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 Housing Markets Post Strong Rebound in October

Vancouver, BC – November 25, 2024. The British Columbia Real Estate Association (BCREA) reports that 7,119 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in October 2024, up 33.5 per cent from October 2023. The average MLS® residential price in BC in October 2024 was up 0.3 per cent at $970,845 compared to an average price of $968,256 in October 2023.

The total sales dollar volume was $6.9 billion, a 33.8 per cent increase from the same time the previous year. BC MLS® unit sales were eight per cent lower than the ten-year average for October....

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New Price - 207 9288 University Cr., Burnaby, SFU, UniverCity

Bright & Spacious Layout

1 Bed + Den, 629sqft

Now Priced at $478,800

Click here for more...

Enjoy the peace & tranquility this area has to offer. Welcome to UniverCity at SFU, Vancouver’s premier lifestyle neighborhood. This 1 bed & den, 1 bath 629sqft home, located in Novo I; a concrete, rental and pet friendly building will not disappoint. Perfect for investors, first time buyers, students & everyone else in between. Features: an abundance of natural light, an open layout, granite counters, laminate floors, well sized covered balcony. The bedroom has plenty of closet space...

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Open House - 207 9288 University Cr., Burnaby, SFU, UniverCity

Bright & Spacious Layout

1 Bed + Den, 629sqft

Priced at $484,800

Open House: November 23rd from 2-4pm

Click here for more...

Enjoy the peace & tranquility this area has to offer. Welcome to UniverCity at SFU, Vancouver’s premier lifestyle neighborhood. This 1 bed & den, 1 bath 629sqft home, located in Novo I; a concrete, rental and pet friendly building will not disappoint. Perfect for investors, first time buyers, students & everyone else in between. Features: an abundance of natural light, an open layout, granite counters, laminate floors, well sized covered balcony. The...

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Home Sales Building Momentum Heading Into 2025

Vancouver, BC – November 6, 2024. The British Columbia Real Estate Association (BCREA) released its 2024 Fourth Quarter Housing Forecast today.  

Multiple Listing Service® (MLS®) residential sales in BC are forecast to increase 2.6 per cent to 75,000 units this year. In 2025, MLS® residential sales are forecast to strengthen further, rising 13 per cent to 84,500 units.

“Following two pretty challenging years for sales, it looks like markets across BC are starting to build momentum,” said BCREA Chief Economist Brendon Ogmundson. “In addition...

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Buyer demand surges in October

VANCOUVER, BC – November 4, 2024 – After months of tracking approximately twenty per cent below the ten-year seasonal average, Metro Vancouver1 home sales surged more than 30 per cent year-over-year in October.

The Greater Vancouver REALTORS® (GVR) reports that residential sales2 registered on the Multiple Listing Service® (MLS®) in the region totalled 2,632 in October 2024, a 31.9 per cent increase from the 1,996 sales recorded in October 2023. This was 5.5 per cent below the 10 year seasonal average (2,784).

“Typically, reductions to mortgage rates boost demand, and...

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Just Sold - 513 9877 University Cr., Burnaby, SFU, UniverCity

Loft Style Home

1 Bed, 1 Bath, 756sqft

Priced at $498,800

Click here for more...

Stunning! Just one way to describe this south facing loft style home with amazing natural light. Welcome to UniverCity at SFU, Vancouver's premier lifestyle neighborhood. Enjoy the peace & tranquility this area has to offer. This 1 bed, 1 bath, 756sqft home will not disappoint. Features: 17'+ ceilings, an abundance of windows, quality flooring, open layout, SS appls, plenty of cupboard & counter space, spacious living & dinning areas. The large primary bedroom offers plenty of closet space, plush carpeting...

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September 2024 Top 10
Thank you to my clients for your continued support and allowing me to assist you with your real estate needs.
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Just Listed - 207 9288 University Cr., Burnaby, SFU, UniverCity

Bright & Spacious Layout

1 Bed + Den, 629sqft

Priced at $484,800

Open: Oct 27 from 2 to 4pm

Click here for more...

Enjoy the peace & tranquility this area has to offer. Welcome to UniverCity at SFU, Vancouver’s premier lifestyle neighborhood. This 1 bed & den, 1 bath 629sqft home, located in Novo I; a concrete, rental and pet friendly building will not disappoint. Perfect for investors, first time buyers, students & everyone else in between. Features: an abundance of natural light, an open layout, granite counters, laminate floors, well sized covered balcony. The bedroom has plenty of...

