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Just Listed: 208 9232 University Cr., Burnaby, Burnaby North, SFU

Spacious 1 Bed Home

Excellent Condition

Priced at $458,800


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Enjoy the peace & tranquility this area has to offer. Welcome to UniverCity at SFU, Vancouver premier lifestyle neighborhood. This 1 bed, 1 bath 624sqft home, located in Novo II; a concrete, rental and pet friendly building will not disappoint. Perfect for investors, first time buyers, students & everyone else in between. Features: an abundance of natural light, an open layout, granite counters, SS appliances, laminate floors, newer front load washer & dryer & covered balcony. The large bedroom has plenty of closet space and overlooks the balcony. Close to: transit, shopping, indoor/outdoor recreation & a host of perks available only to UniverCity residences. Do not miss your chance to enjoy living in this great neighborhood!

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Just Listed: 18 9525 204th St., Langley, Walnut Grove

Bright, spacious and in impeccable condition. Just a few ways to describe this South facing 3bed/2bath/1439sqft town home. Located in what is arguably one of the Langley's most mature & desirable neighborhoods - Walnut Grove. You won't be disappointed. Main: rich laminate floors, open concept plan, kitchen w/granite counters, large island w/breakfast bar, SS appls, generous sized living & dining rooms & access to partially covered balcony overlooking just enough yard space for fido. Up: plush carpets, large master w/pass through closets, 4pc ensuite, 2 well sized rooms, 4pc bath & laundry. Lower: has tandem garage w/extra nook space & plenty of additional storage. Close to: shopping, parks, all levels of schools, Golden Ears bridge & HWY 1. Act Now!


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Just Sold: 105 255 Ross Dr., New Westminster, Fraserview NW


Well cared for CORNER unit 2 Bed + Den & 2 Bath, 1034 sf*, SE facing suite overlooking beautiful gardens w/ private oversized balcony. This spacious suite features open plan, high ceiling, granite counters, SS appliances, fresh paint, electric FP, new DW, Microwave & clothes washer, primary bdrm has large walk in closet & practical DEN perfect for home office or nursery or flex space. 2 side by side parking stalls & storage locker. Strata boasts a full fitness facility, library/study area, movie theater, outdoor basketball court, party room, playground & duck pond. Rentals ok. 1 cat/dog ok. Great walkable neighborhood close to Queens Park, transit, restaurants, biking paths, schools & shopping! *Measured by Keyplan/Strata Plan shows 1020 sqft.


Listing Offered by: RE/MAX All Points Realty

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NEW PRICE - 507 9339 University Cr., Burnaby, SFU, Burnaby North

Top Floor Unit
12’ Ceilings, 2 Parking & Locker
Priced at $568,800


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Enjoy bright, south east exposure from this penthouse home located in Harmony At The Highlands in UniverCity; Vancouver's premier lifestyle neighborhood! Features: soaring 12’ ceilings, laminate floors, open plan, stainless appliances & breakfast bar, plenty of storage space & cozy gas F/P. Excellent sized master w/nook space, ensuite with soaker & walk-in closet, well sized 2nd bed & 3pc main bath complete this home. Harmony is a rental and pet friendly complex with gym facilities. Bonus: 2 PARKING spots & locker Close to: transit, shopping, indoor/outdoor recreation & a host of perks available only to UniverCity residences. Do not miss your chance to enjoy living in this great lifestyle neighborhood!

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Just Sold: 1404 2180 Kelly Ave., Port Coquitlam, Central Pt Coquitlam


"Montrose Square" Downtown Port Coquitlam's newest and most convenient location. This "Brand New" luxury condo features all the modern conveniences. Gourmet kitchen with black Stainless Steel appliances & Quartz counter tops. Laminate & tile floor. Insuite laundry. Air conditioning! Large year round covered deck with panoramic east/northeast mountain views from Golden Ears to Mt. Baker. Ready for immediate occupancy. Quality building with New Home Warranty. Secure Parking, Storage (on same floor) and Bike room. Pets & rentals ok. New Poco Recreation centre, right across the courtyard. Pool, Ice rink, Library & Yoga. Only one block away from Westcoast express to Downtown Vancouver. Easy access to Skytrain. Walk to everything you need.


Listing Offered by: Royal LePage West Real Estate Services

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SFU Remains Canada’s Top University For Innovation


The WURI rankings measure how universities contribute to society and highlight creative and innovative approaches to university research and education.


“I am so proud of the creativity and ambition that our students, faculty and staff demonstrate each day, and excited that their groundbreaking innovations and entrepreneurial spirit have been recognized by WURI,” says SFU President Joy Johnson. “SFU is doing incredible work in the innovation space, from training students for jobs of the future to partnering with industry and communities to mobilize knowledge that makes a positive impact—it’s an exciting time to be here and watch it all happen.”


It’s the second consecutive year that SFU has ranked as the top university in Canada, and is the only Canadian university to break into the top 50. The university also rose to top spot for industrial applications. Overall, SFU moved up globally among innovative universities, to 18th in the world (from 24th).


“While supporting our researchers desire to make a social impact, we are also playing a pivotal role in helping industry bolster its science innovation pipeline through SFU Innovates, “says Elicia Maine, SFU’s inaugural associate vice-president, knowledge mobilization and innovation.


Since 2016, SFU has been advancing its innovation ecosystem through SFU Innovates, the university’s innovation strategy.


