Ricky Shek, RBC Royal Bank of Canada, Mobile Mortgage Specialist

09/14/2019

Learn more about the Government of Canada’s new First-Time Home Buyer Incentive.

09/13/2019

Onwards and upwards: Toronto and Vancouver set a stronger tone in August - RBC Economics, Focus on Canadian Housing

04/08/2019

Spring is here, and so are our promotions!

Please keep in mind this is a special promotion between April 6th 2019 to April 19th 2019! (LIMITED TIME ONLY).

After the 19th our original promotion sets back in at $750 cash back for FTHB.

Cascade this to your clients to provide extra value and have them reach out to me with any questions.

All First Time Home Buyers receive $1750 cash, mortgage must fund by August 17th 2019. Deposited into RBC account.

Clients looking to switch their mortgage over to RBC will receive cash back of $1000 or a WestJet Gift Card for $750. (Appraisal fee and basic legal fees are covered by us, 4 or 5 year terms to qualify).

Ricky Shek | Mobile Mortgage Specialist | RBC Royal Bank | Royal Bank of Canada | Cell: 416 670 9717

03/27/2019

The 2019 Federal Budget was announced on March 19 and includes some incentives for first-time home buyers, including reducing the amount first-time home buyers have to pay for a mortgage without increasing the required down payment.

More details will follow in the coming weeks, but here’s what we know so far:

Canadian Mortgage and Housing Corporation (CMHC) is participating in “shared equity mortgages,” meaning it is sharing in the cost of qualifying Canadians for their mortgages.
CMHC is offering 10 per cent of the total house price of newly constructed homes and 5 per cent for an existing home. While this lowers the monthly cost of the mortgage for home buyers, it’s important to note that the incentive is paid back to the CMHC when the owner sells the house (exact details around this process are still to be determined).
To qualify, household income must be less than $120,000/year.
The amount of the insured mortgage plus the CMHC incentive would be capped at 4 times the household income
In addition, the limit on RRSP withdrawals for first-time homebuyers will be increasing from $25,000 to $35,000.

Ricky Shek | Mortgage Specialist – Toronto North East & Scarborough | RBC Royal Bank | Royal Bank of Canada | 1571 Sandhurst Circle, Scarborough, Ontario M1V 1V2 l Cell: 416 670 9717

08/03/2018

Canadian Housing Market Still Highly Vulnerable - CMHC

An in-depth look at overheating, price acceleration, overvaluation and overbuilding in the release of third quarter 2018.

08/02/2018

Three Financial Tips for Newcomers to Canada - great advice from RBC's Discover and Learn.

If you are new to Canada, one of the first things you will likely do is make sure your finances are in order.

06/01/2018

PSA: gentle reminder Facebook friends, if you are planning on purchasing a property soon or have a mortgage renewing in the next couple of months, please ensure you lock in your rates now! There is speculation that the rates will potentially rise in July!

FYI, RBC has a limited time promotional rate of 2.45% 5 year Variable, last day to apply is June 4th, good for closing up to October 1, 2018.

Contact me for details. Last day to apply is June 4th 2018!

05/16/2018

Switch Your Mortgage to RBC® and get up to $700 in Travel Rewards,
ON THE HOUSE. For a limited time only, see https://bit.ly/2HtQWif for details

You turned a dream into reality when you got your home. Let us help you accomplish even more of your dreams by providing you the right mortgage solution to match your needs. Switch your eligible mortgage to RBC and get ready to travel, ON THE HOUSE.