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’s Real Estate Recovery Takes Shape
We're seeing the first real signs of a housing market recovery across Canada. After a tough period of sharper declines, sales and inventory are stabilizing—and there are even early price upticks. Looking ahead, projections for 2026 suggest sales might dip about 4% to around 453,000 homes, with average reference prices easing by about 2% to […]
Canadian Home Prices Only Have One Path Forward
While Canadian housing affordability has now improved for the 11th consecutive quarter—the index stands at 41.3%, reflecting a 2.4-point drop year-over-year—the reality is the path forward for home prices remains clear. Even with relief from recent rate cuts, slight price adjustments, and some income growth, prices are still hovering near record highs and true affordability […]
Home sales remain low but recovering slowly, says BCREA
As we watch the British Columbia real estate market adjust, it's clear that recovery is happening—just at a measured pace. In August, residential home sales across the province totaled $5.2 billion, a 4.8% decrease, while the average home price settled at $924,826, down by 1%. Sales volume also dipped by 5.5% to 46,069 homes. For […]
B.C. Home Market Shows Signs of Gradual Recovery in August
August brought another dip in B.C. home sales, with a 4.7% year-over-year decrease to 5,653 properties sold and average prices hovering just under $925,000. While the market is showing signs of gradual recovery, activity remains below long-term averages. It's interesting to see how regions differ: Okanagan experienced a notable 22% drop in sales, whereas South […]