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Blog by Mario Felicella - Sutton Group Westcoast Realty

2440 VENABLES Street, Vancouver East, British Columbia

December 30th, 2012

I just finished uploading this House for sale, 2440 VENABLES Street, Vancouver East, British Columbia

Fantastic family home, the nicely maintained and updated home has it all. The main floor features 3 bedrooms, large living room, great kitchen with family room/eating off kitchen plus nicely updated bathroom. The main floor walks out to a southern covered (7'7 x21'7) deck area. Down offers ful ...

3189 DIEPPE Drive, Vancouver East, British Columbia

December 28th, 2012

I just finished uploading this House for sale, 3189 DIEPPE Drive, Vancouver East, British Columbia

Better than NEW in popular Renfrew Heights. This 3250 sq.ft home features brand NEW Kitchen, HARDWOOD Flooring, Designer Paint inside & outside, Doors & Mouldings & the list goes on and on.. Upstairs features 4 spacious bedrooms, 2 Master B edrooms, 3 full baths UP & VIEW from upper Deck! Downsta ...

Canada home sales down 1.7 percent in November from October

December 17th, 2012

Lower home sales in November have prompted the Canadian Real Estate Association to cut the sales forecast it released in September for this year and next.

The association said Monday that sales over the Multiple Listing Service fell 1.7 per cent from October to November, with activity last month coming in 11.9-per-cent lower than last November.

When it released its forecast in Sep ...

Total value of homes sold in B.C. dropped by nearly one-quarter in November

December 14th, 2012
The total value of homes sold in B.C. dropped by nearly one-quarter in November, with declines in Vancouver and the Fraser Valley leading the slide.

The dollar volume of homes sold through the Multiple Listing Service in B.C. declined 24.6 per cent to $2.3 billion in November compared to the same month last year, the B.C. Real Estate Association reported Thursday.

Cameron Muir, BCREA’ ...

Bank of Canada's interest rate warning have driven homeowners to lock in mortgages

December 12th, 2012
Two prominent voices made the case on Tuesday that Canada’s housing market is currently undergoing a soft landing, and that a “sustainable” path is around the corner.

In a speech to the CFA Society in Toronto, Bank of Canada governor Mark Carney said a combination of new mortgage rules introduced by the federal government, as well as a clear tightening bias from the central bank, are ...

Housing starts fall for third straight month

December 11th, 2012
Canada Mortgage and Housing Corp. says the pace of housing starts fell in November for a third straight month.

The agency says there were 17,646 actual starts last month, which translates to a seasonally adjusted annual rate of 196,125 units, down from 203,487 in October.

The decrease was mainly attributed to declines in single-detached and multi-unit housing construction in Ontario and B ...

Canadian interest rates stay at 1%

December 4th, 2012
The Bank of Canada is keeping its trendsetting interest rate anchored at one per cent for the remainder of the year and sending a message that it still believes the cost of borrowing in Canada will go up at some point in the future.

The decision by the central bank's policy setting panel was in line with the expectations of markets and economists, who had given only low odds to gover ...

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