Terri Stephens | 403-827-4663

 

Thanks to low interest Calgary mortgages, many people will be able to go into retirement without certain types of debt. However, according to a recent survey, back payments are something that many Canadians will still have to deal with.

The survey, which was conducted by Leger Marketing on behalf of the Canadian Imperial Bank of Commerce, found that one in every four Canadians who are between 50 and 59 years of age expect to have some debt in retirement. In addition, of these people, 80 per cent said that these cost obligations would likely last throughout their retirement years.

"While some Canadians may feel they can incorporate monthly debt payments into their retirement, the reality is that repaying debt before retirement remains an integral component of maximizing cash flow," said Christina Kramer, executive vice president of CIBC.

In order to reduce some of their back payments, it may be a good idea for those nearing retirement to consider meeting with a Jencor Mortgage advisor. They can explain how low mortgage refinance rates are a great way to reduce debt obligations so loans can be paid off more quickly.

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Canada’s thriving economy largely due to commercial real estate

Mortgage rates in Alberta and other parts of Canada may be a partial explanation for why the commercial real estate industry contributed billions of dollars to the country's economic vitality last year.

According to the Real Property Association of Canada, the commercial real estate sector added $63 billion to the nation's coffers in 2011, helping to create more than 340,000 jobs, generating $18.1 billion in personal income and $12.5 billion in profits among small and medium-sized companies.

The report, titled "The Contribution of the Commercial Real Estate Sector to the Canadian Economy," also detailed how much was invested in certain portions of commercial development. About 50 per cent of the total spending in the commercial real estate sector was put toward non-residential construction such as new business properties and renovating existing structures.

REALpac indicated that Canada's CRE sector alone accounts for more than $32 billion of Canada's gross domestic product, which is more than the total GDP of consistently strong economies like New Brunswick's.

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I have listed a new property at 7 FAIRVIEW DR SE in CALGARY.
OVER 6000 square feet of yard!!!! This little gem of a home just beckons you. Built in 1959 - and has been well loved. Newer roof, furnace, Hot Water tank. ORIGNAL HARDWOOD floors (WOW). 3 Bedrooms up and two rooms down. SO much potential that this home has to offer. Fenced back yard with single garage and carport. ROOM for more if you want. TREES, birds and park views all from this yard. ***OPEN HOUSE SEPT 29 & 30 - Saturday / Sunday 1pm to 4pm ****
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Please visit our Open House at 7 FAIRVIEW DR SE in CALGARY.
Open House on Saturday, September 29, 2012 1:00 pm
OVER 6000 square feet of yard!!!! This little gem of a home just beckons you. Built in 1959 - and has been well loved. Newer roof, furnace, Hot Water tank. ORIGNAL HARDWOOD floors (WOW). 3 Bedrooms up and two rooms down. SO much potential that this home has to offer. Fenced back yard with single garage and carport. ROOM for more if you want. TREES, birds and park views all from this yard. ***OPEN HOUSE SEPT 29 & 30 - Saturday / Sunday 1pm to 4pm ****
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SEEDS

It’s time to harvest the remaining vegetables from our garden.  While we enjoy the taste of garden fresh vegetables, a big reason for planting the garden is for our grandchildren.  They are excited to pull carrots, get them washed and then eat them with the tops still attached.  Whenever they get the chance they like to pull their own, which many times results in the tops being in their hands while the carrot is still in the ground.  This is particularly true of the larger carrots.  Often there will be a large carrot and right next to it a small one.

 

How can this be?  The seeds we planted were all the same, put side by side in the same soil, at the same time and cared for in exactly the same way.  Yet they have not all matured at the same rate.

 

As I think about this I wonder, if this is true for seeds, is it not also true for people?  Deep within each of us we have many seeds.  We have seeds of potential, of love and kindness; seeds of confidence and self-worth.  We also have seeds of disappointment, of anger, of discouragement and low self-esteem.  Some of these seeds grow larger and stronger than others, depending on which ones we focus on.

 

No matter the seeds, they need the proper nourishment to grow and flourish.  For me, I know that I have a choice to feed the negative seeds by focusing on them, or to let God nourish the positive seeds that He has planted in me.

As I look at the various sizes of carrots, side by side in my garden, I stop and wonder, which of the seeds in my life am I putting my focus on.

