All Blog Entries by John Mayberry

There are currently 137 blog entries published by John Mayberry.


 



 

Five Things Condo Owners Should Do Before Buying

1) Read the reserve fund study | Reserve Fund Studies are mandatory for all condo corporations. The purpose is to ensure that the condo board has enough money in reserve to pay for any repairs or replacement of the building and its assets. 

2) Read the condo board minutes | Each board is required to make the minutes of the meetings available to all the unit owners in the building. If there are any problems with the building they will be discussed at the board meeting and should be in the minutes.

3) Check if the building was built with post tension cables | Steel cables are run through the concrete in order to increase the

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Pay Off Your Mortgage Faster

Pay Off Your Mortgage Faster

Andy MacDonald, President of MortgageBroker Inc in Missisauga Ontario., points out that if you pay an extra $1,000 towards a 5% fixed-rate mortgage during each of the first five years, you’ll save $10,000 in interest over the mortgage’s 25-year life. However, if you make the same payments during your mortgage’s last five years, you won’t save that much in interest at all.

One of the best ways to pay off your mortgage faster is to make your payments weekly or biweekly instead of monthly. By doing so, you will make the equivalent of an extra month’s payment every year, which would save you $30,000 off the total cost of the same $250,000 mortgage.

-- MoneySense, 2015




 

The

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Tapping The Home for Retirement Income: Should I Stay or Should I Go?


With many Canadians heading toward retirement carrying debt, those who own homes may be forced to turn to their lodging for extra income.

But some may not be eligible for home equity loans, leaving them with choices that include downsizing or a reverse mortgage. A recent survey on debt by Manulife Financial Corp. found that almost one in five Canadians expect to tap into home equity to top up their retirement income. 10% of the respondents said they plan to remain in their houses and borrow against home equity, while a further 8% are considering downsizing and using the extra equity

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One year ago, the 5 year fixed mortgage rate was 3.59% and the 5 year variable rate was 2.60%. Easy to choose a mortgage, right ?!


Today the 5 year fixed is 2.79% and the variable is 2.30%....the decision is tougher.

Variable: Carries a lower rate, but riskier as Prime ‘will likely’ change periodically.

Fixed: Same rate for the next 5 years, so you can sleep at night without the worry of a rate hike.

Honestly, both are good choices.

Important...Years ago, if you had chosen variable, your payment actually ‘changed’ with a change in rates. Today, most variable rate mortgages “Do Not” increase or decrease your payment. The ‘change’ in rates simply lengthens or shortens the time

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Bibelot is a unique jewelry store that sells one-of-a-kind jewelry and accessories. Whether you are looking for a statement piece or a casual accessory, you will find something unique at Bibelot. The shop is located at #6, 805 1st Street SW in Calgary.

Bibelot Unique Jewelry CalgaryThere is also an online shop to make it easy to browse for jewelry from home. Pieces from Bibelot also make great gifts!

The earrings, bracelets and pendents found at Bibelot are ideal for the woman who seems to have everything or seems difficult to shop for.

Pieces from Bibelot draw interest and make a statement without being to garish or showy. The pieces are tasteful and unique while still giving a pop of color. 

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owls nest book in CalgaryOwl's Nest Books is one of Calgary's finest independent bookstores. The store is located at 815A 49th Avenue SW in Calgary. Children will love the adjoining Owlets bookstore which offers children's books. The staff at Owl's Nest Books are always friendly and knowledgeable. The store offers 30% off bestselling titles with updated weekly sales, special orders for new and out-of-print books, frequent buyer points and even free delivery within 8km of the store. In addition to books, the store also offers one-of-a-kind jewelry and art crafted by local artisans. There are also several events and book clubs hosted by the store, including book clubs for teens and children as well as adults. Owl's Nest Books is a favorite among Calgary book lovers of all ages. 
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valentines day calgaryIf you haven't planned how you will spend Valentine's Day yet, there are several different events going on in Downtown Calgary this Saturday. For a fun and romantic date idea, you can take your special someone for Skating at Olympic Plaza. Skating is free, but be sure to prepare because there are no skate rentals available. Skating takes place from 10 a.m. until 9 p.m. After skating, you can warm up with some delicious hot chocolate from one of the various locations participating in the YYC Hot Chocolate Fest. If you are looking for a romantic experience, you could attend Mozart and Shuman at the Jack Singer Concert Hall at 205-8th Avenue SE. For ticket details, visit www.cpo-live.com. For something a bit more adventurous, head to the 4th Annual Cinnamon…
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cats vs dogsLocated at 436 16 Avenue NE in Calgary, Especially 4 Pets gives you everything that you need to help make sure your pets are very healthy and happy. This specialty pet store carries a wide selection of pet products and offers both grooming and daycare services as well. Especially 4 Pets does not sell pets, instead they sell everything that you need to take care of your pets! Available grooming services include the following; cuts, baths, nail clips and nail grinds. Doggy daycare can also be a great way to let your dog have fun and play with other dogs.      Especially 4 Pets offers a range of pet foods including canned food, dry food and raw diet foods. Common products you will find at Especially 4 Pets include cleaning supplies, supplements,…
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Calgary Slide the CitySlide the City, a family fun event, is coming to Calgary on Saturday, August 1 2015!! This event is the perfect way to cool off during the summer. One thousand feet of slick vinyl will be unrolled as families slide through splashes as other attendees spray and splash the participants slipping down the giant slip-n-slide. While the event may not be until August, registration will be opening soon! There are special discounts for early bird registration and I can only assume it will fill up FAST!!

Slide the City - CalgaryWhen you arrive, you will get a wristband that lets you slide (on an inflatable tube) one time anytime during the day. There are also Triple Slider and VIP Slider options that allow you to slide more. The event is also looking for local charities to partner

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Canada’s housing market is already seeing the impact of falling interest rates,

...with nearly half of Canadians telling a new survey that they are planning to buy a home in the next five years and more than 15% saying cheaper mortgage rates will allow them to make the purchase sooner than expected.

Younger Canadians, who are struggling with far more debt than their parents did at the same age, are the most likely to respond to falling rates. More than a fifth of millennials told a Bank of Montreal home buyers survey that they have shortened their time-frame for buying a home because of lower rates and 75 per cent said they were planning on making a purchase within the next

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Listing information last updated on July 5th, 2015 at 12:45pm MDT.