Leah Zlatkin quoted by BNN Bloomberg: “Mortgage broker says more first-time buyers entered the market following the pandemic”

https://www.bnnbloomberg.ca/mortgage-broker-says-more-first-time-buyers-entered-the-market-following-the-pandemic-1.2050645

Leah Zlatkin, a licensed mortgage broker and expert with LowestRates.ca, said in a statement on Thursday that she believes that first-time buyers elected to wait for the COVID-19 pandemic to “normalize” before buying a home.

“First-time buyers are usually more nervous to purchase their first home so they waited. This is when we saw the buyer frenzy happen,” she said.

“As for those who purchased a larger home, families started expanding and needed to upgrade their space. They waited for the market to normalize, resulting in pent-up demand,” Zlatkin said.