Shows
Selling Vancouver Real Estate PodcastThe Landlord Dilemma: The Harsh Reality for Vancouver InvestorsBeing a landlord in Vancouver has never been more challenging. With rising operating costs, tightening regulations, and softening rental returns, many investors are questioning whether holding residential property still makes financial sense in today's market. What was once considered a safe, long-term wealth strategy now comes with more uncertainty, more risks, and fewer rewards. James and Denny break down the current landlord dilemma from the front lines of Vancouver real estate. They also explore what the future could look like—and whether being a landlord in Vancouver can still be worth it. This episode will fo...
2025-12-0423 min
Selling Vancouver Real Estate PodcastThe $9 Million Dilemma: When Building Envelope Repairs Divide a CommunityIn this episode, we dive into a major strata decision, a proposed $9 million building-envelope upgrade that would cost many homeowners over $200k each. Supporters say it's essential long-term maintenance; others argue it's unnecessary, fear-driven, and financially overwhelming for many residents. Drawing from recent strata minutes, engineering reports, and council discussions, we look at how this decision unfolded, why some owners feel pressured to vote yes, and whether the scope of work matches what's really needed. This episode will focus on how to spot bias or persuasion in strata communication, what engineering reports actually say versus...
2025-11-2021 min
Selling Vancouver Real Estate PodcastMarket Update: Vancouver Buyers Wake Up to a Rate Cut — But Are Prices Following?The Bank of Canada's latest rate cut has buyers hopeful, but the Vancouver market tells a different story. Despite lower borrowing costs, inventory continues to climb, and many homes are still sitting as we move deeper into a true buyer's market. James and Denny share what they're seeing firsthand as realtors in today's shifting market — listings sitting longer, price reductions becoming common, and buyers taking their time. They discuss how this new phase is changing strategies for both buyers and sellers as confidence slowly rebuilds after the BoC's latest rate cut. This episode will focus on...
2025-10-3035 min
Selling Vancouver Real Estate PodcastThe Truth About Depreciation Reports: Are Stratas Ready for Big Repairs?Depreciation reports are one of the most important — and misunderstood — tools in strata real estate. These reports reveal the true condition of a building, outline upcoming repair costs, and can significantly influence a property's value and long-term investment potential. James and Denny break down how depreciation reports influence strata health, budgeting, and property values, helping buyers and owners understand the real story behind the numbers. This episode will focus on depreciation reports and why they're required in B.C., how often depreciation reports should be updated, the connection between depreciation reports and strata fees or spec...
2025-10-1635 min
Selling Vancouver Real Estate PodcastBuyer Hopes, Seller Nerves: Difficult Conversations With Both Sides of the DealThe shifting buyers' market is rewriting Vancouver real estate playbooks, demanding frank conversations that sometimes include tough truths on pricing and timelines. This episode unpacks how to deliver bad news gracefully while setting rock-solid expectations that keep both buyers and sellers confident and on track. James and Denny share real-life conversations with clients and discuss how important it is to set expectations early on. This episode will focus on tough conversations with buyers and sellers, delivering bad news, setting expectations, buyers taking their time, people dealing with FOMO, dealing with low ball offers, bringing clarity t...
2025-06-2628 min
Selling Vancouver Real Estate PodcastMarket Update June: Hold That Rate! Why the BoC Pause Could Upend Vancouver's Slumbering MarketMetro Vancouver is experiencing a deceptively quiet spring with inventory climbing even as the Bank of Canada holds rates steady. We unpack how that rising supply and the new GST changes could reshape strategies for buyers, sellers, and investors alike. James and Denny discuss how they're navigating today's buyer-seller dynamics and the real-world scenarios unfolding in the market. This episode will focus on the Bank of Canada rate hold decision, climbing inventories, low sales volume across all markets, first-time buyers' GST changes, economic woes, tough time to list, great time for buyers, and fall market...
2025-06-1338 min
Selling Vancouver Real Estate PodcastPresale Panic: Inside Vancouver's Imploding Condo MarketVancouver's condo market is reeling as presale buyers face steep losses, with completed units reselling for less than their launch prices. Analysts warn that the wave of cancellations, investor fatigue, and rising carrying costs has turned once-sure-thing presales into a cautionary tale of condo crisis and buyer pain. James and Denny dive into Vancouver's condo crisis, spotlighting painful presale contracts and Brentwood towers now trading below their launch prices. This episode will focus on pre-sale condo pain, Vancouver and Toronto condo collapse, selling less than presale, buyers not qualifying for mortgages, many families not looking t...
2025-05-1535 min
Selling Vancouver Real Estate PodcastMarket Update April: Bank of Canada Rate Hold & the Spring Market SituationThe Bank of Canada has kept its benchmark interest rate steady at 2.75%, putting a pause on a streak of seven straight cuts. In its Wednesday announcement, the Bank acknowledged a significant slowdown in the Canadian economy but opted to hold the rate as it awaits more clarity on U.S. trade policy and the broader effects of tariffs. James and Denny share their on-the-ground insights as Vancouver realtors, highlighting what they're seeing in this spring market. This episode will focus on the Bank of Canada's recent rate hold, more rate cuts this year, fixed rates...
2025-04-171h 01
DejaVuee18e: Ecosystem Performance (with James Garbutt)In this episode of DejaVue, Alex sits down with James Garbutt, open source maintainer and lead of the e18e initiative. James shares his journey from writing web scrapers as a teenager to maintaining critical JavaScript libraries like parse5 or Chokidar and eventually co-creating the ecosystem performance initiative.The conversation is then all around e18e, which aims to improve performance across the JavaScript ecosystem through three pillars:Cleaning up dependency treesSpeeding up popular packagesCreating lighter alternatives to bloated librariesJames explains how the community-driven approach has produced impressive...
2025-04-131h 02
Selling Vancouver Real Estate PodcastThe Truth About Vancouver Real Estate: Is It Still Worth Your Money?Thinking about jumping into real estate? In this episode, we discuss whether investing in Vancouver real estate still makes sense today, explore different property types, and discuss long-term appreciation in a market everyone's watching. James and Denny discuss whether it's still worth investing in the Vancouver real estate market, diving into current trends and popular investment property types. This episode will focus on investing in Vancouver real estate and if it's still worth it, different property types and their popularity, is positive cash flow possible, being in a buyers market, the current state of prebuilts...
2025-04-1043 min
Selling Vancouver Real Estate PodcastMultiple Offers Making a Comeback? Not So Fast!The real estate market has yet to gain the momentum many expected, with buyer demand remaining sluggish despite seasonal trends. However, some properties are still holding at peak pricing and even attracting multiple offers. James and Denny discuss the types of properties receiving multiple offers despite the overall slow real estate market in the Lower Mainland. This episode will focus on the low activity in the real estate market, being prepared for multiple offers, predictions for the spring, lot's of uncertainty, high end properties really struggling, condos not moving fast, developers slowing down construction products...
