Zanyar Farhadi’s Blog
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Downward Pressure Looms Over Vancouver Home Prices
The Bank of Canada’s rate cuts have yet to significantly lift housing markets from their slump. Inventories have increased with more sellers entering the market, giving buyers more decision-making time.
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Rents could exceed $7.5K in Vancouver, $5.6K in Toronto without massive spike in building
A study by Concordia University predicts that by 2032, average monthly rents could reach $7,500 in Vancouver and $5,600 in Toronto if current trends persist. To prevent this, housing supply must increase significantly, requiring development to be six times faster. Low vacancy rates are affecting supply and demand, and rents may only decrease when annual…
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Vancouver Shows Just How Much It Costs to Ban Apartments
Vancouver faces a severe housing crisis, exacerbated by exclusionary zoning that restricts apartment construction on over 75% of residential land. This policy deepens inequality, drives up costs, and leads to urban sprawl and pollution. Recent provincial efforts to reform zoning have been insufficient, and upcoming elections may threaten progress. Advocates are pushing for more inclusive…
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Mid-Q3 Vancouver Sales Down, Inventory Up
Despite two rate cuts, August sales ↓ 17.1% yearly in Greater Vancouver. Home prices held steady in August, with a benchmark of ~$1.2M, ↓ 0.9% monthly.
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More listings, fewer buyers: Vancouver home sales drop
GVA reports an increase in available properties but a decline in sales, putting pressure on housing prices in Vancouver, the least affordable city in Canada. Home sales fell 3.8% year-over-year in September, with 1,852 transactions, marking a 26% drop from the 10-year average. New listings rose by 12.8%, leading to a total of 14,932 active…
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Vancouver Housing Recovery Post Rate Cut
The Bank of Canada’s predicted rate cuts could lower rates by 1.50% in 2025, boosting housing affordability and buyer interest.A significant change in Metro Vancouver's housing market is expected as interest rates may drop soon.
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Check out my new listing Address: 1165 ESPERANZA DRIVE
?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…
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As Vancouver Office Market Dips, Developers Turn Their Attention To Hotels
New office construction in Canada has dropped to 4.2 million sq. ft., the lowest since 2004, according to a CBRE report. In Metro Vancouver, only 29,368 sq. ft. of new office space is under construction, none pre-leased. Developers are increasingly pivoting to hotel projects, with several conversions from office to hotel use approved in Burnaby…
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Check out my new listing Address: 23936 KANAKA WAY
NO STRATA FEES, which means NO STRATA RULES for this Executive style Row home, built by award-winning Foxridge Homes. This spacious and bright 4 bdrm plus bonus flex room/office offers a great layout, including a gourmet kitchen with quartz countertops, top-of-the-line stainless steel appliances (replaced in 2021) and deluxe cabinetry. Open concept living with main…
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Check out this open house Listing Address: 23936 KANAKA WAY
NO STRATA FEES, which means NO STRATA RULES for this Executive style Row home, built by award-winning Foxridge Homes. This spacious and bright 4 bdrm plus bonus flex room/office offers a great layout, including a gourmet kitchen with quartz countertops, top-of-the-line stainless steel appliances (replaced in 2021) and deluxe cabinetry. Open concept living with main…
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