Realestate - Blog - The Westlake Team

Good News On The Canadian Housing Front

By Scott WestlakeApril 21, 20230 comments

The Canadian Real Estate Association says home sales in March edged up 1.4% in March. Homeowners and buyers were comforted by the fall in fixed mortgage rates as the Bank of Canada ...Read more...

3 Advantages of a Pre-Approval.

By Scott WestlakeJuly 11, 20220 comments

#preapproval #prequalification #buyingahome #purchasingrealestate

While getting pre-qualified can give you a ballpark estimate on what you can afford, getting pre-approved is where the real magic happens. Mortgage pre-approval means that a lender has stated (in writing) that you do qualify for a mortgage and what amount, based on submitted ...Read more...

Recently Funded - $6M + Mortgage Luxury Real Estate

By Scott WestlakeMy PortfolioJanuary 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...

Spring Magazine Now Available Online

By Scott WestlakeMarch 26, 20210 comments

#sw #twt #dlc #scottwestlake #luxuryrealestate #luxurymortgagespeicalist #mortgagebroker

This quarter, The Invidiata magazine is all home and design. The magazine continues to bring you the best in luxury real estate and lifestyle, while also featuring designers, home essentials, trends and more. As a busy mortgage brokerage, The Westlake Team helps ...Read more...

What Does Canada’s Aging Population Mean for the Real Estate Market?

By Scott WestlakeFebruary 8, 20210 comments

#agingpopulation #realestate #mortgagebroker #mortgageinfo #scottwestlake #twt

I’ve got good news and bad news. The bad news is: we’re not getting any younger. The good news is: we’re not going away anytime soon, either, as life expectancy for Canadians is higher than ever before! At least, I think that’s good news—check ...Read more...

As of October, Realtors in Ontario can incorporate (finally).

By Scott WestlakeSeptember 24, 20200 comments

#MNP #TWT #DLC #scottwestlake #realestate #realtors #tax #incorporated

As of October, Realtors in Ontario can incorporate. One of our good friends is leading this initiative for MNP provincially. Here’s a brief fact sheet they developed. We are happy to connect any of our realtor partners that may have questions. We are also ...Read more...

PST on Default Mortgage Insurance

By Scott WestlakeSeptember 24, 20200 comments

#defaultinsurance #mortgagedefaultinsurance #firsttimebuyer #F #thewestlaketeam #twt #scottwestlake #mortgageadvise #realestate #oakvillemortgageadvise #burlingtonmortgageadvise #torontomortgageadvise

Many buyers are not aware or prepared to pay the Sales Tax on the Mortgage Default Insurance Premium - this is when you’re putting less than 20% down payment on a purchase. This is also in addition to your down payment and other closing costs. Sales Tax in Ontario is 8% ...Read more...

Canadian Housing Market Sets Record Highs in August

By Scott WestlakeSeptember 16, 20200 comments

#drsherrycooper #augustrealestate #scottwestlake #twt #dlc

This article is from our Chief Economist, Dr. Sherry Cooper. Her commentary is on the red-hot summer housing market which continued in August as sales and new listings boom, pushing prices higher. As always, please connect with scott@thewestlaketeam.com or text/call 416-436-1135 ...Read more...

The Importance of Reviews!!!

By Scott WestlakeMay 29, 20200 comments

#reviews #mortgagereview #testimonial #twt #realestate #mortgage

It was not too long ago The Westlake Team, TWT started asking for reviews! People are busy and its not always easy to take time to leave a review but we are so happy we started to ask. After over $1B in mortgage lending we cant believe we just started to ask for reviews. We ...Read more...

A Couple Reasons To Work With Our Mortgage Team

By Scott WestlakeMay 19, 20200 comments

#mortgageawards #mortgagebroker #mortgaegadvise #realestate #twt #dlc

Our team is always trying to surround ourselves with great people to work with. The people we work with give us a unique competitive advantage when it comes to supporting our clients and referral sources with their mortgage and lending needs. We urge you to take the same ...Read more...

10 Great Reasons to use a Mortgage Broker

By Scott WestlakeFebruary 17, 20200 comments

#10reasonstousemortgaegbroker #twt #thewestlaketeam #scottwestlake #mortgagebroker #realestate #luxurybroker #purchase #preapproval #refinance #construction #commercial #renewal

Here are 10 great reasons why you should consider a Mortgage Broker for your next Mortgage! Be it purchase, refinance, renewal, residential, commercial, private or construction - here are 10 reasons why you need a Mortgage Broker in your corner. To connect with one of ...Read more...

Mortgage Lending in 2020

By Scott WestlakeJanuary 7, 20200 comments

#mortgaegbroker #twt #thewestlaketeam #dlc #realestate #mortgageadvise #luxurylending #nichelending #2020predictions #gtamortgaegbroker

Its a new year, a new decade and everyone thats buying, renewing, refinancing or in the real estate cycling wants to know what mortgage financing in 2020 is going to look like. In my opinion, lending in 2020 is going to be similar to the second half of 2019, unless the ...Read more...

Oakville Housing Market Outlook and An Oakville Mortgage Brokers Perspective

Oakville Housing Market Outlook & An Oakville Mortgage Brokers Perspective

By Scott WestlakeNovember 28, 20190 comments

#oakvillehousingmarket #housingupdate #twt #thewestlaketeam #luxuryrealestate #luxurymortgagebroker #mortgagebroker #dlc #scottwestlake #oakville

"Re/Max is forecasting continuing balance conditions for the Oakville housing market in 2020." What we look at is a Mortgage Brokerage is whats driving demand. According to the statistics below, "move-up-buyers" are driving this demand. The reason this is ...Read more...

Federal Budget Targets Rich Canadians For New Spending