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Blog by Mario Felicella - Sutton Group Westcoast Realty

Canadian property price rise by 10.1%

March 28th, 2014
Property prices in Canada increased by 10.1% compared with a year earlier, taking the national average price for homes sold in February to $406,372, according to the latest figures from the Canadian Real Estate Association.

CREA says that the size of year on year average price gains continues to reflect the decline in sales activity in February of last year among some of Canada’s ...

Good news for Vancouver real estate as massive transfer of baby boomer wealth looms

March 18th, 2014
A trillion-dollar transfer of wealth as baby boomers come into their inheritances will help Vancouver's real-estate market, a new study finds.

Sotheby's International Realty Canada's Housing and Economic Outlook predicts prices will improve in Canada in part because postwar babies are now coming into their inheritances.

"Another important influence on Canada's housing market is the unprec ...

Real estate prices start year with gain in Metro Vancouver

March 11th, 2014

Lower Mainland real estate markets climbed modestly in the first two months of the year.

The Fraser Valley Real Estate Board (FVREB), which includes Surrey, White Rock and North Delta, reported a benchmark detached house price of $558,100 in February, up about 1.5 per cent from December and up 3.2 per cent year-over-year.

Townhouses were up 0.7 per cent to $296,700 from February of ...

Vancouver real estate prices break records

March 5th, 2014

The million-dollar club isn’t so exclusive in Greater Vancouver, where the average price for single-family detached houses sold has soared to a record high of more than $1.36-million.

Prices surged as total residential sales climbed to 2,530 last month for detached homes, condos and townhouses, up 40.8 per cent from volume of 1,797 properties changing hands in February, 2013, accor ...