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.

May 1st, 2021: Pre-Approvals Are Key & Investing in Mortgages

Paul, Frank and Steve start the show by talking about new housing regulations (1:11), today’s listings and timing the market (2:44), condo market then vs. now (7:01), and how this market affects mortgages (9:24). After the break, Mike from Mortgage Brokers Ottawa calls-in to discuss investing in mortgages and the process of doing so (10:50). Then, the gang converse about important things to consider when getting a mortgage (20:26), why pre-approval is key in this market (24:54), and educating buyers on appraisals (28:40). To end the show, a listener phones-in to thank the gang for the advice they gave (32:08), the guys talk about mortgage brokers vs. banks (34:12), and predictions for April’s real estate numbers (38:14).

April 24th, 2021: Strategies For Buying & Selling Your Home 

Frank and Steve are joined by Dora from Paul Rushforth Real Estate to discuss the increase in active listings and the craze of million dollar homes (1:40), well kept homes vs. fixer-uppers (7:39), and the popularity of purchase plus improvements (8:40). After the break, a listener calls-in to ask about why you see home’s relist on MLS (12:26) and the gang talk about why it’s important to have a strategy when buying and selling (18:14). Then, the gang converse about Frank’s conversation with real estate agents in Ottawa (20:19), the low amount of properties with conditions (22:22), and the dangers of not doing a home inspection in this market (25:26). To end the show, two callers phone-in to ask about buying and financing on a cottage (31:02) and whether condo sales have gone down (35:48).

April 17th, 2021: How The New Lockdown Affects Real Estate & Mortgages

Paul, Frank and Steve begin the show by conversing about the new lockdown in Ontario and how that affects real estate and mortgages (0:23), how inspections and showings are affected (7:08), and how technology has changed the way we do real estate and mortgages (9:52). After the break, the gang discuss today’s rates and how the banks are trying to cool off the housing market (12:51) as well as last summer’s average sales price (19:20). Then, the guys talk about the continued demand for land and quality of internet (22:28), a listener phones in to ask about the condo market in Barrhaven (25:30), and the gang discuss the importance of owning doors (29:38). To end the show, Paul’s parents phone in to sing Happy Birthday to Paul (33:34) and the guys converse about the increase in pre-approvals and changes in stress test (37:14).

April 10th, 2021: March Real Estate Numbers & A Lawyer’s Perspective On Real Estate

Paul, Frank and Steve start the show by talking about March’s real estate numbers in Ottawa (2:05) and whether we’ve peaked for prices (4:52). After the break, Mike from Kelly Santini LLP calls-in to share a lawyer’s perspective of the Ottawa real estate market (11:50). Then, the gang discusses whether people buy and sell their homes in the same day (20:50), the potential end of blind bidding (23:42), and political ideas for capital gains (28:29). To end the show, a listener phones-in to ask about whether you can avoid capital gains on a rental property by moving into it for a year (31:40), being a co-signer and land transfer tax rebate (33:55), and the costs of materials with new construction (36:34).

April 3rd, 2021: The Yo-Yo Real Estate Market

Paul, Frank and Steve begin the show by discussing the effects of the 3rd shutdown on Ottawa (0:40), the yo-yo real estate market in Ottawa (2:42), the effects of COVID-19 on the Ottawa market (5:14), will the Government cool down the real estate market (7:14), and how Canadians have handled homeownership and paying off their mortgages (9:59). After the break, the gang talks about Paul’s 10-year anniversary as a business (14:20) and a listener calls-in to ask about whether they should sell vs. rent and how does being self-employed or unemployed affects that decision (17:02). Then, more listeners phone-in to ask about the real estate climate in Aylmer (22:12), why there are more listings in the month of March (24:50), and Frank educates on reverse mortgages (29:10). To end the show, our final caller asks about whether it’s time to sell and how having a tenant affects the price (32:01).