Posted on
September 26, 2011
by
Hafez Panju
The Harmony
508 939 University Cr.
Corner Penthouse with 12' Ceilings
Open House Oct 1st 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 2-5-10 yr...
Posted on
September 16, 2011
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 16.4 per cent to 6,504 units in August compared to the same month last year. The average MLS® residential price climbed 10.7 per cent to $539,953 last month compared to August 2010.
"BC home sales edged up one per cent in August compared to July on a seasonally adjusted basis,” said Cameron Muir, BCREA Chief Economist. “Low mortgage interest rates continued to underpin housing demand in the province last month".
"Total active listings...
Posted on
September 12, 2011
by
Hafez Panju
If you have not already heard, Porte Development has announced a second project for the SFU UniverCity area atop Burnaby Mountain. Lift is scheduled to go on pre-sale sometime this fall and will be located on University High Street at the corner of University Crescent.
Lift will be a wood frame building comprising of 56 homes. Building technologies, environmental features, and price points should be similar to Origin. However, Kristie Marsden, Sales Manager for Porte Development has advised that finishings will be a little different compared to Origin. A mix of marble...
Posted on
September 7, 2011
by
Hafez Panju
Open House
Saturday September 10 from 1:00 to 3:00
New Price!!!
Stunning & bright corner unit that will exceed your expectations. This 2bed/2bath, 1056sqft home offers west exposure, green space & mountain top views, 12' ceilings, expansive windows, a spacious open plan, a covered balcony & unique foyer. Altaire is a concrete hi-rise with high-end finishing, excellent amenities & balance of 2-5-10 yr warranty. Features: granite, SS apps, large living room, breakfast bar & excellent closet space. Master has walk-in, & ensuite: 2 sinks, soaker & shower. Bonus: 1...
Posted on
September 7, 2011
by
Hafez Panju
Ottawa, Ontario ‐ 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 global economic outlook has deteriorated in recent weeks as several downside risks to the
projection in the Bank’s July Monetary Policy Report (MPR) have been realized. The European sovereign debt crisis has intensified, a broad range of data has signalled slower global growth, and financial market volatility has increased sharply. Recent benchmark revisions show that the U.S....
Posted on
September 2, 2011
by
Hafez Panju
August marked the third consecutive month that home sale activity in Greater Vancouver was below the 10-year average for the month. In contrast, home listing activity in the region has exceeded the 10-year norm every month since the beginning of the year.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,378 in August. This total represents an eight per cent increase compared to the 2,202 sales in August 2010, but also ranks as the third lowest...
Posted on
August 14, 2011
by
Hafez Panju
Porte Developement introduces it's newest addition to UniverCity, LIFT, which will followup on the great success of ORIGIN. Located at the the corner of University High Street and University Crescent, LIFT offers a new level of living.
LIFT's name is drawn from its hilltop location and the site's natural topography, as well as being inspired by its proximity to SFU, and the aspirations this community represents.
LIFT will be an intimate collection of 53 homes, and will include a mix of some favourite ORIGIN one bedroom and one bedroom plus den flats, as well as something UniverCity...
Posted on
August 11, 2011
by
Hafez Panju
According to MLS data as August 11, 2011 for the Simon Fraser University area, specifically UniverCity of Burnaby North, sales in the area increased by 25% compared to June 2011. There were 10 sales in the month of July. As August 2, 2011 (Simon Fraser University Market Update & Summary for July 2011) there were only 7 sales at the time. I noted that the MLS data could actually increase as sales reports come in during the first two weeks of August. Well looks like the number increased.
If you are considering buying or selling a property in the SFU area and...
Posted on
August 11, 2011
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 12.9 per cent to 6,533 units in July compared to the same month last year. The average MLS® residential price climbed 10 per cent to $540,877 last month compared to July 2010.
"BC home sales edged down 4 per cent from June to July, on a seasonally adjusted basis," said Cameron Muir, BCREA Chief Economist. "Less frenetic buying activity in Vancouver operated to pull total provincial sales lower."
"The silver lining in the recent global economic...
Posted on
August 4, 2011
by
Hafez Panju
Here is a building rendering of Liberty Homes' upcoming development for the Simon Fraser University area.
Impressed! This looks to be one of the more esthetically pleasing building in the UniverCity area. As reported in my blog post (Liberty Homes announces Highland House; latest SFU UniverCity Development) one of the unique features of Highland House is the terraced aspect of the building. You will see from this rendering some units will enjoy expansive balconies.
Exciting times lie ahead for the UniverCity community.
