Naru Menon’s Blog
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BC Offers Free Designs for Faster Housing
Free standardized designs now enable faster, lower-cost construction of small-scale, multi-unit housing in communities. Designs blend with neighborhoods, offering various roof shapes, finishes, and adaptable options for aging in place.
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What’s driving inflation in BC is housing prices
Premier David Eby stated that British Columbia has the fastest-growing economy among large provinces in Canada but acknowledged that more needs to be done to improve affordability for residents. He emphasized efforts to reduce permit times and increase investment while addressing issues like child care and insurance costs. Eby criticized federal immigration policies for contributing…
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Free B.C. Designs Speed up Housing Construction in 2024
The B.C. Provincial Government offers free standardized designs for small-scale, multi-unit housing and accessory units. Designs include seven concepts for multi-unit housing and three for accessory dwelling units, customizable to needs.
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Check out my listing Address: 202 9978 148 STREET
Welcome to your oasis at Highpoint Garden! This stunning concrete building boasts full rain screening, ensuring durability and peace of mind for years to come. Step into luxury with this spacious 2-bedroom, 2-bathroom unit. Two bedrooms at opposite ends for maximum privacy. One parking and One Storage Locker. New paint Indulge in resort-style living with…
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BC Builds 1,200 Homes for Middle-Class by 2027
BC Government to build 1,200 new rental homes for middle-class workers in Langley and Burnaby. BC Builds leverages underused land and loans with interest for affordable housing construction.
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BC Home Sales to Rise in H2 2024: Higher in 2025?
Home sales in BC are expected to rebound in the second half of this year and continue into 2025. BC MLS® residential sales are forecast to increase 4.4% to 76,300 units by year-end.
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Free standardized home designs aim to fast-track housing development in B.C.
B.C.'s Ministry of Housing has introduced free standardized home designs to expedite approvals and construction for small-scale, multi-unit housing projects on lots previously designated for single-family homes. The designs, based on adaptable "building blocks," comply with provincial building codes and can be customized for various lot sizes. The initiative aims to modernize local building styles…
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BC 2025 Forecast: Home Sales Will Rise by 10%
Avg home prices in BC are predicted to increase by 3.7% in 2025. By 2025, the avg home price in BC could reach $1,050,365.
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BC Outlines Inclusionary Zoning and Density Bonus
Bill 16 introduces new tools for local governments to proactively plan and support affordable housing. Inclusionary zoning allows local governments to require affordable housing in new developments without rezoning.
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How will the latest interest-rate cut affect B.C. mortgages and housing prices?
The Bank of Canada's recent interest rate cut to 4.25% may impact B.C. mortgages and housing prices, though its effects remain uncertain. Observers note a significant drop in home sales, with August sales down 26% in Metro Vancouver. The cut could encourage more buyers, particularly first-time buyers, by making mortgages more affordable. However, many may…