Posted on
January 11, 2011
by
Hafez Panju
UniverCity - Novo 1
#1 9298 University Cr, Burnaby, BC
Desirable green-space facing, ground floor end unit with large covered patio; perfect for year-round use. This 1 bed & den 694 sqft unit is in excellent condition, shows very well & offers an open layout. Located in Novo 1's South Toweron the quiet side, this complex offers balance of 2-5-10 year warranty, no rental restrictions & welcomes pets. Features: granite counters, breakfast bar, fireplace, plenty of cupboard/counter & close space. Close to: transit, shopping, indoor/outdoor rec & a host of perks available...
Posted on
January 5, 2011
by
Hafez Panju
According to MLS data, the Simon Fraser University area and specifically UniverCity of Burnaby North saw 5 properties change ownership in the month of December 2010. Of these 5 sales 2 were registered to Nest by Mosiac, one of two new developments currently offered for pre-sale. The average sale price of these 5 units is $298,110 however, that does not account for the HST paid by buyers on the two new development units.
Presently in the UniverCity area there are only 28 properties listed for sale of which 6 are located in new developments. This means that only 22 resale ...
Posted on
January 5, 2011
by
Hafez Panju
The Greater Vancouver residential housing market entered three distinctive phases in 2010. Continued buoyancy from the post-recession recovery began the year, followed by a summer lull and, throughout the fall, a sustained period of stability.
The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2010 reached 30,595, a 14.2 per cent decrease from the 35,669 sales recorded in 2009, but a 24.2 per cent increase from the 24,626 residential sales in 2008. Last year’s number of housing sales was 10.3 per cent below the...
Posted on
December 16, 2010
by
Hafez Panju
UniverCity - Novo 1
#1 9298 University Cr, Burnaby, BC
Desirable green-space facing, ground floor end unit with large covered patio; perfect for year-round use. This 1 bed & den 694 sqft unit is in excellent condition, shows very well & offers an open layout. Located in Novo 1's South Toweron the quiet side, this complex offers balance of 2-5-10 year warranty, no rental restrictions & welcomes pets. Features: granite counters, breakfast bar, fireplace, plenty of cupboard/counter & close space. Close to: transit, shopping, indoor/outdoor rec & a host of perks available...
Posted on
December 16, 2010
by
Hafez Panju
We are pleased to launch the official fanpage for www.liveatsimonfraser.com. Facebook is an excellent medium that will complement our website, Twitter account and other marketing initiatives. Viewers will learn more about UniverCity and SFU and updates will be made regularly. This page will also be used extensively to market listings to the public, adding considerable value to home owners and investors looking to sell their properties in the UniverCity, Simon Fraser area.
Please check us out and “Like” our page at here.
We hope you enjoy learning more about www.liveatsimonfraser.com...
Posted on
December 14, 2010
by
Hafez Panju
UniverCity - Altaire
PH5 9188 University Cr., Burnaby, BC
Breath-taking panoramic views from Vancouver to Burrard Inlet, from city lights to lush mountains, a gorgeous penthouse unit that will not disappoint. This bright 2bed/2bath/1140+sqft unit features expansive windows, over height ceilings, laminate/tile floors, stainless appliances, granite counters w/under mount sink, fireplace, a large wrap-around balcony & so much more. The excellent sized master offers a 5 pc ensuite w/soaker & a huge walk-in closet. Altaire, Polygon built, offers balance of 2-5-10 warranty & fully equipped...
Posted on
December 14, 2010
by
Hafez Panju
UniverCity - Novo 1
#1 9298 University Cr, Burnaby, BC
Desirable green-space facing, ground floor end unit with large covered patio; perfect for year-round use. This 1 bed & den 694 sqft unit is in excellent condition, shows very well & offers an open layout. Located in Novo 1's South Toweron the quiet side, this complex offers balance of 2-5-10 year warranty, no rental restrictions & welcomes pets. Features: granite counters, breakfast bar, fireplace, plenty of cupboard/counter & close space. Close to: transit, shopping, indoor/outdoor rec & a host of perks available...
Posted on
December 14, 2010
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 20 per cent in November from October 2010, on a seasonally adjusted basis. Compared to November of last year, MLS® residential unit sales were down 21 per cent to 5,647 units. The average MLS® residential price rose 9 per cent to $523,394 in November compared to the same month last year.
"Improved economic conditions and low mortgage interest rates have contributed to a 46 per cent increase in home sales since July," said Cameron Muir, BCREA Chief Economist....
Posted on
December 8, 2010
by
Hafez Panju
According to MLS data, the Simon Fraser University area, specifically UniverCity of Burnaby North currently offers buyers a limited selection of properties to choose from. Presently there are only 37 active listings representing less than 3% of all residents in the area. This is a low level of inventory for this area.
The week saw 8 news listings come to market and 0 sales. Interesting to note is that of the 37 active listings, 9 are being offered at two new developments – Nest by Mosaic and Origin by Port Development.
