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 Resales Post Strong Monthly Gain
In Mid-Q2 2026, Canadian home resales ↑~6% MoM, marking a second straight uptick and the strongest monthly gain in 18 mo nationally. National resale activity moved nearly in line with yearly levels, but volumes still trailed pre-pandemic avg. across most major Canadian markets currently. New listings ↓~1% MoM, pushing Canada's sales-to-new-listings ratio to ~49%, its […]
New housing activity rises in Prairies as B.C. slows
New home construction in 2025 showed regional variation in Canada. Alberta saw a 4% increase in for-sale housing starts, led by Edmonton's 15% growth, while Calgary declined 4%. Saskatchewan and Manitoba had gains of 41% and 24%, respectively, with single-detached homes dominant in the Prairies. British Columbia experienced a 5% decline, with rising inventories and […]
BC Home Flipping Tax Supports Fair Housing Market
The BC home flipping tax applies to profits from selling residential properties owned less than 730 days, effective January 1, 2025. It targets short-term property holding and applies to individuals or entities worldwide. The tax rate is 20% for properties held under 365 days, decreasing until 730 days when it no longer applies. Exemptions include […]
Canada Housing Demand Slows Into 2027
An economist expects Canada's population losses to continue through 2027, easing housing demand and giving affordability more room to improve for buyers. Canada's long housing demand tailwind from population growth has shifted, creating a slower market phase that may last several more quarters ahead. Softer demand is already feeding into affordability discussions, with analysts pointing […]