Inflation Cooled Again in August, But Higher Rates Still ComingBy Scott WestlakeSeptember 20, 20220 comments#interestrates #mortgagerates #BoC #inflation Canada's headline inflation rate cooled again in August, even a bit more than expected. The consumer price index rose 7.0% from a year ago, down from 7.6% in July and a forty-year ...Read more...
The Bank of Canada Hiked Rates Again And Isn't Finished YetBy Scott WestlakeSeptember 8, 20220 comments#BoC #bankofcanada #interestrates #mortgagerates #variablerates The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 75 basis points today to 3.25% and signalled that the policy rate would rise further. The ...Read more...
Finally, Some Good News on the Inflation FrontBy Scott WestlakeAugust 11, 20220 comments#inflation #economy #marketupdate #interestrates It was widely expected that US consumer price inflation would decelerate in July, reflecting the decline in energy prices that peaked in early June. The US CPI was unchanged last ...Read more...
Canadian Inflation Surged to 8.1% in JuneBy Scott WestlakeJuly 22, 20220 comments#inflation #economy #marketupdate #interestrates Another bad inflation number was posted today. The rate of consumer inflation continued to rise, reaching 8.1% year over year (y/y) in June, following the 7.7% gain in May. The increase ...Read more...
House Price Decline Accelerated in JuneBy Scott WestlakeJuly 17, 20220 comments#houseprices #homeprices #economy #recession #interestrates #SW #TWT Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates has broadened. Home ...Read more...
Canadian Inflation Surged to 7.7% In MayBy Scott WestlakeJune 23, 20220 comments#inflation #economy #marketupdate #interestrates Canada's consumer price index increased 7.7% in May from a year earlier, up from 6.8% in April, the fastest inflation pace since January 1983. The release confirms that ...Read more...
Housing Market Correction Gains Steam in MayBy Scott WestlakeJune 15, 20220 comments#interestrates #boc #canadianrates #rateincrease Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates has broadened. In April, ...Read more...
Blockbuster September Jobs Report--Further Fuel For Rising Interest RatesBy Scott WestlakeOctober 8, 20210 comments#SW #TWT #DLC #marketupdate #jobs #interestrates For more information on how this information impacts your next mortgage, connect with our team scott@thewestlaketeam.com Statistics Canada released the September Labour ...Read more...
INTEREST RATE SPECIALBy Scott WestlakeJune 4, 20190 comments#interestratedrop #mortgagenews #interestrates #thewestlaketeam #mortgagebroker Starting today June 4, 2019 our interest rates are reducing to some of our lowest pricing in years. 5 year fixed, 3 year fixed, variable for both high ratio and conventional mortgages (less than 20% down and more than 20% down). Reach out today for more details for you ...Read more...