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


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


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

<< back to article list

Think B.C. has a lot of housing regulations? You ain't seen nothing

The world’s most populous countries, India and China, don’t allow any non-resident foreign nationals to buy their real estate.

The city of Berlin just moved to protect 1.5 million tenants by freezing most rents for five years. The Netherlands is cutting back on sudden reno-victions by making sure 70 per cent of an apartment building’s tenants agree before landlords makes improvements.

In Canada, it’s British Columbia that arguably has the most rigorous housing restrictions, with a 20 per cent foreign-buyers tax and a speculation-and-vacancy tax. But such measures are minor compared to the astonishing rules concocted by other public officials to deflate housing bubbles and soften rent shocks.

Asian countries are much less open than Western nations to allowing foreign nationals to affect their property values by investing in their land. And many European countries have hard caps on rents, as well as direct financial top-ups to tenants paying more than 30 per cent of their income for housing.

There seems no limit to legislators’ housing creativity.

Many of the planet’s desirable cities are being hit by housing pressures similar to those squeezing Vancouver, Victoria and Toronto. Faced with skyrocketing prices and rents, often combined with stagnant local wages, governments across the political spectrum realize they’re called to devise a range of policies to calm prices and guard vulnerable tenants.

Such regulations and taxes can counter the factors driving up prices. Soaring valuations are caused by a sharp global rise in the number of millionaires, increasingly convenient flights from Asia to the West, record low interest rates and urban infrastructure megaprojects, such as Vancouver’s proposed subway to UBC.

Developers and their often-close political allies welcome the economic and population growth — and customarily claim the only way to create more reasonably priced housing (and hike their profits) is to increase density and reduce so-called red tape. But many economists say it’s impossible to build one’s way to affordability.

Rather counter-intuitively, building more houses is not the right prescription. House prices won’t fall until the tide of cash flowing into the market abates. … The best way to do this is through the tax system. Without stopping money funnelling into expensive areas, the market will simply absorb it and prices will keep rising.

via Rick Bowal PREC
Macdonald Realty