Timeline:

GARBUTT + DUMAS REAL ESTATE TEAM
630 Fifth St
New Westminster, BC, V3M 2X9
604.805.3115
info@gdrealestate.ca




James Garbutt

How To Support Local Businesses during COVID-19

Now is the time to step up and support your local businesses! Covid-19 has affected thousands of New Westminster businesses and we can have a huge impact by helping them out. Consider purchasing a gift card from your favourite local restaurant, hair dresser, shop online for clothing, use contact-less pickup from a local pet store or order some girl guide cookies online!

James and Denny visited local New West businesses Bruncheria and Mila & Paige and asked them how this pandemic is affecting their business, what they are doing to adapt and how we can help. Watch the video below to find out!

**Video from March 16th, 2020

Our friends over at Sweet Legs New Westminster have started to compile a list of other local New West businesses we can support. Here it is:

  1. Sweet Legs New Westminster
  2. Origins Chocolate Bar
  3.  New West Music ⁣
  4. Another Beer Co
  5. Steel & Oak Brewing Co. ⁣
  6. Bruncheria
  7. Mila & Paige ⁣
  8. Vancouver Fashion Truck ⁣
  9. Good Omen
  10. Mindful Mutts ⁣
  11. Royal City Donuts
  12. Bosley’s by Pet Valu ⁣
  13. Unfurl Wellness ⁣
  14. Keenan Family Farms ⁣
  15. Kurt’s Tupperware ⁣
  16. Rocky Point Ice Cream ⁣
  17. Ca Croustille ⁣
  18. Hoochy ‘Booch Kombucha
  19. Your local Girl Guides
  20. Press Start Video Games
  21. Harmony Laser & Skincare
  22. IMPACT Parkinson’s Centre (selling hand sanitizer and raffle tickets to help save the centre which is also rented out by ZHOOSH Fitness Boxing & Kickboxing and Queens City Boxing
  23. Great Wall Tea Co.
  24. Zoom Hair Studio
  25. Pacific Breeze Winery
  26. The Refill Stop
  27. Pharmasave Columbia Square
  28. Old Crow Coffee Co.
  29. T&N Games
  30. The EyeSite New Westminster
  31. Bunches & blooms (offering contactless pickup)
  32. Piva
  33. El Santo 
  34. Alliance Motor Cars
  35. Cartwright Jewelers Ltd.

Lets continue to grow this list! If you own a business in New West or know of one that is offering online options, contact-less pick-up or delivery, we would love to add it to our list. Please send us an e-mail to info@gdrealestate.ca or message us on Facebook or Instagram!

COVID-19 – G+D Podcast

 

Listen to the Garbutt+Dumas Real Estate Podcast (bottom of page) to learn about how COVID-19 may affect the Real Estate prices and the market in general. If you own or are looking to buy, or if you are looking for information on how Covid-19 will impact real estate then this episode is for you.

COVID-19 

We at the Garbutt + Dumas Real Estate Team understand the current confusion and concern that a lot of our clients are experiencing regarding the COVID-19 virus over the past couple weeks. We have been constantly keeping up to date with the progression of the virus and with the recommendations of the Health Minister of Canada, and wanted to keep our clients, colleagues, friends and families aware of how we will be proceeding over the coming weeks. We are taking their recommendations very seriously and that our position on how to operate moving forward has not come without a great deal of thought.  The health and safety of the people in the communities where we live and work is very important to us.

CLIENTS

Supporting our clients during this time is our primary focus and concern. We understand that some clients are caught in the middle of this situation, and are actively buying or selling as we speak.   To our clients, know that we are here and will continue to support you during this uncertain time. Fortunately, our industry is heavily online with photos, videos, strata documents, electronic signatures, etc.

PROPERTY SHOWINGS

At this current time, property showings are still permitted, and in other areas (such as Ontario, no official news for BC) real estate has been deemed an essential service.  For buyers and sellers we will assess each client’s situation individually, but note that we can still show properties and will use extreme caution when doing so. We will be as cautious as possible, we will adhere to social-distancing requirements, and we will be avoiding any unnecessary contact with others.

OPEN HOUSES

Given the situation in our province, the Real Estate Board has advised all members to refrain from holding open houses and adhere to the most up-to-date social-distancing requirements from our government and public health officials.  We feel it is important to follow these recommendations, and have elected to replace all open houses with pre-screened showings by appointment for those that must buy or sell during this time.

Please view the best practices for Real Estate professionals and Consumers on the BC Real Estate Council website here and view recommendations for realtors on how to proceed through this time and precautions to take here.

THE PROCESS

There are a lot of moving parts in real estate transactions: photographers, videographers, home inspectors, appraisers, mortgage brokers/mortgage representatives. We ask your patience throughout your real estate transaction as it may take longer than normal to have these professionals scheduled.

