AGENT LICENSE ID
M09002027
BROKERAGE LICENSE ID
12060
Victor Catalan
Mortgage Broker
Office:
Phone:
Email:
Address:
95 Queen St S Unit B, MISSISSAUGA, Ontario
BROWSE
PARTNERSI specialize in helping people with bad credit get a mortgage or help consolidate your debt into your mortgage.
As an experienced mortgage professional, it is my job to get you the mortgage you need at the price that you deserve. I work on your behalf and have access to over 25 different lenders. Let’s work together to get you the right mortgage! Even if you have credit challenges, call me and let's look at your numbers.
BLOG / NEWS Updates
Foreign entities investing in the housing market.
An intersting article came about regarding the influx of foreign money into the housing market by CBC.http://www.cbc.ca/news/business/housing-market-regulations-1.3479818.
I am for regulating the market to foreign money for the following points:
The demand for housing is not related to dweling requirement but on investment requirement forcing the prices to go up; common Canadians would not be able to afford these prices resorting to renting and other non-permanent means of dwelling
Income from investment properties held by foreign entities are very unlikely invested back into Canada. There is a potential that the revenues generated leave the country - we have no laws to prevent this
As more foreign funds come into the housing market, sustainability of the whole market is now in the hands of entities who may chose to abandon or sell their investments. This will affect the whole market as people who opted to buy the property at a higher cost after saving their hard earned money would suffer from a devaluated house price.
Banks would be unclear as to the direction of these investment properties - they would not have any solid indicator if a default is emminent.
The idea of building house for local consumption or local use should be the priority and should be the focus of the housing market. If there is a large portion of houses owned by foreign entities being used to leverage on a quick and short term profit, it is then no different from the stock market where the later would have regulations on how a sale was done - on properties , you can dispose an asset when you want to. This is not sustainable in the long run.
How to tell between a real CRA call and a scam
(NC) Many of us have heard of scammers pretending to be from the Canada Revenue Agency. You may have even received a call or email yourself. But how do you know what you can trust?
Avoiding this common scam is easier when you know what the agency will and wont do. The agency will never threaten you with immediate arrest or jail for a tax debt, and never uses text or instant messaging to communicate about taxes. It will never demand that you settle tax debt by buying gift cards or prepaid credit cards, or using cryptocurrency like Bitcoin, or offer to pay you a refund by e-transfer.
Remain vigilant when you receive communication from someone claiming to be from the CRA, especially when asked for personal information such as a social insurance, credit card, bank account or passport number. If you are unsure that the person on the phone is a legitimate agency employee, ask for the agents phone number and badge number and call 1-800-959-8281 to validate the caller.
If you receive a call demanding immediate payment, take time to think it over. If you believe it was legitimate, you can check the status of your account online.
If you use online or telephone services, you can further protect yourself by keeping your access codes, user ID, passwords and PINs secret, and changing them frequently. Enabling email notifications for online CRA accounts will notify you by email of changes to them, warning you of potentially fraudulent activity.
Finally, suspicious phone calls or messages can be reported to the Canadian Anti-Fraud Centre online or by telephone. If you think you have fallen victim to a scam, contact your local police.
Find more information at canada.ca/taxes.
www.newscanada.com
Home prices accelerate in February
In February the TeranetNational Bank National Composite House Price IndexTM was up 0.5% from the previous month, an acceleration from the January increase after three consecutive months of slowing. The advance was led by four of the 11 constituent markets: Halifax (2.3%), Hamilton (1.1%), Vancouver (0.8%) and Quebec City (0.7%). Rises of less than the countrywide average were reported for Montreal (0.5%), Victoria (0.4%), Calgary (0.4%) and Toronto (0.4%). The index for Winnipeg was flat on the month. Down from the month before were the indexes for Edmonton (0.1%) and Ottawa-Gatineau (0.5%). After three months, from September to November last fall, in which all 11 markets of the composite index were up from the month before, February was a third consecutive month in which one or more markets were down on the month.
The February rise is consistent with the increase in the number of home sales over the last several months reported by the Canadian Real Estate Association. For a sixth straight month, the number of sale pairs entering into the 11 metropolitan indexes was higher than a year earlier. The unsmoothed composite index, seasonally adjusted, was up 1.1% in February, suggesting that the uptrend of the published (smoothed) index could persist.
Source: National Bank
