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 Set to Build 231,000 Homes Annually Toward Housing Goal
The numbers are clear: Canada needs to build between 417,000 and 469,000 new homes every year until 2036 to close the affordability gap. Yet, we're currently tracking toward just 231,000 homes a year, which means we could be facing a 2.4 million home shortfall over the next decade. As someone who works daily in neighbourhoods […]
Home affordability improves in most Canadian markets
August brought a shift in home affordability across Canada, with prices easing in most major cities—10 out of 13 markets saw an improvement. Toronto experienced the most significant gain, while some areas like Halifax, Ottawa, and Fredericton faced more challenging conditions. Fixed mortgage rates, however, climbed to 4.24%. As someone who works closely with buyers […]
Canada’s Homebuilding Pace Falls Further
Canada’s homebuilding pace is shifting again—recent data shows the six-month trend in housing starts dipped about 1% to 244,000 units nationwide, with major centres seeing a 2% decline to 17,700 units. Year-to-date, we’re sitting at 149,500 new starts, which is about 4% behind where we were at this time in 2025. This underscores the continuing […]
Canada Housing Faces Trade Turmoil
The Canadian housing market has entered a softer phase, with activity down about 7% year-over-year and national sales slipping by less than 1% month-over-month. Buyers are feeling the impact of ongoing trade tensions, fluctuating oil prices, and persistent inflation concerns. Rising Canadian bond yields have also pushed fixed mortgage rates higher, adding another layer to […]