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.

September 28th, 2024: Future Real Estate & Mortgage Forecast

Paul, Frank and Steve start the show by discussing news around interest rates and the stress test (1:34), real estate forecast (6:42), and how the market is really missing first-time homebuyers and investors (9:44). After the break, the guys converse about predicting the 2025 real estate market and buying habits(14:04) and what mortgage you should get in 2-5 years (19:02). Then, the gang talk about mortgages coming up for renewal before November 21st (23:36), people taking advantage of the elderly (28:09), why people rent HVAC equipment (30:32), and putting a lean on a house (32:44). To end the show, the guys discuss using RSPs to help your kids buy a home (34:51).

September 21st, 2024: New 30-Year Amortization & Insured Mortgages

Paul, Frank and Steve begin the show by conversing about great news in mortgages and real estate (1:15). After the break, a listener phones in to ask about whether a postal code change would impact a mortgage and what’s impacting mortgage rate drops (10:15), the guys talk about Arnprior real estate (16:06) and the new 30-year amortization (16:54). Then, the gang discuss more about 30-year amortization rules as well as how it impacts first-time homebuyers (20:00), and a listener calls in to ask about bridge mortgages vs. home equity lines of credit (29:44). To end the show, the guys converse about new insured mortgage rules (34:42), and Paul shares a story about an act of kindness with Ryan Reynolds (37:44).

September 14th, 2024: Clement Homes Joins The Show!

Paul, Frank and Steve are joined by Nathalie and Charles from Clément Homes and start the show by talking about the business of building homes (0:52), and new builds in Rockland and Embrun (6:13). After the break, the gang converse more about the new build condos in Embrun (10:14), and mortgage rate forecasts (14:34). Then, the gang discuss Clément Homes’ new project (21:31), and why it’s difficult to build homes in Ottawa (29:26). To end the show, the gang shares their final thoughts regarding the new builds in Embrun and Rockland (33:43).

September 7th, 2024: Property Value Assessments & Taxes

Paul, Frank and Steve begin the show by discussing how recent political and economic news is impacting real estate (0:14) and when the best time is to buy a home (7:07). After the break, the gang converse about fixed vs. variable rates (11:08) and banks vs. mortgage brokers (16:09). Then, the guys talk about property value assessments and taxes (22:12) and townhome prices (29:09). To end the show, the gang discussing loyalty in real estate and mortgages (33:00).

August 31st, 2024: How Debt & Credit Cards Are Impacting Potential Buyers

Paul, Frank and Steve start the show by conversing about the next Bank of Canada mortgage drop and how unemployment and immigration impact Canada’s real estate (1:30), as well as the cost of buying a new build outside of Ottawa (9:44) and how the LRT impacts housing prices (10:47). After the break, the gang discuss Clement new build homes (12:21), how debt is impacting potential buyers (16:28), and next rate announcements after September (20:39). Then, the guys talk about the dangers of missing your credit card payments (23:08), first-time homebuyers getting trapped paying rent (25:44), and potential real estate optimism and pessimism  (29:21). To end the show, a listener phones-in to ask about renewing a mortgage (34:55), and the gang converse about the increased longevity of kids living at home (39:49).

August 24th, 2024: New Buyer Agent Rules & How It Could Impact Canadian Agents

Paul, Frank and Steve begin the show by talking about potential August and September real estate numbers (1:47), the definition of an ugly house (5:19), mortgage rate news (7:45), and whether prices will go up in 2025 (11:46). After the break, the guys converse about the importance of hiring an experienced real estate agent (13:47) and variable vs. fixed vs. adjustable mortgages (17:36). Then, the gang discuss the revised job report (22:24), buyer agent rule changes in the US and how it’ll potentially come to Canada (25:21). To end the show, the guys talk about why fewer homeowners are negotiating mortgage rates (35:10).

August 17th, 2024: Heading Into The Fall Real Estate Market

Frank and Steve are joined by Dora from Paul Rushforth Real Estate, and they start the show by discussing today’s real estate market and interest rates (0:51), how a recession impacts real estate (5:37), what a revision audit is (7:18), and elections and politics impact on real estate (9:18). After the break, the gang converse about the fall real estate market (12:17), the potential 30-year amortization (15:58), whether the stress test will be paused and Canadian’s priority on paying their mortgage (17:02). Then, the gang talk about mortgages coming up for renewal (22:13), insured mortgages vs. the banks (26:22), and the difficulty of real estate negotiations (32:58). To end the show, a listener asks a question about whether there will be a reassessment on property taxes (34:18), and the gang discuss how property taxes impact buyers decisions (37:38).

