Saeed Farahani’s Blog
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Vancouver Tops North America in Quality of Life
Vancouver ranks 7th globally for quality of life, leading North American cities in 2024. The city’s quality of life is shaped by its temperate climate, outdoor recreation, and urban amenities.
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Vancouver Approves 3.9% Tax Hike for 2025
Vancouver City Council approves ↑ 3.9% property tax hike for 2025 to balance a $2.3B budget. The ↑ 3.9% hike includes ↑ 1% allocated for addressing a $500M infrastructure deficit.
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Vancouver rents dip for second year, report finds
Average rents in Vancouver decreased in December, with a one-bedroom apartment costing $2,512, down 7% from last year, and a two-bedroom unit averaging $3,430, a 6.3% drop. Overall, the average rent across all property types was $2,882, a 6% decline year-over-year. The national average rent was $2,109, marking a 17-month low. Increased supply and weakened…
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Metro Vancouver Home Sales Jump 28% in Mid-Q4
Metro Vancouver home sales rise by 28%, fueled by growing demand and stable market conditions. November recorded 2,181 home sales, with an average price of $1.17 million, down 0.9% year-over-year.
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Affordability Drives 2025’s Metro Vancouver Budget Reform
The review will analyze services and potential savings for the 2026 budget and five-year financial plan. Ballooning wastewater treatment costs, now $3.86 billion, highlight urgency for transparency and operational improvements.
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Vancouver’s Small Condos: Investor Takeover
Vancouver’s condo market is heavily influenced by investors, who own 34% of all condos. Over 58% of condos under 600 sq. ft. in Vancouver are owned by investors.
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Things Homeowners Should Check in Winter
Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.
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Real estate analysts say Vancouver trends point toward increasingly active 2025
Greater Vancouver home sales increased by 31.2% year-over-year in December, totaling 1,765 transactions, though still 14.9% below the 10-year seasonal average. Newly listed properties rose by 26.3% to 1,676. The composite benchmark price was $1,171,500, up 0.5% from the previous year. Overall, 2024 saw a 1.2% rise in home sales, but total transactions remained 20.9%…
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Vancouver Condo Market: Buyer’s Window Closing
Vancouver's condo market currently favours buyers, but rising demand could shift conditions by 2026. Limited pre-sale activity and slow construction will lead to a severe condo supply shortage by 2026.
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Metro Vancouver Housing Trends: Detached vs. Condo Living
A new survey reveals over 40% of Metro Vancouver residents prefer single-family homes. Preferences for single-family homes vary by income and frequency of moving in recent years.
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