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thekeyagents.com

May 2019 Issue
604-771-5397
The Key Agents
May newsletter

Hello Friend

Welcome to our newsletter. Here you will find the latest real estate news and stats for your area. If you would like more information about market conditions in your community, or have any other real estate related questions, please contact us. We would be happy to meet with you to see how we can help you out.

The Key Agents
Sutton Group West Coast Realty
604-771-5397
thekeyagents.com

Reduced demand and increased supply remain the trend across Metro Vancouver’s housing market

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Decreased demand continues to allow the supply of homes for sale to accumulate across the Metro Vancouver* housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,829 in April 2019, a 29.1 per cent decrease from the 2,579 sales recorded in April 2018, and a 5.9 per cent increase from the 1,727 homes sold in March 2019.

Last month’s sales were 43.1 per cent below the 10-year April sales average.

“Government policy continues to hinder home sale activity. The federal government’s mortgage stress test has reduced buyers’ purchasing power by about 20 per cent, which is causing people at the entry-level side of the market to struggle to secure financing,” Ashley Smith, REBGV president said. “Suppressing housing activity through government policy not only reduces home sales, it harms the job market, economic growth and creates pent-up demand.”

Click here for the full report.

Decluttering 101: Three Items to Toss

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Let’s face it, decluttering a household can be an intimidating job. All those little piles of clothing, doohickies, and junk that has been neglected due to your busy schedule can leave you wondering where to start! If you are finding yourself overwhelmed by your cluttered home, tossing these three items is the perfect way to ease yourself into the decluttering process.

Remove the Receipts

When you have purchased a piece of clothing or electronic device that starts to fall apart after a week, there are few better feelings than knowing you’ve kept the receipt. However, what happens to all those receipts that never end up being used? Well, they sit on your coffee table, or in your junk drawer, or on your kitchen counter—forever. Chances are, most of the receipts that are around your home are probably long expired and hold no further use. Give these receipts a toss for an easy decluttering win.

Clothes You Will Never Wear Again

Everyone has at least a few clothing items buried deep in their closet that haven’t been worn in years. Take a moment to go through your wardrobe and give those old items a toss. Whether
they no longer fit, are out of style, or are dotted with holes—they aren’t doing you any good taking up precious closet space!

Old Newspapers and Magazines

You swear you were going to get around to reading the latest issue of your favorite magazine, and yet, as weeks turn to months, that magazine sits on your counter joined by other magazines still on your to-read list. If a magazine or newspaper has been sitting for a few months, it is probably worth parting ways. You can always catch up on the next issue!

Burnaby Market Watch - Detached

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Stats are calculated comparing April 2019 to April 2018 .

To see more information on local stats in Burnaby, please click here.

Vancouver East Market Watch - Detached

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Stats are calculated comparing April 2019 to April 2018 .

To see more information on local stats in Vancouver East, please click here.

Local Events

Sound Bites: Blackthorn
Burnaby, BC
May 28, 2019
Contemporary Dance Solo
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May 24, 2019 - June 2, 2019
Fake Ghost Tours
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May 30, 2019 - June 2, 2019

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This is not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage.


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