Slide 1

Free Professional Advice

Why choose Micah? Because I provide valuable professional advice and it’s FREE!

Why pay more than needed? Get my rate specials. Let me negotiate the best rate for you and save money.

Slide 2

Best Rates

Let me shop the major banks and top lenders for you.

Let me negotiate the best rate. Remember I work for you, not the banks.

Slide 3

Get Approved

My approval rating is high.

With my portfolio of lenders, I can find you a program that works for you.

Slide 3

Savings

Lower rates equals thousands in savings.

Why pay more than needed? Get my rate specials. Let me negotiate the best rate for you and save money.

Slide 3

Availability

When the banks are closed, I am not.

I work for you and I am at your service 7 days a week.

Blog by Micah Verceles

Residential Market Update - Canada’s interest rate conundrum

June 28th, 2019
The latest flurry of economic data appears to give the Bank of Canada the footing it needs to stand firm on interest rates.

Core inflation came in at 2.1% in May. That is the highest rate since 2012. The central bank prefers the core reading, which strips out volatile items like food and fuel, which were both the big influencers in May.

Canada’s retail sales numbers are generally deemed to be ...

Here’s where there are still hot housing markets in the Vancouver area

June 25th, 2019
It’s not all doom and gloom for the Metro Vancouver housing market.

A new study from REW.ca suggests there is one seller’s market — and several just shy of that status — in the region.

“In the current slowing real estate market, it’s easy to read the headlines and imagine that sales are plummeting all over the region and it’s becoming a buyer’s market. But that’s not necessarily true of all a ...

Pre-sale condo buyers back out of contracts as market slows in Lower Mainland

June 22nd, 2019
When the market was hot, people lined up overnight to get their hands on pre-sale condominiums. Now that the housing market in B.C.'s Lower Mainland has cooled, some buyers are trying to back out of their contracts — unable to obtain the financing they need.

A Vancouver lawyer says clients are coming to him several times a week hoping he can help find loopholes to get out of buying units the ...

CMHC’s First-Time Home Buyer Incentive Falls Short of Expectations

June 21st, 2019
The Canada Mortgage and Housing Corporation held an official announcement yesterday to release details of its First-Time Home Buyer Incentive (FTHBI).

While officials reiterated how this shared-equity program will help young middle-class Canadian buyers, there were scant new details beyond what has previously been confirmed since the program was first announced in the March budget.

A Recap of ...

Average wages in Canada need to double for millennials to afford a house: study

June 19th, 2019
A new report out of the University of British Columbia says millennials – who make up the bulk of the highly coveted first-time buyer cohort – are still wildly priced out of the housing market.

The report, titled “Straddling the Gap”, says 25 to 34 year-olds are stuck between high home prices, rising rents, stagnant wage growth and the threat of rising interest rates. It says that – over the ...

5,400 sq.ft Reverse Roof House in Billimora by Amit Shastri Architects

June 18th, 2019
PROJECT FACT FILE:
Name: Reverse Roof House
Location: Billimora, Gujarat
Plot Area: 5,400 sq.ft
Built-up Area: 5,500 sq.ft
Start Year: June, 2015
Completion Year: 2018
Cost Range: INR 2,500 - 3,000 per sq.ft

ARCHITECT DETAILS: F
irm Name: Amit Shastri Architects
Based In: Mumbai Principal: Architect Amit Shastri
URL: http://amitshastriarchitects.com/

Photo Credits: Photographix | Sebastian + I ...

Residential Market Commentary - A tale of two job reports

June 17th, 2019
The latest job numbers out of Canada and the U.S. have fired up speculation about what is going to happen with interest rates.

The employment stats for May appear to be telling the story of two economies heading in different directions. Canada’s numbers came in well above expectations last month with nearly 28,000 new, full time positions created. (Part time numbers did not change.) That foll ...

Canada’s mortgage stress tests are broken: economist

June 13th, 2019
The stress tests most mortgage applicants in Canada face are defective — but rather than scrapping them, policymakers should make changes.

That’s the overall message economist Will Dunning is sending to Ottawa by way of a new report written for lending-industry group Mortgage Professionals Canada.

“[N]o serious person or organization is suggesting that the stress tests be abandoned. They are ...

'Pretty cheap money': Canadian mortgage rates falling to their lowest level in 2 years

June 12th, 2019
House prices may be as high as ever in many parts of the country, but Canadian homebuyers are being offered some of the lowest mortgage rates seen in years as lenders battle to drum up new business.

Rates on a standard five-year fixed-rate mortgage have fallen to their lowest level in two years, according to rate comparison website, Ratehub.ca.

Borrowers just about everywhere across the count ...

Debt blamed in credit crisis could help Canada with housing risk

June 11th, 2019
The type of securities blamed for triggering a credit crisis in the U.S. a decade ago could now be part of the solution in Canada, where a cooling housing market is a key risk to its US$1.7 trillion economy.

The Bank of Canada is discussing ways to encourage a more robust market for residential mortgage-backed securities with potential investors. Only about $1.5 billion of Canadian uninsured ...

Residential Market Commentary - Standing pat, but still optimistic

June 5th, 2019
The Bank of Canada remains optimistic, but understated, about the Canadian economy.

As expected the central bank remained on the sidelines for its last interest rate setting, holding at 1.75%. It cites an increase in global trade risks as the overriding factor in that decision.

The Bank is encouraged by the end of the Canada – U.S. tariff battle over steel and aluminum, along with the increas ...

The Real Estate Board of Greater Vancouver - May 2019 Stats

June 4th, 2019
May sees modest increase in home sales while housing supply reaches five-year high

Monthly *Metro Vancouver1 home sales eclipsed 2,000 for the first time this year in May, although home buyer demand remains below historical averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,638 in May 2019, a 6.9 per cent decrease from th ...

Metro Vancouver at 'epicentre' of further downside in BC housing prices: report

June 3rd, 2019
For the third consecutive year, annual resale transactions in BC real estate will continue to decline, resulting in the fewest home sales since 2013, according to a new report released today.

The latest Central 1 economic forecast said that any hopes for a better year for BC’s housing market were “dashed early as the culmination of federal and provincial policies continued to weigh heavily” o ...