Here is your Morning News Rundown for Wednesday, August 7:

June’s Flood Impacts Calgary’s Real Estate Market – 660News

Building Permits, June 2013 – Statistics Canada

Calgary Leads Nation in Building Permit Growth – Calgary Herald

Homeless Group Fears CMHC Bank Cap Will Tighten Rental Market – CBCNews Calgary

Attainable Homes Breaks Ground in Calgary’s West Springs – Avenue Magazine

96 Ave. Extension Officially Opens in Northeast Calgary – Calgary Sun

Communities Fear Falling Down Priority List for Flood Repairs – Calgary Herald

Tax Break Approved for Hardest Hit Homeowners – Banff Crag and Canyon

Ottawa’s Latest Housing Crackdown Has Some Wondering – Why Now? – Financial Post

Housing Poised for Upward Swing, Royal LePage Says – CBCNews

RBC Downgrades Zillow, Sees Little Upside Left After 220% Rally in 2013 – Globe and Mail


  1. With all of the choices avblaiale to consumers in today’s mortgage market, you may ask yourself, Why should I use a mortgage broker? That’s a great question and the reason is the same as the question: because there are so many choices avblaiale to consumers in today’s mortgage market.Many of the country’s most wealthy individuals rely on financial advisors to manage their portfolio, and that’s what using a mortgage broker is like; it’s like having your own personal advisor for your financing. Mortgage brokers are typically compensated by the lender that funds the consumer’s mortgage, so there is normally no cost to the consumer.One of the most important points about the advice that a qualified mortgage broker will provide is that while products from lenders will change, along with their rates, resulting in different lenders at different times being right for you, your mortgage broker will always remain the same. Your mortgage broker will be there for you throughout your life, assisting you in your financing needs and providing valuable advice. That’s only one reason, however. There are many more. I would urge you to contact your local mortgage broker and speak with him or her to find out just how beneficial a broker can be for you.Joe White,PresidentReal Estate and Mortgage Institute of Canada Inc.


Please enter your comment!
Please enter your name here