Saeed Farahani’s Blog
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Vancouver’s Housing Growth: 58K New Homes Planned
Vancouver's housing development pipeline now includes 58K new homes in various stages of approval or construction.In the first year of provincial targets, Vancouver completed 4,143 net new homes, falling 26% short.
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Early-Q4 Sales in Metro Vancouver up 30% After Rate Cuts
The Bank of Canada’s recent rate cuts boosted Real Estate markets in Metro Vancouver. October home sales in Greater Vancouver ↑ 30%, compared to 2023.
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Vancouver Buyers Rebound: Sales Jump 32%
Home sales in Greater Vancouver rose 31.9% in October compared to last year, suggesting a rebound. In October, Greater Vancouver recorded 2,632 sales, only 5.5% below the 10-year average for the month.
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Jenga-like project with affordable homes nears completion in Vancouver
Two buildings in the River District are nearing completion, featuring a 26-storey tower and a six-storey mid-rise, totaling 337 homes. The project includes 220 units for the Indigenous community and 117 co-op units, with rents ranging from $445 to $2,660. Move-ins are scheduled for January 2025, delayed from the initial fall 2024 target. Funded by…
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Metro Vancouver Buyers to Benefit From Rate Reduction
The BoC has cut its key interest rate significantly to stimulate the economy. This reduction marks the fourth consecutive cut, aligning with falling inflation rates of 1.6%.
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How Much It Costs to Live in Vancouver
Vancouver is ranked the priciest city in Canada, with high housing and living costs. A one-bedroom apartment averages $2,675, and a home costs around $1.2 million in Vancouver.
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Vancouver sees uptick in commercial rents
Commercial rents in Vancouver rose by 2.4% in Q3 2024 compared to the same period last year, with significant increases across all segments: office buildings (0.4%), retail (2.1%), and industrial (3.9%). In contrast, B.C. saw a 1.7% increase, while the national average was up 2%. The data indicates a steadying demand in the commercial real…
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Selling in 2025? 6 Must-Haves for Your Home
Updating your kitchen with quartz countertops and smart appliances significantly enhances resale value. Adopting a neutral color palette makes your home more appealing to potential buyers and feels modern.
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Vancouver Plans 17 New Multi-Family Villages
Vancouver will transform 17 low-density residential areas into Villages, featuring low-rise multi-family housing for increased supply. Each Village, within 400 meters of retail streets, will permit buildings of 3 to 6 storeys.
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New Fees Delay Housing Projects in Metro Vancouver
Over 73K homes remain unbuilt in Metro Vancouver due to rising development cost charges (DCCs). New charges introduced by recent legislation add 5-10% to total DCCs in some municipalities.
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