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Blog by Mario Felicella - Sutton Group Westcoast Realty

What is predicted for Canada's housing market in 2015?

December 23rd, 2014

There were no double-digit price gains in the country’s hottest real estate markets this year. Instead, Calgary, Toronto and Vancouver saw prices increase between 5% and 7%, according to each city’s real estate board.

And as Sal Guatieri predicted, interest rates held steady.

But that will change in 2015, says the senior economist at BMO Capital Markets. Rates will go up, but slowly.

“We d ...

Housing prices in Lower Mainland are predicted to rise by 3% in 2015

December 16th, 2014

Housing prices in Lower Mainland are predicted to rise a modest three per cent in 2015, while Canada’s highest prices, in Vancouver, will be sustained by demand from Mainland Chinese buyers.

That’s the view from RE/MAX’s 2015 national housing outlook, in a relatively optimistic report that suggests Greater Vancouver real estate is well supported by a variety of supply and demand factors.

The re ...

Is 2015 the year the Bank of Canada finally raises interest rates?

December 10th, 2014
After 18 months on the job, Bank of Canada governor Stephen Poloz has yet to wield the primary tool at his disposal: the key interest rate.

When Poloz took the bank’s reins in June 2013, he inherited an overnight rate set nearly three years earlier by his predecessor Mark Carney. That rate has yet to budge from one per cent, idling for one of the longest stretches in Bank of Canada history.

Bil ...

MacKenzie Heights Open House!

December 5th, 2014

We are proud to announce that this Dec 7th, 2:00 AM to 4:00 PM we will be hosting an Open House at 3017 2ND Ave W in the MacKenzie Heights neighborhood, Vancouver West. This is an opportunity to visit this excellent Duplex for sale in beautiful MacKenzie Heights.

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

A ...

2219 SOUTHSIDE Drive, Vancouver East, British Columbia

December 5th, 2014

I just sold this Townhouse at 2219 SOUTHSIDE Drive, Vancouver East, British Columbia Fraserview VE.

View this recently sold Townhouse or see all my home sales

8428 GLADSTONE Street, Vancouver East, British Columbia

December 5th, 2014

I just sold this Townhouse at 8428 GLADSTONE Street, Vancouver East, British Columbia Fraserview VE.

View this recently sold Townhouse or see all my home sales

3490 CAMBRIDGE Street, Vancouver East, British Columbia

December 5th, 2014

I just sold this House at 3490 CAMBRIDGE Street, Vancouver East, British Columbia Hastings East.

View this recently sold House or see all my home sales

3619 7TH Ave W, Vancouver West, British Columbia

December 5th, 2014

I just sold this Duplex at 3619 7TH Ave W, Vancouver West, British Columbia Kitsilano.

View this recently sold Duplex or see all my home sales

1628 GEORGIA Street E, Vancouver East, British Columbia

December 5th, 2014

I just sold this Townhouse at 1628 GEORGIA Street E, Vancouver East, British Columbia Hastings.

View this recently sold Townhouse or see all my home sales

Canada’s housing market on solid foundation heading into 2015

December 1st, 2014
One measure which suggests that housing demand is relatively strong heading into 2015 is the number-of-months' supply of homes for sale in Canada, which declined from 5.9 to 5.8 in October, its lowest level since April of 2012.

Also, year-over-year house prices in the Teranet/National Bank House Price Index (+5.4% Oct) and the Canadian Real Estate Assn House Price Index (+5.5% Oct) hav ...

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