Zanyar Farhadi’s Blog
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Check out my listing Address: 1165 ESPERANZA Coquitlam, British Columbia V3B6A6
?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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Opinion: Vancouver housing market may be in limbo as sales lag, prices slip
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…
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Vancouver Investors Opt for Smaller Condo Units
Vancouver has seen a notable increase in smaller condo units over recent years. Investors significantly shape Vancouver's condo market by preferring smaller units for higher rental yields.
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Calgary and Vancouver housing sales rise suggesting buyers ‘finally’ responding to rate cuts
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…
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Vancouver office market at ‘turning point’ as investment recovers
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…
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Vancouver-area home sales surge in October amid lower borrowing costs
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…
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Check out my listing Address: 505 750 DOGWOOD STREET
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"…
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Vancouver Home Sales Decline 3.8% in Late-Q3
Home sales in Vancouver ↓ 3.8% in September compared to last year. 1,852 residential homes were sold in Vancouver during September, 26% below the 10-year avg.
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Vancouver looks to help religious groups build affordable housing
Vancouver City Hall is considering a plan to assist faith groups in building affordable housing. A motion from Coun. Rebecca Bligh aims to streamline the redevelopment process for churches and religious organizations that own tax-exempt land. Bligh highlighted the need for these groups to contribute socially while managing their properties. Support from local faith leaders…
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Metro Vancouver: Declining Sales and Rising Listings in Late-Q3
Home sales in September: – Fraser Valley: ↓ 10% yearly to 982 sales – Greater Vancouver: ↓ 4.1% yearly to 1,834 sales Inventory levels have increased: – Fraser Valley: ↑ 17% yearly to 3,352 – Greater Vancouver: ↑ 12.8% yearly to 6,144
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