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Rising Mortgage Rates Continue to Slow Market Activity

The British Columbia Real Estate Association (BCREA) reports that a total of 8,214 residential unit sales were recorded by the Multiple Listing Service® (MLS® ) in May 2022, a decrease of 35.1 per cent from May 2021. The average MLS® residential price in BC was $1 million, a 9.3 per cent increase from $915,392 recorded in May 2021. Total sales dollar volume was $8.2 billion, a 29.1 per cent decline from the same time last year.

“Canadian mortgage rates continue to climb,” said BCREA Chief Economist Brendon Ogmundson. “The average 5- year fixed mortgage rate reached...

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Just Sold: 510 9877 University Cr., Burnaby, Burnaby North, SFU


Welcome to Veritas by Polygon! Unique opportunity to own this top floor, stylish one bedroom two-level loft apartment. Located on a quiet street steps away from transit, grocery stores, dining and banks. 17'9 tall ceilings with ample natural light throughout the day. Veritas enjoys immediate access to Simon Fraser University - Canada's top comprehensive university and a setting rich in culture and lifestyle opportunities. Enjoy access to SFU amenities as a UniverCity resident within one of the most sought after communities in Greater Vancouver. Or simply keep it as investment income with high rental...

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Just Listed: 507 9339 University Cr., Burnaby, Burnaby North, SFU

Top Floor Unit

12’ Ceilings, 2 Parking & Locker

Priced at $574,800

Click here for more...

Enjoy bright, south east exposure from this penthouse home located in Harmony At The Highlands in UniverCity; Vancouver's premier lifestyle neighborhood! Features: soaring 12’ ceilings, laminate floors, open plan, stainless appliances & breakfast bar, plenty of storage space & cozy gas F/P. Excellent sized master w/nook space, ensuite with soaker & walk-in closet, well sized 2nd bed & 3pc main bath complete this home. Harmony is a rental and pet friendly complex with gym facilities....

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Spring ushers in calmer housing market trends in Metro Vancouver

After reaching record-setting levels in 2021, home sale activity has returned to more typical seasonal levels in Metro Vancouver* this spring due, in large part, to rising interest rates.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,918 in May 2022, a 31.6 per cent decrease from the 4,268 sales recorded in May 2021, and a 9.7 per cent decrease from the 3,232 homes sold in April 2022.

Last month’s sales were 12.9 per cent below the 10-year May sales average.

“With interest rates rising, home buyers are taking more time...

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April 2022 Top Ten


Thankful & Grateful to my clients, for the continued support & trust.

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Just Sold: 301 9025 Highland Crt., Burnaby, Burnaby North, SFU

Excellent Condition

Jr. 1 Bed, 1 Bath, 407sqft

Priced at $388,800

Click here for more... 

Investor, student and first-time buyer alert! Excellent condition, nothing to do but move in. Located in Highland House, a rental friendly building, this Jr.1bed/1bath/407sqft home features: laminate floors, an efficient floor plan, well-sized kitchen w/stainless apps, contemporary styling throughout & a generous covered balcony; perfect for BBQs. The bedroom area can accommodate queen size bed. Bonus: locker & parking. Walk to: transit, campus, childcare, shopping, indoor/outdoor rec. & a...

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Just Sold: 208 9329 University Cr., Burnaby, Burnaby North, SFU


Incredibly private and spacious 2 bedroom apartment that overlooks the greenbelt! Welcome home to Harmony, a unique complex of homes nestled between greenery at the top of SFU. Perfectly positioned close to shops, cafes, walking trails and the SFU campus. If you've been dreaming of that condo lifestyle but don't want to compromise location, privacy or square footage this home is for you. Move in ready, meticulously kept and one of the best layouts available. Call today for your private tour of this incredible home.

Listing offered by: Engel & Volkers Vancouver

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Home sales drop in April as mortgage rates shoot higher

Statistics  released today by the Canadian Real Estate Association (CREA) show national home sales were down in April 2022.

