Zanyar Farhadi’s Blog
-
How Much It Costs to Live in Vancouver
Vancouver is ranked the priciest city in Canada, with high housing and living costs. A one-bedroom apartment averages $2,675, and a home costs around $1.2 million in Vancouver.
-
Vancouver on track to meet provincial housing targets
The City of Vancouver's first Annual Progress Report shows that the development pipeline is on track to meet provincial housing targets. From October 2023 to September 2024, 4,143 new housing units were completed, achieving 80% of the year-one target. With 58,100 units in development, projections exceed the five-year target of 28,900 units. Vancouver leads in…
-
Metro Vancouver Buyers to Benefit From Rate Reduction
The BoC has cut its key interest rate significantly to stimulate the economy. This reduction marks the fourth consecutive cut, aligning with falling inflation rates of 1.6%.
-
Check out this open house Listing Address: 1838 EUREKA Port Coquitlam, British Columbia V3C5C1
Welcome to Harbourview Estates in the highly desirable area of Citadel Port Coquitlam – a fully updated open-concept home in an excellent family neighbourhood. Located close to great school catchment including French Immersion/AP Programs and quick access to highway and parks. Spacious bright kitchen, living and dining area boast high vaulted ceilings and nice gas…
-
Check out my listing Address: 750 DOGWOOD Unit #505, Coquitlam, British Columbia V3J4B7
Welcome to Kira! This stylish 2-bedroom, 1-bathroom condo features a fitness center, community garden, and rooftop lounge. The suite boasts a bright and airy living/dining room, laminate flooring, and carpeting in the bedrooms. It includes HRV energy-efficient heating, 9-foot ceilings, a sleek kitchen with a 5-burner gas stove, and large windows equipped with "Wood-style 2"…
-
Vancouver Plans 17 New Multi-Family Villages
Vancouver will transform 17 low-density residential areas into Villages, featuring low-rise multi-family housing for increased supply. Each Village, within 400 meters of retail streets, will permit buildings of 3 to 6 storeys.
-
Interest Rate Cuts Could Revive Vancouver Market
Vancouver’s housing market sales ↓ 5.7% yearly, totalling 2,783 units in September. Despite improved affordability, buyers remain cautious, awaiting further interest rate reductions and increased inventory.
-
Vancouver to Halve Multiplex Permitting Times by 2025!
Vancouver will cut multiplex permitting times by 50% through a streamlined process starting early 2025. This initiative aligns with the city's Permitting Improvement Program, speeding up approval of essential housing.
-
Condo market slowdown underway in Vancouver, says report
The condo market in Vancouver and across Canada is facing a significant slowdown due to higher construction costs and reduced demand, exacerbated by the current interest-rate environment. Developers are struggling as many investors pull back, leading to a "grinding halt" in new condo projects. Pre-sale activity is low, and unsold inventory is accumulating. While larger…
-
Here’s how much it costs to rent a one-bedroom apartment in Metro Vancouver this November
Four of Canada's top five most expensive cities for rentals are in Metro Vancouver. Average prices for newly listed one-bedroom, unfurnished units decreased slightly to $2,359 in November 2024. West Vancouver remains the priciest market at $2,896, followed by North Vancouver at $2,583 and Vancouver at $2,548. Surrey is the only city with average prices…
Got any book recommendations?