Interest rates have been on a rollercoaster ride over the past year and have skyrocketed beyond expectations. The Bank of Canada promised low rates for a long time, but this has not been the case. The increasing mortgage rates and payments are putting homeowners under immense financial pressure and are a cause for concern. At […]

In a down market, buyers have the advantage, but it is still important to be well prepared and informed. Here are 7 tips for buying a home for less in a down market: Do Your Homework: Research the area and price range to get an idea of what is considered excessive or low. Utilize your […]

Winter weather can be tough on your home, and proper maintenance is essential to protect it from damage and ensure a comfortable living environment. Here’s a list of internal and external tasks to keep in mind for winter home maintenance. Internal Tasks Keep interior doors open during deep cold spells (below 15 degrees for more […]

https://www.thestar.com/news/gta/2023/02/03/the-homeowner-horror-story-my-mortgage-is-up-for-renewal.html After eight rate hikes, mortgage angst is spreading among the one million Canadian households facing renewal, bringing higher bills and stress.

https://www.thestar.com/business/2023/02/02/what-the-latest-rate-hike-means-for-your-mortgage-payment.html The Bank of Canada’s latest rate hike continues to place homeowners under financial stress as variable rate mortgages keep climbing and fixed-rate mortgage holders face renewal.

https://financialpost.com/real-estate/mortgages/renewals-homeowners-precarious-position Leah Zlatkin, Mortgage Broker and COO at Mortgage Outlet, talks with Financial Post’s Larysa Harapyn about how mortgage renewals put homeowners in a ‘precarious position.’

https://www.mpamag.com/ca/mortgage-industry/industry-trends/whats-next-for-borrowers-if-the-bank-of-canada-continues-hiking-rates/434010 Leah Zlatkin, Mortgage Broker and COO at Mortgage Outlet, told Canadian Mortgage Professional in advance of the central bank announcement that the way forward for borrowers depends largely on their individual circumstances and whether variable-rate holders can absorb the impact of a high-rate environment or would prefer to switch to a more stable fixed […]

https://www.mpamag.com/ca/mortgage-industry/industry-trends/whats-next-for-borrowers-if-the-bank-of-canada-continues-hiking-rates/434010 Clients whose brokers have been watching that volatile market can capitalize when rates dip, Zlatkin said, and secure a short-term fixed rate if that’s their inclination. “If you’re sitting in that boat where you feel like it’s too much for you, let’s move you to a fixed-rate two- or three-year term,” Zlatkin reiterated. “There […]

https://www.mpamag.com/ca/mortgage-industry/industry-trends/bank-of-canada-makes-first-rate-hike-of-2023/434045 Leah Zlatkin, Mortgage Broker and COO at Mortgage Outlet, told Canadian Mortgage Professional in advance of the central bank announcement that the way forward for borrowers depends largely on their individual circumstances and whether variable-rate holders can absorb the impact of a high-rate environment or would prefer to switch to a more stable fixed […]

https://www.cp24.com/video?clipId=2616269&jwsource=cl “An interest rate hike like this one will typically bring about a lot of stress”, said Leah Zlatkin, Mortgage Broker and COO at Mortgage Outlet. “There’s going to be a situation where a lot of people may be experiencing shock when they renew their mortgage,” said Zlatkin. Zlatkin recommended that people who foresee themselves […]