General Darla Nicholson 15 Feb
What is the First Home Savings Account (FHSA)? The First Home Savings Account is a type of registered savings plan for Canadians saving to buy their first home. Canadian residents aged 18 years or older can open an FHSA to save towards the purchase of a home in Canada. You can contribute $8,000 annually up to […]
Read MoreGeneral Darla Nicholson 4 Mar
When you first purchased your home, you most likely used a lawyer to complete the transaction. When you do your renewal or if you are considering refinancing, you may be able to complete the transaction without a lawyer, using First Canadian Title (FCT). Renewals If you decide to renew your mortgage with your current lender, […]
Read MoreGeneral Darla Nicholson 29 Jan
Buying a home is one of the largest investments you will ever make! In order to make your home hunting experience the best it can be, there are a few key mistakes to avoid and be aware of before you start your journey: Not Getting Pre-Approved: One of the most important aspects of buying a home […]
Read MoreGeneral Darla Nicholson 20 Jan
Reverse Mortgages have been highly overlooked and underrated for years. In our current financial environment, all consumers are looking for ways to live within their budgets and live more comfortably. A reverse mortgage could be a genuinely appealing option for consumers age or older and can be used in many ways. You would be doing […]
Read MoreGeneral Darla Nicholson 18 Jan
We see the news, we turn the page and read the next article, and nothing is thought of these concerns until renewal time….cue the scary music. The sad reality of our current financial environment is that few will escape the impact of the changes in effect and the changes to come. So if you didn’t […]
Read MoreGeneral Darla Nicholson 16 Jan
osfi is at it again. Late last week, the Office of the Superintendent for Financial Institutions (OSFI) announced it was concerned about the risks associated with the large and rising number of highly indebted borrowers, especially those with floating-rate mortgages, which stands at a record proportion of outstanding mortgage loans. With the economy in danger […]
Read MoreGeneral Darla Nicholson 11 Jan
The recent tumultuous economic climate has placed financial planning at the forefront of priorities for many Canadians as we transition into 2023. To effectively navigate this challenging landscape, it is crucial to adopt a strategic and proactive approach to managing one’s finances. Many people consider this a resolution, but truly it’s a goal that should […]
Read MoreGeneral Darla Nicholson 31 Oct
Here’s the reality folks….we are in unusual times and NO ONE definitively knows what to do! We can share what we learn from analysts and economists, factor in what projections the Bank of Canada has made and analyze your circumstances to assess what options might accommodate you best. But at the end of the day, […]
Read MoreGeneral Darla Nicholson 5 Oct
The last few years, we as a society have seen and endured many changes. And then those changes changed a few times too! As a result, there are so many unknowns out there…. From travel restrictions and requirements, to health policies and procedures to constantly shifting stock and financial markets. The only way to navigate […]
Read MoreGeneral Darla Nicholson 4 Oct
Since the pandemic, it seems the whole world has gone sideways……used cars are almost as costly as new cars, new cars have 3 year wait lists, online purchases take forever and a day to arrive, gas and food costs are up (have you bought grapes lately???) are and now interest rates have pushed home financing […]
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