https://canadianmortgageawards.com/winners-excellence-awardees/2022   The MCAN Award for Broker of the Year (Regional – ON) – Shawn Stillman Young Achiever of the Year – Michelle Farrugia The Avison Young Award for Broker of the Year – Commercial The Canadian Mortgages Inc. Award for Broker of the Year – Private Lending The Community Trust Award for Alternative Broker […]

Can I afford that mortgage? Here’s how much you can safely borrow to buy your first house To give you an idea of how much you can borrow, we asked Leah Zlatkin, a mortgage broker at LowestRates.ca, to calculate a typical mortgage amount for a first time buyer making $100,000 a year. If you got […]

Is Canada’s borrowing landscape set for dramatic change? Leah Zlatkin (pictured top), a licensed broker and LowestRates.ca expert, told Canadian Mortgage Professional that those rising costs will likely be compounded by inflation, which has recently ballooned to levels not seen in over 30 years in Canada. “For people who are looking to do a fixed-rate […]

Big 5 banks swiftly pass on Bank of Canada hike to borrowers Royal Bank of Canada didn’t waste much time following the Bank of Canada’s lead, announcing early Wednesday afternoon it will raise its prime rate half a percentage point to 3.2 per cent, effective Thursday. Soon after RBC’s announcement, TD Canada Trust, Bank of Montreal, […]

https://www.thestar.com/business/2022/04/12/canadians-with-mortgages-brace-for-big-bank-of-canada-rate-hike.html Based on that 2.70 per cent prime rate and a discount of one per cent – lenders typically offer discounts ranging from 0.60 per cent to one per cent – a homeowner with a variable rate mortgage would have seen their monthly mortgage payment go from 1.45 per cent to 1.70 per cent, explains […]

‘This will remove buyers from the market’: Higher interest rates on Wednesday will help tame frothy housing prices, experts say Leah Zlatkin, a mortgage broker with lowestrates.ca, said the recent rate hikes represent a “turning point” for those prospective buyers. Mortgage rates are now high enough that many potential buyers will have to qualify at […]

More Borrowers Will Face Jumbo Stress Test Following Higher Rate Hikes  “Many homebuyers are not aware of this nuance, and it would affect their affordability even if home prices were to slow down or down over the next year,” says Leah Zlatkin, mortgage broker and expert at LowestRates.ca.  She adds that this will effectively reduce […]