Weekly Newsletter

Wednesday, March 9, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.50% 2.64% 2 Years 3.75% 3.29% 3 Years 4.35% 3.35% 4 Years 5.14% 3.89% 5 Years 5.44% 3.84% 7 Years 6.60% 4.85% 10 Years 6.75% 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: ·         Canadian housing starts edge up in February Mar 08, 2011 — Home construction edged up more than expected in February, led mainly by multiple-unit starts in Ontario and the Prairie provinces, Canada Mortgage and Housing Corp. said Tuesday. ·         Loonie slips, further slide seen if oil drops Mar 08, 2011 — The Canadian dollar was slightly softer against the U.S. currency on Tuesday and could be ripe for a steep fall if crude prices slide from 2-1/2 year highs fueled by unrest in Libya and oil disruption worries. If any of the data is softer than expected, the Canadian dollar will likely sell off and could trim anticipation of an interest rate hike before midyear, analysts said. ·         Toronto Real Estate Market Statistics Mar 08, 2011 — In last month's market update I looked at whether Toronto real estate prices were heading up or down by comparing conflicting figures published by the Toronto Real Estate Board (TREB) and the Teranet National House Price Index. This month all signs are pointing to a rise in Toronto real estate prices. ·         Building permits drop 5.1% in January Mar 0 7, 2011 — The overall value of Canadian building permits unexpectedly dropped by 5.1 per cent in January from December on a decline in the residential and nonresidential sectors, Statistics Canada data indicated Monday.