The Bank of Canada Cautious, But A Rate Cut In June Is PossibleBy Scott WestlakeApril 10, 20240 comments#economicupdate #realestateprices #boC #housing #interestrates Today, the Bank of Canada held the overnight rate at 5% ...Read more...
March's Weak Jobs Report Sets The Stage For A June Rate CutBy Scott WestlakeApril 5, 20240 comments#BoC #bankofcanada #interestrates #mortgagerates #variablerates #economy #inflation Today's StatsCanada Labour Force Survey for March is much ...Read more...
Great News On The Inflation FrontBy Scott WestlakeMarch 19, 20240 comments#inflation #bankofcanada #boc #rates #mortgagerate The Consumer Price Index (CPI) rose 2.8% year-over-year in February, down from the 2.9% January pace and much slower than the 3.1% ...Read more...
February Job Gains Double Forecast As Unemployment Rate Ticks UpBy Scott WestlakeMarch 11, 20240 comments#economicupdate #realestateprices #boC #housing #interestrates Today's StatsCanada Labour Force Survey for February was ...Read more...
The Bank of Canada Holds Rates Steady Until Core Inflation Falls FurtherBy Scott WestlakeMarch 6, 20240 comments#bankofcanada #interestrate #boc #variablemortgage #mortgagerates #homesales Today, the Bank of Canada held the overnight rate at 5% ...Read more...
Canadian Inflation Falls to 2.9% in January, Boosting Rate Cut ProspectsBy Scott WestlakeFebruary 20, 20240 comments#inflation #bankofcanada #boc #rates #mortgagerate The Consumer Price Index (CPI) rose 2.9% year-over-year in January, down sharply from December's 3.4% reading. The most significant ...Read more...
Canadian Home Sales Continued Their Upward Trend in January As Prices Fell ModestlyBy Scott WestlakeFebruary 14, 20240 comments#economicupdate #realestateprices #boC #housing #interestrates The Canadian Real Estate Association announced today that ...Read more...
January Jobs Report Dispells Recession FearsBy Scott WestlakeFebruary 12, 20240 comments#economicupdate #drsherrycooper #interestrates #boc oday's StatsCanada Labour Force Survey for January was ...Read more...
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...
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 Table Is Set For Rate Cuts In 2024By Scott WestlakeDecember 1, 20230 comments#interestrates #ratecuts #mortgagerates #rates2024 #BoC The Canadian economy ...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...
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...
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...
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...
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...
Rate Hikes Are Definitely Off The TableBy Scott WestlakeSeptember 1, 20230 comments#mortgagerates #interestrates #bondyield #economicupdate #variablerate The Canadian economy ...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...
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...
Canadian Inflation Falls Within Bank of Canada's Target Range, but Food and Shelter Costs Remain HighBy Scott WestlakeJuly 19, 20230 comments#economicupdate #realestateprices #boC #housing #interestrates ...Read more...
Bank of Canada June Rate Hike Spooks the Housing MarketBy Scott WestlakeJuly 17, 20230 comments#Bankofcanada #interestrate #boc #variablemortgage #mortgagerates The Canadian Real Estate Association says the BoC's surprise ...Read more...
Interest Rates Will Stay Higher For LongerBy Scott WestlakeJuly 13, 20230 comments#boc #bankofcanada #interestrates #mortgagerates #variablerates #economy ...Read more...
It's a Close Call Which Way the Bank Will GoBy Scott WestlakeJuly 8, 20230 comments#BoC #bankofcanada #interestrates #mortgagerates #variablerates #economy Employment growth last month came in at a whopping 60,000 ...Read more...
Will the May Inflation Decline Thwart Another Rate Hike in July?By Scott WestlakeJune 27, 20230 comments#inflation #bankofcanada #boc #rates #mortgagerate The May inflation data, released this morning by Statistics ...Read more...
Strong May Housing Triggered BoC Rate HikeBy Scott WestlakeJune 16, 20230 comments#economicupdate #realestateprices #boC #housing #interestrates The Canadian Real Estate Association says home sales in May rose 5.1% month-over-month (m/m), adding to the 11.1% gain in April. This brought the year-over-year sales gain to 1.4%, ...Read more...
