Zanyar Farhadi’s Blog

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 square ft of living space and an additional 40 square ft covered balcony, this home faces northeast, providing plenty of natural light. Residents have exclusive access to the 15,000 square ft "Canoe"…

Vancouver City Council considers allowing up to 6 strata or 8 rental units on single-family lots. The proposal aims to reduce the size of new detached houses, lowering the maximum floor area ratio (FAR) from 0.7 to 0.6, ↓ 14%. This reduction aims to discourage replacing detached houses with larger ones and promote building more…

Metro Vancouver's fee changes intensify housing affordability issues, impacting both current and new residents. The plan is to shift fees to new developments by 2026. Existing homeowners benefit with minimal fees, while new residents bear 99% of costs.

In October 2023, rent in Vancouver has increased significantly, with the average rent for a two-bedroom apartment reaching $3,908, a 0.7% increase month-over-month and 11.1% year-over-year. Combined with other expenses, the annual amount for a single person in BC is $63,240, leaving little to nothing for a single person with an average salary of $63,087.…

Metro Vancouver's housing market saw price fluctuations this year. Detached: ↑ 5.8% yearly, ↓0.1% MoM to $2M Apartment: ↑5.8% yearly, ↓0.2% MoM to $769K Attached: ↑5.3% yearly, ↓0.5% MoM to $1.1M Low inventory due to high mortgage rates drove up prices in spring and summer.

The rental market in Vancouver is competitive and expensive, with recent renters paying an average of $2,000 for a two-bedroom unit and existing renters paying $1,500. Renters, especially those under 34, are more likely to be living in unaffordable housing than owners. With rising interest rates, homeownership is becoming increasingly difficult to attain and competition…

The Canada Mortgage and Housing Corporation’s (CMHC) newly released data shows that the number of housing starts in Canada’s six largest metropolitan areas increased by only 1% over the first half of 2023 compared to the first half of 2022. Vancouver and Toronto dominated the housing starts, with 58% of the total being apartments, driven…

The “eleventh hour of the eleventh day of the eleventh month" of 1918 that signaled the end of World War I. On this day we honour those who have sacrificed so much to keep our flag flying high. Remembrance Day Salute to all heroes, and thank you for your service.

The Government of Canada has invested $48.5 million for the construction of 104 purpose-built rental homes for residents of Vancouver through the Rental Construction Financing Initiative. This project is fully leased and was completed in June 2021. It is LEED Gold certified and is connected to the False Creek Neighbourhood Energy Utility. The project was…

The City of Vancouver must catalyze the completion of 28,900 new additional homes over the next five years, as mandated by the Government of British Columbia’s Housing Supply Act. This target order is four times higher than the next highest target order, held by the City of Abbotsford. The order includes 8,015 ownership homes and…