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.

September 28, 2019:  The Misconceptions of Multiple Offers & Election Promises

Time Stamps:

Paul, Steve and Barb start the show by talking about how beautiful Ottawa is and Paul’s experience in New York City (1:08). Then, the discussion pivots towards area specialists (3:48) and election promises regarding mortgages and housing (5:29). After the break, Barb shares her “Did You Know” tip of the day (10:34) and a listener calls in to ask about what the minimum age is to buy property (12:30). Then, the gang talks about what a strange year we’ve had in Ottawa real estate (18:30), and the misconception of receiving multiple offers (22:07). Finally, Barb shares today’s rates and the surprise increase in prime rate (25:28).

September 21, 2019:  Fall Housing Market & Financing Conditions

Time Stamps:

Paul and Steve are joined by Barb while Frank is on vacation in Italy. The conversation starts with how the weather affects the real estate market and our current Ottawa listings (0:00). Then, the gang talks first time home buyers with the need for financing conditions (1:55), the average sales price year to date compared to now (4:41), and the importance of knowing a connected agent versus selling or buying on your own (8:11). Barb then shares her “Did You Know” tip about the impact of getting an appraisal when you’re renting out an income property (12:09). To end the show, the gang talks about preparing for the fall market (16:01) and how clutter and room paint colour can affect the sale of your home (19:08).

September 14, 2019:  Lack of Listings & Financing 

Time Stamps:

Paul, Steve and Frank begin their conversation with the start of phase 2 for the LRT and how it’ll affect condo and housing prices (0:00). Frank talks about the surprising rise in the bond market and rates (2:28). Then, the gang focuses on rate guarantee (5:52), financing and inspections (6:54). After the break, Paul talks listings (9:09), First Time Home Buyer’s Incentive and how the election could affect it (10:22). To finish off the show, the guys talk about the lack of listings in Ottawa (13:24) and situations when clients don’t have the proper financing and backing out of offers (16:38).

September 7, 2019: Failed Offers & Land Value

Time Stamps:

Paul, Steve and Frank start the show with a discussion about how people are unaware of the First Time Home Buyer’s Incentive (0:19). Then, the gang reminisces on what the average sale price was when they first started the show compared to now (4:36), losing out on multiple offers and deals falling apart (7:18). After the break, a caller phones in asking about how to determine the value of your home and your land (10:37) and the guys further discuss land value taxes (16:05).

August 31, 2019: Is The Home Buyer’s Incentive Positive & Land Transfer Tax

Time Stamps:

Paul, Steve and Frank start the show by sharing their opinions on the First Time Home Buyer’s Incentive (0:00), fighting for listings and selling homes in this Ottawa housing market (1:48). Then, Cathy writes to Frank regarding Paul being right about marital breakdowns (4:28), and a listener calls in about land transfer tax (5:54). The gang then talks further on the topic of First Time Home Buyer’s Incentive (9:40) and Frank shares an article from RBC about the false narrative of a housing bubble in Canada (11:55). The guys finish the show with last thoughts about First Time Home Buyer’s Incentive (12:30), the forever changing market while staying vigilant (16:35), and how the market will be in these last months of 2019 (17:33).