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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Canada’s Condo Supply Crunch Ahead?
Condo presales have fallen dramatically in major cities, reducing developer confidence and making it harder to launch new housing projects. Many builders are postponing developments because current sales volumes no longer support construction financing requirements. Experts warn today's project cancellations could create ownership housing shortages several years from now. Rental construction remains strong, but fewer […]
BC housing market shows encouraging signs of recovery as June sales edge up
British Columbia's housing market showed a 0.9% increase in residential unit sales in June 2026 compared to June 2025, with 7,225 units sold. However, average home prices dipped 0.8% to $946,878. Total sales dollar volume rose slightly by 0.1% to $6.84 billion. Year-to-date, sales volume dropped 6.4% to $31.96 billion, unit sales fell 5.4%, and […]
This Survey Reveals The Most Affordable Cities In Canada
Rising affordability concerns are prompting many Canadians to consider moving to lower-priced cities if they can find local or remote work. Nearly half of respondents from Vancouver, Toronto, and Montreal regions expressed willingness to relocate. Edmonton is the top choice for Vancouver residents. The most affordable cities include Lethbridge, Saint John, Thunder Bay, Red Deer, […]
BC Mortgage Rates
In British Columbia, fixed mortgage rates slightly decreased to below 3.9% at some brokers, influenced by stable bond yields and potential peace in the Iran war. Variable rates remain around 3.4%, tied to the Bank of Canada's overnight rate, which is expected to hold steady until mid-July. The war's impact on oil prices and inflation […]