2020 Greater Vancouver Housing Market Recap, and What to Expect in 2021

James and Denny discuss what they have seen in real estate during 2020 and make predictions for what they believe will happen in 2021. Let’s get ready for the great migration!

Top trends and predictions we expect to see in 2021:

  • Buyers wanting more space!
  • Townhouses and Detached Houses will be hot!
  • People moving outside of Vancouver to smaller cities and suburbs.
  • Cities like: Port Moody, North Vancouver, Tsawwassen, Squamish, Maple Ridge & Langley will see record high prices and sales activity.
  • Up-sizers (due to low interest rates) and down-sizers (due to high prices) will be very active!
  • More investors will be coming back.
  • Condos will increase in prices (but less than houses and Townhouses).
Detached Homes in East Vancouver, North Vancouver, Tsawwassen and Langley are going to see all time high prices. Places like Burnaby will not see all time high prices. Beautiful townhomes and condos will see a 10-20% increase this year.
HSBC just announced a 0.99 rate. This may force other big banks like RBC, TD and Scotia Bank to be slightly competitive.
There has been an increase in population growth on the island and sunshine coast in the last 6-12 months.There will be a lot of people making lifestyle choices that want to own homes, and that movement will keep the market insanely active for the next couple of years.
What is one thing you want to say about 2021 predictions you haven’t said yet: Buy a house now or you may never own one.

This episode will focus on the uncertainty within the industry when COVID-19 first hit BC, low-interest rates and increasing taxes, the upsizing trend, bidding wars, the popularity of condos and townhouses, and the growing appeal of moving out of the city and into the surrounding areas. Watch the full episode here.

Watch and listen to the Garbutt+Dumas Real Estate Podcast below and follow us on SpotifyiTunes & Youtube.

Support Your Local Small Business!

We know it’s been a tough time for small businesses everywhere, but we are so proud of our community for their resilience and how they’ve adapted! We gave some of our favourite local businesses a call to see how they’re doing and we asked them how they have adapted to the social distancing regulations. Watch the video below to meet the incredible people behind these local businesses!

James spoke with Jordan Foss over at Steel & Oak. They have adapted by offering online ordering and home delivery service. You can order online here.

Denny spoke with Evan Moore over at Fit First Footwear. They have adapted by offering virtual shoe fittings. Schedule a zoom call to set up your own virtual fitting here.

Monica spoke with Riley Ableman at the St. James Well. You can still support them by ordering online for pick up or delivery! Order your next dinner here.

Adam spoke with Daniel English at Driftwood Athletics. Get in that home workout with one of their online crossfit classes. Contact them through their instagram page or check out their website here.

Lucas spoke with Amanda at Wow1day Painting. They are now offering free live virtual consultations! If you have any painting questions give them a call or visit their website here.

Make sure to support local and and if you check out one of these awesome businesses tell them we say hello!

 

How To Get Rid Of Unwanted Furniture And Junk

Getting a new home means you’re going to be moving. We’ve got some moving tips that will help make moving day easier and more enjoyable before the pizza and beer arrive.

Moving can be a stressful time especially if you’re packing and organizing your belongings in addition to working. One of the most stressful, and sometimes expensive, tasks are getting rid of unwanted items and large furniture.

To avoid some of the headaches we have compiled a list of the ‘go- to’ organizations and companies that will accept your donations, as well as some tips to help you sell your unwanted items.

Do you have a great company or organization that has helped you out, but isn’t on our list? Let us know.

MOVING TIPS TO SELL YOUR STUFF

The best ways to sell your items is an online website like CraigslistKijiji, or Ebay.

• Make sure to include a brief description & photos of the items. That will eliminate e-mails or calls from prospective buyers wanting more info or pictures.
• Add ‘OBO’ (Or Best Offer) if you are flexible on the price.
• Update your post daily (if possible) to keep your ad current. Don’t forget to take it down once your items are sold
• Beware of scammers!! Especially on Ebay. Always be careful opening attachments. If you think something smells fishy… it probably is.

MOVING TIPS TO GIVE AWAY YOUR STUFF

Donating or giving away your free items can be quite painless. But ridding yourself of larger items can be a challenge.
Fortunately, one person’s clutter is someone else’s treasure or an organization’s need.
Here are some great companies and organizations that will take your unwanted items (in good condition) whether by drop-off or home pick-up!

Click on the company logo for their website.

 Big Brothers of Greater Vancouver will provide pick-up service which you can book online. They also have convenient drop-off bins around the Lower Mainland. You can also book a pick-up online. Click here for items they accept.

 

 

 Developmental Disabilities Association accepts items like clothing, books, small housewares and bottles. They operate a number of donation bins around Metro Vancouver, and you can also book a pick-up online.

 

 

 Aunt Leah’s Place helps kids transitioning out of foster care and young mothers. They accept small apartment sized furniture, home decor, accessories, jewelry, and clothing. Donations go to support individuals and they also operate an Urban Thrift Boutique at 177 East Broadway in Vancouver. For information to donate, click on their donation guide.

 

 

 The Canadian Diabetes Association operates a Clothesline donation program that accepts gently used clothing and footwear as well as small household items and electronics. Click here for all the information you need to be able to make a donation or schedule a pick-up.

