Market Shift: Analyzing the Impact of the Bank of Canada's Rate Cut on Real Estate
08/01/24 • 25 min
The real estate market in Vancouver is showing signs of revival following a recent rate cut by the Bank of Canada, which has made borrowing more affordable for potential buyers. With expectations of more rate cuts incoming, experts anticipate further boosts in market activity and home sales in the coming months.
James and Denny offer their personal insights on how the recent rate cuts have impacted Vancouver's real estate market, highlighting which cities have been affected the most.
This episode will focus on the Bank of Canada rate cuts, more rate cuts in the future, longer days on market for properties, the current state of new construction, selling and buying recreational properties, and future predictions.
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
The real estate market in Vancouver is showing signs of revival following a recent rate cut by the Bank of Canada, which has made borrowing more affordable for potential buyers. With expectations of more rate cuts incoming, experts anticipate further boosts in market activity and home sales in the coming months.
James and Denny offer their personal insights on how the recent rate cuts have impacted Vancouver's real estate market, highlighting which cities have been affected the most.
This episode will focus on the Bank of Canada rate cuts, more rate cuts in the future, longer days on market for properties, the current state of new construction, selling and buying recreational properties, and future predictions.
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
Previous Episode
Unlocking Urban Growth: Small-Scale Multi-Unit Housing and Zoning Bylaw Changes in Vancouver
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 and what they mean, small-scale multi-unit housing, floor space ratio changes, Transit-oriented development areas, and how this will help with density.
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
Next Episode
Decoding BC's New Zoning Changes: What They Mean for You
To tackle the housing crisis, the Province implemented a series of legislative changes in the fall of 2023 with Bills 44 and 47. These changes permit small-scale multi-unit housing and increase density in transit-oriented development areas, ensuring more people can access homes within their familiar communities.
James and Denny go over the new changes and discuss how they will affect different communities across the Lower Mainland in varying ways.
This episode will focus on housing density and plans to address the issue, certain cities asking for exclusions, 3-4 plexes on single-family home lots, skytrain/ transit proximity rules, bringing density to Shaugnessy and West Van, changing floor space ratios, and future predictions.
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
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