News from Around the World of Real Estate and More!

Only a week left! Remember that RealCash will be hosting a CMHC course (see post below) on Thursday, November 30th at 9:30am. This will be our second such sponsored event. We have also decided it will be something that we offer on a more regular basis to our clients and referral sources. Call me know at 416.444.7790to register! Or email me now at . See you there!

Now, on with the news!

Century 21 Canada insists that there will not be a Housing Market Crash in the Canada! So with still “high” housing costs its no wonder that us Canadians are spending more on housing than ever before. So, might as well borrow funds then right? Well, according to the Globe and Mail the Pace of Borrowing is Expected to stay HOT HOT HOT!

Before I forget, a happy birthday to my brother Aneez who presently resides in Basingstoke, England! Happy Birthday Brother!!!

Finally! A real estate agent who is going the extra mile in helping New Homebuyers kick the latte habit and afford a new home! Good for you Sally!

Will Baby Boomers ever stop? There they go again! Fueling the Housing Boom – Again! And as a result, One in every Seven Canadians are stuggling to pay for a roof over their heads. Unreal!

Well, that’s all for now! Have a great weekend!

P.S. Happy Anniversary honey!


Karim Kanji
Client Relations
RealCash Bancorp Inc.

One FREE CEU (RECO) credit – Thursday, November 30th 2006

RealCash Bancorp Inc.


Salim Kanji – Home Loans Canada


Jason Mercer, Senior Market Analyst – CMHC

Market Housing Outlook Session

Date: Thursday November 30th 2006
Time: 9:30am – 11:00am
Where: Howard Johnson, Toronto East (Rm.1102)
22 Metropolitan Road (Hwy 401 & Warden Ave.)
Toronto, ON
M1R 2T6

**All Attendees will receive ONE (1) CEU (RECO) credit**

(Toronto’s housing market is at a mature phase of this cycle. Home prices are high and land supply is tight. Demand is increasingly shifting to modestly priced housing. How will intensification shape the distribution of housing demand and supply? Specific emphasis will be placed on the increased popularity of condominium apartments in the Toronto area. The drivers underlying the increased development of this housing type will be considered in depth, including emerging trends in the owner-occupier and investor components of demand.)

**Seating is Limited!! Register Today!**
**To Register Please Fax (416.444.7559) to Karim Kanji of RealCash your list of attendees no later than 9am on Thursday November 23rd 2006**

Seriously…Buy or Rent?

Okay folks, the eternal question still burns in my mind. Should I buy now or should I continue to rent? Or, why should somebody buy or rent their place of residence? Think about it. There are actually valid arguments to be made on both sides of this debate.

Ownership. Why pay someone else’s mortgage when you could pay your own mortgage and also create equity. Renters would argue that bad credit, high housing prices, etc., make it nearly impossible to realize the dream of home ownership. My whole philosophy was that if I rent I never have to worry about maintenance of the home. Landlord takes care of that. I could never understand why people would “live for the weekend” only to spend their time and money on repaving the driveway?! I bet you renters have better weekends than that.

Anyways, there are a million reasons on both sides of this debate. What are some of yours?

Final thoughts: My cousin was recently telling me that over the past 7 years he only paid $3000 in mortgage interest on his house in Ottawa. Well, I just found out that after 25 years at a bargain rate he will pay $250,000 more for a home he purchased for…..$250,000. A half a million dollar home? I don’t think so……


Boom or Bust? And For Who?

Some experts and pundits of all things real estate have suggested 2 very different views of the near future. Many (and they always seem to be employed by banks or real estate companies) say that there will not be a housing bust but rather a softening of the market. They should be in politics, no? And everyone else who has an opinion says there will be a major bust and we can see housing prices tumble significantly (remember the early 1990’s?) while interest rates continue to rise.

Who the heck are we suppossed to believe? If you are looking to me for answers, you are barking up the wrong tree. I’m just here to give you information. You gotta think for yourselves.

In any case, here are some interesting articles for you to mull over….

TD Suggests Bust Has Been Missed?

Still Growing But Veeeeeeeeeeery Slow.

Highest Mortgage Debt Ever…$800 Billion!!

Your Real Estate News for November 8th 2006

Here is a very interesting article on virtual tours:

Please click on the link to read the full article.iseemedia and RealBiz360 introduce the world’s first shoot and stitch “in-camera” panorama and Virtual Tour solution with new Kodak EasyShare V-Series Digital CamerasSource: Canada NewsWire (November 8, 2006 – 9:00 AM EST)

Multiple Starts Edge Higher!

Extendicare Inc. to go ahead with real estate trust conversion despite new tax treatment:

Halifax real estate firm eyes trust conversion

Realtors, Tim Hortons and Canadian Troops:

Real Estate News compiled by RealCash

The Fourth Quarter 2006 edition of CMHC’s Housing Market Outlook Canada is now available and can be accessed by clicking on the link below. (You will be prompted to enter a user id and password so make sure you register!)

