Blog Article

Monday, 10 April 2023

By Leahs Mortgages

Leah Zlatkin interviewed by BNN Bloomberg: “What mortgage owners need to know about the Bank of Canada’s second rate pause”

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 next little bit, before things [interest rates] start coming down,” Leah Zlatkin, mortgage broker and COO at Mortgage Outlet.