Statistics  released today by the Canadian Real Estate Association (CREA) show national home sales remained historically high in December 2021, as the end-of-month supply of properties for sale hit an all-time low.

Highlights:

  • National home sales inched up 0.2% on a month-over-month basis in December.
  • Actual (not seasonally adjusted) monthly activity came in 9.9% below the record posted in December 2020.
  • The number of newly listed properties fell 3.2% from November to December.
  • The MLS® Home Price Index (MLS® HPI) rose 2.5% month-over-month and was up a record 26.6% year-...
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The British Columbia Real Estate Association (BCREA) reports that a record 124,854 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2021, a 32.8 per cent increase from the 94,001 units sold in 2020. The annual average MLS® residential price in BC was $927,877, an 18.7 per cent increase from $781,572 recorded the previous year. Total sales dollar volume was $115.8 billion, a 57.7 per cent increase from 2020.

“Last year was a record year for BC homes sales with seven market areas setting new highs,” said BCREA Chief Economist Brendon Ogmundson....

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Metro Vancouver* home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in the second year of the COVID-19 pandemic.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 43,999 in 2021, a 42.2 per cent increase from the 30,944 sales recorded in 2020, a 73.6 per cent increase from the 25,351 homes sold in 2019, and a four per cent increase over the previous all-time sales record of 42,326 set in 2015.

Last year’s sales total was 33.4 per cent above the 10-year sales average.

“Home has...

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The British Columbia Real Estate Association (BCREA) reports that a total of 9,159 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2021, a decrease of 3.4 per cent from November 2020. The average MLS® residential price in BC was $993,922, a 22.1 per cent increase from $814,310 recorded in November 2020. Total sales dollar volume was $9.1 billion, a 17.9 per cent increase from the same time last year.

“Provincial MLS® home sales reached a new annual record in November with still one month to go in 2021,” said BCREA Chief Economist...

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As we near the end of 2021, home buyer demand remains well in excess of long-term averages and the supply of homes for sale continues to decline across Metro Vancouver’s* housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,428 in November 2021, an 11.9 per cent increase from the 3,064 sales recorded in November 2020, and a 1.9 per cent decrease from the 3,494 homes sold in October 2021.

Last month’s sales were 33.6 per cent above the 10-year November sales average.

“We expect home sale totals to end the...

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The BCREA Commercial Leading Indicator (CLI) fell from 155.4 to 150.9 in the third quarter of 2021,representing the first decline since the economy began recovering from the COVID-19-induced recession.Compared to the same time last year, the index was up by 9 per cent.

It is important to note that while the economy generally continues recovering strongly, we are still in a very abnormal and uncertain environment for commercial real estate. Therefore, the strong economic and employment growth we have seen in previous quarters may not translate...

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A senior official at the Bank of Canada says the number of highly indebted households appears to be back on the rise as pandemic aid from governments winds down.

In a speech to conference held by the Ontario Securities Commission, deputy governor Paul Beaudry says unprecedented federal aid and restrictions that limited where consumers could spend helped bolster the finances of Canadian households during the pandemic.

But now he says that vulnerabilities linked to elevated household debt appear to be on the rise again after a slight pause.

"A key concern here is that financially stretched households...

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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales have already set a new annual record in 2021.

Highlights:

  • National home sales rose 8.6% on a month-over-month basis in October.
  • Actual (not seasonally adjusted) monthly activity was down 11.5% on a year-over-year basis.
  • The number of newly listed properties climbed by 3.2% from September to October.
  • The MLS® Home Price Index (MLS® HPI) rose 2.7% month-over-month and was up 23.4% year-over-year.
  • The actual (not seasonally adjusted) national average sale price posted an 18.2% year-over-year...
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Bright and Spacious

Updates Throughout

2 bed, 2 bath, 1124sqft

Priced at $624,800

Click here for more...

FINALLY! The search is over. Welcome to this bright, spacious and updated corner/end unit home with plenty of windows and natural light. Conveniently located w/street access in Serenity, a pet & rental friendly SFU, UniverCity townhome complex. This 2bed/2bath/1124sqft., home features: an open layout, fresh paint, quality wood flooring, crown moldings, over height ceilings, no-cord privacy blinds, cozy F/P, cute patio, tree/mountain views & much more. Enjoy the large kitchen w/SS apps,...

