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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Despite falling prices B.C. needs more homes to boost affordability
House prices in British Columbia fell 9.1% from 2022 to 2025 but remain 35.7% higher than in 2019, posing affordability challenges. Homebuilding dropped 4.7% in 2025 due to restrictive land-use policies, zoning rules favoring single-family homes, lengthy municipal approvals, and high charges on new units. These factors limit housing supply and keep prices high. Easing […]
2026 Starts Slow: Housing Split Widens?
2026 housing plot twist: national prices dipped 2% in early 2026, vibes shifting. Condos slid hardest, inventory piling up, buyers totally fatigued. Single-family homes dipped too, just not as dramatically. Hidden signal: shrinking supply quietly fuels price momentum. CMHC flags affordability plus stable jobs as 2026 price drivers.
Happy April Fool’s Day
Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!
Canada Market Outlook Improving When?
Canada sales rise from 470,314 (2025) to 494,512 in 2026, a 5.1% increase, signalling recovery momentum. By 2027, sales reach 511,966, adding another 3.5%, exceeding pre-slowdown activity levels. Average prices climb 2.8% in 2026 to $698,881, reversing the -1.1% decline in 2025. In 2027, prices advance 2.3% to $714,991, reflecting balanced growth, not speculative acceleration.