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According to CMHC’s second quarter 2014 Housing Market Outlook, Canada Edition1, economic and demographic fundamentals continue to be supportive of new building activity. However, builders are expected to continue to adjust activity, particularly with respect to multi-units, in order to manage inventory levels.

“Builders are expected to continue to manage their starts activity in order to ensure that demand from buyers seeking new condominium units is first channeled toward unsold completed units or unsold units that are currently under construction,” said Mathieu Laberge, Deputy Chief Economist for CMHC.

On an annual basis, housing starts are expected to range between 172,300 and 189,900 units in 2014, with a point forecast of 181,100 units, down from 187,923 units in 2013. In 2015, housing starts are expected to range from 160,600 to 203,600 units, with a point forecast of 182,100 units.

Multiple Listing Service® (MLS®2) sales are expected to range between 428,100 and 487,700 units in 2014, with a point forecast of 457,900 units, marginally changed from 457,338 in 2013. In 2015, sales are expected to range from 441,800 to 500,400 units, with an increase in the point forecast to 471,100 units.

The average MLS® price is forecast to be between $386,400 and $405,600 in 2014 and between $388,200 and $416,200 in 2015. CMHC’s point forecast for the average MLS® price calls for a 3.5 per cent gain to $396,000 in 2014 and a further 1.6 per cent gain to $402,200 in 2015.

As Canada’s national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

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. .

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