MORTGAGE RATES UPDATED
With access to over 30 competing banks, trust and life insurance companies, Dave Trithart can find the right combination of mortgage features, options and rates to meet your needs. You’ll get the best mortgage rate possible for the type of mortgage that meets your needs.
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MORTGAGE RATES
TERM - MARKET RATE* - BEST RATE†
6 month 6.40% 5.75%
1 year closed 6.55% 5.25%
2 year closed 6.65% 5.35%
3 year closed 6.75% 5.45%
4 year closed 6.80% 5.45%
5 year closed 6.95% 5.50%
6 year closed 7.05% 5.70%
7 year closed 7.10% 5.60%
10 year closed 7.55% 5.75%

Call today and ask about an Adjustable Rate Mortgage at a rate today of 5.15% !!!!
Bank Prime Lending Rate is currently 6.00%.

Market rate is the posted rate offered by the majority of Canadian financial insitutions. E&OE† OAC. Certain conditions may apply. Rate subject to borrower, property qualification and can change without notice.Mortgage Intelligence is Canada’s largest and fastest growing mortgage brokerage firm and a subsidiary of GMAC Residential Funding of Canada.For more information on any of these mortgage terms or how Dave can arrange a financing package to suit your individual needs, please contact Dave Trithart @ 440-9313 Ext-306.

NEW HOME CONSTRUCTION MAINTAINS SIZZLING PACE

Edmonton - According to preliminary fugures released today by Canada Mortgage and Housing Corporation (CMHC), total residential housing starts across the capital region acheived their best June performance on record. Total housing starts across the Capital region achived their best june performance on record. Total housing starts in the Edmonton Census Metropolitan Area (CMA) increased 31 percent from 1,183 units in June 2005 to 1,547 units in June 2006. Six months into the year, total new home construction is 14 per cent ahead of activity reported during the first half of 2005.

To read the rest of this article from CMHC please Click Here.