Zanyar Farhadi’s Blog

  • Rebound forecast in multifamily rental sales: CBRE

    Rebound forecast in multifamily rental sales: CBRE

    Stabilized interest rates in 2024 are expected to boost deal-making in the multifamily sector, particularly in Vancouver and Victoria, following a decline in 2023. Private investors are the main buyers, but public real estate trusts are becoming more active. Government and non-profit agencies are likely to buy older properties, while newer buildings attract due to…

  • Happy Family Day

    Happy Family Day

    In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights. Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town. Take advantage of this wonderful time of year to reinforce your family bonds. Wishing…

  • Check out my sold listing Listing Address: 707 651 NOOTKA WAY

    This is a fantastic opportunity to own a bright and spacious 2-bedroom, 2-bathroom home at "Sahalee" in Klahanie, built by Polygon. With 813 sq ft of living space and an additional 40 sq ft covered balcony, this home faces northeast, providing plenty of natural light. Residents have exclusive access to the 15,000 sq ft "Canoe"…

  • Metro Vancouver ‘toughest’ rental market in Canada, says CMHC

    Metro Vancouver ‘toughest’ rental market in Canada, says CMHC

    High immigration levels and mortgage prices are causing would-be homebuyers to remain in rental units in Metro Vancouver. The region has one of the lowest vacancy rates in Canada, with an average turnover rate for rental units decreasing. Factors such as population growth and rising mortgage rates are keeping downward pressure on vacancy rates, making…

  • Metro Vancouver Home Prices, Sales Expected to See Uptick in 2024

    Metro Vancouver Home Prices, Sales Expected to See Uptick in 2024

    Inflation is no longer an immediate threat, and bond markets anticipate over 1.00% interest rate cuts. REBGV expects ↓ 0.50% in the BoC policy rate, forecasting robust spring and summer markets with increased sales activity.

  • Vancouver’s Downtown Office Bucks National Trend: Vacancy in Decline

    Vancouver’s Downtown Office Bucks National Trend: Vacancy in Decline

    Vancouver’s office market has taken a step closer to stability as the overall national office market picture remains challenging.In 2023, tenants absorbed 292K sq ft, dropping downtown vacancy to 11%.

  • Happy Valentine’s Day

    Happy Valentine’s Day

    Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was…

  • Vancouver Experiences Fourth Consecutive Rent Decrease

    Vancouver Experiences Fourth Consecutive Rent Decrease

    Vancouver's one-bedroom rent has fallen for the fourth consecutive month, dropping 1.1% to $2,700.Two-bedroom rents in Vancouver have also declined, decreasing by 2.8% to $3,890 during this period.

  • Vancouver Renters Find Relief in Late-Q4

    Vancouver Renters Find Relief in Late-Q4

    Asking rents for apartments in Vancouver ↓ 0.7% yearly to $3,059. 1-bed apartment rent: ↓ 5.8% MoM but ↑ 4% yearly to $2,700

  • Happy Lunar New Year

    Happy Lunar New Year

    恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…

Got any book recommendations?