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.
Simple Steps to Keeping More Money In Your Pocket
Most of us would appreciate a little more money in our pockets, but without a serious pay increase, dont see it happening. But, a with a few simple changes to your everyday living, its actually possible to shave your costs and bank the savings for something more meaningful. Just imagine what you can do with that savings once it starts to accumulate: finally do those home improvements youve been dreaming of, or even put a downpayment on a new one.
Dont know where to start? Heres a little inspiration to get you going:
DIY Your Food and Entertainment
Ditch the daily outing to your favourite coffee shop or lunch spot and pack food from home.
Skip sandwich bags and opt for reusable containers, cutlery and drink bottle to save even more--and benefit the environment! You can also save money on expensive movie theatre outings by subscribing to an at-home streaming provider, going on cheap Tuesday (they still exist!) or scope out events happening in your own neighbourhood. Get out and get to know your neighbours, you could even learn something new.
3 Easy Home Improvements for Big Savings
Switch out your incandescents for energy saving lightbulbs. While initially a higher investment, they will last you 10 times longer than the average lightbulb.
Consider reinforcing your insulation with a quality batt to reduct monthly energy bills. Over time, insulation can settle and compact, greatly reducing its efficacy while increasing your heating and cooling costs.
Lastly, install low-flow water fixtures to reduce excess water consumption.
Beat the Invisible Wallet-Busters
Review your service plans -- think phone, internet and cable -- on a consistent basis to ensure youre still getting the best deal. Service providers are always looking to hook new clients with great deals, and you might be eligible. Another way to save money is paying off credit card bills as soon as they come in so you arent racking up interest. You can also make your cards do more for you by opting for ones with a good points system so you wont have to pay for that next airline flight or hotel night away.
Quick Tips to Save More Money
Lowering your thermostat by just two degrees in cold weather and increasing it by two degrees in warmer weather can make a difference on your next bill. As can runnging the dishwasher or laundry machine on cold water only, and at off-peak times. Lastly, avoid impulse shopping! Stick to your list and point-of-sale items are strictly off-limits.
Making a few, or all of the changes above could potentially add up to thousands in annual savings, proving that sometimes change can be a good thing. Contact me today to discuss how your mortgage can fit into your long-term savings plan.
Employment increased by 35,000 in October
In October, employment rose for youth aged 15 to 24, while it was little changed for the core-aged population of 25- to- 54 year-olds, and for people 55 and older. The largest employment increase was in Quebec, followed by Alberta, Manitoba, Newfoundland and Labrador, and New Brunswick. At the same time, there was a decline in Saskatchewan.
Employment rose in several industries, led by other services; construction; information, culture and recreation; and agriculture. Employment declined in wholesale and retail trade.
The number of private sector employees increased in October, while public sector employment and self-employment were little changed.
Canadian home sales edge up again in October
According to statistics released by The Canadian Real Estate Association (CREA), national home sales posted a modest monthly increase in October but remain below levels recorded one year ago.
Newly introduced mortgage regulations mean that starting January 1st, all home buyers applying for a new mortgage will need to pass a stress test to qualify for mortgage financing, said CREA President Andrew Peck. This will likely influence some home buyers to purchase before the stress test comes into effect, especially in Canadas pricier housing markets. A professional REALTOR is your best source for information and guidance in negotiations to purchase or sell a home during these changing times.
Home sales via Canadian MLS Systems edged up 0.9% in October 2017 on the heels of monthly increases in August and September, but remained almost 11% below the record set in March.
National sales momentum is positive heading toward year-end, said Gregory Klump, CREAs Chief Economist. It remains to be seen whether that momentum can continue once the recently announced stress test takes effect beginning on New Years day. The stress test is designed to curtail growth in mortgage debt. If it works as intended, Canadian economic growth may slow by more than currently expected.