Simon Fraser University Area Condos & Townhomes for Sale

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Simon Fraser University Area, Burnaby: 81 condos and townhomes listed at the end of October 2026 and 6 sold in the month, a sales ratio of 7%, which the reports’ scale reads as a buyers’ market. By listings that is number 4 of 35 Burnaby communities for condos and townhomes.

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Simon Fraser University Area condos and townhomes listed and sold, June to October 2026

Simon Fraser University Area condos and townhomes by month, with share of Burnaby
MonthListedSoldSales ratioShare of Burnaby listingsShare of Burnaby sales
June 202694910%6.9%4.1%
July 202683810%6.5%3.9%
August 20269178%7.1%4.0%
September 20269167%6.8%4.1%
October 20268167%6.2%3.6%

Source: MLS® data from the Greater Vancouver REALTORS® and the Fraser Valley Real Estate Board, compiled by SnapStats®. How these figures are defined and sourced

Listings of condos and townhomes in Simon Fraser University Area fell from 94 in June to 81 in October (−13.8%), and 36 sold across the 5 months. In October the community held 6.2% of Burnaby’s 1,309 condos and townhomes listed.

Condos and townhomes or houses in Simon Fraser University Area?

Simon Fraser University Area also had 6 houses listed and 0 sold in October, against 81 condos and townhomes listed. The Simon Fraser University Area houses page has those figures.

Simon Fraser University SFU home prices: what sold, November 2025 to October 2026

87 condos sold in Simon Fraser University SFU with a median price of $512,000 (the middle half sold between $437,500 and $606,500), taking a median of 39 days to sell at 96.8% of the last list price; 8% sold above list. They had a median $635 per square foot, a median year built of 2012 and a median strata fee of $491 a month. 7 townhomes sold in Simon Fraser University SFU with a median price of $825,000, taking a median of 34 days to sell at 96.9% of the last list price; 0% sold above list. They had a median $582 per square foot, a median year built of 2014 and a median strata fee of $799 a month.

Simon Fraser University SFU: what sold, by home type
Home typeSoldMedian priceMedian days to sellSold vs listMedian per sq ft
Condos87$512,00039 days96.8%$635
Townhomes7$825,00034 days96.9%$582

Source: Paragon, the MLS® system used by Jared’s office, closed sales from November 1, 2025 to October 22, 2026. How these figures are defined and sourced

Simon Fraser University SFU: condos sold by quarter
PeriodSoldMedian price
Nov 2025 to Jan 202628$535,000
Feb to Apr 202631$558,000
May to Jul 202619$512,000
Aug to Oct 20269$450,000

Source: Paragon, the MLS® system used by Jared’s office, closed sales from November 1, 2025 to October 22, 2026. How these figures are defined and sourced

Simon Fraser University Area condos and townhomes: your questions answered

How many condos and townhomes are for sale in Simon Fraser University Area?

81, in the Greater Vancouver REALTORS® month-end figures for October 2026. Listings change every day; Jared can tell you what is available now.

Is Simon Fraser University Area a buyers’ or sellers’ market for condos and townhomes?

Simon Fraser University Area condos and townhomes sold at a sales ratio of 7% in October 2026, a buyers’ market on the reports’ scale (under 12% favours buyers, over 20% favours sellers).

How many condos and townhomes sold in Simon Fraser University Area from June to October 2026?

Between June and October 2026, 36 condos and townhomes sold in Simon Fraser University Area; Burnaby as a whole recorded 916.

Do these numbers separate condos from townhomes?

No. The monthly reports publish condos and townhomes as one line, so every count here includes both. Jared can pull the split for a specific building or street.

Are UniverCity homes freehold or leasehold?

Leasehold prepaid. The land remains under SFU ownership; SFU Community Trust leases serviced parcels to developers through 99-year lease agreements, and buyers hold a leasehold strata interest — a current Origin listing states its lease expires in 2109. Never price or finance a unit here as freehold.

Can I rent out a UniverCity condo long-term?

Strata rental-restriction bylaws have been unenforceable since November 24, 2022, and current listings at The Nest and Altitude state pets and rentals are allowed — but occupancy demand is heavily student-driven and the ground lease and strata documents still govern everything else, so verify building by building.

