Posted on
June 16, 2011
by
Hafez Panju
Grammy and Juno Award-winning musician Sarah McLachlan received the degree of Doctor of Fine Arts, honoris causa at the June 15, 2011 convocation ceremony at SFU.
The Vancouver singer, songwriter and Lilith Fair founder has sold some 40 million albums worldwide and raised millions of dollars for women's charities, AIDS sufferers and inner-city kids, to name a few.
She performed two songs at the ceremony, World On Fire from her 2003 album Afterglow and Angel from her 1997 album Surfacing.
Posted on
June 16, 2011
by
Hafez Panju
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, during the month of May 2011 there were a total of 3 sales for an average cost per sqft of $365.80. Of the three sales registered through MLS two were in the resale market and one was in Origin by Port Development. This compares to 11 sales that took place in April 2011 or a decrease of approximately 77%.
Presently there are 58 active listings for an average cost per sqft of $475.39. In the month of May 17 new listing came to market compared to the month of April that saw...
Posted on
June 15, 2011
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province edged down one per cent to 7,857 units in May compared to the same month last year. The average MLS® residential price climbed 20 per cent to $596,872 last month compared to May 2010.
"Tighter mortgage rules, tepid employment growth and advance buying during the first quarter kept BC home sales on a lower note in May," said Cameron Muir, BCREA Chief Economist. "However, recent downward pressure on mortgage interest rates is expected to provide some...
Posted on
June 6, 2011
by
Hafez Panju
Spectacular Unit with 12’ Ceilings
Altaire at Simon Fraser University
101 9222 University
$519,800
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:...
Posted on
June 6, 2011
by
Hafez Panju
The Bank of Canada held its trend-setting Bank Rate at 1.25 per cent on May 31, 2011. This marks the sixth consecutive policy rate announcement for which interest rates have been kept on hold.
The Bank now sees headline inflation as staying above 3 per cent in the short term. It nonetheless maintained its inflation outlook included in its April Montary Policy Update, which indicated that inflation in Canada would hit two per cent by mid-2012.
“The Bank sets rates based on an inflation target of between one and three per cent, and it normally leans against inflation by raising interest...
Posted on
June 6, 2011
by
Hafez Panju
Home sales remained at typical springtime levels on the Multiple Listing Service® (MLS®) in Greater Vancouver in May.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,377 in May 2011, a 7 per cent increase compared to the 3,156 sales in May 2010 and a 4.7 per cent increase compared to the 3,225 sales in April 2011.
Looking back further, last month’s residential sales are 8.1 per cent below the ten-year average for sales in May. The three highest selling Mays ever...
Posted on
May 25, 2011
by
Hafez Panju
Origin by Porte Development at UniverCity is now 75% sold out and is launching new pricing models for some of the remaining units.
Origin is built to meet the new mandatory zoning bylaws for the SFU area created in association with the building community and the City of Burnaby. These new zoning regulations ensure all new developments are at least 30 percent more efficient than existing developments while still remaining cost effective for the developers.
Origin is designed by GBL Architect & BYU Interior Designs and is situated on one of the plateaus in the...
Posted on
May 20, 2011
by
Hafez Panju
Spectacular Unit with 12’ Ceilings
Altaire at Simon Fraser University
101 9222 University
$519,800
Open House May 21 from 1:00 to 3:00
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...
Posted on
May 19, 2011
by
Hafez Panju
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, there are presently 52 active listings for an average list price of $436,003 or $478.45 per sq ft. The number of active listing represents less than 3.5% of resale inventory.
Of the 52 listings there are 9 units for sale on MLS that are located in the Origin project by Port Development. Origin is now coming close to being fully sold out.
Year to date activity puts total sales at 42 since the beginning of January 1, 2011. The average sale price has been $394,410 or $429.13...
Posted on
May 16, 2011
by
Hafez Panju
Spectacular Unit with 12’ Ceilings
Altaire at Simon Fraser University
101 9222 University
$519,800
Open House May 21 from 1:00 to 3:00
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...
Posted on
May 12, 2011
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province declined 14 per cent to 7,187 units in April compared to the same month last year. The average MLS® residential price climbed 16 per cent to $598,308 last month compared to April 2010.
