Anh Nguyen Personal Real Estate Corporation- Certified Negotiation Expert
3107 Kingsway V5R 5J9 Vancouver, BC, Canada

#PRESALE #belvedere #surrey #BC #realestate #investment #home Stay connected to what matters Minutes walk to King George Skytrain 275 condos ranging from 1 to 3 bedrooms... 1.5% Assignment fee Expected completion 2024 For priority access even before other VIP Realtors, please contact Anh Nguyen PREC* 604.351.9295 ([email protected])

CENTRAL PARK HOUSE by BOSA Located at 5977 Wilson Avenue, Burnaby 41-storey residential highrise... 356 condominiums & 6 townhomes designed by renowned Gensler Architects 13,118 sq ft of amenities walking distance to Patterson Skytrain station near Central Park close to Metrotown shopping & entertainment For more info and priority access, please call Anh 604 351 9295

New Listing - 7 bedrooms/ 4bathrooms/ 2 kitchens (2171 sqft home- lot 33x112) Zoned CD-1- MULTIPLE Dwelling development. Vancouver East - Single Detached home (Collingwood/Joyce station area) * 10mins walk to Joyce skytrain * Minutes to schools/parks/shops... For more info, please call Anh Nguyen PREC* 604.351.9295 ([email protected])

Myth: You don’t need to get pre-approved for a mortgage until after you’ve found the perfect home. Facts: Being pre-approved puts my clients at an advantage. Myth: Great houses can sell themselves.... Facts: While it may seem like houses sell themselves in a busy real estate market, this isn’t the case. All homes, regardless of how great their features are or how hot the market is, need to be marketed effectively. Myth: You can skip a home inspection. Fact: short answer: it depends. To pick my real estate brain, feel free to reach out. Anh Nguyen PREC* 604.351.9295 ([email protected])

DEADLINE for Declaration Vancouver Vacancy Tax: FEB 2 2021 https://vancouver.ca/home-property-development/empty-homes-tax.aspxDEADLINE for Declaration Vancouver Vacancy Tax: FEB 2 2021 https://vancouver.ca/home-property-development/empty-homes-tax.aspx

For Homeowners: BC Assessment is out For Homeowners: BC Assessment is out

Down to the last hour of 2020, here is a toast and ring the bell for a MUCH BETTER 2021. May all be safe, warm, full and happy. Remember the past, cherish the present and aim high for the future as I always say. ... From Anh Nguyen: HAPPY NEW YEAR TO ALL

ATTENTION: ALL Strata Owners: This change will affect you (hopefully for a better outcome): BC Strata insurers to end ‘best terms pricing’ When news of skyrocketing insurance premiums for strata developments emerged at the beginning of the year the province tasked the BC Financial Services Authority (BCFSA) to investigate in search of solutions. The BCFSA is the agency responsible for regulating the private insurance sector in the province.... In June, BCFSA issued an interim report, which found that a practice known as ‘best terms pricing’ had contributed to premiums increasing an average of 50 per cent in Metro Vancouver. A subsequent report found that 94 per cent of sample properties had been negatively affected by best terms pricing. This practice refers to a process where insurance brokers collect quotes from multiple insurers. When each insurer quotes on a strata property, it sets out the amount of risk it’s prepared to accept and a rate charge. The quotes are conditional quotes, based on all the insurers receiving the same terms. Instead of the premium being set by the quote of each insurer, or by an average of all quotes, under best terms pricing the final price is set by the highest rate quoted by any of the insurers on the policy. Changes as of November 1, 2020 As a result of the investigation, , the BC legislature passed Bill 14 2020: Municipal Affairs and Housing Statutes Amendment Act (No. 2), 2020, which received royal assent in August 2020. The bill amends insurance-related provisions of the Strata Property Act (SPA) and the Financial Institutions Act introducing regulatory changes, effective November 1, 2020 that address rising strata insurance costs and best terms pricing. Best terms pricing This practice will end in January 2021, according to Tony Gioventu, executive director of the Condominium Home Owners Association. Renew or not renew Insurers or insurance agents are now required to provide a 30-day advance notice, directly to strata corporations, of their intention to not renew an insurance policy, or of any material changes to the policy. This change ensures that strata corporations will be warned in advance of any cost increases and have time to select other insurance options. Commission disclosure Insurance agents are now required to disclose their commission amount, or a reasonable estimate, to strata corporations. Penalties for non-disclosure include a fine up to $25,000 for an individual, or $50,000 for a corporation. Referral fees Referral fees to strata property managers from strata insurance transactions are prohibited. These changes are intended to give strata corporations the information needed to make informed decisions about their insurance needs. (Source: REBGV.CA)

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