RBC HOME EQUITY MARKET NEWSLETTER

Making sense of mortgage rates in today’s economy

Many prospective homebuyers are wondering what has happened to mortgage rates in 2009, and where they may go from here. RBC Economics Research recently updated its’ outlook, and here is what the group has to report.

Since hitting a low in January of 2009, longer-term interest rates have trended higher with the move accelerating in July. The prospect that the worst is over for the global economy is giving investors the confidence to venture out of low-return fixed income securities and seek higher risk investments.  While we expect many bumps on the road to recovery we still see potential for a very modest decrease in long-term rates in the final quarter of this year.

Outlook for the future

Momentum in the global economy appears to be changing. Leading indicators currently point to the end of economic contraction for the industrialized world in the third quarter of 2009. Stimulus from central banks, combined with government fiscal stimulus packages, is expected to support a fledgling recovery that is forecast to build momentum in 2010.

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Incredible value in this 2008 quality built three bedroom bungalow.  This home features 2 full bathrooms on the main floor, main floor laundry, great room concept kitchen/dining room and livingroom.   The basement has 8″ICF x 9′ ceilings and is ready for your design.    The deck is on and made of treated materials for a longer life.  There is a 24′ x 24′ attached garage that is insulated, drywalled and painted.  The driveway is finished using exposed aggregate.  Located on a quiet cul-de-sac on a new street in a wonderful little community.    This home has been occupied.  Therefore, it is not sold as new.  GST is included in price with the GST rebate back to builder.   For more information…visit Sharon’s listing on the MLS #E3204913   $289,000

This brand New home located in Legal is close to schools, parks, playgrounds, 20 minutes from St. Albert, close to Morinville and is located on a quiet Cul De Sac.  $310,000  GST rebate back to builder.

 
 FEATURES:

This stunning Brand New 2 storey home in Legal offers 1827 square feet, 3 bedrooms, 2.5 bathrooms, ensuite, hardwood floors, Maple cabinets, crown moulding, upgraded faucets, upgraded Berber carpet, California knock down ceilings, deck in front and back, upgraded shower doors and windows, round corners, finished double attached garage, main floor laundry room, great room and gas fireplace.

This home is full of features and upgrades and everything is new with energy efficient windows and furnace.

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Rio Terrace Community Preschool Annual Silent Auction

When: Friday, November 20th, 2009 at 7:00 p.m.
Where: Rio Terrace Community League: 15500-76 Ave, Edmonton, Alberta

All proceeds benefit the children of Rio Terrace Community Preschool. As a non-profit organization, the money raised from this event helps maintain a quality preschool in areas of field trips, classroom visitors, educational toys, and preschool maintenance!

AUCTION ITEMS INCLUDE:
-Gold seat Oilers Tickets ,centre ice (valued at $500.00)
-Signed Oilers Jersey
-LARGE Spa basket with high end beauty products
-Kelty Carrier (valued at $320.00)
-Remote control airplane
-craft container filled with supplies
-Sports for Kids gift certificates; basketball, soccer and tennis! (8 certificates with a total value of
$1200.00+)
-Free children’s birthday party gift certificate, to be held at Rio Terrace Community Preschool by Teacher
-2 spa baskets, including certificates for a free massage
-Local abstract artist piece (valued at $1000.00+)
And SO many more!

Enjoy a fun social night out and do your Christmas shopping at the same time!

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On November 11, 1999 Terry Kelly was in a drug store in Dartmouth, Nova Scotia. At 10:55 AM an announcement came over the stores PA asking customers who would still be on the premises at 11:00 AM to give two minutes of silence in respect to the veterans who have sacrificed so much for us. Read the rest of this entry »

In Flanders Fields

In Flanders fields the poppies blow
Between the crosses, row on row
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.

We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved, and now we lie
In Flanders fields. Read the rest of this entry »

Just a quick note from Tony and Roberta of RBC to let you know about RBC’s Special Homeline Plan Credit Line Rate.

The RBC Homeline Plan is at Prime + .50%. Effective (Nov 2, 2009) the rate would be at 2.75%. (RBC Prime is at 2.25% today).

Call Roberta Melik or Tony Kovacic at 780-418-7224 for more information and let them show you how the RBC Homeline Plan Lines of Credit can benefit you.

Sharon at 780-702-9999 for more information. $900 Rent. Available December 1, 2009.
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2 Bedrooms plus Den
Fully Renovated
Insuite Laundry
Huge patio! Private
Underground, Heated Parking
Laminate and Ceramic flooring
Newer Kitchen (full size fridge, stove, dishwasher)
Excellent security system
Convenience Store in building
Heat/Water included
Available December 1
Close to downtown
Close to bussing, shopping, schools, daycares
10514-92 Street
Approx 755 sq ft
$1195 (dd same)
No Smoking
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Call Sharon at 780-702-9999 for more information and to view.
Sharon Gregresh RE/Max Real Estate & PropertyFusion.ca