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Buyers remain cautious to begin the fall market

VANCOUVER, BC – October 2, 2024 – Home sales registered on the MLS® in Metro Vancouver1 declined 3.8 per cent year over year in September, suggesting recent reductions in borrowing costs are having a limited effect in spurring demand so far.

Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 1,852 in September 2024, a 3.8 per cent decrease from the 1,926 sales recorded in September 2023. This was 26 per cent below the 10-year seasonal average (2,502).

“Real estate watchers have been monitoring the data for signs of renewed...

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September 16, 2024 - Ottawa, Ontario - Department of Finance Canada

Canadians work hard to be able to afford a home. However, the high cost of mortgage payments is a barrier to homeownership, especially for Millennials and Gen Z. To help more Canadians, particularly younger generations, buy a first home, new mortgage rules came into effect on August 1, 2024, allowing 30 year insured mortgage amortizations for first-time homebuyers purchasing new builds.

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today announced a suite of reforms to mortgage rules to make mortgages...

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Sales Slow in August, but Falling Rates Should Drive Activity Higher in the Fall

Vancouver, BC – September 11, 2024. The British Columbia Real Estate Association (BCREA) reports that 5,943 residential unit sales were recorded in Multiple Listing Service® (MLS® ) systems in August 2024, a 10 per cent decrease from August 2023. The average MLS® residential price in BC in August 2024 was down 1.7 per cent at $938,500 compared to an average price of $955,063 in August 2023.

The total sales dollar volume was $5.6 billion, an 11.5 per cent decline from the same time the previous year. BC MLS® unit sales were 22 per cent lower than the ten-year average for August....

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Sellers await buyers’ return after quieter summer market

VANCOUVER, BC – September 4, 2024 – Home sales registered on the MLS® in Metro Vancouver1 remained below their ten-year seasonal averages in August as summer holidays come to a close.

Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 1,904 in August 2024, a 17.1 per cent decrease from the 2,296 sales recorded in August 2023. This total was also 26 per cent below the 10-year seasonal average (2,572).

“From a seasonal perspective, August is typically a slower month for sales than June or July. In this respect, this August has...

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Open House - 513 9877 University Cr., Burnaby, SFU, UniverCity

Open House: Saturday & Sunday, September 7th & 8th, from 2-4pm

Loft Style Home

1 Bed, 1 Bath, 756sqft

Priced at $498,800

Click here for more...

Stunning! Just one way to describe this south facing loft style home with amazing natural light. Welcome to UniverCity at SFU, Vancouver's premier lifestyle neighborhood. Enjoy the peace & tranquility this area has to offer. This 1 bed, 1 bath, 756sqft home will not disappoint. Features: 17'+ ceilings, an abundance of windows, quality flooring, open layout, SS appls, plenty of cupboard & counter space, spacious living & dinning areas....

Read

JUST SOLD - 507 9288 University Cr., Burnaby, SFU, UniverCity

Bright & Open Layout

1 Bed + Den, 1 Bath, 629sqft

Priced at $478,800

Click here for more...

Enjoy the peace & tranquility this area has to offer. Welcome to UniverCity at SFU, Vancouver premier lifestyle neighborhood. This 1 bed & den, 1 bath 629sqft home, located in Novo I; a concrete, rental and pet friendly building will not disappoint. Perfect for investors, first time buyers, students & everyone else in between. Features: an abundance of natural light, an open layout, granite counters, SS appliances, laminate floors, well sized balcony. The bedroom has plenty of closet space...

Read

Home Sales Expected to Rise as Rates Fall

The BC economy has struggled to grow in the past two years, facing headwinds from high interest rates, falling commodity prices, and slowing household spending. However, the Bank of Canada’s aggressive tightening has helped to cool inflation significantly, and the Bank has begun easing by lowering its policy rate in both June and July earlier this year with further rate cuts expected.

This policy shift has positive implications for the BC housing market, which has been sluggish since 2022 as high borrowing costs and robust home prices have stretched affordability. BC home sales have trended...

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Just Listed - 513 9877 University Crescent, Burnaby, SFU, UniverCity

Loft Style Home

1 Bed, 1 Bath, 756sqft

Priced at $498,800

Click here for more...

