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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New legislation to ensure prompt payment in B.C.’s construction industry
British Columbia is introducing prompt-payment legislation for the construction sector to ensure contractors, subcontractors, and workers are paid fairly and on time. The law sets clear payment timelines, establishes a fast-track dispute resolution process, and aims to improve cash flow and stability. It applies to both private and public projects, supporting smoother project progress and […]
Canada’s Condo Price Snapshot 2025
New condo prices nationally edged down 0.2% in Q2 2025 but are 0.6% higher than the same quarter last year. Prices remain 1.1% below the 2022 peak but are up 33.3% since early 2017, showing significant long-term growth. Markets vary widely: Montréal, Ottawa, and Edmonton near or at record highs, while Toronto, Vancouver, and Victoria […]
Falling Lumber Prices and Canada’s Housing Outlook
US lumber prices have ↓ ~25% since early August, raising concerns for Canada’s housing market. Falling lumber prices often signal slowing construction demand or excess supply in the housing sector. Canadian mills face oversupply, especially in Western Canada, causing low prices and reduced profits. Lower lumber costs may ease construction prices, but high duties and […]
Confidence, choice and prices drive housing activity in Canada
Canada's housing market shows mixed trends: national home sales rose 1.1% in August with prices dipping slightly, reflecting improved buyer confidence and lower interest rates. Ontario and British Columbia face high inventory and price pressure, creating buyer’s markets, while the Prairies, Quebec, and Atlantic Canada experience tighter supply and modest price gains. Affordability challenges and […]