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 19, 2020: Trends In Real Estate & Firm Vs. Conditional Offers

Paul, Frank and Steve start the show by conversing about how the increase of COVID-19 numbers will affect business (1:09), the crazy low-interest rates (2:27), more listings on the real estate market (5:25), why condos may go up due to the lack of snowbirds (6:56), why small businesses could be in trouble if we don’t social distance (8:24), and listings month over month (10:49). After the break, the gang discuss trends in real estate (12:37) and the increase in conditional sales vs. firm (15:38). Then, a listener phones-in to ask about whether you should replace or repair a deck when selling a home (18:52) and if you should sell a home “as is” (20:00). The guys continue their conversation about how much a house with issues affect an appraisal (25:56) and if the pandemic has affected how homes are appraised (27:45). To end the show, the gang talk about real estate agent best practices (30:02) and a listener calls-in to ask about how neighbourhood homes and city taxes affect your home’s price (32:45).

September 12, 2020: Tips For First-Time Homebuyers

Paul, Frank and Steve start the show by discussing the present and past real estate numbers (0:54) and Canadian’s with equity and refinancing (6:40). After the break, the gang share tips for first-time homebuyers (10:40), why getting into the real estate market right away is so important (15:59), people moving outside of the city (18:09), and multiple offers going in conditional or firm  (19:41). Then, the guys talk about no frill mortgages (21:51), collateral vs. standard mortgages (24:39), why there should be more disclosure regarding mortgages (26:48), and a listener calls-in to ask about the value of mobile homes (30:25). To end the show, another listener phones-in to ask about losing first-time homebuyer benefits when having a guarantor (35:12) and the gang converse about the last time our real estate market saw a huge drop (37:54).

September 5, 2020: When’s The Best Time To Sell Your Home?

Frank and Steve are joined by Dora from Paul Rushforth Real Estate. They begin the show by talking about the incredibly low-interest rates (2:08), the amazing real estate numbers in August (4:43), the difficulty of managing multiple offers (8:30) and why mortgages are getting larger as well as home equity (9:18). After the break, a listener phones-in to ask about when the best time is to sell a home (13:16). Then, the gang discuss the qualifying rate (20:54), why non-bank lenders are the way to go (23:15), why people are looking for more space in a property (26:02), and why the Buyer Plus Improvements Program should be utilized more (28:56). To end the show, the gang converse about a potential slow down in the real estate market (33:32) and a busy mortgage season (36:17).

August 29, 2020: Week 24 Of COVID-19: Timing Is Everything In Real Estate & Mortgages

Paul, Frank and Steve start the show by discussing the economy numbers for the last quarter and the rise in vacant commercial properties (0:54), a thriving rental market (3:10), why conditional offers are a must (7:19), and how to identify if an approval letter is accurate (9:10). After the break, the gang talk about prices on single detached homes (11:19), why timing is everything when it comes to real estate and mortgages (13:15), how other provinces are doing in real estate (15:15), and will low rates make it easier to be cashflow positive on an investment property (16:13). Then, the gang converse about today’s listing numbers in Ottawa (19:54), condo fees on new builds (21:42), and Ottawa vs. the Toronto real estate market (27:41). To end the show, the guys discuss the increase in parent guarantors (31:49), the difficulty of buying properties under $300,000 (33:55), what the future has in store for the Ottawa real estate market (35:06), and variable vs. fixed rates (36:53).

August 22, 2020: Week 23 Of COVID-19: Mortgage & Real Estate Investments

Paul, Frank and Steve begin the show by talking about how the guys are conducting and transitioning their businesses during COVID-19 (1:16), why we’re seeing more conditional home sales in Ottawa (3:31), why buyers “sort of” have a fighting chance in this market (6:45), and a listener phones-in to ask about what areas are the best to invest in Ottawa (7:52). Then, Mike from Mortgage Brokers Ottawa calls-in to talk about mortgage investment in Ottawa (11:03). After the break, the gang discusses whether there will be a market slow down as school begins (22:29), today’s qualifying rate and mortgage promotions (25:00), crappy listings (27:48), and why today’s low rates can be deceiving (30:05). To end the show, the guys converse about today’s real estate numbers in Ottawa (34:05), why hiring a real estate agent to market your home is important (37:28), and what rates people are worth looking at (39:27).