The Real Estate Podcast
ALL You Need to Know as a First-Time Homebuyer | The Real Estate Podcast EP322
In this episode, we break down the latest opportunities for first-time homebuyers in today’s real estate market. With home prices stabilizing, mortgage rates dropping, and new programs allowing purchases up to $1.5M with less than 20% down, now could be the perfect time to buy. Sherry joins us to discuss insured mortgages, the updated RRSP Home Buyer’s Plan, and the growing trend of generational wealth transfers helping buyers get into the market. Don’t miss expert insights and actionable tips to navigate this exciting time for homebuyers.
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0:20 – Intro
3:10 – Why Home Prices and Mortgage Rates Are Dropping in 2024
5:29 – How to Buy a Home Worth Up to $1.5M with Less Than 20% Down
7:40 – Switching Lenders Made Easier with Insured Mortgages
11:06 – Maximize Savings with First-Time Homebuyer Incentives
13:33 – The Rise of Generational Wealth and Gifting in Real Estate
19:34 – Why a Tax or Financial Planner Is Key for First-Time Buyers
21:49 – Your First Home Doesn't Have to Be Your Forever Home
30:28 – Detached Homes vs. Condos: Which One Is Right for You?
33:07 – How a Great Real Estate Agent Can Make All the Difference
37:26 – Outro/recap
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Want more real estate podcast discussions?
Watch it here: youtu.be/uLhNb8fdHt4
Listen to it here: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
Catch clips and highlights of the show here: http://www.instagram.com/kormendytrott
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Our Social:
Instagram: http://www.instagram.com/kormendytrott
YouTube: www.youtube.com/user/kormendytrott
Facebook: http://www.facebook.com/kormendytrott
Twitter: http://www.twitter.com/KormendyTrott
Spotify: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
LinkedIn: http://www.linkedin.com/company/ktrealty
Pinterest: http://www.pinterest.ca/KormendyTrott
TikTok: http://www.tiktok.com/@kormendytrott?lang=en
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In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.
Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.
We’d appreciate it if you’d subscribe and follow us for behind-the-scenes footage, real estate tips, industry secrets, exclusive listings, The Real Estate Podcast, and more!
- Broadcast on:
- 13 Jan 2025
In this episode, we break down the latest opportunities for first-time homebuyers in today’s real estate market. With home prices stabilizing, mortgage rates dropping, and new programs allowing purchases up to $1.5M with less than 20% down, now could be the perfect time to buy. Sherry joins us to discuss insured mortgages, the updated RRSP Home Buyer’s Plan, and the growing trend of generational wealth transfers helping buyers get into the market. Don’t miss expert insights and actionable tips to navigate this exciting time for homebuyers.
************************
0:20 – Intro
3:10 – Why Home Prices and Mortgage Rates Are Dropping in 2024
5:29 – How to Buy a Home Worth Up to $1.5M with Less Than 20% Down
7:40 – Switching Lenders Made Easier with Insured Mortgages
11:06 – Maximize Savings with First-Time Homebuyer Incentives
13:33 – The Rise of Generational Wealth and Gifting in Real Estate
19:34 – Why a Tax or Financial Planner Is Key for First-Time Buyers
21:49 – Your First Home Doesn't Have to Be Your Forever Home
30:28 – Detached Homes vs. Condos: Which One Is Right for You?
33:07 – How a Great Real Estate Agent Can Make All the Difference
37:26 – Outro/recap
************************
Want more real estate podcast discussions?
Watch it here: youtu.be/uLhNb8fdHt4
Listen to it here: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
Catch clips and highlights of the show here: http://www.instagram.com/kormendytrott
************************
Our Social:
Instagram: http://www.instagram.com/kormendytrott
YouTube: www.youtube.com/user/kormendytrott
Facebook: http://www.facebook.com/kormendytrott
Twitter: http://www.twitter.com/KormendyTrott
Spotify: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
LinkedIn: http://www.linkedin.com/company/ktrealty
Pinterest: http://www.pinterest.ca/KormendyTrott
TikTok: http://www.tiktok.com/@kormendytrott?lang=en
************************
In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.
Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.
We’d appreciate it if you’d subscribe and follow us for behind-the-scenes footage, real estate tips, industry secrets, exclusive listings, The Real Estate Podcast, and more!