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Selling Vancouver Real Estate Podcast

James Garbutt, Denny Dumas and Monica Harmse

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Hosted by James Garbutt, Denny Dumas and Monica Harmse, top Vancouver Realtors that have facilitated over a billion dollars in sales, and have helped over a thousand families move. This podcast aims to inform buyers, sellers and investors on what's happening in and around Vancouver's real estate market. Buy or sell with us! The Garbutt + Dumas Real Estate Team - Oakwyn Realty Ltd.'
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Recent 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 fo…
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The 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 seein…
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With 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 epi…
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As 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 mai…
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At 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 i…
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Housing 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 the…
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2023 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 availabi…
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If 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. Th…
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The 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 chang…
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The 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 an…
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As 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…
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In 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 t…
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In 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…
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British 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 …
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As 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 iss…
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Buying 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 highlig…
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In 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 …
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An 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 Multi…
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A 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 sit…
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Since 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 neig…
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Qualifying 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 fo…
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Two 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 ha…
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Denny 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, th…
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Whistler 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 h…
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Alex 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 achiev…
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Alex 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 pr…
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What 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 l…
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Although 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…
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As 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 wi…
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Canada'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 …
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The 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 paus…
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Welcome 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 Mon…
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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 c…
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Real 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…
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For 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 …
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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 are…
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Single-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 hom…
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While 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, l…
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In 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 …
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Some 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 mi…
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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 thei…
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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 an…
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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 …
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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 garbuttdum…
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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.…
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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 thoug…
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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 o…
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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 episod…
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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 lis…
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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 t…
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