Posted on
August 3, 2011
by
Hafez Panju
While the balance between home buyer and seller activity remains in an equilibrium range in the Greater Vancouver housing market, last month’s home sale total was below the 10-year average for July.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,571 in July, a 14 per cent increase compared to the 2,255 sales in July 2010 and a 21.2 per cent decline compared to the 3,262 sales in June 2011.
“We’re seeing less multiple offer situations...
Posted on
August 2, 2011
by
Hafez Panju
According to MLS data as August 2, 2011 for the Simon Fraser University area, specifically UniverCity of Burnaby North, there were 7 sales in the month of July. This figure could actually trend higher as it is possible that current MLS information is not 100% up to date; if could take about 1 week for all July sales to finally register. However, this is only one sale less than May 2011 which saw a total of 8 properties change hands.
Presently there are a total of 68 units for sale in both resale and pre-sale developments/complexes. The average list price of all available...
Posted on
August 2, 2011
by
Hafez Panju
Highland House by Liberty Homes at UniverCity atop Burnaby Mountain is the latest condo project that will commence pre-sales in fall of 2011.
Highland house is a 12-storey concrete high-rise development and targeted towards Rental Investors and First-Time Condo Buyers. This new tower will be located on desirable Lot 23, next to the new child care center and on the corner of University Cr and Highland Ct. The location is desirable for a number of reasons however two of the key location features are its proximity to the bus loop and shopping amenities.
There will be a total...
Posted on
July 19, 2011
by
Hafez Panju
The Bank of Canada held its trend-setting Bank Rate at 1.25 per cent on June 19th, 2011. This marks the seventh consecutive policy decision in which interest rates have been kept on hold.
The Bank has been warning for some time that interest rates will ultimately have to rise, but hinted more strongly in this most recent announcement that a hike was coming by removing the word “eventually” as to when that might happen.
The Bank said, “To the extent that the expansion continues and the current material excess supply in the economy is gradually absorbed, some of the considerable monetary...
Posted on
July 14, 2011
by
Hafez Panju
Simon Fraser University Market Update & Commentary
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, there have been a total of 55 sales year-to-date with an average sales price of $387,167 or $429.52 per sqft. So far this year it has taken on average 45 days for a sale to occur in the area.
Presently there are a total of 70 units for sale in both resale and pre-sale developments/complexes. The average list price of all available inventories sits at $436,896 or $473.04 per sqft. Month-to-date July is tied with May for the...
Posted on
July 14, 2011
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 2.4 per cent to 7,904 units in June compared to the same month last year. The average MLS® residential price climbed 14.4 per cent to $571,837 last month compared to June 2010.
"Home sales were relatively unchanged in June compared to last year," said Cameron Muir, BCREA Chief Economist. "However, low mortgage interest rates and an overdue pick-up in BC employment growth are expected to provide some incentive to consumers over the summer months."...
Posted on
July 5, 2011
by
Hafez Panju
Home sellers outpaced buyers on Greater Vancouver’s Multiple Listings Service® (MLS®) in June, drawing the market back toward balance this summer.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 3,262 in June, a 9.8 per cent increase compared to the 2,972 sales in June 2010 and a 3.4 per cent decline compared to the 3,377 sales in May 2011.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,793 in June. This represents a 4.5 per cent increase...
Posted on
July 3, 2011
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) released its 2011 Second Quarter Housing Forecast today.
BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 5 per cent from 74,640 units in 2010 to 78,200 units this year, before increasing a further 3.1 per cent to 80,700 units in 2012.
"Home sales will post some modest gains over the next two years," said Cameron Muir, BCREA Chief Economist. "However, positive housing fundamentals like job growth, rising wages and an expanding population base will be somewhat offset by higher borrowing costs over the...
Posted on
June 23, 2011
by
Hafez Panju
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, during the past week there were a total of 5 new listings that came to market. This brings the total active listings on MLS to 59 including resale and pre-sale properties. The average list price is $436,987 or $474.22 per sq ft.
There were two sales recorded during the past week. The average sale price was $336,000 or $413.88 per sqft.
Contact us now if you have questions about the market in general or specifically if you would like to learn more about the Simon Fraser...
Posted on
June 23, 2011
by
Hafez Panju
Just Sold
Simon Fraser University
Novo II - 404 9262 University, Bunaby
1 bedroom + den in award winning UniverCity. Immaculate, move-in condition, with views from living room & balcony! Spacious, bright & quiet InterGulf unit boasts a great layout. Luxurious granite counter tops in bathroom and kitchen. Kitchen has S/S Frigidaire appliances & island which accommodates bar stools. Front load Frigidaire washer/dryer. Balcony is ideal for entertaining, bird watching & enjoying your view of the tranquil forest. 1 secure parking. Pets welcome. Walk to SFU, shops, restaurants,...
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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.