https://www.thestar.com/business/personal-finance/roughly-half-of-mortgage-holders-have-yet-to-face-higher-rates-how-to-start-preparing/article_79267fb4-6ad5-11ef-a295-7f5abde11338.html Leah Zlatkin, licensed mortgage broker at Toronto-based Mortgage Outlet, says adapting to a jump in housing costs may take some mental reframing. Previously, many personal finance experts recommended spending no more than a third of your income on housing, she says. “That’s not realistic at this point in time.” Zlatkin also recommends prepaying a […]

https://www.mpamag.com/ca/mortgage-industry/market-updates/toronto-home-prices-slip-offering-hope-for-buyers/504529 For buyers currently on the fence, the recent dip in home prices, combined with the lower borrowing costs, could provide an opportunity to enter the market. Leah Zlatkin, licensed mortgage broker and COO at Mortgage Outlet, suggested that those considering a home purchase should weigh their options now, before demand picks up again. “Though […]

https://torontosun.com/life/homes/are-condos-still-a-good-investment The problem for condo investors is that, between maintenance fees and mortgage rates, carrying costs leave them in the red. This is especially true for unit-owners in buildings registered no later than November 15, 2018, which are rent-controlled. “These people are paying interest rates in excess of six, seven per cent, and the yearly […]

https://shorturl.at/ebzbc Canada’s housing market will be little-changed by Wednesday’s 25 basis point cut from the Bank of Canada, according to mortgage and real estate experts. “Housing sales have remained sluggish all year, and this rate decrease is unlikely to be enough to bring housing market activity back to normal levels,” said Leah Zlatkin, a licensed […]