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Congrats to all the realtors who made the October's Top 10! To my clients, friends and family, THANK YOU for trusting me to do what I do.
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Bright and Spacious

Updates Throughout

2 bed, 2 bath, 1124sqft

Priced at $624,800

Click here for more... 

FINALLY! The search is over. Welcome to this bright, spacious and updated corner/end unit home with plenty of windows and natural light. Conveniently located w/street access in Serenity, a pet & rental friendly SFU, UniverCity townhome complex. This 2bed/2bath/1124sqft+ home features: an open layout, fresh paint, quality wood flooring, crown moldings, over height ceilings, no-cord privacy blinds, cozy F/P, cute patio, tree/mountain views & much more. Enjoy the large kitchen w/SS...

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Home sale activity in Metro Vancouver* remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,494 in October 2021, a 5.2 per cent decrease from the 3,687 sales recorded in October 2020, and an 11 per cent increase from the 3,149 homes sold in September 2021.

Last month’s sales were 22.4 per cent above the 10-year October sales average.

“Home sale activity continues to outpace what’s typical for...

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Third Quarter – August 2021

The pace of home sales in the province has slowed in recent months but an unprecedented start to the year still has BC on track for a record-breaking year.

An expected second-half slowdown has arrived, prompted by eroding affordability and a tightening of mortgage qualification rules. However, with the BC economy on track for very strong growth this year and next, along with the eventual return of normal migration flows, home sales are anticipated to remain well above long-run average levels into 2022.

Canadian mortgage rates have remained stable after rising from...

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Spacious & Open Layout

Lush Forest Outlook

2 Bed + Den, 2 Bath, 1024sqft

Priced at $598,800

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Bright, spacious and very private. Just a few ways to describe this immaculate one-owner home. Welcome to a 2 bed + den, 2 bath, 1024sqft home with lush forest outlook that breaks away during winter months to allow for plenty of natural light. Located in Novo II, a concrete building found in UniverCity; Vancouver's premier lifestyle neighborhood, allowing for rentals and pets. Features: new flooring, new dishwasher, open layout, plenty of counter and cupboard space, island w/breakfast...

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The trend in housing starts was 271,068 units in September 2021, down from 284,757 units in August 2021, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

“The six-month trend in housing starts declined from August to September, with total starts continuing to pull back from their earlier 2021 levels,” said Bob Dugan, CMHC's chief economist. “Single-detached and multi-family SAAR starts were both lower in Canada’s urban areas...

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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged up between August and September 2021.

Highlights:

  • National home sales rose 0.9% on a month-over-month basis in September.
  • Actual (not seasonally adjusted) activity was down 17.5% on a year-over-year basis.
  • The number of newly listed properties declined by 1.6% from August to September.
  • The MLS® Home Price Index (MLS® HPI) rose 1.7% month-over-month and was up 21.5% year-over-year.
  • The actual (not seasonally adjusted) national average sale price posted a 13.9% year-over-year gain...
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I am greatful for each and everyone of my clients as their support  and trust in me has enabled me to be succesful in my real estate business, thank you! Congrats to all the other top 10 realtors. 
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The British Columbia Real Estate Association (BCREA) reports that a total of 9,164 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2021, a decrease of 19.9 per cent from September 2020. The average MLS® residential price in BC was $913,471, a 14 per cent increase from $801,241 recorded in September 2020. Total sales dollar volume was $8.4 billion, an 8.6 per cent decline from last year.

“Home sales have settled at levels that are slightly above long-term average,” said BCREA Chief Economist Brendon Ogmundson. “The main story...

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Home sale activity remains elevated across Metro Vancouver’s* housing market while the pace of homes being listed for sale continues to follow long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,149 in September 2021, a 13.6 per cent decrease from the 3,643 sales recorded in September 2020, and a 0.1 per cent decrease from the 3,152 homes sold in August 2021.

Last month’s sales were 20.8 per cent above the 10-year September sales average.

There were 5,171 detached, attached and apartment properties newly...

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Home price acceleration, alongside continued overvaluation, as home prices further detach from fundamental factors, such as labour income, has created a high degree of vulnerability in Canada’s housing market. This according to the latest Housing Market Assessment released by Canada Mortgage and Housing Corporation (CMHC). High vulnerability at the national level is largely a reflection of problematic conditions in several local housing markets across Ontario and Eastern Canada. A high degree of vulnerability means the housing market is more vulnerable to a potential...

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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. .

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.