Saeed Farahani’s Blog
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Data points to signs of improvement in lower-tier office space
Calgary is showing improvement in B and C-class office vacancies, with a notable reduction from 31.4% to 25.4% year-over-year. The city implemented conversion and demolition incentives to revitalize its downtown market, resulting in nearly 133,000 square feet of positive net absorption. Other cities like Edmonton, Saskatoon, and Regina also reported declines in vacancies. In contrast,…
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Vancouver Pauses New Supportive Housing Projects
Vancouver council approved a pause on net new supportive housing, impacting future housing for vulnerable populations.BC Housing data shows Vancouver has 1,825 supportive housing units and 1,870 shelter spaces, the highest in Metro Vancouver.
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Vancouver Invests $500K to Prevent Displacement
Vancouver City Council approved $500K in grants to support low-income and vulnerable renters in 2025. $35K was granted to assist Indigenous individuals in overcoming housing barriers and improving stability.
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Vancouver Real Estate Slows: Great Deals Await!
Vancouver’s sales-to-new-listings ratio (SNLR) fell to 28.3% in early 2025, ↓ 8.8 points yearly. New listings surged while sales lagged, creating an oversupplied market and excellent conditions for buyers.
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AAA Credit Rating: How Vancouver Maintains Stability
Vancouver maintains its ‘AAA’ credit rating in 2025, ranking among Canada’s highest-rated cities. 80% of Vancouver’s operating revenue comes from property taxes and user fees, ensuring financial stability.
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3 Signs Vancouver Homebuyers Have the Upper Hand!
New listings surged 40% in Vancouver in January, shifting market conditions in buyers’ favor. Despite the increased supply, home resales declined 3% from December, continuing a two-month downward trend.
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FEDERAL GOVERNMENT PROVIDES OVER $15 MILLION FOR NEW RENTAL HOMES IN VANCOUVER
The federal government has announced $15.2 million in funding to build 36 rental homes in Vancouver, provided as a low-interest loan through the Apartment Construction Loan Program. Located at 1037 West King Edward, Shaughnessy Gardens features a mix of one-, two-, and three-bedroom units and is fully occupied. This initiative aims to address the growing…
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Vancouver’s $15.5M Fund to Revamp Home Energy
Vancouver's $15.5M investment will revolutionize energy efficiency for 420 homes through a major funding boost. The funding aims to implement deep energy retrofits to enhance efficiency and extend building lifespans.
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Vancouver’s Rental Prices Fall: What’s Behind It?
Vancouver remains Canada's most expensive rental city, with an average rent of $2,896 per month. Vancouver's rental prices declined 5.2% annually, reflecting a broader softening in the market.
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Pricey Vancouver is becoming even less popular with renters
Vancouver has fallen to 23rd place out of 25 cities in Canada for renters, according to a RentCafe report, dropping two spots since the last ranking. The city received a rental score of 48.63, while Winnipeg scored 100, making it the top-ranked city. RentCafe notes a trend of renters exploring smaller cities and suburban areas…
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