The Garbutt + Dumas Real Estate Podcast

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 e...

It 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 lookin...

Purchasing 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,...

Thank 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...

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 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...

The 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 inte...

With 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...

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 episod...

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 signin...

Recent 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 th...

In 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...

The 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...

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 dec...

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 ty...

During 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 i...

As 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...

On 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...

The 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 an...

People 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...

Townhouses 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...

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...

There 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...

In 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 wil...

The 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...