Explore Burnaby Mountain.

Breathtaking views, Vibrant community 
high atop the mountain.

Located just 20 minutes east of Vancouver Burnaby Mountain is a picturesque area located in British Columbia, Canada, known for its stunning views and natural beauty. 

One of the notable developments on Burnaby Mountain is the internationally recognized "UniverCity" district, a sustainable and vibrant community situated next to Simon Fraser University.  UniverCity offers a mix of residential properties, including townhouses and condos making it an attractive location for students, faculty, and families alike.

The Univercity District began in the early 2000’s and has a current estimated population around 6200 residents and growing. There are four neighbourhoods in the community; West Highlands, East Highlands, The Slopes, and High Street. Each neighbourhood is within close walking distance to University HIghlands Elementary and the hub of the area, High Street.  

High street is where you’ll find the heart of the community with a broad range of restaurants and dinning options, Starbucks, Tim Hortons, Nesters grocery store, BierCraft, BC liquor store, a health clinic, and many more retail options. You’ll never have to drive anywhere off mountain for whatever you need!

The real estate market in UniverCity is dynamic, diverse, and considered more affordable than surrounding areas with properties ranging from 400 square foot cozy studio apartments to 2000 square foot 3 bedroom & den townhomes. The area has unique amenities, such as many parks, endless hiking trails, and convenient access to education and research facilities, making it a very desirable place to live. 

Whether you're looking for a place to call home or an investment opportunity, UniverCity's real estate market offers a range of options to suit different preferences and budgets. 

With its unique blend of nature, community, and academic resources, UniverCity on Burnaby Mountain presents a compelling opportunity for those seeking a balanced and fulfilling lifestyle.

Have questions?  Ready to get your home search started or sell your home with unmatched local expertise? Click here.

what's happening in the SFU market

The year 2024 can be summed up as an unusual year for the real estate market on Burnaby mountain.  

Home inventory surpassed the recent high's from 2020 and reached levels not seen in over a decade. Despite conditions favouring buyers and there being a rare prolonged "buyer's market" condo and townhouse sales struggled most of the year and fell below the 10 year average.

With borrowing costs firmly on the decline throughout the year and the BOC indicating by fall that rates may not go much lower buyer's began to return in larger numbers to the market.  
 
How will 2025 turn out?  As they say no one has a crystal ball but the major economists and banks are calling for a much stronger year of sales than last year and expect to see prices rising. Donald Trump is a big unknown and people are concerned about his policy warnings and that they may result in an unexpected economic downturn in the Canadian economy. 

Looking at last month's numbers:
 
In December condo prices came down by 1% while townhouse prices were flat compared to October.  Sales decreased by 35% for condos, 75% for townhouses, while inventory plummeted for both.  

Home prices on the mountain compared to a year ago show condos are at approximately the same level while townhouses are up by 4%.

In December condos sold on average at 98.6% of list price and in 52 days. Townhouses sold on average at 95.1% and in 27 days.

With a 23% list to sale ratio in December the SFU housing market was officially a low "Seller's Market".

Here are December's numbers:
62
Listings 


14
Sales 


23%
Sales-Listing Ratio


41
Average Days on Market


Learn more about Burnaby’s Premier Community

Understanding the local real estate market and what it means for you and your investment is something Dean is extremely good at. Nobody knows the Burnaby Mountain real estate market better! Contact Dean today for a free "market snapshot" report that illustrates local market trends for your home in an easy to ready manner each month.

 

Burnaby mountain Homes on the Market

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Your burnaby mountain Real Estate Expert

Dean Wegman

As a long time resident of SFU Burnaby Mountain, vice president of the UniverCity Community Association, and Realtor for the past 17 years I truly know this community and what it means to live, own, and buy and sell condos and townhomes in the SFU UniverCity district.

You might be thinking "I already know a good agent so why do I need the services of a local UniverCity Realtor and expert?"

The truth is nobody can do a better job explaining the benefits of a community to someone who's considering living there better than a local long term local and established Realtor like myself.  

Burnaby mountain is very unique amazing place to live with its leasehold land title system, conservation area, and relationship with SFU.  

Intimate knowledge on current neighbourhood topics like the projected gondola project, the official community plan, new fire station, SFU's Corix water supply system, emergency evacuation plan, the updated COB trail and conservation management plan, ..
and more. 

All of these topics are essential local issues unknown by most realtors but very familiar to myself as a local resident expert.

Being licensed since 2007 I've got the vast experience about each building and ability to guide you through any market type. 

My goal is simple.  I'm here to help you make properly informed decisions that are right for you, represent your best interests, and your bottom line.  It's not about a transaction for me, I want to be your Realtor every time you think of real estate. Wether's it's buying a first home or your fifth home, selling your investment property, downsizing, upsizing .. I've got the know how. 
 
There is no obligation. I know life and circumstances can change quickly so you can start or stop using my services at anytime. 

That's it in a nutshell. If you think I can help you with your real estate needs or questions get in touch below. 

Need some local references? No problem. I’ve got plenty from years of work that I'm ready to share.

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Get In Touch

Dean Wegman

Sutton West Coast Realty

301-1508 W Broadway  Vancouver,  BC  V6J 1W8 

Mobile: 778.668.1478

Phone: 604.714.1700

Fax: 604.738.1888

dean@deanwegman.com