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Blog by Mario Felicella - Sutton Group Westcoast Realty

Will the real estate market in Canada begin to slow slightly next year?

August 24th, 2015

A recent report by RBC Economics anticipates that the real estate market in Canada will begin to slow slightly next year as interest rates increase. However the report thinks the risk of an outright crash is low as it is expecting the economy to grow.

There is a possibility that things could be different if there is a dramatic increase in interest rates or if employment rates plunge due to ...

Average Vancouver home price to hit $920K in 2016

August 18th, 2015
As densification development continues throughout Greater Vancouver, the single-detached home is becoming a more sought after commodity — leading the average price to rise more than $70,000 in the past year.

That number comes from a housing forecast update published by the B.C. Real Estate Association this month. According to their statistics, the average home in Greater Vancouver sold for $81 ...

3593 32ND AVENUE, Vancouver West, BC

August 15th, 2015

I just finished uploading this Other for sale, 3593 32ND AVENUE, Vancouver West, BC

Prime Dunbar location, build your Westside dream home, rare opportunity to purchase lot next door. Fantastic location walk to Dunbar Village, Endowment Lands, and best schools Saint Georges and Crofton House. Situated on the corner of 32nd and Dunbar, looking onto beautiful Memorial West Park. Hurry will not last.

3593 32ND AVENUE, Vancouver West, BC

August 15th, 2015

I just finished uploading this HouseSingle Family for sale, 3593 32ND AVENUE, Vancouver West, BC

Prime Dunbar location, build your Westside dream home, rare opportunity to purchase lot next door. Fantastic location walk to Dunbar Village, Endowment Lands, and best schools Saint Georges and Crofton House. Situated on the corner of 32nd and Dunbar, looking onto beautiful Memorial West Park. Hurr ...

1102 31 ELLIOT STREET, New Westminster, BC

August 15th, 2015

I just finished uploading this Condo for sale, 1102 31 ELLIOT STREET, New Westminster, BC

Amazing views! Huge renovated 2 bed, 2 bath and 2 parking apartment with view from almost every room. This awesome home offers an open plan, fabulous updated kitchen, 2 large bedrooms and two full size bathrooms. The building has had the the roof replaced in 2007, re piped in 2012 and is currently being u ...

1102 31 ELLIOT STREET, New Westminster, BC

August 14th, 2015

I just finished uploading this Condo for sale, 1102 31 ELLIOT STREET, New Westminster, BC

Amazing views! Huge renovated 2 bed, 2 bath and 2 parking apartment with view from almost every room. This awesome home offers an open plan, fabulous updated kitchen, 2 large bedrooms and two full size bathrooms. The building has had the the roof replaced in 2007, re piped in 2012 and is currently being u ...

1102 31 ELLIOT Street, New Westminster, British Columbia

August 13th, 2015

I just finished uploading this Condo for sale, 1102 31 ELLIOT Street, New Westminster, British Columbia

Amazing views! Huge renovated 2 bed, 2 bath and 2 parking apartment with view from almost every room. This awesome home offers an open plan, fabulous updated kitchen, 2 large bedrooms and two full size bathrooms. The building has had the roof replaced in 2007, re piped in 2012 and is current ...

Metro Vancouver home prices surge as seller’s market continues

August 10th, 2015

Seller’s market conditions continue to drive the Metro Vancouver and Fraser Valley housing markets, with stronger sales occurring during a period of reduced supply.

The Real Estate Board of Greater Vancouver reported Wednesday that 3,978 homes were sold on the Multiple Listing Service in July — a 30-per-cent increase over July sales last year.

The higher sales figure came despite the number of ...

Are housing markets in Toronto and Vancouver at risk of a price crash?

August 5th, 2015
Are housing markets in Toronto and Vancouver at risk of a price crash?

Not a huge risk, if history is any indication.

In a report titled "Assessing the risk of a disorderly home price correction in Toronto and Vancouver," TD Economics said that both markets face only a "medium-to-moderate" chance of a deep crash.

Economists Derek Burleton and Diana Petramala came to ...

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