Saeed Farahani’s Blog
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Vancouver CRE: Vacancy Decline Signals Upturn for 2025
Changes in interest rates are anticipated to boost activity in sales and leasing in the latter part of the year. CBRE’s Real Estate market outlook predicts rate cuts by June 5, aiming for a 4% policy rate by year-end.
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Vancouver Homebuyers Required Lower Income in Early-Q1
Early-Q1 2024 avg home price: $1,161,300 – Stress test rate: 7.71% – Mortgage rate: 5.71%
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Vancouver doesn’t have an empty house problem, it has an empty bedroom problem
Vancouver faces an empty bedroom problem due to decades of planning decisions. Lot sizes haven't adjusted as households shrank and prices rose, leading to fewer people in single-family neighborhoods. A new approach by urban planners is needed to address housing affordability and other urban issues. Continue to full article
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Canada to Allow 30-Year Mortgages for First-Time Homebuyers
Monthly payments become more manageable for young Canadians aiming for homeownership. Some advocate for broader eligibility, expressing concerns about effectiveness in high-priced markets.The industry expects a significant impact, potentially spurring more construction and aiding rental market relief.
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New affordable, accessible homes open in Vancouver
More people in Vancouver, including families, seniors, and individuals with disabilities, now have access to 82 new affordable rental homes at The Aster. The building offers a variety of amenities and is a partnership between BC Housing, Brightside Community Homes Foundation, and Wall Financial Corporation. The new homes aim to provide better quality and more…
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Resurgent Real Estate: Vancouver Market Update
Sales Revival: Residential transactions surge by 36.9%. Inventory Boost: New listings rise by 14.5%, active listings by 4.1%.
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Insights Into Vancouver’s Early-Q1 Apartment Market
Number of units sold: 746, ↑ 30.6% yearly Active listings: 3,746
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Rent Soars in Metro Vancouver, but Langley Shines Bright
Rent Soars in Metro Vancouver, But Langley Shines BrightDespite a national slowdown, Metro Vancouver bucks the trend, with February showing a $12 jump.
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Vancouver Retail Market Slows as Demand for Space Remains Strong
Vancouver's retail market is experiencing increased demand due to rising rents and a revitalized downtown area. Limited availability and escalating rents are prompting quick lease securing by retailers. Despite a potential softening in consumer spending, growth is projected for 2024, backed by the local tech sector and robust consumer spending. The city is flourishing with…
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679 New Reasons to Rent Near Vancouver’s SkyTrain!
Vancouver greenlights 679 new rentals in twin towers near SkyTrain station. Affordable options included: – 10% of units designated below-market, catering to various needs.
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