Monthly Archives: July 2012

Summer construction update

The municipality gave us our Summer construction update. Construction in various areas of the city will continue well into September.

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XCEEDs Super Prime Mortgage of 2.84% for Clients With Premium Credit

“Good” credit and “excellent” credit generally get you about the same mortgage rate, until now.

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RRRibbit, Recycling, and Me in the RMWB

Recycling in the RMWB: RRRibbit, Recycling, and Me in the RMWB. The RMWB announces recycling initiatives with the arrival of our new black and blue bins.

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Bank of Canada keeps interest rates on hold

Bank of Canada keeps interest rates on hold. The Bank of Canada kept its overnight rate target at 1 per cent on July 17th, 2012. Borrowing costs have been unchanged at this level since September 2010.

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New Mortgage Rules Provide Opportunity for Credit Unions

Now that the new mortgage rules from the OSFI have taken effect, there are Opportunities for Some Credit Unions.

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Electricity usage soars with heat wave

The Alberta Electric System Operator is asking us all to be as energy-conscious as possible. The province set an all-time record for energy use on Monday as we collectively cranked our AC units. Electricity usage soars with heat wave.

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Mortgage Rules Changed

Taking effect July 9, 2012, we Canadians will experience the 4th round of amortization rules in as many years.

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Eight years for Highway 63 twinning

Fort McMurray-Wood Buffalo MLA Mike Allen prepared his report to Minister of Transportation Ric McIver. The report outlines the $550M budget and eight years to twin Highway 63.

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Five red flags over joint ventures

With the new mortgage rules taking effect in a week, Joint Ventures may begin to increase in popularity. JVs are business agreements where parties agree to develop a new entity and new assets by contributing equity. They exercise control over … Continue reading

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