Federal Budget Targets Rich Canadians For New SpendingBy Scott WestlakeApril 17, 20240 comments#CanadianBudget #2023Budget #FiscalPolicy #Taxation #GovernmentSpending #HousingMarket #RealEstate #CapitalGains #TaxReform #EconomicPolicy #Inflation #GDP #RRSP #HomeBuyersPlan #RentalMarket #Immigra The budget focuses on helping Millennial and Gen Z voters ...Read more...
Ottawa to Allow 30-year Amortizations for First Time Buyers' Mortgages on New HomesBy Scott WestlakeApril 12, 20240 comments#FTHB #firsttimehomebuyer #mortgagenews #insuredmortgage #newbuild #marketupdate Advocates are applauding Ottawa's decision to extend the amortization period on insured mortgages for specific homebuyers, viewing it as a positive step toward making homeownership more attainable. Finance Minister Chrystia Freeland announced the extension to 30 years for insured ...Read more...
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 Data Bode Well For A Strong Spring Housing MarketBy Scott WestlakeMarch 18, 20240 comments#housingmarketupdate #economicoutlook ...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...
Monthly Mortgage Newsletter - March 2024By Scott WestlakeMarch 4, 20240 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter ...Read more...
Still No Recession In Canada Thanks to...By Scott WestlakeFebruary 29, 20240 comments#recession #inflation #economic #update Real gross domestic ...Read more...
Mortgage Amortizations - More Options Than You Think...By Scott WestlakeFebruary 26, 20240 comments#amortization #mortgageamortization #cashflow Understanding Amortization Periods Your mortgage amortization period is a critical factor in determining the timeline for paying off your mortgage. This period significantly influences the speed at which you become mortgage-free and the amount of interest you pay over ...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...
Monthly Mortgage Newsletter - Feb 2024!By Scott WestlakeFebruary 5, 20240 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter ...Read more...