August 10th, 2024: August Real Estate Numbers

Frank and Steve are joined by Jonathan from Paul Rushforth Real Estate, and they begin the show by talking about the signs of a recession (0:51), August real estate numbers and buyer appetite (2:19), as well as the best mortgage options in the future (6:54). After the break, the guys converse about what to expect in a real estate frenzy (11:52), and what to look for in a mortgage when working with a bank (16:29). Then, a listener phones-in to ask about real estate agent fees and the state of Ottawa real estate (22:05). To end the show, the gang discuss the next rate drop (33:26), whether real estate is picking up in 2024 (35:27), and different types of mortgages (37:00).

August 3rd, 2024: More Variety In Ottawa Homes For Sale 

Paul, Frank and Steve start the show by conversing about July and August real estate (1:00), and first-time homebuyer plans for 2025 (4:41). After the break, the guys talk about today’s economy and interest rate news (13:36), rate drop optimism (17:28), and renting vs. buying a home (19:44). Then, the gang discuss new build condos in Embrun (22:12), more variety in homes for sale and whether it’s worth buying a lot of land (29:08). To end the show, the guys converse about interest rate predictions (34:49) and the issue with today’s market (39:09).

July 27th, 2024: Another Drop In Interest Rates

Paul, Frank and Steve begin the show by discussing another quarter-point drop in interest rates (1:45), where the real estate market is headed (3:37), and our current balanced market (7:18). After the break, the guys talk about townhomes vs. single family homes (12:37), first-time homebuyers and investor appetites (16:32), and current deals on specific properties (19:18). Then, the gang converse about fixed vs. variable rates (23:12) and banks convincing people to convert their mortgages (30:05). To end the show, the guys discuss what to expect for the rest of 2024 in Ottawa’s market (36:15) and how elections impact real estate (40:52).

July 20th, 2024: More Rate Drops On The Horizon

Paul, Frank and Steve start the show by talking about consistent rate drops moving forward (2:15), how to time today’s real estate market (5:05), and why you shouldn’t early renew your mortgage now (9:17). After the break, the guys discuss fed up real estate investors (12:02), and what the future holds for interest rates and buyers (17:38). Then, the gang talk about how household income is impacting buying decisions (20:44), the decrease in appetite for single-family homes (24:38), and a listener phones-in to ask about downsizing and the potential cost of townhomes in Ottawa (28:56). To end the show, the guys talk about how long it takes for a home to hit the market (33:50), and the pre-approval process (37:25).

July 13th, 2024: Caller’s Phone In To Ask Their Pressing Questions

Paul, Frank and Steve begin the show by conversing about today’s real estate market (2:29), today’s status on inflation and mortgage rates (6:35), and COVID-19 vs. today’s real estate market (10:32). After the break, David from Mortgage Brokers City calls-in to talk about his golf tournament fundraiser (12:35), and the guys talk about the slowest real estate periods in the year (16:29). Then, a listener phones-in to ask about adding kids on their title and renting it out (19:52) and another caller asks about whether cheap home builds could impact pricing (27:32). To end the show, another listener calls-in to ask about primary residence for someone who lives in a care home and how that impacts capital gains tax (31:29) and the guys discuss whether another rate drop will impact the market and what will need to change to bring first-time homebuyers into the market (33:47).

July 6th, 2024: Today’s Difficulty Of Paying A Downpayment

Frank and Steve are joined by Glenn from Paul Rushforth Real Estate and start the show by getting a call from Paul to give an update (0:32), and the guys talk about the real estate numbers in Canada (6:57). After the break, the gang converse about the type of homes being sold (13:27), how interest rates are impacting buying (17:24), and where interest rates are headed (21:01). Then, the guys discuss how the cost of living is impacting homeowners and future buyers (23:03) and the difficulty of paying a downpayment (29:03). To end the show, the gang talk about buyer’s current mindset (36:49), how the government can help first-time homebuyers (38:30), and what’s delaying first-time homebuyers (41:42).

June 29th, 2024: The Dangerous World Of Real Estate Fraud

Frank and Steve are joined by Paul Royce from Paul Rushforth Real Estate and begin the show by conversing about how future interest rate news and the economy are impacting the real estate market (1:14), current buyer and seller mindsets and what to expect in the 2025 market (5:40). After the break, the guys talk about using AI for realty listings and the consequences of misrepresenting a property (12:58), and the dangerous world of real estate fraud (15:06). Then, the gang discuss popular property types in Ottawa (21:56), parents adding kids to the title of their home (23:50), and current landlord mindsets due to the 2.5% rent increase and tenant power (26:48). To end the show, the guys converse about the appetite of moving to the outskirts (33:26) and fixed vs. variable rates (38:39).