One success story is SFU spinoff company Ionomr Innovations—a clean-tech and advanced materials company that had its first intellectual property (IP) protected through SFU—which recently closed a Series A funding round of more than $15 million. Before this success, Ionomr was supported by nearly every component of the SFU Innovates ecosystem, including: 4D LABS; SFU Beedie School of Business’s Invention to Innovation (i2I) programThe Charles Chang Institute for Entrepreneurship; Coast Capital Venture Connection at SFU; SFU VentureLabs; and SFU’s Technology Licensing Office (TLO).


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Provided by: SFU News

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Mortgage Rate Forecast

Highlights

  • Bond markets expect very aggressive Bank of Canada
  • Is Canada in a recession?
  • Bank of Canada tightening aggressively now, only to cut rates in 2024?


In BCREA’s last Mortgage Rate Forecast, we anticipated Canadian 5-year fixed mortgage rates would reach 4 per cent later this year. Instead, rates have already sling-shotted to 4.69 per cent as elevated inflation continues to drive interest rate expectations.

Canadian bond markets – and Canadian mortgage rates in turn – have already priced in significant Bank of Canada tightening. The 2-year Canadian bond yield, a good indicator of where markets expect the overnight rate to be two years from now, is already well over 3 per cent. That is an indication that markets believe the Bank will have to be very aggressive in its current tightening cycle, raising the policy rate above the top end of the Bank’s estimate of its neutral rate.

A steep trajectory for the overnight rate implies that the 5-year fixed mortgage rate could reach the 5 per cent level for the first time since 2009 while variable mortgage rates may rise to as high as 4.5 per cent. With the stress test for both insured and uninsured borrowers, prospective homebuyers are currently being qualified at a rate of 6.49 per cent with a strong possibility of qualifying at 7 per cent soon, a rate that has not been a reality in the Canadian mortgage market since the early 2000s.

Given how aggressive markets expect the Bank of Canada to be, any good news on inflation, or any significant deterioration in the Canadian economy, could see a significant reversal in the most recent jump in Canadian bond yields. However, the baseline case for now is a Bank of Canada that is single-minded in its pursuit of lower inflation.


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Provided by: BCREA


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May 2022 Top Ten


Humbled and grateful for your trust and confidence in my ability to assist you. 

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Rising Mortgage Rates Continue to Slow Market Activity

The British Columbia Real Estate Association (BCREA) reports that a total of 8,214 residential unit sales were recorded by the Multiple Listing Service® (MLS® ) in May 2022, a decrease of 35.1 per cent from May 2021. The average MLS® residential price in BC was $1 million, a 9.3 per cent increase from $915,392 recorded in May 2021. Total sales dollar volume was $8.2 billion, a 29.1 per cent decline from the same time last year.

“Canadian mortgage rates continue to climb,” said BCREA Chief Economist Brendon Ogmundson. “The average 5- year fixed mortgage rate reached 4.49 per cent in June. That is the highest mortgage rates have been since 2009.”

Provincial active listings were 4.4 per cent higher than this time last year, the first yearover-year increase in active listings since 2019. However, active listings still remain below what is typical for a balanced market, though current market conditions have a high degree of variation across regions and product types.

Year-to-date, BC residential sales dollar volume was down 14.5 per cent to $46.7 billion, compared with the same period in 2021. Residential unit sales were down 26.3 per cent to 43,921 units, while the average MLS® residential price was up 16 per cent to $1.06 million.


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Just Sold: 510 9877  University Cr., Burnaby, Burnaby North, SFU


Welcome to Veritas by Polygon! Unique opportunity to own this top floor, stylish one bedroom two-level loft apartment. Located on a quiet street steps away from transit, grocery stores, dining and banks. 17'9 tall ceilings with ample natural light throughout the day. Veritas enjoys immediate access to Simon Fraser University - Canada's top comprehensive university and a setting rich in culture and lifestyle opportunities. Enjoy access to SFU amenities as a UniverCity resident within one of the most sought after communities in Greater Vancouver. Or simply keep it as investment income with high rental demand! Your choice is endless, call now for your showing!


Listing offered by: RE/MAX Crest Realty

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Just Sold: 406 6438 195A St., Cloverdale, Clayton


AMAZING INVESTMENT OPPERTUNITY!!! Welcome to Yale Bloc. Pent house (Top Floor unit) 11 Ft. ceiling with views of Mt.Baker and surrounding mountains! Incredibly kept unit in "YALE BLOC 2". This modern East facing junior one open bed studio condo is perfect for first time buyers and investors. Open concept luxury and extra high windows for more natural light. SS appliances, Quartz Counters, Laminate Flooring. This unit Comes with 1 Parking Stall and 1 Storage Locker. Perfect Location 10/10 Close to Superstore, Transit, Willowbrook Mall, New T&T supermarket, Costco, Restaurants, Highways and Much more. This is a MUST SEE! Great Space. Call now before its gone!


Listing Offered by: Sutton Premier Realty

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Just Listed: 507 9339 University Cr., Burnaby, Burnaby North, SFU

Top Floor Unit

12’ Ceilings, 2 Parking & Locker

Priced at $574,800


Click here for more..


Enjoy bright, south east exposure from this penthouse home located in Harmony At The Highlands in UniverCity; Vancouver's premier lifestyle neighborhood! Features: soaring 12’ ceilings, laminate floors, open plan, stainless appliances & breakfast bar, plenty of storage space & cozy gas F/P. Excellent sized master w/nook space, ensuite with soaker & walk-in closet, well sized 2nd bed & 3pc main bath complete this home. Harmony is a rental and pet friendly complex with gym facilities. Bonus: 2 PARKING spots & locker Close to: transit, shopping, indoor/outdoor recreation & a host of perks available only to UniverCity residences. Do not miss your chance to enjoy living in this great lifestyle neighborhood!

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Reciprocity Logo 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.