Saeed Farahani’s Blog
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Vancouver home sales fall
Greater Vancouver's real estate board reported a 19.1% drop in home sales in June compared to last year, with inventory levels not seen since 2019. Metro Vancouver saw a 42% increase in homes listed for sale. Calgary also experienced a 12.8% decrease in home sales, with prices up 8.5% from last year. The U.S. economy…
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Vancouver Ranked Among Least Affordable Cities in the World
Vancouver has been ranked one of the least affordable housing markets in the world for the past 16-yr. The Demographia International Housing Affordability Report ranked Vancouver as the 3rd least affordable housing market, behind Hong Kong and Sydney.
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Toronto, Vancouver Rank High in Housing Costs
Toronto and Vancouver rank among the most unaffordable housing markets globally. Vancouver's median multiple of 12.3 places it 3rd on the list.
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Vancouver Housing Starts Decline
Housing starts in Vancouver fell 32% in May compared to April. Contrasts with national housing starts, which increased by 10%.
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Check out my listing Address: 32834 2ND AVENUE
Explore the potential of this multifamily zoned lot, ready for development. Combine with 32822 2nd Ave to create up to 12 townhouses. Current Home Features: Charming Log Home Rancher with a cozy sunroom. Secluded end-of-street location for privacy. Spacious front porch and long driveway. 2-bedroom (formerly 3), 1-bathroom layout. Modern kitchen and bathroom updates. Inviting…
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How The City Of Vancouver Can Speed Up Its Development Approval Process
Vancouver developers express frustration over slow rezoning applications and development permits approval process. The city has improved permit processing times for some housing types but struggles with multi-family projects. Developers propose merging rezoning and permit processes to expedite approvals. The city is considering concurrent processes to shorten timelines. New legislation permitting fees without rezoning may…
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Rent Decreases Only in Vancouver This Year
Vancouver's rent prices are doing something different than other major cities in Canada. Vancouver is the only city among the top 10 most expensive where rent prices decreased yearly.
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Vancouver Real Estate Sees Record Inventory Surge
Greater Vancouver Real Estate’s predicted Spring boom looks like a bust, with minimal price movements in May.Home prices in Greater Vancouver ↑ 0.5% MoM and ↑ 2.3% yearly to $1.2M.
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Vancouver Eco-Friendly Timber Towers to Soar Higher
Vancouver council approved changes to building rules, allowing mass-timber buildings up to 18 storeys.Mass-timber construction, using engineered timber components, replaces concrete and steel.
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Metro Vancouver Landlords May Hike Fees Instead of Rent
Metro Vancouver landlords can now clearly outline optional service costs separately from rent, making budgeting easier.Renters must be notified of changes, and if a service is withdrawn, the rent should decrease accordingly.
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