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Blog by Mario Felicella - Sutton Group Westcoast Realty

1740 Kitchener, Vancouver East, BC

December 29th, 2015

I just finished uploading this House for sale, 1740 Kitchener, Vancouver East, BC

Amazing development opportunity, 36’ x 121’ RT-5 duplex southern lot is just half a block for The Drive and half a block to Victoria Park on a very highly developed and sough after street. Here is your chance to build two beautifully appointed attached homes. Hurry on this rarely available property.

Top Vancouver real estate stories of 2015

December 29th, 2015

The economy has been in the dumps, oil prices plummeted, and the Canadian dollar is in the tank, but the housing market still remained red-hot throughout 2015. The most recent statistics from the Real Estate Board of Greater Vancouver indicated that sales in November were 46.2 percent above the 10-year average for that month. So it shouldn’t come as a surprise that the hot housing market tops ...

Average Canadian house price rose 10% to $456,186 in November

December 21st, 2015

The average price of a Canadian home was $456,186 in November, a 10.2 per cent increase compared to the same month a year earlier.

The Canadian Real Estate Association also noted Tuesday that stripping out the expensive and large markets of Toronto and Vancouver, the average price would have been $338,969 — a 3.4 per cent gain compared to November 2014.

The number of homes sold also increased, ...

1605 4182 DAWSON STREET, Burnaby North, BC

December 17th, 2015

I just finished uploading this Condo for sale, 1605 4182 DAWSON STREET, Burnaby North, BC

TANDEM 3 with city, mountain view. Bright updated clean open floor plan unit. Solid wood kitchen cabinets, expensive hardwood floors, granite countertops, S/S appliances, breakfast bar, computer workstation, covered balcony, Fireplace, AC unit in bedroom. Block from SKYTRAIN, shopping, BCIT. Great ameniti ...

Five things to know about the new mortgage rules

December 14th, 2015

Finance Minister Bill Morneau announced Friday the government is increasing the down payment requirements for homebuyers seeking to purchase properties over $500,000. The move is designed to cool down the smoking-hot housing market in some of Canada's biggest cities. Here are five things to know about the changes:

Who's affected: Given Toronto and Vancouver are thought to be the targets of the ...

B.C. to be fastest growing Canadian province over the next two years

December 7th, 2015
British Columbia will be the only province expected to post growth of better than 3 per cent over the next two years. According to The Conference Board of Canada's latest Provincial Outlook, real GDP is forecast to grow 3.1 per cent this year and 3.6 per cent in 2016.

"The bright outlook for the province is largely thanks to the construction industry. A major investment in a LNG project could ...

Vancouver considers 2.3 per cent property tax hike for 2016

December 1st, 2015

Vancouver is proposing a 2.3 per cent property tax increase as part of its 2016 operating budget as it prepares to replace fire boats and trucks, add parks and reduce building permit waiting times.

Last Thursday the city released its draft budget and five-year financial plan, saying the proposed tax increase is in line with inflation forecast by the Conference Board of Canada.

The proposed $1.2 ...

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