Year to date there have been a total of 128 sales...
Posted on
December 7, 2010
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.
The global economic recovery is proceeding largely as expected, although risks have increased. As anticipated, private domestic demand in the United States is picking up slowly, while growth in emerging-market economies has begun to ease to a more sustainable, but still robust, pace. In Europe, recent data have been consistent with a modest recovery. At the same time, there is an increased risk that...
Posted on
December 2, 2010
by
Hafez Panju
Greater Vancouver residential home sales improved in November compared to the previous four months, with the number of sales posted on the Multiple Listing Service® (MLS®) coming in slightly higher than the 10-year average for that month.
The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,509 in November 2010. This represents a 7.4 per cent increase compared to October 2010 and an 18.6 per cent decline from the 3,083 sales in November 2009.
Looking back further, last month’s residential sales represent...
Posted on
November 25, 2010
by
Hafez Panju
Exciting news for Nest by Mosiac, developers of one of two new condo projects in UniverCity at SFU, only 12 homes remain! Since their launch just this past fall they are already 80% sold out.
The success of Nest further demonstrates the desire of the UniverCity Community. Currently there are approximately 150 residents being built, including 80 from Nest, which are scheduled for completion mid 2012. Plans are to grow the community to roughly 10,000 residents over the next 10+ years. The newly opened elementary school, the opening of Nester’s Market earlier this year, more...
Posted on
November 15, 2010
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 36 per cent to 5,507 units in October compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province increased 2 per cent in October from September 2010. The average MLS® residential price climbed 6 per cent to $521,859 in October compared to the same month last year.
“ BC home sales have posted moderate gains since the summer months ,” said Cameron Muir, BCREA Chief Economist. “Consumer demand...
Posted on
November 10, 2010
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) released its Fall Housing Forecast 2010 today.
BC Multiple Listing Service® (MLS®) residential sales are forecast to decline 12 per cent from 85,028 units in 2009 to 74,950 units this year, before increasing 6 per cent to 79,700 units in 2011.
“Consumers are responding to a double-dip in mortgage interest rates, ” said Cameron Muir, BCREA Chief Economist. “While housing demand waned in the province through the spring and summer, the added purchasing power from low borrowing costs combined with gradual improvement in the...
Posted on
November 2, 2010
by
Hafez Panju
Greater Vancouver home sales have remained steady over the past four months, indicating stability in the residential housing market. With the MLS® sales to active listing inventory ratio indicating a buyers’ market, properties appropriately priced are selling.
According to the MLSLink® Housing Price Index (HPI), the benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 4.6 per cent to $579,349 in October 2010 from $553,702 in October 2009. Since June, however, residential home prices in Greater Vancouver have remained relatively unchanged,...
Posted on
November 1, 2010
by
Hafez Panju
According to MLS data, the Simon Fraser University area, specifically UniverCity of Burnaby North was fairly active last week. From October 25, 2010 to October 31, 2010 there were 12 new listings, all located in the UniverCity Community. However, 10 of 12 the new listings were from developers of new projects: 4 from Origin by Port Development & 6 from Nest by Mosaic. Totally active listing in the Simon Fraser University is 49 as of October 31, 2010.
There were no sales for this week but sales totals may take up to one week to be posted.
The average list price in the area...
Posted on
October 28, 2010
by
Hafez Panju
The Sales Team for Origin, one of two new projects at UniverCity reports that sales continued to be strong through fall with almost 50% of the building now sold out.
They have also recently announced a new First Time Buyer Incentive program:
- 10% deposit only (the typically deposit is 20% over an extended period of time)
- $6500 discount off the purchase price
- The program is on a limited number of homes so one must act fast
- ...
Posted on
October 28, 2010
by
Hafez Panju
Third-quarter results show Canadian house prices appreciating at close to the longterm annual norm of five per cent per year.
Canada’s residential real estate market saw year-over-year growth in the third quarter as fears of a double dip recession or a housing bubble faded. According to the Royal LePage House Price Survey released today, house price appreciation slowed to a more modest five per cent in the quarter, which is historically typical of balanced real estate markets.
“Most Canadian housing markets cooled in the third quarter. In fact, the year is unfolding much as we...
Posted on
October 20, 2010
by
Hafez Panju
UniverCity at Simon Fraser
601 9188 University Cr. Burnaby, BC, V5A 0A5
Gorgeous like-new unit, offers breath-taking views of Burrard Inlet & privacy from adjacent green space. This exceptionally bright 2bed/2bath/1039sqft home features a spacious layout, fireplace, floor to ceiling windows, a large balcony, granite counters, stainless apps & so much more. The large master has walk-in & ensuite w/dual sinks, soaker & shower. Bonus custom closet organizers & cabinets add plenty storage. Altaire, Polygon built, offers balance of 2-5-10 warranty & fully equipped...
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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.