Federal Fiscal Update: Canada Has Weathered The Pandemic Storm Relatively WellBy Scott WestlakeDecember 15, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC Finance Minister Chrystia Freeland extolled the performance of the Canadian economy in response to the extraordinary support provided by the federal fiscal authorities and the Bank ...Read more...
Team Blue Spirit Awards 2021By Scott WestlakeDecember 9, 20210 comments#teamblue #spiritaward #SW #TWT #DLC What a show!! Congratulations to all the winners at the 2021 Team Blue Spirit Awards where we celebrated all things DLC and showed our support for the best in our network! A special shout out to our very own Mortgage Team, The Westlake Team, Dominion Lending Centres taking ...Read more...
Bank of Canada Leaves Expectations For 2022 Rate Hikes IntactBy Scott WestlakeDecember 9, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC The Bank of Canada decided to keep its target for the overnight rate at 0.25%, in line with forecasts and to maintain its forward guidance, which sees a rise in the overnight rate ...Read more...
Another Blockbuster Jobs Report in NovemberBy Scott WestlakeDecember 4, 20210 comments#economicupdate #drsherrycooper #mortgagerates #August2021 #SW #TWT #DLC #scottwestlake Statistics Canada released the November Labour Force Survey this morning, reporting employment gains of 153,700 last month--four times bigger than expectations. The unemployment ...Read more...
Let’s Get House Hunting.By Scott WestlakeDecember 2, 20210 comments#househunting #firsttimebuyer #DLC #TWT #SW Have you ever checked out an open house in the neighbourhood, which you had no intention of buying? Or checking out listings online for your dream home? Of course you have! We’ve all looked at houses for fun, even just to examine the possibilities! In reality though, it can ...Read more...
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...
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...