Leah Zlatkin quoted in CMP Magazine: ‘Homebuyers urged to enter market as spring approaches’

According to Leah Zlatkin, a mortgage broker associated with LowestRates.ca, the upcoming spring market is going to be “very hot” due to accumulated demand.

The heightened demand comes as a backlog of buyers hold off on making purchase in anticipation of rate cuts that economists have projected to occur around June.

But Zlatkin noted in an interview with the Financial Post that many homebuyers are “ready and poised” to proceed with their purchases, explaining that the present moment may offer more advantageous conditions.

“For those people who are pre-approved, I highly recommend getting into the market now as opposed to waiting,” she said.

Zlatkin cited the scarcity of available properties in Ontario, which has led to a competitive market where bidding wars on homes priced at $1 million or higher are becoming increasingly common.