How Does March Break Affect the Real Estate Market - March 19th, 2022

Paul, Frank and Steve begin the show by conversing about the sale and rental prices (1:20), mortgage brokers giving advice to politicians (3:11), increases in mortgage rates (5:49), and how increases in mortgage rates are impacting buyers (9:15). After the break, a listener phones in to ask how first-time homebuyers can navigate the real estate market (11:00) and the guys talk about the difficulty of baby boomers moving out (18:01). Then, the guys talk about how March Break affects real estate (21:06), the difficulty of finding a home to buy in Canada (23:49), how a “no convenience of offer” works (25:32), why real estate agents need a team (28:30), downpayment for a 30-year amortization (29:21), and mortgage penalties getting smaller (31:47). To end the show, the gang discusses curb appeal during the springtime (34:16), why the media aren’t talking about the increase in rates (37:54), and if you need a new pre-approval for when you got one in the fall (40:59).