Saeed Farahani’s Blog

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.

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.

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

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.

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.

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.

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.