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

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 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 rental ..read more

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 focus on recent real estate policy changes aimed to combat the high prices of homes, 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 means.&nbs ..read more

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 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 ..read more

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 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 p ..read more