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Payam Ali Real Estate Group
Real Estate, without the BS
• Real Estate vlogs • Real conversations • Actual advice
Serving The Greater Vancouver Area
20+ years of combined experience

10/30/2026

B.C. small businesses are falling behind the rest of Canada. 📉

New data from Xero, reported by Daily Hive, shows that small business sales in British Columbia fell 2.6% in the third quarter of 2026 compared with the same period last year.

Meanwhile, sales across Canada increased 2%, and Alberta saw growth of 5.9%.

Here's what makes this interesting.

B.C. businesses actually receive payments faster than any other region tracked, averaging just under 25 days.

According to Xero, the bigger challenge is weak customer demand. High fuel costs, trade uncertainty and pressure on household budgets are making conditions difficult for local businesses.

🏡 So what does this mean for Greater Vancouver real estate?

When families have less disposable income, it can influence their decisions about buying, selling, renovating or taking on a mortgage.

These figures don't predict where housing prices are heading, but they offer another important perspective on the financial pressures affecting our communities.

Have you noticed people cutting back on spending in your neighbourhood?

DM us if you're curious how current economic conditions could affect your next real estate move.

You can also call us at 604 728 2220.

I'm Payam with Payam Ali Real Estate Group, helping locals buy, sell, invest, and stay ahead of what's changing in Greater Vancouver real estate.

Article: Daily Hive | Hanna Hett.
Image: Pixelife Studio/Shutterstock.

10/30/2026

Burnaby just saw a $38.5 million housing deal, and it wasn’t another luxury condo purchase. 🏙️

Anthem Properties sold two affordable rental buildings near Central Park in Metrotown to nonprofit Connective.

That’s 178 homes in total:

🏢 92 homes at The Standard

🏢 86 homes at NUVO

All 178 homes are offered at rents 20% below CMHC’s median market rent, and both buildings are already fully occupied.

Here’s what makes this interesting.

Burnaby’s housing agreements already required these properties to remain affordable rentals. This transaction doesn’t create 178 new affordable homes. Instead, it transfers the buildings into long term nonprofit ownership.

Connective also confirmed that it financed the $38.5 million purchase through mortgages and private investment, without assistance from the provincial or federal Rental Protection Funds.

That works out to approximately $216,000 per rental home across the two buildings. Of course, that's an average commercial acquisition price, not what an individual condo would sell for.

For Metro Vancouver, this raises an interesting question about how developers and nonprofit organizations can work together to preserve affordable housing while supporting future development.

Do you think we should see more partnerships like this in Burnaby?

If you're considering buying, selling, or investing in Burnaby, call us at 604 728 2220 or DM us. We're happy to help you understand what's changing in the local market.

I’m Payam with Payam Ali Real Estate Group, helping locals buy, sell, invest, and stay ahead of what’s changing in Greater Vancouver real estate.

Article: The Realist | Howard Chai.
Images: Anthem Properties.

10/30/2026

On December 20, 2018, a powerful windstorm tore through White Rock and split its famous pier in two. 🌊

A floating dock carrying sailboats broke loose. The boats smashed into the pier as waves battered the waterfront. Five people escaped toward shore, but one man was trapped beyond the collapsed section and had to be rescued by a military helicopter.

The City of White Rock later reported that 15 boats sank nearby.

When the pier was rebuilt in 2019, steel piles and a concrete deck were installed beneath the familiar wooden surface. It reopened on August 27, 2019.

Do you remember this storm?

Follow us for more incredible stories from British Columbia's past.

Thinking of buying or selling in Greater Vancouver? Call or DM Payam Ali Real Estate Group at 604-728-2220.

Footage and photo credits: Sanjha TV (YouTube, “B.C. wind storm”); CBC British Columbia (YouTube, “Storm destroys popular tourist spot”); AMAZING VIDEOS (YouTube uploader, “pier collapses”); Global News (2018 pier collapse and rescue reporting); Tim Shields (2018 eyewitness photography and footage); City of White Rock (pier reconstruction and restoration images, documents 6237 and 12464).

10/29/2026

🏙️ **Surrey's new medical school could change much more than healthcare.**

Surrey City Centre is preparing for another major transformation, and SFU's new Stephens Family School of Medicine is at the centre of it.

The first 48 medical students began their studies in August 2026. But the bigger development is still ahead.

🏗️ **Here's what's coming to Surrey:**

The permanent medical school is planned to open in 2030 as part of Centre Block, directly beside Surrey Central SkyTrain Station.

