Blog Article

Friday, 29 September 2023

By Leahs Mortgages

Leah Zlatkin interviewed by TVA: “Key rate: the Bank of Canada’s decision will continue to hurt”

Maintaining rates could “be a big relief” for many owners of adjustable-rate mortgages, says Leah Zlatkin. 

Zlatkin said individuals may have difficulty with renewals if they have a fixed-rate mortgage from about five years ago. People applying for renewal will have difficulty re-qualifying with a new lender or their existing lender because the rates are “much higher” than when they initially qualified, she reiterated.