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Reign by Wesgroup MLS® Listings
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Building Info
Reign at 6280 Willingdon Ave, Burnaby, BC V5H 2V3, Canada. Located at the corner of Beresford Avenue and Willingdon Avenue in the neighbourhood of Metrotown-Burnaby South. Wesgroup Properties has applied to develop two high-rise towers in this location. A 35-storey south tower would be constructed during the project's first phase, followed by a 38-storey north tower. Within walking distance of the SkyTrain Metrotown Station. The project would add a total of 733 units to the Burnaby housing mix - 617 condominiums, along with 166 non-market rentals located within the south tower eight-storey podium. Ranging from studios to 3-bedroom suites. Amenities include an outdoor lounge, hot tub, half basketball court, co-working space, guest suites, and more. Architect designed by Chris Dikeakos.
Convenient location, just a 5-minute walk away, Central Park has an outdoor swimming pool, golf, tennis courts, a running track, lawn bowling, sports fields, walking paths, and cycling trails.
Official Website: wesgroup.ca/reign Phone: 604-227-5097 Email: homes@ReignByWesgroup.ca Sales Address: 4366 Beresford Street Burnaby, BC V5H 2W2
Strata Sub Categories: Strata Condos
The RE/MAX® brand delivers notable advantages – for agents with a RE/MAX brokerage
As the 2024 RE/MAX vs. The Industry report shows, RE/MAX agents are the most productive, meaning they close more transaction sides than other real estate agents, on average. In fact, RE/MAX agents closed an average of 11.8 transaction sides throughout 2023, nearly double that of the competition
But productivity isn’t the only place RE/MAX shines. The annual report, which ranks the results of national, full-service brokerage brands in the U.S., also highlights that the balloon-backed brand dominated in unaided brand awareness at 36.4%.
Canadian mortgage payments went from virtually nothing to very high
Canadian mortgage payments went from virtually nothing to the highest level in well over a decade, inflicting pain on mortgage borrowers. However, the value of homes also surged. In fact, from the rate cuts that sent home prices surging in March 2020 to the end of 2023, the growth rate of home prices outpaced the increase in the average mortgage payment on file at Equifax. This was true in most of Canada’s largest cities, especially in Eastern Canada where the average household’s payment significantly lagged home price growth.
Canadian Home Values Climbed Faster Than Mortgage Payments
B.C. housing market showing signs of marginal improvement
B.C.’s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in the last few months as buyer sentiment shifted amid interest rate uncertainty.
MLS home sales increased in most of the province’s real estate board areas. The Greater Vancouver area saw home sales increase by 1.4 per cent following a decline in the previous month. In Chilliwack, home sales increased only slightly—by just 0.5 per cent—while the Kootenays reported a 17.2-per-cent increase. Home sales also rose 9.4 per cent on Vancouver Island, and were unchanged in the Fraser Valley. However, the Okanagan-Mainline and South Okanagan areas recorded sales declines of 8.9 per cent and 19 per cent, respectively.
Lethbridge industrial market strengthens as options limited
Western Canada’s industrial markets are at an inflection point as demand normalizes and the pause that hit new construction last year begins to make itself felt.
Conservative market sentiment is now creating the conditions for stronger performance in 2024, Avison Young reports, with cities like Lethbridge poised to see a landlord’s market for industrial space.
Lethbridge reported a 4.1 per cent vacancy rate in the first quarter, up from 4 per cent at the end of 2023. But space under construction is down more than half from last year to 50,000 square feet, creating potential supply constraints.
That change will have significant implications for cottage owners. Many have seen the value of their properties skyrocket in recent years, which could cause them to kick the tires and sell before the higher tax rules kick in.
EFFORTLESSLY DISTINCTIVE A sleek silhouette in the Metrotown skyline, Reign’s curved architectural forms and designs create remarkable spaces for large wrap-around balconies that naturally flow into spacious interiors. Combined with features and amenities that give you curated sophistication at every turn, the homes at Reign are your mark of distinction.
LIVING • Select from 3 colour schemes: light, medium, dark • 27” front-loading Whirlpool washer & dryer (24” Samsung washer & dryer in studios) • Laminate wood flooring throughout
KITCHEN • Sleek, contemporary profile quartz countertop & full-height backsplash • Cabinetry with laminate or painted doors & soft close hardware • Drawers with cutlery organizer • Miele premium appliance package in two and three bedroom homes, including: - 30” integrated fridge with bottom freezer - 30” built-in convection oven - 30” gas cooktop with 5 burner 1 single wok - 24” integrated dishwasher • Miele premium appliance package in studio and one bedroom homes, including: - 24” integrated fridge with bottom freezer - 24” built-in convection oven - 24” gas cooktop with 4 burner 1 single wok - 24” integrated dishwasher • Panasonic microwave with trim kit • AEG slide-out hood fan • 29” undermount, single-bowl sink* (24” studios and one bedrooms) • Kohler pull-down single-handle kitchen sink faucet in 3 finishes (brushed moderne brass, brushed nickel, matte black) • Undercabinet & pantry lighting • Pull-out recycling centre which includes an under-sink removable sliding basket organizer • Magic corner pull-out trays, or a Lazy Susan* for easy kitchen organization
SOUTH TOWER AMENITIES • Elegant double-height lobby with parcel storage space • Convenient dog spa on the first floor • Easy access bike storage lockers in the parkade • Kitchen & dining lounge on level 9 with outdoor BBQ & fire pit areas, games room with fireplace, theatre room, children’s playroom, indoor/outdoor co-working space, outdoor mini putt, sun lounge & outdoor children’s playground
NORTH TOWER AMENITIES FLOORS 1- 3 • Grand double-height lobby with a concierge & parcel storage • 2-storey fitness club with half basketball court, pickleball court, cardio & weight zones, TRX boxing and yoga studio • Level 3 features golf stimulator with seating and bar, and two guest suites for hosting friends & family
FLOOR 38 & ROOFTOP • Lounge, seating & billiards area, indoor chef’s kitchen with long table seating, and outdoor dining lounge with a fireplace, BBQs & seating • Spa with steam room, sauna, ceiling rain showers, & outdoor cold plunge & hot tub
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2028
Levels
35
Construction
Concrete
Strata Information
Strata Plan #
Units in Strata: 733
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