The project includes:

🏥 A publicly accessible family medical clinic

🎓 Medical classrooms and research facilities

👶 A childcare centre with 49 spaces

🏬 Ground floor retail and office space

🚉 Direct access to major transit connections

And that's only the first phase.

The broader Centre Block development is planned to deliver approximately 2 million square feet of office and institutional space.

**So what does this mean for real estate?**

More employment, education, and healthcare services could make Surrey City Centre an even more attractive place to live and work.

But there's another side to this story. More students, employees, and businesses could also mean greater demand for nearby housing. Whether that translates into higher property values or rents remains uncertain.

Do you think Surrey City Centre could eventually rival downtown Vancouver as a major urban hub?

💬 DM me if you're curious how Surrey's ongoing development could affect your next real estate move.

📞 Call or text me at 604 728 2220.

I'm Payam with Payam Ali Real Estate Group, helping locals buy, sell, invest, and stay ahead of what's changing in Greater Vancouver real estate.

What do you think? Drop your thoughts below.
Article: The Globe and Mail | David McPherson.
Images: Supplied by Stantec and Revery Architecture.

10/29/2026

Surrey’s next big real estate story might start with jobs, not condos. 👀

A new BCBusiness feature looks at Innovation Boulevard, a partnership between the City of Surrey and SFU that helps local businesses connect with research, technology and specialized testing facilities.

The City says the initiative has supported more than 250 businesses since 2025. One example is Merit Kitchens, which says the network has helped it explore solutions and improve its processes.

Why does this matter if you live, own or invest in Surrey?

A stronger local business base could mean more opportunities to work closer to home and eventually influence demand for housing, retail and commercial space.

But more business activity does not automatically mean higher property prices. Infrastructure and housing supply still matter.

What should Surrey prioritize next: more local jobs, more housing or better transportation?

Curious how neighbourhood changes could affect your next move? Call us at 604 728 2220 or DM us.

I’m Payam with Payam Ali Real Estate Group, helping locals buy, sell, invest, and stay ahead of what’s changing in Greater Vancouver real estate.

Article: BCBusiness (sponsored content) | Remi Wright.

10/29/2026

Richmond wants to take ownership of Watermania, a property assessed at nearly $50 million. 🏊

But here's something many residents might not realize. The City of Richmond operates Watermania, but it doesn't own the property.

The city has leased the site since 1997, and that lease is scheduled to expire in March 2027.

In July, Richmond filed an expropriation notice, seeking ownership of the property to protect essential community services and support long term financial planning.

But the private landowner is challenging the decision.

According to the owner's lawyers, negotiations for a new lease began earlier this year, but the city proposed paying less rent than it currently does.

The owner's position is that Richmond could simply negotiate a new lease instead of forcing a sale.

The property is assessed at approximately $49.4 million, making this a significant real estate decision.

There's another complication. The land is located within the area connected to the Cowichan Tribes litigation, which remains under appeal.

A formal inquiry into the proposed expropriation begins November 30.

This raises an important question about property rights in British Columbia.

Should municipalities be allowed to force private property owners to sell when they believe it's in the public interest? Or should they exhaust other options first?

If you're curious about how major property decisions could affect your neighbourhood, DM us.

You can also call us at 604 728 2220.

I'm Payam with Payam Ali Real Estate Group, helping locals buy, sell, invest, and stay ahead of what's changing in Greater Vancouver real estate.

What do you think? Drop your thoughts below.

Article: Richmond News | Maria Rantanen
Image: Google Maps

10/29/2026

On January 5, 2007, Vancouver watched BC Place's giant white roof tear open and sink.

The stadium's original dome wasn't supported by conventional steel beams. Air pressure kept it inflated. When snow and slush accumulated and the fabric ripped, the roof deflated. Nobody was injured.

Investigators later concluded the failure was preventable. The dome was patched, reinflated on January 19, and even hosted the opening ceremony of the 2010 Winter Olympics before being replaced with a retractable roof in 2011.

Do you remember Vancouver's old marshmallow roof?

For honest Greater Vancouver real estate advice, DM us or call/text 604-728-2220. I'm Payam with Payam Ali Real Estate Group. See local listings at soldbypa.com/listing.

