In the News

Wednesday, January 26, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.35% 2.54% 2 Years 3.60% 3.10% 3 Years 4.15% 3.39% 4 Years 4.94% 3.60% 5 Years 5.19% 3.65% 7 Years 6.35% 4.50% 10 Years 6.50% 4.95% VIRM 3.00% 2.20% The prime rate is 3.00% Shawn Mooney (403) 945-8769 mortgages@shawnmooney.com Contact Info: AIRDRIE, Alberta (403) 945-8769

Current News: ·         Home prices less affordable across Canada Jan 25, 2011 — British Columbia continues to be the least affordable area in Canada, but in 2010, Saskatoon overtook both Edmonton and Calgary in housing costs, while Montreal became less affordable than Toronto for the first time in years, according to a study released Tuesday by a Canadian think-tank. ·         Inflation rate rises to 2.4% on gas hikes Jan 25, 2011 — Higher costs at gas stations pushed Canada's overall inflation rate up to 2.4 per cent in December, a jump of 4/10ths of a point from the previous month. Still, economists note that inflation remains relatively tame in Canada. The much-watched Bank of Canada core index, which excludes volatile items such as energy, rose only one-tenth of a point in December to 1.5 per cent. That is still well below the central bank's desired target of two per cent. ·         Home prices drop faster in major U.S. cities Jan 25, 2011 — Home prices are falling across most of America's largest cities, and average prices in eight major markets have hit their lowest point since the housing bust. ·         Calgary condo sells for record $4.1 million Jan 25, 2011 — A luxury penthouse condominium in the downtown Eau Claire area sold for $4.1 million on the weekend - the highest MLS sale price for a condo in Calgary, the Herald has learned. The condo was listed at $4.497 million.