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

Bank of Canada lowers rates again and launches two debt market support programs

March 30th, 2020
This morning, the Bank of Canada lowered its target for the overnight rate by 50 basis points to ¼ percent. This follows a 50-basis point reduction that took effect March 16, 2020 and a 50-basis point reduction on March 4, 2020 and brings the policy rate to its lowest level since the global financial crisis over a decade ago.

In making its second unscheduled rate decision in just two weeks, t ...

Bank of Canada makes another emergency cut to interest rate

March 27th, 2020
The Bank of Canada has made a second unscheduled cut to its benchmark interest rate, lowering it to 0.25 per cent amid the COVID-19 crisis.

The central bank made the announcement in a news release on Friday morning.

The overnight lending rate is what the bank charges for short-term loans between retail banks, but it impacts the rates that Canadian consumers get from their banks on things like ...

Canada’s big banks will offer mortgage relief to Canadians

March 23rd, 2020
The novel coronavirus outbreak has forced Canadians to hole up in their homes, bringing normal life to a standstill. With government and health bodies advocating for social distancing to flatten the curve, many businesses are on the verge of shutting down. Many Canadians are fearing layoffs as a massive economic slowdown looms.

While people are scrambling to put food on the table and save the ...

Buying season off to a brisk start

March 10th, 2020
The annual spring home buying season seems to have jumped the gun and is already out of the blocks. Canada’s biggest and busiest markets are reporting significant sales and price increases based on activity recorded even before the announced easing of the B-20 stress test and the, coronavirus inspired, drop in the Bank of Canada rate.

February figures from Greater Vancouver show a 45% sales i ...

Bank of Canada lowers overnight rate at second 2020 meeting

March 4th, 2020
This morning, the Bank of Canada lowered its target for the overnight rate by 50 basis points to 1.25 percent from 1.75 percent.

This is the first time the benchmark rate has changed since October 24, 2018.

Comparing the Bank’s two most recent statements (today and January 22, 2020), we find several notable new comments:

  • It is “becoming clear that the first quarter of 2020 will be weaker ...

The Real Estate Board of Greater Vancouver - February 2020 Stats

March 3rd, 2020
February saw steady home buyer demand and reduced home seller supply across Metro Vancouver*.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in February 2019, and a 36.9 per cent increase from the 1,571 homes sold in January 2020.

Last month’s sales wer ...

Markets and the Coronavirus

March 2nd, 2020
The spread of the Coronavirus has affected equities and financial markets around the world.

What the markets and the bankers are really trying to cure is fear. And the medicine of choice appears to be interest rate cuts.

Pressure is mounting on a reluctant Bank of Canada to trim its trendsetting interest rate at its meeting on Wednesday, and at least once more during 2020. Market watchers hav ...