 

Monarch Place is a local transition house for abused women and families. They are often in need of gently used clothing for women and children, bedding and linens, kitchen utensils and small appliances.  Click here for more information on how to help.

 

 

Champagne Taste is the go-to furniture consignment store in Metro Vancouver. They are located on the corner of 11th St and Royal Avenue in New Westminster. They were the winners of 2010 Best Consignment Store and Best Customer Service so you know the ladies know their furniture.  For all the information on consigning, what they accept, and how to start click here.

 

 

 


The Salvation Army has convenient drop bins and thrift stores where you can donate clothing, household items, even furniture. They also offer a pick-up service.  For accepted items click here.

 

 

The Treasure Chest is a great local thrift store located in New Westminster. All donation revenue goes to the Canadian Mental Health Association. For more info and how to donate click here.

 

 

 

BASES Family Thrift Store BASES is a new thrift store in Burnaby that assists at-risk children and families in the Edmonds area. Proceeds from the thrift store will go towards programs at area schools such as breakfast and after-school programs, sports, music, arts and summer camps. They accept donations of clothing, household goods, countertop appliances and small furniture items, which can be dropped off at 7825 Edmonds St.

 

MOVING TIPS TO RECYCLE YOUR STUFF

Of course, not everything can be donated or is even worth donating. That’s where recyclers can help.

Metro Vancouver has a great site that allows you to input in the items/material you need to recycle and your location to provide you with a custom solution.

 

 

 

Getting rid of an old mattress can be difficult. This Richmond company will break your mattress down and recycle up to 90 per cent of its components.  Mattresses and box springs must be dropped off. They are located at 11571 Twigg Place. Click here for their current prices.

 

Canadian Mattress Recycling is based out of Annacis Island in Delta. They recycle mattresses, box springs, and metal bed frames as well as furniture like couches, armchairs and desk chairs. Items can be dropped off at #140-715 Eaton Way. Or pickup can be booked online.

 

The City of Burnaby offers a curb side pick up service for residents looking to dispose of large furniture items and appliances. The city also operates a large eco-centre for recyclables like scrap metal, plastics, cardboard boxes, paint, and batteries.

 

MOVING TIPS TO TAKE YOUR STUFF TO LANDFILLS

Vancouver Landfill rates and information

Metro Vancouver transfer stations/landfills.

Episode #14 – COVID19’s Current Effects on Residential Financing

COVID-19 is affecting all aspects of life, so what exactly is it doing to the residential financing world? Alex McFadyen from Thrive Mortgage CO and the YVR REMO Show joins James and Denny to talk about how this pandemic is affecting mortgages and how to government plans to help. This episode will focus on BC mortgages, prime rate changes, fixed rates vs variables, renewals, renter situations, how people are reacting and what may happen in the near future.

Watch and listen to the Garbutt+Dumas Real Estate Podcast below and follow us on Spotify, iTunes & Youtube.

Episode #13 – COVID19 Current Effects on the Local Real Estate Market

As Vancouver settles into accepting social distancing and staying at home as the current norm, the real estate industry moves along but with some changes. James and Denny share how COVID-19 has affected their day-to-day lives and how they have adapted to keep the team going. If you have any interests in current real estate dealings, local market activity, real estate financials or ways of developing your business in the downtime please give us a listen!

Watch and listen to the Garbutt+Dumas Real Estate Podcast below and follow us on Spotify, iTunes & Youtube.

Episode #12 – Dealing with Multiple Offers: Sellers Perspective

In a busy Vancouver market dealing with multiple offers on a property is common. In a seller’s world, this can be a great situation to be in. James and Denny share their process of how they work with sellers to get the most out of a multiple offer situation. If you want to learn more about multiple offers, market exposure, seller paperwork, offer presentations and client-realtor open communication.

Watch and listen to the Garbutt+Dumas Real Estate Podcast below and follow us on Spotify, iTunes & Youtube.

Episode #11 – Step by Step Guide to Buying a Detached Home

Buying a detached home will most likely be the largest purchase of your life so knowing what to look for can make a world of difference. James and Denny go through their 10 steps that cover all aspects of buying a home. If you are thinking of buying a detached home this episode will cover finding out how much you can afford, appraisals, site surveys, questions to ask the city, home inspections and contracts.

Watch and listen to the Garbutt+Dumas Real Estate Podcast below and follow us on Spotify, iTunes & Youtube.

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!

Episode #9 – Dealing with Multiple Offers: Buyers Perspective

As the Vancouver markets starts to heat up, multiple offers become the norm and can be very frustrating especially for those looking to buy. James and Denny share how they approach multiple offer situations and what they look for in hot real estate markets. If you are a buyer in a multiple offer situation this episode will provide information on how to gain an advantage and land the property in a bidding war.

Watch and listen to the Garbutt+Dumas Real Estate Podcast below and follow us on Spotify, iTunes & Youtube.

Episode #8 – BC Condo Insurance Crisis

Strata Condos and townhomes in British Columbia are on the verge of an insurance crisis due to rising premiums. Increased number of claims, construction costs and climate change have all contributed to these increases. James and Denny give their take on the situation and discuss how much you can expect your strata fees to increase, what to be aware of when buying into strata and potential government intervention.

Watch and listen to the Garbutt+Dumas Real Estate Podcast below and follow us on Spotify, iTunes & Youtube.