Zanyar Farhadi’s Blog
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Vancouver Plans 17 New Multi-Family Villages
Vancouver will transform 17 low-density residential areas into Villages, featuring low-rise multi-family housing for increased supply. Each Village, within 400 meters of retail streets, will permit buildings of 3 to 6 storeys.
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Interest Rate Cuts Could Revive Vancouver Market
Vancouver’s housing market sales ↓ 5.7% yearly, totalling 2,783 units in September. Despite improved affordability, buyers remain cautious, awaiting further interest rate reductions and increased inventory.
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Vancouver to Halve Multiplex Permitting Times by 2025!
Vancouver will cut multiplex permitting times by 50% through a streamlined process starting early 2025. This initiative aligns with the city's Permitting Improvement Program, speeding up approval of essential housing.
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Condo market slowdown underway in Vancouver, says report
The condo market in Vancouver and across Canada is facing a significant slowdown due to higher construction costs and reduced demand, exacerbated by the current interest-rate environment. Developers are struggling as many investors pull back, leading to a "grinding halt" in new condo projects. Pre-sale activity is low, and unsold inventory is accumulating. While larger…
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Here’s how much it costs to rent a one-bedroom apartment in Metro Vancouver this November
Four of Canada's top five most expensive cities for rentals are in Metro Vancouver. Average prices for newly listed one-bedroom, unfurnished units decreased slightly to $2,359 in November 2024. West Vancouver remains the priciest market at $2,896, followed by North Vancouver at $2,583 and Vancouver at $2,548. Surrey is the only city with average prices…
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Check out my new listing Address: 1838 EUREKA Port Coquitlam, British Columbia V3C5C1
Welcome to Harbourview Estates in the highly desirable area of Citadel Port Coquitlam – a fully updated open-concept home in an excellent family neighbourhood. Located close to great school catchment including French Immersion/AP Programs and quick access to highway and parks. Spacious bright kitchen, living and dining area boast high vaulted ceilings and nice gas…
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Vancouver Market: Buyer’s Market Ahead
With increased inventory and cooling prices, the market is expected to favour buyers into 2025. Residential sales are projected to remain low due to high borrowing costs and cautious buyer sentiment.
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Vancouver rents remain high above decreasing national prices
Average rents in B.C. have decreased by 3.4% compared to last year, with Vancouver still having extremely high rents. The national average asking rent in Canada is $2,152, marking the first year-over-year decline in three years. Despite the decrease, renting in Vancouver remains unaffordable, with one-bedroom apartments averaging around $2,700. Many residents are staying in…
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58,000 new homes now in the development pipeline or under review in City of Vancouver
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…
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Home Inspection Checklist Every Buyer Needs!
Roof Inspection – Look for signs of damage or aging – Conduct up-close assessments, not just visual checks – Ensure no unforeseen expenses post-purchase – Verify roof and structural warranties Foundation and Structure – Look for cracks, settling, or moisture infiltration – Assess structural integrity – Identify deferred maintenance issues early
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