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Issue No. 1 June 3, 2009
Last Chance for Rate Holds!!

Rates as of June 3, 2009
Fixed Rate Mortgages    
6 month convertible            4.75%
1 year open                           6.55%
1 year closed                        2.90%
2 year closed                        3.69%
3 year closed                        3.70%
4 year closed                        3.79%
5 year closed                        3.79% 
7 year closed                        5.50%        

Variable Rate Mortgages    
5 year closed Prime* +1.00% Prime* +.60%
5 year open Prime* +1.50% Prime* +1.00%

Home Equity Line Of Credit

Please call for product availability and rates.

Information from sources deemed to be reliable. Product availability and borrower qualification apply.
*Prime = 2.25%
Rates are increasing!!  We still have some lenders at these great rates.....get your clients in today!

Rod Minnes
Global West Mortgages
Canadians upbeat on financial future
Derek Abma, Financial Post  Published: Thursday, May 21, 2009
A survey of people's attitudes toward the economy shows most Canadians are optimistic about their long-term financial health, but more immediately concerned about how the economic downturn will affect them in the meantime. Results from a TD Canada Trust survey, released yesterday, showed 76% of respondents feeling positive about their long-term financial future. But about as many -- 77% -- have concerns about the short term. Tim Hockey, TD Canada Trust's chief executive, said he was surprised at the level of optimism people had for the long term. "You can't read a newspaper or watch a news show or get on the Internet without hearing the same story about the doom and gloom of the current economic condition," he said. "I would've thought it would colour their longer-term views. I think it's great to see that they're more optimistic."
Year-over-year sales in Calgary's housing market increased in May
By Mario Toneguzzi, Calgary HeraldJune 1, 2009Comments (18)
CALGARY - For the first time in many months, year-over-year sales in Calgary's housing market have increased - an encouraging sign that the real estate industry is moving away from the winter and early spring doldrums.
MLS sales in May for both single-family homes and condominiums were higher than May 2008.
The last time single-family home sales were higher in a month compared with the previous year was in September 2008 while for condos it was April 2007.
There were 1,584 single-family home sales last month, up 15.8 per cent from May 2008, while the condo market saw 653 sales which represented a 13.2 per cent hike from a year ago.
Average sale prices appear to have stabilized in the Calgary market. The average sale price for a single-family home in May was $436,427 while for a condo it was $275,212 compared with $426,311 (single-family) and $277,491 (condo) in April.