Naru Menon’s Blog
-
Delta, Metro Vancouver project to add new rentals faster
The regional district emphasizes that technology and off-site construction can lower construction costs and expedite rental housing delivery. A proposed six-storey rental development in Ladner aims to provide 78 market rental units and includes various parking spaces. Another application for an 81-unit building is also in progress, requiring an OCP amendment. Metro Vancouver is developing…
-
More than 40 per cent of Metro Vancouver residents prefer single-family homes, survey finds
A Metro Vancouver survey shows that over 40% of homeowners prefer single-family homes, influenced by income and relocation frequency. However, there's a mismatch between desired housing types and available options due to limited land and a shift towards higher density living. The survey, involving 3,000 long-term residents, categorized households as "stickers," "movers," or "bouncers," highlighting…
-
What’s Ahead for Greater Vancouver’s Housing Market in 2025?
Home prices are expected to rise by 7%, with the average reaching $1,383,501. Strong demand and limited supply will maintain a seller’s market.
-
How Is BC’s Commercial Market Faring?
British Columbia's commercial market faced financing obstacles, with tight lending and high office vacancies slowing activity. Interest rate cuts by the Bank of Canada fuelled optimism for recovery in the market.
-
Selling in 2025? 6 Must-Haves for Your Home
Updating your kitchen with quartz countertops and smart appliances significantly enhances resale value. Adopting a neutral color palette makes your home more appealing to potential buyers and feels modern.
-
Check out this open house Listing Address: 24439 112A Maple Ridge, British Columbia V2W0H4
Welcome to this stunning south-facing home built by Epic Homes in the desirable Montgomery Acres community of Cottonwood. This property features numerous upgrades, including air conditioning, glass railings, and a fully finished legal suite with a recreation room. The functional layout includes 3 spacious bedrooms upstairs, with the option to add a fourth, a bright…
-
BC Housing Market Recovering With Strong Early-Q4 Sales
BC recorded 7,119 residential sales in October 2024, ↑ 33.5% increase yearly. After a high-interest rate pause, buyer activity surged in BC during October, signalling a recovery.
-
Check out my new listing Address: 24439 112A Maple Ridge, British Columbia V2W0H4
Welcome to this stunning south-facing home built by Epic Homes in the desirable Montgomery Acres community of Cottonwood. This property features numerous upgrades, including air conditioning, glass railings, and a fully finished legal suite with a recreation room. The functional layout includes 3 spacious bedrooms upstairs, with the option to add a fourth, a bright…
-
BC Faces Housing Crisis Amid Stagnant Construction
BC's housing starts are at a decade-low, with projections at 7.5 units/1K people in 2024. Factors like high land costs, construction costs, and interest rates are limiting housing growth in BC.
-
BC: Claim 5% Back on Eco-Friendly Retrofits!
The Clean Buildings Tax Credit offers B.C. residents 5% refunds on energy-efficient retrofits before April 1, 2026. Upgrading to energy-efficient windows and doors minimizes heat loss, lowers energy bills, and enhances year-round comfort.