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Blog by Mario Felicella - Sutton Group Westcoast Realty

Vancouver residential land prices soared in 2014

September 22nd, 2014
Developer Westbank paid $32.4 million, or more than $15 million per acre, for the 2.2-acre site of its new Vancouver House residential tower. But that is not the most expensive residential land sale in Metro Vancouver thus far this year.

Top-dollar prize in that category goes to the $83.5 million paid for a site measuring less than an acre on Alberni Street in Vancouver’s West End ...

Average Canadian house price rises 5.3% to $398,618

September 15th, 2014

The average price of a Canadian home has increased by more than five per cent in the past year, according to the Canadian Real Estate Association.

The realtor group says the average home sold went for $398,618 in August.

As has been the case for several years, CREA says hot markets in Vancouver and Toronto are skewing the national average higher.

Toronto home prices increased almost ei ...

1952 CHARLES Street, Vancouver East, British Columbia

September 12th, 2014

I just finished uploading this House for sale, 1952 CHARLES Street, Vancouver East, British Columbia

Awesome location, just blocks off the Drive. This home offers 3 bedrooms on the main and a 2 bedroom revenue suite. The house is perfect for a renovation, so bring your ideas. The property is zoned RT-4 for a duplex. Hurry on this one! All showing are by appointment only. FIRST SHOWING IS SUNDA ...

3686 POINT GREY Road, Vancouver West, British Columbia

September 12th, 2014

I just finished uploading this House for sale, 3686 POINT GREY Road, Vancouver West, British Columbia

Character home on Point Grey Road "The Golden Mile" with partial water and mountain view! Almost 3000sf home with 7 bedrooms on a 6546sf lot. Zone RT-8. Renovate to move in, build a new home of approx. 3200sf (max 0.5 FSR w/city approval), or retain the original exterior with addition/extensio ...

3017 2ND Ave W, Vancouver West, British Columbia

September 12th, 2014

I just finished uploading this Duplex for sale, 3017 2ND Ave W, Vancouver West, British Columbia

MASSIVE VIEWS! THIS IS IT NORTH OF 4th AVE! GORGEOUS BRAND NEW 3 BED & 3 BATH 3 LEVEL HALF DUPLEX-REAR UNIT on 40' LOT. Awesome open plan main floor, over height ceilings with huge living and dining area that walk out to a totally private yard. HUGE gourmet kitchen with island; model European sty ...

3015 2ND Ave W, Vancouver West, British Columbia

September 12th, 2014

I just finished uploading this Duplex for sale, 3015 2ND Ave W, Vancouver West, British Columbia

THIS IS IT NORTH OF 4th AVE! GORGEOUS BRAND NEW 3 BED & 3 BATH 2 LEVEL HALF DUPLEX-FRONT UNIT on 40' LOT. Massive open plan main floor, over height ceilings with huge living and dining area that walk out to a private sundrenched yard. Amazing gourmet kitchen with island; model European style cabi ...

Vancouver single-family detached homes hit record high prices

September 8th, 2014

Greater Vancouver and Fraser Valley home buyers have pushed up prices for single-family detached houses to record highs.

The benchmark home price index hit $984,300 last month for detached properties sold in Greater Vancouver, up 6.6 per cent from August, 2013. In the Fraser Valley, which includes the sprawling and and less-expensive Vancouver suburb of Surrey, the detached price ind ...

Canadian house prices forecast to climb further

September 2nd, 2014

The risk of a property market crash in Canada has not ebbed, according to an increasing number of analysts polled by Reuters who said chances of a steep fall in prices have increased in the past year.

Still, the survey medians showed house prices will likely rise more than earlier expected at least until 2017, reflecting ongoing reluctance by forecasters, many of whom work for mort ...

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