Open House - The Real Estate and Mortgage Show

This week on The Real Estate and Mortgage Show, Steve Gregory, Frank Napolitano and Paul Rushforth discuss the spring market, pre-approvals and the effects of the Bank of Canada's decision on interest rates.

With the spring real estate market in full swing, there are more listings than ever to compete with. On this week's show, Paul informs prospective home sellers on the importance of making your home modern, neutral and appealing to the largest number of possible buyers. With more competition, it becomes even more important to price your home strategically, based on features and square footage. It is also important not to underestimate the impact of curb appeal. Spending a little time sprucing up your lot can pay off in the long run.

After this week's rate decision from the Bank of Canada, there has been a lot of talk about rising mortgage rates. Frank gives those looking for a new mortgage or to renew a sense of security. Any increases to interest rates are widely expected to be very gradual, and today's fixed rates are still at competitive lows. Homeowners with variable rate mortgages coming up for renewal are strongly encouraged to take advantage of today's ten year fixed rates. Those who are unsure about which route to take should never hesitate to call a qualified Mortgage Broker, who can recommend the best course of action for your specific financial situation.

To listen to the full podcast from CFRA, click here.