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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Where $55,000 Net Income Can Secure Homes in Canada
A study shows that homebuyers with net incomes between $55,000 and $85,000 face affordability challenges in Canada. Labrador and Newfoundland are the most affordable, with mortgage payments at 31-50% of net income. Vancouver is the least affordable, requiring mortgage payments exceeding monthly net income even at $85,000 income. Calgary and Edmonton also show high mortgage […]
Canada Sticks With Home Building Doubling Goal
Federal officials reaffirmed Canada’s goal to double homebuilding over the next decade, aiming to ease rent and ownership costs through housing measures. A fiscal watchdog said recent budget materials lacked benchmarks and cited an estimate that an affordable housing agency would add 26K units over 5 yr. Canada’s 6-mo housing-start trend recently ↑~3% to ~257K […]
Canada Home Sales Show Modest Momentum
Early-Q2 home sales totaled 42.9K across Canada, ↓4% yearly from 44.7K, while seasonally adjusted activity ↑~1% from Late-Q1 levels, showing modest monthly improvement. The national avg. sale price reached ~$695K, ↑~2% yearly. The typical-home price index was broadly flat MoM and ↓~4% yearly, signaling stabilization. New listings ↑~4% MoM in Early-Q2, marking the traditional spring […]
Canada’s Modular Builds Could Close Gap
Canada needs >480K new units annually through 2035, while current projections point to ~223K yearly starts by 2027, highlighting a major opportunity for faster building. Factory-based construction can shorten project timelines by ~20% to ~50%, improve thermal efficiency, reduce site labour needs, and make costs more predictable. Cost savings of ~20% to ~40% depend on […]