Naru Menon’s Blog
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Lower Mainland Property Values Stabilize in 2025
In 2025, over 1.1M properties in the Lower Mainland received updated property assessments. The total value of Lower Mainland property assessments increased slightly, from $2T to $2.01T.
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2025 BC Property Assessments: Key Changes & Trends
In 2025, British Columbia has 2.2M assessed properties, ↑ 1% yearly. The total value of BC Real Estate in 2025 is $2.8T, ↑ 1.5% yearly.
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Check out my new listing Address: 1677 LLOYD Unit #303, North Vancouver, British Columbia V7P0B1
Discover the ultimate blend of convenience and comfort in District Crossing, one of North Vancouver´s most sought-after complexes, crafted by the award-winning Qualex Landmark. This spacious 2-bedroom, 2-bathroom offers efficient living space, thoughtfully designed with no wasted areas. Perfect for first-time buyers, investors, or downsizers. kitchen with stainless steel appliances, ample cabinetry, and modern finishes.…
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Home Flippers Face New 20% Tax in BC
BC’s new 20% home-flipping tax takes effect January 1, 2025, targeting quick residential property sales. The tax applies to homes sold within 730 days of purchase, with a decreasing rate over time.
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Burnaby rents second-highest in Canada, despite nationwide decline
Rents in Canada have declined by 3.2% in 2024, the lowest in 17 months, but remain 16.8% higher than pre-pandemic levels. Burnaby ranks second for the highest rents in Canada, with one-bedroom apartments averaging $2,366 (down 9%) and two-bedroom apartments at $3,055 (down 3.1%). Overall, BC saw a slight rent decline of 0.5%, while Ontario…
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BC Vacancy Rates Climb, Rent Slows!
Vacancy rates rise as B.C. rental prices stabilize after years of record increases.Vancouver’s two-bedroom units average $2,314, much higher than Canada’s $1,447 national average rental price.
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Tax Tip Optimize BC Insurance Premium Payments
Verify with your accountant if your insurance premiums are paid tax-efficiently to optimize claims. Premiums are paid with after-tax dollars for non-incorporated individuals; benefits are non-taxable, and premiums are not deductible.
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Things Homeowners Should Check in Winter
Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.
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बी.सी. नए साल में घर-फ्लिपिंग टैक्स और आयकर छूट के साथ कदम रख रहा है
ब्रिटिश कोलंबिया में 1 जनवरी से नया 20% घर-फ्लिपिंग टैक्स लागू होगा, जिसका उद्देश्य निवेशकों द्वारा त्वरित संपत्ति बिक्री को हतोत्साहित करना है। प्रीमियर डेविड एबी ने मध्यम-आय कर कटौती की घोषणा की है, जिससे 2025 में $1,000 तक की छूट मिलने की उम्मीद है, और आने वाले वर्षों में और छूटें दी जाएंगी। हालांकि,…
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19 assessed values of Metro Vancouver landmarks and major sites
BC Assessment's 2025 property assessments highlight significant non-residential property values in British Columbia, often overshadowed by residential trends. Notable assessed values include Stanley Park at $3.649 billion, Queen Elizabeth Park at $455 million, and the University of British Columbia campus at $7.618 billion. Other key properties include Hastings Park/PNE valued at $1.2 billion, Canada Place…