The British Columbia Real Estate Association (BCREA) released its 2013 Second Quarter Housing Forecast today.

BC Multiple Listing Service® (MLS®) residential sales are forecast to edge up 1.9 per cent to 68,900 units this year, before increasing a further 6.5 per cent to 73,400 units in 2014. The five-year average is 74,600 unit sales, while the ten-year average is 86,800 unit sales. A record 106,300 MLS® residential sales were recorded in 2005.

"Stricter mortgage credit regulation combined with slower economic growth has kept BC home sales at a cyclical low over the past three quarters,"...

South Facine Concrete Town Home 

Join us Sunday May 5 from 2:00 to 4:00

The Hub

110 9009 Cornerstone Mews

Burnaby, BC

Unique and rarely available town home conveniently located in the heart of UniverCity! Steps to shopping, transit, SFU campus & all this area has to offer. This south facing 2level/2bed/2full bath home is in great condition & shows very well. Features: hardwood floors, open layout, euro-inspired kitchen, large windows, tons of storage, separate locker & a fabulous patio space. Top floor offers a large master bedroom w/4 pc ensuite & large walk-in, a 2nd...

The lowest priced 2 Bed & 2 Bath condo in SFU!!!!

Join us Saturday May 4 from 1:00 to 3:00

Novo II

105 9232 Universtiy Cr.,

Burnaby, BC

Clean & Spacious! This South East facing, 2bed/2bath, 888sqft unit offers an open layout, excellent room separation & well sized second bed. Features: stainless apps, granite counters throughout, breakfast bar & lots of cupboard/counter/closet space. The large master has 3pc ensuite & walk-in closet. Enjoy BBQs on the covered oversized balcony. Novo II is a concrete rental & pet friendly building with the balance of 2-5-10 yr warranty...

A closer relationship between home buyer demand and the supply of homes for sale has been having a stabilizing impact on home prices in the Greater Vancouver housing market over the last three months. 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,627 on the Multiple Listing Service® (MLS®) in April 2013. This represents a 6.1 per cent decrease compared to the 2,799 sales recorded in April 2012, and an 11.9 per cent increase compared to the 2,347 sales in March 2013.

Last month’s...

We had the chance to speak with Hafez Panju of Royal LePage Coronation West and he shared with us some great tips on what to consider about the market when you’re purchasing your home as well as his thoughts on UniverCity.

Q: We can see from your blog that you closely follow news about the Vancouver housing market. What do you tell clients who watch the market and decide to delay purchasing a home?

Hafez Panju (HP): The real estate market in Vancouver has gone through many changes over the course of the past couple of years.  Sales have trended downwards and prices have also decreased,...

 The British Columbia Real Estate Association (BCREA) reports that a total of 5,661 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during March, up 6.6 per cent from February on a seasonally adjusted basis, but down 17.7 per cent compared to March 2012. Total sales dollar volume 

"BC home sales in March posted the largest seasonally adjusted month-to-month increase since January 2011,” said Cameron Muir, BCREA Chief Economist. “However, homes sale per capita continue to remain near a cyclical low, suggesting that pent-up demand may...

Courtesy of UniverCity and the SFU Community Trust. 

http://univercity.ca/community/univercity-real-estate-investing/

Many homebuyers are discovering that UniverCity is an attractive and complete community, but how does its investment potential stack up against other neighbourhoods in Metro Vancouver?

An analysis prepared by Urban Analytics Inc (UAI), an independent consulting firm, answers this question, finding that UniverCity is Metro Vancouver’s best-kept secret for real estate investing.

In a report released this January, UAI looked at the financial factors that make for a good real...

Join us at an Open House Saturday April 6 from 1:30 to 3:00

Beautiful Views

Spacious Layout

Clean & Move-in Condition

300 9300 University Cr.

Burnaby, BC

SFU, UniverCity

Bright, spacious & extremely clean! This 3bed/2bath/1285sqft luxury concrete home, located in One University Cr., offers an excellent spacious layout, shows like new & is surrounded by beautiful nature trails. Features: East/West exposurewith large covered balcony offering City & lush forest views, rich hardwood floors, 9' ceilings throughout, good size closets in all 3 rooms, open kitchen with SS appliances, quartz...

Join us for an open house on Saturday April 6 from 1:30 to 3:30

16' Soaring Ceilings

1459 sqft, 2 Level, 3 Bed & 3 Bath Condo

Priced at $574,979

Open House: Jan 26 from 1:00 to 3:00 

10 9320 Universt Cr.

Burnaby, BC

Simon Fraser Univeristy, UniverCity

Rarely available! A stunning home w/bouns self-contained studio/flex space; perfect for home/office or suppplement income. This 1459 sqft, 3 bed/3 bath/2 level unit located in prestigious One University Cr. shows very well & is in excellent condition. Features; East/West exposure, open concept plan, soaring 16' living &...

