https://www.bnnbloomberg.ca/what-mortgage-brokers-are-seeing-with-renewals-amid-rate-hikes-1.1840808 Leah Zlatkin, a mortgage broker working in Toronto and expert with LowestRates.ca, said some clients are having a harder time shopping around. “What I’m typically seeing from clients who are up for renewal is that they’re having a harder time qualifying in some cases if they’re trying to switch to a different lender,” she […]

https://www.mpamag.com/ca/mortgage-industry/industry-trends/first-time-buyers-feeling-the-squeeze-in-rising-rate-environment/425271 As home prices spiked across Canada’s hottest housing markets over the past two years, a growing cohort of new homebuyers turned to parents or guardians to help fund their purchases – but that’s a strategy that could be an increasingly risky one in the current climate, according to an industry expert. Leah Zlatkin (pictured), […]

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-low-mortgage-rate-move-refinance/ “People are paralyzed from fear of falling home prices and that’s keeping many from moving at all,” says Shawn Stillman, a mortgage broker and co-founder of Mortgage Outlet. “Of the people who still want to port their mortgage, most don’t even know these problems exist until they apply and find out they don’t qualify.” […]

https://storeys.com/how-climate-change-effects-property-insurance-mortgages-home-buyers/ Aside from the property insurance delay, mortgages can also be affected by worsening climate change because mortgage lenders will often require a property appraisal before you’re approved, and may require additional appraisals in the event of extreme weather events. “Lenders want to confirm that the property is still worth what they project it to […]

“For somebody looking at buying a home, you have a couple of considerations to make. The first consideration you want to make is what is the longeivity of your risk?” Says Leah Zlatkin Mortgage Broker and COO at Mortgage Outlet while talking about fixed vs variable mortgages. “For somebody looking to buy right now, I’m […]

https://atlantic.ctvnews.ca/maritimers-react-to-latest-rise-in-key-interest-rate-1.6059283 Leah Zlatkin, a mortgage broker based in Toronto, says people who already have a mortgage will see an increase in their monthly payment or in the amount of time left in their term. Zlatikin has some advice for first-time home buyers. “There are some lenders that are still going to allow you to use […]

https://torontosun.com/news/real-estate-activity-remains-muted-in-face-of-steep-rate-hikes “Right now were bracing for a hike,” said Leah Zlatkin, LowestRates.ca expert and licensed mortgage broker. “For those people who are impacted, it is a dramatic increase. But, hopefully, people have budgeted accordingly.” It is unclear exactly how many Canadians hold variable mortgage rates, which rise as the central bank hikes. But in February, […]

https://www.thestar.com/business/2022/09/06/bank-of-canada-to-hike-interest-rates-by-three-quarters-of-a-percentage-point-experts-predict.html While a smaller, 50-point rise isn’t out of the question because of evidence the Canadian economy shrank slightly in July, a 75-point rise has grown more likely because of hawkish sentiments from the U.S. Federal Reserve, argued Leah Zlatkin of lowestrates.ca, a website that provides quotes for insurance, mortgages, credit cards and loans. Simply […]

https://financialpost.com/real-estate/mortgage-demand-slows-refinancings-dry-up Leah Zlatkin, LowestRates.ca expert and licensed mortgage broker, said she is seeing a shake-up in the types of clients she sees. Clients seeking new mortgage originations have tended to be less conventional and require more flexibility. One example: the number of mortgage-seekers in the gig economy who are moving towards private financing. “I think […]

https://ca.finance.yahoo.com/news/vancouver-home-sales-tumble-calgarys-173852229.html While many in the real estate industry have blamed rising interest rates for the drop in demand, Leah Zlatkin, LowestRates.ca expert and licensed mortgage broker, said the pause in home buying has more to do with the risk of a recession and overall uncertainty. “You have to be cautious in assuming that a Bank […]