As 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, what they mean, small-scale multi-unit housing, floor space ratio changes, Transit-oriented development areas, and how this will help with density.  Watch and listen to the Garbutt+Dumas Real Estate Podcast below and follow us on Spotify ..read more

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 ..read more

#2101 4488 Juneau Street, Burnaby Spanning the Full Width of the Building! WIth views from every room! Welcome to an exceptional listing in Burnaby’s vibrant Brentwood neighborhood—this one-of-a-kind Sub-Penthouse at Bordeaux, developed by the award-winning Solterra, offers unmatched luxury and convenience. Spanning the entire west side of the residence, this stunning home features breathtaking views from every room, nearly 900 sq. ft. of outdoor space across two expansive patios, and top-of-the-line amenities. Key Features Location: 2101 4488 Juneau St, Burnaby Configuration: 2 Bed + De ..read more

Exploring the market and 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. Watch and listen to the Garbutt+Dumas Real E ..read more

As 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 in Vancouver, sa ..read more

On 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 ..read more

Introduction In the heart of Brentwood Burnaby, a significant transformation is on the horizon for the Brentwood Park neighbourhood, a change that is stirring a mixture of concern, activism, and calls for public engagement among its residents. Recent legislative changes, particularly the introduction of Bill 44 (SSMU Policy) and Bill 47 (Transit Oriented Development Area Policy), have sparked a heated debate about the future of this beloved community. In this post, we’ll explore the crux of the concerns voiced by Brentwood Park homeowners, the implications of these legislative changes, and the ..read more

Unlocking 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.  Watch and listen to the Garbutt+Dumas Real Estate Podcast below a ..read more

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 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 densi ..read more

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. 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.  ..read more