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 […]

https://torontosun.com/news/provincial/more-than-one-quarter-of-ontario-homeowners-downsized-in-past-year-report “There may be some people who have been impacted by job changes, fear of mortgage costs, things like that,” said LowestRates.ca mortgage broker Leah Zlatkin in a statement. “But I think that is a very small percentage of the population. As the population ages, there are a lot of people who don’t want to […]

https://www.iheartradio.ca/newstalk-1010/audio/podcasts/who-are-canada-s-real-estate-investors-and-where-are-they-buying-1.19706671 Leah Zlatkin says that “A lot has changed” since 2020. “I don’t know if we can really base this on the profile of existing investors.” She also explained that 2020 trends reflecting out-out-province investors in the East Coast remain relevant to the current housing market. “For many Ontario investors who want to get into […]

https://www.ctvnews.ca/mobile/canada/who-are-canada-s-real-estate-investors-and-where-are-they-buying-1.6411443 Leah Zlatkin says that “A lot has changed” since 2020. “I don’t know if we can really base this on the profile of existing investors.” She also explained that 2020 trends reflecting out-out-province investors in the East Coast remain relevant to the current housing market. “For many Ontario investors who want to get into […]

https://www.mpamag.com/ca/mortgage-industry/industry-trends/what-impact-has-the-bocs-rate-pause-had-on-canadas-housing-market/445589 The Bank of Canada’s decision to keep its policy rate frozen at 4.5% for the second consecutive meeting in April will likely play a significant role in client dynamics in the very near future, Leah Zlatkin told Canadian Mortgage Professional. “For borrowers who have existing mortgages [and] who have renewals a little bit further […]

https://www.thestar.com/business/personal_finance/2023/04/10/the-first-home-savings-account-is-here-is-that-house-finally-within-reach.htmlhttps://torontosun.com/news/real-estate-activity-remains-muted-in-face-of-steep-rate-hikes The new federal plan has some hiccups — it’s still not available at the Big Six banks — but once it’s up and running, it will allow potential buyers to save for their first home tax-free.

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-builder-incentives-mortgage/ “Rebates of this nature can impact how much you can borrow,” says Shawn Stillman, a mortgage broker and co-founder of Toronto-based Mortgage Outlet. To protect yourself, Mr. Stillman suggests a simple move. “Make sure you have an ironclad mortgage preapproval before the cooling-off period is over on your purchase contract.” and “Make sure the […]

https://www.bnnbloomberg.ca/what-mortgage-owners-need-to-know-about-the-bank-of-canada-s-second-rate-pause-1.1906905 Canada’s central bank elected to hold the overnight rate at 4.5 per cent Wednesday, reaffirming economists’ expectations. Last month, the Bank of Canada became the first major central bank to pause interest rate hikes. “For many mortgage holders, what this actually means is that there’s likely to be a period of stability in the […]