2025-03-2026 min
Selling Vancouver Real Estate PodcastBank of Canada Cuts Rates Again! How Tariffs & Elections Could Change EverythingThe Bank of Canada has implemented its seventh consecutive rate cut, continuing its aggressive push to stimulate economic growth amid slowing inflation and global uncertainty. This latest reduction signals ongoing concerns about consumer spending, business investment, and the broader impact of tariffs and upcoming elections on the Canadian economy. James and Denny share what they are currently seeing in the Vancouver real estate market, including how the rate cut is impacting home prices, buyer activity, and market sentiment. This episode will focus on the rate cut effects on the Lower Mainland real estate markets, upcoming...
2025-03-1316 min
Selling Vancouver Real Estate PodcastVancouver Flip or Flop: Can You Really Profit in Real Estate?Flipping homes in British Columbia can be a lucrative venture, but with rising costs, market fluctuations, and strict taxation rules, is it still worth it? In this episode, we break down the realities of house flipping in BC, the taxes that can eat into your profits, and whether investors can still make money in today's market. James and Denny share their personal experiences flipping homes and discuss their insights into the current market. This episode will focus on the flipping game in the Lower Mainland, flipping taxes and how they work, expensive materials and labor...
2025-03-0619 min
Selling Vancouver Real Estate PodcastMarket Update February: Vancouver Real Estate Amid Tariffs, Density Shifts & Election UncertaintyWith upcoming federal elections, the threat of Trump's tariffs, and constant density changes, the Vancouver real estate market is shrouded in uncertainty. It's hard to predict what the future holds as these dynamic factors continue to influence market trends. James and Denny offer their insights into the current state of Vancouver's real estate market. They also discuss how shifts in density may influence home prices across the city. This episode will focus on the current state of real estate in Vancouver, density changes and the effects, upcoming federal elections, potential Trump tariffs and what they...
2025-02-1154 min
Selling Vancouver Real Estate PodcastUnderstanding the Bank of Canada's Interest Rate DecisionThe Bank of Canada (BoC) has lowered its key interest rate by a quarter of a percentage point to 3%. This marks the sixth consecutive cut since June, bringing the benchmark rate down by a total of 200 basis points from its peak of 5% in July 2023. James and Denny share what they see in today's real estate market and how these rate cuts affect everyday sales. This episode will focus on the BoC's most recent rate cut, predictions for future cuts, effects on the real estate market, 5-year fixed vs variable rate comparisons, home sales volume increasing...
2025-01-3111 min
Selling Vancouver Real Estate PodcastExploring the Hottest Neighborhoods in the Lower MainlandWhether it's an up-and-coming area or a timelessly desirable community, certain neighbourhoods offer compelling reasons to invest—even during a down market. However, pinpointing these prime spots can often be a challenge. James and Denny share their list of the best neighbourhoods and talk about what makes them so special and why they picked them. This episode will focus on popular neighbourhoods in the Lower Mainland, dream places to upsize, the most popular communities, the best bang for your buck, family-oriented, neighbourhoods covered in these cities; North Van, East Van, Coquitlam, Port Moody, Langley and Po...
2024-11-2138 min
Selling Vancouver Real Estate PodcastVancouver's Hottest Rental Market: Are Prices Finally Cooling Down?Vancouver remains the priciest city in Canada for renters, though rents for vacant apartments are gradually decreasing from last year's peak. According to the latest rent reports, the average monthly rent for an empty one-bedroom apartment in Vancouver is now $2,690, a 4.6% drop from last year. James and Denny discuss what they're observing in the real estate market and how falling rental rates impact their day-to-day work. This episode will focus on what happening in Vancouver rental markets, how rental rates affect investors, cash flow with current mortgages and rental prices, rental rates going down across...
2024-11-0719 min
Selling Vancouver Real Estate PodcastMarket Update October: Bank of Canada Cuts Rates by 0.5%The Bank of Canada has reduced its key interest rate by 50 basis points to 3.75 percent, marking the first cut of this size since the COVID-19 pandemic. This rate cut was prompted by the latest Canadian inflation report, showing the Consumer Price Index (CPI) dropped to a year-over-year rate of 1.6%, below the Bank of Canada's 2% target range. James and Denny discuss their insights on Vancouver's real estate market and the impact of the recent rate cut on home prices. This episode will focus on the recent BoC rate cute and the effects on real estate, the...
2024-10-2928 min
Selling Vancouver Real Estate PodcastReal Estate Realities: Handling Tough NewsManaging difficult conversations with real estate clients effectively is key to maintaining strong relationships. Staying informed about current market conditions and the factors that can cause deals to fall through is crucial for navigating these situations. James and Denny discuss how they handle delivering bad news, emphasizing the critical importance of open communication between realtors and clients. This episode will focus on collapsed deals in real estate, the importance of always understanding the current market conditions, inspection items, people walking out of deals, due diligence during slower times, and less certain buyers, communication is everything.
2024-10-2414 min
Selling Vancouver Real Estate PodcastPolitics and Property: Bill 44 in the BC ElectionAs election day nears, the B.C. NDP and Conservatives remain divided on housing. NDP Leader David Eby warns that John Rustad's Conservatives would undo most of the NDP's housing policies, including Bill 44, a stance the Conservatives openly endorse. James and Denny share their thoughts on Bill 44 and discuss how housing will be affected depending on who wins the election. This episode will focus on Bill 44 and small scale multi development, the BC election, NDP's housing policies, Cons housing policies, poor city planning making development difficult, how realistic Bill 44 is, how cities will fight it...
2024-10-1716 min
Selling Vancouver Real Estate PodcastCMHC Announces Mortgage Changes to Boost Homeownership for Canadians The new CMHC rules will enable more homebuyers to qualify for mortgage insurance, potentially allowing them to secure larger mortgage amounts, and making homeownership more accessible. This includes 30-year amortization periods and mortgage insurance qualification for houses up to $1.5 million. James and Denny share their thoughts on these changes as the government tries to stimulate home buying through policy. This episode will focus on CMHC's new lending rules, new mortgage caps, longer amortizations, new construction rule changes, prolonged presales, buyers walking away from condos, the government trying to stimulate home buying, and comparisons to 2007/08. Podc...
2024-10-1021 min
Selling Vancouver Real Estate PodcastMarket Update September: Insights into the Current Buyer-Seller DisconnectAs the fall season sets in, the real estate market is experiencing a noticeable slowdown, with lower-than-usual sales compared to previous years. Buyers and sellers alike are feeling the effects of shifting economic conditions, leading to more cautious decision-making and longer listing times. James and Denny discuss how they navigate slower market periods and share insights into the conversations they're having with both buyers and sellers during these times. This episode will focus on how buys and sellers are treating the current market, the effect of interest rates on sales, ambitious sellers, cautious buyers, luxury...
