https://torontosun.com/news/real-estate-activity-remains-muted-in-face-of-steep-rate-hikes “Right now were bracing for a hike,” said Leah Zlatkin, LowestRates.ca expert and licensed mortgage broker. “For those people who are impacted, it is a dramatic increase. But, hopefully, people have budgeted accordingly.” It is unclear exactly how many Canadians hold variable mortgage rates, which rise as the central bank hikes. But in February, […]

https://www.thestar.com/business/2022/09/06/bank-of-canada-to-hike-interest-rates-by-three-quarters-of-a-percentage-point-experts-predict.html While a smaller, 50-point rise isn’t out of the question because of evidence the Canadian economy shrank slightly in July, a 75-point rise has grown more likely because of hawkish sentiments from the U.S. Federal Reserve, argued Leah Zlatkin of lowestrates.ca, a website that provides quotes for insurance, mortgages, credit cards and loans. Simply […]

https://financialpost.com/real-estate/mortgage-demand-slows-refinancings-dry-up Leah Zlatkin, LowestRates.ca expert and licensed mortgage broker, said she is seeing a shake-up in the types of clients she sees. Clients seeking new mortgage originations have tended to be less conventional and require more flexibility. One example: the number of mortgage-seekers in the gig economy who are moving towards private financing. “I think […]

https://ca.finance.yahoo.com/news/vancouver-home-sales-tumble-calgarys-173852229.html While many in the real estate industry have blamed rising interest rates for the drop in demand, Leah Zlatkin, LowestRates.ca expert and licensed mortgage broker, said the pause in home buying has more to do with the risk of a recession and overall uncertainty. “You have to be cautious in assuming that a Bank […]