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My Rates

6 Months 7.60%
1 Year 4.69%
2 Years 4.69%
3 Years 4.29%
4 Years 4.49%
5 Years 4.29%
7 Years 5.19%
10 Years 5.29%
6 Months Open 8.95%
1 Year Open 8.00%
*Rates subject to change and OAC
AGENT LICENSE ID
10505
BROKERAGE LICENSE ID
10505
Lou Salvino President

Lou Salvino

President


Address:
7500 Martin Grove Road, Unit 7, 2nd Floor, Vaughan, Ontario, L4L 8S9

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     For the financial support and consulting solutions you can rely on, more of today’s smart consumers are choosing VERICO The Financial Forum Ltd. over any other financial services firm period. We are the only firm of our kind that works laterally with our clients every step of the way; if you want dedicated financial services designed to meet your mortgage lending and financing needs, trust VERICO The Financial Forum Ltd. To show you what we can do for you today.

visit our main website at www.thefinancialforum.ca

 

The Financial Solutions You Need

     Headquartered in Vaughan (Woodbridge), Ontario and serving consumers throughout Ontario and Canada, VERICO The Financial Forum Ltd. was founded under the principle of offering our clients real-world solutions to all of their mortgage lending needs. We are not affiliated directly with any lending institution which enables us to provide our clients with a completely unbiased opinion as to which company offers the best products, services and rates to suit their particular needs and wants. Partner with us today and experience the difference quality and service can make for you.

Our Philosophy

     Our team of experienced professionals strive to provide a higher level of service and support that our clients can’t get anywhere else. We have the ability to customize our financial consultancy services to offer as much support as needed to ensure our clients’ financial requirements are met and their expectations exceeded. VERICO The Financial Forum Ltd. offers the best value combined with the support of our creative minds to create a lending solution that will suit your needs. Contact us today for a free consultation and learn what we can do to help solve your mortgage lending needs.

     VERICO The Financial Forum Ltd. showcases the best value for the money mortgage lending solutions specializing in residential, investment property, recreational property, lines of credit as well as first and second mortgages. We have been helping consumers since 1984, let us help you today!

Connect With Us

     To learn more about VERICO The Financial Forum Ltd.  and our world-class financial services consultation, contact us today and let one of our experienced professionals assist you and answer any questions you might have.


BLOG / NEWS Updates

CREA: Declines in Canadian Home Sales Take a Pause in April Despite Ongoing Tariff Pressures

The number of sales recorded over Canadian MLS Systems was unchanged (-0.1%) between March and April 2025, marking a pause in the trend of declining activity since the beginning of the year. Demand is currently hovering around levels seen during the second half of 2022, and the first and third quarters of 2023. At this point, the 2025 Canadian housing story would best be described as a return to the quiet markets weve experienced since 2022, with tariff uncertainty taking the place of high interest rates in keeping buyers on the sidelines, said Shaun Cathcart, CREAs Senior Economist. Given the increasing potential for a rough economic patch ahead, the risk going forward will be if an average number of people trying to sell their homes turns into a large number of people who have to sell their homes, and thats something we have not seen in decades. April Highlights: National home sales were unchanged (-0.1%) month-over-month. Actual (not seasonally adjusted) monthly activity came in 9.8% below April 2024. The number of newly listed properties fell 1% on a month-over-month basis. The MLS Home Price Index (HPI) declined 1.2% month-over-month and was down 3.6% on a year-over-year basis. The actual (not seasonally adjusted) national average sale price was down 3.9% on a year-over-year basis. https://www.crea.ca/media-hub/news/declines-in-canadian-home-sales-take-a-pause-in-april-despite-ongoing-tariff-pressures/

NBC: Residential market remains at a standstill in April amid trade uncertainty

Home sales remained relatively unchanged (-0.1%) from March to April following four monthly contractions. As a result, the number of transactions was 19% below the level in November last year, reversing last years rebound following the central banks interest rate cuts, and roughly in line with the depreciated level of sales observed in 2022. Sales increased in 6 of the countrys 10 provinces: New Brunswick (+5.2%), Manitoba (+3.3%), Quebec (+2.0%), Newfoundland (+1.9%), Nova Scotia (+1.8%), and Ontario (+1.1%). On the other hand, sales declined in B.C. (-2.3%), Alberta (-3.4%), Saskatchewan (-6.3%), and P.E.I. (-6.5%). There is no doubt that the ongoing trade conflict with the U.S. has weighed on consumer confidence and the housing market across the country, with potential buyers waiting for more economic visibility before acting. On the supply side, new listings decreased 1.0% from March to April. Combined with the low level of sales, active listings increased by 1.9% during the month, the fourth monthly advance in a row despite still elevated cancelled listings in April. Overall, the number of months of inventory (active listings-to-sales) increased for the fifth consecutive month, edging up from 5.0 in March to 5.1 in April, its highest level since April 2019 (excluding Covid). Meanwhile, market conditions loosened slightly during the month but remained relatively balanced compared to the historical average. This balanced market condition at the national level is explained by particularly soft conditions in Ontario and B.C., while market conditions in every other province continue to indicate a favourable to sellers market. These looser market conditions have had an impact on prices, with the MLS Home Price Index declining by 1.2% month-over-month and by 3.6% year-over-year. On an annual basis, home sales dropped by 9.8% compared to April 2024, thus reaching their lowest level for that period of the year since 2009. Sales were down in four of the ten provinces: Ontario (- 20.2%), B.C. (-14.6%), Alberta (-11.7%), and Saskatchewan (-10.6%). On the other hand, the sharpest increases were observed in Quebec (+10.0%), Newfoundland (+7.4%), and Manitoba (+6.6%). For the first four months of 2025, cumulative home sales were down 7.2% compared to the same period in 2024. https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/economic-news-resale-canada.pdf

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