The Real Estate and Mortgage Show - June 12
Steve Gregory, Frank Napolitano, Paul Rushforth take all of your real estate and mortgage questions on The Real Estate and Mortgage Show.
On this week's episode of The Real Estate and Mortgage Show, Steve, Frank & Paul discuss how millennials are changing the way mortgage and real estate transactions occur via technology, what the average Canadian debt is excluding mortgage loans and whether it is worth fixing up your home before trying to sell it.
Paul informs us that the condo market is much slower than the other real estate markets in Ottawa. With having just about a year's supply of condos currently listed on the market, condo owners face a difficult challenge if they plan to flip or move out of a condo.
Frank discusses that the real estate market is a long term investment. If you plan on purchasing a property and getting out of it within the first few years, you may have to settle with selling for what you paid for it a few years back, or, sell for less. You also have to factor in fees associated with selling the property such as: legal fees, realtor fees, moving expenses, etc...