Scott Westlake & The Westlake Team Transition To FC Funding!!!By Scott WestlakeNovember 9, 20221 comments#scottwestlake #thewestlaketeam #FCfunding #DLC #DLCG #1 Scott Westlake & The Westlake Team have joined FC Funding, the largest Independently Owned & Operated Franchise under DLCG. This includes; Dominion Lending Centres, Mortgage Centre & Mortgage Architects. FC Funding FC Funding will fund close to $4B ...Read more...
Gasoline Prices Dipped, But No Time To CelebrateBy Scott WestlakeAugust 17, 20220 comments#economicupdate #sherrycooper #SW #TWT #DLC While we are all grateful that gasoline prices declined from record highs in July, today's release of the July inflation data shows that the underlying inflation momentum remains ...Read more...
Housing Slowdown Continues in JulyBy Scott WestlakeAugust 16, 20220 comments#economicupdate #sherrycooper #SW #TWT #DLC Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates continued in July, albeit ...Read more...
The Canadian Economy Is Slowing--Job Markets Will Begin To ShiftBy Scott WestlakeAugust 7, 20220 comments#economicupdate #boc #drsherrycooper #SW #TWT #DLC The July employment report, released this morning by Statistics Canada, is a real head-scratcher. The job numbers fell for a second consecutive month, but so did the number of job ...Read more...
Monthly Mortgage Newsletter - August 2022By Scott WestlakeAugust 6, 20220 comments#monthlymortgagenewsletter #SW #DLC #TWT #2022 ...Read more...
A Super-Sized Rate Hike, Signalling More To ComeBy Scott WestlakeJuly 15, 20220 comments#economicupdate #sherrycooper #rateupdate #boc #variablerate #SW #TWT #DLC The Governing Council of the Bank of Canada raised its target for the overnight policy rate by a full percentage point to 2-1/2%. The Bank is also continuing its policy of quantitative ...Read more...
Welcome to the July issue of my monthly newsletter!By Scott WestlakeJuly 5, 20220 comments#monthlymortgagenewsletter #SW #DLC #TWT #2022 ...Read more...
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...