Holy Smokes, The Bank of Canada Means BusinessBy Scott WestlakeJune 8, 20230 comments#boc #bankofcanada #interestrates #mortgagerates #variablerates #economy If there were any doubt that the Bank of Canada wanted inflation to fall to 2%, it would be obliterated today. In a relatively surprising move, the Bank hiked the overnight policy ...Read more...
Good News Is Bad News For The Bank Of CanadaBy Scott WestlakeJune 1, 20230 comments#inflation #economicupdate #rates The Canadian economy ...Read more...
Canadian Inflation Rose More Than Expected in April, But Core Inflation SlowedBy Scott WestlakeMay 17, 20230 comments#inflation #rates #mortgagerates #economy #drsherrycooper There's been an unexpected hiccup in the Bank of Canada's ongoing battle against inflation. Year-over-year, price pressures escalated to 4.4% in April, an uptick from the previous ...Read more...
High Interest Rates Have Not Slowed the Labour Market SufficientlyBy Scott WestlakeMay 8, 20230 comments#jobsreport #marketupdate #economy #mortgagerates #drsherrycooper The Canadian labour market has done it again, blowing ...Read more...
Great News On The Inflation FrontBy Scott WestlakeApril 18, 20230 comments#inflation #economy #rates The Consumer Price Index (CPI) fell sharply in March to ...Read more...
Good News On The Canadian Housing FrontBy Scott WestlakeApril 17, 20230 comments#housing #canadianhousing #inventory #rates #economy The Canadian Real Estate Association says home sales in ...Read more...
The Bank of Canada Holds Rates Steady Again But Maintains Its Commitment To 2% InflationBy Scott WestlakeApril 12, 20230 comments#boc #bankofcanada #interestrates #mortgagerates #variablerates #economy ...Read more...
Bank of Canada Not Happy With Another Strong Jobs ReportBy Scott WestlakeApril 7, 20230 comments#inflation #boc #interestrates #jobs This morning’s Jobs Report was again solid. Job creation, though more tempered than in earlier months, is still robust. The unemployment rate remained at 5.0% for the fourth ...Read more...
Further Decline in Inflation in February Will Keep the Bank of Canada On Hold in AprilBy Scott WestlakeMarch 21, 20230 comments#bankofcanada #interestrate #boc #variablemortgage #mortgagerates All eyes will be on the Federal Reserve tomorrow when ...Read more...
Housing Market Could Be Poised For A Spring ReboundBy Scott WestlakeMarch 16, 20230 comments#housing #interestrates #housingtrends #ecoomicupdate The Canadian Real Estate Association says home sales in February bounced 2.3% from the previous month. Homeowners and buyers were comforted by the guidance from the Bank of Canada ...Read more...
US Policymakers Take Emergency Action To Protect Depositors At Failed BanksBy Scott WestlakeMarch 15, 20230 comments#economicupdate #realestateprices #boC #USAmarket #SVB #interestrates Silicon Valley Bank (SVP) had a sterling reputation among the many tech start-ups it helped to finance. What brought SVB down was an old-fashioned bank run set off in 2021 by a series ...Read more...
The Bank of Canada Holds Rates Steady Even As the Fed Promises to Push HigherBy Scott WestlakeMarch 8, 20230 comments#boc #bankofcanada #interestrates #mortgagerates #variablerates As expected, the central bank held the overnight rate ...Read more...
Bad News Is Good News for the Bank of CanadaBy Scott WestlakeMarch 2, 20230 comments#BoC #bankofcanada #interestrates #mortgagerates #variablerates Statistics Canada released the real gross domestic product ...Read more...
Further Decline in Inflation in January Affirms Bank of Canada Pause in MarchBy Scott WestlakeFebruary 21, 20230 comments#boc #bankofcanada #econony #mortgagerates Canadian inflation decelerated meaningfully in January ...Read more...
December Housing Data Ended 2022 on a Weak NoteBy Scott WestlakeFebruary 15, 20230 comments#housing #interestrates #housingtrends #ecoomicupdate The Canadian Real Estate Association says home sales in January were the lowest for the month since 2009 and fell 37.1% from a year ago. The Canadian housing market has been sliding ...Read more...
