Employment Report Ended 2022 With A BoomBy Scott WestlakeJanuary 9, 20230 comments#employment #CPI #rates #mortgagerate #drsherrycooper Today's Labour Force Survey for December was much stronger ...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...
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...
Inflation Pressures AcceleratingBy Scott WestlakeMarch 21, 20220 comments#inflation #drsherrycooper StatsCanada today reported that consumer prices rose 5.7% year-over-year in February, up again from the prior month's 5.1% rise. This was the largest gain since August 1991 (+6.0%). ...Read more...
New Real Estate Listings Finally Show Some LifeBy Scott WestlakeMarch 21, 20220 comments#realestatelistings #drsherrycooper Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales were up in February 2022 as buyers jumped on the first spring listings. The ...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...
Strong December Jobs Report in Canada. Another Strong Jobs Report In DecemberBy Scott WestlakeJanuary 10, 20220 comments#economicupdate #drsherrycooper #mortgagerates #August2021 #SW #TWT #DLC #scottwestlake To connect with Scott Westlake scott@thewestlaketeam.com Article: Statistics Canada released the December Labour Force Survey this morning, reporting employment gains of 54,700 last month–double market expectations. The unemployment rate fell to 5.9% from the 6.0% rate ...Read more...
Another Blockbuster Jobs Report in NovemberBy Scott WestlakeDecember 4, 20210 comments#economicupdate #drsherrycooper #mortgagerates #August2021 #SW #TWT #DLC #scottwestlake Statistics Canada released the November Labour Force Survey this morning, reporting employment gains of 153,700 last month--four times bigger than expectations. The unemployment ...Read more...
Bank of Canada RespondsTo Mounting Inflation: Ends QE and Hastens Timing of Rate HikeBy Scott WestlakeOctober 27, 20210 comments#economicupdate #boc #drsherrycooper #SW #TWT #DLC The Bank of Canada surprised markets today with a more hawkish stance on inflation and the economy. The Bank released its widely anticipated October Monetary Policy Report (MPR) ...Read more...
Housing Dampened Economy in Q2By Scott WestlakeAugust 31, 20210 comments#economicupdate #drsherrycooper #mortgagerates #August2021 #SW #TWT #DLC #scottwestlake For more information on how this article impacts your current or future mortgage needs, contact scott@thewestlaketeam.com This morning's Stats Canada release showed ...Read more...
Canada's Jobs Recovery Continued in JulyBy Scott WestlakeAugust 7, 20210 comments#economicupdate #drsherrycooper #mortgagerates #June2021 #SW #TWT #DLC #scottwestlake Canada’s labour market continued its recovery in July as health restrictions were lifted, but the gains were shy of expectations. The report signals the economic rebound is ...Read more...
Bank of Canada 'On the Vanguard' of Unwinding StimulusBy Scott WestlakeJuly 14, 20210 comments#bankofcanada #inflation #Mortgagebroker #SW #TWT #DLC #drsherrycooper Bank of Canada 'On the Vanguard' of Unwinding Stimulus ...Read more...
Canada's Jobs Recovery Resumed in June as Lockdown Began to EaseBy Scott WestlakeJuly 12, 20210 comments#economicupdate #drsherrycooper #mortgagerates #June2021 #SW #TWT #DLC #scottwestlake For information on obtaining a mortgage from our mortgage brokerage, contact scott@thewestlaketeam.com Canada's Jobs Recovery Resumed in June ...Read more...
Housing Drove the Economic Expansion in Q1 (Economic Update)By Scott WestlakeJune 2, 20210 comments#mortgagemarketupdate #economicupdate #SW #TWT #DLC #drsherrycooper Housing Drove the Economic Expansion in Q1 ...Read more...
Are We Starting To See A Slowdown In Canadian HousingBy Scott WestlakeMay 18, 20210 comments#economicupdate #drsherrycooper #mortgagerates #Mayhomesales #SW #TWT #DLC #scottwestlake For more information on this article or to connect with our team for your upcoming mortgage needs, contact scott@thewestlaketeam.com Starting to See a Slowdown in Canadian ...Read more...
Trudeau Opens the Spigots for Social Spending, Income Support, and a Green Economy.By Scott WestlakeApril 21, 20210 comments#DrSherryCooper #DLC #SW #TWT #scottwestlake #federalbudget #mortgaegnews For more information on how the budget impacts your current or future mortgage needs, please contact scott@thewestlaketeam.com Chrystia Freeland’s First Budget is As Promised In more than two years, the first federal budget extends Ottawa’s COVID-19 “lifeline” ...Read more...