It PAYS to shop around.
Many Canadian homeowners pay too much for their homes because they are not getting the best mortgage financing available in the market.
The mortgage process can be intimidating for homeowners, and some financial institutions don't make the process any easier.
But I’m here to help!
I’m a VERICO Mortgage Advisor and I’m an independent, unbiased, expert, here to help you move into a home you love.
I have access to mortgage products from over forty lenders at my fingertips and I work with you to determine the best product that will fit your immediate financial needs and future goals.
VERICO mortgage specialists are Canada’s Trusted Experts who will be with you through the life of your mortgage.
I save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal. So whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — I’m the VERICO Mortgage Advisor who can help you get the right financing, from the right lender, at the right rate.
A little about me in Business
Born and raised in Edmonton, Daniel has had the privilege of being a resident of Edmonton his entire life. Married with 4 children, Daniel helps manage a family owned business of 20 years as well as deals in Mortgage Brokering in Alberta. Recently ran for mayor in Edmonton and will return one day soon to politics. Accomplished professional with over 8 years of experience. Success in delivering sustainable revenue and profit gains in competitive markets. Well-versed in leading and mentoring with experience instilling motivation and promoting teamwork. Sales executive with experience dealing in leasing, financing, equipment sales with multiple companies. Create and implement sales strategies to achieve revenue growth every year. Highly effective sales skills; able to motivate sales force and design incentive programs to achieve short and long-term sales goals. Specialties:Public speaking, business negotiation and sales.
VERICO Economist on Brexit - Q3 2016 Economic Update with Michael Campbell
The following is an excerpt of the Economic Update for Q3 2016 released by VERICOs Economic Consultant Michael Campbell.
Read the full report on the VERICO blog
Brexit is important but its part of a much bigger story. Ive been talking about the demise of the European Union for six years and the UK vote to remain or leave is just one step. The key to know is that the Brexit vote and the demise of the European union is driven by economic and financial events not politics. The politics that the media is so fond of focusing on is a by-product of the dismal economic and financial performance.
If the Europes economy and job creation were booming there would be far less dissatisfaction with the EU and no Brexit vote or the surge in anti-EU parties. The gross mishandling of the refugee crisis also exacerbates the dissatisfaction with the EU establishment. Of course there are numerous other complaints but none would resonate with the same level of passion if the economy was strong.
Its the same in the US. Both Donald Trump and Bernie Saunders would not have gained so much support if the US economy hadnt left so many people behind while the elites thrived. Ninety-five million Americans are permanently unemployed.
The point to understand is that this is just the beginning.
My prediction is that 2017 to 2020 will make the economic and financial volatility weve witnessed over the last five years look like a warm-up act.
Bank of Canada holds overnight rate target at 1/2 per cent
The Bank of Canada just announced that it is maintaining its target for the overnight rate at 1/2 per cent.
The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Inflation in Canada is on track to return to 2 per cent in 2017 as the complex adjustment underway in Canadas economy proceeds.
The fundamentals remain in place for a pickup in growth over the projection horizon, albeit in a climate of heightened uncertainty.
In this context, the forecast for the global economy has been marked down slightly from the Banks April Monetary Policy Report (MPR). Global GDP growth is projected to be 2.9 per cent in 2016, 3.3 per cent in 2017, and 3.5 per cent in 2018.
Real GDP grew by 2.4 per cent in the first quarter but is estimated to have contracted by 1 per cent in the second quarter, pulled down by volatile trade flows, uneven consumer spending, and the Alberta wildfires.
A pick-up to 3 1/2 per cent is expected in the third quarter as oil production resumes and rebuilding begins in Fort McMurray. Consumer spending will also get a boost from the Canada Child Benefit. While the fundamental elements of the Banks projection are similar to those presented in April, the forecast has been revised down in light of a weaker outlook for business investment and a lower profile for exports, reflecting a downward adjustment to US investment spending.
Real GDP is expected to grow by 1.3 per cent in 2016, 2.2 per cent in 2017, and 2.1 per cent in 2018. The Bank projects above-potential growth from the second half of 2016, lifted by rising US demand and supported by accommodative monetary and financial conditions.
Federal infrastructure spending and other fiscal measures announced in the March budget will also contribute to growth. Despite recent volatility, the Bank expects the underlying trend of export growth to continue, leading to a pick-up in business investment. Higher global oil prices are helping to stabilize Canadas energy sector and household spending is expected to increase moderately.
The Bank forecasts that the output gap will close somewhat later than estimated in April, towards the end of 2017.
At the same time, financial vulnerabilities are elevated and rising, particularly in the greater Vancouver and Toronto areas. The Banks Governing Council judges that the overall balance of risks remains within the zone for which the current stance of monetary policy is appropriate, and the target for the overnight rate remains at 1/2 per cent.