This weeks newsletter

Wednesday, May 4, 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: ·         April home sales decline May 03, 2011 — April was a washout for real estate sales in Greater Victoria. Despite the arrival of spring, when the market traditionally picks up, the total number of sales last month came in at 574, down from 622 in March. April's total sales also trailed the same month last year when 756 properties changed hands. ·         Turf war rages over discount real estate May 03, 2011 — The federal Competition Bureau may have to intervene once again in a fight between discount brokerages and the provincial associations that govern organized real estate over what has become a jurisdictional turf war. ·         New fight over MLS listings May 02, 2011 — A fresh fight is brewing in the home sales industry, as the associations that represent real estate agents try to enforce restrictions on new, lower-cost competitors in an effort to prevent them from doing business across provincial boundaries. ·         Election slowing spring housing market May 02, 2011 — Who is winning this election? Based on lawn signs you might say Re/Max or Royal LePage. There are a lot of signs hammered into lawns these days but not all of them are the type the real estate community likes to see. It's tough to sell homes during an election.