Highlights:

  • National home sales dropped by 12.6% on a month-over-month basis in April.
  • Actual (not seasonally adjusted) monthly activity came in 25.7% below the monthly record set in 2021.
  • The number of newly listed properties was down 2.2% month-over-month.
  • The MLS® Home Price Index (HPI) edged down 0.6% month-over-month but was still up 23.8% year-over-year.
  • The actual (not seasonally adjusted) national average sale price posted a 7.4% year-over-year gain in...
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Just Listed: 301 9025 Highland Crt., Burnaby, Burnaby North, SFU

Excellent Condition

Jr. 1 Bed, 1 Bath, 407sqft

Priced at $388,800

Click here for more...

Investor, student and first-time buyer alert! Excellent condition, nothing to do but move in. Located in Highland House, a rental friendly building, this Jr.1bed/1bath/407sqft home features: laminate floors, an efficient floor plan, well-sized kitchen w/stainless apps, contemporary styling throughout & a generous covered balcony; perfect for BBQs. The bedroom area can accommodate queen size bed. Bonus: locker & parking. Walk to: transit, campus, childcare, shopping, indoor/outdoor rec. & a host of...

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Just Sold: 415 9339 University Cr., Burnaby, Burnaby North, SFU

Penthouse Home

Move-In Ready

2 Bed, 2 Bath, 1001sqft

Priced at $598,800

Click here for more...

Stunning top floor corner home, with soaring over height ceilings & updates throughout. Your search ends here! This 2bed/2bath/1001sqft home, in Harmony of the Highlands, a rental & pet friendly building is located in SFU, UniverCity; Vancouver Premier lifestyle neighborhood. Features: welcoming foyer, quality flooring, excellent room separation, kitchen w/plenty of cupboard & counter space, updated SS apps, eating area & access to covered balcony. Entertain in an open living & dining...

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Metro Vancouver home sales return to more traditional levels in  April


Home buyer demand in Metro Vancouver* returned to more historically typical levels in April.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 per cent decrease from the 4,908 sales recorded in April 2021, and a 25.6 per cent decrease from the 4,344 homes sold in March 2022.

Last month’s sales were 1.5 per cent above the 10-year April sales average.

“So far this spring, we’ve seen home sales ease down from the record-breaking pace of the last year,” Daniel John, REBGV Chair said. “While...

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Just Listed: 415 9339 University Cr., Burnaby, Burnaby North, SFU

Penthouse Home

Move-In Ready

2 Bed, 2 Bath, 1001sqft

Priced at $598,800

Click here for more... 

Stunning top floor corner home, with soaring over height ceilings & updates throughout. Your search ends here! This 2bed/2bath/1001sqft home, in Harmony of the Highlands, a rental & pet friendly building is located in SFU, UniverCity; Vancouver Premier lifestyle neighborhood. Features: welcoming foyer, quality flooring, excellent room separation, kitchen w/plenty of cupboard & counter space, updated SS apps, eating area & access to covered balcony. Entertain in an open living &...

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Just Sold: 209 9288 University Cr., Burnaby, Burnaby North, SFU

Stunning Views

Unique 2-in-1 Design

Priced at $624,800

Click here for more...

WAIT! What? An apartment with potential mortgage helper? This unique 2-in-1 is located in Novo 1, a concrete, rental & pet friendly building of SFU, UniverCity. This 2bed+den/2bath/946sqft home w/huge 147sqft covered balcony & views won't disappoint. Enjoy the entire unit yourself or lock off the studio w/separate entry & have two units. Features: an open plan, spacious kitchen w/granite counters, SS apps & breakfast bar, laminate floors, F/P, large living & dining areas & plenty of windows. Both...