Which schools serve a UniverCity address?

University Highlands Elementary (SD41) sits inside the community and was designed so most families can walk to it in under 5 minutes; Burnaby Mountain Secondary is the public secondary school on the mountain.

Is the gondola coming?

Not as an approved project: TransLink states the Burnaby Mountain Gondola is not yet approved or funded and still needs a future investment plan plus TransLink Board and Mayors' Council approval. Treat it as upside, not current transit.

Does the remaining lease term affect price between old and new buildings?

Check each building's lease commencement on title instead of assuming.

Are UniverCity townhomes freehold?

No — nothing in UniverCity is freehold. SFU Community Trust leases serviced parcels to developers through 99-year prepaid ground leases; you buy a leasehold interest in a strata unit (a current Origin listing states "Leasehold expires in 2109").

So where are the townhouses on the mountain?

Inside the developments: Crescent Court (14 townhomes beside 185 apartments), Terraces at the Peak (townhouse units at 8980 University Crescent), Slopes Mews buildings (townhouse-form units at 9168/9228 Slopes Mews, 9888 University Crescent), and the Arbour presale's stacked townhomes (9688 University Crescent).

What should I read first on a UniverCity purchase — the Form B or the ground lease?

Both, in that order of risk: the Form B for the strata's finances and bylaws, and the ground lease for commencement date, remaining term, prepaid status and end-of-term provisions. The lease is what a lender and lawyer will scrutinize; some lenders cap mortgage terms against the remaining lease term.

Is a UniverCity condo freehold?

No — the land stays in SFU ownership. The SFU Community Trust prepares zoned, serviced, subdivided sites for private developers on a prepaid, 99-year leasehold basis, and home buyers hold strata title in the building on that leasehold land. A buyer should have a lawyer review the head lease, the remaining lease term and any lease terms that run with the strata before removing subjects.

Which elementary school is on the mountain?

University Highlands Elementary, at 9388 Tower Road, is the on-mountain school. It is a Leadership in Energy and Environmental Design (LEED) Gold school inside UniverCity, designed so surrounding residences are within about a five-minute walk, with limited parking and a two-minute parking zone on University High Street. Catchment for a specific address is still a Burnaby School District check.

How do residents get off the mountain without a car?

Buses from SFU Exchange are the current link. TransLink lists the R5 Hastings Street RapidBus to Burrard Station, Route 143 to Burquitlam Station, Route 144 to Metrotown Station and Route 145 to Production Way–University Station from the exchange. There is no SkyTrain station on the mountain; the rail connection is at the bottom of the bus ride.

What heats these buildings?

District energy, in connected buildings. The Burnaby Mountain District Energy Utility's biomass Renewable Energy Centre, completed in 2020, provides heat and hot water to most of the SFU campus and about half of UniverCity, using locally sourced wood waste with natural gas boilers for peaking and backup. Whether a specific building is connected is a strata-documents check.

What did condos in Simon Fraser University SFU sell for?

The median condo sale in Simon Fraser University SFU was $512,000, across 87 sales from November 1, 2025 to October 22, 2026.

How long do condos take to sell in Simon Fraser University SFU?

Half sold in 39 days or less, at a median 96.8% of the last list price; 8% went over asking (sales from November 1, 2025 to October 22, 2026).

What Buyers & Sellers Say

Excerpts from Google reviews for Jared Gibbons, REALTOR® at Royal LePage Little Oak Realty (Suite 201 - 15272 Croydon Dr, Surrey). Quoted word for word; initials only.

  • 5 out of 5 stars

    “Jared represented us first as a buyer’s agent and helped us find our ideal home and most recently helped us in the sale of our townhome. He was knowledgeable, flexible and easy to communicate with…”

    J.O. Google review

  • 5 out of 5 stars

    “Awesome experience dealing with Jared. Selling my house was so easy actually he made it so smooth we had so many things going on at that time but he took care of the deal and got us a good price for our condo. Hope to work with him in future.”

