Saeed Farahani’s Blog
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Two Metro Vancouver cities hold on to title as Canada’s costliest places to rent
Rent prices in Canada have generally declined year-over-year, but Vancouver and Burnaby remain the priciest cities for renters. Vancouver's median rent is $2,520 for one-bedroom and $3,450 for two-bedroom units, while Burnaby's median rents are $2,300 and $2,900, respectively. Declines are driven by increased supply, slower population growth, and cautious renters due to high living…
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Metro Vancouver: Furnished Rentals Break Price Records
Metro Vancouver now holds the top five spots for the most expensive rental cities in Canada. The avg rent for a furnished one-bedroom in Metro Vancouver reached $2,491 in April 2025.
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Vancouver’s Rental Popularity Takes a Big Dip
Vancouver's rental demand has declined, ranking 23rd out of 25 Canadian cities in renter popularity. Despite seasonal trends and rising suburban interest, Vancouver remains a top choice for lifestyle and scenery seekers.
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Vancouver Housing Starts Collapse
Vancouver saw a 59% drop in March housing starts, driven primarily by a sharp decline in multi-unit construction activity. This follows February’s 48% yearly drop, revealing a prolonged downward trend in new residential construction
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Vancouver’s Construction Costs Skyrocket: Why?
Vancouver has the highest construction cost ranges across the country, particularly for residential buildings. Concrete high-rise buildings in Vancouver cost $360 to $455 per sq. ft, higher than other cities.
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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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