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.
Top 5 Ways Clients 55yr+ Are Utilizing Their Home Equity
Did you know? As a preferred mortgage broker of HomeEquity Bank, we have access to specialized lending products tailored for clients 55yrs+?
Home prices have increased substantially in the GTA over the past 30 years. If youve been paying your property taxes, keeping your home insured maintained, then congratulations! Youve been building equity.
Another way of thinking about it - youve been putting money into an investment portfolio that youve had the pleasure of living in! As you move into your retirement years, its now time to withdraw some of that equity and put it to use to make your retirement more comfortable.
Here are the Top 5 Ways Clients 55yrs+ are Utilizing the Equity Thats Been Building in Their Home:
Buy an investment property buying an investment property is an excellent way to increase your retirement income!
Gift to children give a gift to your children to help them move into their first home or to pay down their mortgage.
Renovation love your home and no plans on moving? Make your home your castle! Enhance your enjoyment and the value of your home by doing a renovation.
Vacation whether its a trip of a lifetime like a luxury safari in Africa, or taking the grandkids to Disney, do it while you are healthy.
Pay Debt if you currently have an existing mortgage, line of credit or credit cards, we have financial solutions that can dramatically decrease your monthly obligation!
Please dont hesitate to contact me if youd like to discuss.
Have a great day!
Building permits up in Western Canada, down east of Manitoba
Four provinces reported increases in March, led by British Columbia with an increase of 12.8% (+$180 million). Meanwhile, all provinces east of Manitoba reported declines. The largest decrease was in Ontario, down 1.4% (-$43 million) due to lower construction intentions in the residential sector.
Quebec drives movement in non-residential permits. The national value of permits for non-residential buildings rose 7.9% in March, due to higher construction intentions for both institutional (+$175 million) and commercial (+$166 million) buildings. Gains in both of these components stemmed from Quebec. A high value permit for an addition to the Centre hospitalier de lUniversit de Montral drove the increase in the institutional component.
In the industrial component, the value of permits declined 15.6% in March (-$102 million). The decrease was largely the result of lower construction intentions in Quebec, where multiple high-value permits were issued in February.
Canadian home sales edge higher in March 2019
Home sales via Canadian MLS Systems edged up 0.9% in March 2019 following a sharp drop in February, leaving activity near some of the lowest levels recorded in the last six years.
There was an even split between the number of markets where sales rose from the previous month and those where they waned. Among Canadas larger cities, activity improved in Victoria, the Greater Toronto Area (GTA), Oakville-Milton and Ottawa, whereas it declined in Greater Vancouver, Edmonton, Regina, Saskatoon, London and St. Thomas, Sudbury and Quebec City.
Actual (not seasonally adjusted) sales activity fell 4.6% y-o-y to the weakest level for the month since 2013. It was also almost 12% below the 10-year average for March. That said, in British Columbia, Alberta and Saskatchewan, sales were more than 20% below their 10-year average for the month. By contrast, activity is running well above-average in Quebec and New Brunswick.
It will be some time before policy measures announced in the recent Federal Budget designed to help first-time homebuyers take effect, said Jason Stephen, CREAs President. In the meantime, many prospective homebuyers remain sidelined by the mortgage stress-test to varying degrees depending on where they are looking to buy. All real estate is local, and REALTORS remain your best source for information about sales and listings where you live or might like to in the future, added Stephen.