Saeed Farahani’s Blog
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Toronto & Vancouver Real Estate Demand Is Amongst The Weakest In Canada
Canadian real estate markets began the year with weak demand, as indicated by the sales to new listings ratio (SNLR), which fell to 41.0% in January, the lowest since 2019. New listings surged, outpacing home sales significantly. While some smaller markets like Thunder Bay and Saint John showed stronger ratios, major markets like Greater Vancouver…
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Vancouver’s Retail Real Estate Market Stays Strong
Vancouver’s retail Real Estate market remains stable in 2025, with urban vacancy at 3.4% and suburban at 0.7%. New retail developments are limited, as ↓ 14% in housing starts restricts commercial space availability.
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Happy St. Patrick’s Day
St Patrick's Day is the day we all turn a bit Irish. 13 million pints of Guinness are consumed worldwide on St. Patrick's Day. Green is now the traditional color of St. Patrick's Day.
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Check out my new listing Address: 414 221 E 3RD STREET
Step into luxury with this beautifully maintained, spacious 1-bedroom, 1-bathroom suite offering stunning North-facing views. Enjoy an open-concept layout with large windows that flood the space with natural light. The sleek, modern kitchen features stainless steel appliances, a center island, quartz countertops, and a built-in pantry, perfect for any home chef. The generously sized bedroom…
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Downtown Vancouver Office Buildings Change Hands
Downtown Vancouver office buildings are changing ownership despite a slow commercial Real Estate market.A seven-story office building on Melville Street sold for $24M, reflecting shifting property values.
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Vancouver 2025: Recession May Dampen 14% Sales Growth
Predictions show a 13.9% sales increase for 2025, driven by lower borrowing costs in early 2025. A recession with job losses could shrink the buyer pool, leading to a decline in 2025 sales.
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Vancouver launches new strategy for market rental housing on city land
The City of Vancouver is launching a new initiative to increase market rental housing by collaborating with developers on city-owned land. The city will retain ownership of the land and act as landlord, targeting middle-income families with annual incomes between $90,000 and $194,000. The pilot program will start with five sites, including a project at…
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Leasehold vs. Freehold in Metro Vancouver
A leasehold grants the right to occupy a property for a fixed period but not land ownership. A freehold provides full ownership of both the property and land with no time restrictions.
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Vancouver unveils new plan for market rental housing on municipal land
The City of Vancouver is advancing a new strategy for market rental housing through the Rental Housing on City-owned Land – Public Benefits Pilot Rezoning Policy, proposing developments at Pacific and Hornby streets. The Vancouver Housing Development Office (VHDO) aims to deliver market rental housing while generating non-tax revenue. The initiative includes plans for 54-…
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Tips for First-Time Home Buyers in Vancouver
Vancouver Market: – Expensive market, $1.5M+ homes – Bidding wars common – Pre-approval essential in tight market First-Time Buyer Assistance: – Withdraw $60K tax-free from RRSP – $1,500 rebate with Tax Credit – Save $40K via First Home Savings
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