Saeed Farahani’s Blog
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Office conversions on the rise, trophy offices all the rage in Vancouver
Tenants are increasingly favoring newer office buildings as employers adapt workspaces post-pandemic, according to a report from Avison Young. The demand for premium office space in Vancouver remains strong, with sublease vacancy rates significantly reduced. The downtown vacancy rate has dropped to 15.3%, and AAA office space availability has decreased to 12.2%. The report also…
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Has housing in Vancouver improved since the last federal election?
Housing remains a top concern for Vancouver residents, with prices rising since 2021. Detached home prices increased from $1.7M to over $2M, while apartment prices also rose. Sales have dropped, but listings and market time have increased. A Royal LePage survey shows 60% of British Columbians say housing policies will influence their vote, especially younger…
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Vancouver Office Space Demand Continues to Rise
Vancouver’s office market expanded by nearly 3.8 million square feet since 2020, marking a surge. The downtown vacancy rate dropped to 15.3% in Q1 2025, down from a high of 27% in 2023.
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Vancouver’s Slowest Growth: Just 2.5% Forecasted by Q4!
Vancouver saw a modest 0.7% home price drop as uncertainty hits buyer confidence. Condo values fell 1.7% to $765,500, while detached homes climbed 0.6% to $1.76M.
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Rental Market Pressures Grow in Metro Vancouver
Housing completions rose 23% in 2024, but new housing starts dropped 15%, raising future supply concerns. Purpose-built rentals made up 37% of starts and 31% of completions—highest rental construction in two decades.
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پروژه‌های چندمنظوره به کاهش ریسک‌های مالی در شرایط تثبیت نرخ‌ها کمک می‌کنند
سازندگان به طور فزاینده‌ای بر پروژه‌های چندمنظوره که شامل فضاهای مسکونی، تجاری، اداری و صنعتی هستند تمرکز می‌کنند تا درآمد خود را متنوع و ریسک مالی را کاهش دهند. فروشگاه‌های مواد غذایی در بخش تجاری می‌توانند درآمد اولیه را تضمین کرده و به تأمین مالی پروژه کمک کنند. پروژه‌های جدید در Vancouver و Burnaby از…
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Happy Victoria Day
The holiday has been observed since 1845, as a celebration to honour Queen Victoria. The day unofficially signals the start of summer for many Canadians. It is celebrated with parades and fireworks in some cities. Sending our warmest wishes to everyone for a happy and peaceful long weekend.
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Vancouver home sales continue to slide as trade war concerns weigh on buyers
Home sales in Metro Vancouver fell 23.6% in April, marking the third consecutive month of below-average activity amid economic uncertainty and trade tensions. Active listings rose 30% to the highest level since 2019, easing price pressures. The composite benchmark price dipped 0.5% to $1,184,500. Detached homes are in a buyers’ market, while townhomes and condos…
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Vancouver Real Estate Sees Lowest Late-Q1 Sales
Vancouver home sales ↓ 13.4% in March 2025, totalling 2,091 sales compared to 2,415 in 2024. Sales were ↓ 36.8% below the 10-year seasonal avg, reaching the lowest March levels since 2019.
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BC Mountain Living Without Vancouver Price Tag
1. Kimberley – Alpine village charm with $500K homes 2. Revelstoke – Home prices ~50% of Vancouver 3. Golden – $450K homes near six national parks 4. Fernie – Historic coal town with $550K homes
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