Naru Menon’s Blog

Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!

Easter is a Christian holiday that celebrates the belief in the resurrection of Jesus Christ.However, according to many theologians, Easter originally began before the arrival of Christianity.It is believed that Easter is named after the Anglo-Saxon goddess of the dawn and spring, known as Eostre.Examples of Easter traditions include Easter eggs and related games such…

Home sales surged by nearly 30%, reaching 3,979 transactions in January 2024. Average home price rose over 10% to $957,909 compared to the previous year.

British Columbia Real Estate Association released its 2024 First Quarter Housing Forecast Update last month. Decline in mortgage rates and potential Bank of Canada rate cuts expected to revitalize housing market in 2024.

Advocate proposes higher taxes on house-wealthy to address housing crisis. The proposal aims to cut income taxes for low-to-middle-income earners.

The New Westminster Tenants Union suggests altering provisions in the Residential Tenancy Act to prevent most no-fault evictions in British Columbia. They propose that landlords with two or more units cannot evict tenants without cause, aiming to protect renters from bad faith evictions and increase consumer rights. Continue to full article

Nowruz is a 3,000-year-old festival, making it one of the oldest in the world. Haft-Sin is a Nowruz table, featuring 7 symbolic items, all beginning with "sin" and representing different aspects of life. Nowruz celebrated by over 300M worldwide, including Iran, Afghanistan, Tajikistan, Uzbekistan, Azerbaijan, and many more. Nowruz is a time for forgiveness and…

Consumers in Ontario and British Columbia are struggling with missed payments on mortgages and credit cards due to higher interest rates and inflation. Mortgage delinquency rates have soared in these provinces, surpassing pre-pandemic levels. Financially stressed homeowners, especially younger ones, are facing challenges in making payments, with mortgage renewals leading to payment shocks. Total consumer…

Homeowners in specific BC areas with residential properties must declare their usage by March 31st. Who to declare: – Anyone owning property in areas subject to the tax, even if exempt. Purpose: – Combat housing speculation and increase available homes.