Leah Zlatkin quoted in the Now Toronto: ‘Bank of Canada drops overnight rate to 3%. What does it mean for homebuyers?’

According to Leah Zlatkin, a licensed mortgage broker and COO of Mortgage Outlet, the shift in borrowing costs offers a unique window of opportunity for prospective homebuyers, particularly those looking in big markets like Toronto and Vancouver.

“Many potential buyers are hitting the pause button, hoping for more favourable conditions later on,” she noted in a press release.

“While it’s not a full-blown buyer’s market across the board, and desirable properties in prime locations still attract competition, buyers undoubtedly have more leverage now than they’ve had in years.”