Minh Ta's blog

There's been recent changes in mortgage rates and rules that are aimed at helping first-time home buyers. Below is a synposis of the changes in interest rates, including the announcement of the 30-year amortization for first-time homebuyers. These reforms are aimed at making homeownership more accessible, particularly in high-demand markets like Metro Vancouver, where property prices often exceed the previous thresholds. They also encourage the construction of new homes by increasing the exemption threshold for newly built properties to $1.1 million​.

As of September 2024, mortgage rates...

The market is changing quickly from lukewarm to hot in just a matter of a few weeks. The buyers sitting on the sideline waiting for interest rates to decrease are coming back. I’m seeing properties selling in less than a week for over the asking price. In fact, I’ve just recently represented my buyers in a bidding war. They are first-timers wanting to buy a 2 bedroom condo in Coquitlam. It was a tough one, competing with eight other offers at the negotiation table. Nerve-wrecking, to say the least. But, with the right preparation and win/win negotiation skills, I was able to have my client...

The breathtaking landscapes, vibrant cities, and diverse communities make British Columbia (BC), Canada, an enticing destination for property buyers. However, before you embark on your real estate journey, it's crucial to understand the costs associated with buying a property in this province. From down payments to closing fees, let's dive into the key factors that influence the overall cost of homeownership in BC.

1. Property Purchase Price: Setting the Foundation

The cornerstone of your real estate venture is the property purchase price. BC's real estate market is known for its...

Hi Friends,

I just enjoy writing up these monthly updates and staying in touch with you in some small way. Even though the market is slower, especially approaching the holidays, I am actively viewing properties with my clients or alone, going with coffee with those I've lost in touch and staying active on social media. If you have any questions about the market, I'm happy to buy you coffee. Let's chat.

Changes in Real Estate Rules

It's about time. New legislation in B.C. aims to expedite housing construction by eliminating lengthy re-zoning negotiations between developers and...

I can't brag enough about White Rock BC and how blessed I feel living here right by the ocean. It's really a paradise, a heavenly adobe that seems to know how to nourish the soul, every single time when I come down to White Rock Beach.

I take my early morning walks starting from Semiahmoo Town Center, where I live, down the sloping hills and straight towards the Pier. The panoramic view of the glistening blue water always catches my breath away, and pulls me closer. Sometimes, I imagine myself swimming across the ocean to the other side of the water touching the shores of Birch Bay,...