Zanyar Farhadi’s Blog

Canadian avg asking rent ↑ 9.3% yearly to $2,188 in Early-Q2. Annual growth rate in rent accelerated to 8.8%, with ↑ 0.3% MoM.

To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…

Vancouver agrees to build 670 affordable rental homes in False Creek North. Housing types include studios, one, two, and three-bedroom units.

Home sales in Greater Vancouver increased 3.3% yearly, but sales remain below the 10-yr avg in Early Q2. The number of homes listed for sale surged 42.1% yearly, exceeding 12K for the first time since summer 2020, representing a 16.7% increase above the 10-yr seasonal avg.

North Vancouver City was included in a list of 20 municipalities designated for provincial housing targets. Historically, this list has targeted slow-approvers of new housing density.