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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Unlocking Canada’s Hidden Housing Supply: Why Brownfield Redevelopment Must Be a National Priority
Canada faces a housing shortage and urban sprawl, but brownfield redevelopment offers a solution by transforming contaminated, underused urban land into mixed-use communities. These sites have existing infrastructure, reducing costs and environmental impact. Challenges include high remediation costs and regulatory hurdles, requiring enhanced public-private collaboration, tax incentives, expedited approvals, and dedicated funding. Brownfield redevelopment supports […]
TD cuts housing forecast but warns pent-up demand could be ‘unleashed faster or more forcefully than expected’
A new report highlights pent-up housing demand in Canada, especially in Ontario and B.C., potentially unlocking in 2027 due to improved economic conditions and affordability. However, 2026 faces challenges with slow sales, a sluggish economy, and cost pressures. Population declines in Ontario and B.C. contrast with growth in Alberta, which sees stronger housing demand. Rising […]
Most Canadian Provinces See Home Prices Rise, Two Hit Record Highs
Nationally, Canadian home prices fell 0.3% to $665,200 in January, down 21.8% from the March 2022 peak. However, most provinces saw price increases, with Newfoundland and Quebec reaching new highs. Declines were mainly in BC and Ontario, where prices dropped 0.9% and 0.5%, respectively, reflecting weak demand and high inventory. Ontario experienced the largest correction, […]
Will Canadian Mortgage Rates Stay Stable in 2026?
The Bank of Canada policy rate is currently 2.25%, with most forecasts expecting interest rates to remain largely stable through 2026. Canada’s prime rate sits near 4.45% while inflation is about 2.3%, suggesting borrowing costs may stay steady rather than fall sharply. By the end of 2026, about 33% of Canadian mortgage holders are expected […]