Stunning! Just one way to describe this south facing loft style home with amazing natural light. Welcome to UniverCity at SFU, Vancouver's premier lifestyle neighborhood. Enjoy the peace & tranquility this area has to offer. This 1 bed, 1 bath, 756sqft home will not disappoint. Features: 17'+ ceilings, an abundance of windows, quality flooring, open layout, SS appls, plenty of cupboard & counter space, spacious living & dinning areas. The large primary bedroom offers plenty of closet space, plush carpeting...

Read

July 2024 Top Ten
Thank you to my clients for your continued support and allowing me to assist you with your real estate needs.
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More selection not translating to more transactions

VANCOUVER, BC – August 2, 2024 – Newly listed properties registered on the Multiple Listing Service® (MLS®) rose nearly twenty per cent year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver1 housing market.

On the demand side, the Greater Vancouver REALTORS®2 (GVR) reports that residential sales in the region totalled 2,333 in July 2024, a 5 per cent decrease from the 2,455 sales recorded in July 2023. This was 17.6 per cent below the 10-year seasonal average (2,831).

“The trend of buyers remaining hesitant, that began...

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Home Sales Continue at Below Average Pace in June

Vancouver, BC – July 15, 2024. The British Columbia Real Estate Association (BCREA) reports that 7,082 residential unit sales were recorded in Multiple Listing Service® (MLS® ) systems in June 2024, a 19 per cent decrease from June 2023. The average MLS® residential price in BC in June 2024 was up 1 per cent at $998,159 compared to an average price of $988,632 in June 2023. The total sales dollar volume was $7.1 billion, an 18 per cent decline from the same time the previous year. BC MLS® unit sales were 24 per cent lower than the ten-year average for June.

“Sales activity...

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Just Sold - 202 9877 University Crescent, Burnaby, SFU, UniverCity

Large Outdoor Space

Parking & Locker

Priced at $568,800

Click here for more…

Looking for outdoor space? Look no further, your search ends here. Enjoy the 277sqft semi-private, partially covered patio; perfect for gardeners & pet owners alike. This 2bed/1bath/756sqft home, in the Veritas complex, will not disappoint. Features: an abundance of natural light, upgraded flooring, over-height ceilings, open concept plan, kitchen w/plenty of cupboard & counter space, breakfast bar & SS apps. The spacious primary bed has walk-in closet & cheater ensuite. Benefit from a well sized...

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Simon Fraser
Market Update

Simon Fraser Condos

Altaire by Polygon

Altaire built in 2008/2009 reaches higher then any other condo building in Metro Vancouver offering panoramic views.

Novo I by Intergulf

Novo I built in 2007 known for the amazing sight lines and views from most units and balconies up to 1000 sq ft.

Novo II by Intergulf

Novo II built in 2007 known for the amazing sight lines and views from most units and balconies up to 1000 sq ft.

Aurora by Polygon

Aurora built in 2006 with 103 condos featuring 36 unique floor plans ranging from 715 sq ft to 1500 sq ft.

One University by Millennium

One University built in 2005 is UniverCity's flagship building with luxury homes featuring semi private elevators.

Harmony by Polygon

Harmony built in 2005 was the first condo development at Univercity & as a result offers a unique setting & views.

Serenity Townhomes by Polygon

Serenity is a collection of 2 bedroom townhomes of 1100 sq ft ranging to 4 bedroom 2000+ sq ft townhomes.

The Hub by Liberty Homes

The Hub built in 2009 is set atop Nester's Grocery and steps from High Street giving these homes an urban feel.

Verdant by VanCity Enterprises

Verdant is a two storey town home building built with environmental design and stylish living spaces which complement the modern exterior of these SFU homes.

Origin by Porte Development

Origin is designed by GBL Architect & BYU Interior Designs, developed by Porte Development Corp. and marketed by Red Dot Real Estate.

Nest by Mosaic

Located on UniverCity High Street across from the new University Highlands elementary schools this refreshing building will add further depth to a growing community.

Highland House by Liberty Homes

A 12-storey concrete high-rise development and targeted towards Rental Investors and First-Time Condo Buyers.

Lift by Porte Development

Lift will be a wood frame building comprising of 56 homes. Building technologies, environmental features, and price points should be similar to Origin.

Altitude by Hungerford Group

Altitude will be a 2 tower development comprising of a 12 and 14 story building with a total of 210 strata units.

CentreBlock by Liberty Homes

CentreBlock at UniverCity atop Burnaby Mountain is the latest condo project with sales commencing early 2014. .

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.