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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BC Housing Crisis Warning: A Price Explosion Is Brewing
Unsold new-home inventory has surged to a 30-year high, choking development pipelines and setting up severe future housing shortages. BCREA says current conditions dangerously resemble post-2008 mistakes that fueled a decade-long supply crunch. Prices may stay flat short-term, but inflation-adjusted home values could surge up to 27% by 2032. Without urgent policy action to support […]
Is BC’s Housing Downturn a Welcome Rebalancing?
Slide 1: 🏠 BC housing shock – Prices still sky-high, but renter vacancy rates finally rising. Slide 2: 📈 Decades of boom – Detached homes hit 25× median income in 2018, now 19×. Slide 3: 💰 Speculation craze – Investors flipped condos; foreign buyers fueled bubble before 2017. Slide 4: 🏗️ Upzoning paradox – Denser […]
US Trade Reset Opens New Opportunities for Canada’s Housing Market
Canada's review of the Canada-US-Mexico Agreement (CUSMA) impacts housing costs, construction, and mortgage risk due to heavy reliance on US trade, especially in lumber, steel, and aluminum. Despite low effective tariffs, US sectoral tariffs on these materials raise costs and affect affordability. Trade tensions and geopolitical uncertainty dampen housing market recovery hopes. Concessions on tariffs […]
Delayed Construction Could Push BC Home Prices 27%
Slide 1: 7,000+ unsold B.C. homes—highest since the 1990s, construction stalled. Slide 2: High interest rates + project cancellations = weak demand, echoing 2008 crash. Slide 3: Delayed builds today could spike prices 27% by 2032. Slide 4: Policy fixes: expand GST breaks, ease foreign-buy rules, cut dev charges. Slide 5: Construction costs doubled since […]