Archive for September, 2023

Archive for September, 2023

Leah Zlatkin interviewed by TVA: “Key rate: the Bank of Canada’s decision will continue to hurt”

Posted on September 29th, 2023 by Leahs Mortgages

https://www.tvanouvelles.ca/2023/09/07/taux-directeur-la-decision-de-la-banque-du-canada-continuera-de-faire-mal Maintaining rates could “be a big relief” for many owners of adjustable-rate mortgages, says Leah Zlatkin.  Zlatkin said individuals may have difficulty with renewals if they have a fixed-rate mortgage from about five years ago. People applying for renewal will have difficulty re-qualifying with a new lender or their existing lender because the rates […]

Leah Zlatkin interviewed by BNN Bloomberg: “What the Bank of Canada’s rate hold means for mortgage owners”

Posted on September 9th, 2023 by Leahs Mortgages

https://www.bnnbloomberg.ca/what-mortgage-owners-need-to-know-about-the-latest-bank-of-canada-rate-hold-1.1967981 Leah Zlatkin, a mortgage broker and expert with LowestRates.ca, said in a Wednesday interview with BNNBloomberg.ca that the rate hold may “come as a great relief” to many variable-rate mortgage owners. In the current environment, she said she recommends three-year fixed products to many clients, depending on their needs. Zlatkin said individuals may struggle […]

Leah Zlatkin quoted in the Toronto Sun: ‘Mixed reaction from mortgage brokers on Bank of Canada rate’

Posted on September 6th, 2023 by Leahs Mortgages

https://torontosun.com/news/national/mixed-reaction-from-mortgage-brokers-on-bank-of-canada-rate Mortgage broker and LowestRates.ca expert Leah Zlatkin thinks maintaining the rate does help “many variable mortgage holders who were worried and bracing for an increase.” “This is good news,” said Zlatin. “We still don’t know what’s going to happen at the next BOC update on Oct. 25. We’ve got two CPI (Consumer Price Index […]

Leah Zlatkin interviewed by the Financial Post: “Variable and fixed mortgage rates are rising”

Posted on September 2nd, 2023 by Leahs Mortgages

https://financialpost.com/real-estate/mortgages/variable-fixed-mortgage-rates-rising Leah Zlatkin, mortgage broker and lowest rates expert, talks with Financial Post’s Larysa Harapyn about how variable and fixed mortgage rates are rising. Zlatkin discusses what kind of mortgages people are looking for and more.

Leah Zlatkin quoted in Global News: ‘Mortgage stress looms over Canada’s big banks. What they — and consumers — can do’

Posted on September 1st, 2023 by Leahs Mortgages

https://globalnews.ca/news/9932361/mortgages-renewals-canada-banks-amortizations/ Mortgage broker and Lowestrates.ca expert Leah Zlatkin tells Global News that there’s a lot of “uncertainty” in the mortgage space right now as clients approach renewals and the Bank of Canada’s interest rate hike cycle remains active. Regardless of where the Bank of Canada’s rates are going, Zlatkin says the first step for any […]