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 27, 2023: Potential Rate Increase In June

Paul, Frank and Steve begin the show by conversing about May real estate forecast (0:56), rates going up and how it impacts families (2:51), a potential seller’s market (5:49), and empty commercial buildings in Ottawa as well as the rental issue (7:18). After the break, the guys talk about today’s listing numbers (14:16) and potential rates increase in June (17:32). Then, the gang discuss the average sale of homes in the past vs. today (20:41), why there’s always an opportunity in any real estate market as well as the difficulties of being a real estate agent (22:03), and the difficulties in today’s market (28:54). To end the show, the guys converse about advice for people who have their mortgage maturing in the next year (34:02), and paying off your principle (37:12).

May 20, 2023: Are We Headed Towards A Recession?

Frank and Steve are joined by Dora from Paul Rushforth Real Estate, and they start the show by talking about low inventory in the summer (0:52) as well as how inflation is impacting approvals and a recession (4:10). After the break, the gang converse about real estate numbers vs. previous years (10:46), rates increasing and how businesses will be impacted (13:30), family and friends buying homes together (16:20), and the difficulty of downsizing (18:41). Then, a listener phones in to ask about why finding the best mortgage rate is so difficult (20:53), and the gange converse working with a mortgage broker vs. on your own (28:54). To end the show, another listener phones in about renewing your mortgage in 2023 (32:24) and the gang talk about home prices in the future (36:59).

May 13, 2023: The 800th Show

Paul, Frank and Steve begin the show by discussing the real estate marketing heating up (1:50), people selling homes because they can’t afford mortgage payments (5:12), and the cost of living in Canada and the US (10:24). After the break, a listener phones in to ask about selling a home with a tenant in it (12:12) and the gang converse about under rented properties (20:12). Then, the guys talk about Frank winning a Mortgage broker award (23:21), no extended amortizations (27:05), and commercial mortgages (31:21). To end the show, the guys discuss average sales prices (35:47), Toronto vs. Ottawa home prices (38:19) and interest rates (40:59).

May 6, 2023: Difficulty Of Buying A House On Your Own

Paul and Steve are joined by Sheri Creese from Mortgage Brokers Ottawa and they start the show by talking about homes prices increasing (1:26), more OSFI regulations (3:00), how rates will impact the market (5:10), and where interest rates are headed as well as variable vs. fixed rates (8:43). After the break, the gang converse about US vs. Canada mortgage rates (13:33), and the difficulty of buying a house on your own (16:35). Then, the gang discuss the increase in multiple offers (20:51), the difficulties of appraisals (24:50), and conditional vs. non-conditional offers (30:27). To end the show, the gang talk about the Embrun and Rockland new builds (34:11) and lines of credit (36:40).

April 29, 2023: CMHC’s Wrong Home Price Prediction

Paul, Frank and Steve begin the show by conversing about CMHC’s prediction on house prices (1:51), where rent and investments are headed (6:19), first-time homebuyer demand (7:15) and a listener phones in to ask about the assignment market (9:18). After the break, the guys discuss in-depth about investing in mortgages (13:04). Then, the gang talks about mortgages under 5% (23:21), what a healthy market looks like (25:20), townhomes vs. single-family homes (26:39), qualifying for variable rate and the impact of the Government strike (27:53). To end the show, the guys converse about how travelling is more expensive and moving vs. renovating your home (34:55).

April 22, 2023: The Importance of Qualifying

Frank and Steve are joined by Dora from Paul Rushforth Real Estate, and they start the show by discussing today’s listing numbers (2:14), how interest rates are impacting buying habits (6:03), and whether the government strike will impact the real estate market (7:47). After the break, the gang converse about cash flow being the most important factor for mortgages (11:21), the problem with requalifying (14:00), and first-time homebuyers (17:57). Then, the gang discuss the importance of qualifying for first-time homebuyers and the complications when you don’t (22:43). To end the show, a listener phones in to ask about insurance for properties (33:43) and another caller asks the gang about how future pay and divorce impact applying for a mortgage (36:10).

