The Real Estate and Mortgage Show - April 18
Listen to Steve Gregory, Paul Rushforth & Barb Kramer, Mortgage Agent at Mortgage Brokers Ottawa replacing Frank Napolitano on today's latest Real Estate and Mortgage Show.
On this week's episode of The Real Estate and Mortgage Show, Steve Gregory, Paul Rushforth & Barb Kramer discuss the slowdown on builders' housing starts due to the increasing inventory of homes on the market, this results in buyers having an increasing amount of choice when it comes to home shopping. Sellers need to price their homes much more aggressively. Paul suggests that this is another delayed spring market, beggining to heat up now, rather than in March like previous years.
Barb reveals that only 38% of Canadian mortgage-holders take advantage of their pre-payment privileges by increasing their mortgage payment. Barb also recap's the latest 5 year fixed & variable mortgage rates.