My Mortgage Toolbox #1 Mortgage App/CalculatorBy Scott WestlakeApril 12, 20220 comments#mortgageapp #mortgagecalculator #mortgage #onlineapp Did you know we provide our clients and referral sources with Canada's #1 Mortgage App & Calculator, available on both the Apple Store & Google Play for free! Our Mortgage App helps calculate the cost of owning a home, stress test your mortgage, pre-qualify for mortgage in ...Read more...
OTMH GOLF TOURNAMENT - MONDAY AUGUST 15By Scott WestlakeApril 8, 20220 comments#OTMH #OTMHgolftournament #golftournament #TWT #SW #charity Join us at The Pulpit at The Pulpit Club, Wednesday August 15, 2022 for an amazing golf experience and opportunity to give back to an amazing cause! The Oakville Hospital Foundation connects generosity to world-class community healthcare at Oakville Trafalgar Memorial Hospital. ...Read more...
Affordable Housing Is A Key Theme In Federal Budget 2022By Scott WestlakeApril 8, 20220 comments#budget #housing #drsherrycooper #drcooper #twt #SW #DLC Today's budget announced a $10 billion package of proposals intended to reduce the cost of housing in Canada (see box below). The fundamental problem is insufficient supply to ...Read more...
Working With Scott Westlake & The Westlake TeamBy Scott WestlakeApril 5, 20220 comments#agencyad Recent Article For The Agency Oakville Website: scottwestlake.com Cell: 416-436-1135 Email: Scott@TheWestlakeTeam.com 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...
How & Why Credit Matters To Mortgage LendersBy Scott WestlakeMarch 28, 20220 comments#credit The Credit Challenge. For most people, credit score isn’t something you spend much time thinking about. Especially if you are someone who is making good money and paying all your bills on time. When you are in that boat, it feels pretty good! But, when you miss a payment or ...Read more...
Inflation Pressures AcceleratingBy Scott WestlakeMarch 21, 20220 comments#inflation #drsherrycooper StatsCanada today reported that consumer prices rose 5.7% year-over-year in February, up again from the prior month's 5.1% rise. This was the largest gain since August 1991 (+6.0%). ...Read more...
New Real Estate Listings Finally Show Some LifeBy Scott WestlakeMarch 21, 20220 comments#realestatelistings #drsherrycooper Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales were up in February 2022 as buyers jumped on the first spring listings. The ...Read more...
Canada Reached Full-Employment in FebruaryBy Scott WestlakeMarch 15, 20220 comments#employment #jobs Statistics Canada released the February Labour Force Survey this morning, reporting a much more significant than expected 336,600 net new jobs, with the unemployment rate falling ...Read more...
Recently Funded $2.5M High Net Worth Mortgage + Investment Tax StrategyBy Scott WestlakeMy PortfolioMarch 10, 20220 commentsTWT Recently Funded $2.5M Mortgage Income Debt Serviced $1M in lending, based on personal returns Liquid 90 day rolling average of investment portfolio allowed us to top up mortgage to $2.5M Home Appraised $4M LTV 62.5% but could have been upwards of 72% ...Read more...
Investment PropertiesBy Scott WestlakeMarch 10, 20220 comments#investmentproperty #investmentproperties Investment Properties. So, you are looking to purchase a second property! Congratulations! This is a great opportunity for you to expand your financial portfolio and ensure stability for the future. However, before you launch into this purchase there are a few things you should know, ...Read more...
Curler Forrest, hockey player Westlake named Canada's flag-bearers for Paralympics opening ceremonyBy Scott WestlakeMarch 4, 20220 comments#paraolympics #gregwestlake #flagbearer #beijing2022 Just when the world could use some positive news, we get some. Thousands of remarkable athletes from around the globe have taken massive steps and made remarkable sacrifices for the chance to represent their country in the Paralympic Games. Travelling across the globe, ...Read more...
Bank of Canada Starts Hiking Rates, Signalling More To ComeBy Scott WestlakeMarch 2, 20220 comments#boc #ratechange #variable #rate The Governing Council of the Bank of Canada raised the overnight policy rate target by a quarter percentage point in a widely expected move and signalled that more hikes would be ...Read more...
Recently Funded - $2M Construction FacilityBy Scott WestlakeMarch 2, 20220 comments#portfolio #construction #constructionmortgage TWT Recently Funded a $2M credit facility. Up to 80% of the as-completed value of the home 65% of the land value released upon registration. Remaining funds draws based on the percentage complete. Interest only charged on the funds advanced to-date ...Read more...
5 Reasons to Invest in a Home Inspection.By Scott WestlakeMarch 1, 20220 comments#homeinspection While home inspections might not be the most exciting part of your home buying journey, they are extremely important and can save you money and a major headache in the long run. In a competitive housing market, there can sometimes be pressure to make an offer right away without conditions. ...Read more...
When the Future Becomes the Present.By Scott WestlakeMarch 1, 20220 comments#retirement Thinking about retirement before it happens is just common sense. But what questions should you be asking yourself? While seeking the advice of a professional like a retirement advisor can be helpful, there are a few questions to start thinking about as you begin to plan. Deciding ...Read more...