Saeed Farahani’s Blog
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High Land Costs In Vancouver Pushing Condo Projects Out To Suburbs
Canada Housing and Mortgage Corporation's bi-annual report reveals a 4% increase in housing starts across major cities in the first half of 2024, totaling 68,639 units. However, Metro Vancouver experienced a decline due to slow sales and high financing costs, with population-adjusted starts dropping from 58.0 to 45.6 per 10,000 population. The decrease was mainly…
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Vivid Vancouver: Colorful Signs Mark New Projects
Vancouver's new developments are marked by bright blue and yellow signs promoting high-rise projects. Current projects often feature high-rises in areas with existing low-rise buildings, raising resident concerns.
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Investors Drive Profitable Trends in Vancouver Housing
Greater Vancouver sees strong demand from investors and move-up buyers in H1, with 5K buyers ready to purchase.Limited inventory boosts detached home prices; over 70% of Greater Vancouver sees value increases.
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Premier Eby sees fresh Vancouver housing project as model for all B.C.
A new housing development in Vancouver aims to provide 2,600 units on Indigenous land, with the provincial government covering 40% of the financing costs, totaling $672 million. Eligible buyers will finance the remaining 60% through 99-year strata leaseholds from three First Nations. The initiative targets first-time home-buyers and aims to make housing more affordable, with…
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The Impact of Vancouver Empty Home Tax
The Canadian housing market faces a severe imbalance, with supply lagging behind surging demand. Vancouver’s vacant home tax increased housing availability but did not spur new constructions or lower rents.
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Opinion: It’s a housing crisis. Why are cities like Vancouver still banning apartments in most areas?
Vancouver's housing crisis is worsened by zoning laws that ban new apartment buildings on most residential land, allowing them only in limited areas. This exclusionary zoning raises housing costs, displaces tenants, and contributes to urban sprawl and higher infrastructure costs. Recent provincial legislation permits small multiplexes but doesn't address the apartment ban. To address the…
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Vancouver Crash? Not With 21% Growth Predicted by 2028
Vancouver's housing prices will see slower growth over the next five years due to market factors. Urbanization and geographical constraints will continue to drive demand, but new mortgage regulations will stabilize prices.
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Easy Money Era Ends for Metro Vancouver
Vancouver property taxes rose by 7.5% this year, with another 7% increase expected in 2025. Cities relied on rising Real Estate prices and development fees to freeze property taxes, but market conditions changed.
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Check out my listing Address: 32822 2 AVENUE
Prime Development Opportunity in Downtown Mission! Unlock the potential of this multifamily zoned lot, perfect for development. Combine with 32834 2nd Ave to create up to 12 townhouses. The lot is already subdivided with 2 PID numbers. The existing home features 2 bedrooms, 2 bathrooms, and a finished walk-out basement. Enjoy updates that preserve its…
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Check out my listing Address: 32834 2 AVENUE
Explore the potential of this multifamily zoned lot, ready for development. Combine with 32822 2nd Ave to create up to 12 townhouses. Current Home Features: Charming Log Home Rancher with a cozy sunroom. Secluded end-of-street location for privacy. Spacious front porch and long driveway. 2-bedroom (formerly 3), 1-bathroom layout. Modern kitchen and bathroom updates. Inviting…
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