recent declines, national rental prices have risen 12% over the past three years. Continue…

  • हाउसिंग टारगेट्स से 16,000 से ज्यादा नए घर बने, नई प्राथमिकता वाली कम्युनिटी जोड़ी गई

    प्रांत और नगरपालिकाओं ने प्राथमिकता वाली कम्युनिटी में 16,130 नए घर बनाए हैं, जिससे जनसंख्या बढ़ोतरी और घरों की मांग को पूरा किया जा रहा है। अब चौथे ग्रुप में Burnaby और Richmond जैसी कम्युनिटी को भी टारगेट दिया जाएगा ताकि घरों का निर्माण तेज़ हो सके। प्रगति रिपोर्ट्स दिखाती हैं कि कई नगरपालिकाएं मंजूरी…

  • BC Urged to Rebalance STR Rules

    BC Urged to Rebalance STR Rules

    New short-term rental laws restrict hosts to one principal home and one secondary suite. Tourist towns face accommodation shortages ahead of summer as hotel capacity nears its limit. The 3% vacancy exemption rule is too strict for most tourism-dependent communities to qualify. Proposed changes include exemptions for film, healthcare, strata hotels, and local zoning flexibility.…

  • BC Housing Market Set to Reignite in 2026

    BC Housing Market Set to Reignite in 2026

    Sales Dip Expected: MLS® home sales in BC forecast ↓ 1.1% in 2025 due to tariff uncertainty; rebound ↑ 8.8% expected in 2026. Price Trends: Average BC home price projected ↓ 0.9% to $972,800 in 2025, before ↑ 3.2% to $1,004,000 in 2026.

  • BC Rents Drop: But 3-Beds Tell Another Story!

    BC Rents Drop: But 3-Beds Tell Another Story!

    B.C.’s average rents fell 2.6% to $2,462. Province-wide apartment rents fell 1.0% to $2,483 yearly

  • Homebuyers hold back in Greater Vancouver, while Fraser Valley sees modest bump

    In May 2025, Greater Vancouver Realtors (GVR) saw a 26% rise in active listings and a 18.5% year-over-year drop in sales, indicating a balanced market with stable prices but a buyer's edge in single-family homes. Fraser Valley Real Estate Board (FVREB) experienced a 13% sales increase from April but remained below last year, with a…