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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Is buying a cottage your best path into Canada’s housing market in 2026? Young people seem to think so — here’s why
A study reveals 45% of prospective Canadian buyers, especially those aged 18-34, view recreational properties like cottages as an entry into homeownership due to unaffordable urban homes. Many prefer renovated, year-round cottages. However, challenges include commuting costs if remote work isn't an option, higher maintenance and insurance fees, and fewer amenities. Some recreational markets offer […]
B.C. Home Market Shows Resilience Amid Rising Rates in May
Rising mortgage rates and a weaker labor market are causing home sales in British Columbia, especially the Lower Mainland, to decline. In May, home sales dropped 2% to nearly 6,800 units, with average prices falling 1.4% to just under $946,000. Residential sales dollar volume decreased 8% to $25.1 billion, and year-to-date unit sales fell nearly […]
Most couples prefer cash for down payments over traditional wedding gifts: survey
A survey found 79% of those planning weddings would consider asking for money toward a home down payment instead of traditional gifts, with 82% willing to scale back or skip weddings to save for a home. Rising living costs are causing many to prioritize homeownership over lavish celebrations, especially in expensive regions like B.C. and […]
Canada Rate Decision: What Brokers Watch
Canada's central bank sets policy through a rate-setting council, supported by an internal review committee that advises, while final authority stays with council. Decision preparation blends agency data, market pricing expectations, central bank forecasts, government views, private economist analysis, and business and consumer surveys together. Rate calls follow four stages over several weeks: staff projections, […]