2024-10-0136 min
Selling Vancouver Real Estate PodcastDecoding BC's New Zoning Changes: What They Mean for YouTo tackle the housing crisis, the Province implemented a series of legislative changes in the fall of 2023 with Bills 44 and 47. These changes permit small-scale multi-unit housing and increase density in transit-oriented development areas, ensuring more people can access homes within their familiar communities. James and Denny go over the new changes and discuss how they will affect different communities across the Lower Mainland in varying ways. This episode will focus on housing density and plans to address the issue, certain cities asking for exclusions, 3-4 plexes on single-family home lots, skytrain/ transit proximity rules, bringing...
2024-08-1513 min
Selling Vancouver Real Estate PodcastMarket Shift: Analyzing the Impact of the Bank of Canada's Rate Cut on Real EstateThe real estate market in Vancouver is showing signs of revival following a recent rate cut by the Bank of Canada, which has made borrowing more affordable for potential buyers. With expectations of more rate cuts incoming, experts anticipate further boosts in market activity and home sales in the coming months. James and Denny offer their personal insights on how the recent rate cuts have impacted Vancouver's real estate market, highlighting which cities have been affected the most. This episode will focus on the Bank of Canada rate cuts, more rate cuts in the future...
2024-08-0125 min
Selling Vancouver Real Estate PodcastUnlocking Urban Growth: Small-Scale Multi-Unit Housing and Zoning Bylaw Changes in VancouverAs the June 30 deadline for amending zoning bylaws has passed, city governments in BC have detailed new construction permissions for single-family properties starting in July. James and Denny discuss the impact of these changes on Vancouver real estate from the perspectives of buyers, sellers, and investors. This episode will focus on new zoning bylaws and what they mean, small-scale multi-unit housing, floor space ratio changes, Transit-oriented development areas, and how this will help with density. Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel Email us...
2024-07-0422 min
Selling Vancouver Real Estate PodcastMarket Update June: Sales Down, Inventory Up!Listings are up, pre-sales are down, and prices are easing in Vancouver's housing market. This shift indicates a cooling trend as more properties become available while fewer buyers commit to pre-sales, leading to a gradual decline in housing prices. James and Denny share what they see in this market and offer predictions on where things are going. This episode will focus on sales slowing down and the increase in inventory, heading toward a buyer's market, more listings, and home sales stats for Coquitlam, Port Coquitlam, Port Moody, North Vancouver, Downtown Vancouver and Burnaby (Brentwood).
2024-06-2718 min
Selling Vancouver Real Estate PodcastUnlocking Opportunities: How Canada's Rate Cut Impacts Real EstateThe Bank of Canada's recent decision to cut its overnight rate to 4.75% marks the first rate cut in over four years. The BoC indicates a shift in monetary policy aimed at easing financial conditions as inflationary pressures show signs of subsiding. This move is expected to have several implications for the real estate market in Canada. James and Denny share what they are seeing in today's Vancouver real estate market and offer their predictions on how these rate cuts will affect the market. This episode will focus on Canada's first interest rate cut, its effects...
2024-06-1821 min
Selling Vancouver Real Estate PodcastExploring Real Estate Foreclosures: Are They Worth Looking Into?Acquiring a foreclosed property in Canada can offer substantial savings on a home or investment property. These properties are those that a lender has seized after the borrower failed to meet their mortgage obligations. James and Denny share their personal experiences with foreclosures and what the purchasing process looks like. This Episode will focus on foreclosures and if they can be worth it, how the process differs from resale, removing subjects in court, the bidding process, lawyer involvement, and the overall process. Podcast Videos can be found on the Garbutt + Dumas Real Estate...
2024-05-0210 min
Selling Vancouver Real Estate PodcastMarket Update April: A Subdued Spring SeasonAs per the BC Real Estate Association, the real estate market in the province is displaying indications of a rebound, although home sales continue to lag behind the 10-year average. Brendon Ogmundson, Chief Economist at BCREA, elaborated that while activity is increasing, home sales are still below typical levels, and home prices have remained relatively stable since last summer. James and Denny share what they are seeing in this real estate market and offer predictions for what may happen in the summer and fall. This episode will focus on the current spring real estate market i...
2024-04-2527 min
Selling Vancouver Real Estate PodcastBank of Canada Updates and Federal Budget HighlightsOn Tuesday, the federal government announced its 2024 budget, committing to extensive new spending funded by fresh revenue sources. This year's federal budget is centred on three key objectives: increasing the availability of affordable housing, reducing living costs, and fostering economic growth that benefits everyone. James and Denny share their thoughts on the recently released federal budget and plans to make housing more affordable. They also discuss BOC numbers and their effects on the current Vancouver real estate market. This episode will focus on the recently released federal budget and it's effects on real estate, Bank...
2024-04-1920 min
Selling Vancouver Real Estate PodcastUnlocking Home Value: Tips for Evaluating, Buying, and Selling PropertyUnlocking the value of your home or any real estate property you're considering buying or selling is a nuanced process that requires a keen understanding of the market. Denny and Monica share their personal experiences with evaluating homes and whether it's better to buy or sell your home first. This episode will focus on those looking to make a real estate move, upsizing and downsizing conversations, properly evaluating your home, buying or selling first, the importance of timing and what to expect throughout the process. Podcast Videos can be found on the Garbutt +...
2024-04-0427 min
Selling Vancouver Real Estate PodcastRecap of the Recent Changes to BC's Housing PoliciesRecent legislative changes in British Columbia aim to address the soaring cost of housing, reflecting the province's efforts to tackle the persistent issue of affordability in the real estate market. Denny and Monica review the new policy changes and share their thoughts on how they will affect the Vancouver real estate market. This episode will focus on recent real estate policy changes aimed to combat the high prices of homes, the foreign buyer ban extended, first time home buyers program updated, new anti-flipping tax laws, Trudeau's $2 billion pledge to support new homes and what it...
2024-03-1440 min
Selling Vancouver Real Estate PodcastMarket Update March: Limited Homes for Sale in a Sellers MarketThe current market is marked by high-interest rates and stagnant home sales, indicating a seller's market. Uncertainty looms large amidst these conditions, posing challenges for both buyers and sellers alike. Economic unpredictability adds another layer of complexity to the real estate landscape. Denny and Monica share what they are currently seeing in Vancouver's real estate market, and break down the stats by city and home type. This episode will focus on being in a seller's market, high-interest rates, limited product for sale, uncertainty in the market, misinformation in the news, what is hot right now...
2024-03-0719 min
Selling Vancouver Real Estate PodcastBuyers Beware: Unpermitted Renovations when Purchasing a Home - Re releaseWith current properties being sold so quickly, a lot of buyers may be overlooking certain negative aspects of a home that in the past may have been major red flags in a sale. James and Denny discuss the reasons behind unpermitted renovations and share how buyers can gain valuable information regarding work done on a property before buying. This episode will focus on the importance of certified inspections and permit approvals, legal basement suites, material latent defects, enquiring about permit history, and the varying severity of unpermitted renovations. Podcast Videos can be found...
