Weekly Newsletter

Tuesday, January 3, 2012 Current Rates:   Terms The Bank Our Rates 1 Year 3.50% 2.75% 2 Years 3.85% 2.84% 3 Years 4.05% 2.99% 4 Years 4.79% 3.19% 5 Years 5.29% 3.29% 7 Years 6.35% 3.99% 10 Years 6.75% 4.49% VIRM 3.00% 2.80% The prime rate is 3.00%     Shawn Mooney (403) 945-8769 mortgages@shawnmooney.com Contact Info: Serving Alberta (403) 945-8769 Toll Free 1-866-388-1838

Current News: ·         Commercial real estate chugs ahead Jan 03, 2012 — If 2010 was the year that Canada's commercial property market largely thrived - rather than imploding, as many industry watchers had predicted - 2011 will likely go down as another year that exceeded expectations. ·         Housing prices to increase in 2012 Dec 31, 2011 — Builders have been consistent in their message to consumers: If you've been waiting for house prices to come down, you're waiting in vain. As the industry gets set for the first business day of 2012 on Tuesday, the message is that prices will be going up. ·         Real estate bubble in 2012? Nah Dec 31, 2011 — As global housing markets coughed and sputtered in 2011, Canada's barreled ahead, even turning a few nervous heads along the way. Is there really a cause for alarm? Are we doomed to ride this white-knuckled rollercoaster in 2012? Probably not, according to Benjamin Tal, deputy chief economist of CIBC. ·         IMF calls for review of CMHC risk management Dec 23, 2011 — The International Monetary Fund is calling for a review of the rules that govern Canada Mortgage and Housing Corp. to ensure there is sufficient oversight of the Crown corporation.