Real Estate Realities: Handling Tough News
Selling Vancouver Real Estate Podcast
Release Date: 10/24/2024
Buyer Hopes, Seller Nerves: Difficult Conversations With Both Sides of the Deal
Selling Vancouver Real Estate Podcast
The shifting buyers’ market is rewriting Vancouver real estate playbooks, demanding frank conversations that sometimes include tough truths on pricing and timelines. This episode unpacks how to deliver bad news gracefully while setting rock-solid expectations that keep both buyers and sellers confident and on track. James and Denny share real-life conversations with clients and discuss how important it is to set expectations early on. This episode will focus on tough conversations with buyers and sellers, delivering bad news, setting expectations, buyers taking their time, people...
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Market Update June: Hold That Rate! Why the BoC Pause Could Upend Vancouver’s Slumbering Market
Selling Vancouver Real Estate Podcast
Metro Vancouver is experiencing a deceptively quiet spring with inventory climbing even as the Bank of Canada holds rates steady. We unpack how that rising supply and the new GST changes could reshape strategies for buyers, sellers, and investors alike. James and Denny discuss how they’re navigating today’s buyer-seller dynamics and the real-world scenarios unfolding in the market. This episode will focus on the Bank of Canada rate hold decision, climbing inventories, low sales volume across all markets, first-time buyers' GST changes, economic woes, tough time to list, great time for...
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Presale Panic: Inside Vancouver’s Imploding Condo Market
Selling Vancouver Real Estate Podcast
Vancouver’s condo market is reeling as presale buyers face steep losses, with completed units reselling for less than their launch prices. Analysts warn that the wave of cancellations, investor fatigue, and rising carrying costs has turned once-sure-thing presales into a cautionary tale of condo crisis and buyer pain. James and Denny dive into Vancouver’s condo crisis, spotlighting painful presale contracts and Brentwood towers now trading below their launch prices. This episode will focus on pre-sale condo pain, Vancouver and Toronto condo collapse, selling less than presale, buyers...
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Market Update April: Bank of Canada Rate Hold & the Spring Market Situation
Selling Vancouver Real Estate Podcast
The Bank of Canada has kept its benchmark interest rate steady at 2.75%, putting a pause on a streak of seven straight cuts. In its Wednesday announcement, the Bank acknowledged a significant slowdown in the Canadian economy but opted to hold the rate as it awaits more clarity on U.S. trade policy and the broader effects of tariffs. James and Denny share their on-the-ground insights as Vancouver realtors, highlighting what they’re seeing in this spring market. This episode will focus on the Bank of Canada's recent rate hold, more rate cuts this year, fixed rates going up, variable vs fixed...
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The Truth About Vancouver Real Estate: Is It Still Worth Your Money?
Selling Vancouver Real Estate Podcast
Thinking about jumping into real estate? In this episode, we discuss whether investing in Vancouver real estate still makes sense today, explore different property types, and discuss long-term appreciation in a market everyone’s watching. James and Denny discuss whether it’s still worth investing in the Vancouver real estate market, diving into current trends and popular investment property types. This episode will focus on investing in Vancouver real estate and if it's still worth it, different property types and their popularity, is positive cash flow possible, being in a buyers market,...
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Multiple Offers Making a Comeback? Not So Fast!
Selling Vancouver Real Estate Podcast
The real estate market has yet to gain the momentum many expected, with buyer demand remaining sluggish despite seasonal trends. However, some properties are still holding at peak pricing and even attracting multiple offers. James and Denny discuss the types of properties receiving multiple offers despite the overall slow real estate market in the Lower Mainland. This episode will focus on the low activity in the real estate market, being prepared for multiple offers, predictions for the spring, lot's of uncertainty, high end properties really struggling, condos not moving fast, developers...
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Bank of Canada Cuts Rates Again! How Tariffs & Elections Could Change Everything
Selling Vancouver Real Estate Podcast
The Bank of Canada has implemented its seventh consecutive rate cut, continuing its aggressive push to stimulate economic growth amid slowing inflation and global uncertainty. This latest reduction signals ongoing concerns about consumer spending, business investment, and the broader impact of tariffs and upcoming elections on the Canadian economy. James and Denny share what they are currently seeing in the Vancouver real estate market, including how the rate cut is impacting home prices, buyer activity, and market sentiment. This episode will focus on the rate cut effects on the Lower...
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Vancouver Flip or Flop: Can You Really Profit in Real Estate?
Selling Vancouver Real Estate Podcast
Flipping homes in British Columbia can be a lucrative venture, but with rising costs, market fluctuations, and strict taxation rules, is it still worth it? In this episode, we break down the realities of house flipping in BC, the taxes that can eat into your profits, and whether investors can still make money in today’s market. James and Denny share their personal experiences flipping homes and discuss their insights into the current market. This episode will focus on the flipping game in the Lower Mainland, flipping taxes and how they work, expensive materials and labor making things hard,...
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Market Update February: Vancouver Real Estate Amid Tariffs, Density Shifts & Election Uncertainty
Selling Vancouver Real Estate Podcast
With upcoming federal elections, the threat of Trump's tariffs, and constant density changes, the Vancouver real estate market is shrouded in uncertainty. It’s hard to predict what the future holds as these dynamic factors continue to influence market trends. James and Denny offer their insights into the current state of Vancouver's real estate market. They also discuss how shifts in density may influence home prices across the city. This episode will focus on the current state of real estate in Vancouver, density changes and the effects, upcoming federal elections, potential Trump tariffs...
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Understanding the Bank of Canada's Interest Rate Decision
Selling Vancouver Real Estate Podcast
The Bank of Canada (BoC) has lowered its key interest rate by a quarter of a percentage point to 3%. This marks the sixth consecutive cut since June, bringing the benchmark rate down by a total of 200 basis points from its peak of 5% in July 2023. James and Denny share what they see in today's real estate market and how these rate cuts affect everyday sales. This episode will focus on the BoC's most recent rate cut, predictions for future cuts, effects on the real estate market, 5-year fixed vs variable rate comparisons, home sales volume increasing, certain housing products will keep...
info_outlineManaging difficult conversations with real estate clients effectively is key to maintaining strong relationships. Staying informed about current market conditions and the factors that can cause deals to fall through is crucial for navigating these situations.
James and Denny discuss how they handle delivering bad news, emphasizing the critical importance of open communication between realtors and clients.
This episode will focus on collapsed deals in real estate, the importance of always understanding the current market conditions, inspection items, people walking out of deals, due diligence during slower times, and less certain buyers, communication is everything.
Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel
Email us at [email protected]
James Garbutt
[email protected]
Instagram: /jamesgarbutt
Facebook: /jamesgarbutt
Denny Dumas
[email protected]
Instagram: /denny.dumas
Facebook: /denny.dumas.5
Garbutt + Dumas Real Estate
Instagram: /gdrealestateteam
Facebook: /gdrealestateteam
Website: garbuttdumas.ca