By Paul Zammit
We watch the Market like a Stock Broker - I am constantly asked were the market is headed.
Heres whats about to happen
1 Sellers will start to withdraw from the market in the next 30 days - They will become sick if you will of the negativity.
2. Buyers will have less properties to choose from. (As hard as that is to believe)
3. Rates will come down to help kick start the market.
4. Supply and demand will mean that we may head back to a neutral to Sellers market for a very short period of time in the next 60 days for a period of say 30 days.
5. Corporations will be transferring employees more that ever this year and they will be buying homes during the months of December and January, so watch out for those relos !
Our Recommendation if you are a Seller - Stay on the market ! If being on the market during the holidays is bothersome I think taking the sign down from Dec 10th till Jan 10th is probably a smart thing to do to avoid social negativity during the peaceful fast approachingng holiday season.
If you are a buyer - think long term - unless you are selling in the next year be concerned about a falling market re price, but if you are buying and holding onto your real estate for 4 to 5 years you virtually won't be losing any money because the market pricing will come back in full force and effect by then.
In the meantime, stay positive, stay lean, keep smiling and keep the economy moving and build equity !!
Paul
RBC Bank President Gordon Nixon - Salary $11.73 Million
$100,000 - MISTAKE (FISHERMEN'S LOAN)
I'm a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your RBC Bank account.
There was no monthly interest payment date or amount of interest payable per month on my loan agreement. Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract.
Demand loan agreements signed by other fishermen around the same time disclosed monthly interest payment dates and interest amounts payable per month.The lending policy for fishermen did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC.
Only problem is the loans officer was a replacement who wasn't familiar with these type of loans. She never informed me verbally or in writing about this new criteria.
Phone or e-mail:
RBC President, Gordon Nixon, Toronto (416)974-6415
RBC Vice President, Sales, Anne Lockie, Toronto (416)974-6821
RBC President, Atlantic Provinces, Greg Grice (902)421-8112 mail to:greg.grice@rbc.com
RBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600
RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302 mail to:brian.conway@rbc.com
RBC Vice President, Halifax Region, Tammy Holland (902)421-8112 mail to:tammy.holland@rbc.com
RBC Senior Manager, Media & Public Relations, Beja Rodeck (416)974-5506 mail to:beja.rodeck@rbc.com
RBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542 mail to:ombudsman@rbc.com
Ombudsman for Banking Services & Investments, JoAnne Olafson, Toronto, 1-888-451-4519 mail to:ombudsman@obsi.ca
http://www.corporatebully.ca
http://www.youtube.com/CORPORATEBULLY
"Fighting the Royal Bank of Canada (RBC Bank) one customer at a time"
Posted by: corporatebully | November 22, 2008 at 08:23 PM
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Posted by: GLADSTONE SIX | November 25, 2008 at 03:00 PM
Helpful post...
Regards,
http://www.saibposervices.com/Real_Estate_Process_outsourcing_services.aspx
SBL Real estate services
Posted by: SBL Real estate services | February 12, 2009 at 03:37 AM
Good piece of writing....
Regards,
http://www.saibposervices.com/Real_Estate_Process_outsourcing_services.aspx
Real estate services
Posted by: Real estate services | March 05, 2009 at 06:48 AM
Really good post, this will help me a lot in the future.
Guelp Real Estate Agent
Posted by: Toronto Real Estate Agent | January 08, 2010 at 07:43 AM