REal Talk

Paul, Frank and Steve begin the show by discussing starved listings around the world (1:23), interest rate increases (4:00), how Ukraine has an effect on inflation, gas and interest rates (6:08) and moving to the outskirts (9:09). After the break, Mike from Mortgage Brokers Ottawa calls in to talk about investing in mortgages vs. the stock market (11:10). Then, the guys converse about why you shouldn’t wait for home prices to go down (20:50), a potential real estate boom in the spring (23:55), and whether now is the time to lock in on prime rate (27:10). To end the show, the gang talk about how rising interest rates could affect real estate (31:30),  real estate strategies when selling a home (33:20), and whether 10-year mortgages are appealing now (36:03).

Paul, Frank and Steve start the show by talking about mortgage rates trending towards variable (1:41), how property tax and impact assessments affect homeowners (5:57), and the outskirts of Ottawa (8:48). After the break, the guys converse about a slight increase in listings (10:01) and builders building fewer homes (13:42). Then, the gang discusses Paul’s next golf tournament (20:06), a listener phones in to ask about avoiding capital gains tax (21:25), and the guys talk about how to value homes in Ottawa (26:34) as well as expected turn-around when applying conditions (30:36). To end the show, the guys converse about pre-approving when going over the listing price (32:50) and separate entrances in a home (37:13).

Frank and Steve are joined by Dora from Paul Rushforth Real Estate. They begin the show by discussing the low listing numbers in Ottawa (0:44), buyer frustration (5:42), why people aren’t downsizing their home (8:35), and why people are tapping into their equity (9:32). After the break, the gang talks about mortgage renewals (13:11), why people don’t need to renovate when they sell (16:16), and why seniors are asking about reverse mortgages (18:22). Then, the gang converse about inflation affecting Canadians (20:56), how the rise of investment properties affects the market (24:28), political policies for first-time homebuyers (29:34), and why sellers should provide a home inspection before selling their home (32:07). To end the show, the gang discuss buying a single-family home and helping kids get into homeownership (34:38), increasing amortization (39:03), and the problem with new builders (40:53).

Adam Cote of Referral Mortgages joined us today. Not only is he the mortgage broker that 99% of my team chooses to work with, he is also a good friend. 

We wanted to answer the most common questions that we are getting in today's market so that you could put this market to work for you. 

1. What is happening with mortgage rates and what is the forecast for the short to medium term.
2. How does this impact home buyers? Should they be looking to buy or sell now?
3. What is the stress test?
4. Any tips for home buyers looking to get into the market this spring?

And honestly so much more including ... where is his Tom Brady jersey in his man cave and when did I get so old I needed glasses to read off a piece of paper. 

Join us, I am committed to making this market, your market.

Paul, Frank and Steve start the 2022 New Year by conversing about December’s real estate numbers (1:44), will home values go up or down (3:09), reviewing real estate in 2021 (6:17), and 2022 real estate predictions (7:51). After the break, the gang talks about if people should sell their rental properties (11:00) and the problem of taxing million-dollar homes (12:59). Then, the guys discuss the increase in pre-approvals and interest rates (20:57) and whether listings will climb in January and how COVID affects it (27:20). To end the show, the gang converse more about reasons why people should sell their rental properties (31:18), the benefits of duplexes and triplexes (34:14), and finding rentals in the outskirts (37:00).

Paul, Frank and Steve start the show by conversing about the state of Ottawa real estate (1:19), mortgage rates going up in 2022 (4:41), where the economy is headed (8:04) and Ottawa neighbourhood stats (10:29). After the break, the gang converse about the home prices of the Ottawa outskirts (11:41), why the best time to buy is now (14:39), and a listener phones in to ask about reverse mortgages (16:40). Then, the guys talk about when listings will start hitting the market (23:10), and a listener calls in to ask about step mortgages (24:30). To end the show, the gang converse about investment properties (33.25), line of credit (36:08), and why buyers won’t be picky buying homes (39:41).

Paul, Frank and Steve start the show by talking about whether listings are climbing (1:11), fastest-growing communities in Canada (3:30), Bank of Canada increasing the prime rate and the economical crisis (4:57), and a listener phones-in to ask about converting homes into a rental property (9:52). After the break, Mike from Mortgage Brokers Ottawa calls in to discuss volatility in the stock market and investing in the MIC (12:56). Then, a caller phones in to ask about investing in the MIC, why a rooming home isn’t selling (23:15), and how to check for a lean on a home (27:26) and the guys also converse about how expensive renting is in Canada (32:00). To end the show, the guys talk about what affects the prime rate going up (34:56) and how it affects first-time homebuyers (41:18).

Frank and Steve are joined by Josh from Paul Rushforth Real Estate. They begin the show by discussing why the Bank of Canada didn’t increase the prime rate (1:38), low inventory in Ottawa (5:43), and the return of multiple offers (8:03). After the break, a listener phones-in to ask about gifting money to buy a home (12:20). Then, the guys talk about the return of selling homes with no conditions and home inspections (19:36), and the trouble with overpaying for properties (24:55). To end the show, the gang converse about how we get more listings on the market (30:35) and buyer frustration (36:29).

Paul, Frank and Steve begin the show by discussing an increase in listings as well as high rentals available on the market (1:33), whether interest rates are affecting the listing drought (4:05), how inflation is affecting real estate (5:31), and the delay with new build properties (7:52). After the break, the gang converse about real estate election promises (13:20) and Canada’s supply and demand issue (20:04). Then, the guys talk about whether people should lock into their mortgage (22:11), the crazy home prices in Kingston (29:30), and the popularity of buying in the outskirts (30:33). To end the show, the gang discusses what to avoid when buying a house and the importance of home inspections (33:01), “home warranty wraps” (36:25), and when you should reevaluate your mortgage (39:58).