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 24th, 2022: Parents Co-Signing for First-Time Homebuyers

Paul, Frank and Steve begin the show by talking about the return of home inspections, price decreases and cancellations (1:37), fighting inflation by raising rates (3:24), and how a recession will affect real estate (6:56). After the break, the guys converse about real estate stats from Stats Canada (12:12), more people selling their investment properties (16:51), and what a normalized market looks like for first-time homebuyers (19:48). Then, the gang discuss parents co-signing for first-time homebuyers (22:49). To end the show, the guys talk about predictions for September real estate numbers (31:24), getting mortgages under 5% (35:18) and mortgage rate predictions (37:05).

September 17th, 2022: Increase In Rental Properties

Paul, Frank and Steve start the show by discussing a slowdown in the real estate market, interest rates and the economy (0:32), how interest rates are affecting commercial mortgages and new builders (5:17), people being disqualified from getting into the housing market (7:52), and the increase in rental properties (9:16). After the break, the guys converse about variable vs. fixed mortgages (11:49), credit card debt and rising prices (13:07), and pre-qualifying for mortgages (16:46). Then, the guys talk about future real estate predictions (21:40) as well as home appraisals and more economy talk (26:40). To end the show, the gang discuss restaurant prices (30:55), why mortgage brokers are so important vs. working with the banks (33:21), and getting real estate pictures taken before the winter (35:57).

September 10th, 2022: Huge Rise In Interest Rates

Paul, Frank and Steve begin the show by conversing about August’s real estate numbers (0:29), rising interest rates this week, Canadian debt and a recession (2:42), how unemployment is affecting the economy (6:58), and using a home equity line of credit (11:15). After the break, Ben from Edge Realty Analytics calls-in to talk about the rise in interest rates and where home prices are headed (12:53). Then, Ben continues to talk about where interest rates are headed in the future (22:52) and where real estate is headed in the future (25:24). To end the show, a listener phones-in to ask selling a home in senior living areas (32:24), the guys discuss variable rates (36:37).

September 3rd, 2022: How To Find The Best Real Estate Agent & Mortgage Broker

Paul, Frank and Steve start the show by talking about heading toward a balanced market and how the economy affects that (0:33), real estate price predictions (5:08), and renting to own (8:38). After the break, the guys converse about prime vs. variable rates (10:35) and a listener phones-in to ask about extending another 120 days on a guarantee mortgage (14:47). Then, the gang discuss tips to sell your home and find the best real estate agent (17:40), how to find the best mortgage (21:37), and bad real estate and mortgage broker practices (24:47). To end the show, a caller phones-in to ask the rate increase and trigger rate (30:40).

August 27th, 2022: When Will We Be In A Buyer’s Market?

Paul, Frank and Steve begin the show by talking about real estate and mortgages in August (1:18), rates rising and inflation in the future (4:45), and when we’ll be in a buyers market (8:48). After the break, the guys converse about buyer’s vs. seller’s market (11:02), whether you should get a 1-year closed rate (14:53), the dangers of raising rates (15:56), and how millennials are affecting the real estate market (18:26). Then, the gang discuss various areas in the Ottawa real estate market (20:44), changing lifestyles to afford a home/mortgage (23:15), and selling a home people bought within a year (28:10). To end the show, the guys talk about predicting August real estate numbers (31:02) and doing comparables year-over-year for pricing your home (33:53), and how long pre-approval is good for and what not to do before closing on a home (36:02).

August 20th, 2022: Friends Buying Homes Together

Paul, Frank and Steve start the show by conversing about a charity golf tournament (0:21), how E-signature has changed real estate and mortgages (3:07), and updates on the Ottawa real estate market and mortgage rates (8:31). After the break, the guys talk about how much income goes to mortgages (14:03), friends buying homes together (15:36), and selling after buying 6-12 months ago (17:04). Then, a listener phones-in to ask about refinancing vs. borrowing for another purchase (20:24), the gang discuss people renting out their basement (25:47), and the purchase plus improvements plan (29:09). To end the show, the guys converse about how to find a good real estate agent (32:18) and insured mortgages (35:54).

August 13th, 2022: Home Prices Are Coming Down

Paul, Frank and Steve begin the show by conversing about the home prices going down (0:37), where interest rates and inflation is headed (4:42), insane new home builder prices (6:54), and comparing real estate markets in various Canadian cities (10:11). After the break, the guys talk about rising interest rates (14:33), US vs. Canada real estate markets (16:57), a listener phones in to thank the gang about their advice and experience (19:00), and the gang discuss the risk of flipping homes in this market (20:54). Then, another listener asks about where Paul sees the condo market in the next 5 years (23:51) and the gang converse about townhomes vs. single family homes and home pricing comparables (30:31). To end the show, the guys discuss people moving from Toronto because of pricing (34:13) and bringing employees back to the office (35:34).

August 6th, 2022: July’s Real Estate Numbers

Paul, Frank and Steve start the show by discussing Paul’s golf tournament (0:44), July’s real estate numbers (2:10), how interest rates are impacting the market (4:17), what a normal market looks like (6:07), private lenders vs. bank lenders (9:40), and fall real estate predictions as well as first-time homebuyer struggles (11:22). Then, the guys talk about the rental market (14:38), cost of a townhome and how it affects investors (15:19) Paul’s guarantee-sold program (17:46), and the increase of buyers walking away from deals (19:09). After the break, a listener phones-in to ask about bridge financing (20:20) and the guys converse more about bridge financing (28:05). To end the show, another listener calls-in to ask about selling your home to your family member as a gift (31:17), and the guys discuss Ottawa’s average sales price (36:41).