溫哥華房地產經紀陳爆内幕 | Vancouver Real Estate Market Insight
溫哥華房地產經紀陳爆内幕：Analysis of the slow real estate market in Vancouver, a local realtor show you how to buy your dream home
When an international student saw a rental listing in Vancouver mansion on facebook for only $1,100, he thought it is a “hoax”.
The nine-bedroom home, dubbed “The Castle” by the 14 students who share the property, is apparently owned by an Afghani pop artist. The student said:” I will never imagine I can live here, and I wish I can live here as long as I could.”
In nowadays, a lot of Chinese investors rather rent their home out to avoid paying the empty home tax. So students might find the whole bunch of luxury home to live.
It’s a far cry from the frenzy of a few years ago when Vancouver was at the centre of a global property boom. Prices more than doubled in the decade through 2016, outpacing gains in New York and London. But government policies to tame the market — from new taxes to stricter mortgage regulations — have fuelled a plunge in sales to the weakest since the global financial crisis. Prices are down 8.5 percent from their peak in June, according to the Real Estate Board of Greater Vancouver.
Happy Renters in Vancouver
With 3% empty home taxes on homeowners annually, they are rushing to lease their home out right now. And this is why the vacancy rate is near zero percent in Vancouver.
Some Vancouver realtors state that a 4million house is only leasing for CAD$4,500/monthly.
Another Vancouver realtor has mentioned that he received calls from people offering to help with gardening or maintenance in exchange for free rent in a luxury home. Of course, the agent and the owner will not respond to this kind of request.
Vancouver Home Seller
Another Vancouver local realtor, Sun hired by a Chinese-Canadian Seller to sell his luxury house. The family’s had it with the new taxes and what it sees as increasing hostility to Asian capital.
Sun isn’t sure she’ll get a credible offer for the 8,343 square-foot mansion. These days a pool, wine cellar, and home theatre on a prime lot aren’t enough to clinch a deal, even in West Vancouver, where opulent homes carved out of steep slopes overlook the ocean.
“I’ve been through only the peak, never the low,” said Sun as she schedules a makeover of the property. Pink tags indicate to the four cleaners what needs to be dumped. The Lamborghini and Rolls-Royce in the garage, relatively unused for three years, also need to be dealt with.
The house is listed at $10.9 million, but after receiving mostly low-ball offers closer to its tax-assessed value of $6.2 million, she’s planning on dropping the asking price closer to $8.3 million.
That’s a hefty cut but holding on to the home would mean paying potentially more than $140,000 in extra taxes annually for the Canadian owner who splits her time between Vancouver and Beijing. Canadian taxes are not the only measures weighing on the market. China’s capital controls are also limiting spending on global real estate.
Vancouver’s market is not going to come back to its highs, especially at the top end??? Probably Yes – 90% la.
Home Price Negotiation
In 2016; around the peak of the market, it is almost impossible for Brandon (financial planner) to afford a house. He was looking for a 1*bed condo during that time. Fortunately, he took his step back and wait, he is looking for a detached home now around $1.1 million.
Low ball offering is his tactic, nothing is working out yet, but he has tried $200k less than the listing price for an offer – rejected by the seller.
In most of the buyers’ eye, they still see the market is trending down. So they prefer to wait and see.
One flyer offers a 368-square-foot luxury condo unit at $515,000. “Transfer at the original price,” If it listed last year, it would’ve fetched as much as $800,000.
Money making on flipping – put 20% as deposit, flip the contract before completion, gain money on your pocket – this was the what we have seen in 2014-2017.
But the broader downturn is beginning to catch some out across various developments.
Those who bought at the peak need to find a buyer fast or come up with the full amount to pay the developer. With banks in some cases assessing units lower than the contract price, buyers hoping for a loan may face a shortfall. But there is no assurance in any deals now, some sellers are lucky just to break even.
這與幾年前的溫哥華處於全球房地產狂熱相去甚遠了。在截至2016年的十年中，價格翻了一倍多，超過了紐約和倫敦的漲幅。但是，政府控制市場的政策 – 從新稅收到更嚴格的抵押貸款法規 – 出現了自全球金融危機以來最弱的銷售額。根據大溫哥華房地產委員會的數據，價格較6月份的峰值下降了8.5％。
房子的價格為1090萬，但收到的大部分低價報價， 某些是接近620萬美元，她計劃將要價降低到830萬 – 接近政府估價。這是一個巨大的降價，但如果房東保留房子這將意味著每年要支付超過14萬的額外稅收，這位房東在溫哥華和北京之間兩邊跑。
加拿大稅收並不是控制房地產市場唯一措施。中國的資本管制也限制了全球房地產的開支。溫哥華的市場將很難回到原來的高位，特別是在高端？很有可能是的 – 90％。
低價offer是他的策略，雖然現在還沒有什麽成果，但他已經嘗試了比挂牌價低20萬offer – 被房屋賣方拒絕了。
炒樓花賺錢 – 賺錢， 的卻如此， 給20％作為定金，在交房前把合同轉讓出去，賺錢 – 這就是我們在2014 – 2017年看到的情況。
但是，更廣泛的經濟衰退開始在各種行業中出現了。那些在高峰期買入的人需要快速找到買家， 要不然， 就意味著要拿出各種款項去支付開發商的費用。更頭疼的是銀行在某些情況下評估樓花單位價格會低於合同價格，好多貸款的買家都可能面臨資金短缺。