VERICO is delighted to welcome Robert and Melanie McLister, Tim Mezik and their team to the network. Robert, Melanie and Tim are the broker owners of intelliMortgage Inc., based in Vancouver and Toronto.
Claude Sullivan and his team at VERICO East Coast Mortgage Brokers contributed over $19,000 last year in charities! These donations benefited charities including: Janeway Children’s Hospital (Children’s miracle Network), Rotary Club of St. John’s Northwest, CIBC Run for the Cure and 15 other charities.
VERICO is delighted to congratulate our award recipients on being recognized with CAAMP awards at the Sunday night gala! Mortgage Depot - VERICO - AMP Corporate Excellence Award, Bob Hanscom, AMP - CAAMP-AMBA Award and Art Appelberg, AMP - CAAMP-IMBA Award
VERICO Premiere Mortgage Centre’s Scott Bentley danced the Argentine Tango to raise much needed funds for children with learning disabilities. Dancing for our Stars, a ballroom dancing competition which took place on September 22nd at the Cunard Centre in Halifax, was a tremendous success. This single event raised over $465,000.00 for Bridgeway Academy to assist children with learning disabilities.
Canadian housing markets thus appear destined to correct, but we think the correction will remain relatively mild, thanks to decent employment growth and continued low interest rates. Calgary, Ottawa, and Québec City look set to fare best. Conditions are weak in both major British Columbia markets. In Vancouver, slowing Chinese demand probably represents a larger threat to housing prices than poor affordability. In Toronto, the condominium market is slowing, but this will be gradual, not disorderly.
According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity edged lower on a month-over-month basis in June 2012. Price gains remained strong in Toronto, continued slowing in Greater Vancouver, and accelerated in Calgary.
Major Canadian real estate markets continued to show exceptional resiliency throughout the first quarter of the year, with strong demand and diminished supply setting the stage for a heated spring 2012, according to a report released today by RE/MAX.
VERICO Vivid Mortgage Inc., situated in beautiful downtown Vancouver, is owned by two time Canadian Mortgage Award finalist, Michael Sjerven. Michael has a passion for the mortgage business and plans to grow his business by offering great compensation to like-minded sub-brokers.
See the latest episode of VERICO TV here. In this month's VERICO TV, Colin Dreyer comments on the importance of business planning and encourages you to create the best customer experience for every one of your clients and taking advantage of all the opportunities in our marketplace.
VERICO K-W Mortgage is pleased to announce that Jeff Attwooll, one of this year’s CMP top mortgage brokers in Canada, and Teresa Bujouves, a broker with many years of experience in the financial industry, have joined the company.
Housing investment edged up 0.2%, a much slower pace than the 1.8% advance in the first quarter. After two consecutive quarterly gains, ownership transfer costs related to housing resale activity declined 7.8%. In contrast, new housing construction rose 4.1%. Renovation activity was flat this quarter.
See the latest episode of VERICO TV here. In this month's VERICO TV, Colin Dreyer comments on what the recent US credit rating could mean for our interest rates and encourages members take advantage of the opportunities ahead by doing what VERICO members do best.
See the latest episode of VERICO TV here. Some exciting cutting edge technology was introduced at the VERICO Business Forum and you can expect to see more details on Verico Dynamics and Verico Payroll coming soon.
The Canadian housing market is becoming highly segmented and multi-dimensional which is making traditional measures, like average prices, increasingly irrelevant in gauging the health and state of the sector, finds a new report from CIBC World Markets Inc. "Glancing at popular metrics such as the price-to-income ratio or the price-to-rent ratio, it is tempting to conclude that the housing market is already in clear bubble territory and a huge crash is inevitable," writes Benjamin Tal, Deputy Chief Economist at CIBC, in his latest Consumer Watch Canada report.
Build your social media presence with your own blog, daily news feeds and links to YouTube and Twitter! We will show you where to find content and what topics you can talk about to demonstrate your mortgage expertise. Find out how you can strengthen your online presence in 5 easy minuets.
VERICO Canada was recognized with the CMP Best Branding Award last Friday in front of 500 industry members at the annual CMP Mortgage Award Gala. VERICO Canada also congratulates Brian Matthey and VERICO The Mortgage Professionals in Kingston, ON on winning the CMP Mortgage Brokerage of the Year Award.
This is going to be the biggest event VERICO has ever hosted and we hope you will join us! Find out where the corporate strategic direction is headed in 2012; take a sneak peek at brand new VERICO tools, learn tactics from VERICO top brokers; hear from top executives of major lenders and much more!
Colin Dreyer, John Kelly and Sean Widdess will be at the CMP Award Gala Friday night to congratulate all VERICO nominees. Look for a special announcement on Monday morning when we announce the winners!
Trish Pigott, Broker Owner of VERICO Primex Mortgages Inc., has been recognized with two nominations in the annual CMP Awards. Nominated for Best newcomer Mortgage Broker Firm and Broker of the Year (less than 25 employees), Trish says that this is a tremendously exciting time for her.
Jessi Johnson, President of VERICO Jessi Johnson Mortgage Team, is relatively new to the industry having only opened the doors to his business for a year and a half ago but already, this up and comer has developed a reputation as one of the biggest brokers in the virtual world and appears regularly in the media. Nominated for four CMP awards, Jessi says that it’s all about creating the best experience for his clients.
VERICO The Mortgage Professionals in Kingston, ON was recently nominated for the upcoming CMP Mortgage Brokerage of the Year Award. Company President Brian Matthey also personally received a nomination for Mortgage Broker of the year. With over 21 years of experience in the industry and as one of the original founders of CAAMP, Matthey has built not only a distinguished career personally, but also a brokerage operation that includes six offices, 19 agents and 10 support staff.
