The Real Estate and Mortgage Show - March 23
Steve and Frank are joined by Chris Hoare (filling in for Paul), as they take all of your mortgage and real estate questions. Among one of the topics discussed is the effect of the Federal Budget on the housing market.
On this week's episode of the Real Estate and Mortgage Show, Steve and Frank are joined by Chris Hoare of the Paul Rushforth team. The trio discuss selling your home in early spring, mortgage rates and renewals, and the topic on everyone's mind; the federal budget.
The announcement of the federal government's budget this week was met with a fair amount of press, coupled with the recent controversy over Finance Minister Jim Flaherty's request for two major lenders to drop their advertised 2.89% and 2.99% mortgage rates, citing them as "too low" for the average Canadian. It has been argued this move was unnecessary, as fixed mortgage rates fluctuate with the bond market, and mortgage rates as low as 2.89% have been available for months.
Chris takes some time this week to offer some tips for those who are planning to sell in the near future. He highlights the importance of having not only multiple photos of your property, but also the quality of the photos, especially the first one. When potential home buyers are browsing, a photo that does not showcase the property at its best can turn them off very quickly. Regardless of the fact that we live in an age of smartphones that can take and post photos within a few seconds, Chris recommends hiring a professional that knows how to showcase a home.