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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Why timing the bottom of Canada’s roller-coaster real estate market may be harder than you think
Canada's housing market, after a nearly 20% price drop since 2022, shows signs of stabilizing, especially for single-family homes, while condos remain oversupplied. Government measures like tax breaks on new homes aim to boost demand. However, economic uncertainties, including inflation, interest rate fluctuations, and global conflicts, continue to affect market predictability. Prices may decline further […]
BC Housing Market Shows Resilience Amid 2026 Challenges
MLS residential sales in BC are expected to decline 2.1% to 68,700 units in 2026, then rise 7.7% to 74,000 units in 2027. High active listings and new-home inventory contribute to a forecasted 1.4% drop in average price to $939,800 in 2026, mainly due to weakness in pricier Lower Mainland markets. Improved affordability and pent-up […]
Canadians still dream of bigger homes as affordability gap pressures buyers
A survey found 55% of Canadians are not living in their ideal home, with most desiring a detached house averaging 2,098 sq ft, three bedrooms, 2.5 bathrooms, and a yard. Affordability is the main barrier, cited by 59%, followed by moving costs and saving for a down payment. Homeowners report higher satisfaction than renters, and […]
How Will Inflation Shape Canada’s Housing Market Through 2026?
Oil-driven inflation spike raised rate hike risks, pushing fixed mortgage rates higher in early 2026. Higher borrowing costs and uncertainty slowed spring activity despite peak seasonal demand expectations. CREA revised forecats: -Home sales: 474,972 units, ↑ 1% yearly. -Avg home price: ↑ 1.5% to $688,955 2027 outlook: sales up 2.1% to 485,071, prices +0.9% to […]