Mortgage 101 with Clinton Wilkins & Todd Veinotte

• Mortgage 101 - Navigating Mortgage Trends

  Todd Veinotte and Clinton Wilkins discuss the impact of the federal election, economic factors, such as interest rates, inflation, and tariffs, and their effects on the housing market and construction materials.

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  10:32
• Mortgage 101 - The Interest Rate Impact

  Todd Veinotte and Clinton Wilkins discuss the current state of the mortgage market, highlighting the busy spring real estate season and the impact of interest rates. Clinton notes that interest rates are trending downward but are influenced by various factors, including federal government policies and inflation. He emphasizes the importance of building long-term relationships with clients and providing personalized advice rather than just offering the lowest rates. Clinton also stresses the value of consistent advice and the importance of being proactive in addressing financial issues.

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  10:40
• Mortgage 101 - The Effect of Urban Sprawl

  Todd Veinotte and Clinton Wilkins discuss the Halifax real estate market with special guest Keith Kenny, a realtor from Century 21 Optimum. They highlight Dartmouth downtown and Fairview as good investment opportunities, noting the city's urban development and infrastructure challenges. They discuss the impact of urban sprawl on municipal services and the importance of transit and road infrastructure. Keith mentions the demand for one-level living among older buyers and the lack of affordable options in HRM. They also touch on the influence of national reports on local markets and the role of military relocations in the real estate sector. 

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  14:13
• Mortgage 101 - Transparency in Transactions

  Keith Kenny, a realtor from Century 21 Optimum with 13 years of experience, discussed the Halifax real estate market. He noted a slight increase in inventory, cautious optimism among buyers, and the impact of political and economic uncertainties. Buyers are now more cautious, with many offers being rejected. The average home price in HRM is around $633,000, with anything below $600,000 being highly competitive. Kenny emphasized the importance of accurate listing prices to avoid wasting time and setting unrealistic expectations. He also highlighted the need for transparency in transactions to avoid buyer's remorse. 

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  10:38
• Mortgage 101 - The Need for New Homes

  Todd Veinotte and Clinton Wilkins discuss the mortgage industry and its challenges. Clinton talks about managing his 20,000+ clients, and the impact of external factors like elections and tariffs on client mental health. They explore the potential impact of political promises to reduce GST on new homes under $1.3 million, explaining how it could lower purchase prices. Clinton notes the need for more housing inventory in Halifax to meet demand and discusses the affordability issues.

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  10:51

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