Lower levels of both supply and demand in recent months are holding home prices in check in the Greater Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,347 on the Multiple Listing Service® (MLS®) in March 2013. This represents an 18.3 per cent decrease compared to the 2,874 sales recorded in March 2012, and a 30.6 per cent increase compared to the 1,797 sales in February 2013.

Last month’s sales were the second lowest March total in the region since 2001 and 30.2...

Beautiful Views

Spacious Layout

Clean & Move-in Condition

300 9300 University Cr.

Burnaby, BC

SFU, UniverCity

Bright, spacious & extremely clean! This 3bed/2bath/1285sqft luxury concrete home, located in One University Cr., offers an excellent spacious layout, shows like new & is surrounded by beautiful nature trails. Features: East/West exposurewith large covered balcony offering City & lush forest views, rich hardwood floors, 9' ceilings throughout, good size closets in all 3 rooms, open kitchen with SS appliances, quartz counters & lots of cupboard/counter space....

Vancouver, BC – March 14, 2013. The British Columbia Real Estate Association (BCREA) reports that a total of 4,501 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during February, down 23.6 per cent compared to February 2012. Total sales dollar volume was down 29.9 per cent to $2.39 million. The average MLS® residential price in the province was $514,134, up 3.1 per cent from January, but down 8.1 per cent from a year ago.

“BC home sales continued at a modest pace in February,” said Cameron Muir, BCREA Chief&nb...

The British Columbia Real Estate Association (BCREA) reports that a total of 3,410 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during January, up 1.8 per cent from December on a seasonally adjusted (SA) basis, but down 13.6 per cent compared to January 2012.  Similarly, total sales volume increased 3.8 per cent SA, but declined 16 per cent from the same month last year. The average MLS® residential price in the province was $514,134, up 3.2 percent from December, however, down 2.7 per cent from a year ago.

"Despite a modest uptick in consumer...

Home buyer demand remains below historical averages in the Greater Vancouver housing market. This has led some home sellers to remove their homes from the market in recent months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,351 on the Multiple Listing Service® (MLS®) in January 2013. This represents a 14.3 per cent decrease compared to the 1,577 sales recorded in January 2012, and an 18.3 per cent increase compared to the 1,142 sales in December 2012.

Last month’s sales were the second lowest January total...

Vancouver, BC – January 30, 2013. The British Columbia Real Estate Association (BCREA) released
its 2013 First Quarter Housing Forecast Update today.

BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 5.6 per cent to 71,450 units this year, before increasing a further 6.1 per cent to 75,830 units in 2014. The five-year average is 74,600 unit sales, while the ten-year average is 86,800 unit sales. A record 106,300 MLS® residential sales were recorded in 2005. 

“2013 is shaping up to be a transition year in the BC...

Bright and Spacious

Shows Well

2 Bed, 2 Bath, 2 Level, 1086 SqFt

Prices at $412,800

Open House Feb 2 from 1:00 to 3:00

123 9229 University

Burnaby, BC

Simon Fraser University, UniverCity

Detached style living with strata convenience! This extremely bright 2level/2bed/2full bath home is in great condition & shows very well. You will not be disappointed. Features: open layout, excellent room separation, large kitchen w/eating area & SS apps & your own patio. The spacious master has 3pc ensuite & tons of closet space & 2nd bed is excellent sized. The Serenity complex...

The Bank of Canada announced on January 23rd, 2013 that it is keeping its key policy interest rate at 1 per cent, where it has been held for more than two years. In providing guidance on where interest rates are heading, the Bank said interest rate hikes are “less imminent than previously anticipated.”

The Bank acknowledged that Canadian economic growth slowed more abruptly in the second half of 2012 than it had previously anticipated. It also recognized a marked deceleration in the growth of household debt, moderation in the housing sector, and softer than expected inflation.

The Bank...

16' Soaring Ceilings

1459 sqft, 2 Level, 3 Bed & 3 Bath Condo

Priced at $574,979

Open House: Jan 26 from 1:00 to 3:00 

10 9320 Universt Cr.

Burnaby, BC

Simon Fraser Univeristy, UniverCity

Rarely available! A stunning home w/bouns self-contained studio/flex space; perfect for home/office or suppplement income. This 1459 sqft, 3 bed/3 bath/2 level unit located in prestigious One University Cr. shows very well & is in excellent condition. Features; East/West exposure, open concept plan, soaring 16' living & bedroom ceilings, spacious kitchen w/quartz counters & stainless...

South Facing
Concrete Town Home
Priced at $438,800
Open: Jan 19 1:00 - 3:00

110 9009 Cornerstone Mews

Burnaby, BC

SFU, Simon Fraser Univesity, UniverCity

Unique and rarely available town home conveniently located in the heart of UniverCity! Steps to shopping, transit, SFU campus & all this area has to offer. This south facing 2level/2bed/2full bath home is in great condition & shows very well. Features: hardwood floors, open layout, euro-inspired kitchen, large windows, tons of storage, separate locker & a fabulous patio space. Top floor offers a...