Canadian Economy Bounced Back Sharply In Q3By Scott WestlakeDecember 1, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC In line with the Bank of Canada's forecast, the economy rebounded sharply in the third quarter following the weak performance in Q2. Stats Canada announced this morning that GDP ...Read more...
Getting Familiar with our Commercial Mortgage SolutionsBy Scott WestlakeNovember 29, 20210 comments#commercialmortgage #dlccommercial #twtcommercial #SW #TWT #DLC At The Westlake Team, Dominion Lending Centres, we have access to a wide range of commercial financing options. From apartment buildings, shopping centres, office buildings and industrial properties, we have you or your clients covered! Our main product line is: CMHC ...Read more...
Timing is everything...By Scott WestlakeNovember 26, 20210 comments#gregwestlake #hockeycanada #inspiration ."Jessica Kerr was more than a little overwhelmed when prosthetist Amy Richardson walked into the patient room at Holland Bloorview Kids Rehabilitiation Hospital. Her 13-month-old son, Maddux, had just tried on his new legs for the first time and Jessica was still coming to terms ...Read more...
Recently Funded - Multiple Mortgages For Pre-Sale Condo DevelopmentBy Scott WestlakeMy PortfolioNovember 23, 20210 comments#portfolio #recentlyfunded #SW #TWT #DLC Pre-sale properties are brought to the market by the developer before the properties are built. Clients can put deposits down to contractually buy the rights to the property. During the "cooling off" stage our clients come to us for support in qualifying them for the ...Read more...
Inflation Surge Is No Need For HysteriaBy Scott WestlakeNovember 18, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC StatsCanada today reported that consumer price inflation rose to 4.7% from year-ago levels in October, compared to 4.4% in September. This is in line with market expectations and ...Read more...
Scott Westlake Enters DLC Hall of FameBy Scott WestlakeAwardsNovember 15, 20210 comments#sales #halloffame #2M #550 #mortgagebroker #TWT #DLC We are super proud to announce that our Founder & Team Lead, Scott Westlake recently became a member of the Dominion Lending Centres Hall of Fame. This award is presented to Mortgage Brokers & Agents that fund a minimum of 550 mortgages and bring in a minimum ...Read more...
Home Sales Surge in OctoberBy Scott WestlakeNovember 15, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC oday the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose a whopping 8.6% in October, its most robust month-over-month ...Read more...
Your quick guide to your best short-term financing options.By Scott WestlakeNovember 11, 20210 comments#shorttermfinancing #bridgeloan #privatemortgage #reversemortgage #TWT #DLC #SW Short-term financing – credit or loans that are designed to be paid off in a short period of time – can be a useful financial tool in a variety of different situations, such as: Bridge financing If you’re planning on moving and have found a new home before ...Read more...
Renewing Your MortgageBy Scott WestlakeNovember 10, 20210 comments#renewingyourmortgage #mortgagerenewal #mortgagebroker #DLC #TWT #SW Did you know? Close to 70 percent of mortgages never make it to the end of their term! This means that, for a variety of reasons, homeowners are ending their mortgages early. However, that still leaves a solid 30 percent of home buyers who keep their mortgage until the term is up ...Read more...
The Art of Leveraging Through Real EstateBy Scott WestlakeNovember 3, 20210 comments#leveraging #rentals #mortgageadvise #SW #TWT #DLC For some people, just owning one property and having a single mortgage is enough to handle. But there may be no better way to grow your net worth than real estate. You might not realize homeownership can be a gateway to owning multiple investment properties. You might be thinking: ...Read more...
What is Title Insurance and Other Questions Answered!.By Scott WestlakeNovember 2, 20210 comments#titleinsurance #homeownerinsurance #twt #SW #DLC Title insurance can easily seem like another unnecessary add-on to the already complicated and costly process of buying a house, but nothing could be further from the truth. It can help speed up the process of closing on your new home, while protecting you and your heirs against a ...Read more...
Bank of Canada RespondsTo Mounting Inflation: Ends QE and Hastens Timing of Rate HikeBy Scott WestlakeOctober 27, 20210 comments#economicupdate #boc #drsherrycooper #SW #TWT #DLC The Bank of Canada surprised markets today with a more hawkish stance on inflation and the economy. The Bank released its widely anticipated October Monetary Policy Report (MPR) ...Read more...
What’s Next for your Home After a Separation?.By Scott WestlakeOctober 27, 20210 comments#seperation #divorce #spousalbuyout #SW #TWT #DLC #refinance Growing up, most people dream about living a fairytale with a wonderful partner and a life of bliss. Unfortunately, real life is not always a fairytale and not every relationship lasts forever. In fact, latest statistics show that 38 percent of all marriages in Canada end in divorce. ...Read more...
Alternative MortgagesBy Scott WestlakeOctober 25, 20210 comments#credit #alternativemortage #alternativelending #privatelending #DLC #SW #TWT If you love the content we provide, you can subscribe to our mailing list: https://lp.constantcontactpages.com/%20su/lkc6q9O There’s Always an Alternative. When it comes down to getting approved for a mortgage, there are a lot of factors and not everyone will ...Read more...
Prices are Rising Everywhere--Transitory Can Last A Long TimeBy Scott WestlakeOctober 21, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC Today's release of the September Consumer Price Index (CPI) for Canada showed year-over-year (y/y) inflation rising from 4.1% in August to 4.4%, its highest level since ...Read more...
Recently Funded - Construction Capital Available!By Scott WestlakeMy PortfolioOctober 18, 20210 comments#constructionmortgage #constructionfinancing #selfbuild #specbuild #twt #scottwestlake Recently funded acquisition financing to purchase property our clients are going to build on. In addition, construction financing is approved. Property is being torn down. It is an existing bungalow for new two story home - principal residence. Construction ...Read more...