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Wednesday, February 16, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.35% 2.30% 2 Years 3.60% 2.95% 3 Years 4.15% 3.35% 4 Years 4.94% 3.89% 5 Years 5.19% 3.84% 7 Years 6.35% 4.50% 10 Years 6.50% 5.15% 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: ·         CREA cautions Ottawa on mortgage rules Feb 15, 2011 — The Canadian Real Estate Association cautioned the federal government to stay out of the mortgage market until the effects of recent changes can be gauged, as it suggested buyers raced to secure 35-year mortgages in January before they are banned in late March. ·         Home sales pace hits 9-month high Feb 15, 2011 — Home sales in Canada increased 4.5 per cent in January over the previous month, their highest seasonally adjusted point since last April. The Canadian Real Estate Association said Tuesday the V ancouver and Toronto markets led the way, but there were gains in more than half of all local markets during the month. ·         Why buying U.S. real estate is still a gamble Feb 15, 2011 — The resurgence of the loonie and continued degradation of U.S. home prices are spurring more Canadians to invest in property south of the border. But while this might appear an opportune time to snatch up a retirement home or dream vacation property, experts warn that jumping into these major purchases without doing extensive research is a recipe for disaster. ·         Canadian commercial real estate reborn in 2010 Feb 14, 2011 — The commercial real estate mar ket saw an unprecedented recovery last year, with investment growing 48 per cent as the economy improved and investors returned to the market.