No Surprises Here: The Bank of Canada Hiked Rates By Only 25 bps, Signalling A PauseBy Scott WestlakeJanuary 25, 20230 comments#boc #variablerates #bankofcanada #mortgagerates #monitarypolicy As expected, the Bank of Canada--satisfied with the sharp ...Read more...
Good News on the Inflation Front in DecemberBy Scott WestlakeJanuary 18, 20230 comments#monetarytightening #boc #mortgagerates #inflation #CPI #sherrycooper The Consumer Price ...Read more...
December Housing Data Ended 2022 On A Weak NoteBy Scott WestlakeJanuary 16, 20230 comments#CPI #economicupdate #rates #drsherrycopper #economy #employment Statistics released ...Read more...
Employment Report Ended 2022 With A BoomBy Scott WestlakeJanuary 9, 20230 comments#employment #CPI #rates #mortgagerate #drsherrycooper Today's Labour Force Survey for December was much stronger ...Read more...
The Bank of Canada Won't Like This Inflation ReportBy Scott WestlakeDecember 23, 20220 comments#boc #inflation #interestrates November's CPI inflation rate fell only one tick to 6.8%, ...Read more...
Advise For First Time Home BuyersBy Scott WestlakeDecember 15, 20220 comments#FTHB #firsttimehomebuyer #homebuyer #homebuying #interestrates First-time home buyers may be feeling a mix of excitement and anxiety as they begin the journey towards homeownership. There are many steps to the home buying process, and it can be overwhelming to think about all the things you need to consider and do. But don't worry! With a little ...Read more...
Sherry Cooper, chief economist with Dominion Lending Centres, joins BNN Bloomberg for reaction to the Bank of Canada's 50bps hikeBy Scott WestlakeDecember 7, 20220 comments#BNN #bloomberg #SW #DLC #interestrates #inflation Sherry Cooper, chief economist with Dominion Lending Centres, joins BNN Bloomberg for reaction to the Bank of Canada's 50bps hike. She says the central bank will need to see the labour market cool and that it will likely not pivot to rate cuts until 2024. Link to Dr. Sherry ...Read more...
The Bank of Canada Hiked Rates The Full 50 bpsBy Scott WestlakeDecember 7, 20220 comments#bankofcanada #interestrate #boc #variablemortgage #mortgagerates The Governing Council of the Bank of Canada raised its ...Read more...
Bank of Canada Will Not Be Happy With This Inflation ReportBy Scott WestlakeNovember 16, 20220 comments#inflation #boc #interestrates Not only did the headline CPI inflation rate stall at ...Read more...
Bank of Canada Will Not Be Happy With This Inflation ReportBy Scott WestlakeOctober 20, 20220 comments#inflation #BoC #mortgagerates Canada's headline inflation rate ticked down slightly last month to 6.9%, but measures of core inflation remain stubbornly high, and food prices hit a 41-year high. Lower gasoline ...Read more...
Orderly Housing Correction ContinuesBy Scott WestlakeOctober 17, 20220 comments#rates #boc #mortgagerate #inflation Orderly Housing Correction Continues ...Read more...
Our Chief Economists Take On Interest RatesBy Scott WestlakeOctober 17, 20220 comments#interestrates #rates #mortgagerates #boc #inflation Inflation appears to be book-ending my career. I started my work as an economist in the Research Division of the Federal Reserve Board in Washington, D.C., in the late 1970s. Inflation ...Read more...
Inflation Cooled Again in August, But Higher Rates Still ComingBy Scott WestlakeSeptember 20, 20220 comments#interestrates #mortgagerates #BoC #inflation Canada's headline inflation rate cooled again in August, even a bit more than expected. The consumer price index rose 7.0% from a year ago, down from 7.6% in July and a forty-year ...Read more...
The Bank of Canada Hiked Rates Again And Isn't Finished YetBy Scott WestlakeSeptember 8, 20220 comments#BoC #bankofcanada #interestrates #mortgagerates #variablerates The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 75 basis points today to 3.25% and signalled that the policy rate would rise further. The ...Read more...
Finally, Some Good News on the Inflation FrontBy Scott WestlakeAugust 11, 20220 comments#inflation #economy #marketupdate #interestrates It was widely expected that US consumer price inflation would decelerate in July, reflecting the decline in energy prices that peaked in early June. The US CPI was unchanged last ...Read more...
