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Blog by Mario Felicella - Sutton Group Westcoast Realty

Average selling price in Metro Vancouver rises 4.8%

June 28th, 2013

Balanced housing market conditions throughout Metro Vancouver and the Fraser Valley - with sales representing at least 15 per cent of listings - should ensure stable house prices for at least the next year.

That was the consensus among real estate representatives Thursday after a Conference Board of Canada report revealed home sales rose in 24 of 28 Canadian markets between April a ...

Canada's mortgage rates start to increase

June 25th, 2013
A number of Canada's largest banks are moving to increase mortgage rates.

Scotiabank and the Royal Bank of Canada last Thursday became the latest to announce a round of increases a day after TD Canada Trust boosted its "special" five-year closed rate a tenth of a percentage point to 3.39 per cent.

Scotiabank's discounted rates on two-year, four-year, seven-year and 10-year fixed-ter ...

Canada's housing market scheduled for 2014 rebound

June 19th, 2013

Not so fast. The purported collapse of Canada's housing market does not appear to be in sight, and any correction down the road could likely be a mild one.

Recent data have defied warnings from market watchers of an impending plunge - caused mainly by the impact of tighter mortgage rules imposed by the federal government last summer to slow the race by consumers for record-low le ...

CREA bumps up annual home sales forecast as numbers increase

June 17th, 2013

The Canadian Real Estate Association is raising its forecast for home sales this year, as the steep sales slump that began last summer appears to be abating.

The association, which represents realtors across the country, said Monday that the number of existing homes that changed hands in May came in 2.6 per cent lower than the prior May. About 60 per cent of the local markets that it gat ...

It's official! Canada's housing market is regaining momentum

June 10th, 2013
The Canadian dollar rose against the majority of its most traded peers as a report showed new home construction increased more than forecast in May, adding to evidence the housing market is regaining momentum.

Canadian housing starts rose at their fastest pace in more than a year in May on a surge in condominium construction, Ottawa-based Canada Mortgage & Housing Corp. said on its website Mon ...

Home sales rise in Metro Vancouver

June 5th, 2013

Home sales increased in May for the first time since September 2011, the Real Estate Board of Greater Vancouver reported Tuesday.

The year-over-year increase is small at just one per cent, and the number of sales is still 19.4 per cent below the 10-year average, but sales jumped 9.7 per cent when compared to April, the board reported.

Even though historically (sales) are still low, th ...

Kitsilano Open House!

June 3rd, 2013

We are proud to announce that this Jun 9th, 2:00 PM to 4:00 PM we will be hosting an Open House at 2130 West 8th in HANSDOWNE ROW in the Kitsilano neighborhood, Vancouver West. This is an opportunity to visit this excellent Townhouse 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 Townhouse for sale. ...

2130 West 8th, Vancouver West, BC

June 3rd, 2013

I just finished uploading this 1/2 Duplex for sale, 2130 West 8th, Vancouver West, BC