Wednesday, January 5, 2011

Weekly News Letter



Wednesday, January 5, 2011
Current Rates:


Terms
The Bank
Our Rates
1 Year
3.35%
2.54%
2 Years
3.60%
3.05%
3 Years
4.15%
3.19%
4 Years
4.94%
3.59%
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
Shawn Mooney
(403) 945-8769
mortgages@shawnmooney.com
Contact Info:
AIRDRIE, Alberta
(403) 945-8769


Bayfield Mortgage Professionals


Current News:
·         Financial need delays retirement plans
Jan 04, 2011 — Seven in 10 Canadians plan to keep on working during retirement, with 38 per cent saying they'll keep toiling because they can't afford not to. But as the country's work force ages, that's not the only reason why people are staying on the job longer, according to a Bank of Nova Scotia poll released Tuesday. Of those who plan to work after retirement, 72 per cent say they want to remain mentally active, while 57 per cent want to stay socially connected.
·         Office market rises above global malaise
Jan 04, 2011 — It wasn't long ago that some industry experts were predicting challenging times for Calgary's downtown commercial real estate market. But a surprising thing happened this past year, companies were taking up space at a record amount.
·         The $65,000 summer home
Jan 04, 2011 — When the North American housing market collapsed in 2008, Florida turned into foreclosure alley. With the loonie riding high against the U.S. dollar, housing prices in free fall and Canadian bank branches blooming all over the Sunshine State, real estate-savvy, vitamin D-deprived Torontonians smelled opportunity. Great bargains and warm weather aren't the only reasons Florida is turning into Toronto South: the recent buyers we talked to discovered there's much more to the state than strip malls, track suits and theme parks.
·         Year marked tale of two markets
Jan 03, 2011 — The only constant in Calgary's new homes market in 2010 was its tendency toward inconsistency. Talk to single-family home builders and, to a person, they will detail how erratic the year was in terms of sales and construction starts.

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