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My Rates

6 Months 4.45%
1 Year 2.54%
2 Years 2.54%
3 Years 2.49%
4 Years 2.59%
5 Years 2.69%
7 Years 2.94%
10 Years 3.30%
6 Months Open 5.75%
1 Year Open 3.45%
*Rates subject to change and OAC
AGENT LICENSE ID
M08006436
BROKERAGE LICENSE ID
10346
Robert Hooper Manager/Partner

Robert Hooper

Manager/Partner


Phone:
Address:
1 Hunter Street East, Hamilton, Ontario

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                 My name is Robert Hooper, and I am the Managing/Partner at Verico-Fair Mortgage Solutions Inc. We have successfully built a grassroots type business that relies on community involvement, knowing our clients inside and out and what products they may be interested in. I have worked with Equifax and I know everything there is to know about credit. I will help you rebuild credit or maintain a positive cash flow that allows you to have a stress-free financial situation. I am a guide, an advocate, and become very involved and consumed by my business. My clients respect for me, their trust in me is key to my success, I have given people the power to fulfill their desires and together we can make a plan to conquer any daunting obstacle. I have helped people in many different ways and for many different reasons. Anything from a typical first-time home buyer, giving them the knowledge and preparedness for their new responsibility to be a successful endeavor. To managing substantial property tax, and mortgage arrears for clients that have multiple properties and incomes. Each story is different, so let me hear your story and give me the opportunity to help.

#happyhealing

 

 

 


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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