June 22nd, 2024: How To Prepare Your Home As A Seller

Frank and Steve are joined by Jonathan from Paul Rushforth Real Estate and start the show by talking about today’s real estate market and mortgage inquiries (1:30), how another rate drop and job numbers can impact the market (5:06), and new mortgage lender rules (8:29). After the break, the guys converse about first-time homebuyer tips (12:44) and the impact high interest rates have on Canadians (20:54). Then, the gang discuss the importance of selling during the right season (22:42), how to prepare a home for showing (26:24), and the purchase plus improvement program (31:52). To end the show, the guys talk about people buying homes together (35:56), and variable, adjustable or fixed mortgages (39:36).

June 15th, 2024: The Importance Of Status Certificates

Frank and Steve are joined by Dora from Paul Rushforth Real Estate and begin the show by conversing about how the mortgage rate drop changed buyer appetite (1:23), whether the rates will drop again in July (2:58), increasing amortization (8:57), and the Canada vs. US rate difference (10:33). After the break, Sean Reid, a mortgage lender, calls in to talk about the advanced mortgage investment corp (12:28). Then, the gang discuss the importance of status certificates (22:20), and things first-time homebuyers should be looking for in a home  (30:42). To end the show, the gang talk about Canadian’s stress due to mortgage payments as well as bad mortgage advice (35:02), and variable vs. fixed rates (40:16).

June 8th, 2024: Will The Rate Drop Impact The Real Estate Market?

Frank and Steve are joined by Jonathan from Paul Rushforth Real Estate and start the show by conversing about the mortgage rate drop (1:25) and how it’s changing buyer attitudes (7:29). After the break, the guys talk about the US ban on drones and how it impacts real estate photography (10:59), a listener phones-in to ask about capital gains, appraisals and principal residency (12:58), and the gang talk about the vacant unit tax (17:15). Then, another listener calls-in to ask about how a private sale from a rental works (20:25) and the guys discuss buyers sitting on the fence (27:16). To end the show, the gang converse about today’s current listing numbers (33:52), seller expectations (36:15), whether people will want to move up and variable vs. fixed rates (38:51).

June 1st, 2024: Will There Be A Rate Drop This Wednesday?

Frank and Steve are joined by Greg from Paul Rushforth Real Estate and start the show by talking about potential rate drop and how it’ll impact the market (1:17), zero downpayment mortgages in the US (4:32), current homebuyer attitudes and representing your property properly (6:29). After the break, the guys converse about financial literacy for teens and how credit card debt impacts buying a home (9:47), and whether interest rate drops will make the market boom (16:36). Then, the gang discuss some of the errors people make when taking real estate photos (20:31) as well as tips for first-time homebuyers to save money and prepare for pre-approval (24:47). To end the show, the guys converse about millennials in Canada (33:09), 5-year fixed vs. variable (34:48), real estate photo techniques (37:32), and final thoughts on the Wednesday rate announcement (38:43).

May 18th, 2024: Investment Property Rules in Ontario

Frank and Steve are joined by Glenn from Paul Rushforth Real Estate and start the show by talking about today’s real estate numbers, job numbers and interest rates (2:13), status certificates on condos (7:01), and closing costs (10:48). After the break, the guys discuss Regional Mortgage Awards (12:53), what will impact the real estate market (15:23), pre-approvals (19:08), and tips on selling a home (19:50). Then, the gang converse about investment property rules in Ontario (22:19). To end the show, the guys talk about their plans for the long weekend (33:46) and some real estate/mortgage broker events (36:13).

May 11th, 2024: How Will Rate Drops Impact Ottawa’s Real Estate Market?

Frank and Steve are joined by Dora from Paul Rushforth Real Estate and start the show by discussing the job report as well as how it’s impacting mortgage renewals (1:13), parents helping first-time homebuyers (6:54), and today’s listing numbers (8:38). After the break, Sean Reid, a mortgage lender, calls in to talk about the advanced mortgage investment corp (12:43). Then, a listener phones-in to ask about the Government’s focus on affordable home pricing (20:35), and Ottawa’s current real estate situation (28:54). To end the show, the gang converse about how much lower rates need to go to impact the real estate market (34:11) and how reverse mortgages work (39:11).

May 4th, 2024: Tips On Getting A Pre-Approved Mortgage

Frank and Steve are joined by Dora from Paul Rushforth Real Estate and begin the show by talking about economists predicting rate drops and the future Canadian economy (3:20). After the break, the gang converse about April’s real estate numbers and today’s home prices (10:25). Then, the gang discuss tips on getting pre-approved for a mortgage (20:58) and whether older people are selling their homes (31:41). To end the show, the gang talk about using a drone to capture real estate videos (32:42), what impacts people’s buying decisions other than the price (34:05), and the future attitude of first-time homebuyers (36:56).