Leah Zlatkin quoted in Global News: ‘Inflation, High Rates Putting Big Purchases on Hold? How to Budget for Must-Buys’

Inflation, high rates putting big purchases on hold? How to budget for must-buys

Despite rising interest rates pushing monthly mortgage payments higher, the resulting cooldown in the housing market might actually make it a good time for some buyers to get into a home, according to Leah Zlatkin, a mortgage broker and expert with LowestRates.ca.

She tells Global News that you could get a “good deal” on a home if you’re shopping now, but that only applies if you check off a few important boxes.

Firstly, she says long-time renters who don’t have an existing home to sell could be in a good position as they don’t have to worry about selling their own home and losing value on the sale.