June 23, 2011
Simon Fraser University Market Stats for June 13 to June 19, 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 5 new listings that came to market. This brings the total active listings on MLS to 59 including resale and pre-sale properties. The average list price is $436,987 or $474.22 per sq ft.
There were two sales recorded during the past week. The average sale price was $336,000 or $413.88 per sqft.
Contact us now if you have questions about the market in general or specifically if you would like to learn more about the Simon Fraser...
June 23, 2011
JUST SOLD - 404 9262 University, Novo II
Simon Fraser University
Novo II - 404 9262 University, Bunaby
1 bedroom + den in award winning UniverCity. Immaculate, move-in condition, with views from living room & balcony! Spacious, bright & quiet InterGulf unit boasts a great layout. Luxurious granite counter tops in bathroom and kitchen. Kitchen has S/S Frigidaire appliances & island which accommodates bar stools. Front load Frigidaire washer/dryer. Balcony is ideal for entertaining, bird watching & enjoying your view of the tranquil forest. 1 secure parking. Pets welcome. Walk to SFU, shops, restaurants,...
June 16, 2011
Sarah McLachlan performs live at spring convocation 2011
Grammy and Juno Award-winning musician Sarah McLachlan received the degree of Doctor of Fine Arts, honoris causa at the June 15, 2011 convocation ceremony at SFU.
The Vancouver singer, songwriter and Lilith Fair founder has sold some 40 million albums worldwide and raised millions of dollars for women's charities, AIDS sufferers and inner-city kids, to name a few.
She performed two songs at the ceremony, World On Fire from her 2003 album Afterglow and Angel from her 1997 album Surfacing.
June 16, 2011
Simon Fraser University May 2011 Monthly Performance Similar to the rest of the market
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, during the month of May 2011 there were a total of 3 sales for an average cost per sqft of $365.80. Of the three sales registered through MLS two were in the resale market and one was in Origin by Port Development. This compares to 11 sales that took place in April 2011 or a decrease of approximately 77%.
Presently there are 58 active listings for an average cost per sqft of $475.39. In the month of May 17 new listing came to market compared to the month of April that saw...
June 15, 2011
BC Home Sales Edge Lower in May
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province edged down one per cent to 7,857 units in May compared to the same month last year. The average MLS® residential price climbed 20 per cent to $596,872 last month compared to May 2010.
"Tighter mortgage rules, tepid employment growth and advance buying during the first quarter kept BC home sales on a lower note in May," said Cameron Muir, BCREA Chief Economist. "However, recent downward pressure on mortgage interest rates is expected to provide some...
June 6, 2011
Open House June 12 from 2:00 to 4:00.
Spectacular Unit with 12’ Ceilings
Altaire at Simon Fraser University
101 9222 University
Stunning & bright corner unit that will exceed your expectations. This 2bed/2bath, 1056sqft home offers west exposure, green space & mountain top views, 12' ceilings, expansive windows, a spacious open plan, a covered balcony & unique foyer. Altaire is a concrete hi-rise with high-end finishing, excellent amenities & balance of 2-5-10 yr warranty. Features: granite, SS apps, large living room, breakfast bar & excellent closet space. Master has walk-in, & ensuite:...
June 6, 2011
Bank of Canada holds key rate at 1% - In no rush to hike interest rates
The Bank of Canada held its trend-setting Bank Rate at 1.25 per cent on May 31, 2011. This marks the sixth consecutive policy rate announcement for which interest rates have been kept on hold.
The Bank now sees headline inflation as staying above 3 per cent in the short term. It nonetheless maintained its inflation outlook included in its April Montary Policy Update, which indicated that inflation in Canada would hit two per cent by mid-2012.
“The Bank sets rates based on an inflation target of between one and three per cent, and it normally leans against inflation by raising interest...
June 6, 2011
Greater Vancouver housing market holds steady and favours
Home sales remained at typical springtime levels on the Multiple Listing Service® (MLS®) in Greater Vancouver in May.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,377 in May 2011, a 7 per cent increase compared to the 3,156 sales in May 2010 and a 4.7 per cent increase compared to the 3,225 sales in April 2011.
Looking back further, last month’s residential sales are 8.1 per cent below the ten-year average for sales in May. The three highest selling Mays ever...