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My Rates

6 Months 4.25%
1 Year 2.19%
2 Years 1.99%
3 Years 2.24%
4 Years 2.14%
5 Years 2.49%
7 Years 2.79%
10 Years 2.99%
6 Months Open 5.75%
1 Year Open 5.75%
*Rates subject to change and OAC
AGENT LICENSE ID
11031
BROKERAGE LICENSE ID
11031
Verico Equity Plus Mortgages Inc. Mortgage Brokerage

Verico Equity Plus Mortgages Inc.

Mortgage Brokerage


Phone:
Address:
110-3005 Marentette Ave., Windsor, Ontario

BROWSE

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Welcome!

Thanks for visiting our website. At Verico Equity Plus Mortgages, our philosophy is simple; to be the best we can be in servicing your needs. We believe that our customers come first; it is not just a cliché but a commitment we make to all our past and future customers. 

To be successful in business, it takes a winning combination of services, competitive pricing and dedication by all employees to excel at customer service excellence. Our continued growth is testament to our pledge to provide you with products of the highest quality and unmatched customer service; we have built our reputation on this belief. 

We encourage you to look around our site and see what we have to offer. If you don’t see what you are looking for, call us at 519-258-6888 and we will be happy to discuss your needs. 

 

IF YOU ARE USING A MOBILE DEVICE, PLEASE FEEL FREE TO GO TO OUR MOBILE FRIENDLY WEBSITE! JUST CLICK ON THIS LINK - MOBILE LINK

 

WANT TO KNOW THE VALUE OF A MORTGAGE BROKER? WATCH THIS VIDEO BELOW


Verico Equity Plus Mortgages Inc. is a BBB Accredited Mortgage Broker in Windsor, ON


BLOG / NEWS Updates

CANADA HOUSING MARKET: THE FALL’S RISE

Canadian home sales rose by 8.6% (sa m/m) in October, the largest increase since July 2020. Listings moved in the same direction, albeit by a much smaller 3.2% (sa m/m). The larger increase in sales carried the sales-to-new listings ratio, an indicator of how tight the market is, to 79.5%, up from 75.5% in September, and much higher than its long-term average of 54.5%. As a result, the composite MLS Home Price Index (HPI) rose by 2.7% (sa m/m)the third consecutive acceleration, and the biggest, after months of price gains deceleration. Single-family homes and apartments were the main drivers of Octobers price gain. Movements in the market were broad-based, with the uptick in sales spread out across much of the country. Sales went up in 28 of 31 local markets we track. Kitchener-Waterloo recorded the largest increase (29.5% sa m/m) followed by Thunder Bay, Kingston, Okanagan-Mainline, and Winnipegall recording increases of over 15% (sa m/m). While these are mainly suburban secondary markets, primary markets are also showing signs of strength, with Torontos sales going up by 9.9% (sa m/m) and Montreals and Vancouvers by 7.8% (sa m/m). Octobers national level of sales is historically strongthe second highest on record for October after October 2020, and a remarkable 40% (sa) higher than the 20002019 October-average. source: https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.housing.housing-news-flash.november-15--2021.html

Excess Household Savings and Implications for Inflation in Canada

Canadians have built up a record amount of savings during the pandemic. By some estimates, it totals around $300 billion. This stockpiled spending firepower has fueled concerns that inflation could be higher and more persistent than currently thought, especially at a time of growing supply-side constraints. However, there are a few reasons to suggest the inflation impulse from excess savings may not be as hefty as some believe. The amount of funds in highly liquid cash form is significantly lower than the headline estimate, consumers are likely to gradually draw on their savings to spend, and the reorientation of outlays from goods to services will dampen price pressures. Still, the amount accumulated in savings is large and unprecedented. This represents an important upside risk to the Bank of Canadas consumption and inflation forecast in the October Monetary Policy Report. Source: https://economics.td.com/ca-excess-saving

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