Zanyar Farhadi’s Blog
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Is a highrise boom coming to Vancouver’s East Hastings neighbourhood?
A proposal for three high-rise towers in Strathcona includes two rental towers of 38 and 39 stories and a 19-story social housing building. Residents express concerns about the scale being out of character with the neighborhood and the lack of infrastructure, particularly regarding parking. The city aims for 20% social housing in new developments, which…
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Federal Land in Metro Vancouver to Become Housing
Federal sites in Vancouver and Port Moody are identified for redevelopment into affordable housing. Both properties are near major transit lines, enhancing accessibility.
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Vancouver condo market shaped by investors who prefer smaller units
Investors are increasingly favoring smaller condo units in Vancouver and Toronto due to higher rent per square foot, as confirmed by a recent StatCan report. This trend has contributed to the shrinking size of condos over the years, with a significant portion of new units being less than 600 square feet. The study highlights that…
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Check out my listing Address: 1165 ESPERANZA DRIVE
?This is a lovely and recently updated 3-b, 3-bath home located in the peaceful New Horizons neighbourhood. The house features a beautiful kitchen, perfect for entertaining, with white cabinets, and s/s appliances. Adjacent to the kitchen, the family room boasts a charming wood-burning fireplace and French doors that open to a very private, fully fenced…
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Dramatic Turnaround Predicted for Metro Vancouver Housing Market
Millennial Demand Rising: Nearly 75% of millennials and Gen Z prioritize homeownership, driving future market growth.Surge in Sales Expected: Increased buyer activity is anticipated to reduce excess inventory, especially in multi-family markets.
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Check out my listing Address: 23936 KANAKA WAY
NO STRATA FEES, which means NO STRATA RULES for this Executive style Row home, built by award-winning Foxridge Homes. This spacious and bright 4 bdrm plus bonus flex room/office offers a great layout, including a gourmet kitchen with quartz countertops, top-of-the-line stainless steel appliances (replaced in 2021) and deluxe cabinetry. Open concept living with main…
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Downward Pressure Looms Over Vancouver Home Prices
The Bank of Canada’s rate cuts have yet to significantly lift housing markets from their slump. Inventories have increased with more sellers entering the market, giving buyers more decision-making time.
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Rents could exceed $7.5K in Vancouver, $5.6K in Toronto without massive spike in building
A study by Concordia University predicts that by 2032, average monthly rents could reach $7,500 in Vancouver and $5,600 in Toronto if current trends persist. To prevent this, housing supply must increase significantly, requiring development to be six times faster. Low vacancy rates are affecting supply and demand, and rents may only decrease when annual…
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Vancouver Shows Just How Much It Costs to Ban Apartments
Vancouver faces a severe housing crisis, exacerbated by exclusionary zoning that restricts apartment construction on over 75% of residential land. This policy deepens inequality, drives up costs, and leads to urban sprawl and pollution. Recent provincial efforts to reform zoning have been insufficient, and upcoming elections may threaten progress. Advocates are pushing for more inclusive…
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Mid-Q3 Vancouver Sales Down, Inventory Up
Despite two rate cuts, August sales ↓ 17.1% yearly in Greater Vancouver. Home prices held steady in August, with a benchmark of ~$1.2M, ↓ 0.9% monthly.
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