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VERICO One Link Mortgage & Financial

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100-99 Scurfield Blvd., Winnipeg, Manitoba

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We are a firm of Accredited Mortgage Professionals (AMP) who work for you as your Mortgage Advisor - making sure you get the best mortgage interest rate and mortgage terms you qualify for. We recognize people are unique and by understanding your needs, we make the mortgage experience simple and carefree. In addition, VERICO One Link has outstanding relationships with lenders who work extra hard to support our deals and provide great pricing for our clients.

Our Mortgage Professionals are committed to integrity and a code of ethics.  VERICO One Link is part of a national network of independently owned and operated mortgage brokers who provide expert professional advise and credit advisory services.  Typically we are paid by the lender that funds the mortgage.  This means our customers do not pay any brokerage fees.

One application with us gives you access to Canada's top lenders, hundreds of innovative mortgage products and guarantees you the lowest interest rate you qualify for. 

From residential to commercial and recreational properties, your VERICO One Link Mortgage Professional can help you make the right decisions by providing you with a wide range of alternatives.  Whether you're buying a home, renewing your mortgage, or thinking about refinancing to renovate, invest or consolidate your debts - TRUST THE VERICO ONE LINK MORTGAGE PROFESSIONALS!


BLOG / NEWS Updates

CREA Updates Resale Housing Market Forecast

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service (MLS) Systems of Canadian real estate Boards and Associations in 2018 and 2019. Housing market fundamentals remain strong in many parts of the country. Nonetheless, many housing markets continue to struggle in the face of policy headwinds. The new mortgage stress test announced last October had been expected to cause homebuyers to rush purchases in advance of the new rules coming into effect in January and for the pull-forward of sales activity to result in fewer transactions in the first half of 2018. Evidence suggests the policy response was stronger than expected, with seasonally adjusted national home sales last December having surged to the highest level ever recorded before dropping sharply in early 2018. Actual (not seasonally adjusted) national sales figures for March, April and May are typically among the most active months in any given year. Combined sales fell to a nine-year low for the three-month period. The seasonally adjusted trend suggests sales momentum has not yet begun to rally. Interest rates are widely expected to rise further this year and next. Home sales activity is nonetheless still expected to strengthen modestly in the second half of 2018 as housing market uncertainty diminishes. Taking these factors into account, the national sales forecast has been revised downward and is now projected to decline by 11% to 459,900 units this year. The decrease almost entirely reflects weaker sales in B.C. and Ontario amid heightened housing market uncertainty, provincial policy measures, high home prices, ongoing supply shortages and this years new mortgage stress test.

Bank of Canada maintains overnight rate target at 1¼ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1 per cent. Global economic activity remains broadly on track with the Banks April Monetary Policy Report (MPR) forecast. Recent data point to some upside to the outlook for the US economy. At the same time, ongoing uncertainty about trade policies is dampening global business investment and stresses are developing in some emerging market economies. Global oil prices have been higher than assumed in April, in part reflecting geopolitical developments. Inflation in Canada has been close to the 2 per cent target and will likely be a bit higher in the near term than forecast in April, largely because of recent increases in gasoline prices. Core measures of inflation remain near 2 per cent, consistent with an economy operating close to potential. As usual, the Bank will look through the transitory impact of fluctuations in gasoline prices. In Canada, economic data since the April MPR have, on balance, supported the Banks outlook for growth around 2 per cent in the first half of 2018. Activity in the first quarter appears to have been a little stronger than projected. Exports of goods were more robust than forecast, and data on imports of machinery and equipment suggest continued recovery in investment. Housing resale activity has remained soft into the second quarter, as the housing market continues to adjust to new mortgage guidelines and higher borrowing rates. Going forward, solid labour income growth supports the expectation that housing activity will pick up and consumption will continue to contribute importantly to growth in 2018.

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