Leah Zlatkin quoted in the NowToronto: ‘‘It’s not enough,’ Canadians react to Bank of Canada cutting key interest rate for second straight time’

https://nowtoronto.com/news/its-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.