In this episode (#169) of KT Confidential, The Real Estate Podcast, Adrian and Ariel talk about if the recent Mortgage Rate Increase will affect the Spring Market. The period of ultra-low pandemic interest rates, which have aided in the rise of Canadian housing prices to all-time highs, may be drawing to a close.
All of that and more on KT Confidential – The Real Estate Podcast.
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Episode Breakdown:
00:00 – Intro
1:34 – Will the Rates hinder first-time homebuyers?
5:31 – Over Asking
9:32 – Spot on Predictions
12:53 – 2017 Market vs Present Day Market
14:27 – Cost of Living Increase
20:17 – Inventory
23:13 – Foreign Properties
26:06 – Outro
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Watch the previous episode here
Catch clips and highlights of the show here
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The founders, Ariel Kormendy and Adrian Trott, started The Kormendy Trott Team, a real estate team based out of Halton region in Ontario, after both being in need of a change from their successful careers in the automotive industry and both experiencing the lack of service being provided in the real estate industry. They kicked off their careers in 2011 and quickly became a top-performing team in the country, ranking 17th of approximately 200 for Century 21 in 2017; as a team of just the two, compared to much larger teams. They decided that they needed to take their team from being real estate agents in Milton to the rest of the GTA and beyond by expanding and servicing more areas. The team has since grown to have an administrative arm, media department and successful sales team operating a smooth running and successful business. Follow them on social for behind the scenes info, real estate tips, industry secrets and more.
