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.

January 11, 2020: Building Your Line Of Credit & Why You Shouldn’t Pay Off Your Mortgage

Paul, Barb and Steve begin the show by talking about the basics of calling for a mortgage (2:07), people with poor credit (5:03), and why owning a credit card is important (6:42). After the break, Barb shares her “Did You Know” tip about refinancing (8:49), the gang discuss the importance of adding to your mortgage (10:26), Ottawa’s real estate numbers for December and 2019 (13:16), and predictions for the new real estate norm in 2020 (15:11). Then, the gang talks about today’s rates (19:17), mortgage rates in the past (20:18), and why you shouldn’t pay off your mortgage (23:00). To end the show, a listener calls-in to ask about down payments on investment properties (27:38), Barb promotes a charity poker tournament hosted by Frank (31:20), and Anisa phones-in to promote Advanced MIC’s fun informational dinner (32:24).

January 04, 2020: Bridge Financing & The 2020 Spring Real Estate Market

Paul, Barb and Steve are joined by Anisa Lancione, Dealing Representative and Chief Compliance Officer with Advanced MIC. They begin the new year by talking about a smart tip regarding realtor contracts (0:42), cheques vs. e-transfer in real estate and mortgages (1:42), what can be missed by realtors when multiple changes are made on an offer (4:42), why relationships with other realtors is so crucial to help get a home sold (5:24), and being realistic when pricing your home (7:45). After the break, Barb shares her “Did You Know” Tip about bridge financing when your home has a firm sale (10:40), how the new home you’re interested in buying isn’t the same house you move into (14:00), rules about closing on certain days (15:30), and a listener calls-in to ask about adding extra funds when renewing a mortgage and the conditions aren’t met (16:59). Then, Anisa Lancione talks about today’s RRSP and TFSA limits (22:06), what she does at her job and how investing through her company works (24:06). To end the show, the gang discusses today’s listings in Ottawa (32:45), what kind of market to expect in this year’s spring real estate market (34:44), and a listener phones-in to ask about investing after their home is paid off (37:00).

December 28, 2019: The Last Show Of The Decade

Paul, Frank and Steve start with the last show of the decade by reminiscing 10 years of the Open House Podcast (0:00). They also discuss the end of the year Ottawa listings (2:55), the issue with listing your home on the spring market (4:18), what will kick start the listings in 2020 (6:05), and how unpredictable the real estate market is right now (7:14). After the break, the gang talks about the rates in this decade and what the future holds (9:10), and the biggest surprises in real estate this past year (18:49). Then, the guys discuss whether big family homes will make a comeback (20:55), whether builders are going to build small single-family homes (22:57), and the biggest surprise in mortgages this past year (24:24). To end the last show of the decade, the Open House team mention Ottawa hitting 1 million residents and discuss foreign buyers (29:32) as well as the today’s rates in Ottawa (33:32).

December 21, 2019: Hiring Brokers And Agents & Staying Away From Shady Brokers 

Time Stamps:

Paul, Frank, and Steve begin the show by talking about today’s Ottawa real estate market (2:35), buying and selling in 2019 and 2020 (3:28), why the Ottawa market is listing “starved” and how builders need more tradespeople (5:01). After the break, the gang discusses the smart things builders are doing (10:19), how far out you can guarantee your mortgage when buying a new build (12:21), and how the American real estate market contrasts with Canada (17:50). Then, the guys review this year’s listings and gear up for 2020 (21:11), Paul congratulates his team for hitting their 650th sale and shares that he’s hiring more agents (22:07), Paul and Frank explain what they and other organizations are looking for in hiring agents (24:08) and Frank shares some shady broker stories and about broker fees (28:16). To end the show, Frank talks about today’s rates (32:30) and the predictions of rates in 2020 (34:29).

December 14, 2019: Investigating The Stress Test & Buying In Constance Bay

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Paul, Frank, and Steve are back! They start the show by talking about the end of the year being the slowest in real estate (2:15), how Mortgage Brokers Ottawa hit $1 billion in residential mortgages (3:30), and why interest rates are trending upward (7:02). After the break, the gang discuss why the Government is investigating the stress test (9:01), why the First Time Homebuyers Incentive isn’t catching on (9:35), why some Canadian’s don’t believe in debt (10:58), why Trudeau is looking into the stress test now (14:13), and how Toronto and Vancouver have calmed down in mortgages and real estate (18:40). Then, a listener phones-in to the show to ask about buying in Constance Bay and how the flooding affected mortgages and real estate (20:51). To end the show, another listener phones-in to the show to ask about why his rental property isn’t getting as many contacts (32:10) and Paul shares Ottawa’s real estate listings (37:14).

December 07, 2019: The Rental Condo Market & Going Variable Vs. Fixed

Time Stamps:

Paul, Barb and Steve are joined by Anisa Lancione, Dealing Representative and Chief Compliance Officer with Advanced Capital Corp. In this week’s show, these experts talk about the amazing November the Ottawa real estate market had (1:33), why there was such a rebound in the condo market (2:56), how Airbnb can change the rental rules and condo market (4:59), reserve funds for condos (7:14), and how Ottawa’s real estate market could follow Toronto’s (9:50). After the break, Barb shares her “Did You Know” about going variable instead of fixed in the rental market (12:41), the gang discuss the pros and cons of going variable or fixed with rentals (14:57), and submitting false tenant applications (20:51). Then, Anisa talks about credit scores beacons and the Ottawa average (21:42), the gang discuss the importance using a qualified real estate agent when looking for investment properties (28:12), and how finding specified real estate in Ottawa is hard (30:33). To end the show, the gang discusses today’s interest rates (33:53), high ratio mortgages and default rates (34:42), as well as past Ottawa interest rates (38:43).