Saeed Farahani’s Blog
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Vancouver Shows Just How Much It Costs to Ban Apartments
Vancouver faces a severe housing crisis, exacerbated by exclusionary zoning that restricts apartment construction on over 75% of residential land. This policy deepens inequality, drives up costs, and leads to urban sprawl and pollution. Recent provincial efforts to reform zoning have been insufficient, and upcoming elections may threaten progress. Advocates are pushing for more inclusive…
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Vancouver Home Sales Dip Despite Rate Cuts
Marked Sales Decline: August sales dropped significantly from last year, indicating market cooling. Well Below Average: Sales substantially trailed the decade-long average, showing market lethargy.
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Downward Pressure Looms Over Vancouver Home Prices
The Bank of Canada’s rate cuts have yet to significantly lift housing markets from their slump. Inventories have increased with more sellers entering the market, giving buyers more decision-making time.
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More listings, fewer buyers: Vancouver home sales drop
GVA reports an increase in available properties but a decline in sales, putting pressure on housing prices in Vancouver, the least affordable city in Canada. Home sales fell 3.8% year-over-year in September, with 1,852 transactions, marking a 26% drop from the 10-year average. New listings rose by 12.8%, leading to a total of 14,932 active…
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Mid-Q3 Vancouver Sales Down, Inventory Up
Despite two rate cuts, August sales ↓ 17.1% yearly in Greater Vancouver. Home prices held steady in August, with a benchmark of ~$1.2M, ↓ 0.9% monthly.
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Stable Vancouver Housing in H2: Sales to Rise 10%
Average sale prices are expected to rise by 3%, with sales increasing by 10% by the end of 2024. The Greater Vancouver housing market remains balanced, with potential shifts to a seller's market pending rate cuts.
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Vancouver Housing Recovery Post Rate Cut
The Bank of Canada’s predicted rate cuts could lower rates by 1.50% in 2025, boosting housing affordability and buyer interest.A significant change in Metro Vancouver's housing market is expected as interest rates may drop soon.
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High Land Costs In Vancouver Pushing Condo Projects Out To Suburbs
Canada Housing and Mortgage Corporation's bi-annual report reveals a 4% increase in housing starts across major cities in the first half of 2024, totaling 68,639 units. However, Metro Vancouver experienced a decline due to slow sales and high financing costs, with population-adjusted starts dropping from 58.0 to 45.6 per 10,000 population. The decrease was mainly…
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Vivid Vancouver: Colorful Signs Mark New Projects
Vancouver's new developments are marked by bright blue and yellow signs promoting high-rise projects. Current projects often feature high-rises in areas with existing low-rise buildings, raising resident concerns.
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Investors Drive Profitable Trends in Vancouver Housing
Greater Vancouver sees strong demand from investors and move-up buyers in H1, with 5K buyers ready to purchase.Limited inventory boosts detached home prices; over 70% of Greater Vancouver sees value increases.
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