1. Vancouver Real Estate Market Trend in 2018
Your lifelong 부동산 전문가
Jessie Heo (허보영)
Residential & Commercial
Certified negotiation expert
(ENGLISH/한국어/日本語）

2. Residential Average Sale Prices(Jan.1977- Nov. 2017)

3. 2007 to 2017 HPI Price Changes

4. The Law of Supply & Demand
Low supply -> Price upwards

5. Absorption Rate in Months
Ex) In Nov. 2017, 699 listings and 380 sold.
Absorption rate : 699/380 = 1.8 months supply
-> Seller’s Market

6. Sales-to-Active Listings Ratio
Seller’s Market : 20% or up
Balanced Market : Between %
Buyer’s Market : 11% or lower
Example: 10% means 1 in 10 homes selling rate (indicative of a Buyers market.)

7. House Prices Determinants – Why Vancouver?

8. Immigration -Main Factor for Household Growth

9. Mortgage Rates to Remain Low

10. Job Creation has been Strong and Mostly Full-time

11. Lower Active Listing due to a Surge in Sales

12. Vacancy Rate in 2017 Fall

13. Price Trends & Policy Changes in the Past 2.5 Years

14. Vancouver’s Two Speed Market (Current)

15. Two Speed Market Extends to Fraser Valley (Current)

16. Price Acceleration Rates

17. Report – Vancouver West (Nov. 2017)-1

18. Report – Vancouver East (Nov. 2017)-1

19. Report - Vancouver West (Nov. 2017)-2

20. VANCOUVER

21. Mortgage

22. Vacancy Rate

23. JESSIE HEO

24. New Households Drive Housing Demand

25. New Multiple-Family Supply to Market by Developers

26. Record Number of Units under Construction in 2017

27. How to Calculate your Mortgage Amount

28. Mortgage Now vs. Mortgage in 2018 -> New Mortgage Stress Test
Almost 20% difference of your buying power!!

29. BMO Bank – Mortgage Pre-approval
-> Obtain mortgage Pre-approval by Dec. 31, 2017 (6 months Holding O.K)

30. Various Types of Mortgage (상황별 프로그램)

31. Mortgage Rate Forecast made in Sep. 2017
5-Year Qualifying Rate on Dec. 11, > 4.99%
Average 5-Year Mortgage Rate Now
-> 3.19% – 3.39%
(Depending on the bank)

32. Housing Market Outlook

33. NDP Government /City of Vancouver Policy Changes
1. Provincial Government’s housing plan
(Goal :114,000 new rental homes in 10 years) - Empty Home Tax : 2% - New Tenancy Agreement :
- Favor to renters : ex) $400 renter’s rebate
2. City of Vancouver Government
(Goal :72,000 New homes in 10 years)
-> Vacancy Tax – only in City of Vancouver (exclude : UBC) > 1 % of assessed value
-> Empty-Home Tax Declaration Form by Feb. 2, 2018
-> Buyers beware! > Air B&B : Short term rental only allowed in principal residents (April 2018)

34. Vancouver Housing Market Outlook Summary
Where are we heading?

35. B.C.’s Top 10 Cities for Real Estate Investment

36. Property Transfer Tax (PPT/취득세 면제)
New Properties (Presale 분양건) -> Up to $750,000

37. Home Buying & Selling Process

38. Thank you so much for coming.
Happy Holiday & Happy New Year!
Wish you all the best in 2018!!