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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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 […]
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 […]