One of my favourite sources of information for Canadian Real Estate News is REM Magazine. To view their online version click HERE.

And not to be biased, but THIS site is pretty good as well! 🙂

Garth Turner, Independent MP for Halton has a NEWSday service whcih usually has an article or two related to real estate and all things bricks and motar. You can visit him at:

If you know of any other websites that you feel are relevant to your business, let me know. You can reach me at

Karim Kanji
Manager – Client Relations
RealCash Bancorp Inc.

Some Real Estate News you might be interested in…

Hey folks!

Our new and improved interactive website is almost ready to go! I plan to include this blog within our new website. And 2007 is gonna bring to RealCash and all of you an exciting new delivery tool and business model. I’m pumped! In the meantime, I though I’d share with you some real estate news from around Canada…..

This house isn’t green

GREEN Building…

U.S. Housing woes…is Canada next?

VRM’s – relax!

Central Bank clashes with CMHC!

And That’s The Bottom Line!

So, the kids are back to school, the sky is getting darker earlier, and local stores are packed with Thanksgiving and Halloween memorabilia. Where did the summer go? Trade show season marks the unofficial start to the Realtor’s “New Year”. It’s time to make those listing presentations and help your clients sell and buy their homes.

As with you, it’s time to get my butt back into gear as well. Here at RealCash, we are working to ensure that we continue to provide outstanding service and product to all of you. At present, we are looking to take advantage of new technologies to get cash into your hands even faster and more convenient! I’ll keep you updated on this new and exciting development!

In the meantime, if you are not already a satisfied client of RealCash then I haven’t done my job. Therefore, let me take this e-zine (email magazine) to tell you our story and how you can benefit.

Why commission advances and Why RealCash?

Why wait weeks – even months – to get paid? No other profession does! If all waivers have been signed you are able to get your commission the next day – or even sooner! Why does this benefit you? CASHFLOW! Pay for your bills, mortgage, kids school, and even your business marketing campaign. And guess what? You did not have to get into debt! And the amazing thing is the cost of obtaining an advance is tax deductible! Furthermore, I guarantee that our service will be the best in the industry. And I haven’t even mentioned our simple, low and affordable rates.

Now I know I’m tooting my own horn, so I’m going to end here. And some of our clients are going to talk to you instead. But before I leave you – Thank you. Thank you for reading this e-zine and for allowing RealCash to serve you and your financial needs. To reach me call toll-free at 1.800.265.2694 or 416.444.7790.

My name is Julie Cleaveley and I am a sales representative with Prudential Lifestyles Real Estate in Orillia. I have had a recent opportunity to deal with RealCash and have nothing but good things to say. The people on the phone were very friendly and helpful and my money was in my account by early the next business day and at less than half the cost of Agents Equity. If the need arises again and I need a cash advance I will most certainly deal with RealCash again. I recommended them to my partner who also used them and found them to be very helpful.

Thank You

Julie Cleaveley

I have used RealCash for more than ten years to smooth the cash flow of my real estate business. Not having to wait several months for commissions paid on closing is extremely convenient. I have always had excellent, “hassle-free” dealings with Tony Fragiskos here in Ottawa and have found the Toronto office to be very helpful and efficient when Tony is away. I can thoroughly recommend their program and, having compared it to others, I know that they are more than competitive in their pricing.

Helene Amyotte

“I have known Karim Kanji and his company – RealCash Bancorp Inc. – for the past couple of years. He deals with me in a very professional manner. I have no problem referring him to my agents. Furthermore, I would not hesitate referring RealCash to any of my associates with other Brokers and companies.”

Hamid Azizi

Hats off to Tony Fragiskos and his RealCash team! Ever since I have moved my team to Keller Williams they have provided a quick and seamless service – with a smile. The quality and speed of his communication with agents and with our administrative staff makes for a good experience all around any time we call on him.

Eric Cosgrove

Hi Karim:You are welcome.Just so you know, I did check out other sources 6 years ago and chose Real Cash. I intend to stay with your firm until I go to that horizontal box in the sky. It’s called loyalty.Sometimes when our cable service shuts down I call Rogers and the first thing I hear is “thank you for choosing Rogers.” The truth is I have no choice. When it comes to cash flow, I did and do have a choice and I don’t have to even think about when my deals close in order to balance things.Have a good weekend.

John Heys

“Advance received this am. You have provided an excellent level of service. I will have no hesitation in continuing to do business with RealCash or to recommend you to my colleagues.”

David Cormier
Sales Associate

“Good evening Karim…As always it is great to hear from you. When I was in Halifax, I built up quite a working relationship with your Company. I always appreciated the speedy, professional service that I received from you and your staff when I was in need of your help with commission advances. Rest assured that if I was in need of commission advances that I would certainly be calling on RealCash to take care of those needs.

Have a great day.”

Marlene Wright

“I appreciate doing business with you. Thanks to Joe for the hard work he does to accommodate us. I am fully satisfied with the services provided by your establishment. Thanks.”

Mubashar Dar