About this episode
Mortgage renewals are hitting hard, and for many homeowners, the stress is real—especially with rates doubling and carrying costs climbing. In this episode of The Real Estate Podcast, Ariel Kormendy and Adrian Trott break down what your bank’s renewal offer actually means, why you should never accept it at face value, and how to negotiate better terms. They also cover when it makes sense to shop around, how flexibility in your mortgage can matter more than the rate, and the hard truth about when selling may be the smarter financial move. This is a practical, no-nonsense guide for anyone facing a renewal in today’s market.VIDEO SECTIONS & TIMESTAMPS0:00 Intro – Mortgage renewal stress explained3:14 You can shop around without re-qualifying6:27 Choosing the right mortgage product (not just the rate)8:38 Fixed vs variable: lifestyle matters10:52 When selling may be the smarter move12:07 Long-term vs short-term real estate thinking16:17 Outro/recapWatch on YouTube:https://youtube.com/kormendytrottListen on Spotify:https://open.spotify.com/show/1pwncyet9NydbgTmx5D21kLinktree:https://linktr.ee/kormendytrottInstagram:https://instagram.com/kormendytrottYouTube:https://youtube.com/kormendytrottFacebook:https://facebook.com/kormendytrottX:https://x.com/kormendytrottLinkedIn:https://linkedin.com/company/ktrealtyTikTok:https://tiktok.com/@kormendytrottThe Kormendy Trott Team was formed in 2011 by Ariel Kormendy and Adrian Trott. Originally a team of two in Milton, Ontario, KT has grown into a full-service real estate group serving Halton Region, Peel Region, and the Greater Toronto Area.
