Monthly Mortgage Newsletter - June 2022By Scott WestlakeJune 8, 20220 comments#monthlymortgagenewsletter #SW #DLC #TWT #2022 Welcome to the June ...Read more...
Canadian Inflation Shows No Signs Of AbatingBy Scott WestlakeMay 19, 20220 comments#economicupdate #sherrycooper #SW #TWT #DLC Inflation at 6.8% is unmitigated bad news. The Bank of Canada looks flat-footed again, having forecast that Inflation would be at least a full percentage point lower by now. What's ...Read more...
Your Home Buying A-Team.By Scott WestlakeMay 9, 20220 comments#ateam #Sw #TWT #DLC There are four major components to any successful home buying A-Team: your mortgage professional, realtor, home inspector and lawyer. Each of these individuals is important to various aspects of the home buying process. MORTGAGE PROFESSIONAL While many people think a real estate agent ...Read more...
Recently Funded - $1.553M Mortgage - Residential Purchase - Pre Approved for NO COF - P - 1.25%By Scott WestlakePortfolioApril 23, 20220 comments#portfolio #recentlyfunded #SW #TWT #DLC #purchase #variablerate TWT Recently Funded a $1.55M Mortgage for a client of ours purchasing a new home. Client referred by realtor during a very hot market with limited supply and needed feedback on viability of no financing condition. TWT fully underwrites pre approvals ...Read more...
Affordable Housing Is A Key Theme In Federal Budget 2022By Scott WestlakeApril 8, 20220 comments#budget #housing #drsherrycooper #drcooper #twt #SW #DLC Today's budget announced a $10 billion package of proposals intended to reduce the cost of housing in Canada (see box below). The fundamental problem is insufficient supply to ...Read more...
Welcome to the March issue of my monthly newsletter!By Scott WestlakeMarch 1, 20220 comments#monthlymortgagenewsletter #SW #DLC #TWT #2022 Welcome to the March issue of my monthly newsletter! Spring is just around the corner and we have all the ...Read more...
Inflation Ticked Up Again in JanuaryBy Scott WestlakeFebruary 17, 20220 comments#economicupdate #sherrycooper #SW #TWT #DLC StatsCanada today reported that consumer price inflation rose to 5.1% from year-ago levels in January, compared to 4.8% in December. This was higher than expected but still well ...Read more...
Wanted: Home SellersBy Scott WestlakeFebruary 17, 20220 comments#economicupdate #sherrycooper #SW #TWT #DLC Housing affordability remains a huge political issue, and with the Department of Finance working on the upcoming budget, no doubt measures to reduce home prices will be front and ...Read more...
No Wonder The Bank of Canada Didn't Hike Interest Rates Last MonthBy Scott WestlakeFebruary 7, 20220 comments#economicupdate #sherrycooper #SW #TWT #DLC #rateupdate #boc Statistics Canada released the January Labour Force Survey this morning, reporting a much more extensive than expected decline in jobs last month. The Omicron shutdowns and restrictions ...Read more...
2021 Masters AwardBy Scott WestlakeFebruary 4, 20220 comments#masterclubaward #award #masterclub #DLC #SW #TWT Quick thank you to all those that supported me this past year. Very proud to join the Master Club which is an exclusive group of Mortgage Brokers that represent the top 2% in likely the largest brokerage in Canada - Dominion Lending Centres. What makes this award even more ...Read more...
Staying Out of the Penalty Box.By Scott WestlakeFebruary 2, 20220 comments#mortgaegpenalty #penalty #breakingmortgage #SW #TWT #DLC When it comes to mortgages, it is easy to focus on the rates and your current situation, but the reality is that life happens and when it does, rates won’t be the only thing that matters. First and foremost, the most important thing to remember is that a mortgage is a contract. ...Read more...
Renting Vs. Buying: What You Need to Know!By Scott WestlakeJanuary 31, 20220 comments#rentvsown #preapproval #firsttimebuyers #SW #TWT #DLC When it comes to the Canadian housing market, there are lots of options for where to live! From renting an apartment to owning a single-family home, it all comes down to where you see yourself living and what you can afford! The beauty is, there is no right or wrong answer when it ...Read more...
Bank Will Hike Rates At Next MeetingBy Scott WestlakeJanuary 26, 20220 comments#economicupdate #sherrycooper #SW #TWT #DLC #rateupdate #boc While markets were 70% certain the Bank would hike their overnight target rate today, we remained of the view that the Governing Council would hold off until March or April because ...Read more...
Recently Funded - $6M + Mortgage Luxury Real EstateBy Scott WestlakePortfolioJanuary 26, 20220 comments#luxuryrealestate #milliondollarmortgage #luxurymortgagespecialist #TWT #SW #DLC TWT recently funded a $6M ++ residential mortgage for a client of ours purchasing a very luxurious home. Navigating financing for luxury real estate is one of our specialities and we are happy to see this come together smoothly. Locking in industry low mortgage ...Read more...
First-Time Home Buyer.By Scott WestlakeJanuary 20, 20220 comments#firsttimehomebuyer #buyingrealestate #homepurchase #SW #TWT #DLC Being on the path to purchasing your first home is one of the most exciting and most rewarding moments in life! While people don’t always dream of the perfect mortgage, we do grow up thinking of a white picket fence and our dream home. Even if you imagined your dream home as ...Read more...
Mortgage Broker News - Housing Affordability Erodes Further With Record-Low SupplyBy Scott WestlakeJanuary 17, 20220 comments#economicupdate #boc #drsherrycooper #SW #TWT #DLC To connect with Scott Westlake, scott@thewestlaketeam.com Housing affordability remains a huge political issue and with the Department of Finance working on the upcoming ...Read more...