Hawkish Hold By The Bank of CanadaBy Scott WestlakeOctober 25, 20230 comments#bankofcanada #interestrate #boc #variablemortgage #mortgagerates #homesales ...Read more...
Good News On the Inflation Front Suggests Policy Rates Have PeakedBy Scott WestlakeOctober 17, 20230 comments#economicupdate #realestateprices #boC #housing #interestrates Today's inflation report for September was considerably better than expected, ending the three-month rise in inflation. Not only did the headline inflation rate fall, but ...Read more...
Increasing Mortgage Rates Weighed Heavily On Housing In SeptemberBy Scott WestlakeOctober 16, 20230 comments#economy #mortgagerates #refinance #renewal #Purchase #boc Mortgage rates continued to rise in September after BoC tightening and one of the largest bond selloffs in history. Yields have retraced some of their rise more recently, but demand ...Read more...
Monthly Mortgage Newsletter - October 2023By Scott WestlakeOctober 11, 20230 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter ...Read more...
Another Strong Jobs Report Tests BoC's PatienceBy Scott WestlakeOctober 7, 20230 comments#jobs #economy #mortgagerates #sherrycooper Canadian employment rose by a whopping 63,800 in September, tripling market expectations. The underlying data put the strong job growth into perspective. Most of the gains in overall ...Read more...
August Inflation Hotter Than ExpectedBy Scott WestlakeSeptember 20, 20230 comments#rates #economy #sherrycooper ...Read more...
Converting Your Basement to an Income SuiteBy Scott WestlakeSeptember 20, 20230 comments#incomesuite #basementrental With the current interest rates and economic scenarios, many Canadians may be looking for ways to bring in some extra cash. One option for this is to put your home equity to work and consider renovating your basement into a legal income suite! You can do this by using a secured credit ...Read more...
Home Sales Dipped Once Again Last Month In The Wake of Two Consecutive BoC Rate HikesBy Scott WestlakeSeptember 15, 20230 comments#bankofcanada #interestrate #boc #variablemortgage #mortgagerates #homesales Not surprisingly, buyers moved to the sidelines last month as the central bank took the overnight policy rate up to 5.0%. Home sales posted a 4.1% decline between July and August, ...Read more...
Bank of Canada Holds Rates Steady Acknowledging Economic SlowdownBy Scott WestlakeSeptember 6, 20230 comments#boc #bankofcanada #interestrates #mortgagerates #variablerates #economy With last Friday's publication of the anemic second-quarter ...Read more...
Welcome to the September issue of my monthly MORTGAGE newsletter!By Scott WestlakeSeptember 5, 20230 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter ...Read more...
Rate Hikes Are Definitely Off The TableBy Scott WestlakeSeptember 1, 20230 comments#mortgagerates #interestrates #bondyield #economicupdate #variablerate The Canadian economy ...Read more...
Choosing Your Ideal Payment Frequency, What My High Net Worth Clients Do & Tech To Support YouBy Scott WestlakeAugust 30, 20230 comments#taxefficientebt #mortgagepaymentoptions #mortgaegcalculators Closing your ideal payment frequency Your payment schedule is the frequency that you make mortgage payments and ranges from monthly to bi-monthly, bi-weekly, accelerated bi-weekly or even weekly payments. Below is a quick overview of what each of these payment frequencies mean: Monthly ...Read more...
Housing Market Sales Dipped in July, Spooked By Rate HikesBy Scott WestlakeAugust 16, 20230 comments#listings #newlistings According to Shaun Cathcart, ...Read more...
July Headline Inflation Rose to 3.3%, But Core Inflation ImprovedBy Scott WestlakeAugust 16, 20230 comments#economy #mortgagerates #refinance #renewal #Purchase #boc The Consumer Price Index (CPI) rose 3.3% y/y in July, up from a 2.8% rise in June. The acceleration in headline inflation was widely expected due to a base-year effect on gasoline ...Read more...
What To Know About Subject Free OffersBy Scott WestlakeAugust 8, 20230 comments#subjectfreeoffer #noconditions #conditionsfreeoffer When it comes to purchasing a home, most offers include conditions or subjects, which are requirements or criteria to be met before the sale can be finalized and the property is transferred. Some of the most common subjects include: Financing approval Home inspection ...Read more...
The Long-Awaited Labour Market SlowdownBy Scott WestlakeAugust 5, 20230 comments#jobs #economy #mortgagerates #sherrycooper The Canadian economy shed 6,400 jobs in July, far weaker ...Read more...