https://www.bnnbloomberg.ca/business/real-estate/2024/09/17/ottawas-mortgage-changes-likely-to-drive-an-uptick-in-sales-activity-expert/ Leah Zlatkin, licensed mortgage broker and COO of Mortgage Outlet, said in a statement to BNNBloomberg.ca that homebuyers are likely waiting on the sidelines in anticipation of further rate cuts from the Bank of Canada. “However, with the recent news of the government raising the CMHC (Canada Mortgage and Housing Corporation)insured mortgage cap to […]

https://www.thestar.com/business/personal-finance/roughly-half-of-mortgage-holders-have-yet-to-face-higher-rates-how-to-start-preparing/article_79267fb4-6ad5-11ef-a295-7f5abde11338.html Leah Zlatkin, licensed mortgage broker at Toronto-based Mortgage Outlet, says adapting to a jump in housing costs may take some mental reframing. Previously, many personal finance experts recommended spending no more than a third of your income on housing, she says. “That’s not realistic at this point in time.” Zlatkin also recommends prepaying a […]

https://www.mpamag.com/ca/mortgage-industry/market-updates/toronto-home-prices-slip-offering-hope-for-buyers/504529 For buyers currently on the fence, the recent dip in home prices, combined with the lower borrowing costs, could provide an opportunity to enter the market. Leah Zlatkin, licensed mortgage broker and COO at Mortgage Outlet, suggested that those considering a home purchase should weigh their options now, before demand picks up again. “Though […]

https://torontosun.com/life/homes/are-condos-still-a-good-investment The problem for condo investors is that, between maintenance fees and mortgage rates, carrying costs leave them in the red. This is especially true for unit-owners in buildings registered no later than November 15, 2018, which are rent-controlled. “These people are paying interest rates in excess of six, seven per cent, and the yearly […]

https://shorturl.at/ebzbc Canada’s housing market will be little-changed by Wednesday’s 25 basis point cut from the Bank of Canada, according to mortgage and real estate experts. “Housing sales have remained sluggish all year, and this rate decrease is unlikely to be enough to bring housing market activity back to normal levels,” said Leah Zlatkin, a licensed […]

https://www.mpamag.com/ca/mortgage-industry/industry-trends/fsra-names-new-stakeholder-advisory-committee-members/502687 The Financial Services Regulatory Authority of Ontario (FSRA) has announced the appointment of new members to its Stakeholder Advisory Committees (SAC), including the mortgage brokering SAC. The new members will serve a two-year term starting in September and ending in 2026. This includes Leah Zlatkin, COO of Mortgage Outlet.

https://www.thestar.com/real-estate/lenders-see-more-homeowners-pick-variable-rate-mortgages-after-bank-of-canada-rate-cuts/article_f6d4cbaa-5987-11ef-b163-2b3cf1f49130.html#tncms-source=login Leah Zlatkin, licensed mortgage broker and COO of Mortgage Outlet, said the recent volatility in global markets combined with a weak U.S. labour report in July have intensified speculation that the Bank of Canada could cut rates up to three more times this year, leading homeowners or prospective buyers to consider variable-rate mortgages. “We could be […]

https://www.bnnbloomberg.ca/business/real-estate/2024/08/13/mortgage-broker-predicts-higher-demand-for-variable-products-amid-rate-cut-expectations/ “I think in the next few weeks, we’re going to see a lot of people really starting to switch to variable, especially as the news comes out that we’re expecting two to three more (interest rate) decreases this year,” Leah Zlatkin, a licensed mortgage broker and COO of Mortgage Outlet, said in an interview […]

https://www.mpamag.com/ca/mortgage-industry/industry-trends/whats-next-for-fixed-vs-variable-mortgages/500830 Speaking with Canadian Mortgage Professional in the wake of the Bank’s latest interest rate cut, Leah Zlatkin, chief operations officer and broker at Mortgage Outlet, pointed out that there remains a notable gap between the cost of a five-year fixed and a five-year variable mortgage. “It’s still maybe not a time when people are shifting […]

https://www.thestar.com/real-estate/bank-of-canada-interest-rate-cut-to-have-little-effect-on-real-estate-market-experts/article_aa2184e6-492a-11ef-9626-f37be4001e75.html Mortgages rates, while lowering, are still high for many people, said Leah Zlatkin, mortgage broker and COO of Mortgage Outlet. Homeowners with a variable rate mortgage, which is tied to the Bank of Canada’s prime rate, will see an immediate impact on their mortgage payments. And for buyers interested in opting into a variable-rate […]