VIDEO CREDITS:
CTV, “BC Place Deflating!” (original footage credited to CTV): https://f.mtr.cool/aiaycgbe85
24 Hours Vancouver, “BC Place Roof Rip”: https://f.mtr.cool/wse3a9qcj4
PHOTO CREDITS:
Kennedy Goodkey, Mike, Iwona Erskine-Kellie, Thomas Quine, GoToVan, Roberto Fung and Robert Ashworth, via Wikimedia Commons (CC BY 2.0); Bobanny (public domain). Images cropped/animated. https://f.mtr.cool/eit2ve0sd6

10/28/2026

Disney just gave one of its cruise ships a major makeover, and it happened right here in B.C. 🚢✨

In August, Disney Wonder spent 14 days at Seaspan Victoria Shipyards in Esquimalt. More than 100 projects were completed, with nearly 1,000 crew and cast members contributing.

Crews installed about 19 kilometres of new carpet, refreshed guest spaces, and applied a new hull coating covering an area Disney compares to 10 football fields. The coating is designed to reduce drag and help improve efficiency.

Here’s the Greater Vancouver connection: Disney Wonder uses Canada Place as its Alaska cruise homeport. That brings cruise passengers through downtown Vancouver and contributes to tourism and activity around our waterfront businesses.

It is a reminder that waterfront infrastructure, maritime trades, and tourism all play a role in our local economy, even when the work happens out of sight.

What surprises you more, the scale of the makeover or the fact that this work happened right here in B.C.?

DM us if you're curious about the changes shaping your neighbourhood or your next real estate move.

You can also call us at 604 728 2220.

I’m Payam with Payam Ali Real Estate Group, helping locals buy, sell, invest, and stay ahead of what’s changing in Greater Vancouver real estate.

Article: Daily Hive | Kenneth Chan.
Images: Disney, Seaspan, Macklin Holloway/Shutterstock, Kenneth Chan/Daily Hive, Le Télégramme.

10/28/2026

Vancouver just saved a 30 year tradition! 📚❤️

For three decades, Poetry in Transit has brought the work of local BC poets directly onto TransLink buses, giving thousands of commuters a little inspiration during their daily travels.

But that tradition was almost coming to an end.

TransLink had originally planned to discontinue its participation in the program in 2027 due to financial pressures.

Then Vancouverites spoke up.

A petition gathered over 1,900 verified signatures, with poets, artists, and everyday transit riders calling for the program to continue.

And it worked!

TransLink has officially reversed its decision, announcing that it found a way to continue the partnership with Books BC by reviewing available advertising space.

The program, which first launched in 1996, will continue bringing local poetry to Metro Vancouver commuters.

And while this might seem like a small victory, it's a reminder that a city's character isn't just about buildings, roads, and infrastructure.

It's also about the little cultural experiences that make our communities feel like home.

Have you ever stopped to read one of these poems while riding a TransLink bus?

DM me if you're curious about the neighbourhoods, transit connections, and local changes that could affect your next real estate move.

You can also call or text me at 604 728 2220.

I'm Payam with Payam Ali Real Estate Group, helping locals buy, sell, invest, and stay ahead of what's changing in Greater Vancouver real estate.

What do you think? Drop your thoughts below.

Article: Daily Hive | Daniel Chai
Images: Books BC; Save Poetry in Transit Committee

10/28/2026

🏡 **Richmond property owners could see a major development in January 2027.**

The Cowichan Tribes' lawyer, David Rosenberg, says the Tribes plan to present a proposal to the court that would protect private property rights and values while also respecting Aboriginal title.

This follows the landmark August 2025 B.C. Supreme Court ruling that recognized Aboriginal title over a defined area of Richmond, including some privately owned properties.

The ruling raised serious questions about how private property ownership and Aboriginal title can coexist.

**But here's an important distinction.**

The proposal has not been approved. It is expected to be presented during court proceedings concerning requests to pause parts of the ruling while appeals move forward.

Meanwhile, B.C.'s incoming Conservative government has promised to repeal the province's Indigenous rights declaration law. The Cowichan Tribes' lawyer argues that repealing the legislation would not reverse the court's orders.

For homeowners, buyers and investors, this is ultimately about clarity, legal certainty and confidence in property ownership.

The outcome remains uncertain, and the case concerns a specific area of Richmond, not every property in British Columbia.

💬 Do you think a solution can protect private homeowners while recognizing Indigenous title rights?

📩 DM me if you're curious how developments like this could affect your next move in Greater Vancouver real estate.

📞 You can also call or text me at 604 728 2220.

I'm Payam with Payam Ali Real Estate Group, helping locals buy, sell, invest, and stay ahead of what's changing in Greater Vancouver real estate.

What do you think? Drop your thoughts below.

Article: Castanet | Wolfgang Depner, The Canadian Press.

Article photo: Darryl Dyck, The Canadian Press.

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V6J1M8

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https://soldbypa.com/, http://soldbypa.bio/

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