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Toronto Mortgage Brokers
Verico Mortgage Options Ltd. has Toronto mortgage brokers available in Toronto to help you achieve your dream of home ownership. With prices being what they are in the greater Toronto area, you need to deal with an expert who can maximize your borrowing potential, so the next home is not simply a stepping stone to your dream home.
Toronto is a vibrant, metropolitan city. Not only is it the capital of Ontario, but it is the largest and best known of all Canadian cities. Unlike cities in Alberta and British Columbia, prices have not jumped quite as drastically in Toronto and Ontario, but rather have seen a steady, solid increase which still places Toronto in the top 5 for most expensive cities in Canada. Is it any wonder our mortgage brokers are so busy in Toronto?
So why are mortgage brokers so common place in the Toronto market? Over 1 in 4 Canadians (7 in 10 Americans) use mortgage brokers to assist them in financing their homes. To understand why so many Toronto residents and Canadians choose to use a mortgage broker and why they are so important to the process you have to understand firstly how the banks operate. When a client walks into a bank, they are given a rate based on how strong their relationship is to the bank; the more assets you have with the bank, the better the rate you get. In order to give these big discounts to their high value clients, every other client has to give up a little bit of their discount, this is referred to as a 'rate basket'. It takes several average clients to be as profitable as one high value client to a bank. This is why every client at the bank seems to get a different rate.
Toronto mortgage brokers operate on a different model than the rate basket, we are given access to the banks best wholesale rates on a daily basis as they try to compete with the other banks brokerage channel for your business. Bank appetites for new business in Toronto and Ontario can vary, but we have access to so many different lenders that you are always guaranteed to get the best wholesale rates available on the market on any given day!
Toronto Facts and Stats
- Toronto is Canada's largest city with a population of over 5 Million residents in the GTA
- Toronto is the capital of Ontario
- Toronto boasts the world's longest street (Yonge)
- Toronto's population is larger than the 4 Atlantic Provinces combined
- Toronto is consistently rated one of the world's most livable cities
- Toronto is a city of new immigrants, with nearly 50% of the city being born outside of Canada
Toronto Attractions
- CN Tower
- Hockey Hall of Fame
- Royal Ontario Museum
- Ontario Science Center
- St Lawrence Market
- Canada's Wonderland
- Toronto Zoo
- Toronto Film Festival
- Toronto Islands
Mortgage Brokers
Call one of our Toronto Mortgage Brokers today, or apply online for a Free Pre-Approval today.
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