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...
Monthly Mortgage Newsletter - November 2023By Scott WestlakeNovember 9, 20230 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter Welcome to the November ...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...
MORTGAGES, REAL ESTATE & LIFESTYLEBy Scott WestlakeFund MagazineNovember 3, 20230 commentsAmortgage is the most common and significant type of debt held by Canadians. Almost all homeowners will have a mortgage at some point in their life; and almost 9 of 10 Canadian homeowners aged 25-44 (88%) have mortgages. Between historically low interest rates, demand ...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...
Monthly Mortgage Newsletter - October 2023By Scott WestlakeOctober 11, 20230 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter ...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...
Converting Your Basement to an Income SuiteBy Scott WestlakeSeptember 20, 20230 comments#incomesuite #basementrental With the current interest rates and economic scenarios, many Canadians may be looking for ways to bring in some extra cash. One option for this is to put your home equity to work and consider renovating your basement into a legal income suite! You can do this by using a secured credit ...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...
Welcome to the September issue of my monthly MORTGAGE newsletter!By Scott WestlakeSeptember 5, 20230 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter ...Read more...
Rate Hikes Are Definitely Off The TableBy Scott WestlakeSeptember 1, 20230 comments#mortgagerates #interestrates #bondyield #economicupdate #variablerate The Canadian economy ...Read more...
Choosing Your Ideal Payment Frequency, What My High Net Worth Clients Do & Tech To Support YouBy Scott WestlakeAugust 30, 20230 comments#taxefficientebt #mortgagepaymentoptions #mortgaegcalculators Closing your ideal payment frequency Your payment schedule is the frequency that you make mortgage payments and ranges from monthly to bi-monthly, bi-weekly, accelerated bi-weekly or even weekly payments. Below is a quick overview of what each of these payment frequencies mean: Monthly ...Read more...