Saeed Farahani’s Blog

Vancouver's condo market currently favours buyers, but rising demand could shift conditions by 2026. Limited pre-sale activity and slow construction will lead to a severe condo supply shortage by 2026.

A new survey reveals over 40% of Metro Vancouver residents prefer single-family homes. Preferences for single-family homes vary by income and frequency of moving in recent years.

Greater Vancouver sales: 2,166 homes ↑ 27.6% yearly Fraser Valley sales: 1,136 homes ↑ 27.5% yearly Listings & Active Inventory Greater Vancouver: 3,725 new listings ↑ Total active listings: 13,245 ↑ Fraser Valley: 2,637 new listings ↑ Total active listings: 8,125 ↑

A 5.5% increase aims to support operational costs and renew aging utility infrastructure critical for housing. Significant investment in utility services, including sewerage connections, supports the housing sector’s long-term sustainability.

Vancouver faces challenges with limited hotel and residential spaces, driving up rental prices. Many hotels converted to social housing during the pandemic, reducing the availability of accommodations for tourists.

Vancouver, British Columbia, with 675K people, is an ideal city for young adults seeking urban living.The avg cost of living in Vancouver is $1,528/month, excluding rent.

Vancouver's condo market faces a slowdown due to high costs, rising interest rates, and reduced demand. Developers struggle with unsold inventory and cautious lenders, halting new projects in key Canadian markets.

Vancouver's housing targets progress shows challenges; the city completed only 79.6% of Year 1’s goal (4,143 of 5,202 units). Rental units fell short; out of 4,143 completed units, only 2,618 were rentals, with 88% market units, missing provincial affordability targets.