Zanyar Farhadi’s Blog
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Vancouver’s Rental Prices Fall: What’s Behind It?
Vancouver remains Canada's most expensive rental city, with an average rent of $2,896 per month. Vancouver's rental prices declined 5.2% annually, reflecting a broader softening in the market.
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Check out my new listing Address: 552 W 25TH North Vancouver, British Columbia V7N2G3
This custom-built, multi-level home in a quiet cul-de-sac in Upper Lonsdale, North Vancouver, offers great value. The main floor features new floorings in the living and dining rooms, along with an open-concept kitchen, family room, and eating area that leads to a deck and yard, ideal for summer entertaining. The upper level has three bedrooms…
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Vancouver Resale Market: 8.8% Sales Surge
Vancouver’s resale market started strong in Early-Q1 2025, with an 8.8% yearly increase in home sales. New listings surged by 46.9%, bringing the total active listings to 11,494, significantly above the 10-yr average.
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Data points to signs of improvement in lower-tier office space
Calgary is showing improvement in B and C-class office vacancies, with a notable reduction from 31.4% to 25.4% year-over-year. The city implemented conversion and demolition incentives to revitalize its downtown market, resulting in nearly 133,000 square feet of positive net absorption. Other cities like Edmonton, Saskatoon, and Regina also reported declines in vacancies. In contrast,…
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Metro Vancouver Board Explores Cost-Cutting Measures
Metro Vancouver board reviews cost-cutting options amid financial strain while aiming to keep rates affordable.Proposed cuts include zero waste programs, housing funds, and emissions regulations, but not board salaries yet.
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Leasehold vs. Freehold in Metro Vancouver
A leasehold grants the right to occupy a property for a fixed period but not land ownership. A freehold provides full ownership of both the property and land with no time restrictions.
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Vancouver home sales fall as market conditions more balanced in February
Home sales in the Vancouver area fell last month, with 1,827 transactions recorded, marking an 11.7% decrease year-over-year and 28.9% below the 10-year seasonal average. New listings rose to 5,057, a 10.9% increase from February 2024. Market conditions are now balanced, with homebuyers potentially benefiting from improved borrowing conditions due to an anticipated Bank of…
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Tips for First-Time Home Buyers in Vancouver
Vancouver Market: – Expensive market, $1.5M+ homes – Bidding wars common – Pre-approval essential in tight market First-Time Buyer Assistance: – Withdraw $60K tax-free from RRSP – $1,500 rebate with Tax Credit – Save $40K via First Home Savings
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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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Vancouver council approves pause on supporting housing projects
Vancouver's council has approved a temporary halt on new supportive housing projects, disappointing B.C.'s Housing Minister, who emphasized the importance of such housing for vulnerable populations. The city aims to focus on renewing existing housing and transitioning temporary units to permanent homes. The pause excludes housing for seniors, families, and health-related needs. Critics argue this…
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