    J.V. Google review

  • 5 out of 5 stars

    “Working with Jared made selling our condo a much smoother experience than we expected. He was reliable, responsive, and always took the time to answer our questions and explain what was happening throughout the process…”

    M.H. 20 Sep 2026 · Google review

More Burnaby condos and townhomes

Condo buildings in Simon Fraser University

Tenure flag, stated at the top — this area's defining fact: every market home in UniverCity is LEASEHOLD PREPAID strata on a 99-year ground lease from SFU Community Trust — the land remains under SFU ownership and the Trust leases fully serviced, subdivided parcels to developers through 99-year lease agreements, so UniverCity homes are leasehold, not freehold. A current listing states the structure in MLS terms as "Leasehold prepaid-Strata" and another states "Leasehold expires in 2109" for its building.

Crescent Court by Liberty Homes — 8725 University Crescent (also 8761 University Crescent)

Two towers of 14 and 20 storeys over a 3-storey townhouse podium beside Richard Bolton Park: 185 apartments and 14 townhomes, completed 2022 per the developer-source pages and current listings, which record Apartment/Condo type. The 14 townhomes are part of this development and are not counted again below.

Origin — 9150 University High Street

Current listings name the building "Origin," record Apartment/Condo type and cats OK in the pet field, and one listing states "Leasehold expires in 2109." Sources differ on the year built: one current listing records 2012 and another records 2013.

Altitude by Hungerford Properties — 9060 University Crescent (Altitude Tower 1) and 9080 University Crescent

A concrete condo development in the heart of UniverCity; a directory records Altitude Tower 1 at 9060 University Crescent as 112 units, 14 storeys, built 2014, while listings at 9080 University Crescent record year built 2015 and describe "Pets & rentals allowed".

Centre Block by Liberty Homes — 9393 Tower Road

A current listing names the building "Centre Block" by Liberty Homes in the heart of UniverCity and records a Simon Fraser University condo for sale at this address.

The Hub by Liberty Homes — 9009 Cornerstone Mews

A current listing names the building "The HUB" by Liberty Homes, records year built 2009, Apartment/Condo type and Simon Fraser University sub-area.

Terraces at the Peak by Intergulf — 8940 University Crescent

Current listings name the building "Terraces at the Peak" by Intergulf, describe a concrete building in UniverCity and record Simon Fraser University condos for sale at this address.

Streets, schools and transit near Simon Fraser University condos

  • The area is the top of Burnaby Mountain in the City of Burnaby, comprising the Simon Fraser University (SFU) Burnaby campus and the UniverCity residential community beside it; the board sub-area is listed as "Simon Fraser University" and SnapStats prints the full name as "Simon Fraser University SFU." A separate neighbouring sub-area, "Simon Fraser Hills," covers the Forest Grove side and is not this area.
  • Where the condo stock concentrates: in UniverCity's four neighbourhoods — West Highlands, East Highlands, High Street and the Slopes — around University High Street, University Crescent and Tower Road, south and east of campus; the OCP envisions a dense, mixed-use community on about 65 hectares allowing up to 4,536 residential units housing up to 10,000 residents at build-out.
  • Landmarks: the Burnaby Mountain Conservation Area surrounds the campus and community — 578 hectares, 34 multi-use trails over 28 kilometres, summit 366 metres — and shopping is centred on University High Street in the Cornerstone/High Street core.

Good to know about Simon Fraser University condos

  • SFU gave up land to create the park that surrounds you. As part of the original arrangement, SFU transferred more than 320 hectares of university land to the City of Burnaby for the Burnaby Mountain Conservation Area — the community's setting is a negotiated conservation boundary, not an accident.
  • There are no fee-simple lots inside UniverCity at all. Every market home is a strata unit on the 99-year prepaid ground lease, so "lot size" comparisons between buildings come down to unit size, floor and outlook rather than land.
  • Two buildings share the "Cornerstone" name in different tenures. The Hub strata building sits on Cornerstone Mews (counted above), while the Cornerstone building at 8950 University High Street is presented in current sources as furnished student rentals — a search on the name alone mixes strata and rental product.
  • Altitude's two towers carry two different built years in public records. The directory records Tower 1 (9060 University Crescent) as built 2014; listings at 9080 University Crescent record 2015 — a small example of why the strata plan registration, not a listing, settles a building's age.

The province-wide rules are on one page: BC condo buying rules.

