Wednesday, 11 December 2024
By Leahs Mortgages
Leah Zlatkin quoted in the Financial Post: ‘Will latest Bank of Canada rate cut boost the housing market? Analysts weigh in’
https://financialpost.com/real-estate/bank-of-canada-rate-cut-boost-housing-market
Leah Zlatkin, a mortgage broker and COO of Mortgage Outlet, described the current real estate market as dynamic but challenging.
“Homebuyers in the GTA (Greater Toronto Area) face a dilemma of strong sales and rising prices alongside economic uncertainty and affordability concerns,” she said. Zlatkin warned that today’s rate cut might intensify competition, potentially pricing out those waiting for a market cooldown.