Saturday, 16 November 2024
By Leahs Mortgages
Leah Zlatkin quoted in BNN Bloomberg: “Mortgage brokers expect more competition as buyers re-enter housing market”
“We’ve seen a notable surge in sales alongside a decline in new listings. This, combined with new mortgage rules coming into effect on Dec. 15 and the Bank of Canada’s anticipated rate cuts next month, will further heat up competition,” Leah Zlatkin, a licensed mortgage broker and COO of Mortgage Outlet, said in a statement to BNNBloomberg.ca Monday.
She added that the number of pre-approvals has significantly increased as many buyers are no longer waiting for lower interest rates.
“Homebuyers who were sitting on the sidelines are now actively engaging, weighing their options, and asking critical questions about whether fixed or variable rates best suit their needs in this evolving environment,” Zlatkin said.