April 15, 2023: Selling Now Vs. Later

Paul, Frank and Steve begin the show by talking about how curb appeal should be your focus in spring (0:52), whether we’re headed to a seller’s market (4:27), as well as inflation, the economy and the supply issue (5:42). After the break, the guys discuss the closure of Wellington Street (13:43), mortgage rates and our banking system (15:22), the US vs. Canada real estate market and what’s holding people up with buying homes (18:03). Then, the gang converse about fixed vs. variable rates (23:35), selling now vs. later (26:17) and people’s key factors when applying for a mortgage (31:26). To end the show, the guys talk about luxury condos and open houses (34:57) and a listener phones in to ask about disabilities and mortgages (38:10).

April 8, 2023: 40-Year Amortization & Exclusive Listings

Paul, Frank and Steve start the show by conversing about Frank attending a mortgage broker conference and 40-year amortization (0:49) and March’s real estate numbers (8:29). After the break, a listener phones in to ask about exclusive listings (13:34) and the guys talk about the things agents have to do before listing a property including professional photography (17:17). Then, the gang discuss buyer optimism in April/May and updating curb appeal (21:20), listing waterfront properties (24:45), and where rates are headed as well as how the government’s qualifying rules keep people in the rental market and bad tenants (26:33). To end the show, the guys converse about why homeownership is becoming unattainable (33:54), and why you shouldn’t be in a rush to renew (38:39).

April 1, 2023: Why Real Estate Is A Long-Term Investment

Paul, Frank and Steve begin the show by talking about the increased amortization (3:25), power of sales vs. forced sales (6:35), and March real estate number predictions (9:48). After the break, the guys converse about today’s real estate market (11:08) and where mortgages are at (18:06). Then, the gang discuss the tax-free home saving program (20:41), should you renovate before selling (23:40), and the purchase + improvement plan (28:04). To end the show, the guys talk about how rising interest rates are impacting buyers (32:34), why real estate is a long-term investment (34:45), and porting mortgages (38:09).

March 25th, 2023: Increases In New Build Construction

Paul, Frank and Steve start the show by talking about condos and townhomes in Rockland and Embrun (0:52), new builder construction in Ottawa (3:35), shifts in the market (6:45), and where buyers think rates are going (8:37). After the break, the gang discuss types of properties (13:30), what age people bought their first home and how lenders deal with people who are self-employed (15:26). Then, the guys converse about people living in their homes longer (21:03), outskirt buying (26:45), and mortgage rates coming down (30:12). To end the show, the guys talk about March real estate numbers (33:30), banks telling people to early renew today (36:40), and how high-interest rates affected the market (39:26).

March 18th, 2023: Spring Market Optimism

Paul, Frank and Steve begin the show by discussing the future of mortgage rates and how bank closings are impacting it (0:59), buyers entering the real estate market (3:12), and what government programs can be implemented to help first-time homebuyers (7:35). After the break, the guys converse about Ottawa’s real estate supply and home size demand (13:26). Then, the gang talk about mortgage rate and inflation predictions (20:11), optimism in the Ottawa market and how employment numbers impact it (26:51). To end the show, the guys discuss preparing your home for sale (33:30) and fixed vs. variable rates (33:26).

March 11th, 2023: The Ottawa Real Estate Market Is In Great Shape

Paul, Frank and Steve start the show by conversing about the importance of real estate photography (1:25), buyer optimism (4:12), rates coming down, job reports and how banks are being impacted (7:44). After the break, the guys talk about why Ottawa real estate is in great shape and how inflation is impacting it (13:28), as well as prices today vs. pre-COVID (18:18). Then, the guys discuss why more daylight and flooding affects real estate (22:59) and a listener phones-in to ask about commission rates for real estate and interviewing agents (25:37). To end the show, the gang converse about the posted rate (34:07) and mortgage penalties (38:04).