Zanyar Farhadi’s Blog
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Vancouver rents dip for second year, report finds
Average rents in Vancouver decreased in December, with a one-bedroom apartment costing $2,512, down 7% from last year, and a two-bedroom unit averaging $3,430, a 6.3% drop. Overall, the average rent across all property types was $2,882, a 6% decline year-over-year. The national average rent was $2,109, marking a 17-month low. Increased supply and weakened…
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Vancouver’s Homebuying Surge Continues in Mid-Q4
Greater Vancouver sales: 2,166 homes ↑ 27.6% yearly Fraser Valley sales: 1,136 homes ↑ 27.5% yearly Listings & Active Inventory Greater Vancouver: 3,725 new listings ↑ Total active listings: 13,245 ↑ Fraser Valley: 2,637 new listings ↑ Total active listings: 8,125 ↑
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Metro Vancouver considering reducing fees for new rental housing
Metro Vancouver Regional District is considering waiving or reducing development fees for new affordable rental housing projects. This policy could increase the number of affordable units by 281 to 361 annually from 2025 to 2034 and lower rents by 4% to 4.4%. A broader waiver might boost below-market rental units by 5.3% to 6.7%. However,…
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Things Homeowners Should Check in Winter
Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.
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Check out my listing Address: 1838 EUREKA AVENUE
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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Metro Vancouver Housing Trends: Detached vs. Condo Living
A new survey reveals over 40% of Metro Vancouver residents prefer single-family homes. Preferences for single-family homes vary by income and frequency of moving in recent years.
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Vancouver court case exposes cracks in B.C.’s approach to fast-tracking housing
B.C.’s housing minister is determined to push for local approval of new housing projects despite a recent court ruling deeming provincial legislation unconstitutional regarding a supportive housing project in Vancouver's Kitsilano. The ruling, celebrated by local opposition groups, criticized the government's attempt to bypass judicial review. While the province plans to continue its housing initiatives,…
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World’s Best Cities: Vancouver
Vancouver faces challenges with limited hotel and residential spaces, driving up rental prices. Many hotels converted to social housing during the pandemic, reducing the availability of accommodations for tourists.
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Vancouver’s Proposed 2025 Budget
A 5.5% increase aims to support operational costs and renew aging utility infrastructure critical for housing. Significant investment in utility services, including sewerage connections, supports the housing sector’s long-term sustainability.
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ABC Vancouver looks to set property tax hike at 3.9 per cent for 2025
Mayor Ken Sim announced a 3.9% property tax increase to balance Vancouver's $2.36 billion budget, significantly lower than previous hikes. The increase includes 1% for infrastructure and will result in average annual increases of $54 for condos, $149 for single-family homes, and $286 for business properties, alongside an 18.2% rise in utility fees. The budget…
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