2024-02-2925 min
Selling Vancouver Real Estate PodcastFour Ways to Get a Real Estate Deal in Today's MarketAs a prospective buyer in Greater Vancouver, navigating the real estate landscape can be challenging. The region remains entrenched in a competitive market where everyone is on the hunt for that elusive "good deal." However, finding such opportunities is increasingly rare. James and Denny outline four strategies for uncovering elusive deals and maintaining a competitive edge in the market. This episode will cover four ways to get a real estate deal in today's Vancouver market, beating the crowd, days on Market listings, landing a foreclosure, looking at assignments for sale, and potential in presales.
2024-02-0814 min
Selling Vancouver Real Estate PodcastRealtors Must Now List on MLS Within Three Days of Marketing a HomeAt the beginning of January, the Canadian Real Estate Association voted in favor of adding a policy of a "Duty of Cooperation." This policy requires realtors to put residential listings on its Multiple Listing Service (MLS) within three days of publicly marketing a property. James and Denny dissect the policy, offering insights into its potential impact on the Vancouver real estate market. This episode will cover the new duty of cooperation policy, why the CREA introduced it, what does "public marketing" mean, how this will affect certain selling strategies, and changes to the MLS.
2024-01-3109 min
Selling Vancouver Real Estate PodcastMore Home Density Coming to BCHousing Minister Ravi Kahlon has presented a legislative proposal to promote the growth of small-scale, multi-unit housing within the province. The legislation mandates municipalities to change zoning rules to make building townhomes, multiplexes and laneway houses easier. James and Denny review the new changes and express their opinions on how these alterations will impact density and the real estate market. This episode will cover BC's plans to increase home density, small scale multiunit housing, Transit oriented development and what it means, NIMBYSM, David Eby making changes, changes to laneway houses, phasing out public hearings for...
2024-01-2432 min
Selling Vancouver Real Estate PodcastVancouver Real Estate 2023 Market Recap and Legislative Changes2023 was a rollercoaster year for real estate marked by increases in interest rates and the implementation of several legislative adjustments aimed at addressing housing supply issues and promoting long-term rentals. James and Denny review key moments from 2023, shedding light on the latest legislative initiatives designed to boost housing availability and facilitate long-term rentals. This Episode will cover 2023 and what happened in the real estate world, rate increases, FHSA accounts, residential property flipping rules, foreign buyer ban, rental restriction removal, Air BnB bans, new density announcements, and predictions for 2024. Podcast Videos can be found...
2024-01-1930 min
Selling Vancouver Real Estate PodcastEarly Fall Trends: More Tenanted Properties for SaleIf you're looking to buy a home for personal living or investment purposes, there's a chance it might be tenanted. In such instances, there are key considerations before finalizing your decision to purchase. James and Denny share their personal experiences with purchasing and selling tenanted properties and go over all the things you can expect. This episode will focus on tenanted properties and how they affect transactions, investors dumping properties, rent not covering mortgage costs, tenants' rights during a transaction, what happens to leases, and how to best accommodate the tenant. Podcast Videos...
2023-11-2324 min
Selling Vancouver Real Estate PodcastChanges in B.C.'s Short-Term Rental Rules: The Impact on Airbnb and Housing SupplyThe B.C. government introduced legislation with the objective of redirecting certain short-term rentals (STR) back into the long-term housing market. This initiative seeks to address housing shortages by repurposing some short-term rental properties to serve as stable, long-term homes for residents. James and Denny share their opinions on the changes and talk about how they will affect different cities in different ways. This episode will focus on short-term rental changes, what exactly these changes are, the effects on rental supply, cities with exemptions, distress sales and long-term rentals, effects on tourism, and the overall...
2023-11-1629 min
Selling Vancouver Real Estate PodcastBank of Canada Rate Hold: What Does this Mean for the Vancouver Real Estate MarketThe Bank of Canada's decision to maintain its policy rate at a 22-year high of five percent has offered some respite to mortgage owners while increasing financial strain for other indebted Canadians grappling with higher borrowing costs. James and Denny share what they are seeing in the real estate world and how the rate hold is affecting people and their decisions to buy or sell. This episode will focus on the Bank of Canada's current rate hold, the second rate hold in a row, transactions way down, how the rate announcement affects people's decision-making, mortgage...
2023-11-1026 min
Selling Vancouver Real Estate PodcastMarket Update November: What's Hot, What's Not in Metro Vancouver Real EstateAs interest rates rise, the real estate market in Vancouver is experiencing increased pressure. Houses, townhomes, and condos are responding differently to these changes, and various regions within Vancouver are being impacted in diverse ways. James and Denny discuss various cities and specific product types, sharing their observations and insights on the current conditions in these markets. This episode will focus on different styles of homes and how they are reacting to rates, areas that are still hot and areas that are cooling off, why are we seeing these differences, and specific examples from Port...
2023-11-0231 min
Selling Vancouver Real Estate PodcastWhat You Need to Know When Writing an Offer on a HomeIn the world of real estate, few moments are as pivotal as the presentation of an offer on a home. Whether you're a first-time homebuyer or a seasoned real estate enthusiast, understanding the key elements and intricacies of crafting a compelling offer is essential. Denny and Monica go over writing an offer and the important details that you need to think about. This episode will focus on writing an offer and important things to focus on, the contract of purchase of sale, how to give a deposit, rescission amounts, terms and conditions, how subjects work...
2023-10-1921 min
Selling Vancouver Real Estate PodcastRent Increases in B.C. Capped at 3.5 % for 2024In B.C.'s competitive rental market, landlords will soon be permitted to raise rents for existing tenants by 3.5%, up from the current 2% cap. This change, however, remains below the inflation rate for the second consecutive year, a shift from past policies that allowed rent increases based on inflation or inflation plus 2% prior to 2018. Denny and Monica explain what this all means for landlords and renters and share how this will affect the Vancouver real estate market. This episode will focus on the 3.5% rent increase cap in BC, the cost of strata fees and insurance...
2023-10-1323 min
Selling Vancouver Real Estate PodcastNew Pieces of Legislation that Promise to Increase DensityBritish Columbia's housing minister has unveiled forthcoming legislation aimed at increasing housing density. The proposed laws intend to permit the construction of duplexes, triplexes, and townhomes on land currently designated for single-family homes, a move aimed at tackling the ongoing housing crisis. Denny and Monica go over the numbers BC is proposing and offer their opinions on how feasible they actually are. This episode will focus on housing density issues in BC, legislation changes in Burnaby and Vancouver, multiplexes, laneway homes, a list of municipalities not keeping up, very expensive to build right now, city...
2023-10-0520 min
Selling Vancouver Real Estate PodcastMarket Update September: How Interest Rates are Affecting Real EstateAs 30-year mortgage rates surge past the 7% mark, a significant number of current homeowners seem hesitant to sell their properties, fearing the prospect of acquiring a new, pricier mortgage. The combination of reduced housing inventories and elevated borrowing expenses has led to a prominent concern: home affordability, which is now a pressing issue for prospective buyers. Denny and Monica discuss their observations of the local markets and delve into how elevated interest rates are impacting everyday real estate deals. This episode will focus on interest rates and how they are affecting local markets, BoC holding...
