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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BCREA Urges Proactive Steps for a Resilient Housing Market
British Columbia's housing market faces a 30-year high in unsold new-home inventory, especially apartments, due to weak pre-sales and project delays. This mirrors post-2008 trends, risking future undersupply and a potential 27% rise in inflation-adjusted home prices by 2032. To improve affordability, policies should boost demand—such as expanding GST exemptions—and support supply by reducing development […]
Housing market poised for modest rebound in 2026
After B.C.'s weakest home sales year in over a decade, a modest rebound is expected in 2026, with most regions returning to average sales levels. Metro Vancouver's recovery will be slower, with sales rising 5-10% but remaining below average. Stable mortgage rates and pent-up demand support the rebound, though excess inventory keeps prices flat. Buyers […]
2025 Brings Affordable Opportunities for BC Homebuyers
British Columbia's 2025 residential home sales hit a decade low, with a 5.6% drop to 70,255 units and an 8.3% decline in sales dollar volume to $67 billion. The Lower Mainland and Vancouver Island saw significant sales decreases, while the Okanagan and Kootenays experienced over 8% growth. Average home prices fell 2.9% provincewide to $953,345, […]
Key Considerations Before Buying a New-Build Home
Evaluate floor plans carefully to match current and future family needs, including basements and outdoor spaces. Check which appliances and features are standard versus upgradable, focusing on energy efficiency and lifestyle priorities. Review the builder’s warranty program, covering workmanship, materials, and major structural components. Assess the neighborhood for essentials, schools, emergency services, and long-term development […]