 

“What a person plants, he will harvest.  The person who plants selfishness, ignoring the needs of others – ignoring God! – harvests a crop of weeds.  All he’ll have to show for his life is weeds!  But the one who plants in response to God, letting God’s Spirit do the growth work in him, harvests a crop of real life, eternal life”    Galatians 6:7b-8   The Message

 

Visit:   www.timewithtandy.com  -     written by Tandy Balson 

 

Tandy is a local business woman and motivational speaker in Airdrie/Calgary Alberta

 

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I have listed a new property at 7 FAIRVIEW DR SE in CALGARY.
OVER 6000 square feet of yard!!!! This little gem of a home just beckons you. Built in 1959 - and has been well loved. Newer roof, furnace, Hot Water tank. ORIGNAL HARDWOOD floors (WOW). 3 Bedrooms up and two rooms down. SO much potential that this home has to offer. Fenced back yard with single garage and carport. ROOM for more if you want. TREES, birds and park views all from this yard. OPEN HOUSE this weekend Sat & Sun (1pm to 4pm .... come by for a visit and see for yourself.
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Geese

 

It’s that time of year again, when we see geese flying south for the winter. We hear their honking and see that familiar V formation in the sky.

I’m sure that most of us have heard the reasoning for this formation. Scientists have discovered that as each bird flaps its wings, it creates uplift for the bird immediately following. By flying in V formation, the whole flock adds at least 71% greater flying range than if each bird flew alone. If a goose falls out of formation, it feels the drag and resistance of flying alone and quickly rejoins the formation.

Did you know that the reason the geese honk from behind is to encourage the others to keep up their speed? Also, when the lead goose gets tired, it rotates back and another takes its place as lead.

There are so many lessons for us here. First, people sharing a common direction can get where they’re going quicker and easier by traveling together. So, stay in formation with those heading in the same direction as you are. Second, it makes sense to take turns doing the hard jobs, and remember to encourage those taking the lead.

Another thing about geese is when one gets sick or injured and falls out of formation, two others follow it down for protection and help. They stay together until it is either able to fly, or dead, and then they launch out again. They either fly on their own or join with another formation until they catch up to their group.

The final lesson here is to stand by each other. We should protect and care for each other. It is also good to make new friends who seem to be going in our direction.

Now, if we all had the sense of a goose, how much better would life be?

Be inspired this week!


Time with Tandy - written by a good friend of my 

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Have the courage to change the things you can


If you are a seller, there are plenty of buyers in the market for a home they consider priced correctly. You have to decide what the correct price is for your home if you truly want to sell. If you want your house sold, you must list it at a price a buyer will pay for it. Not a buyer from 2006 but today’s buyer who has plenty of homes from which to choose. It will take courage to sit with a real estate professional and honestly decipher the true value of your home. If you want to sell, you must have that courage.


If you are a buyer, and you believe now is the right time for your family to purchase a home – DO IT! Prices are back to pre-bubble prices and interest rates are at historic lows. That means that your monthly housing expense will be lower than any time in the last 50 years – and probably lower than your current rent payment.


The wisdom to know the difference


We all realize that the economic situation will take some time to correct. The question is whether or not it makes sense to delay moving on with your life until everything gets ‘better’. Should you not sell your home and delay reconnecting with friends and relatives that have all moved to another part of the country?


Should you not buy a house and enable your kids to attend the school you have already decided is best for them? Should you spend another winter up north even though your doctor recommends you move to a climate better suited to your current medical situation?



This is where your wisdom must kick in.


You already know the answers to the questions we just asked. You have the power to take back control of the situation by moving forward. The time has come for you and your family to move on and start living the life you desire. That is what is truly important.

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10 Questions to Ask BEFORE Renting Your Home

 

1.) How will you respond if your tenant says they can’t afford to pay the rent this month because of more pressing obligations? (This happens most often during holiday season and back-to-school time when families with children have extra expenses).


2.) Because of the economy, over ten percent of homeowners can no longer make their mortgage payment. What percent of tenants do you think can no longer afford to pay their rent?


3.) Have you interviewed a few experienced eviction attorneys in case a challenge does arise?


4.) Have you talked to your insurance company about a possible increase in premiums as liability is greater in a non-owner occupied home?


5.) Will you allow pets? Cats? Dogs? How big a dog?


6.) How will you actually collect the rent? By mail? In person?


7.) Repairs are part of being a landlord. Who will take tenant calls when necessary repairs arise?


8.) Do you have a list of craftspeople readily available to handle these repairs?


9.) How often will you do a physical inspection of the property?


10.) Will you alert your current neighbors that you are renting the house?

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