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My Rates

1 Year 6.04%
2 Years 5.74%
3 Years 4.89%
4 Years 4.79%
5 Years 4.48%
7 Years 5.54%
10 Years 5.64%
*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

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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

 

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


BLOG / NEWS Updates

Slight increase in home sales in December

Summary On a seasonally adjusted basis, home sales increased 1.3% from November to December, a second monthly gain in ten months. Despite this relative stabilization of the market in December, sales were still down 37.8% from their February 2022 level. New listings were down 6.4% from November to December, a fifth contraction in six months which shows that both buyers and sellers remain on the sidelines in the current market environment. It should also be noted there is still a high proportion of sellers who are changing their minds, as we estimate that about one in five listings are withdrawn during the month. The low level of sales is still allowing supply to rebuild, with the number of months of inventory increasing from 4.1 to 4.2 in December. While easing, market conditions are still pointing in the direction of a favourable to sellers market with supply still very low on a historical basis. Housing starts fell 14.4K in December to a 9-month low of 248.6K (seasonally adjusted and annualized). Urban starts dropped 12.9K to 227.7K on declines in both the single-family (-5.5K to a post-pandemic low of 44.9K) and the multi-family segment (-7.4K to 182.9K). The Teranet-National Bank Composite National House Price Index decreased by 0.3% in December compared to the previous month and after adjusting for seasonal effects, the sixth consecutive monthly decrease. After adjusting for seasonal effects, 6 of the 11 markets in the composite index were down during the month: Winnipeg (-1.8%), Calgary (-1.1%), Ottawa-Gatineau (-1.1%), Edmonton (-0.9%). Montreal (-0.5%) and Toronto (-0.4%). Conversely, the Quebec City (+1.3%), Victoria (+1.1%). Hamilton (+0.8%), Halifax (+0.4%) and Vancouver (+0.1%) markets were up. https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/economic-news-resale-market.pdf

What’s Happening in Canadian Housing Markets as We Head into 2023?

Sales in November were down 3.3% on a month-over-month basis, rejoining the trend of moderating sales that began back in February. The Aggregate Composite MLS Home Price Index (HPI) edged down 1.4% on a month-over-month basis in November, which, as with sales activity, continues the trend that began in the spring. The national MLS HPI now sits about 11.5% below its peak level but there are considerable regional differences. While prices are down more in Ontario and parts of British Columbia, they have softened to some degree almost everywhere. Calgary, Regina and Saskatoon stand out as markets where home prices are barely off their peaks. https://www.creacafe.ca/whats-happening-in-canadian-housing-markets-as-we-head-into-2023/

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