(778) 668-9320 scott.dawson@verico.ca
Verico Dynamics

Verico Dynamics

Launching Early 2013, Verico Dynamics is a next generation end-to-end management system customized to meet the specific needs of Canadian Mortgage Brokers. VERICO Dynamics will streamline my workflow as well as provide industry leading benefits to my mortgage clients....
Part Time Brokers

Part Time Brokers

There’s a Canadian Mortgage Revolution happening and I wanted to weigh in and give my thoughts on one of the many excellent points brought up for discussion at a yesterday’s industry gathering in Calgary. Although I was unable to attend the event in Calgary, I...
Don’t Sign That Renewal Letter

Don’t Sign That Renewal Letter

It’s no secret that people love their banks. What I’m shocked at however is the rates that banks continue to send out to their valued clients on mortgage renewal letters. As a mortgage broker I see renewal letters all the time. In a recent renewal notice for a client...
Bank of Canada Keeps Interest Rates at 1%

Bank of Canada Keeps Interest Rates at 1%

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. For mortgage borrowers this means that those in Variable Rate Mortgages...
Economists Expect Rates to Hold

Economists Expect Rates to Hold

Mark Carney and The Bank of Canada meets next Tuesday, July 19th and of the 37 Economists polled by Reuters, none expect a hike next week at the Bank of Canada’s July 19 rate decision. Of those polled none expect an increase until later in the fall or early 2012....
Can I Break My Mortgage?

Can I Break My Mortgage?

A common question I receive from clients is if they can break their mortgage and how much will it cost if they do. There’s no easy answer to this question unless you know the type of mortgage you are in because different mortgages have different terms and...
Google+ Tips for New Users

Google+ Tips for New Users

Google+ is upon us and brings a new and exciting social media tool to explore. I’ve had the opportunity to sign up as one of the field testers for Google+ last week. If you haven’t already you can signup for an invite at plus.google.com. As Google opens up...
Historical Rate Sheets June 2011

Historical Rate Sheets June 2011

These updated historical rate charts and graphs track rate trends for variable and fixed rates over the last 25 years. Historical Rate Trends for June 2011 Average Fixed rates decreased again (decrease of 0.20) Variable rates remain the same (3.00) Both Fixed and...
Benjamin Tal Economic Buzz: Summer 2011

Benjamin Tal Economic Buzz: Summer 2011

Benjamin Tal is a Senior Economist at CIBC World Markets. In this capacity Benjamin is responsible for analyzing economic developments and their implications for North American fixed income, equity, foreign exchange and commodities markets. Benjamin Tal Economic Buzz:...