2023-09-2812 min
Selling Vancouver Real Estate PodcastThe Ugly Side of New ConstructionBuying a new construction home can be an exciting prospect, but it also comes with its own set of considerations and potential pitfalls. Whether you're a first-time homebuyer or an experienced real estate enthusiast, understanding the ins and outs of purchasing new construction is crucial to making a well-informed decision. Denny and Monica highlight some of the negative aspects of buying new construction and what to look out for when getting into a presale. This episode will focus on the negative aspects of buying new construction. A lot of moving parts in construction, how to...
2023-09-0723 min
Selling Vancouver Real Estate PodcastCollapsed Real Estate Deals: More Common Than You ThinkIn the world of real estate, success stories are often celebrated, but failures can provide invaluable insights. Collapsed real estate deals happen and are more common than you think. Denny and Monica go into collapsed real estate deals, offering essential insights into not only understanding how these deals unravel but also proactively preventing such situations and ensuring the successful removal of subjects. This episode will focus on collapsed real estate deals, how they happen, how to prevent them, subjects don't always get removed, the unpredictability of people, how to educate your sellers and personal realtor...
2023-08-2513 min
Selling Vancouver Real Estate Podcast"Disclosure of Multiple Offers Presented Form" and How It WorksAn upcoming change by real estate boards in Metro Vancouver and the Fraser Valley promises to bring slightly more transparency to bidding wars over properties in the region. Denny and Monica go over these changes and share how they will affect real estate transactions in multiple offer situations. This episode will focus on the "Disclosure of Multiple Offers Presented Form" and what it means, the amount of new forms realtors keep seeing, how it prevents dishonesty and helps transparency, consumer trust, and alternate options. Podcast Videos can be found on the Garbutt + Dumas Re...
2023-08-1010 min
Selling Vancouver Real Estate PodcastTrigger Words that Can Stop a Real Estate TransactionA Real Estate transaction is a delicate process with a lot of moving parts. Certain terms that appear on a contract can bring doubt to a buyer and even halt the transaction. Denny and Monica share how terms like "Special Levy," "Asbestos," "Bidding War," and "Subject free offer," can affect a real estate transaction and how they deal with these situations when they arise. This episode will focus on real estate triggers words including: "Oil Tanks," "Asbestos," "Special Levy," "Poly B Piping," "Subject Free Offers," "Bidding War," "Interest Rates," and "Water Ingress." Podcast...
2023-07-2736 min
Selling Vancouver Real Estate PodcastGreater Vancouver Real Estate from 2016-2023Since 2016 municipalities in Greater Vancouver have seen a lot of change when it comes to real estate. The region has witnessed a multitude of developments, market fluctuations, and policy adjustments that have shaped the housing landscape. James and Denny summarize Greater Vancouver's real estate transformation from 2016 -2023 and go over the neighbourhoods that have seen the most change. This episode will focus on real estate changes from 2016 to today and include stats from North Van, Whistler, Squamish, West Van, New Westminster, Langley and Maple Ridge. Podcast Videos can be found on the Garbutt +...
2023-07-1325 min
Selling Vancouver Real Estate PodcastFinancing in Today's Real Estate MarketQualifying for a mortgage has become increasingly difficult in Canada due to the current prime rate of 6.95%. Because of this, the landscape of real estate financing has undergone significant changes over the past 18 months. James and Denny go over current financing numbers, and how much it is currently costing to borrow money. This episode will focus on the bank's current rates and discounts, variable vs fixed, future predictions for mortgages, more rate hikes or is that it? pre-approvals vs firm approvals, and lending in construction. Podcast Videos can be found on the Garbutt +...
2023-06-2917 min
Selling Vancouver Real Estate PodcastMarket Update June: Another Rate HikeTwo weeks ago the Bank of Canada raised the policy rate by 25 basis points, surprising most as underlying inflation remains stubbornly high. James and Denny share how the rate increase has affected current home prices in Greater Vancouver and what they are seeing day to day as realtors. This episode will focus on the current rate hike and how it has affected the Vancouver real estate market, the dominant seller's market, people not listing properties, multiple offers, the active luxury market, the rise of construction prices, and current activity in New West, East Van, North...
2023-06-2237 min
Selling Vancouver Real Estate PodcastInvesting in Whistler Real EstateDenny is once again joined by Nick Soldan as the two talk about investing options and opportunities in Whistler, BC. Nick and Denny go over Phase I vs Phase II zoning regulations and share what kind of property has the best value. This episode will focus on investment opportunities in Whistler, the difference between Phase I and Phase II zoning, the property types that offer the best value, foreign buyer investing, running the rental yourself vs using a management company, and the lack of development opportunities in Whistler. Podcast Videos can be found on the...
2023-06-0823 min
Selling Vancouver Real Estate PodcastReal Estate in WhistlerWhistler BC is home to North America's largest ski resort and with that comes popularity and high property values. Denny is joined by Nick Soldan Harriss to talk about real estate in Whistler and how much people are paying to live there. This Episode will focus on Whistler real estate and current rent prices, demand between different seasons, low housing and rental supply, municipalities not wanting more development, the difficulty for workers to find lodging, lack of land and how Whistler is so much more than just a ski town. Podcast Videos can be found...
2023-06-0136 min
Selling Vancouver Real Estate PodcastMortgage Options for First-Time Home BuyersAlex joins Denny once again, this time to talk about all the options first-time home buyers have when trying to qualify for a mortgage. Denny and Alex share tips for first-time buyers and talk about the incentives provided by the federal and provincial governments. This episode will cover mortgage options for first-time home buyers, steps to achieving the dream of home ownership, where to find the best advice, provincial and federal incentives, PTT Exemption, and how to use the Home Buyers Plan, FHSA, and RRSP. Podcast Videos can be found on the Garbutt + D...
2023-05-2524 min
Selling Vancouver Real Estate PodcastPresale Completions and How to Make Sure you are PreparedAlex McFadyen is back with Denny to talk about presale completions and provide you with valuable insights on how to ensure you are well-prepared for this crucial phase. Denny and Alex go over the timelines for presale projects and the different rules with primary residence vs investment properties. This episode will cover how mortgages work with presale properties, the timeline before completion and what you should focus on, the differences between primary residences and investment properties, different rules with different lenders, and unexpected costs when purchasing a presale. Podcast Videos can be found...
2023-05-1814 min
Selling Vancouver Real Estate PodcastMarket Update May: The Current State of MortgagesWhat is currently going on in the home financing world? In this episode, Denny is joined by top mortgage broker Alex McFadyen to learn about the current state of mortgages. Denny and Alex talk about the impact of the current interest rates on borrowing and home prices. This episode will focus on the current state of home financing, a recap of the last 12 months and future predictions, lack of supply, home prices slowly climbing, the effects of the rapid interest rate hikes, banks in wait-and-see mode, and the importance of staying ahead of changes by...
