Naru Menon’s Blog

A BC housing project was designed to help middle-income buyers, but many violated program terms. Nearly a third of units were sold to buyers who owned other properties or didn’t reside in their units.

BC home sales remained sluggish in September, with over 1K residential units sold, down from August. Sales were down by 140 units compared to August and less than 0.5% compared to September 2023.

The BC Real Estate Association urges housing tax reform to enhance affordability and fairness before the election.British Columbia has some of the highest housing taxation levels, significantly impacting housing costs since 2016.

British Columbia faces a housing challenge, with high prices and low supply affecting residents significantly.The province is simplifying processes for adding secondary suites and offering renter tax credits to help.

Roof Inspection – Look for signs of damage or aging – Conduct up-close assessments, not just visual checks – Ensure no unforeseen expenses post-purchase – Verify roof and structural warranties Foundation and Structure – Look for cracks, settling, or moisture infiltration – Assess structural integrity – Identify deferred maintenance issues early

Short-term rental restrictions in British Columbia have significantly reduced available listings. New rules limit rentals to hosts' primary residences and certain property types since May.

Tenant advocates warn of potential rent hikes as landlords face renewed mortgage costs in British Columbia. Landlords can exceed the annual rent cap of 3.5% if refinancing costs increase due to interest rates.