SB 140187
Robert Mogensen

Robert Mogensen

Mortgage Consultant, AMP

560 - 171 West Esplanade, North Vancouver, British Columbia








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!

As your personal mortgage consultant, I’m an independent, unbiased, expert, here to help you move into a home that you will love.

I have access to mortgage products from a multitude of 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 your personal mortgage consultant who will help you get the right financing, from the right lender, at the right rate. 

Please call me today for your best mortgage solution and advice.   Phone: 604.802.8193

BLOG / NEWS Updates

Housing starts, Resales, and Provincial Spotlight from the Q2 Housing Market Outlook 2016 just released by CMHC

Canada Mortgage and Housing Corporation (CMHC) released this week the Housing Market Outlook -Canada Edition for the Second Quarter of 2016. Theeconomic and housing report provides an outlook for the housing market reflecting the evolution of risks since the fourth quarter of 2015. Here are some highlights from the report. Housing Starts On an annual basis, housing starts are expected to range from 181,300 units to 192,300 units in 2016 and from 172,600 units to 183,000 units in 2017, a slight upward revision from our previous outlook, but a slowdown compared to 2015 when there were 195,535 starts. Resales There were 505,673 Multiple Listing Service (MLS) 2 sales recorded in 2015. Sales are expected to range from 501,700 units to 525,400 units in 2016, but are expected to be in a lower range of 485,500 units to 508,400 units in 2017. Resale Prices The average MLS price is forecast to be between $474,200 and $495,800 in 2016 and between $479,300 and $501,100 in 2017. These levels are higher than the 2015 average price of $442,999. Provincial Spotlight While they expect a slowdown in housing markets at the national level, there will be strong variation in housing-market activity among provinces. Reflecting global economic trends, slower growth in oil-producing provinces (Alberta, Saskatchewan and Newfoundland and Labrador) will be partly offset by stronger GDP growth in British Columbia and Ontario. Oil and natural gas prices remained low in the first quarter of 2016, and while consensus forecast is for oil prices to rise in the future, this is more likely to happen in 2017. Consequently, housing starts in oil-producing regions are expected to continue declining in 2016 before rebounding in 2017. When assembling the outlook, CMHC looked at global as well as Canadian-specific economic conditions. While the global economic growth is expected to slow this year before rebounding in 2016, CMHC predicts Canadas growth is expected to accelerate in 2016, led by manufacturing exports and increased public spending. Employment is expected to increase to 7.2% this year before dropping to 7% in 2017. Employment and net migration gains are expected to be the strongest in British Columbia and Ontario, where it is expected that new housing starts will grow further in 2016, partly offsetting the slowdown in oil-producing economies. In summary, the annual decline in housing starts is expected to be less pronounced in 2017 than in 2016.

Canadian home sales reached a new record in April

According to statistics released byThe Canadian Real Estate Association (CREA), the number ofhomes sold in Canada in April 2016 hit a new record. But while sales rose to their highest level ever, supply shrank, particularly in the Toronto area. The number of new homes put up for sale slipped 3.7 per cent from a year ago to 103,028. The trend was even more pronounced in the Toronto area, where new listings were down 10.3 per cent compared to April 2015. Some highlights from the CREA website: - National home sales rose by 3.1% from March to April - The number of newly listed homes was little changed (-0.2%) from March to April - The national average sale price climbed 13.1% in April from one year ago In the greater Vancouver area, sales in April 2016 were virtually flat from the previous month up only 0.1 per cent while ingreaterToronto sales climbed 3.2 per cent on a month-to-month basis. The national average price for homes sold in April rose 13.1 per cent from a year ago to $508,097. Excluding the greater Vancouver and greater Toronto markets, the average price was $369,222, up8.7per cent from April 2015. Embed from Getty Images Sources:Canadian Real Estate Associationand metronews.ca


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