Blog Article

Saturday, 09 December 2023

By Leahs Mortgages

Leah Zlatkin quoted in Financial Post: ‘Rate cuts could spark housing market volatility’

Leah Zlatkin, mortgage broker and Lowest Rates expert, talks with Financial Post’s Larysa Harapyn about the impact a Bank of Canada rate cut could have on Canada’s real estate markets and the different strategies to handle the dynamics based on what stage you are at in your homebuying journey.
“There’s a lot of savvy investors who feel they understand the market and know the market and who are willing to bet on variable rates going down,” she said.

However, she cautioned that homebuyers should be secure in their job and finances as the economy is expected to fall into recession.  “If you’re worried about your job position … perhaps it’s not the right time for you to get into the market,” she said.

It’s also best to hold off if you believe that the Bank of Canada isn’t going to start cutting the overnight rate, she said.