The VERICO network received 20 nominations for the upcoming CMP awards! “Each of these nominees and their staff have demonstrated an unsurpassed commitment to the industry and dedication to their clients. I look forward to congratulating them personally on April 29,” says Colin Dreyer, President of Verico Financial Group Inc.
The Canadian Credit Center (CCC) spoke with Jared Dreyer, Accredited Mortgage Professional and President of VERICO Dreyer Group Mortgages Vancouver. He says "I have been getting numerous emails and calls regarding the new mortgage regulations coming into effect March 18th, 2011. While they don't effect everyone, a short conversation and getting pre-approved should protect you against the changes". Dreyer adds, "Anyone considering Refinancing, Purchasing a New Property, or Making ANY Changes to their mortgage should call their mortgage broker now".
The VERICO National Advisory Council provides invaluable guidance and information in charting the strategic direction of the network as well as providing feedback to VERICO Canada useful in the shaping of day to day administrative decisions and longer term strategies.
Gary Siegle, one of three recipients of the 2010 CAAMP Mortgage Hall of Fame award, says he attributes three things to his accomplished career. He takes some time to talk to JAC News about the career he has enjoyed over the past 38 years.
Troy Alexander, a mortgage broker with VERICO Select Mortgage in Victoria, BC, recently returned from a two week aid mission to help children with cleft-lips in the Philippines. Mr. Alexander was one of three Canadians on the twenty-seven member team that participated in a medical mission with Rotaplast International, a non-profit humanitarian aid organization that offers cleft-lip surgery to children in need. “My thought on day one when I landed in Cebu was one of awe. I have never been to a developing or third world country so had no idea what to expect..."
Jan Rice is one of three inductees to the 2010 CAAMP Mortgage Hall of Fame. Canada Real Estate Magazine talks to Ms. Rice about her serendipitous start to an accomplished career in the mortgage industry as well as her current position as CMHC National Manager of Insurance Business Development and the services that CMHC provides to mortgage brokers.
Pierre Martel is one of three inductees to the 2010 CAAMP Mortgage Hall of Fame. Canada Real Estate Magazine talks to Mr. Martel about his passion for the industry and what's truly at the core of his business.
Mary Carey, Broker of VERICO Personal Choice Mortgage Services Inc., talks to VERICO Magazine about staying competitive and aiming for intelligent growth. Carey, a long time professional in the financial and mortgage industry says that as cliché as it may seem, the old adages hold true when it comes to differentiation from competitors.
The Bank of Canada forecasts that, as a result of the crisis, cumulative foregone economic output from 2009 to 2012 will be 16 per cent of GDP in Europe and 9 per cent of GDP in Canada (see Appendix, Chart 1). Over the longer term, we estimate that these shortfalls could grow to about 40 per cent and 30 per cent of respective GDP. Given the synchronous nature of this global crisis, there are reasons to fear such severe outcomes.
Jessi Johnson, President of VERICO Jessi Johnson Mortgage Team, has one of the strongest social media presences in the mortgage brokerage industry. Mr. Johnson takes some time to talk to JAC News about the role of social media in this industry and his unique experience thus far in his career.
"Operating for 27 years in the Mortgage Business doesn't come easy," states Wayne Sudsbury, President of VERICO Homeguard Funding Ltd, on the company’s website. With over three decades of experience in the mortgage industry, Mr. Sudsbury has truly seen it all. Read about Mr. Sudsbury observations on how the industry has evolved since the 1980s and his advice to those just starting out in their careers.
Roslyn Goldmintz, founder of VERICO RBG Realty Mortgage Brokerage, says that there were more industry changes in the past year than in the past 20 years combined. And she expects more to come. “…I think there will be a lot more changes coming forward and they are going to happen a lot faster. It is really important that as brokers we learn to adjust and adapt if we want to continue to provide the level of service that we should be to our client base…”
Pat Dell, Owner of VERICO Crown Mortgage Services, says she enjoys helping clients achieve the Canadian dream of home ownership and that there are many opportunities for mortgage brokers in the new home owner market and also those who need a second mortgage.
Mortgage brokers are getting bigger, faster and stronger says Garth Ellis, owner of VERICO Ellis Mortgages Canada. He says that the opportunity for brokers in today’s market lies in the sophisticated level of industry knowledge, association services and business tools offered by organizations such as VERICO. “Consumers are looking for a second opinion and when they get that second opinion, they go to an independent mortgage broker. We have the opportunity to demonstrate how much we offer before, during and after the mortgage process…”
Don MacVicar , President of VERICO Premiere Mortgage Centre, talks about the important role of mortgage brokers in today’s marketplace and offers his views on the mortgage landscape. With locations in Altantic Canada and GTA, Don has carved out the organization’s niche with a full service relocation business in addition to providing consumers with mortgage and financial expertise.
"I have worked with Sean Widdess for many years and known Colin Dreyer for a long time. I liked the concept that VERICO is an association of independent mortgage brokerage firms and is not a franchise."
"We have decided to join VERICO because of their reputation throughout the industry and the independence they encourage. They offer excellent tools and support to help grow my business, while maintaining a hands-off approach."
"After reviewing and meeting many companies, we chose VERICO because we believe them to be our best advocate in the industry, and a great provider of information and services that complement our business moving forward. With the challenges we are facing in this industry today, we felt that VERICO will be working on our behalf to make sure we are protected, because quite frankly, our single voice is not as loud as a collective cohesive group voice. Volume Bonuses were not a big enticement to us, as most of the lenders we use are individually geared. We felt the other services that VERICO provided had value for our company."
"On a business/financial level, it's very simple: it just makes good business sense. However, on a more personal level, it's exciting to be associated with some of the top mortgage professionals in the business and to be working with Colin, who is the master negotiator in the mortgage industry.