Posted on
March 2, 2012
by
Hafez Panju
Closer alignment between home buyer and seller activity helped bring greater balance to the Greater Vancouver housing market in February.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,545 on the MLS® system in February 2012. This represents a 61.4 per cent increase compared to the 1,577 sales recorded in January 2012, a decline of 17.8 per cent compared to the 3,097 sales in February 2011 and a 2.9 per cent increase from the 2,473 home sales in February 2010.
February sales in Greater Vancouver were the...
Posted on
February 27, 2012
by
Hafez Panju
803 9232 University
Novo II
Sub-Penthouse
1100sqft Rooftop Deck
Priced at $498,800
Stunning Sub-Penthouse! Breathtaking 180degree views of lush forests, mountain tops, water courses & City lights from a private 1100sqft rooftop deck. This 1000sqft, 2bed+den, 2bath home shows very well & is in excellent condition; a must see. Located in Novo II, a concrete building found in UniverCity; Vancouver's premier lifestyle neighborhood. Features: bright, open layout, SS apps, granite counters throughout, breakfast bar, spacious master w/3pc ensuite, excellent sized 2nd bed complete...
Posted on
February 27, 2012
by
Hafez Panju
807 9188 University
Altaire by Polygon
Breath Taking Views
Excellent Condition
Parking & Locker
Priced at $408,800
Gorgeous home in excellent condition with breath-taking 180 degree views from Mount Baker to Downtown Vancouver to North Shore Mountains; what more could you ask for! This bright 2bed/2bath/879sqft unit features an open spacious layout, fireplace, floor to ceiling windows, a large balcony, granite counters, stainless apps & much more. The excellent sized master has walk-in, ensuite w/dual sinks & soaker tub. Bonus: 1 parking & locker. Located in...
Posted on
February 20, 2012
by
Hafez Panju
The Simon Fraser University area, specifically UniverCity of Burnaby North real estate market in the past week saw 4 new listings come to market and no MLS registered sales.
Active product on the mountain now sits at 57 listings. Last week saw the first and only listing in The Hub at 9009 Cornerstone Mews so far this year. The average list price is now $421,956 or $447.233 per sqft. The most expensive home listed in SFU, UniverCity is a 3 bedroom, 2 bath, 1388 sqft penthouse in the prestigious Auroa building. The least expensive unit available is one from Liberty Homes located...
Posted on
February 20, 2012
by
Hafez Panju
I had a the pleasure to interview David Porte, President of Porte Development and developers of Lift at Simon Fraser University, SFU, UniverCity.
Register Today! On February 26th, 2012 from 12:00pm to 2:00pm be one of the first to view LIFT and have an opportunity secure your new home on Burnaby Mountain in UniverCity.
If you have not already heard, Porte Development has announced a second project for the SFU UniverCity area atop Burnaby Mountain. Pre-Sales are now anticipated sometime around the middle of February 2012.
Lift will be...
Posted on
February 15, 2012
by
Hafez Panju
The Harmony
508 939 University Cr.
Corner Penthouse with 12' Ceilings
Open House Feb 18 from 1:00 to 3:00
Stunning SW views from this bright & spacious corner penthouse home; one of the best units in the complex! Features: soaring 12' ceilings, laminate floors throughout, stainless appliances, updated cabinets & bonus 2 parking stalls & locker.Excellent sized master w/nook, large ensuite with soaker & walk-in closet. Second bedroom is well sized & offers lots of light & views. Located in The Harmony, a rental and pet friendly complex w/balance of a...
Posted on
February 7, 2012
by
Hafez Panju
Hungerford Group, developers of the multi award winning MacPerson Walk in South Burnaby are the latest to secure a building site on top of Burnaby Mountain at SFU, UniverCity. Altitude will be a 2 tower development comprising of a 12 and 14 story building with a total of 210 strata units. Homes will range in price and size with 1, 2 & 3 bedroom plans and a small selection of town homes. Located at the peak of University Crescent next to Altaire, Altitude will rise higher up than any other residential building currently in UniverCity or within Metro Vancouver for that matter.
Hungerford intends...
Posted on
February 6, 2012
by
Hafez Panju
The Simon Fraser University area, specifically UniverCity of Burnaby North real estate market has had an active start to the year.
Since the beginning of this year there have been 35 new listings that have come to market. Of the 35 new listings 5 are located in Highland House, Liberty Homes new development project at SFU. Total activity inventory now sits at 53 homes. Total resale inventory, once we remove both active listings from Highland House and Origin by Porte Development, is 43. This represents roughly 3.2% of total resale properties in the area. Average...
Posted on
February 6, 2012
by
Hafez Panju
Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability and less fluctuation compared to the beginning of 2011.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,577 on the Multiple Listing Service® (MLS®) in January 2012. This represents a 4.9 per cent decrease compared to the 1,658 sales recorded in December 2011, a decrease of 13.3 per cent compared to the 1,819 sales in January 2011...
Posted on
February 3, 2012
by
Hafez Panju
The Harmony
508 939 University Cr.
Corner Penthouse with 12' Ceilings
Open House Jan 22 from 2:00 to 4:00
Stunning SW views from this bright & spacious corner penthouse home; one of the best units in the complex! Features: soaring 12' ceilings, laminate floors throughout, stainless appliances, updated cabinets & bonus 2 parking stalls & locker.Excellent sized master w/nook, large ensuite with soaker & walk-in closet. Second bedroom is well sized & offers lots of light & views. Located in The Harmony, a rental and pet friendly complex w/balance of a 2-5-10...
