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Blog by Mario Felicella - Sutton Group Westcoast Realty

Metro Vancouver house prices not much better in the suburbs, says study

September 30th, 2015

How much money do you save on housing by moving to the 'burbs?

A new study says the grand total is pretty much nothing.

Bing Thom Architects predicts that soon no single-family home in Metro Vancouver will be worth less than a million dollars, because once you add the cost of commuting to the cost of living in the suburbs, you may as well be buying in Vancouver.

"What we found is that 28 per cen ...

2001 838 HASTINGS STREET, Vancouver West, BC

September 25th, 2015

I just finished uploading this Condo for sale, 2001 838 HASTINGS STREET, Vancouver West, BC

#2001 is the highest "01" for its unique layout and a better view. It has a decorative round ceiling in the living room area.

Luxury home sales in Vancouver saw nearly 70% increase over summer

September 24th, 2015
Vancouver’s luxury housing market has experienced significant gains over the summer and that trend is forecasted to continue into the fall.

Sales of detached homes and condos worth over $1 million rose nearly 70 per cent in July and August in Vancouver, and homes worth over $4 million rose 50 per cent. Foreign investors from Mainland China are partial contributors to the boom.

Sotheby’s Interna ...

Vancouver and Toronto home prices poised to surge ever higher

September 15th, 2015

Home prices in some Canadian cities are on a tear, driving the national average up to a pace that eclipses the 11-year average for August.

Prices rose 1 per cent last month from July and 5.4 per cent from a year earlier, according to the Teranet-National Bank home price index released today.

Yet again, prices in Vancouver, Toronto and Hamilton scaled new heights.

Even prices in Calgary chalked u ...

Bank of Canada holds interest rate steady

September 9th, 2015

The country’s central bank held its trend-setting interest rate steady at 0.5 per cent, the Bank of Canada said today. The central bank’s outlook for the country to post modest growth this year remains “intact,” it said.

The consensus of economists was that the central bank would keep its trend-setting policy rate unchanged following two cuts to its key rate earlier this year as the economy sl ...

Canadian home prices predicted to rise despite economic uncertainty

September 1st, 2015

Canadian home prices are expected to rise a more than 5 per cent this year and 2 per cent in 2016 even as the economy weakens, a Reuters poll has found.

Canada’s economy shrank in the first three months of the year and it may have in the second quarter as well, owing in part to slumping oil prices. But house prices have defied this weakness so far and have kept climbing.

The Reuters survey of m ...