Blog Article

Thursday, 11 May 2023

By Leahs Mortgages

Leah Zlatkin quoted in CMP Magazine: ‘What impact has the BoC’s rate pause had on Canada’s housing market?’

The Bank of Canada’s decision to keep its policy rate frozen at 4.5% for the second consecutive meeting in April will likely play a significant role in client dynamics in the very near future, Leah Zlatkin told Canadian Mortgage Professional.

“For borrowers who have existing mortgages [and] who have renewals a little bit further out, the environment is the exact same it has been for the last little while,” Zlatkin said. “It is an environment of ‘stay put if you can,’ and if you’re struggling and you feel like you can’t make your payments, it’s time to talk to your mortgage broker or professional.”