Saeed Farahani’s Blog
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Leasehold vs. Freehold in Metro Vancouver
A leasehold grants the right to occupy a property for a fixed period but not land ownership. A freehold provides full ownership of both the property and land with no time restrictions.
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Vancouver unveils new plan for market rental housing on municipal land
The City of Vancouver is advancing a new strategy for market rental housing through the Rental Housing on City-owned Land – Public Benefits Pilot Rezoning Policy, proposing developments at Pacific and Hornby streets. The Vancouver Housing Development Office (VHDO) aims to deliver market rental housing while generating non-tax revenue. The initiative includes plans for 54-…
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Tips for First-Time Home Buyers in Vancouver
Vancouver Market: – Expensive market, $1.5M+ homes – Bidding wars common – Pre-approval essential in tight market First-Time Buyer Assistance: – Withdraw $60K tax-free from RRSP – $1,500 rebate with Tax Credit – Save $40K via First Home Savings
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Vancouver Office Market: Rent Drops, Vacancies Rise
Vancouver office vacancy rate rose to 9.8% in Q4 2024, ↑ 1.2% yearly. Class B and C buildings saw 12.8% vacancy, while Class AAA buildings had 8% vacancy.
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Federal government supporting energy upgrades for affordable homes in Vancouver
The federal government is investing over $15.5 million to improve energy efficiency in 420 affordable homes in Vancouver through the Canada Greener Affordable Housing program, along with an additional $511,000 from the Affordable Housing Fund. This funding will support deep energy retrofits, enhancing the longevity and efficiency of buildings for low- and moderate-income households. Key…
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Vancouver Rent Gap Hits $922 Between Neighbourhoods
Metro Vancouver has a $922 rent gap between its most and least expensive neighbourhoods. The average rent for an unfurnished one-bedroom in Metro Vancouver dropped to $2,293 this January.
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Metro Vancouver: No Parking, Lower Costs?
Metro Vancouver aims to eliminate minimum parking requirements in new developments to reduce construction costs.Building a parking stall in Metro Vancouver can cost up to $230K due to site challenges.
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STRs Crackdown Boosts Vancouver’s Rental Supply
Last year’s crackdown returned 10% of short-term rentals to long-term use or property sales. Two-bedroom rentals are 10% cheaper, with Vancouver rents hitting a 30-month low by December.
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Vancouver’s Housing Market Heats Up: A Surge in Sales and New Listings!
Vancouver's housing market saw a strong start in January, with 1,552 homes sold, an 8.8% increase year-over-year. New listings surged to 5,566, a 46.9% rise from the previous month, contributing to a total inventory of 11,494 homes, up 33.1% from last January. The benchmark home price is stable at $1,173,000, reflecting a slight 0.5% annual…
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Get Your House Market-Ready
Consult a REALTOR®: A local agent helps price your home correctly and attract potential buyers. Complete Repairs: Fix any outstanding issues, like leaky faucets or worn-out flooring, for a polished look.
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