Saeed Farahani’s Blog
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Will Vancouver Prices Adjust Amid High Inventory?
Vancouver home sales fell 15.4% to 1,846 in November, with inventory up 14.4% to 15,149. Benchmark prices declined: detached $1.9M, condos $714K, townhouses $1.06M.
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Vancouver Homebuyers Benefit from Lower Prices and More Choices
Vancouver-area home sales dropped 15.4% year-over-year in November, with 1,846 sales recorded, 20.6% below the 10-year average. The composite benchmark price fell 3.9% to $1,123,700. Inventory rose 14.4% to 15,149, 36% above the 10-year average, leading to longer selling times and softer prices. Detached, condo, and townhouse prices declined by 4.3%, 5.2%, and 4.4% respectively.…
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Five steps to getting your mortgage refinance started
Refinancing a home can lower interest rates and provide access to home equity for long-term investments. Before proceeding, assess if refinancing is the right choice by evaluating current property values and potential debt implications. Ensure you can afford application fees and understand payoff amounts. Gather necessary documents, including pay stubs and tax returns, and explore…
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Vancouver Homebuyers Enjoy More Choices as Prices Ease
Greater Vancouver home prices fell 0.3% in November to $1,123,700, down 3.9% from last year and 10.8% below the 2022 peak, marking the lowest since 2023. Sales dropped 15.4% from last year to 1,846, nearly half the 2021 peak. Inventory rose 14.4% to 15,149 active listings, the highest November level since 2012, giving buyers increased…
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Vancouver Home Sales Rise 1.2% in Early-Fall
Sales ↑ 1.2% YoY to 1,875, but ↓ 20.1% vs. 10-yr avg. Listings ↑ 6.2% YoY; total inventory ↑ 14.4% to 17,079 homes Benchmark price ↓ 3.2% YoY, now $1,142,100; detached and apartment prices both ↓ 4.4% Easing prices, high inventory, and lower borrowing costs offer buyers more opportunity Market activity expected to stabilize by…
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Executive 2-Bedroom Suite at the Prestigious Terminal City Club Tower Experience luxury living in this beautifully updated 1,170 sq.ft. executive suite offering breathtaking views of the North Shore Mountains, Coal Harbour, the city skyline, and Mount Baker. This residence stands out with custom high-end upgrades far beyond the original developer finishings, including: Designer kitchen with…
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اثر سرریز بازار املاک کانادا: جهش اجارهبها در شهرهای ارزانتر
در حالی که اجارهبها در شهرهای گران کانادا مانند Toronto و Vancouver کاهش یافته، شهرهای ارزانتری همچون Trois Rivieres شاهد سریعترین رشد اجاره هستند. این روند اواخر چرخه نشاندهنده انتقال سرمایه از بازارهای پرهزینه به بازارهای کمهزینه است که بیشتر ناشی از سفتهبازی است تا عوامل اقتصادی محلی. بازارهای کوچکتر با فشارهای تورمی فزاینده و…
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Will Vancouver’s 2026 Economy Support Property Markets?
Slide 1 Vancouver’s economy barely grows, rising from 1.2% in 2025 to 1.9% in 2026. Slide 2 Condo developers face low margins and stalled projects until unsold units clear in 18 months. Slide 3 Rents are flattening as new rental units surge, pushing vacancy toward 2.9% by 2027. Slide 4 Zoning changes boost fourplexes, sixplexes,…
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Vancouver’s rental market suddenly surging in popularity among Canadians
Vancouver has risen to 11th place among Canada's top rental cities, with renter engagement surging—favourited listings up 83% and saved searches up 92%. The city’s rental score increased from 50.25 to 65.02, signaling renewed market momentum. Despite rent declines, Vancouver remains the second-most expensive rental market, with average one-bedroom rents at $2,463 and two-bedrooms at…
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First-Time Homebuyer Tips: Here’s What You Need to Know
First-time homebuyers should prepare by budgeting for mortgage, taxes, insurance, and maintenance. Getting pre-approved for a mortgage clarifies affordability. Research local markets and factor in closing costs. Consider home inspections to avoid surprises. Decide between buying resale or building new, weighing costs and energy efficiency. Plan for future needs, resale value, and ongoing maintenance. Take…
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