Fara Ghafari, 88 West Realty
Fara Ghafari is a licensed real estate agent as well as a REALTOR® in CREA and an expert in rental and for-sale properties at 88 West Realty.
Fara Ghafari is a licensed real estate agent as well as a REALTOR® in CREA and an expert in rental and for-sale properties at 88 West Realty.
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Rate cuts boost housing demand faster than supply, BoC research finds
Recent Bank of Canada research highlights something I see time and again in our local markets: when interest rates are cut, home sales surge almost immediately, but new construction takes much longer to catch up. This means prices can keep climbing, especially when jobs are plentiful and more buyers are entering the market. The result? […]
Housing affordability improved in July from June
July brought a welcome shift for buyers, as housing affordability saw an uptick compared to June. Home prices dropped in 10 out of 13 major Canadian markets—places like Vancouver, Hamilton, and Regina included—making it a bit easier for hopeful homeowners to qualify for mortgages. While mortgage rates nudged down slightly, it was really the price […]
Canada’s housing market ‘finally’ moving toward recovery this year: RBC
We're seeing encouraging signs in Canada's housing market: home resales are picking up, inventory is stabilizing, and prices are finding their footing. RBC forecasts a 3.6% dip in resales this year, but a 6.7% rebound next year, alongside moderate price increases as interest rates hold steady—though external factors remain in play. Having worked with clients […]
Canada Fee Cuts Could Unlock Supply
Development fees play a significant role in shaping the cost and supply of new homes across Canada. According to a recent study by a national housing agency, reducing these fees could improve the viability of some residential projects by about 14%. In cities like Toronto and Vancouver, the impact is even more striking—lifting fees could […]