Zanyar Farhadi’s Blog
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The price has reduced for this Listing, check it out Listing Address: 216 10788 NO. 5 ROAD
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Metro Vancouver Breaks Records With Construction Boom
Metro Vancouver saw a record 33,000 homes built, up 28% from 2022, challenging housing shortage beliefs.Not all areas in Metro Vancouver saw equal construction; some municipalities had below-average starts.
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Check out my listing Listing Address: PH609 53 W HASTINGS STREET
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Vancouver’s Sales Decline Amid Rising Inventory
Home sales in Greater Vancouver ↓ 4.7% from March 2023, with 2,415 transactions recorded. Total sales were ~33% lower than the 10-yr avg, indicating a notable decline in market activity.
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Check out my listing Listing Address: 505 12069 HARRIS ROAD
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Check out my listing Listing Address: 3482 WALES AVENUE
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Vancouver Homeownership Costs Reach Crisis Levels
A new RBC report says buying a home in Vancouver is at "full-blown crisis levels". 106.4% of median income was needed to afford home ownership in Vancouver at the end of 2023.
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Home Seller Activity in Greater Vancouver Region Up
Home seller activity in Greater Vancouver ↑ 23% yearly in March 2024. However, the number of sales ↓ 5% yearly to 2.3K and < than the 10-yr avg.
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Affordable rental development underway in Vancouver’s Little Mountain neighbourhood
An affordable rental housing development in Vancouver's Little Mountain neighborhood is finally underway after 15 years. The 48-unit building will offer various housing options, a childcare facility, and a community plaza. The project aims to create an inclusive neighborhood with housing for all income levels. Continue to full article
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Metro Vancouver’s Inclusionary Housing: A Patchwork of Progress
New Policy Impact: – Metro Vancouver's new housing policy has created 9,200 below-market rental homes, mainly by private developers. Inconsistent Application: – Inclusionary housing policies vary across the region, lacking uniformity.
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