Zanyar Farhadi’s Blog

Finding affordable housing in Vancouver has become an impossible dream for many due to the high cost of housing. This has led to a situation where those hoping to rent or buy are struggling to find housing within their budget, and those on the minimum wage are left with few options. The Canadian Centre for…

Commuting preferences influence housing choices and pricing trends in Metro Vancouver. Factors like traffic volume and commute time affect the "psychological return on investment" for homebuyers. COVID-19 led to a shift to suburban and rural areas, causing rising home prices in cities like Langley and Abbotsford.

The federal government is investing $208 million to build 422 purpose-built rental units across three projects in Vancouver's River District. The funding comes from the Rental Housing Finance Initiative (RCFi), a Canada Mortgage and Housing Corp. (CMHC) rental financing program. The announcement was made by Harjit Sajjan, minister of emergency preparedness and the minister responsible…

In July 2023, Vancouver home sales jumped nearly 30% compared to the same month in 2022, with a total of 2,455 units sold. The MLS Home Price Index composite benchmark price for all residential properties also rose to $1,210,700, up 0.5 per cent over last year, and detached homes had a significant rise in sales…

Rental prices in Metro Vancouver have ↑ $352 yearly, for the 4th consecutive month. Rental prices in Metro Vancouver have ↑ $352 yearly, for the 4th consecutive month. Increased demand for rental housing may drive prices up further during the summer.m.

Vancouver's budget outlook for 2024–2028 calls for an avg annual property tax increase of 9%. The increase aims to balance the budget, but could burden homeowners with an additional $116/yr for a median strata property. The need for increased property taxes is driven by: Higher fixed costs Previous initiatives Rising operational expenses