Zanyar Farhadi’s Blog
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Federal government supports 146 affordable homes in Vancouver
The Hastings-Sunrise neighbourhood in Vancouver will soon see the construction of 146 new affordable homes for seniors, families, and people with disabilities through the Sunrise Village project. This initiative is a collaboration among various government levels and Brightside Community Housing, with funding totaling over $56 million. The project will replace an aging building and is…
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Rent or Own? The Path to Owning Your Home
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.
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Vancouver home sales slid 5% in July, compared to year ago
Calgary home sales fell 10% year-over-year, with 2,380 properties sold in July. The benchmark price for all home types was $606,700, nearly 8% higher than last year. The Calgary Real Estate Board noted that while there is a struggle with lower-priced home supply, increased options in new and resale markets are stabilizing price growth. In…
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Vancouver Sets Goal of 83,000 New Home Approvals by 2033
The City of Vancouver disagrees with the provincial government's method of tracking new housing supply. Vancouver prefers tracking approvals (when permits are granted) instead of completions (when homes are built).
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Vancouver Slips in Global Liveability Rankings
The liveability index shows Vancouver dropping from 5th to 8th place, attributing this decline to the housing shortage. Vancouver's overall livability score was 96.6 out of 100.
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The price has reduced for this Listing, check it out Listing Address: 605 4134 MAYWOOD STREET
Experience living at PARK AVENUE TOWERS – a well-maintained concrete high-rise in the heart of Metrotown with resort-like amenities next to Central Park, a golf course, tennis courts,Crystal Mall and steps away from the SkyTrain. This renovated 2-bedroom, 1-bath corner unit features a large covered balcony with sunrise views. The building offers unbelievable amenities including…
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New interest rate will not impact Vancouver housing market
Bank of Canada's interest rate cuts may not significantly impact the housing market. Lower interest rates could lead to better mortgage rates, but home prices are unlikely to decrease much due to high demand. First-time buyers still need a substantial down payment. Home prices are expected to remain stable in 2024 but could rise in…
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Land Deals in GVA on Hold as Developers Remain Cautious
Land sales in Metro Vancouver are slow due to high financing costs and developers waiting for better deals. Developers are looking for land priced well below market value to account for potential future difficulties.
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Check out my listing Address: 605 4134 MAYWOOD STREET
Experience living at PARK AVENUE TOWERS – a well-maintained concrete high-rise in the heart of Metrotown with resort-like amenities next to Central Park, a golf course, tennis courts,Crystal Mall and steps away from the SkyTrain. This renovated 2-bedroom, 1-bath corner unit features a large covered balcony with sunrise views. The building offers unbelievable amenities including…
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Office space conversions on the rise in Vancouver
Vacancy rate in Metro Vancouver rises to 9.7% in the second quarter of 2024, marking a second consecutive increase. Vancouver's downtown struggles with a 10.8% vacancy rate, while suburbs have 8.4%. Office space under development decreased from 6.2 million to 1.1 million square feet, with a shift towards residential or hotel conversions mid-construction. National office…
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