Open House - The Real Estate & Mortgage Show

Highlights From Recent Episodes

Check out our Youtube channel for videos of previous episodes. If you’d like to listen to any episodes, visit the podcasts page.

March 28, 2020: Week 3 Of COVID-19: Answering Your Real Estate & Mortgage Related Questions

For the second week in a row, Paul and Frank call-in to Steve at the radio station. To begin the show, the gang talk about the changes they’re making to survive and thrive as a business (0:43) and a listener phones-in to ask the team about the impact of deferring payments on your mortgage during COVID-19 (8:13). After the break, the guys discuss how COVID-19 is affecting movers, home inspections and new home builders (12:13), hits or leniency on credit score and mortgages (14:14), the continuous change in rates (18:41), and the situation between landlords and tenants during COVID-19 (19:58). Then, multiple listener calls-in to ask the gang about whether buyers will buy without walking through homes (22:50), do the Banks ignore the Bank of Canada’s drop in rate (24:53), should you sell your investment property right now (27:50), and will lenders lower the rate or the payment on your home (29:23). To end the show, the gang question whether COVID-19 will affect the stress test in the future (35:12), Paul gives some advice to landlords (37:16), how the market is going to change and may shift markets to a new norm (39:19), and recommendations for real estate and mortgages (41:47).

March 21, 2020: Week 2 Of COVID-19: Affects On Real Estate & Mortgages

Due to the COVID-19 circumstances, Steve is alone in the studio while Frank and Paul are calling from remote locations. The show starts with conversations about how much technology can assist business in mortgages and real estate (1:51), how COVID-19 is affecting listings and the real estate business (3:52), COVID-19 clauses within closings and how this affects lawyers (8:40). After the break, Frank clears up confusion around mortgage deferral payments (13:26), how COVID-19 will affect businesses and rent (18:02), and whether there’ll be breaks on credit card rates (21:00). Then, Paul discusses renovating your home and how to buy and sell homes safely in these times (23:02), the gang talks about the plummet in the stock market (26:35), and how people are revisiting their mortgages due to the potential financial crisis (31:06). To end the show, Paul goes over protocol regarding selling your home during COVID-19 (36:01), and so does Frank (38:24).

March 14, 2020: COVID-19 Affects On Real Estate & The Economy

Frank, Dora and Steve begin the show by talking about the effect COVID-19 is having on the world (2:28), how the Bank of Canada has dropped the rates (5:21), and how COVID-19 will affect the economy and recession (10:00). After the show, Mike from Mortgage Brokers Ottawa calls-in to talk about investing while COVID-19 is in effect (11:44), and Dora then discusses how COVID-19 is affecting real estate (18:43). Then, Paul calls-in to share what he’s up to (21:35), Dora then talks about how the future looks in real estate (24:38), a listener phones-in to ask about whether you should wait on buying an expensive home during a potential recession (25:22) and Frank explains why going 5-year fixed rate is your safe bet (29:52). To finish the show, the gang discuss today’s listings and prices in Ottawa real estate (32:25), and a listener phones-in to ask about clearing up some confusion around interest rates (34:50).

March 7, 2020: How COVID-19 Is Affecting Rates & What Are Bully Offers?

Paul, Steve & Frank start the show by discussing the Bank of Canada’s drop in rates due to COVID-19 (2:23), the madness of today’s Ottawa real estate market (7:53), and the history of homes depreciating (10:52). After the break, the gang talk about the average sales price in Ottawa (12:13), how approvals work in this crazy market (13:41), why realtors shouldn’t be showing homes that are priced at their buyer’s max pre-approval (14:50), two-ways to price a property (17:43), and what bully offers are (19:06). Then, a listener phones-in to ask the guys about why the rates have changed so drastically (22:40), another listener asks about mortgages and paying off their line of credit (27:01), and a third listener questions which property will sell for a higher price, a bungalow or a hi-ranch (33:05). To end the show, the gang discusses the future of the stress test (37:17) and advice for people looking for a house in this market (40:37).

February 29, 2020: Frustrated Buyers & Investing In Real Estate

Paul, Frank and Steve begin their first-ever February 29th show by talking about how we’re so low on listings in Ottawa (0:43), the frustration buyers have due to being forced to pay way over asking (2:38), why you shouldn’t submit offers on two properties at the same time (6:49), today’s Ottawa listing numbers (8:10), and how to deal with price or condition problems as a seller (9:35). After the break, Mike from Mortgage Brokers Ottawa calls-in to talk about the current financial market (10:54) and how real estate is your safest investment (13:10). Then, a listener phones-in to ask about if sweetening a buyer’s offer is or isn’t illegal (22:25), what buyers are going through in this crazy market (25:55), Frank shares news about the stress test (29:52) and Paul shares news about a new Government bill regarding real estate (32:22). To end the show, another listener calls-in to ask about buying before selling your home (34:43).