Verico Mortgage Brokers Network

Canadian Bond Yields
Term Current Previous
Change
2-year 1.25  1.27 -.02
5-year 2.41  2.43 -.02
10-year 3.36  3.36 +.00

Welcome

The Verico Canadian Home Equity Management Corp’s mission is to focus on our client’s net worth while developing strong, long lasting relationships with Canadians.

We accomplish this mission by forging and nurturing strategic relationships with qualified professionals in order to create a financial counsel dedicated to our client’s financial wellness. By expanding our position from mortgage brokers to home equity managers, we’ve expanded our commitment to our relationships with our clients. Most people know what a mortgage broker can do, but if you’re interested in how a home equity manager can help your net worth please contact us with any questions.

Rates as of  

BROKER VARIABLE 6 MONTH 1 YEAR 2 YEAR 3 YEAR 5 YEAR 7 YEAR 10 YEAR
Our  Rates 2.15 3.85 2.35 3.05 3.59 3.89 5.30 5.40
BMO Bank of Montreal 5.25 6.21 3.95 4.05 4.15 5.25 6.60 6.70
CIBC 5.50 6.74 3.95 4.05 4.15 5.25 6.60 6.70
Royal Bank 5.50 6.35 3.90 4.85 4.85 5.25 6.60 7.60
Scotia Bank 5.50 6.35 3.90 4.15 4.15 5.25 6.60 6.89
TD Canada Trust 5.00 6.20 3.90 4.05 4.15 5.25 6.60 7.00

Canadian Home Equity rates represent the typical discounted rate available to borrowers with strong credit, qualifying income and assets, on conventional real property that meets lending value requirements. This data is for information purposes only and should not be relied upon without verification by contacting your Home Equity Manager or the indicated financial institution. Rates are subject to change without notice, are compounded semi-annually and not in advance. In unusual circumstances lender or broker fees may apply.


A Better Rate

Canadian Home Equity Managers have access to over 40 financial institutions they can shop to ensure you get the best available mortgage - and the best available mortgage rate.

From residential to commercial and recreational real estate your Home Equity Manager can help you make the right decisions on financing by providing you with a wide range of alternatives. Whether you're buying a home, renewing your mortgage, or thinking about refinancing to renovate, invest or even consolidate your debts - Trust The  Experts at the Canadian Home Equity Management Corp.

Current Market News

Where We Practice

Our Mortgage business is based out of Sidney BC. We are 20 mins north of Victoria BC.  We set up our practice here to enjoy one of the most beautiful places on the earth.

   
Please read the bio of the city from the city of victoria's web site,

Victoria is Western Canada's oldest city. The City began in 1843 as a Hudson Bay Company trading post, named in honour of Queen Victoria. 

With the Fraser Valley gold rush in 1858, Victoria grew rapidly as the main port of entry to the Colonies of Vancouver Island and British Columbia. When the colonies combined, the City became the colonial capital and was established as the provincial capital when British Columbia joined the Canadian Confederation in 1871.

For most of the nineteenth century, Victoria remained the largest city in British Columbia and was the foremost in trade and commerce. However, with construction of the Transcontinental railway, Vancouver, as its terminus, emerged as the major west coast port and the largest city in British Columbia.

In the twentieth century, Victoria evolved primarily as a city of government, retirement and tourism. The City remains, however, Canada's western naval base and home to a major fishing fleet. Ship building and repair, as well as forest products and machine manufacturing industries, continue as significant sources of employment. Increasingly, the city is developing as a marine, forestry and agricultural research centre. The City is also noted for its fine educational institutions which include the University of Victoria, Lester B. Pearson College of the Pacific (one of only six in the world operated by United World Colleges), and the recently opened Royal Roads University.

Today with an estimated regional population of 326,000, a moderate climate and scenic setting, Victoria has retained a very vital but comfortable quality of life. The City is proud of its British heritage, its fine homes and neighbourhoods, its historic and attractive downtown, the flowers and parks and, of course, the Inner Harbour with its vistas toward the famous Empress Hotel and the Parliament Buildings.

In a survey conducted by Conde Nast Traveller magazine, Victoria was judged to be one of the world's best cities, topping the list in the category of environment and ambience. In a cross-Canada survey, Victoria residents registered the greatest satisfaction with their city. This satisfaction and regard for the quality of life and environment is perhaps the most notable feature of Victoria today, and the challenge in its future.

What we Practice

We are licensed mortgage brokers, but we feel the role of the mortgage broker needs to be expanded from some one who simply facilitates a mortgage with the mortgagor and the mortgagee.  In this economic environment with ever increasing complexity the role of the mortgage broker needs to evolve to include a greater understanding of the role the mortgage plays in a clients' overall financial plan. Mortgage products are advertised with rate, but the composition and function of a mortgage product is just as valuable a variable as rate, if the mortgage is going to function within the plan designed by a licensed financial advisor.  This viewpoint ensures our mortgage brokers develop strong relationships with other financial professionals.

For more information about how you can use a mortgage broker please click here.