Sutton West Coast Realty

Charm, Character, and Potential Money Pit

For some buyers, it’s hard not to fall in love with the special charm and character that old houses offer such as gabled roofs, hardwood floors, crown moldings, and more. Old homes can also be attractive as affordable fixer-uppers with features such as distinctive architecture and Old World craftsmanship rarely found in newer homes. These homes ...

According to BC Stats, the value of building permits issued by BC municipalities dropped sharply (-43.4%, seasonally adjusted) in November, following a 7.2% boost in October. Residential permits tumbled (-51.0%), eroding all of the previous month’s (+4.9%) gain. The value of non-residential permits also fell (-27.1%), halting two consecutive months of increases. Kelowna (-23.7%) and Vanc ...

The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 12 per cent to 74,640 units in 2010. The annual average MLS® residential price rose 8.5 per cent to a record $505,178 in 2010.

"Tighter credit conditions and expended pent-up demand curbed home sales during the first half of 2010,” said Cameron Mu ...

The Bank said that the global economic recovery was proceeding at a somewhat faster than expected pace, but noted that risks remain elevated. ...

Actual (not seasonally adjusted) national sales activity via the Multiple Listing Service^® (MLS^®) Systems of Canadian real estate Boards was down 14.4 per cent on a year-over-year basis in December ...