Another Jumbo Rate Hike, Signalling More To ComeBy Scott WestlakeJune 2, 20220 comments#BoC #bankofcanada #variablerate #increasedrate #ratechange The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points once again today, marking the third rate hike this year. The two back-to-back ...Read more...
Bank of Canada Starts Hiking Rates, Signalling More To ComeBy Scott WestlakeMarch 2, 20220 comments#boc #ratechange #variable #rate The Governing Council of the Bank of Canada raised the overnight policy rate target by a quarter percentage point in a widely expected move and signalled that more hikes would be ...Read more...
Bank of Canada Holds Rates Steady, But Pares Bond-Buying ProgramBy Scott WestlakeApril 21, 20210 comments#mortgagerates #ratechange #SW #TWT #sherrycooper #DLC #mortgagebroekr For more information on how our mortgage brokerage can help with your current or next mortgage or how this information impacts you, please connect with scott@thewestlaketeam.com ...Read more...
Lower Rate = Increased Purchasing Power!By Scott WestlakeMay 27, 20200 comments#BoCratechange #lowerrate #twt #dlc With the recent BoC rate decrease you now qualify for a larger mortgage. For information on how the lowering of the qualifying rate impacts your mortgage pre approval, mortgage for purchase, mortgage refinance or mortgage renewal, contact us today scott@thewestlaketeam.com ...Read more...
Commentary On Our Current Market Conditions & How To Take Advantage Of Current Market Low Interest RatesBy Scott WestlakeMarch 13, 20200 comments#preapproval #ratechange #refinance #renewal #mortgagebroker #twt First off, on behalf of our entire team, we hope everyone is safe and healthy during a confusing time with the impact COVID-19 is having on the entire world. In relation to the impact on Canadian's Mortgages, we are now obtaining historical low interest rates for both fixed ...Read more...