Saeed Farahani’s Blog
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Vancouver home sales rise slightly as borrowing eases
Metro Vancouver's housing market saw a slight increase in September with 1,875 sales, up 1.2% from last year but still 20.1% below the 10-year average. The benchmark price dropped 3.2% year-over-year to $1.14 million. New listings rose 6.2%, pushing total inventory 14.4% higher than last year and 36.1% above the long-term average. Low sales-to-listings ratio…
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Vancouver’s Luxury Homes: Fewer Deals, Steady Prices
Slide 1: Greater Vancouver luxury home sales drop 39%, but prices only soften slightly this year. Slide 2: 86 detached homes over $5M sold in 2025, averaging $6.6M, median $5.9M. Slide 3: Ultra-luxury homes over $10M dropped to eight sales, compared to 14 last year. Slide 4: Luxury condos fell 38% in sales, yet average…
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Metro Vancouver One-Bedroom Apartment Rent in Early-Fall
Slide 1 Metro Vancouver one-bedroom rent drops for the second consecutive month. Slide2 : Metro Vancouver remains one of Canada’s priciest rental regions, but average one-bedroom costs fell again in September. Slide 3 The average unfurnished one-bedroom rent dropped $35 from August, now sitting at $2,171 this September. Slide 4 Year-over-year, renters are paying $199…
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Easing Vancouver home prices helps bring buyers back
Vancouver home sales rose nearly 3% in August year-over-year, totaling 1,959, though still 20% below the 10-year average. Sales of detached and attached homes increased over 10%, indicating renewed buyer interest in higher-priced properties. Listings grew 17.6% to 16,242, 36.9% above the 10-year average. The benchmark price dropped 3.8% to $1.15 million, reflecting easing prices…
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Vancouver housing market undersupplied despite current slowdown, says expert
The Vancouver housing market faces conflicting forces: structural undersupply amid a cyclical demand pullback. Challenges include a recessionary economy, job losses, high construction costs, and federal immigration curbs, leading to rising inventory and fewer sales. Despite recent easing, home values remain 32% above 2019 levels, with affordability still poor globally. Long-term prospects remain positive due…
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Vancouver Investment Market Poised for Recovery
Vancouver’s market recovery is gaining momentum after early-year declines. Investor demand benefits from balanced supply and strong long-term growth expectations. Strategic acquisitions can leverage increasing occupancy rates and market stability. High-quality properties continue to attract reliable tenants despite affordability challenges. Vancouver offers opportunities for investors focusing on premium residential assets.
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Vancouver’s Economic Boom and Urban Future
Vancouver’s GDP grew 2.5% in 2023, fueled by tech, tourism, and film, with major firms like Amazon and Microsoft expanding locally. Unemployment fell to 4.5%, as the tech sector alone is projected to expand another 10% in coming years. Real estate surged 12% over the past year, with new housing initiatives targeting 5,000 affordable units…
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Vancouver Housing Starts Down Slightly in Early 2025
Single-Detached Housing Starts in Jan–Aug: 1,347 units, ↓ 6% yearly All Others Housing Starts in Jan–Aug: 17,058 units, no change yearly Total Housing Starts in Jan–Aug: 18,405 units, ↓ 1% yearly Canada Total Housing Starts in Aug: 3,806 units, ↓ 10% yearly Canada Total Housing Starts in Jan–Aug: 156,283 units, ↑ 4% yearly
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Budget watchdog reports sharp improvement in home affordability — but not everywhere
Canada's housing affordability gap narrowed from 80% to 34% between September 2023 and August 2025 due to lower borrowing costs, stronger wages, and cooler home prices. Toronto and Hamilton saw the biggest gains, though prices remain high. Halifax has the widest gap at 74%, while Edmonton's is the smallest at 4%. Mortgage debt service ratios…
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Check out my listing Address: 1909 1550 FERN STREET, Vancouver BC V7J 0A9
Experience North Shore living at Beacon in Seylynn Village! This 1-bedroom home features a modern kitchen with island & stainless steel appliances, bright living area with floor-to-ceiling windows and mountain views, a peaceful bedroom with walk-in closet, spa-style bathroom, in-suite laundry, and covered balcony with gas BBQ hookup. Includes parking, storage & bike locker, A/C,…
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