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My Rates

6 Months 4.45%
1 Year 4.79%
2 Years 4.99%
3 Years 4.99%
4 Years 5.04%
5 Years 5.04%
7 Years 5.64%
10 Years 5.69%
6 Months Open 8.25%
1 Year Open 6.45%
*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

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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

Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 3%, with the Bank Rate at 3% and the deposit rate at 3%. The Bank is also continuing its policy of quantitative tightening. The global and Canadian economies are evolving broadly in line with the Banks July projection. The effects of COVID-19 outbreaks, ongoing supply disruptions, and the war in Ukraine continue to dampen growth and boost prices. Global inflation remains high and measures of core inflation are moving up in most countries. In response, central banks around the world continue to tighten monetary policy. Economic activity in the United States has moderated, although the US labour market remains tight. China is facing ongoing challenges from COVID shutdowns. Commodity prices have been volatile: oil, wheat and lumber prices have moderated while natural gas prices have risen.

Prices have come down from their peak in July

From the National Bank of Canada Declining transactions in the resale market and rising interest rates continue to weigh on property prices, with the Teranet-National Bank Composite House Price Index falling 0.2% from June to July after seasonal adjustments. This is the first monthly decline since the one seen at the beginning of the pandemic in June 2020. Using the unsmoothed seasonally adjusted index, which is more sensitive to market fluctuations, the decline is even more pronounced, with property prices falling 1.4% from June to July. Moreover, price decreases continue to be widespread across the country. In fact, for all 32 markets where the seasonally adjusted unsmoothed index was available in July, 58% experienced a decline during the month, the same proportion as observed in June, but much higher than those recorded since the beginning of the year. You have to go back to May 2020, at the very beginning of the pandemic when uncertainty was at its peak, to find such a large proportion of markets down. While the Bank of Canada has indicated that it will continue to raise its policy rate and that transactions in the real estate market should continue to decline, we anticipate that the composite index should decrease by 10% by the end of 2023. https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/economic-news-teranet.pdf

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