Leah Zlatkin Quoted in the Globe and Mail: “May brings a chance to reset in Ontario cottage market”

Leah Zlatkin, a mortgage broker, says many cottage buyers are less affected by the angst surrounding the economy because they are often using money that has been set aside rather than seeking financing.

“Typically the people buying cottages are quite secure,” she says.

Ms. Zlatkin notes that some buyers who do need a mortgage plan to rent out the cottage to help with carrying costs. That has become harder to do in the short-term rental market in many areas because municipalities are tightening regulations.

But for those who do have money, the market is tilted in favour of the buyer in many parts of Canada, she adds.