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The G+D Real Estate Podcast

100 Episodes

33 minutes | Mar 17, 2023
Market Update March: BoC Rate Hike Pause
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 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 future. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
23 minutes | Mar 1, 2023
Is 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 current rates are affecting investment opportunities, the slowdown in developments, and real estate predictions in these areas. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
22 minutes | Feb 23, 2023
Townhouses: The Future Family Home
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 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.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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
35 minutes | Feb 17, 2023
Market Update February: Seller's Market
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, 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, and future predictions. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
9 minutes | Feb 3, 2023
Real Estate and the Media: Clickbait in the News
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 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 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
10 minutes | Jan 27, 2023
Taking Advantage of New Construction Opportunities
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 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 have impacted investors, the advantages of buying presale versus resale, and where you can find the best information about new construction in the lower mainland. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
10 minutes | Jan 19, 2023
Rate 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 extending your amortization period to 30 years, and whether or not you should sell or keep your home at this time. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
15 minutes | Jan 12, 2023
Market Update January: Buyer Opportunities in 2023
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 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 rates can have on homeowners, the impact of low supply and even lower amounts of desirable/“good” homes on the market, the prevalence of multiple offers, and the potential for equity opportunities with lower price tags versus the fear of rising interest rates. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
30 minutes | Jan 5, 2023
Investment Properties: What You Need to Know Before Buying
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, 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 would evict your tenant, and allowable yearly rental increases and restrictions. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
1 minutes | Dec 24, 2022
Happy Holidays from the G+D Podcast
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://www.instagram.com/jamesgarbutt Facebook: https://www.facebook.com/jamesgarbutt Website: https://jamesgarbutt.com Denny Dumas Instagram: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
16 minutes | Dec 22, 2022
Real 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 be charged the speculation and vacancy tax for empty homes in 2023, the repercussions of overlooking the Foreign Buyer's Tax, as well as the prevalence of tax sales and whether or not they are a good deal in Vancouver. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
19 minutes | Dec 15, 2022
Removal of Strata Rental Restrictions
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 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 or selling, the possible issues small stratas may encounter, which type of homes will be most affected by these changes, and the impact this will have on rental rates. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
12 minutes | Dec 8, 2022
Bank of Canada December Interest Rate Hike
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 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 different areas of Vancouver real estate can be affected, and predictions on what the following interest rate announcement will be. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
16 minutes | Dec 1, 2022
Opportunities for Realtors in Slower Markets
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 estate market, the low number of transactions, how realtors can make the best use of their time, developing your business, taking personal time, the importance of marketing, staying motivated and how to start the new year strong. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
21 minutes | Nov 24, 2022
Market 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 affected list prices, the prevalence of multiple offer situations, and which property types are currently highest in demand. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
18 minutes | Nov 16, 2022
You 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 out, the importance of professional photography and floor plan to potential renters, which data you should use when finding a realistic rent for your property, the benefits of having a trusted handyman to help with fixes around the home, as well as the steps involved with signing a lease agreement. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
32 minutes | Nov 11, 2022
Buying New Construction in Today's Market
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 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 offering, and the top features to look for when buying presale. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
11 minutes | Nov 3, 2022
Irrevocable Direction Regarding Presentation of Offers in Real Estate
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 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 cover the definition of a bully offer, the importance of communication between selling and listing agents, instances where this new policy can benefit or hinder those involved, loopholes that Realtors can find to bend the rules, the issue of who will enforce these new initiatives, and the upcoming cooling-off period starting in January. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
33 minutes | Oct 27, 2022
Bank of Canada October Policy Interest Rate 0.5% Increase
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 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 time to upsize and predictions for the future. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
17 minutes | Oct 19, 2022
Is 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 hope to get out of an inspection for your specific property, the benefits of thermal imaging, the importance of referrals when hiring an inspector, and understanding that inspections are an assessment as of today and cannot predict the future. 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: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
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