Naru Menon’s Blog
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Why Appreciation Rate Matters in Real Estate
Appreciation rate is the annual percentage increase in a property’s value over a specific time period. It’s a critical metric for Canadian homebuyers and investors evaluating long-term property performance. Key drivers include location, infrastructure, economic trends, interest rates, and housing market supply and demand. Appreciation may be market-driven or forced through property upgrades like renovations…
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Canada’s Rent Inflation Set to Drop to 3% by End of 2025
Canada’s rent inflation expected to cool to 3% by end of 2025, driven by disinflationary forces. Economic stagnation and job market slack reduce demand, causing hidden deflation despite rising rents
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Credit Scores Key to 2025 Housing Trends
In 2025, stronger credit profiles support a more stable housing market compared to the 2000s. Buyers with higher credit scores access lower rates, more loan choices, and smoother approval processes. Today’s buyers are generally more financially qualified, raising competition and reinforcing market resilience. Good credit can save thousands annually by unlocking better mortgage terms amid…
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Where Metro Vancouver Rentals Are Cooling Fast
North Vancouver priciest for 5th month; 1-bed avg. $2,630 in July, ↑1.2% MoM, ↓3.1% YoY. Vancouver 1-bed avg. $2,513, ↓1.0% MoM, ↓9.5% YoY; 2-bed avg. $3,488, ↑0.5% MoM, ↓7.1% YoY. Coquitlam 1-bed avg. $2,328, ↓0.8% MoM, ↓0.5% YoY; 2-bed avg. $2,940. Burnaby 1-bed avg. $2,288, ↓11.6% YoY; National rents ↓3.6% YoY.
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What’s Behind Bc’s Real Estate Price Adjustment?
BC’s real estate prices have fallen. The province is experiencing a moderate market correction after record highs. Declines reflect changing buyer demand and affordability pressures within BC. The market remains expensive but is adjusting toward more sustainable levels. BC buyers are adapting to evolving conditions in a shifting market.
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Burnaby Rent Drops 7% in Mid-Summer
Burnaby rents ↓ 7.6% yearly for one-bedroom unfurnished units by July 2025. All major Burnaby neighborhoods posted rent declines, including Central and South Slope. Central Burnaby saw the steepest drop at ↓ 16.1% over the past year. Even busy Metrotown rents fell over ↓ 9% yearly in July 2025. Falling rents reflect shifting demand and…
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4 Things to Do With the Equity in Your Home
The Canadian real estate market has seen significant price increases, especially in Vancouver and Toronto, enhancing home equity for many. This has led to a rise in home equity loans, with homeowners using their equity for renovations or debt consolidation. Home equity can also act as a retirement fund, encouraging older Canadians to downsize. Options…
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Smart Strategies For Canadians – Building Wealth Without Breaking The Bank
Canadians can improve their financial future by adopting strategies like creating a detailed budget, diversifying investments, and using tax-efficient accounts such as RRSPs and TFSAs. Financial literacy is crucial for informed decisions on saving, investing, and debt management. Effective saving strategies include maintaining an emergency fund and using high-interest savings accounts. Leveraging government programs can…
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Check out my listing Address: 41 19696 HAMMOND ROAD, Pitt Meadows BC V3Y 0G7
Welcome to Bonson by Mosaic – a modern, move-in ready home in one of Pitt Meadows´ most sought-after family-friendly neighborhoods! Less than 5 years old and still covered under the 5-10 year home warranty, this beautifully maintained 3-bedroom,3-bathroom townhome features 10-foot ceilings, oversized windows that flood the space with natural light, new laminate flooring on…
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GVA Real Estate Cools, but Not Equally
Vancouver leads Canada in $/sq.ft. for homes and condos. West End homes avg. $1,110/sq.ft.; downtown condos avg. $1,206/sq.ft. Downtown condo prices ↓ 4.59%, West End homes ↓ 4.39% from previous year. Burnaby house prices ↓ >12%, attributed to investor sell-offs. B.C. sales expected to slow in August as buyers take more time.