Zanyar Farhadi’s Blog
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BC government orders City of Vancouver to add 29,000 homes over the next five years
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…
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New Listing: 68 17712 60 AVENUE
Popular Clover Park Gardens Complex?!! Central location across from Fraser Downs & Casino, walk to shops and transit. This is a Hard to find unit that is Perfect for not only a 1st time buyer but also makes an excellent rental as well for investor since both Rentals and pets are allowed in complex.? Spacious…
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Solutions for Tackling Vancouver’s Affordable Housing Crisis
Metro Vancouver is facing a severe shortage of affordable housing, with long waitlists and rising costs affecting households of all income levelsTo address the housing crisis, experts suggest: 1- Replacing exclusionary zoning with by-right zoning to permit density for affordable homes. 2- Simplifying and adding predictability to the approvals process to reduce risks and delays.
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Condo Price Dynamics in Metro Vancouver
Prices seemed steady yearly, but had significant fluctuations within the year. Condos will sell if priced right; Langley and Port Moody attract sub-$600k buyers. Upfront homeownership costs deter potential buyers, impacting the market.
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Factors Affecting the Condo Market in Vancouver
High living costs and stagnant earnings strain household budgets. Inflation dampens national condo buying activity. Stress test and higher borrowing costs reduce condo market share in key markets.
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‘Vancouver Plan’ aims to accelerate new housing in B.C.’s biggest city
The mayor of Vancouver has proposed a seven-point motion to reduce barriers and streamline regulations to create more homes in the city in order to address the housing crisis. The plan includes increasing housing density around transit hubs, speeding up a plan for 26 villages in the city, and increasing enforcement of short-term rental regulations.…
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Happy Halloween
Halloween falls on October 31 because the ancient Gaelic festival of Samhain, considered the earliest known root of Halloween, occurred on this day. In the eighth century, Pope Gregory III designated November 1 as a time to praise all saints. Soon, All Saints' Day incorporated some traditions of Samhain and the evening before was known…
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Vancouver Approves Multiplex Housing Plan With Mixed Reactions
Vancouver city council has approved zoning changes to allow multiplex homes in low-density residential neighbourhoods. The plan permits up to 8 rental units on large lots or up to 6 strata units per lot, aiming to address the need for missing middle housing. Supporters praise the plan to increase housing inventory and provide diverse housing…
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Vancouver Proposes Rent Increases for Moderate Income Rental …
Vancouver city staff are proposing an increase in the rates for moderate income rental housing to address the city's affordable housing shortage. The proposal has been met with criticism from former city councillor Jean Swanson, who believes it is an attempt for developers to make more money. City councillors are debating alternative solutions to support…
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New Listing: 3482 WALES AVENUE
Explore this executive-style custom-built home on a quiet Cul-De-Sac in the heart of Burke Mountain. This house is one-of-a-kind. Upon entry, you will be greeted by a grand interior double staircase, a 20ft high ceiling and magnificent south views of the valley, an open floor plan with a bright kitchen, dining, family room, formal living,…
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