In this episode of the Ottawa Real Estate Podcast, hosts Greg Campbell and David Warren cover a range of critical topics for home buyers and investors. They discuss the nuances of obtaining home insurance for properties with wood stoves, fireplaces, and Poly B piping, emphasizing the importance of wet certificates. The episode also dives into significant shifts in Canada's real estate market, with a focus on the dynamics in cities like Toronto, Vancouver, and Ottawa, and includes detailed insights into the Orleans neighborhood. The hosts tackle controversial issues such as the impact of COVID-19 and immigration policies on property pricing, the real estate crisis tied to supply and demand, and debate over the $500K townhouse market. Additionally, they explain the 'Right of First Refusal' in real estate transactions and offer practical tips for buyers and sellers navigating this condition. Predictions for interest rate drops by major banks and their implications are explored, along with the effects of changes in immigration policy and international student enrollment on the housing market.
01:22 The Ottawa Real Estate Podcast Introduction
03:11 Insurance Challenges: Wet Certificates and Poly B Piping
11:34 Market Trends and Buyer Tips
20:03 The Real Estate Market Dynamics
21:35 Canadian Inflation and Rate Cuts
23:40 Impact of Immigration Policies on Real Estate
27:06 Market Stats: Orleans Real Estate Overview
31:13 Understanding Right of First Refusal
36:33 Real Life Scenarios and Advice
39:16 Mood Boosts and Closing Remarks
Get in touch with us!
Paul Stevenson - Mortgage Agent Level 2
Email: paul@paulstevenson.ca
Phone: 1-613-263-4543
https://www.paulstevenson.ca
David Warren - Referral Mortgages
Email: david@referralmortgages.com
Phone: 1-613-686-6003
https://www.referralmortgages.com/
Greg Campbell - The Campbell Maric Group/EXP Realty
Email: greg@tcmgrealty.ca
Phone: 1-613-614-0179
https://www.yourhomeinottawa.ca/
If you have a question or topic you'd like to hear us discuss send us an email at: paulgregdave@gmail.com or leave us a comment below!
New Episodes of the podcast are available on Wednesdays at 10AM on all podcast services and at www.theottawarealestatepodcast.com
Brought to you by Referral Mortgages, The Campbell-Maric Group, PaulStevenson.ca, Guertin/Poirier Law, Centum Mortgage
