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lisaborsato.com

May 2019 Issue
604-908-7062
Lisa Borsato
May newsletter

Hello Friend

The Spring Market is here!  Activity has been picking up over the last two weeks.  If you have any have family or friends that need real estate advice please think of me and I would be happy to help.  It continues to be a Buyers Market as there is an increase in listings and a decrease in sales.  Please take some time to read the stats report below.

Hope you all had a good Mother’s Day weekend with your families. 

Lisa Borsato
REALTOR®
RE/MAX All Points Realty Grp.
604-908-7062
lisaborsato.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!

Tri-Cities Market Watch - Detached

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Stats are calculated comparing April 2019 to April 2018 .

To see more information on local stats in Tri-Cities, please click here.

Local Events

Cutie Circle Ukulele Workshop Series for Absolute Beginners
Port Coquitlam, BC
June 1, 2019
Greater Vancouver Food Truck Festival
Coquitlam, BC
June 2, 2019
12th Annual Children’s Art Festival
Port Moody, BC
June 3, 2019

Latest Featured Listings

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R2355408

luxurious duplex townhouse Heritage Mountain / R2355408

$1,098,800
3 Bedrooms 4 Bathrooms 2,838 Sq Ft
R2330508

WELCOME TO RIVERLANE HEIGHTS Riverwood / R2330508

$798,000
3 Bedrooms 3 Bathrooms 1,888 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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