https://www.cbc.ca/news/business/mortgage-debt-1.6071190 Leah Zlatkin, a housing market expert with Mortgage Outlet in Toronto, says growing mortgage debt makes perfect sense considering what’s happening in the housing market right now. Home prices continue to climb to an average of just over $688,000 last month — a figure that has increased by 38 per cent in the past […]

https://www.mpamag.com/ca/news/general/is-the-housing-market-slowing-down/287535 Speaking with Mortgage Broker News, Shawn Stillman (pictured), principal broker and co-founder at Mortgage Outlet, said that an eventual cooling off in the market was inevitable, with prospective homebuyers repeatedly frozen out in the hyperactive bidding process. “What I think is happening is that buyers have gotten frustrated with the market because they were […]

Leah Zlatkin, LowestRates.ca expert and Principal broker at Brite Mortgage speaks to Financial Post’s Larysa Harapyn about the mortgage stress test that came into effect June 1. 

Will the new mortgage rules tame Canada’s overheated housing market? Experts surveyed by the Star say they doubt it | The Star Asked if the stress tests and federal bank concerns would help slow home-price growth, mortgage industry expert Leah Zlatkin was much more dismissive. “My quick answer is absolutely not,” says Zlatkin, a consultant […]

https://www.mortgagebrokernews.ca/news/lowestrates-ca-stricter-qualification-requirements-could-provoke-more-fraud-356395.aspx With the Office of the Superintendent of Financial Institutions raising the qualifying rate for borrowers who have at least a 20% down payment from 4.79% to 5.25%, the new regulatory environment might become an excuse for some would-be borrowers to cheat a bit. Misrepresentations might prove especially appealing among those refinancing from new lenders, […]

https://www.canadianrealestatemagazine.ca/news/expect-rise-in-attempted-mortgage-fraud-broker-334647.aspx The confluence of exorbitant housing prices and the incoming mortgage stress test could encourage some Canadians to misrepresent their earnings on mortgage applications, warns a broker. “I do foresee instances of fraud for shelter becoming more prevalent because the market has heated up so much that housing is out of grasp for a lot […]

https://canadianmortgageawards.com/winners-finalists/2021#s For 15 years now, the annual Canadian Mortgage Awards (CMAs) has been recognized as the leading independent awards program in the mortgage industry. The awards showcase the leading brokers, brokerages, lenders, BDMs, underwriters and service providers for their outstanding achievements, best practices and leadership in the mortgage business over the past 12 months. We’re […]

Canadian homeowners haveincreased their additional mortgage payments during the pandemic, taking advantage of savings built up during the lockdowns to pay down their home loans. A total of $34-billion of additional or unscheduled mortgage payments were made last year, compared with $31-billion in 2019, according to a new report from Canada Mortgage and Housing Corp. […]

https://www.mpamag.com/ca/best-in-mortgage/top-75-brokers-2021/309438 In 2020, the mortgage industry was as stunned as any by the onset of the COVID-19 pandemic, which heralded arguably the greatest professional adjustment that brokers have ever faced: the shutdown of offices and temporary end of face-to-face meetings, as well as profound turmoil in a market where the job security of countless Canadians […]

Hastily saying yes to another term can be a costly mistake When you’re a busy homeowner, renewing your mortgage with your current lender can seem to make a lot of sense. It’s generally easy and uncomplicated, particularly if you have a good relationship with the institution that provided your financing. But renewing your loan with […]