This episode is a conversation between your host, Alex McFadyen, and Denny Dumas, a seasoned realtor in Greater Vancouver, specializing in New Westminster and the Tri-Cities. Denny shares insights from his 10 years in real estate, assessing trends observed in the industry, mistakes he has made in real estate investing, and his predictions for the market's future. Operating in an era marked by skyrocketing interest rates, significant dips in sales volumes, and uncertainties in the Bank of Canada's monetary policy, Denny offers a measured approach by advocating for personal situation-informed decision-making in real estate investment. Despite these challenges, Denny views real estate as a robust long-term investment and commends increasing consumer interest.
Denny is a co-owner of the "Garbutt & Dumas Real Estate Team" in Metro Vancouver. Aside from being a top tier Realtor, Denny is the host of three podcasts: Selling Vancouver Real Estate Podcast, the Denny Dumas Podcast, and The Seahawks Social Podcast. Look out for those wherever you listen to podcasts.
Denny’s Instagram: @denny.dumas
The Garbutt & Dumas Real Estate Team Instagram: @gdrealestateteam
Garbutt & Dumas Website: www.garbuttdumas.ca
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Timestamps:
00:36 Introduction and Podcast Overview
01:51 The Journey of Podcasting and Real Estate
02:42 The Power of Communication in Real Estate
03:27 The Art of Engaging Conversations
03:49 Introducing Danny Dumas: A Real Estate Expert
04:31 The Current State of the Greater Vancouver Real Estate Market
05:13 The Impact of Market Sentiment on Real Estate
13:49 The Resilience of Greater Vancouver Real Estate
15:58 The Return of Interest in Real Estate Investing
18:59 The Psychology of Real Estate Investing
24:04 Real Estate Investment Journey
24:27 Understanding the Real Estate Market
27:00 Learning from Past Investment Mistakes
27:09 Impact of Interest Rates on Real Estate
31:57 Future Predictions for the Real Estate Market
33:30 Influence of Bank of Canada on Real Estate
36:38 Investment Decisions and Market Predictions
41:56 Psychology of Real Estate
42:19 Closing Remarks and Contact Information
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