Bank of Canada Hikes Rates by 50 BPs, Signalling More To ComeBy Scott WestlakeApril 13, 20220 comments#mortgagerates #mortgagerate #boc #variablerate The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points for the first time in 22 years. This was a widely telegraphed action that will ...Read more...
Understanding Your Mortgage Rate.By Scott WestlakeApril 5, 20220 comments#interestrate #mortgagerates When it comes to mortgages, one of the most important influencers is interest rate but do you know how this rate is determined? It might surprise you to find out that there are 10 major factors that affect the interest you will pay on your home loan! Knowing these factors will not ...Read more...
Strong December Jobs Report in Canada. Another Strong Jobs Report In DecemberBy Scott WestlakeJanuary 10, 20220 comments#economicupdate #drsherrycooper #mortgagerates #August2021 #SW #TWT #DLC #scottwestlake To connect with Scott Westlake scott@thewestlaketeam.com Article: Statistics Canada released the December Labour Force Survey this morning, reporting employment gains of 54,700 last month–double market expectations. The unemployment rate fell to 5.9% from the 6.0% rate ...Read more...
Another Blockbuster Jobs Report in NovemberBy Scott WestlakeDecember 4, 20210 comments#economicupdate #drsherrycooper #mortgagerates #August2021 #SW #TWT #DLC #scottwestlake Statistics Canada released the November Labour Force Survey this morning, reporting employment gains of 153,700 last month--four times bigger than expectations. The unemployment ...Read more...
Housing Dampened Economy in Q2By Scott WestlakeAugust 31, 20210 comments#economicupdate #drsherrycooper #mortgagerates #August2021 #SW #TWT #DLC #scottwestlake For more information on how this article impacts your current or future mortgage needs, contact scott@thewestlaketeam.com This morning's Stats Canada release showed ...Read more...
Canada's Jobs Recovery Continued in JulyBy Scott WestlakeAugust 7, 20210 comments#economicupdate #drsherrycooper #mortgagerates #June2021 #SW #TWT #DLC #scottwestlake Canada’s labour market continued its recovery in July as health restrictions were lifted, but the gains were shy of expectations. The report signals the economic rebound is ...Read more...
Canada's Jobs Recovery Resumed in June as Lockdown Began to EaseBy Scott WestlakeJuly 12, 20210 comments#economicupdate #drsherrycooper #mortgagerates #June2021 #SW #TWT #DLC #scottwestlake For information on obtaining a mortgage from our mortgage brokerage, contact scott@thewestlaketeam.com Canada's Jobs Recovery Resumed in June ...Read more...
Are We Starting To See A Slowdown In Canadian HousingBy Scott WestlakeMay 18, 20210 comments#economicupdate #drsherrycooper #mortgagerates #Mayhomesales #SW #TWT #DLC #scottwestlake For more information on this article or to connect with our team for your upcoming mortgage needs, contact scott@thewestlaketeam.com Starting to See a Slowdown in Canadian ...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...
March Existing Home Sales in Canada Hit New Record High As New Listings Surge To Unprecedented LevelsBy Scott WestlakeApril 16, 20210 comments#economicupdate #drsherrycooper #mortgagerates #marchhomesales #SW #TWT #DLC #scottwestlake For more information on this article or how it impacts your current or future mortgage, please contact our office scott@thewestlaketeam.com What is All the Policy Hysteria ...Read more...
Bank of Canada Holds Rates and Bond-Buying SteadyBy Scott WestlakeMarch 11, 20210 comments#bondyields #mortgagerates #twt #dlc For information on how this information impacts your current or future mortgage, please connect with Scott scott@thewestlaketeam.com Much has changed since the Bank ...Read more...
Lock In Mortgage Rates Now - 5 Year Bond Yield Surges!By Scott WestlakeFebruary 27, 20210 comments#bondyields #mortgagerates #twt To lock in an interest rate or get pre approved, email scott@thewestlaketeam.com or complete our secure application online https://velocity.newton.ca/sso/public.php?sc=13u98ppz2wdfk - we will get a notification and reach out to connect on next steps! ...Read more...
Mortgage Brokers Have More AccessBy Scott WestlakeOctober 21, 20200 comments#access #choice #mortgagerates #mortgageterms #twt #scottwestlake #topbrokerage When I joined the Mortgage Broker industry, my main reason was access! More access for my customers. More access for my referral sources. Options and choice is power when negotiating a Mortgage. We have had unprecedented changes in terms of underwriting mortgages ...Read more...