"BC home sales edged lower in April as the result of home purchases that were pulled forward during the first quarter," said Cameron Muir, BCREA Chief Economist. "The province’s housing markets continue to exhibit a two steps forward, one step back trajectory in tandem...
Posted on
May 10, 2011
by
Hafez Panju
Posted on
May 7, 2011
by
Hafez Panju
UniverCity - Novo II
#306 9232 University
Shows very well & offers views of green space, mountain tops & city lights. You won’t be disappointed! This bright 2bed/2bath, 888sqft home has a spacious open layout & excellent rm separation. Novo II is a concrete building, has balance of 2-5-10 yr warranty allows rentals & pets. Features: SS apps, granite counters, breakfast bar & lots of cupboard/counter/closet space. The lrg master has 3pc ensuite & walk-in. Enjoy BBQs on the covered oversized balcony. Bonus: locker & parking. Benefit from all UniverCity offers: $30...
Posted on
May 5, 2011
by
Hafez Panju
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, during the month of April 2011 there were a total of 8 sales for an average cost per sqft of $473.32. All sales were registered in the resale market including a stunning 1925 sqft penthouse unit that sold for $975,000! This compares to 11 sales in the resale market that took place in March 2011 or a decrease of approximately 27%. The average cost per sqft however has increased from $441.83.
Presently there are 53 active listings for an average cost per sqft of $466.79. Since...
Posted on
May 3, 2011
by
Hafez Panju
Greater Vancouver saw a typical, solid month of residential home sales on the Multiple Listing Service® (MLS®) in April, in contrast to the near record pace witnessed in the two preceding months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,225 in April 2011, an 8.2 per cent decrease compared to the 3,512 sales in April 2010 and a 21 per cent decline compared to the 4,080 sales in March 2011.
Looking back further, last month’s residential sales represent an 8.8...
Posted on
April 23, 2011
by
Hafez Panju
Simon Fraser University plans to use wood construction waste to produce heat and hot water for its Burnaby campus and its sustainable residential community UniverCity.
The provincial government will provide $4.7 million in funding for the project, a joint venture between SFU, SFU Community Trust and Corix Utilities, the green energy company that will be responsible for building and maintaining the facility.
The project is expected to reduce SFU's greenhouse gas emissions by 11,000 tonnes a year, Premier Christy Clark said in making the announcement Thursday.
The plant will process...
Posted on
April 18, 2011
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province continued to climb higher in March. Compared to March of 2010, MLS® residential unit sales increased 11.5 per cent to 8,600 units. The average MLS® residential price rose 15 per cent to $594,157 in March compared to the same month last year.
"We continue to observe a two-speed market in BC, with surging consumer demand in Metro Vancouver overshadowing more moderate demand in other regions," said Cameron Muir, BCREA Chief Economist. "Vigorous consumer demand...
Posted on
April 13, 2011
by
Hafez Panju
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.
As anticipated in the January Monetary Policy Report (MPR), the global economic recovery is becoming more firmly entrenched and is expected to continue at a steady pace. In the United States, growth is solidifying, although consolidation of household and ultimately government balance sheets will limit the pace of the expansion. European growth has strengthened, despite ongoing sovereign debt and banking...
Posted on
April 13, 2011
by
Hafez Panju
Shows very well & offers views of green space, mountain tops & city lights. You won’t be disappointed! This bright 2bed/2bath, 888sqft home has a spacious open layout & excellent rm separation. Novo II is a concrete building, has balance of 2-5-10 yr warranty allows rentals & pets. Features: SS apps, granite counters, breakfast bar & lots of cupboard/counter/closet space. The lrg master has 3pc ensuite & walk-in. Enjoy BBQs on the covered oversized balcony. Bonus: locker & parking. Benefit from all UniverCity offers: $30 3 zone bus-pass, Nesters grocery, brand new elementary,...
Posted on
April 7, 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 4 new listings that came to market. This brings the total active listings on MLS to 50. The average list price is $436,204 or $4468.74 per sq ft.
There were two sales recorded during the past week. The average sale price was $385,000or $46.61.
According to the Real Estate Board of Greater Vancouver (“REBGV”) sales in the Vancouver market rose 31.7% month-over-month from February 2011 to March 2011. In Burnaby specifically...
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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.