STAYING INFORMED

It’s very possible that situation could affect our real estate market, but in what manner and to what extent, only time will tell. Prior to COVID 19, the 2020 market was upward trending and very active.  We are committed to staying informed on the current situation (COVID-19, real estate market trends, the financial crisis, and interest rates) and hope to share this with you to help make informed decisions.

REACH OUT!

If you have any concerns, we would love to talk.  Please reach out to us in the next few days to discuss your specific situation and we can help put a plan into place.

Thank you for your continued support!

SOLD 220 Durham St. in 2 weeks with multiple offers!

Buyer confidence is back and the market is picking up! 

We are coming off a very interesting and abnormal year in Greater Vancouver Real Estate.  Last year started off very slow! In March the headlines read ‘Vancouver home sales hit 33 year low!’  However, as the year progressed, buyer activity increased. July was the turning point where sales started outperforming the previous year and we finished the year off very strong with home sales in December up 88% compared to 2019 and above the 10 year average. 

We expect a busy year ahead and a significant increase in single family home sales.  It’s early in the year, but so far we have experienced more multiple offers and quicker sales. 

What does this mean for your home?

Inventory is low to start the year and there are lots of buyers looking to make the jump from strata to single family in New Westminster! Our recent sale at 220 Durham St, at the end of January, received 4 offers in 2 weeks on market and sold full price subject free! 

Contact us to see what your home is worth today!

January 2020 Market Update

January 2020 Market Update

2019 was a very interesting (and abnormal) year in Greater Vancouver real estate. Typically we see the strongest market activity in the spring, but in 2019 we were off to a slow start, and the sales activity improved as the year went on. In March the headlines read ‘Vancouver home sales hit 33 year low!’, and by December home sales were up 88% compared to December 2018, and 9.5% above the 10 year December average.  Buyer confidence was the main factor.  In the first quarter, many prospective buyers were holding off and waiting to see if prices would continue to fall due to changes in the mortgage stress test and new taxes. However, confidence started to return in the summer, and we saw above average sales in the fall 2019.

It feels like the market bottom is behind us and we’re no longer seeing downward pressure on prices.  For all property types, the sales-to-active listings ratio for December 2019 is 23.4 per cent. By property type, the ratio is 15.2% for detached homes, 25.7% for townhomes, and 32.5% for apartments.  Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12% for a sustained period, while home prices often experience upward pressure when it surpasses 20%.

Averages tell a general market story, but there are many markets within Greater Vancouver.  We’re seeing differences amongst cities, product types and price points.  Luxury real estate continues to struggle and experience a buyers market, whereas entry level condos are experiencing bidding wars and seller’s market conditions. Based on these recent trends, we expect the stronger sales in the lower price points to trickle up to higher price points over the coming months. Since the financial markets are up, mortgage rates are low and buyer confidence is back, our expectation is that market activity will continue to strength over the coming months.  Expect more bidding wars for entry price point houses, condos and townhouses. As for the luxury market, expect sales to increase, but it will likely take a few years for it to catch up to 2016/2017 pre-foreign tax levels.

#POMOLIFE: EPISODE 4 – U-BICYCLE TOUR THROUGH NEWPORT

PORT MOODY! THE U-BICYCLE TOUR… DOES MONICA SURVIVE THE SKATE PARK?  FIND OUT BELOW!

We have passed by these U-bicycle stations all over Port Moody and finally decided to give it a go! Quick app download and we were on our way. Yes, we wore our helmets #safteyfirst!

Port Moody is surprisingly rideable, even for someone that hasn’t ridden in a hot minute. Guys, if you haven’t tried this you are missing out. We made it to Moody Ales from Newport Village in 8 minutes on our “Lunch Break”!

 

 

Spring 2019 Market Update

Surprise surprise… It’s slow. In terms of units sold, statistically the month of March was the slowest it’s been in 33 years! However, don’t let the media headlines fool you, it’s not that bad for all property types. It may be a ‘Buyers Market’, particularly for luxury homes, fixer uppers and land value, but many entry level homes, condos and desirable areas are experiencing more of a ‘Balanced Market’, we have even experienced a few bidding wars. Check out this video to learn more about our thoughts on the 2019 Spring Market.

 

 

 

 

#POMOLIFE: EPISODE 3 – ESPRESSO, ESPRESSO & MORE ESPRESSO!

#PoMo Life – The Espresso Contest! Which espresso will be named the best espresso in all of Port Moody?!

On this episode Lucas & Monica tried a bazillion espressos from all of their fav local coffee shops in #PortMoody. They tired out The Beanery in Coquitlam (*they found out this is actually not in Port Moody), Black Sugar Coffee, Cafe Divano, JJ Beans & Romers.

Did you guys know the proper way to drink espresso was by pouring it directly in to your mouths however you see fit? Well now you do. You’re welcome.

Watch below & make sure to check back next week for our next episode of #PoMoLife.

