Saeed Farahani’s Blog
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Vancouver Sellers Facing Bids 15% Below Asking
Metro Vancouver home prices may dip slightly in 2025 amid buyer caution and economic uncertainty. April home sales rose only 34%, far below the decade average 79% seasonal increase.
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BC Commits $775M to Housing While Vancouver Condos Sit Empty
Metro Vancouver faces a projected 3,500 unsold condos by 2025 amid a deep housing affordability crisis. Despite over 33,000 housing starts in 2023, pre-sale activity is low, leading to growing unsold inventory. The BC government is investing $775 million to build 4,600 rental homes, but concerns remain about housing market stability and affordability. Housing remains…
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A Comprehensive Guide to Bad Credit Mortgages for Homeowners
Homeowners in British Columbia facing bad credit can still find suitable mortgage solutions despite challenges. Bad credit mortgages provide opportunities for financing, competitive rates, and the potential to improve credit scores. Options include high-ratio mortgages, private loans, and government-backed programs. To enhance chances of securing a mortgage, homeowners should review their credit reports, improve their…
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Vancouver Condos: 60% Inventory Surge in 2025
Condo inventory in Metro Vancouver is projected to rise 60% by the end of 2025. High costs, investor pullback, and weak demand are fuelling record unsold condo levels.
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Vancouver’s Rental Crown Lost: North Vancouver Takes Over
North Vancouver tops Canadian rent charts: $2,680 for one-bedroom, $3,563 for two-bedroom units in April. Vancouver slips to second place with average rent at $2,536 for one-bedroom, $3,414 for two-bedroom.
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Vancouver Forecast for Rest of 2025
Home prices projected to decline by 4.1% due to high inventory. Luxury market most impacted by rate sensitivity.
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Budgeting
Budgeting involves creating a plan for spending and saving money, resulting in a written budget that helps manage finances effectively. It aids in setting spending limits, living within means, managing debts, and prioritizing important expenses. To create a budget, record total net income, track spending habits, identify financial goals, and develop a plan that adjusts…
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Vancouver’s Vacant Towers: A Housing Paradox
Metro Vancouver has over 2K unsold new condos, expected to rise to 3,500 in 2025. Despite record construction, buyer interest is low and pre-sale numbers are sharply declining.
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How the Trade War Hit Vancouver’s Luxury Real Estate
Vancouver’s luxury housing market saw Canada’s steepest first-quarter decline due to economic and geopolitical uncertainty.Sales of homes over $4 million dropped 48%, with condo sales over $1 million down 27%.
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Vancouver Tops National Rent Charts Again in Mid-Q2
Vancouver remains Canada’s most expensive rental city, driven by limited supply and persistent cost pressures. As of May 2025, avg rents are $2,520 for one-bedrooms and $3,450 for two-bedrooms, leading the national market.
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