Sources for the condo notes on Simon Fraser University

Townhome complexes in Simon Fraser University

Streets, schools and transit near Simon Fraser University townhomes

  • UniverCity is a planned community on about 65 hectares, approved by the City of Burnaby in 1996 (OCP and zoning amendments), allowing up to 4,536 residential units in two neighbourhoods south and east of campus, housing up to 10,000 residents at build-out, built out in four neighbourhoods — West Highlands, East Highlands, High Street and the Slopes. The land remains under SFU ownership: SFU Community Trust leases fully serviced, subdivided parcels to developers through 99-year lease agreements, so UniverCity homes are leasehold, not freehold.
  • There are no conventional fee-simple residential lots inside UniverCity itself.
  • Plan and zoning frame: the Burnaby 2050 Official Community Plan (adopted December 9, 2025, replacing the 1998 OCP Bylaw) is the citywide frame; UniverCity itself is governed by its own OCP framework dating to the 1996 approvals. City zoning is the Burnaby Zoning Bylaw 2026 (No. 14815, adopted June 9, 2026, in effect July 1, 2026) — never the former 1965 Bylaw No. 4742.
  • Schools (SD41; Ministry-listed names only): University Highlands Elementary is the elementary school inside UniverCity (LEED Gold certified; the school notes most families can walk to it in under 5 minutes); Burnaby Mountain Secondary (8800 Eastlake Drive) is the public secondary school on the mountain. The one locator run documented is for 8800 Eastlake Drive: Cameron Elementary (K–7) / Burnaby Mountain Secondary (8–12) (SD41 School Locator, run 2026-11-01) — note the locator returns Cameron Elementary for the secondary school's own address even though University Highlands Elementary sits inside UniverCity; listing copy for Slopes Mews units states University Highlands Elementary / Burnaby Mountain Secondary catchments, which is listing copy, not a locator run.

Local rules that affect townhome buyers in Simon Fraser University

  • Form B diligence (leasehold strata): a UniverCity strata is still a strata corporation under the Strata Property Act, so s. 59 applies — the Form B states the lot's monthly strata fees, amounts owing, approved special levies still payable, the CRF balance and an insurance summary, with the rules, current budget, any Rental Disclosure Statement and the most recent depreciation report attached; provided within 7 days, maximum $35 plus up to 25 cents per page. The Form B does not answer the ground-lease questions above — read both packages.
  • City property taxes (2026): City of Burnaby property taxes for 2026 were due Friday, July 3, 2026; a 5% penalty applies to outstanding current taxes (and to an unclaimed home owner grant) after the July due date, with a further 5% penalty after the September due date.

Good to know about Simon Fraser University townhomes

  • The elementary school beside you may not be your catchment school. The SD41 locator returns Cameron Elementary for 8800 Eastlake Drive — Burnaby Mountain Secondary's own address — even though University Highlands Elementary sits inside UniverCity a short walk away. Listing copy that states catchments (Slopes Mews listings name University Highlands) is copy, not a locator run.
  • The lease expiry is printed in listings, if you look. A current Origin listing states "Leasehold expires in 2109" in its body copy — the ground-lease term is a searchable, comparable fact between buildings, and the oldest (early-2000s) and newest buildings do not carry the same remaining term.
  • The community was planned whole. UniverCity's OCP allows up to 4,536 units housing up to 10,000 residents on about 65 hectares in neighbourhoods south and east of campus — the "still building out" feel (Arbour in the Slopes is the current phase) is the plan working as approved in 1996, not sprawl.
  • The 7% sales ratio is the negotiation.

The province-wide rules are on one page: BC townhome buying rules.

Sources for the townhome notes on Simon Fraser University

Simon Fraser University Area Condos and Townhomes: streets and boundaries

  • UniverCity is the condo and townhome community on top of Burnaby Mountain, beside the Simon Fraser University (SFU) campus inside its Ring Road, in the City of Burnaby.
  • The community covers about 65 hectares around the campus, planned as neighbourhoods south and east of SFU, reached by University Drive and Gaglardi Way from below the mountain.

