Weekly Newsletter

Wednesday, April 27, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.70% 2.64% 2 Years 4.05% 3.35% 3 Years 4.55% 3.62% 4 Years 5.19% 3.79% 5 Years 5.69% 3.89% 7 Years 6.49% 4.79% 10 Years 6.85% 4.99% 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: ·         Easing the tax hit for investment property owner Apr 21, 2011 — Whether it's a duplex, a cottage or a Florida getaway, a second property can be a rewarding investment over time. But if you're not careful, it can prove taxing as well. A little planning goes a long way. ·         Fall in love while shopping for a home Apr 21, 2011 — First-time homebuyers should behave like investors because that's how they'll save money and ultimately live a happier life, says Don Campbell, a Vancouver real estate expert. < /li> ·         New real estate protectionism is misguided Apr 21, 2011 — In the last two months, we've sold over 700 condos in Toronto. Sixty per cent went to Mainland Chinese buyers. In meccas like Richmond, 98 per cent of the hundreds of homes we've sold are to buyers who are Chinese. Even in White Rock, we sold 35 per cent of a new condo tower to buyers from Mainland China. For a new market like White Rock, that's a shocking number. ·         Finding a realtor who works for you Apr 21, 2011 — The real estate market traditionally heats up each spring, and for first time homebuyers, finding the right realtor is an important step to help you on your search. Here's a checklist on how to find the right one for you.