2 - Twt - Blog - The Westlake Team

Welcome to the March issue of my monthly newsletter!

By Scott WestlakeMarch 1, 20220 comments

#monthlymortgagenewsletter #SW #DLC #TWT #2022

Welcome to the March issue of my monthly newsletter! Spring is just around the corner and we have all the ...Read more...

Inflation Ticked Up Again in January

By Scott WestlakeFebruary 17, 20220 comments

#economicupdate #sherrycooper #SW #TWT #DLC

StatsCanada today reported that consumer price inflation rose to 5.1% from year-ago levels in January, compared to 4.8% in December. This was higher than expected but still well ...Read more...

Wanted: Home Sellers

By Scott WestlakeFebruary 17, 20220 comments

#economicupdate #sherrycooper #SW #TWT #DLC

Housing affordability remains a huge political issue, and with the Department of Finance working on the upcoming budget, no doubt measures to reduce home prices will be front and ...Read more...

No Wonder The Bank of Canada Didn't Hike Interest Rates Last Month

By Scott WestlakeFebruary 7, 20220 comments

#economicupdate #sherrycooper #SW #TWT #DLC #rateupdate #boc

Statistics Canada released the January Labour Force Survey this morning, reporting a much more extensive than expected decline in jobs last month. The Omicron shutdowns and restrictions ...Read more...

2021 Masters Award

By Scott WestlakeFebruary 4, 20220 comments

#masterclubaward #award #masterclub #DLC #SW #TWT

Quick thank you to all those that supported me this past year. Very proud to join the Master Club which is an exclusive group of Mortgage Brokers that represent the top 2% in likely the largest brokerage in Canada - Dominion Lending Centres. What makes this award even more ...Read more...

Staying Out of the Penalty Box.

By Scott WestlakeFebruary 2, 20220 comments

#mortgaegpenalty #penalty #breakingmortgage #SW #TWT #DLC

When it comes to mortgages, it is easy to focus on the rates and your current situation, but the reality is that life happens and when it does, rates won’t be the only thing that matters. First and foremost, the most important thing to remember is that a mortgage is a contract. ...Read more...

Renting Vs. Buying: What You Need to Know!

By Scott WestlakeJanuary 31, 20220 comments

#rentvsown #preapproval #firsttimebuyers #SW #TWT #DLC

When it comes to the Canadian housing market, there are lots of options for where to live! From renting an apartment to owning a single-family home, it all comes down to where you see yourself living and what you can afford! The beauty is, there is no right or wrong answer when it ...Read more...

Bank Will Hike Rates At Next Meeting

By Scott WestlakeJanuary 26, 20220 comments

#economicupdate #sherrycooper #SW #TWT #DLC #rateupdate #boc

While markets were 70% certain the Bank would hike their overnight target rate today, we remained of the view that the Governing Council would hold off until March or April because ...Read more...

Recently Funded - $6M + Mortgage Luxury Real Estate

By Scott WestlakeMy PortfolioJanuary 26, 20220 comments

#luxuryrealestate #milliondollarmortgage #luxurymortgagespecialist #TWT #SW #DLC

TWT recently funded a $6M ++ residential mortgage for a client of ours purchasing a very luxurious home. Navigating financing for luxury real estate is one of our specialities and we are happy to see this come together smoothly. Locking in industry low mortgage ...Read more...

First-Time Home Buyer.

By Scott WestlakeJanuary 20, 20220 comments

#firsttimehomebuyer #buyingrealestate #homepurchase #SW #TWT #DLC

Being on the path to purchasing your first home is one of the most exciting and most rewarding moments in life! While people don’t always dream of the perfect mortgage, we do grow up thinking of a white picket fence and our dream home. Even if you imagined your dream home as ...Read more...

Mortgage Broker News - Housing Affordability Erodes Further With Record-Low Supply

By Scott WestlakeJanuary 17, 20220 comments

#economicupdate #boc #drsherrycooper #SW #TWT #DLC

To connect with Scott Westlake, scott@thewestlaketeam.com Housing affordability remains a huge political issue and with the Department of Finance working on the upcoming ...Read more...

Refinancing Your Home.

By Scott WestlakeJanuary 11, 20220 comments

#mortgagerefinance #refinance #twt #SW #DLC

One of the best parts about life is that it is ever-changing. This is one of the reasons that mortgages are available on short-term contracts (such as the standard 5-year) so that you can adjust your mortgage over time to best suit your needs. However, in some cases you cannot wait ...Read more...

Strong December Jobs Report in Canada. Another Strong Jobs Report In December

By 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...

Find Your Perfect Home Type.

By Scott WestlakeDecember 30, 20210 comments

#homebuying #buyingahome #SW #TWT #DLC

When it comes to finding your perfect home, there are so many more options for potential homeowners! From a single-family dwelling to a townhouse to a modular home, the choices are seemingly endless. But, before you start widening your search, let’s take a look at what makes ...Read more...

Brokers Who Care - Year In Review - 10 Recipients $80,650

By Scott WestlakeDecember 21, 20210 comments

#givingback #charity #localbusiness #SW #TWT #DLC

This past year we made a commitment to support more in need. A combination of charitable organizations and local businesses that our clients, referral sources and team has some form of relationship with. This journey led us to a monthly contribution to a lot of different ...Read more...