Valley First

Advice & Feature Articles

Dust off your home insurance policy this spring to prepare for wildfire season

As the days get longer, most of us look forward to the clearer skies and the warmer temperatures of summer. But balmy summer days also bring the threat of wildfire, especially when rainfall drops off and the mercury soars.

Read more

Despite TFSA limit reduction, Canadians still have lots of investment options

Late last year, the new federal government made good on their campaign promise to reduce annual tax-free savings account (TFSA) contribution limits to $5,500. The change, which came into effect on Jan. 1, 2016, represents a $4,500 decrease to the $10,000 limit put in place by the previous federal government.

Read more

Simple planning could help Canadians avoid Blue Monday

The Monday in the last full week of January has been dubbed “Blue Monday” and singled out as a source of melancholy and stress due to the combination of post-holiday doldrums, increased credit card debt and lack of daylight. Whether it’s a real phenomenon or not, the upcoming so-called “most depressing day of the year” may continue to be just that for some Canadians.

Read more

Opportunity knocks for Boomerang kids

Increasing debt levels, a stagnant job market and high housing costs are driving a growing number of twenty- and thirty-something back to the family home; however, it’s not all gloom-and-doom—there’s an upside for this so-called Boomerang generation.

Read more

Don’t overlook the potential of a TFSA

Like many Canadians, those in their ‘savings years,’ may be missing a major opportunity to build serious wealth through a tax-free savings account (TFSA). Only five out of 10 British Columbians hold a TFSA, according to recent research from Central 1 Credit Union.

Read more

Expert tips to help homeowners guard against water damage

When people buy home insurance, most people associate it with protection against fire, or robbery, or natural disasters like earthquakes or storms. It may come as a surprise to many that the number one source of danger to Canadian homes is actually water damage. According to the Insurance Bureau of Canada, water damage has surpassed fire as the leading cause of personal property claims in Canada, and in the last year alone, 30,000 homes across the country experienced some form of water damage.

Read more

Home buyers advised to look beyond their mortgage rate to find best deal

With the return of the so called “mortgage wars” many potential home buyers are looking to take advantage of five-year fixed-rate mortgage specials hovering below the three per cent interest mark. Valley First experts advise, however, buyers should take note of more than just their interest rate.

Read more

The Housing Bubble: Expert advice for potential homebuyers looking to enter the market

The Canadian Mortgage and Housing Corporation’s (CMHC) recent announcement of its May 1 premium increase has left many home buyers questioning the affect the increase may have on their bottom line.

Read more

Valley First expert shares tips on how to avoid outliving your retirement funds

February is often associated as a month of romance, but for many people, it’s also a time of stress and financial worry with the clock ticking down on yet another RRSP season. However, without careful planning, solid financial advice and a commitment to saving, the thought of retirement may just be a far-fetched dream.

Read more

Reality bites: Valley First expert shares five signs your bank just isn’t that into you

Just like the dating world, where men and women have a seemingly endless pool of potential mates to choose from, so too do small business owners when it comes to choosing their financial institution of choice.

Read more

Financial tips for parents this holiday season

For many Canadian families, the holidays are associated with financial stress, especially when the bills inevitably roll in with the New Year. For parents who spend first and think later may want to reconsider that strategy—their children are watching.

Read more

Top five tips for avoiding debt this holiday season

It happens every year. The holiday shopping season hits and people feel pressured to buy, often leading them to spend beyond their means. With personal debt loads hitting record highs, Valley First offers five tips to help consumers avoid overspending this holiday season.

Read more

Simple tips to manage your expenses during the school year

Back to school time is just around the corner and as part of many students’ checklist is the need to revisit their budgets and expenses. Brianne Dingwall, a recent university graduate and member service representative at Valley First, shares a few simple tips to help students keep their expenses in check during the school year.

Read more

Simple tips to enjoy your summer vacation without breaking the bank

With summer vacation fast approaching, many families are making plans to get the most from their time off. However, vacations can turn out costly and far from the relaxing break people have in mind.

Read more

Simple advice to make the most of your home renovations

According to recent figures one in four British Columbians plan on renovating their homes over the next twelve months. In the process they will spend about $19,000, significantly more than the $15,300 national average.

Read more

Expert advice for repeat homebuyers

Spring is home-buying season. Homeowners clean up their yards, paint their decks, declutter their homes and adorn their lawns with a for sale signs. Generally, there is plenty of advice for first-time homebuyers. But, what about those who are hoping to sell their existing home and purchase another?

Read more

Taking the pain out of home buying

With house prices in the Okanagan among the steepest in Canada, it may seem like home ownership is a far-fetched dream for many 20- and 30-somethings. However, with interest rates currently sitting near record lows, Valley First experts say it may be the right time for first-time home buyers to join the market.

Read more

Financial planning importance growing for “sandwich generation” savers

An emerging demographic group dubbed the sandwich generation—those simultaneously caring for children and elderly relatives—are facing increasing financial pressures as they juggle careers, family commitments and personal well-being.

Read more

Working beyond retirement becoming new norm for many baby boomers

While the allure of summers in the sun and winters buried in a good book is still strong for some, the traditional image of retirement is being given a shake-up by those older workers who are remaining in the workforce.

Read more

Expert tips on choosing your investment line-up

When it comes to investing, one of the most common questions is how should money be invested to maximize returns. Unfortunately, in unpredictable markets and with the many different investment options available, there is no simple answer.

Read more

Our experts weigh in on how summer jobs are helping students save

Every summer, Canadian students are left with little time to relax as they balance how to find a seasonal job, save money and prepare their personal finances for another school year.

Read more

Financial tips to keep newlyweds out of matrimonial debt

As wedding season approaches, many couples will be fretting over the budget for their big-day. However, paying for their party is only the beginning of a long financial future together.

Read more

Our security expert warns of growing risk of cybercrime

The recent virus scam that prompted the FBI to shut down a series of internet servers, cutting online access for more than 300,000 people across the globe, is a chilling reminder about the growing dangers of cybercrime.

Read more

Spring clean your finances and save at Valley First

The arrival of spring signals a change in season. For many, it also signals the start of the annual de-cluttering; the proverbial spring clean. While spring is a good time to get your house in order, it's also a great time to clean up your finances.

Read more

Follow our travel insurance tips, protect yourself from unexpected expenses

With summer quickly approaching, many people are looking toward vacation planning with family and friends. However, while many Canadians put careful thought into planning their trips, the same cannot always be said when purchasing travel insurance.

Read more

Help for young investors so they can avoid costly TFSA mistakes

When the tax-free savings account (TFSA) was rolled out in 2009 it was praised for its simplicity. However, more than three years later, many young Canadians are still having trouble managing their TFSAs.

Read more

Our mortgage experts weigh in on mortgage payment practices

With interest rates hovering near historic lows, many households are wondering whether to take advantage of the low rate environment and pay down their mortgage faster or divert money elsewhere while they are paying less interest on their home.

Read more

Shedding light on the dark side of using credit

Credit card use among young people in Canada is on the rise. While there are benefits to using credit, there is also a dark side that young people are particularly vulnerable to.

Read more
 

Talk to us

Whether you’re looking for more information, or you’d like to let us know how we can serve you, you’ll find our contact information here.
We encourage you to visit a representative at any of our branches for more information on how Valley First can make things simple!