Welcome to NOVA 2!This bright SE facing unit is filled with natural light and features a highly functional 2 bedrooms + den open-concept layout.The home offers in-suite laundry, laminate flooring, freshly painted walls and ceilings, stainless steel appliances, granite countertops, and a spacious covered balcony—perfect for year-round enjoyment. Situated in one of Burnaby’s most desirable communities, this home provides access to excellent educational resources, just minutes from SFU campus, making it ideal for students, faculty, or savvy investors. The neighbourhood is quiet, safe, and surrounded by nature, yet incredibly convenient—only steps to transit, bus loop, parks, and a variety of dining options in the vibrant University Village.1 parking stall (conveniently located near elevator)
Land ownership
Leasehold (prepaid strata)
Property details
2
Beds
1 full
Baths
804 ft²
Floor area
2006
Year built
1
Storey
1
Parking
$473/mo
Strata fee
$1,695/yr
Gross tax
Location & structure
Apartment/Condo
Type
None
Basement
Yes
Garage
No
Carport
Burnaby North
Area
Simon Fraser Univer.
Sub-area
Basement
None
Structure
Multi Family
Property highlights
Balcony
Gym
In-suite laundry
Near SFU
Building amenities
Caretaker
Features & inclusions
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating
Baseboard, Electric
Parking
Underground
Interior features
Elevator
Laundry
In Unit
Additional details
Common interest
Condominium
Main floor (ground)
804 ft²
Tax year
2025
Listed by Sutton Group - 1st West Realty. Data from BCRES. Last updated Jun 22, 2026, 2:10 PM.
This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $97,600 down (20%) on $488,000, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 495 listings
Condo / Apartment
341
68.9%
Townhouse
72
14.5%
Detached
63
12.7%
Duplex
7
1.4%
Land
6
1.2%
Other
6
1.2%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
$488,000 is 29.8% below the Burnaby North Apartment HPI benchmark of $695,500 (2026-04-01).
On a 7 to 10 year hold, price discovery vs the area benchmark drives outcomes. Today's price sits 29.8% below the GVR HPI for this segment.
Weak value signals·54/100
Weak value signals, score 54 of 100Based on 7 of 9 signals · score likely 28 to 80
Area benchmark trend
Burnaby North apartment benchmark price (GVR MLS® HPI), last 12 months
Round-number price anchor
Price comparisons use asking prices from nearby active and recently removed listings. Sold prices are not available through public listing feeds.
Scores weight nine signals across price, market, carrying cost, and location data. Sources: BCRES listing feed, GVR MLS® HPI, TransLink, BC Geographic Warehouse, Vancouver Open Data, Statistics Canada (2021 Census). One input among many, not advice.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Burnaby · 2,250 dwellings
High-rise apartment1,455 · 64.7%
Low-rise apartment380 · 16.9%
Row house320 · 14.2%
Single-detached85 · 3.8%
Apartment in duplex10 · 0.4%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59153695· Burnaby· Transit 42/100 (2905m to rapid)· 8.30 km²
Median rent here
$1,728
Owner shelter cost
$1,740
Renters
49.3%
30%+ on shelter
51.7%
Population (2021)
5,043
Median age
29.2
Avg household size
2.0
Avg household income
$84,100
Renters
49.3%
Owners
50.7%
Immigrants
41.7%
Post-secondary
69.8%
Avg home value
$680,000
Single status
43.4%
Not in labour force
32.0%
Households with kids
27.3%
Median rent
$1,728
Owner shelter cost
$1,740
30%+ on shelter
51.7%
Breakdown
Under $5,000
310
13.7%
$5,000 to $9,999
80
3.5%
$10,000 to $14,999
55
2.4%
$15,000 to $19,999
95
4.2%
$20,000 to $24,999
80
3.5%
$25,000 to $29,999
80
3.5%
$30,000 to $34,999
65
2.9%
$35,000 to $39,999
60
2.7%
$40,000 to $44,999
55
2.4%
$45,000 to $49,999
60
2.7%
$50,000 to $59,999
130
5.8%
$60,000 to $69,999
130
5.8%
$70,000 to $79,999
115
5.1%
$80,000 to $89,999
100
4.4%
$90,000 to $99,999
100
4.4%
$100,000 to $124,999
205
9.1%
$125,000 to $149,999
155
6.9%
$150,000 to $199,999
200
8.9%
$200,000 and over
180
8.0%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59153695).
Market story
Rent in Burnaby
Census 2021 avg $1,728/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
