Wednesday, 24 July 2024
By Leahs Mortgages
Leah Zlatkin quoted in the NowToronto: ‘‘It’s not enough,’ Canadians react to Bank of Canada cutting key interest rate for second straight time’
“Given that rates have been high for an extended period of time, any decrease is welcome news,” Licensed Mortgage Broker and COO of Mortgage Outlet, Leah Zlatkin said in a statement on Wednesday.
“But this cut is not likely to be the one that moves the housing market in a significant way. We’ve seen a 50-basis point drop since June, but rates are still comparatively high and many potential buyers are waiting for further rate decreases to increase their buying power before they make a move,” she continued.
