https://www.bnnbloomberg.ca/what-mortgage-owners-need-to-know-about-the-bank-of-canada-s-rate-hike-1.1930184 The Bank of Canada’s surprise decision to raise interest rates will bring about higher mortgage costs, according to experts. Leah Zlatkin, a mortgage broker and expert with LowestRates.ca, said in an interview with BNNBloomgerg.ca Wednesday, the recent policy announcement will likely drive fixed rates higher due to the “effect on the Canada five-year government […]

https://www.mpamag.com/ca/mortgage-industry/industry-trends/why-the-role-of-mortgage-brokers-is-more-important-than-ever/449881 Borrowers who are struggling to qualify in the current environment are largely having to choose five-year fixed products despite those sometimes not being great options, Mortgage Outlet COO, Leah Zlatkin said.      

https://www.mpamag.com/ca/mortgage-industry/industry-trends/rates-rise-again-whats-changed-for-brokers/449261 Little has changed in terms of the best advice for clients despite that rate jump, Zlatkin said. “I’ve been telling people two- and three-year fixed [are the best options] for a while now. That’s still the line that I’m going to tell with many of my clients,” she explained. However, five-year Government of Canada […]

https://www.theglobeandmail.com/real-estate/toronto/article-latest-interest-rate-hike-jolts-toronto-real-estate-market/ The recent interest rate hike by the Bank of Canada, raising the benchmark rate to 4.75%, has caused surprise and concern among Toronto-area real estate market participants. One immediate effect, predicts Leah Zlatkin, a mortgage broker and expert with LowestRates.ca., is that many potential buyers with preapproved mortgage agreements will rush to use them within […]

https://www.mpamag.com/ca/mortgage-industry/industry-trends/canada-housing-market-whats-in-store-for-the-rest-of-2023/449576 Mortgage Outlet broker and chief operating officer Leah Zlatkin (pictured top) told Canadian Mortgage Professional that two weeks prior to the Bank’s latest decision, she would have forecast a “red-hot market” with prices continuing to rise and activity ramping up, but said the outlook is now more uncertain following the rate hike. “We saw people starting to […]

https://www.bnnbloomberg.ca/what-happens-if-you-only-pay-interest-on-your-home-1.1936107 Leah Zlatkin, a mortgage broker and expert with LowestRates.ca, said in an interview with BNNBloomberg.ca that the cost of variable rate mortgages has been going up in accordance with interest rate hikes from the Bank of Canada. There are two types of variable mortgage products, she said, one where your payment changes in line […]

https://www.narcity.com/5-things-you-should-do-before-applying-for-a-mortgage-according-to-an-expert Leah Zlatkin says that “young buyers [have to] make sure [they’ve] got consistent income coming in to qualify for a mortgage and many of them don’t understand that or feel confused as to why they can’t get a mortgage when they’ve got a great contract for six months where they’re making $150,000 and they […]

https://www.iheartradio.ca/am800/audio/28-of-homeowners-in-ontario-downsized-in-the-past-year-1.19722360?mode=Article Leah Zlatkin explains the trend in downsizing: “As these generations get older, we’re starting to see a lot of these baby boomers ageing out of the homes that they are in”. “People are looking to make a change” she says. “It may be due to financial stress or a lifestyle change that they don’t […]