2023-05-1526 min
Selling Vancouver Real Estate PodcastHow to Prepare Your Home for SaleAlthough this episode was released last year, it still contains relevant and timely information that is significant today. When selling your home, it takes more than luck to get a buyer to make a solid offer. It usually involves careful planning and hard work to get the house ready to sell. Denny asks James questions regarding what steps he took to prepare his 1945 New Westminster house for a successful sale. This episode will cover the importance of market timing when selling your home, knowing when small touch-ups or large updates should be done...
2023-05-0512 min
Selling Vancouver Real Estate PodcastTips for First-Time Buyers Trying to Get Into the MarketAs real estate prices keep rising, more and more home buyers are finding it difficult to purchase their first property. The government has introduced a few savings programs, but is it enough? James and Denny go over the four main programs the government has offered to first-time home buyers and discuss the pros and cons of each one. This episode will cover the First Time Home Buyers' Program, the Home Buyers' Plan, The First-Time Home Buyer Incentive, and the new First Home Savings Account and how to get the most out of each program.
2023-05-0116 min
Selling Vancouver Real Estate PodcastNew Rules for Foreign Home BuyersCanada's ban on foreign homebuyers came into effect on Jan 1st, 2023. The new measure bars most non-residents and foreign commercial enterprises from buying residential properties in Canada for the next two years. Recently a few changes were announced to the policy. James and Denny go over the new exceptions and share how they will directly affect Vancouver's real estate market. This episode will focus on the foreign home buyer ban and the new amending regulations, purchasing vacant land workarounds, students buying properties, the rules with work visas, purchasing properties for development and how these exceptions...
2023-04-2013 min
Selling Vancouver Real Estate PodcastMarket Update April: Bank of Canada's Rate Pause and the Current State of Single-Family HomesThe Bank of Canada announced another rate pause and held its policy rate at 4.5% and the prime rate at 6.70%. Since the last hold, the Vancouver real estate market has seen an uptick in activity with buyers hoping the BoC is done with rate increases. James and Denny share what they are seeing in today's current market and go over what the rate pause will mean for real estate. This episode will focus on the Bank of Canadas rate hold, single-family home prices in North Van, West Van, Port Moody, Burnaby, New West, the uptick in...
2023-04-1430 min
Selling Vancouver Real Estate PodcastG+D Get to Know Your Realtor: Denny and MonicaWelcome to "Getting to Know Your Realtor!" This will be a reoccurring segment where we introduce members of the G+D team, giving you a chance to get to know us better. Denny and Monica engage in a question and answer session to learn about each other's experiences and backgrounds in the real estate industry. This episode will focus on Denny and Monica's early history and how they first got into real estate, what they love about the job and what really drives them, the importance of construction knowledge and understanding a home, and what's...
2023-04-0621 min
Selling Vancouver Real Estate PodcastAre Multiple Offers Back?Following a sluggish winter, the Vancouver real estate market is beginning to show signs of recovery. With the bank of Canada pausing interest rate hikes properties are now attracting more attention and seeing more multiple offers. Denny and Monica share their personal experiences in a market shifting from a slow one to multiple offers being more common. This episode will talk about multiple offers in today's real estate market, leaving your seller enough time to get the best offer, picking a date is irrevocable, no more bully offers, the cooling off period, current bidding wars a...
2023-03-3125 min
Selling Vancouver Real Estate PodcastReal Estate Appraisals and How They WorkReal estate appraisals are an important part of the process of buying or selling a property. They provide an estimate of the value of a property based on various factors and are often used by lenders. Denny and Monica share their thoughts on appraisals and talk about personal experiences with them in the past. This episode will focus on real estate appraisals and why they are necessary, market value vs appraisal, what appraisers look for, what to do with a bad appraisal, and the best way to prepare your home. Podcast Videos can...
2023-03-2417 min
Selling Vancouver Real Estate PodcastMarket Update March: BoC Rate Hike PauseFor the first time in a year, the Bank of Canada did not raise interest rates and maintained its policy rate at 4.5%. Denny and Monica share what they are seeing in Vancouver's real estate market as a result of the interest rate pause and what they think will happen over the next couple of months. This episode will focus on the current real estate market in Vancouver and the Lower Mainland, the bank of Canada pausing interest rates, lower than anticipated CPI numbers, busy open houses, multiple offers, low housing supply, and predictions for the...
2023-03-1733 min
Selling Vancouver Real Estate PodcastIs Now a Good Time to Invest in Real Estate?Investing in real estate is a topic that's often shrouded in uncertainty, with many people wondering whether it's a good idea. This is especially true in today's market, where high-interest rates and other factors can make the decision to invest even more challenging. James and Denny compare numbers between different property types in different areas to try to answer if it's possible to find a cash-positive place in today's current market conditions. This episode will cover the best investment returns on properties in Port Moody, Coquitlam, Squamish, Surrey, and Burnaby. Do cash-positive properties exist? How...
2023-03-0122 min
Selling Vancouver Real Estate PodcastTownhouses: The Future Family HomeSingle-family homes are unattainable to most families in the Lower Mainland and many are looking to townhouses as an alternative. James and Denny explore why townhouses are becoming the future of family homes, and the cities that are keeping up with demand better than others. This episode will cover townhouses and how they are the future family home, alternative options for young families, townhome layouts, strata fees, the perfect time to upsize, and future developments. Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel - https://www.youtube.c...
2023-02-2321 min
Selling Vancouver Real Estate PodcastMarket Update February: Seller's MarketWhile real estate has slowed down compared to the peak demand in 2021, the market still remains a seller's market, with a low supply of homes for sale and high competition for those that do become available. James and Denny share what they are currently seeing in the market and emphasize that conditions can vary depending on the type of property, location, and other factors. This episode will cover the current state of the Vancouver market, low inventory still a problem, strong seller's market, 0.25 rate increase, BC Assessments, townhouses still selling strong, current real estate opportunities...
2023-02-1735 min
Selling Vancouver Real Estate PodcastReal Estate and the Media: Clickbait in the NewsIn Vancouver real estate is a common topic in the news, with many outlets presenting stories with a one-sided view. Denny and Monica share some articles and break down what they think is happening and relate it to what they are currently seeing in the market. This episode will cover random recent real estate articles, stratas going to 55+ to limit rentals, parking garage floods, fireworks set off in a condo, riots over house prices and how the Canadian accent is one of the best in the world. Podcast Videos can be found on...
2023-02-0309 min
Selling Vancouver Real Estate PodcastTaking Advantage of New Construction OpportunitiesSome investors who purchased presale homes a few years ago are deciding to sell their units as the project completes. Interest rates have had a significant impact on determining whether it is beneficial to get a mortgage and if they will make a profit from these investments. Denny and Monica discuss who could benefit from these sales and why you might want to buy a new construction project over resale or presale. This episode will cover the price comparison of new construction and presale, which cities will see the most projects completed, how interest rates...
