Saeed Farahani’s Blog

There’s an upward momentum in detached house prices in Toronto, Vancouver and Fraser Valley.

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences. It's a symbol of Canada's commitment to reconciliation with Indigenous communities. Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools. May this day inspire a future where every voice is heard, and every spirit…

Federal minister announces $500M loans for 1.1K rentals in Vancouver. Loan initiative supports rental housing construction catering to vulnerable and middle-class families.

Vancouver's luxury Real Estate market saw increased activity in H1. Ultra-luxury single family home market showed strong improvements in sales and consumer sentiment.

Vancouver home prices rose in July, continuing the upward trend. The avg home price in Vancouver ↑ 0.6% MoM, reaching just over $1.2M. Sales ↑ 28.9% yearly, reaching 2,455 homes sold. Despite the increase, sales remained below the 10-yr seasonal avg of 2,909. New listings in Vancouver ↑ yearly from 3,975 to 4,649 in July…

The Government of Canada has announced nearly $150 million in low-interest loans to build 364 purpose-built rental homes across three developments in Vancouver. This includes 110 rental units for faculty and staff at the University of British Columbia, 136 rental units for faculty and staff at Mundell House and 118 units for Vancouver residents at…

Vancouver home sales ↑ 30% yearly in July. Residential home sales in the region reached 2,455 units, ↑ 28.9% yearly.

Early-Q3 Home Sales Up in VancouverHowever, sales and prices in the GTA declined MoM, with sales ↓ 8.8% and the avg selling price ↓ 0.7%. In Vancouver, home sales ↑ ~30% MoM in July, reaching a total of 2.5K units.

The housing crisis in Metro Vancouver is worsening, with the average one-bedroom rent now more than $3,000 a month, and mortgage rates and house prices rising significantly. This has made owning a home an impossible dream for most. To mitigate this crisis, all levels of government must act with urgency to put reasonably priced homes…