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Just Sold: 7 9739 University Cr., Burnaby, Burnaby North, SFU


Fraser by renowned builder MOSAIC - A rare contemporary collection of townhomes located in the heart of UniverCity at SFU. This SOUTH facing 3 BEDROOM/3BATH + DEN unit offers 1,618 sqft of living area. Street-level entry with a spacious den & foyer. Just below is your storage & direct access to your SECURED PARKING SPOT. Main floor features 10’ HIGH CEILINGS, access to FENCED backyard from the open kitchen. STAINLESS STEEL KitchenAid appliances, QUARTZ countertops and oversize windows. The upper floor features 2 bedrooms with double closets as well as a LAUNDRY ROOM with storage. The...

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The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%. The Bank is also ending reinvestment and will begin quantitative tightening (QT), effective April 25. Maturing Government of Canada bonds on the Bank’s balance sheet will no longer be replaced and, as a result, the size of the balance sheet will decline over time.

Russia’s ongoing invasion of Ukraine is causing unimaginable human suffering and new economic uncertainty. Price spikes in oil, natural gas and other commodities are adding to inflation around...

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Just Listed: 209 9288 University Cr., Burnaby, Burnaby North, SFU

Stunning Views

Unique 2-in-1 Design

Priced at $624,800

 Click here for more...

WAIT! What? An apartment with potential mortgage helper? This unique 2-in-1 is located in Novo 1, a concrete, rental & pet friendly building of SFU, UniverCity. This 2bed+den/2bath/946sqft home w/huge 147sqft covered balcony & views won't disappoint. Enjoy the entire unit yourself or lock off the studio w/separate entry & have two units. Features: an open plan, spacious kitchen w/granite counters, SS apps & breakfast bar, laminate floors, F/P, large living & dining areas & plenty of windows....

Read

Calmer than last spring’s record pace, Metro Vancouver home  buyer demand remains elevated

VANCOUVER, BC – April 4, 2022 – While down from last year’s record numbers, home sale activity in Metro Vancouver’s* housing market remained elevated in March.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,344 in March 2022, a 23.9 per cent decrease from the 5,708 sales recorded in March 2021, and a 26.9 per cent increase from the 3,424 homes sold in February 2022.

Last month’s sales were 25.5 per cent above the 10-year March sales average.

“March of 2021 was the highest selling month in our history....

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February home sales rise as buyers scoop up first of the 2022 spring listings

Statistics  released today by the Canadian Real Estate Association (CREA) show national home sales were up in February 2022 as buyers jumped on the first batch of spring listings.

Highlights:

  • National home sales rose 4.6% on a month-over-month basis in February.
  • Actual (not seasonally adjusted) monthly activity came in 8.2% below the record February in 2021.
  • The number of newly listed properties bounced back by 23.7% month-over-month.
  • The MLS® Home Price Index (HPI) rose a record 3.5% month-over-month and was up a record 29.2% year-over-year.
  • The actual (not seasonally adjusted) national...
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Sales Activity Remains Strong Heading into Spring

The British Columbia Real Estate Association (BCREA) reports that a total of 8,902 residential unit sales were recorded by the Multiple Listing Service ® (MLS® ) in February 2022, a decrease of 18.8 per cent from February 2021. The average MLS® residential price in BC was $1.109 million, a 24.9 per cent increase from $887,866 recorded in February 2021. Total sales dollar volume was $9.9 billion, a 1.5 per cent increase from the same time last year.

“While sales are not keeping pace with the unprecedented level of activity we saw this time last year, demand continues to be quite...

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February 2022 Top 10


It was an action packed month with buyers & sellers and I am grateful to all of my clients for their business and trust in me. Congratulations to my fellow realtors!

“Trust The Value”

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Most Markets Remain Balanced Amidst Mounting Headwinds
Vancouver, BC – October 14, 2026. The British Columbia Real Estate Association (BCREA) reports that 5,254...
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New Price - Great University Location
Amazing Ground Level Patio1 Bed, 1 Bath, 568sqftPriced at $385,000Click for more info Step directly...
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Simon Fraser
Market Update

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. .

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