Zanyar Farhadi’s Blog

Vancouver's net new home completions for the first year of the provincial Housing Targets Order fell short by 26%, totaling 4,143 units against a target of 5,202. This includes 3,745 rental homes, 1,457 ownership homes, and 104 supportive housing units. City staff anticipate a significant increase in completions over the next five years, projecting 33,700…

?This is a lovely and recently updated 3-b, 3-bath home located in the peaceful New Horizons neighbourhood. The house features a beautiful kitchen, perfect for entertaining, with white cabinets, and s/s appliances. Adjacent to the kitchen, the family room boasts a charming wood-burning fireplace and French doors that open to a very private, fully fenced…

Housing market activity in the Lower Mainland declined in September, with home sales at 2,783 units, down 5.7% year over year. Despite lower mortgage rates, many buyers are waiting for further rate reductions and increased inventory. New listings rose 14% from last year, pushing total inventory above 22,000 units. Average home prices fell 2.4% year…

Both Calgary and Vancouver reported strong home sales in October, indicating a potential revival in the housing market following recent interest rate cuts. Vancouver saw a 27.2% increase in seasonally adjusted sales from September, with year-over-year sales up 31.9%. Calgary's sales rose 9.4%, driven by demand for higher-end properties. Despite rising sales, Vancouver's benchmark price…

The Vancouver office market is experiencing a recovery, with investment volume rising significantly in the first half of 2024, reaching nearly $685 million, compared to just $69 million in the second half of 2022. Despite a high office vacancy rate of 10.4%, experts believe leasing activity will improve as the economy stabilizes and interest rates…

Home sales in Greater Vancouver surged 31.9% in October compared to last year, indicating a potential rebound following the Bank of Canada's interest rate cuts. There were 2,632 sales, just 5.5% below the 10-year average, with 5,452 new listings, up 16.9% from last year. The total listings reached 14,477, 26.2% above the average. In the…

Welcome to Kira! This stylish 2-bedroom, 1-bathroom condo features a fitness center, community garden, and rooftop lounge. The suite boasts a bright and airy living/dining room, laminate flooring, and carpeting in the bedrooms. It includes HRV energy-efficient heating, 9-foot ceilings, a sleek kitchen with a 5-burner gas stove, and large windows equipped with "Wood-style 2"…