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sharonlum.com

May 2019 Issue
604-813-0033
Sharon Lum, Personal Real Estate Corporation
May newsletter

Hello Friend

Welcome to my 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 me. I would be happy to meet with you to see how I can help you out.

Sharon Lum, PREC*
B. Com, Associate Broker
604.813.0033
sharon@sharonlum.com
www.sharonlum.com

Snap Stats April 2019

RIDING BC WAVES

Growing up in the Clayoquot Sound rain forests of beautiful British Columbia, Noah Cohen began his quest to represent Canada for surfing gold in the 2020 Olympics. Noah’s drive and passion to be the world’s best consumes him. Freezing winter and rains does not hinder his dedication to train hours and hours to perfect his skill.

Watch now

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.

Greater Vancouver Market Watch - Detached

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Stats are calculated comparing April 2019 to April 2018 .

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

Local Events

Vancouver’s All British Field Meet Car Show in 2019
Vancouver, BC
May 18, 2019
Vancouver Comic Arts Festival 2019
Vancouver, BC
May 18, 2019 - May 19, 2019
BC Spot Prawn Festival 2019
Vancouver, BC
May 19, 2019
Richmond Night Market
Richmond, BC
May 17, 2019 - May 19, 2019
New Westminster Heritage Homes Tour 2019
New Westminster, BC
May 26, 2019

Latest Featured Listings

R2356226

Alluring 11,200 sf building lot set on a gentle bluff Edgemont / R2356226

$1,599,000
3 Bedrooms 2 Bathrooms 2,460 Sq Ft

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


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