November 25, 2010
NEST by Mosaic 80% Sold Out
Exciting news for Nest by Mosiac, developers of one of two new condo projects in UniverCity at SFU, only 12 homes remain! Since their launch just this past fall they are already 80% sold out.
The success of Nest further demonstrates the desire of the UniverCity Community. Currently there are approximately 150 residents being built, including 80 from Nest, which are scheduled for completion mid 2012. Plans are to grow the community to roughly 10,000 residents over the next 10+ years. The newly opened elementary school, the opening of Nester’s Market earlier this year, more...
November 15, 2010
BC Home Sales Trend Higher
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 36 per cent to 5,507 units in October compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province increased 2 per cent in October from September 2010. The average MLS® residential price climbed 6 per cent to $521,859 in October compared to the same month last year.
“BC home sales have posted moderate gains since the summer months ,” said Cameron Muir, BCREA Chief Economist. “Consumer demand...
November 10, 2010
Moderate Rise in Home Sales Forecast
The British Columbia Real Estate Association (BCREA) released its Fall Housing Forecast 2010 today.
BC Multiple Listing Service® (MLS®) residential sales are forecast to decline 12 per cent from 85,028 units in 2009 to 74,950 units this year, before increasing 6 per cent to 79,700 units in 2011.
“Consumers are responding to a double-dip in mortgage interest rates, ” said Cameron Muir, BCREA Chief Economist. “While housing demand waned in the province through the spring and summer, the added purchasing power from low borrowing costs combined with gradual improvement in the...
November 4, 2010
SFU Community Trust Discusses the Future
UniverCity, a well thought out community development atop of Burnaby Mountain founded on “Four Cornerstones of Sustainability, Environment, Economy and Education, has set the stage for growth over the next 10 years.
Exciting developments lie ahead for UniverCity and current and future residents. Before entering a meeting last week with Jonathan Tinney, Director of Community Development for Simon Fraser Community Trust, I was already an advocate of UniverCity. What’s not to love? Beautiful, lush surroundings; incredible views; contemporary building designs; a true community...
November 2, 2010
Home sales remain steady in Greater Vancouver
Greater Vancouver home sales have remained steady over the past four months, indicating stability in the residential housing market. With the MLS® sales to active listing inventory ratio indicating a buyers’ market, properties appropriately priced are selling.
According to the MLSLink® Housing Price Index (HPI), the benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 4.6 per cent to $579,349 in October 2010 from $553,702 in October 2009. Since June, however, residential home prices in Greater Vancouver have remained relatively unchanged,...
November 1, 2010
Simon Fraser University Market Stats for October 25 to 31, 2010
According to MLS data, the Simon Fraser University area, specifically UniverCity of Burnaby North was fairly active last week. From October 25, 2010 to October 31, 2010 there were 12 new listings, all located in the UniverCity Community. However, 10 of 12 the new listings were from developers of new projects: 4 from Origin by Port Development & 6 from Nest by Mosaic. Totally active listing in the Simon Fraser University is 49 as of October 31, 2010.
There were no sales for this week but sales totals may take up to one week to be posted.
The average list price in the area...