Zanyar Farhadi’s Blog

Immigrants in Metro Vancouver tend to prefer living in the city, with 72% residing there. Safety, affordability, and access to public transportation are key factors that immigrants consider when choosing a neighborhood. Immigrants are more likely to prioritize living around people of the same ethnic group or country of origin compared to longtime residents.

Some sellers aim to profit by reselling pre-sale units they never intended to occupy. Difficulty in closing pre-sales can lead to discounted assignment sales. More assignments are entering the market than six months ago.

The Moderate Income Rental Housing Pilot Program (MIRHPP) was created in 2017 to provide affordable rental housing to households with annual incomes between $30,000 and $80,000. 16 projects with a combined total of 2,975 rental homes, including Molnar Group's Renfrew Apartments, have been approved under the MIRHPP stream. However, due to rent limits that do…

Vancouver plans to adjust its 2017 MIRHPP and Below-Market Rental Policy to stimulate affordable housing construction.Under MIRHPP, 16 projects with 2,975 rental homes were approved; only nine are in construction. The changes aim to help Vancouver reach its new target of nearly 29,000 homes by September 2028.

Metro Vancouver is proposing changes to its fee structure, which will widen the gap between housing haves and have-nots. This includes an increase to cost charges on new developments, and a shift to a more “growth pays for growth” approach, where most of the fees go towards new developments rather than existing households. This is…

Vancouver City Council approves a "missing middle" housing motion to encourage multiple dwellings on residential lots. The motion permits up to 6 homes on single-family lots and up to 8 homes on larger lots. Vancouver aims to reduce floor space requirements to encourage laneway homes.

The federal government has announced that it is providing Marcon Developments with $107.5 million in fully repayable low-interest loans through the Rental Construction Financing Initiative for a major secured purpose-built rental housing project in Vancouver's Oakridge area. This will enable Marcon to construct two towers with a total of 426 rental homes, including 215 market…

Despite rate hikes, Vancouver's avg prices remain stable. Fall market influenced by investors exiting due to rate hikes and rental increase limits, causing a significant market shift.Usual life events, not market frenzy, fuel property transactions in the fall, reflecting a balanced market.

Vancouver's Real Estate market is no longer at risk of a bubble, according to a global report. The Indexes show Vancouver's housing market has stabilized. Vancouver's housing prices shifted from bubble risk to “overvalued” due to a ↑~35% in prices and rising household debt.