Simon Fraser University Area Condos and Townhomes: the housing stock

  • Every UniverCity home sits on SFU-owned land: buyers own the strata unit, and the land is held under a prepaid 99-year leasehold, not freehold.
  • Named buildings verified in the local index include Altitude, 9060 and 9080 University Crescent; Origin, 9150 University High Street; The Nest by Mosaic, 9250 University High Street; The Hub by Liberty Homes, 9009 Cornerstone Mews; and Centre Block, 9393 Tower Road — addresses as indexed, to be confirmed on title for any specific unit.
  • The Trust states it has developed homes for more than 5,000 UniverCity residents with Lower Mainland developers, in low-rise and tower forms around University High Street and University Crescent.

Simon Fraser University Area Condos and Townhomes: rules that affect buyers

  • Tenure is the first rule here: SFU retains ownership of the land, and serviced, subdivided parcels go to developers through 99-year lease agreements, so a purchase is a leasehold strata interest.
  • Development form is set by the Simon Fraser University Official Community Plan, adopted September 9, 1996 and amended April 15, 2002, which forms part of Burnaby's Official Community Plan (OCP) and is the basis for rezoning land within the Ring Road for leasehold subdivision for market housing.
  • The plan allows up to 4,536 residential units, so remaining density is a plan figure, not a per-building promise; check the specific strata plan and lease for the building.

Simon Fraser University Area Condos and Townhomes: local details a buyer would not know

  • Heat and hot water billing in connected UniverCity buildings runs through the Corix district energy system, not individual gas or electric baseboards — confirm the utility charge in the strata budget.
  • The on-mountain elementary school leases its building from SFU Community Trust: University Highlands was converted from an existing office building and is leased to the Burnaby School District by the Trust.
  • Burnaby Mountain Conservation Area surrounds the community: the City lists 34 multi-use trails over about 28 kilometres across 578 hectares, with the summit at 366 metres.

Simon Fraser University Area Condos and Townhomes: development and new projects

  • Burnaby Mountain Gondola, Production Way–University Station to SFU Burnaby campus, TransLink, transit project: the preferred Route 1 is the straight route with the terminal near the bus exchange; TransLink states the project is not yet approved or funded and must be in a future investment plan with TransLink Board and Mayors' Council approval — status: business case stage (as of November 3, 2026).
  • UniverCity remaining parcels, UniverCity, SFU Community Trust with parcel developers, condos, townhomes and rentals: the Trust's own 2022 update lists Oslo (Parcel 33), Crescent Court (Parcel 20), Hamilton (Parcel 19, 12 storeys), Arbour (Parcels 34 and 35, Intergulf), Parcels 36 and 37 (Rize Alliance purpose-built rentals) and Parcel 24 (Mosaic Homes) at occupancy or construction stages at that date, as that update is dated June 3, 2022.

Simon Fraser University Area Condos and Townhomes: costs and taxes

  • The UniverCity-specific cost is district energy: connected buildings buy heat and hot water from the Corix Burnaby Mountain District Energy Utility rather than a municipal utility.

Simon Fraser University Area Condos and Townhomes: getting around

  • SFU Exchange is the on-mountain transit hub named on TransLink's R5 timetable, and Production Way–University Station on the Millennium Line is the rail station the mountain buses feed.
  • Route 145 runs Production Way Station to SFU Exchange, and Route 143 runs SFU Exchange to Burquitlam Station, per TransLink timetables.
  • The R5 Hastings Street RapidBus runs Burrard Station to SFU, at least every 10 minutes at peak and 15 minutes off-peak, per TransLink.

Simon Fraser University Area Condos and Townhomes: risks and due diligence

  • Check the lease first: the due-diligence document for any UniverCity unit is the 99-year ground lease and the strata's leasehold terms, because SFU retains the land — a freehold title search alone does not describe this tenure.
  • Check slope and watercourse conditions against the SFU Official Community Plan, which requires subdivision proposals to include a topographic survey showing watercourses and significant trees and preliminary watercourse protection proposals.

How Simon Fraser University Area Condos and Townhomes compares

Simon Fraser University Area Condos and Townhomes compared
FactUniverCity (this page)Simon Fraser HillsForest Grove / base of mountain
TenurePrepaid 99-year leasehold on SFU land——
Elementary schoolUniversity Highlands Elementary, 9388 Tower Road, on the mountain——
Heat sourceCorix district energy in connected buildings——

Sources for Simon Fraser University Area Condos and Townhomes

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