Canadian Inflation Surged to 8.1% in JuneBy Scott WestlakeJuly 22, 20220 comments#inflation #economy #marketupdate #interestrates Another bad inflation number was posted today. The rate of consumer inflation continued to rise, reaching 8.1% year over year (y/y) in June, following the 7.7% gain in May. The increase ...Read more...
House Price Decline Accelerated in JuneBy Scott WestlakeJuly 17, 20220 comments#houseprices #homeprices #economy #recession #interestrates #SW #TWT Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates has broadened. Home ...Read more...
Canadian Inflation Surged to 7.7% In MayBy Scott WestlakeJune 23, 20220 comments#inflation #economy #marketupdate #interestrates Canada's consumer price index increased 7.7% in May from a year earlier, up from 6.8% in April, the fastest inflation pace since January 1983. The release confirms that ...Read more...
Housing Market Correction Gains Steam in MayBy Scott WestlakeJune 15, 20220 comments#interestrates #boc #canadianrates #rateincrease Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates has broadened. In April, ...Read more...
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...
Blockbuster September Jobs Report--Further Fuel For Rising Interest RatesBy Scott WestlakeOctober 8, 20210 comments#SW #TWT #DLC #marketupdate #jobs #interestrates For more information on how this information impacts your next mortgage, connect with our team scott@thewestlaketeam.com Statistics Canada released the September Labour ...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...
Bank of Canada Holds Rates and QE Steady--Asserting That Both the Upside in Inflation and the Downside in GDP is TemporaryBy Scott WestlakeJune 9, 20210 comments#BoC #mortgaegrates #SW #TWT #DLC For more information on how this information impacts your current or future mortgage needs, connect with our team through scott@thewestlaketeam.com or416-436-1135. ...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...
The Importance of Choice When It Comes To Mortgage LendingBy Scott WestlakeAugust 27, 20200 comments#mortgageadvise #90lenders #bestrates #bestmortgageterms #scottwestlake #twt #dlc How long would it take for you to shop 90 stores to find the perfect couch? Now ask that same question about your mortgage. Did you know? Top Mortgage Brokers (like us) have access to over 90 lenders! This can be a real advantage to ensuring you, the client, receives ...Read more...
Recent Transaction - $748,000 Residential MortgageBy Scott WestlakeJune 10, 20190 comments#oakvillemortgagebroker #gtamortgage #thewestlaketeam #residentialpurchase #bestrates #mortgageteam Nothing overly complicated about this mortgage. Perhaps the way it was referred to us was flattering, but we highlight this mortgage, because our team can easily be categorized as a non-traditional or niche lending mortgage solution provider. When in fact, the most common mortgage ...Read more...
INTEREST RATE SPECIALBy Scott WestlakeJune 4, 20190 comments#interestratedrop #mortgagenews #interestrates #thewestlaketeam #mortgagebroker Starting today June 4, 2019 our interest rates are reducing to some of our lowest pricing in years. 5 year fixed, 3 year fixed, variable for both high ratio and conventional mortgages (less than 20% down and more than 20% down). Reach out today for more details for you ...Read more...
Mortgage ApplicationBy Scott WestlakeJanuary 18, 20191 comments#mortgageapplication #mortgageadvise #mortgageoakville #mortgagetoronto #bestrates #thewestlaketeam #twt #scottwestlake #mortgagelendinggta One of the first steps in applying for a mortgage is completing an application. A good application allows us to capture the pertinent details to fully underwrite a mortgage, be it pre-approval, purchase, refinance or renewal. So many times, we see clients take very little time ...Read more...
Non Traditional Mortgage Financing Toronto, Oakville & GTABy Scott WestlakeDecember 11, 20181 comments#mortgages #gta #lenders #nontraditionallending #bank #creditunion #oakvillemortgage #bestmortgagerates #thewestlaketeam #scottwestlake #lending #trustcompany #lendingsolutions #mortgage Non Traditional Mortgage Financing GTA Non Traditional Lending Solutions are becoming necessary. Between government intervention & lender policy change, clients are turning to mortgage agents/brokers for solutions. Not all clients understand the recent mortgage changes ...Read more...