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.
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 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!
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.
Ready or Not?
Deciding whether to buy a fixer-upper or a move-in ready home isn't a question of which is better, but rather which makes the most sense for you. To help you figure that out, consider the following questions:
What's your budget? Move-in ready homes typically cost most that fixer-uppers, as they done need work. Plus, there can be more competition for move-in ready homes, which further drive up the price. With lower asking prices and less competition, fixer uppers can be a great way to buy into a neighborhood you otherwise couldn't afford.
What is the nature of work needed? Are the problems with the fixer-upper largely cosmetic, or are they significant, such as poor plumbing or wiring? If the work needed is significant, the high cost of improvements may mean you'll end up spending more on the fixer-upper than you would have on a move-in ready home.
Do you have the time and know-how to fix up a fixer-upper? If so, buying such a property can be a great way to get exactly what you want in a home while boosting its resale value. If not, you're better off buying a turnkey home, as having to hire contractors could negate any savings incurred by purchasing a fixer-upper.
What are the neighborhood dynamics? Buying a home in an undesirable location of depriciating neighborhood is always a risky proposition, but this is especially true when buying a fixer-upper, as youare less likely to recoup your improvement expenses on a home in such a location or neighborhood.
National Bank of Canada Weekly Economic Watch
Housing starts rose from 166.5K in April to 193.5K in May (seasonally adjusted and annualized). Urban starts improved 22K to 181.1K on increases in both the multi-unit (+14.9K to 135.9K) and the single-detached (+7.1K to 45.3K) segments. At the provincial level, urban starts shot up in Quebec from 0K in April to 56.3K as social distancing measures were eased but plunged 37.1K to 56.5K in Ontario. June results should provide a clearer snapshot of the post-lockdown residential construction industry in Canada. Projects delayed on account of the Covid-19 pandemic might sustain starts at a relatively high level for a short while but the longer-term horizon looks less promising in light of much higher joblessness and reduced immigration. Moreover, tougher CMHC standards for mortgage insurance will likely exclude some potential buyers by shrinking their purchasing power. We estimate that the new rules governing maximum gross debt service will reduce by about 11% the amount that the median Canadian household will be allowed to borrow.
Source: NBA Economics and Strategy
Virtual Tours and Live Streams a Hit on REALTOR.ca
While staying home to help stop the spread of COVID-19, Canadians are spending more time looking at properties on REALTOR.ca, Canadas No. 1 real estate platform*. During the week of March 9, visits to REALTOR.ca dropped by 30%; however, since April 12 traffic has crept back up by 14% and consumer inquiries to REALTORS through the site rose by 25%similar to levels during the same period last year. Despite the pandemic, REALTOR.ca has seen a 14% increase of visitors during the first quarter of 2020.
As COVID-19 is limiting how buyers can visit homes that interest them, REALTOR.ca makes it possible for Canadian REALTORS to virtually showcase listings by integrating video and 3D tours from 10 of the most popular services. Since April 7, REALTORS can also schedule and promote live stream open houses using popular platforms such as Facebook Live, Instagram Live, Zoom and YouTube.
If theres one thing 30-plus years in this business has taught me, its that as an industry we are early adopters of technology, said Costa Poulopoulos, Chair of the Canadian Real Estate Association. With restrictions on how we can continue to serve our clients, Im proud that weve been able to add features for REALTORS that allow them to continue to show homes to interested buyers.