The Bank of Canada Holds Rates Steady And Expects Rate Cuts Later This YearBy Scott WestlakeJanuary 24, 20240 comments#bankofcanada #interestrate #boc #variablemortgage #mortgagerates #homesales Today, The Bank of Canada held the overnight rate at 5% for the fourth consecutive meeting but provided an outlook suggesting that monetary easing will begin by mid-year. The Bank ...Read more...
A Bumpy Road To The Inflation TargetBy Scott WestlakeJanuary 18, 20240 comments#Boc #bankofcanada #interestrates #mortgagerates #variablerates #economy #inflation Canada's headline inflation number for December '23 moved up three bps to 3.4%, as expected, as gasoline prices didn't fall as fast ...Read more...
Canadian Home Sales Surprisingly Strong in DecemberBy Scott WestlakeJanuary 16, 20240 comments#bottomline #interestrates #mortgagerates #economicoutlook Statistics released today by the Canadian Real Estate ...Read more...
Brisk Wage Gains in December Will Keep The BoC WatchfulBy Scott WestlakeJanuary 8, 20240 comments#boc #rates #mortgagerate #economy #economicupdate Today's StatsCanada Labour Force Survey for December was ...Read more...
January Monthly Mortgage Newsletter 2024!By Scott WestlakeJanuary 2, 20240 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter ...Read more...
Inflation UpdateBy Scott WestlakeDecember 20, 20230 comments#inflation #bankofcanada #boc #rates #mortgagerate Inflation Held Steady In November Today's inflation report was stronger than expected, unchanged from October's ...Read more...
Housing Markets Prepare For A 2024 ReboundBy Scott WestlakeDecember 14, 20230 comments#housingmarket #springmarket #realestatemarket #interestrates #economy Before we get into the details of the November housing market data released this morning by the Canadian Real Estate Association (CREA), big positive news for housing occurred yesterday. ...Read more...
The Bank of Canada Held Rates Steady and Took A More Neutral ToneBy Scott WestlakeDecember 6, 20230 comments#boc #interestrate #variablerate #bankofcanada #mortgagerate It was widely expected that the Bank of Canada would maintain ...Read more...
Jobless Rates Hits 22-Month High--Led by Losses in Finance and Real Estate EmploymentBy Scott WestlakeDecember 4, 20230 comments#employment #jobloss #realestateemployment Today's StatsCanada Labour Force Survey for November was ...Read more...
The Table Is Set For Rate Cuts In 2024By Scott WestlakeDecember 1, 20230 comments#interestrates #ratecuts #mortgagerates #rates2024 #BoC The Canadian economy ...Read more...
Navigating Tenancy: A Landlord's Guide to a Successful Rental ProcessBy Scott WestlakeNovember 30, 20230 comments#investmentproperty #rental #tenant #investment If you're a landlord seeking a tenant for your basement suite or rental property, there are crucial aspects to consider to ensure a harmonious tenancy and protect your investment. As a landlord, you're responsible for maintaining properties to meet health, safety, and housing standards, ...Read more...
Good News On the Inflation Front Suggests Policy Rates Have PeakedBy Scott WestlakeNovember 21, 20230 comments#economicupdate #drsherrycooper #interestrates #boc Today's inflation report showed a continued improvement, mainly due to falling year-over-year (y/y) gasoline prices. The October ...Read more...
Canadian Home Sales Slump Accelerates in OctoberBy Scott WestlakeNovember 15, 20230 comments#economicupdate #drsherrycooper #interestrates #boc Housing affordability is the number-one issue causing ...Read more...
Monthly Mortgage Newsletter - November 2023By Scott WestlakeNovember 9, 20230 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter Welcome to the November ...Read more...
Weak October Jobs Report Likely Takes Further BoC Rate Hikes Off The TableBy Scott WestlakeNovember 3, 20230 comments#rates #economy #sherrycooper Today's StatsCanada Labour Force Survey for October was ...Read more...
MORTGAGES, REAL ESTATE & LIFESTYLEBy Scott WestlakeFund MagazineNovember 3, 20230 commentsAmortgage is the most common and significant type of debt held by Canadians. Almost all homeowners will have a mortgage at some point in their life; and almost 9 of 10 Canadian homeowners aged 25-44 (88%) have mortgages. Between historically low interest rates, demand ...Read more...