Reign – South Tower.

Overview

Reign – South Tower is a 260-home concrete development at 6325 Cassie Avenue, Burnaby, BC, in Metrotown. Homes run 393 to 912 sq. ft. Blended pricing is around $1,311 per sq. ft. Estimated completion is 2028.

Plans start at 393 sq. ft., so the release spans studios through to 912 sq. ft. family plans, worth knowing that the per-foot average below blends two quite different products.

Location

Metrotown is the densest node in Burnaby and one of the busiest in the region. Metrotown Station on the Expo Line, Metropolis at Metrotown, Crystal Mall, the Bonsor recreation complex and Central Park are all within walking distance of each other. You are buying maximum convenience and accepting maximum density, including a lot of concurrent construction.

The homes

• 260 homes, concrete construction
• 393 – 912 sq. ft.
• Blended pricing around $1,311 per sq. ft.
• At that blended rate, roughly $515,000 for the smallest plan and $1,196,000 for the largest
• 15% deposit
• Estimated completion 2028
• Status: Now Selling

How the pricing compares

Measured against 48 other Burnaby concrete projects in my database, the median blended price is $1,248 per sq. ft. Reign – South Tower at $1,311 is within a few percent of it, effectively at market. That makes this a decision about the specific home rather than about the price level: orientation, floor, plan efficiency and outlook are what will differentiate your outcome here.

Direct comparables

Priced under it: Perla at $1,245, O2 O2 at $1,285, Nuvo at $1,290 per sq. ft. Priced over it: Ethos at $1,320 per sq. ft. Worth pricing those against this before you decide.

Narrowed to Metrotown specifically (7 comparable projects), the local median is $1,245, putting Reign – South Tower roughly 5% above its immediate neighbours.

What I would check before you sign

1. The length of the commitment. A completion this far out means you are agreeing today to a mortgage you will not qualify for until roughly the end of the decade, under lending rules that do not exist yet. You qualify at completion, not at signing.
2. Deposit timing against the rest of your cash position.
3. The assignment clause. Some developers restrict it outright; know before you sign.
4. Which homes are still available, and ask directly why those ones are.
5. Strata fees against the projected budget, not the launch estimate.

Before you commit at Reign – South Tower, get someone to read the disclosure statement with you. I do this for clients as a matter of course, along with pulling floor plans and real availability.

Find it on the map.

6325 Cassie Avenue, Burnaby, BC