Naru Menon’s Blog
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Rental Market Trends in Burnaby, BC
As of March 2025, the average rent in Burnaby, BC is C$2,048/month, with prices ranging from C$1,823 to C$3,191 based on location and size. Over the past year, rent has decreased by 0.8%, equating to an average reduction of C$15 per month. Continue to full article
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B.C. “Well-Positioned” Despite Tariff Uncertainty
B.C.’s economy is well-positioned to handle potential U.S. tariffs, thanks to its diverse industries and investment opportunities.Private-sector forecasters expect steady economic growth, with real GDP projected to grow by 1.9% in 2025.
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Happy St. Patrick’s Day
St Patrick's Day is the day we all turn a bit Irish. 13 million pints of Guinness are consumed worldwide on St. Patrick's Day. Green is now the traditional color of St. Patrick's Day.
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British Columbia’s Mortgage Services Act: What’s Changing?
The Mortgage Services Act (MSA) will fully replace the Mortgage Brokers Act (MBA) in 2025. In 2025, the BCFSA will regulate mortgage services, introducing new licensing and compliance standards.
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2025 Starts Strong: BC’s Residential Sales Climb 6.4%
In Early-Q1 2025, British Columbia saw a 6.4% yearly increase in residential unit sales. The average residential price in BC decreased by 1.0% to $949,560 in Early-Q1 2025.
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How to Use BC’s Land Owner Transparency Registry
British Columbia's real estate market has a hidden history of financial crime, prompting urgent transparency reforms. Want to uncover hidden property ownership? The registry helps identify real owners behind corporations and numbered companies.
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New BC Tax Targets Short-Term Property Sales
New BC tax imposes up to 20% on home sales within 730 days, reshaping real estate investments. This legislation aims to slow quick resales to support housing affordability.
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Sell Luxury Homes Faster With These Tips!
How to sell luxury real estate? Market knowledge, the right agent, and staging are essential for success. Why hire a luxury agent? They have market expertise and a network to maximize your sale.
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Sellers return to the market in Metro Vancouver
Metro Vancouver's housing market is off to a strong start in 2025, with new listings up nearly 47% year-over-year. Residential sales reached 1,552 units in January, an 8.8% increase from January 2024, but still 11.3% below the 10-year average. The market is shifting towards balanced conditions, with a sales-to-active listings ratio of 14.1%. The benchmark…
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Essential Legal Tips for First-Time Homebuyers
Hire a Real Estate Lawyer Early: Secure legal guidance to review documents and avoid costly mistakes in your home purchase.Understand the Agreement: Thoroughly review the Agreement of Purchase and Sale to ensure compliance and protect your interests.