2023-01-2709 min
Selling Vancouver Real Estate PodcastRate Hikes Keeping you up at Night?Rising interest rates are a tool being used to slow down inflation in Canada. As we approach another announcement by the Bank of Canada many people are already feeling the pressure. Denny and Monica provide some options for homeowners who are worried about how these interest rate increases will affect their monthly budget and ability to afford their mortgage payments. This episode will cover the effects of variable versus fixed-rate mortgages, the option of adding a rental unit in your home for more income, the pros and cons of refinancing your mortgage, the advantages of...
2023-01-1910 min
Selling Vancouver Real Estate PodcastMarket Update January: Buyer Opportunities in 2023It has been an uncertain time for people wanting to enter the real estate market as interest rates have steadily been climbing. Many buyers and sellers are waiting to see what the Bank of Canada has planned in the upcoming months before committing to any major financial decisions. Denny and Monica discuss what they have been seeing in the market and provide tips in hopes of educating buyers looking for current opportunities in real estate. This episode will cover the importance of readjusting budgets to take on higher monthly payments, the pressure that unpredictable interest...
2023-01-1215 min
Selling Vancouver Real Estate PodcastInvestment Properties: What You Need to Know Before BuyingPurchasing a rental property is a popular option for many people hoping to get their foot in the door with real estate or for homeowners wanting to re-invest their current home's built-up equity. James and Denny break down the benefits, challenges, and responsibilities of purchasing an investment property and becoming a landlord. This episode will cover what to look for when buying a rental condo, the difference between an owner-occupied or vacant condo and a rented unit, potential monthly rent amounts versus what condo mortgages and expenses cost in different cities, the reasons why you...
2023-01-0529 min
Selling Vancouver Real Estate PodcastHappy Holidays from the G+D PodcastThank you to everyone who supported this podcast in any way this year. On behalf of everyone at G+D, we would like to wish you all a very happy holiday season and a wonderful New Year. Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel - https://www.youtube.com/channel/UCHK2L-KswYO93195yndFAmA Email us at garbuttdumaspodcast@gmail.com James Garbutt Instagram: https://www.instagram.com/jamesgarbutt Facebook: https://www.facebook.com/jamesgarbutt Website: https://jamesgarbutt.com Denny Dumas Instagram...
2022-12-2401 min
Selling Vancouver Real Estate PodcastReal Estate and the Media: Should You Believe Everything you Read?In an effort to better understand Vancouver real estate, more people have been turning to the news for information on current events and trends within the market. James and Monica break down real estate headlines that have caught their attention recently, sharing which articles are just clickbait and which ones you should pay the most attention to. This episode will review media coverage regarding the number of Canadians who have been affected by the trigger rate for their variable rate interest, the upcoming increase in homes selling for under the assessed value, which locations can...
2022-12-2216 min
Selling Vancouver Real Estate PodcastRemoval of Strata Rental RestrictionsThe Government of BC announced the end of all strata rental-restriction bylaws and limited age-related restrictions to only allow 55+-year-old communities. This can affect hundreds of thousands of properties throughout the province that previously had rental restrictions that homeowners can now choose to rent out. James and Monica share their thoughts on how the removal of these restrictions will impact renters and homeowners, as well as what role these changes will have on the real estate market. This episode will cover the stigma around renters, the different options homeowners now have in regards to renting...
2022-12-1519 min
Selling Vancouver Real Estate PodcastBank of Canada December Interest Rate HikeThe Bank of Canada increased the policy interest rate by 50 bases points today, in its 7th hike in a row. The current overnight lending rate sits at 4.25% and the prime rate is 6.45%. James and Monica go over what this increase means for the real estate market and what the rate change means for their day-to-day. This episode will cover the impact of higher mortgage payments on homeowners, how interest rate increases will affect fixed versus variable mortgages, the possibility of foreclosures, the difference in sales volume average in 2023 compared to the previous 10-year average, how...
2022-12-0811 min
Selling Vancouver Real Estate PodcastOpportunities for Realtors in Slower MarketsWith all the interest rate hikes this past year the housing market has naturally cooled off and has entered a slower period. With fewer transactions realtors have more time to develop their businesses and themselves. James and Denny go over everything they do in a slower market, and what they focus on to make the best use of their time. This episode will focus on the current situation in the real estate market, the low number of transactions, how realtors can make the best use of their time, developing your business, taking personal time, the...
2022-12-0116 min
Selling Vancouver Real Estate PodcastMarket Update November: Are Holidays a Good Time to Sell?As the end of the year approaches, many homeowners are hesitant to list their properties for fear of not getting the best value for their home. However, selling at this time also has its advantages, less competition and more serious buyers. James and Denny discuss real estate market trends and provide insight into why you may or may not want to list your home during the holiday season. This episode will cover which months are usually the slowest in real estate, who could benefit from listing during the holidays, how the recent rate increases have...
2022-11-2420 min
Selling Vancouver Real Estate PodcastYou Bought Your First Investment Property, Now What?Buying an investment property and renting it out can be a great way to earn extra income or help cover the mortgage. However, many investors are unsure of how to best showcase the home and start the rental process. Denny and Monica provide step-by-step instructions on how to rent out your property to great tenants at the best price, starting from the moment you get possession of the home to signing the lease agreement. This episode will cover the advantages and disadvantages of having a property manager, how you can make your rental listing stand...
2022-11-1617 min
Selling Vancouver Real Estate PodcastBuying New Construction in Today's MarketRecent rate hikes have caused pre-owned home sales to decrease, making many buyers question how the presale market has been affected and if that may be a better investment. James and Denny review the pros and cons of purchasing presale homes in today's current conditions and break down the dangers of trying to time the market when buying. This episode will cover which neighbourhoods still offer the best deals, the various amenities offered with strata fees, what role the interest rate increase has played on presale popularity, the different types of deals that developers are...
2022-11-1132 min
Selling Vancouver Real Estate PodcastIrrevocable Direction Regarding Presentation of Offers in Real EstateIn the past, the Direction Regarding Presentation of Offers (DRPO) form would notify interested parties when the offers on a home would be viewed. This would allow buyers to view the property and decide if they should invest. However, if the sellers received a strong offer during this period, the DRPO form could be revoked or changed. James and Denny explain how the Irrevocable Direction Regarding Presentation of Offers differs from the previous form and share how the extra limitations put in place could affect you when buying or selling a home. This episode will...
2022-11-0310 min
Selling Vancouver Real Estate PodcastBank of Canada October Policy Interest Rate 0.5% IncreaseThe Bank of Canada raised interest rates for the sixth time in a row today bringing the Overnight Rate to 3.75% and major banks followed bringing the Prime Rate to 5.95% James and Denny talk about what these rate hikes have done to Vancouver real estate and compare the current situation to the housing market crash in 2008. This episode will cover what is happening in the current market and what we can expect to see over the next couple of months, US vs Canadian dollar values, pros and cons of presales in a down market, the perfect...