There is a lot going on in our city, Port Moody and we are going to highlight new and old businesses AND events! We have some serious ground to cover and we are open to requests! If there is a new spot that you haven’t tried, let us know.

 

 

 

#PoMoLife: Episode 2 – Gabi & Jules

#PoMoLife – A Visit to Gabi & Jules in Port Moody

This time we stopped by Lucas’s favourite sweets spot Gabi & Jules. There were so many delicious choices! One of the things we love most about Port Moody is the culture. Kindness and Inclusiveness is a major theme in this town and Gabi and Jules is helping set the tone. If supporting good, honest businesses gives you the warm fuzzies treat yourself to a pre-Easter treat this week!

Lucas & Monica enjoy a pie eating contest during this weeks episode! Find out who wins & who cheats… only 30 seconds to finish their pie… and GO!

Watch below & make sure to check back next week or our next episode of #PoMoLife.

There is a lot going on in our city, Port Moody and we are going to highlight new and old businesses AND events! We have some serious ground to cover and we are open to requests! If there is a new spot that you haven’t tried, let us know.

 

#PoMoLife: Episode 1 – Port Moody Refillery

Introducing PoMo Life with Lucas and Monica!

There is a lot going on in our city, Port Moody and we are going to highlight new and old businesses AND events! We have some serious ground to cover and we are open to requests! If there is a new spot that you haven’t tried, let us know. We’ll make Lucas try it if it’s questionable, otherwise we are totally in this together. We will be posting a new episode every week! We hope you enjoy.

Who’s up first? PORT MOODY REFILLERY #PoMoLife

The Port Moody Refillery provides environmentally friendly, locally produced soaps & cleaners for your body and home. Owners, Teresa and Julie believe that there is a desire in the community to move towards a more sustainable lifestyle. Not having access to bulk and package-free cleaning products motivated Teresa and Julie to bring a refill shop closer to home! Reuse your containers + reduce single use plastics! To learn more about their business visit their website or go say hi at 229A Newport Drive (inside Tea & Paper Nook), Port Moody. We loved what they had to offer & we will be back soon!

They are on social media! Give them a follow on Instagram & Facebook 

 

 

FREE Real Estate Seminar – Buying & Selling in The Current Market

FREE REAL ESTATE SEMINAR!

Adam and Shawn are back hosting another Real Estate Seminar. This event will be held on April 4th at Old Crow Coffee Co in New West from 7:00-8:00 pm and we will have coffee/tea available for all attendees!

At this Seminar, we are going to be having a general open conversation where we can address any and all of your questions!

Eventually we will take you through a 5-10 minute presentation to show you the current state of the market for seller/buyers, but overall, we want to achieve an open discussion to make sure that you get all of your questions covered and have you leave with the knowledge/education that you came for.

This event is open to all types including those who’s next transaction will happen right away or in the future. This will be beneficial for both buyers and sellers and we will provide information on both condos and homes.

RSVP is required for the event so that we can plan accordingly. Send us a message on social media, an email to info@gdrealestate.ca, or sign up on eventbrite to let us know that you’re attending and who you’re bringing, and we’ll save you a spot!

Limited tickets available! SIGN UP HERE! 

Vancouver Real Estate Stats

VANCOUVER REAL ESTATE STATS – MARCH 2019

Vancouver, BC is one of the most beautiful places to live in Canada, but it comes at a high price. The average price for Vancouver Real Estate in 2019 is $1,019,600, which is 4.5% lower compared to 2018.

It is expensive to own a home in Vancouver, but it is also expensive to rent. The average 1 bedroom apartment price increased by 6.5% from 2018, which is the second highest rental price in Canada, right below Toronto.  Burnaby ‘s 1 bedroom rentals increased by 9.8%, which is the third highest in Canada.

Below is some more Vancouver real estate stats: 

Vancouver Real Estate Stats 2019

ST. PATRICK’S DAY CONTEST!

ST. PATRICK’S DAY CONTEST!

POT OF GOLD GRAND PRIZE VALUED AT $200, plus more prizes to be won!!
 
CONTEST DETAILS 👇🤞

1) Take a photo of your BEST ST. PATRICKS DAY DRINK and/or BEST ST. PATRICK’S DAY ATTIRE!

2) Tag us or DM us the photo on facebook or instagram or twitter 
👇🏻👇🏻👇🏻
 
1 Prize for BEST DRINK
1 Prize for BEST DRESSED
OVERALL BEST WINS THE POT OF GOLD!
 
The winners will be announced on Monday, March 18th! 
May the luck of the Irish be with ye!
 
🍀 Want to increase your luck? 

🌈 EXTRA ENTRY – LIKE OUR FACEBOOK ACCOUNT 

🌈 EXTRA ENTRY – LIKE OUR INSTAGRAM ACCOUNT

🌈 EXTRA ENTRY – SUBSCRIBE TO OUR NEWSLETTER 

Let the shenanigans begin…

 

AND THE WINNER’S ARE: