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...
Housing Market Sales Dipped in July, Spooked By Rate HikesBy Scott WestlakeAugust 16, 20230 comments#listings #newlistings According to Shaun Cathcart, ...Read more...
July Headline Inflation Rose to 3.3%, But Core Inflation ImprovedBy Scott WestlakeAugust 16, 20230 comments#economy #mortgagerates #refinance #renewal #Purchase #boc The Consumer Price Index (CPI) rose 3.3% y/y in July, up from a 2.8% rise in June. The acceleration in headline inflation was widely expected due to a base-year effect on gasoline ...Read more...
What To Know About Subject Free OffersBy Scott WestlakeAugust 8, 20230 comments#subjectfreeoffer #noconditions #conditionsfreeoffer When it comes to purchasing a home, most offers include conditions or subjects, which are requirements or criteria to be met before the sale can be finalized and the property is transferred. Some of the most common subjects include: Financing approval Home inspection ...Read more...
The Long-Awaited Labour Market SlowdownBy Scott WestlakeAugust 5, 20230 comments#jobs #economy #mortgagerates #sherrycooper The Canadian economy shed 6,400 jobs in July, far weaker ...Read more...
FC Funding Surpasses $1B in Mortgage Funded Volume YTDBy Scott WestlakeAugust 2, 20230 comments#FCfunding #volumefunded #success #awards Dear Valued Clients and Referral Partners, We are thrilled to announce that our mortgage brokerage has achieved a remarkable feat - surpassing $1 billion in funded volume year-to-date! This extraordinary accomplishment is a testament to our unwavering commitment to excellence and ...Read more...
Monthly Mortgage Newsletter - August 2023By Scott WestlakeAugust 1, 20230 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter ...Read more...
Home Renovations – Reality vs. TelevisionBy Scott WestlakeJuly 31, 20230 comments#renovation #fixandflip #homerenovation Watching home renovation shows is inspiring, often providing us with ideas for our own spaces. However, there is a bit of a downside when it comes to these shows – they can be misleading when it comes to the renovation process. While we may want to recreate something from one ...Read more...
Recently Funded - Mortgage Renewal Success StoryBy Scott WestlakeMy PortfolioJuly 21, 20230 comments#recentlyfunded #mortgagerenewal #renewal #refinance #mortgagerefinance In the current financial landscape, with interest rates on the rise, many Canadians are facing the reality of increased borrowing costs. Amidst this changing environment, mortgage renewals have become a significant point of concern for homeowners. Previously overlooked, these renewals ...Read more...
Canadian Inflation Falls Within Bank of Canada's Target Range, but Food and Shelter Costs Remain HighBy Scott WestlakeJuly 19, 20230 comments#economicupdate #realestateprices #boC #housing #interestrates ...Read more...
Bank of Canada June Rate Hike Spooks the Housing MarketBy Scott WestlakeJuly 17, 20230 comments#Bankofcanada #interestrate #boc #variablemortgage #mortgagerates The Canadian Real Estate Association says the BoC's surprise ...Read more...
Interest Rates Will Stay Higher For LongerBy Scott WestlakeJuly 13, 20230 comments#boc #bankofcanada #interestrates #mortgagerates #variablerates #economy ...Read more...
What is Alternative Lending?.By Scott WestlakeJuly 12, 20230 comments#alternativelending #privatelending #businessforself #nichelending When traditional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative! If you’re seeking a mortgage, but your application doesn’t fit into the box ...Read more...