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 14th, 2022: Changes to the Market, Interest rates, and Investing

Paul, Frank and Steve start their 750th show by talking about Paul’s recent house sale and how it compares to previous years (0:58), how high interest rates are pricing first-time homebuyers out of the market (3:03), the changes that are coming to how we buy homes (4:15), and whether home inspections should be mandatory when purchasing a home (8:31). After the break, Hot Tub Mike talks about finding stability in the current stock market and how private lending may be a creative way to help with investment stability (12:29). Then, the guys discuss the upcoming election and what they hope to see (22:25), where they see developments and new home builds going forward (25:00), and how vital home building is for the economy (28:49). To end the show, they discuss where interest rates are heading (33:10), how the foreign buyer policy changes the market (36:04), and the spread between variable and fixed-rate mortgages (38:17).

May 7th: What Does the Spring Market Look Like?

Paul, Frank and Steve start the show by talking about the nice weather, and how that plays into this year’s spring market (1:05), how what’s happening in parliament will affect the housing market (4:00), and how the labour strike is hurting new development even more (8:56). After the break, our caller is looking to buy a property to resell it in a few months and wants to know what is and isn’t allowed (11:46), and why prices are so high on new home builds compared to reselling homes (16:39). Then, they discuss the move from townhouses to single-family homes (20:22), how capital gains tax exemption works (23:31), and rising interest rates and cost of living (28:30). To end the show, the guys talk about the effect working from home has on selling home features (32:37), and some spring tips on buying and selling your home in the current market (36:33).

April 30th, 2022: Ottawa Real Estate Cooling Off

Paul, Frank and Steve start the show by talking about Paul’s home buying experience (1:13), the real estate market cooling off and rising interest rates (4:45), Canadians giving up on buying a home (9:00), and the issues with purchasing investment properties in the future (11:17). After the break, Josh from Paul Rushforth Real Estate calls in to converse about selling Paul’s home (15:02); the guys discuss 4-bedroom homes (20:20) and lender approval for rural properties (20:57). Then, a listener phones in to ask about why housing went down in the 90s (23:40) and whether there’ll be a recession in the future (26:56). To end the show, another caller phones in to ask about selling vs. renting out another house (34:56) and the guys talk about 5-year vs. 10-year rate mortgages (39:50).

April 23th, 2022: High Inflation, Listings & Home Prices

Paul, Frank and Steve begin the show by talking about high inflation numbers, high listing numbers and high house prices (1:27), whether we’re headed towards a balanced market (6:11), and a listener phones in to wish Paul a Happy Birthday (8:10). Then, the guys converse about variable vs. 5-year fixed (9:42), why blind bidding isn’t changing (13:13), and the new code of ethics in real estate (19:07). After the break, the gang discusses CMHC predictions about real estate cooling off (22:30), pre-approvals for first-time homebuyers (25:55), and the cost of living increasing (28:50). To end the show, another listener phones in to ask about buying another home on the east coast (32:24), and the guys talk about whether there’s an increase in investors (36:51).

April 16th, 2022: Buying Condos As A First-Time Homebuyer

Dora from Paul Rushforth Real Estate joins Frank and Steve to begin the show by discussing real estate numbers in March and April (0:48), interest rates and a potential recession (4:00), bidding for a new build lot online (7:06) and fixed vs. variable rates (8:35). After the break, the gang converse about first-time homebuyers buying homes or condos (12:08) and why people are content with not buying a new home (19:50). Then, the gang talks about mortgage penalties with non-banks vs. banks (23:19), property taxes going up (26:42), renegotiating mortgages in the next few years (28:11), and conditions when buying a condo as well as old vs. new condos (30:09). To end the show, a listener phones-in to ask about moving a mortgage over to another property (32:58), another listener calls-in to ask about whether they should sell their home and then rent (36:50), and the gang discuss whether taking out a line of credit to invest is smart (40:20).