Posted on
January 30, 2012
by
Hafez Panju
The Simon Fraser University area, specifically UniverCity of Burnaby North real estate market has now registered three sales 2012. Two units in Hamony at the Highlands have registered as sold during the past week.
There were a total of five new listings during the past week, bringing the total available inventory to 45 homes. All five of the new listings were in the resale market. The average list price is now $438,006 or $449.93 per sqft. The most expensive home on the market is a gorgeous penthouse unit located in Altaire priced at $688,800 and the least expensive...
Posted on
January 27, 2012
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) released its 2012 First Quarter Housing Forecast Update today.
“Modest economic growth at home and abroad is expected to limit growth in consumer demand both this year and in 2013,” said Cameron Muir, BCREA Chief Economist.
BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 2.1 per cent from 76,817 units in 2011 to 78,400 units this year, increasing a further 2.7 per cent to 80,500 units in 2013. The 15-year average is 79,000 unit sales. A record 106,310 MLS® residential sales were recorded in 2005. ...
Posted on
January 27, 2012
by
Hafez Panju
Don't Miss Your Chance to own in Lift
Did you miss out on the last few pre-sale opportunities at Simon Fraser University, UniverCity? Not to worry, we have you covered.
Porte Development in connection with Hafez Panju and www.liveatsimonfraser.com, are hosting an exclusive pre-sale preview of Lift, the latest project at SFU. Be one of the first to secure your own home in this exciting project; before the general public.
Posted on
January 23, 2012
by
Hafez Panju
The Simon Fraser University area, specifically UniverCity of Burnaby North real estate market has now officially registered its first sale of 2012. A 3 bed, 2 bath, 2 level town home located in Serenity at 9229 University has sold for $438,000. Although the sale was posted to MLS this past week, the actual sale date was January 12, 2012.
As of today there are now 43 active listings on the Mountain with 3 new listings during the past week. Two of the new listings are pre-sale homes in Lift by Porte Development. The average list price is $442,614 or $49.89 per sqft. ...
Posted on
January 18, 2012
by
Hafez Panju
The real estate market in Simon Fraser University area, specifically UniverCity on Burnaby Mountain has seen an increase in activity since the beginning of the year. We are off to a great start. As I reported in my 2011 Year in Review post back on January 6, 2012, inventory levels were low at the time. Of the approximately 1350 resale units in UniverCity, as of Jan 6, 2012 there were only 31 active listings or approximately 2.3% of resale units for sale.
Fast forward one week or rather 11 days and we now see 40 active listings. Although still low at only 2.9% of resale...
Posted on
January 17, 2012
by
Hafez Panju
The Harmony
508 939 University Cr.
Corner Penthouse with 12' Ceilings
Open House Jan 22 from 2:00 to 4:00
Stunning SW views from this bright & spacious corner penthouse home; one of the best units in the complex! Features: soaring 12' ceilings, laminate floors throughout, stainless appliances, updated cabinets & bonus 2 parking stalls & locker.Excellent sized master w/nook, large ensuite with soaker & walk-in closet. Second bedroom is well sized & offers lots of light & views. Located in The Harmony, a rental and pet friendly complex w/balance of a 2-5-10...
Posted on
January 17, 2012
by
Hafez Panju
Ottawa ‐ The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The outlook for the global economy has deteriorated and uncertainty has increased since the Bank released its October Monetary Policy Report (MPR). The sovereign debt crisis in Europe has intensified, conditions in international financial markets have tightened and risk aversion has risen. The recession in Europe is now expected to be deeper and longer than the Bank had anticipated in...
Posted on
January 16, 2012
by
Hafez Panju
Vancouver, BC – January 13, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC climbed 14.3 per cent to $43.1 billion in 2011. A total of 76,817 homes were sold in BC in 2011, up 2.9 per cent from 2010. The average annual MLS® residential price climbed 11.1 per cent to $561,026 over the same period.
"Low mortgage interest rates and gradually improving economic conditions contributed to a moderate increase in consumer demand last year," said Cameron Muir, BCREA Chief Economist. "BC home sales...
Posted on
January 12, 2012
by
Hafez Panju
Fabulous Outdoor Patio
Harmony at The Highlands
Burnaby, BC
UniverCity SFU
Open House Saturday Jan 14 from 1:00 to 3:00
Outdoor lover ALERT!!! Huge semi-private outdoor patio with direct access to your suite; perfect for gardeners & pet owners alike. This 2bed/2bath/837sqft home shows very well. Features: laminate flooring throughout, open concept plan, SSapps w/gas stove, gas F/P & bonus storage locker. Excellent sized master w/nook, ensuite with soaker & walk-in closet & a well sized 2nd bed complete this home. Located in The Harmony,...
Posted on
January 12, 2012
by
Hafez Panju
Burnaby's future?: A gondola such as this could be transporting students up Burnaby Mountain to SFU in years to come.
 Photograph by: Contributed, BURNABY NOW
METRO VANCOUVER - A gondola up Burnaby Mountain Simon Fraser University would save time but it would be more expensive to run than the buses now using the route.
A business case study, conducted for TransLink, shows that despite the benefits of running a cable car from Production Way station to the top of the mountain, the cost to build and operate a gondola would be about $12 million higher than continuing to serve the route by bus over the...
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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.