March 30, 2011
Weekly Update and 2011 Year to date Stats for SFU
Simon Fraser University Market Stats for March 21, to March 27, 2011
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, during the past week there were a total of 7 new listings that came to market. This brings the total of active listings to 58 for an average list price of $433,571 or $470.77 per sq ft.
During the past week only one sale was registered through MLS. However, given how the MLS system operates, a sale could have firmed during the past week but the sale date could be during the previous week and therefore would not...
March 23, 2011
Simon Fraser University Market Stats for March 14, to March 20, 2011
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, during the past week there were a total of 7 new listings that came to market. This brings the total of active listings to 56 for an average list price of $416,250 or $456.20 per sq ft.
The total of active listings includes 7 listings located in Origin by Port Development, one of two new developments that went on pre-sale in late 2010. Given the activity that has been occurring in the SFU area, I would approximate that Origin would be very close to be being sold out.
March 23, 2011
JUST SOLD - 99% of Asking!
UniverCity - Novo 1 - NOW SOLD!
#1 9298 University Cr, Burnaby, BC
Desirable green-space facing, ground floor end unit with large covered patio; perfect for year-round use. This 1 bed & den 694 sqft unit is in excellent condition, shows very well & offers an open layout. Located in Novo 1's South Toweron the quiet side, this complex offers balance of 2-5-10 year warranty, no rental restrictions & welcomes pets. Features: granite counters, breakfast bar, fireplace, plenty of cupboard/counter & close space. Close to: transit, shopping, indoor/outdoor rec & a host of perks...
March 22, 2011
Just Listed: 306 9232 University, Novo II
Open House: Join me this weekend on Saturday March 26 from 1:00 to 3:00
Shows very well & offers views of green space, mountain tops & city lights. You won’t be disappointed! This bright 2bed/2bath, 888sqft home has a spacious open layout & excellent rm separation. Novo II is a concrete building, has balance of 2-5-10 yr warranty allows rentals & pets. Features: SS apps, granite counters, breakfast bar & lots of cupboard/counter/closet space. The lrg master has 3pc ensuite & walk-in. Enjoy BBQs on the covered oversized balcony. Bonus: locker & parking. Benefit...
March 16, 2011
Liberty Homes to capitalize on past success at SFU UniverCity
Exciting times lie ahead for the SFU community as the third new development in less than 12 months prepares to launch their pre-sale campaign. Nest and Origin both launched in the latter half of 2010. It is expected that Liberty Homes will be launching late in the third quarter or early in the fourth quarter of 2011.
Liberty Homes has secured the desirable Lot 23 in the UniverCity area of Simon Fraser University. Lot 23 is located adjacent to the new child care center and on the corner of University Cr and Highland Ct. The location is desirable for a number of reasons...
March 15, 2011
Average February for Canadian home sales
According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity in February 2011 ran close to the five-year average for the month, continuing a theme that has characterized the past four months.
Actual (not seasonally adjusted) national sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards came in 5.9 per cent below levels reported last February. This marks the smallest year-over-year decline in nine months, and the fourth consecutive month in which sales activity was on par with the five-year...
March 14, 2011
Vancouver Leads BC Housing Markets
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 5 per cent in February from January 2011, on a seasonally adjusted basis. Compared to February of 2010, MLS® residential unit sales increased 8 per cent to 6,410 units. The average MLS® residential price rose 18 per cent to $587,571 in February compared to the same month last year.
"The surge in consumer demand in Metro Vancouver continues to propel the provincial statistics higher,” said Cameron Muir, BCREA Chief Economist. “Elevated sales activity...
March 14, 2011
Simon Fraser University Market Stats for March 1, to March 13, 2011
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, there are presently 53 active listings for an average list price of $471.35 per sq ft. Since the beginning of March 3 new listings have come to market and there has been one sale.
BCREA today announced that Vancouver leads the market in BC. Sales overall in the Province were up 5% in February 2011 compared to January 2011. The average MSL residential price has risen by 18% on a year over year bases. In Vancouver the average home price has climb more than 19% since February...
March 3, 2011
REBGV - February 2011 sales increase 70.3% over January 2011
Demand for detached homes continues to be strong across Greater Vancouver, with particularly high sales volumes occurring in Richmond and Vancouver Westside.
For the past two months, the number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) in Greater Vancouver outpaced the 10-year average in both categories. From a historical perspective, February’s 3,097 homes sales outpace the 2,742 home-sale average recorded in the region over the last ten years.
“We saw an increase in demand across our region last month as more buyers entered the market in...
March 3, 2011
Simon Fraser University Market Stats for February 21 to 28, 2011 and Market Commentary
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, there are presently 52 active listings for an average list price of $424,837 or $469.12 per sq ft. The number of active listing represents less than 4% of resale inventory.
One sale was registered during this past week, with a cost per sqft at $458.16.
Over the past week the mountain received a considerable amount of snow but this has quickly washed away as temperatures have risen. We are now entering a solid spring market and buying activity will increase as it always has...
March 1, 2011
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The global economic recovery is proceeding broadly in line with the Bank’s projection in its January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing challenges associated with sovereign and bank balance sheets will limit the pace of the European recovery and are a significant...