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Blog by Mario Felicella - Sutton Group Westcoast Realty

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Where do Canada's mortgage rates go from here?

March 26th, 2013
They can’t go lower, can they? And what if mortgage rates start to climb? Could that be the last straw for the housing market?

It’s tough to make a pan-Canadian call on where real estate will land in 2013. The Prairie provinces seemed posed to avoid the downturn, but sales are starting to fall in many markets with a price dip happening already or predicted to be on the horizon.

All this i ...

Simple ways to pay off your mortgage faster

March 22nd, 2013

When interest rates are low, most people think it's a great time to borrow. But when interest rates are low it may be the best time to pay down debts, because you pay down principal faster. Here are some strategies to help you pay your mortgage off faster.

LOWER YOUR RATE

One of the best things you can do to save money on your mortgage is shop around for the lowest interest rate ...

Canadian home prices drop for sixth month straight

March 20th, 2013
The Teranet-National Bank house price index had its sixth consecutive month-to-month decline in February, providing more evidence of the cooling trend that has beset home sales since last summer.

The index fell 0.2% from January and increased only 2.7% on a year-to-year basis from February 2012.

That matched January’s year-to-year increase, the smallest since November 2009.

Teranet compiles ...

Canada’s new home prices rose 0.1 per cent in January

March 14th, 2013
Statistics Canada says its price index for new homes rose 0.1% in January, following a 0.2% increase in December.

The agency says the metropolitan region of Toronto and Oshawa, as well as the Calgary region, were the top contributors to the increase.

Builders cited market conditions as the primary reason for higher prices in Toronto and Oshawa, while increased material and labour costs co ...

Vancouver’s real estate market mirrors Chinese economy

March 12th, 2013

Vancouver’s housing market fortunes closely mirror trends in the Chinese economy, according to an analysis by an economist with the Conference Board of Canada.

Robin Wiebe says his number crunching has found that there are strong links between home sales, price growth and housing starts in Vancouver and the overall health of the economy in China.

Wiebe made the same comparison with ...

Kitsilano Open House!

March 7th, 2013

We are proud to announce that this Mar 10th, 2:00 PM to 4:00 PM we will be hosting an Open House at 2130 12TH Ave W in the Kitsilano neighborhood, Vancouver West. This is an opportunity to visit this excellent Condo for sale in beautiful Kitsilano.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Kitsilano Condo for sale.

As always please do no ...

1380 THURLOW Street, Vancouver West, British Columbia

March 7th, 2013

I just sold this House at 1380 THURLOW Street, Vancouver West, British Columbia West End VW.

View this recently sold House or see all my home sales

402 2130 12TH Ave W, Vancouver West, British Columbia

March 7th, 2013

I just finished uploading this Condo for sale, 402 2130 12TH Ave W, Vancouver West, British Columbia

TOTALLY RENOVATED. Amazing huge top floor 1 bed & den, 2 parking and storage condo with over height ceiling, skylight and massive windows! This is the best of the best. Grand entry that leads into a beautiful living area. The kitchen is large and open with a bright skylight, new counters, cab a ...

Arbutus Open House!

March 7th, 2013

We are proud to announce that this Mar 10th, 2:00 PM to 4:00 PM we will be hosting an Open House at 3366 PUGET Drive in the Arbutus neighborhood, Vancouver West. This is an opportunity to visit this excellent House for sale in beautiful Arbutus.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Arbutus House for sale.

As always please do not he ...

Great news for homebuyers as interest rates stay low

March 6th, 2013
The Canadian dollar was lower after the Bank of Canada said it's leaving the key overnight interest rate unchanged at one per cent and again suggested it will stay that low for some time.

The currency slipped 0.4 of a cent to a fresh, eight-month low of 96.88 cents US as the bank said that "the considerable monetary policy stimulus currently in place will likely remain appropriate fo ...
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