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 Condo Fees Buyers Should Know
Condo fees are monthly payments covering shared building costs, including maintenance, amenities, common services, and sometimes utilities, separate from mortgage and taxes. Fees usually reflect each unit's share of common expenses, often tied to size, parking, lockers, amenities, and governing documents, so neighbors may differ. A portion supports reserve funds for major repairs, like roofs […]
Four Straight Rate Holds: How They Are Impacting Housing Markets
The Bank of Canada held its policy rate at 2.25%, providing stability and predictability for borrowers after multiple consecutive rate holds since late 2025. Fixed mortgage rates remain influenced by higher bond yields, but current offerings still provide competitive options for buyers seeking balance between cost and payment certainty. Housing activity faces affordability and population […]
Why timing the bottom of Canada’s roller-coaster real estate market may be harder than you think
Canada's housing market, after a nearly 20% price drop since 2022, shows signs of stabilizing, especially for single-family homes, while condos remain oversupplied. Government measures like tax breaks on new homes aim to boost demand. However, economic uncertainties, including inflation, interest rate fluctuations, and global conflicts, continue to affect market predictability. Prices may decline further […]
BC Housing Market Shows Resilience Amid 2026 Challenges
MLS residential sales in BC are expected to decline 2.1% to 68,700 units in 2026, then rise 7.7% to 74,000 units in 2027. High active listings and new-home inventory contribute to a forecasted 1.4% drop in average price to $939,800 in 2026, mainly due to weakness in pricier Lower Mainland markets. Improved affordability and pent-up […]