Saeed Farahani’s Blog

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.

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

Insulate pipes and maintain stable heating to prevent freezing and bursting during ice storms. Keep gutters, grates, and drainage systems clear to avoid ice buildup and potential water damage.

Vancouver’s housing market remains resilient despite 2025 economic challenges and the US-Canada trade war. As of March 2025, Home sales in Vancouver increased 21% yearly over the past three months.

1. West Vancouver: – Avg rent: $2,751/mo – Highest rental costs in Canada – Luxury housing demand 2. North Vancouver: – Avg rent: $2,675/mo – High demand due to proximity to downtown Vancouver

Vancouver plans to build thousands of market rental homes on city-owned land to address housing shortages. The first project includes two towers of 54 and 40 stories, offering 1,136 homes.

Vancouver’s housing market has shown strong growth, with home prices expected to reach $1.3 million by 2025. Buyer demand is on the rise, driven by millennials and Gen Z seeking urban living opportunities.

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.