2022-10-2733 min
Selling Vancouver Real Estate PodcastIs Paying for a Home Inspector Worth it?During a slower market, buyers have a better opportunity to include a subject to inspection when making an offer. Many potential homeowners wonder if it is worth the investment to hire a home inspector or if they can make a purchase without it. Denny and Monica discuss the pros and limitations of home inspections and share what type of valuable information buyers can expect to get to help them decide if they should purchase a home. This episode will cover which traits separate a great home inspector from an average one, what information you can...
2022-10-1916 min
Selling Vancouver Real Estate PodcastMarket Update October 2022: What is Really Going on in the Market?There have been different headlines in the media recently regarding decreasing sales volumes and slower traffic when it comes to selling homes, making some people worry about the future of BC real estate. Denny and Monica provide important insight into the current real estate trends, price point adjustments, and market hot spots. This episode will cover the continued effect of low supply, which type of real estate product is selling the most, the impact of rising interest rates on market predictability, the importance of having a well-priced home when listing, and which cities are seeing...
2022-10-1312 min
Selling Vancouver Real Estate PodcastTips for Making a Successful Offer on a HomeDuring this slow market, buyers see fewer multiple offer situations when purchasing a home. The lack of competition can sometimes allow buyers to make lower than list price offers. Denny and Monica break down what changes they have made to help their buyers create solid offers that will help to win over the seller. This episode will cover what you need to know for negotiating the best price, the importance of "picking your battles," how paying attention to detail can have a significant impact on your offer, the keywords you should include in your contract...
2022-10-0607 min
Selling Vancouver Real Estate PodcastDealing with Lowball Offers During a Slow Real Estate MarketAs the market remains slow in most areas of Greater Vancouver, some buyers and sellers are unsure of how to properly navigate the changing value of homes. Many homeowners are emotionally attached to their property and may struggle to accept offers that are below their list price. Buyers are seeking deals and may send offers that are far below what has been listed. Denny and Monica share behind-the-scenes conversations they have with buyers and sellers when it comes to sending and receiving "lowball" offers during a slow real estate market. This episode will cover the...
2022-09-2817 min
Selling Vancouver Real Estate PodcastBank of Canada 0.75% September Rate IncreaseOn September 7, the Bank of Canada announced a 0.75% interest rate increase in a continued effort to fight inflation. Denny and Monica discuss what this will mean for homeowners and how it will affect the real estate market. This episode will cover the likelihood of future interest rate increases, the importance of correctly pricing your listing, which property types are still selling, the effect of inflation rate trends on the Canadian economy, and whether or not you should sell your home at this time. Podcast Videos can be found on the Garbutt + Dumas Real...
2022-09-2213 min
Selling Vancouver Real Estate PodcastSurviving Your First Year as a Realtor: Stories with James and MonicaThe first year in real estate is hard. Passing an exam doesn't prepare you for what your day to day will look like as a new realtor. James and Monica share their own stories from when they were first-year agents and what they did to take their careers to where they are today. This episode will cover the hardships of being a first-year realtor, how to grow your real estate career, the day-to-day and how that changes over time, the power of open houses, marketing budgets and what to focus on, understanding home inspections, ongoing...
2022-09-0837 min
Selling Vancouver Real Estate PodcastWhat to Buy, Where to Buy, and What Questions to AskPeople are always looking to jump into the world of real estate but don't know how to begin. It can be overwhelming for many as they try to figure out what kind of property to buy, where they should look, and the questions they should ask. James and Monica walk you through a buyer's thought process to help bring clarity when purchasing a home by focusing on budget, real estate goals, and lifestyle. This episode will cover how investment properties and rental income can help you qualify for a mortgage, how different real estate goals...
2022-09-0118 min
Selling Vancouver Real Estate PodcastMarket Update August 2022: Townhouses in Greater VancouverTownhouses have become a popular option for buyers looking to upsize from a condo or purchase a home for their growing family. James and Monica share why townhouses have been the most resilient property type throughout the real estate market shift, and provide insight on townhome trends around the greater Vancouver area. This episode will cover the power of limited supply, the benefits of presale vs resale townhouses, how interest rate increases will affect sales, which cities have more townhome listings, and a breakdown of list price to sale price ratios. Podcast Videos...
2022-08-2722 min
Selling Vancouver Real Estate PodcastShould you Sell your Home this Summer?With rising interest rates and summers typically being less active, many homeowners are trying to decide whether now is a good time for them to sell or not. Denny and Monica share who should be looking to sell their properties this summer, and why others may want to wait until later this year or next year before making a sale. This episode will cover the importance of looking at the bigger picture, upsizing versus downsizing, the increasing prevalence of sale price negotiations, the benefits of waiting if you are an investor in the market, and...
2022-08-1807 min
Selling Vancouver Real Estate PodcastChoosing the Right Realtor to Sell Your Home in a Slower MarketThere are many challenges that homeowners may face when listing their property in a slow market. Hiring a realtor who can reduce seller fatigue, effectively market a home, and navigate a successful sale is important. Denny and Monica recommend specific questions you should ask a realtor before hiring them to sell your home. This episode will cover the key role that marketing plays, the importance of keeping up with trends on social media, the difference between experience selling homes versus the number of years as a realtor, the benefits of effective communication with other agents...
2022-08-1017 min
Selling Vancouver Real Estate PodcastBank of Canada 1% July Rate Increase and its Current Effects on Vancouver Real EstateIn the middle of July, the Bank of Canada raised its benchmark interest rate to 2.5% and the prime rate to 4.70% in order to combat runaway inflation. These historical increases will affect anyone with a variable mortgage or anyone renewing a fixed. Denny and Monica go over how the rate increase has affected the current real estate market and what we can expect to see in the fall. This episode will cover the 1% increase rate and what it means for real estate, what the bank of Canada is hoping to accomplish, regions recovering from FOMO, rate...
2022-08-0419 min
Selling Vancouver Real Estate PodcastBC Real Estate 3-Day Cooling-off PeriodThe Cooling-Off Period in BC Real Estate has officially been announced and will come into effect on January 1, 2023. Buyers will have 3 days after their subject-free offer is accepted to decide if they should continue with the purchase or back out with a small penalty. Denny and Monica discuss how effective this new policy will be for homebuyers and share who will actually benefit from this change. This episode will cover why this policy could actually increase the number of buyers bidding on a home, how this change may favour the more wealthy individuals trying to...
2022-07-2819 min
Selling Vancouver Real Estate PodcastHow to Prepare Your Home for a SaleWhen selling your home, it takes more than luck to get a buyer to make a solid offer. It usually involves careful planning, sometimes months in advance, and hard work to get the house ready to sell. Denny asks James questions regarding what steps he took to prepare his 1945 New Westminster house for a successful sale back in April 2022. This episode will cover the importance of market timing when selling your home, knowing when small touch-ups or large updates should be done, understanding how long you should give yourself for certain tasks like painting, and...
2022-07-0612 min