Stability in Housing 2011 and 2012

recent article in the Globe and Mail said;

Housing market will be stable next two years: RBC

A stronger economy will offset the effects of higher mortgage rates and keep Canadian house prices stable over the next two years, according to the Royal Bank of Canada.

In a market update that has the bank forecasting price gains of 0.5 per cent in 2011 and 1.3 per cent in 2012, economist Robert Hogue said that after two years of “gyrating wildly,” the Canadian housing market is likely to be a much less interesting place for the next several years.

“Going forward, we see nearly perfectly offsetting forces driving Canada’s housing market,” he said. “On the upside, the economic recovery will gather strength in 2011, continuing to boost employment and family incomes. On the downside, interest rates are expected to rise.”

http://www.theglobeandmail.com/report-on-business/economy/housing/housing-market-will-be-stable-next-two-years-rbc/article1901168/

Lindsay Doke; with an increase in interest rates on the horizon, slowed economic appreciation in many markets, it is prudent to examine what profits or income you will make when borrowing on investments.

Especially with [heloc] Home Equity Lines of Credit If you consider purchasing investment be confident that they will make you money in excess of your cost of borrowing.

Zero Down Payment Toronto Real Estate

The real ZERO DOWN

If you are struggling to save up that 5% down payment to buy your home and are tired of paying your landlord’s mortgage then let me help you.

In exchange for your good credit history, RBC Financial will allow you to use both your credit line and credit card limits towards your down payment. All you need are the closing costs.

This is now easier, since the Ontario Government is providing a $2,000 credit towards your Land Transfer Tax.

Please call me Lindsay Doke RBC Financial Trusted Mortgage Advisor 416-464-6423. & let’s get started..

Welcome to Canada

A growing number of my clients are now coming from overseas and many of these clients find the process of settling in Canada and buying their first home to be challenging.

If these clients are either in on your data base or your web site is marketing externally to them here is what "value added" we can offer them at RBC

• Strength you can trust with the largest branch and ATM network in the country and a ranking in the top 10 of "the safest banks in the world"
• A strong international presence with clients now in over 150 countries world wide
• A no annual fee credit card to build Canadian credit history

Make sure your clients know about the RBC suite of products to enable them to make moving to Canada and buying their first home a rewarding experience.

This marketing piece is an excellent attachment to send to them particularly since initial contact may be strictly email.

Welcome to Canada Package 30048_Eng.pdf.3618204.6

Lindsay Doke |Mortgage Specialist |RBC Royal Bank |T. 416-464-6423 |F. 905-785-2325|Web. http://mortgage.rbc.com/lindsay.doke

advice you can bank on

Get your home equity working

Get Your Home Equity Working

Whatever your home financing needs are, as a mobile mortgage specialist with RBC Royal Bank®, I can help. To help you get started, call me and I’ll send you any or all of these special reports absolutely free:

> 8 common mistakes first-time homebuyers make

> Are you ready to move from renting to owning?

> Fixed rate, variable rate, or both?

I’ll be happy to answer your questions, provide advice on a range of home equity financing products, help you calculate costs and explain your options. Just call me at 416-464-6423 and let me know where you’d like to meet — at your home, your workplace or anywhere that’s convenient for you.

Lindsay Doke

Cel: 416-464-6423

lindsay.doke@rbc.com

2011 Is it Time to start owning?

Lindsay Doke RBC Trusted Mortgage advisor

Rent vs Owning

The Canadian Association of Accredited Mortgage Professionals issued their own Rent vs Buying comparison chart. Give this a try; http://www.caamp.org/mortgage-calculators.php?pid=502

Even with interest rates low and expected appreciation in houses to be modest; consider the benefits of home ownership and equity building. Give me a call to get you started.

Lindsay Doke can be reached at 416 464 6423