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My Rates

1 Year 2.99%
2 Years 3.29%
3 Years 3.54%
4 Years 3.64%
5 Years 3.24%
7 Years 4.14%
10 Years 4.54%
6 Months Open 6.70%
1 Year Open 4.45%
*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!

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     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.

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BLOG / NEWS Updates

The Contagion of Fear

Fears of a possible coronavirus pandemic are sweeping the world. Markets are jittery with little hard data to go on. With the first case now reported in Canada, many are recalling the 2003 SARS where Canada was one of the epicenters. Arguably the biggest (economic) lesson from that experience is that fear is the biggest risk to the outlook. The impact of the SARS pandemic on the Canadian economy is difficult to estimate, confounded as it was by the slowing US economy, the invasion of Iraq and other events, but the Bank of Canada estimated -0.6ppt hit to annualized growth in Q2-2003, or just over 0.1% on the level of GDP. While it is premature to predict the path of todays coronavirus outbreak, we estimate that a SARS-equivalent pandemic today could have a similar impact on the Canadian economy with an estimated hit of just over 0.1% on the level of GDP by mid-2020, at which point a pandemic should be contained. This estimate is subject to a significant degree of uncertainty with risks skewed to a potentially larger impact. The effect should not be significant enough to trigger a broader economic malaise, but could this finally push Governor Poloz over the line to proactively stimulate the economy in his next rate call? Source: https://www.scotiabank.com/content/dam/scotiabank/sub-brands/scotiabank-economics/english/documents/insights-views/2020-01-27_IV.pdf

Bank of Canada maintains overnight rate target at 1 ¾ percent

The Bank of Canada today maintained its target for the overnight rate at 1 percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 percent. The global economy is showing signs of stabilization, and some recent trade developments have been positive. However, there remains a high degree of uncertainty and geopolitical tensions have re-emerged, with tragic consequences. The Canadian economy has been resilient but indicators since the October Monetary Policy Report(MPR) have been mixed. Data for Canada indicate that growth in the near term will be weaker, and the output gap wider, than the Bank projected in October. The Bank now estimates growth of 0.3 percent in the fourth quarter of 2019 and 1.3 percent in the first quarter of 2020. Exports fell in late 2019, and business investment appears to have weakened after a strong third quarter. Job creation has slowed and indicators of consumer confidence and spending have been unexpectedly soft. In contrast, residential investment was robust through most of 2019, moderating to a still-solid pace in the fourth quarter.

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