Zanyar Farhadi’s Blog

Reliance Properties plans to build a mixed condo-office tower at 902 Davie St. in Vancouver. The tower will include condos, retail space, and office space. The company believes there will be a shortage of new office space in the market in the coming years. Construction costs have increased due to the pandemic, but interest rate…

Leaseholders in a Vancouver building are facing a sudden increase in maintenance costs, causing panic among residents, especially seniors on fixed incomes. The private owner issued a $25,000 special assessment per unit, leading to financial strain. These leasehold arrangements lack oversight and fall outside existing legislation, affecting around 20 buildings and 4,000 residents. Residents are…

There was a significant increase in new home listings in Metro Vancouver in February 2024, with a 31% rise year-over-year. The total number of homes listed for sale also increased by 16.3% compared to the previous year. The benchmark price for all home types in the area saw a 4.5% year-over-year increase. Continue to full…

Number of units sold: 746, ↑ 30.6% yearly Active listings: 3,746

Sales Revival: Residential transactions surge by 36.9%. Inventory Boost: New listings rise by 14.5%, active listings by 4.1%.

Nowruz is a 3,000-year-old festival, making it one of the oldest in the world. Haft-Sin is a Nowruz table, featuring 7 symbolic items, all beginning with "sin" and representing different aspects of life. Nowruz celebrated by over 300M worldwide, including Iran, Afghanistan, Tajikistan, Uzbekistan, Azerbaijan, and many more. Nowruz is a time for forgiveness and…

Rent Soars in Metro Vancouver, But Langley Shines BrightDespite a national slowdown, Metro Vancouver bucks the trend, with February showing a $12 jump.

The Province of British Columbia introduced new housing and development legislation, including Bill 35, Bill 44, and Bill 47. Concerns arise about local governments handling the changes simultaneously. Municipalities like Vancouver and Surrey are working to implement the legislation, facing challenges and uncertainties. Continue to full article

Metro Vancouver's January 2024 home sales ↑ 38.5% yearly but remained 20% below the seasonal avg. Despite a quiet December, 1,427 homes were sold in January, ↑ MoM from 1,345.