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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Will Canada’s Rates Rise Again in 2027?
There’s growing conversation about where the Bank of Canada’s interest rates might be headed, especially as we look ahead to 2027. With the current rate sitting at 2.25%, some of the country’s major banks are forecasting gradual increases that year. If economic growth continues to strengthen and inflation remains a concern, policy makers may feel […]
Canada: Rate Cuts Can Worsen Affordability
There’s a common belief that lowering interest rates will instantly make homes more affordable—but the reality in Canada is more complex. Recent central bank research highlights that while rate cuts quickly spark a rise in housing demand, the supply side takes much longer to catch up. Here in our local markets, we see resales pick […]
Canada’s “Record” Housing Correction? Prices Near Highs In Most Provinces
With so much talk about a 'record' housing correction in Canada, it’s important to look a little closer at what’s really happening in our market. In July, the national average home price slipped by 0.6% to $661,800. Prices dropped in six provinces but actually rose in three Atlantic provinces. Since March 2022, we’ve seen a […]
Several straight monthly gains: is Canada’s market turning?
We're seeing an interesting trend in Canada's real estate market: for the fourth month in a row, home sales have increased. July numbers show the average sale price nudged up by 0.2% to $674,819, even as new listings dipped 1.6% and inventory now sits at 4.7 months—signs of a balanced, but tightening, market. In my […]