Blog Article

Friday, 22 March 2024

By Leahs Mortgages

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

Leah Zlatkin, a licensed mortgage broker and expert with, 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.