Saeed Farahani’s Blog
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Vancouver launches new task force aimed at improving business conditions
The City of Vancouver is establishing a new task force to enhance business conditions amid global economic uncertainty. The Mayor’s Business Growth Task Force will include representatives from various sectors, including tech, finance, and tourism, along with former leaders. Mayor Ken Sim emphasized the need for actionable solutions to eliminate barriers and strengthen key industries.…
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48% Drop! Vancouver Housing Starts Plummet
Housing starts in Vancouver dropped 48% year over year due to declines in multi-unit and single-detached starts. Multi-family housing starts in Vancouver fell significantly, contributing to the overall decline in construction activity.
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بریتیش کلمبیا سرعت برنامه مسکن بزرگ خود را در سالگرد یک‌ساله تبلیغ می‌کند
دولت بریتیش کلمبیا اولین سالگرد برنامه مسکن BC Builds خود را با آغاز ساخت یک ساختمان اجاره‌ای ۱۷۹ واحدی در North Vancouver که تنها در ۱۴ ماه توسعه یافته بود، جشن گرفت. وزیر مسکن، راوی کالون اعلام کرد که ۱۴۰۰ خانه در حال ساخت هستند و نزدیک به ۲۵۰۰ خانه دیگر در مراحل اولیه توسعه…
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Strategies for Your Retirement Savings Plan
A TFSA offers tax-free growth and withdrawals, allowing income splitting with family members. An RRSP is a tax-deferred retirement plan with tax-deductible contributions and taxable withdrawals. Strategies include in-kind contributions and RRSP loans. Maximizing RRSP contributions is vital for those in higher tax brackets. After age 71, contributions to a Spousal RRSP or TFSA are…
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Mid-Q1: Home Sales Down 11.7% in Vancouver
Greater Vancouver home sales in February 2025 totaled 1,827, ↓ 11.7% yearly.Sales were ↓ 28.9% below the 10-year seasonal avg, indicating a slower Real Estate market.
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West Point Grey Gets 571 New Rental Homes!
Vancouver council approves a 571-unit rental project in West Point Grey, revamping a long-vacant $96M site. The development includes two towers of 19 and 21 stories, plus a new grocery store and commercial space.
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Is Metro Vancouver’s Housing Market Heading for Stability?
Metro Vancouver home sales ↓ 11.7% in February, totalling 1,827 transactions. New listings ↑ 10.9% yearly to 5,057, pushing total active listings ↑ 32.3% to 12,744.
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Vancouver’s Housing Foundation is Firmer than Toronto’s
The GTA housing market, particularly its condo sector, is experiencing significant weakness, with falling prices and a supply glut. In contrast, the GVA market has shown more resilience, with less impact from interest rate hikes and a more stable affordability backdrop. While both markets began 2025 sluggishly, the GVA is better positioned to outperform the…
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Vancouver: Elite Real Estate That Never Sleeps
Vancouver’s market boasts some of the highest housing costs in Canada, commanding premium prices. Three-bedroom homes average $1,550,000, with a modest annual increase of 1.0%.
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What Signals That Vancouver’s Housing Foundation Is Firm?
The GVA remains more resilient than the GTA, with fewer housing issues and stronger construction growth. Purpose-built rental construction in Vancouver outpaces the GTA, supported by government incentives.
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