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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BC home sales to decline in 2026, rebound next year: BCREA
British Columbia's housing market is expected to see a 2.1% decline in residential sales in 2026 to 68,700 units, with a 7.7% rebound projected in 2027. Sales are forecasted to dip across all regions, especially in pricier areas, leading to a 1.4% drop in average home price to $939,800. High listings and new-home inventory pressure […]
B.C. Home Sales Remain Resilient Amid Economic Challenges
Home sales in British Columbia are forecast to decline 2.1% to about 69,000 units this year, with prices expected to drop 1.4% to an average of $939,800. Increased new-home inventory and high active listings contribute to the price decline, especially in expensive Lower Mainland markets. A 7.7% sales rise is predicted next year, but market […]
Canada Housing 2026: Slowdown Before Recovery
Canada’s housing market is entering a slower phase, with weak demand, cautious buyers, and modest price growth expected through 2026 and into 2027. Economic slowdown, higher mortgage renewals, and weak income growth are limiting affordability, keeping home sales below historical averages nationwide. Construction activity is declining, especially in condo-heavy markets like Toronto and Vancouver, reducing […]
Canada Housing Starts Lose Momentum
Canada’s housing starts softened again in Late-Q1 2026. The annualized pace ↓6% MoM to 235,852 units, while the 6-mo trend ↓2.9% to 248,378. Actual starts in larger population centers still ↑10% yearly to 16,398 in Late-Q1, lifting the year-to-date total to 49,206, up 9% from 2025. An economist said the yearly gain mostly reflected an […]