Open House - The Real Estate & Mortgage Show

Real Estate and Mortgage Answers

CFRA_Open_HouseEvery Saturday morning at 11 AM, Paul Rushforth and mortgage broker Frank Napolitano join CFRA’s Steve Gregory on Open House.

They provide expert answers to real estate and mortgage questions from people just like you.

You’ll find plenty of information on how the market is doing and why, and they also have plenty of fun along the way!

Whether you’re new to real estate or have plenty of experience already, you’ll find the latest updates you need to prepare for your next home purchase or sale.

You can play the episodes by following the link below.

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.

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

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

Open House - The Real Estate and Mortgage Show  - June 29th

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

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?

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?

Will There Be A Rate Drop in June?

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

Ottawa Real Estate and Mortgage Show

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

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).

April 27th, 2024: How Parents Can Help First-Time Homebuyers

How Parents Can Help First-Time Homebuyers

Steve is joined by Dora from Paul Rushforth Real Estate and Sheri from Mortgage Brokers Ottawa; they start the show by conversing about today’s real estate and mortgage market (0:56), how parents can help first-time homebuyers (3:24), why people are downsizing (5:57), and cosigning vs. guarantor vs. gifting (8:34). After the break, the gang talk about the June 5th rate announcements (13:00) and Mike from Advanced MIC calls-in to chat about the capital gains tax (14:43). Then, the gang discuss pre-listing inspections (21:30) and how a drop in interest rates will impact the market (25:15). To end the show, the gang converse about preparing real estate for summer (31:42), whether people need to update their homes to sell it (33:38), how to price your home correctly (34:22), and buying a house with a friend (35:43).

April 20th, 2024: New Federal Budget & Mortgage Rules

Frank and Steve are joined by Dora from Paul Rushforth Real Estate and Tanya from Questrade Financial; they begin the show by discussing Ottawa’s current listings and interest rates (1:16), as well as how the new federal budget impacts real estate (4:53). After the break, the gang converse about capital gains (11:58), open banking (14:53), and new types of insurance (17:08). Then, the gang talk about how the new capital gains rule is impacting Ottawa investors (20:37), new secondary suite loan program (26:31), and the immigration problem (28:54). To end the show, Paul’s parents call-in to wish him a Happy Birthday (32:40), and the gang discuss parent guarantors (34:54).

April 13th, 2024: What Is Impacting People’s Decision To Not Buy A Home?

April 13th, 2024: What Is Impacting People’s Decision To Not Buy A Home?

Paul, Frank, and Steve begin the show by talking about listing from 10+ years ago (0:15), mortgage news and the Canadian and US inflation (3:24), as well as a how development charges impact new home builders (10:37). After the break, the guys converse about new builder insights (12:41), new home vs. resale prices (14:48), and RRSPs (17:39). Then, the gang discuss what’s impacting people’s decisions to not buying homes (22:02), whether it’s smart to sell to rent (24:36), buy or renting out a cottage (27:30), and the type of price increase we’ll see in the Ottawa market (30:07). To end the show, the guys talk about whether people are moving up or down in property size (34:41).

April 6th, 2024: Potential 30-Year Amortization For First-Time Homebuyers

Paul, Frank, and Steve start the show by talking about taking real estate pictures without snow (1:11), listings being up (2:43), potential record high pricing in 2026 (4:23), as well as rate drops in June/July and how that impacts the future market (5:43). After the break, the guys discuss the potential 30-year amortization (11:51), the difficulties of getting shovels in the ground for new builds (17:03), and why it’s so difficult for first-time homebuyers (18:55). Then, the gang converse about real estate and mortgage rate predictions (22:55), people selling to rent (27:47), and people who are coming up for a mortgage renewal (32:56). To end the show, a listener phones-in to ask about if adding an in-law suite increases the value (35:31).

March 30th, 2024: How The Federal Budget Impacts Buyers & Renters

How The Federal Budget Impacts Buyers & Renters

Paul, Frank, and Steve begin the show by discussing the potential spring market and mortgage rates (1:50), how new builds are being impacted by the economy (7:12), and what people need to save for a downpayment and qualify for a mortgage (10:34). After the break, the guys are joined by Mike from Mortgage Brokers Ottawa, and he talks about advanced mortgage investments (13:01). Then, the gang converse about how the Federal Budget impacts buyers (22:11). To end the show, the guys discuss the renter’s bill of rights (35:13).

March 16th, 2024: Good vs. Bad Tenants

March 16th, 2024: Good vs. Bad Tenants

Paul, Frank, and Steve start the show by discussing how weather impacts real estate and photography (1:01), how credit scores impact buying a home (4:25), and banks not mortgaging homes in the flood zone (8:01). After the break, the guys talk about getting out of the First-Time Homebuyer Incentive (12:46), the government trying to avoid another market boom (15:22), and a listener phones in to ask about rental increases (17:26). Then, the gang converse about bad vs. good tenants in investment properties (23:16), and investing in the MIC vs. an investment property (28:33). To end the show, another listener phones in to ask about gifted equity (34:16), the guys discuss first-time homebuyers needing help with mortgage payments (37:04), converting a home equity line of credit to a mortgage (38:31), and the importance of a good tenant (39:46).

March 9th, 2024: February Real Estate Numbers

March 9th, 2024: February Real Estate Numbers

Paul, Frank and Steve begin the show by talking about February’s real estate, mortgage rate and credit card debt stats (1:49), the amortization process, and why you shouldn’t work with banks (6:48). After the break, the guys converse about needing more homes built (11:09), whether real estate and moving costs are impacting buying and selling decisions (14:46), and the increase of home values (17:14). Then, a listener phones-in to ask about rural properties, pools and the current Ottawa market (21:29), the guys discuss first-time home buyer appetites (27:30), and the Federal budget and how it could impact mortgages and real estate (29:33). To end the show, a listener phones-in to discuss the old Home Ownership Made Easy Plan (35:00) and the guys talk about the employment numbers (37:50).

March 2nd, 2024: First-Time Homebuyer Incentive Discontinued

March 2nd, 2024: First-Time Homebuyer Incentive Discontinued

Paul and Steve are joined by Sheri from Mortgage Brokers Ottawa, and they start the show by talking about the next rate announcement (1:12) and what they are seeing in today’s real estate market and mortgage world (3:45). After the break, David Lee, an Ottawa lawyer, calls-in to discuss moving a parent to a retirement home and how that impacts homeownership (11:12), as well as buying a property with someone else like a friend or family member (18:11). Then, the gang discuss the first-time homebuyer incentive being discontinued (21:30), today’s qualifying rate (26:37), and the increase in 2024 rent evictions (30:59). To end the show, a listener phones-in to ask about how fraud impacts applying for a mortgage (33:46).