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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Funding boost will help local governments deliver homes quicker
B.C. is investing $9 million in the Local Government Development Approvals Program to help municipalities streamline permitting and development approvals, speeding up housing delivery. The program supports projects that improve efficiency, such as digital permitting and updated bylaws. Past funding helped cities like Burnaby and Nanaimo cut approval times significantly. The next intake opens in […]
Why Bank of Canada May Delay Cuts
GDP ↓ 1.6% in Q2, mostly from weaker exports, while domestic demand stayed resilient and masked headline weakness. Consumer spending ↑ 4.5% and housing investment ↑ 6.3%, showing earlier rate cuts are supporting rate-sensitive sectors. Markets price 48% chance of a September cut, but pending labour and inflation data may delay action. Policy impact needs […]
Greater Vancouver Market Update
Bank of Canada cuts key interest rate to 2.5%. Here’s what it means for B.C. homeowners and the housing market
The Bank of Canada cut its key lending rate to 2.5% to support a weakening economy and ease inflation, which slowed to 1.9%. This benefits variable rate mortgage holders with modest savings and may encourage buyers amid rising unemployment and high listings. Experts advise those nearing mortgage renewal to consider options carefully, possibly favoring variable […]