‘First-time buyers might finally get their shot,’ GTA home sales heat up following interest rate cuts  Licensed mortgage broker, Leah Zlatkin says an emerging buyer-friendly market may lead to a more competitive landscape in 2025, but that pre-approved mortgages may give buyers a slight edge over their competition. “Homebuyers who have found a property that […]

https://financialpost.com/real-estate/toronto-home-sales-surge-rate-cuts-draw-buyers According to Leah Zlatkin, licensed mortgage broker and COO of Mortgage Outlet, the current balance of available properties favours first-time homebuyers, offering them greater negotiating power. “As more buyers enter the market, the dynamics will gradually transition from a buyer’s market to a seller’s market. For those waiting on the sidelines, this year presents […]

https://financialpost.com/real-estate/housing-market-busy-november-rate-cut Zlatkin, a broker with Mortgage Outlet Inc. says those who are prequalified are looking to get out ahead of the housing wave. “It is a great time for home owners and those new to the market as this is the 4th cut we have seen this year in terms of decreases” says Zlatkin. “What […]

https://bc.ctvnews.ca/major-interest-rate-cut-expected-to-shift-metro-vancouver-real-estate-market-1.7084469 “This is great news for anybody who’s got a variable rate mortgage right now,” said Leah Zlatkin, licensed mortgage broker and COO of Mortgage Outlet. “What this means is that for every $100,000 in mortgage money that you’ve currently borrowed, you’re actually looking at a (monthly) decrease of $29.96, so for a lot of […]

https://www.bnnbloomberg.ca/business/real-estate/2024/10/23/what-does-the-bank-of-canadas-rate-cut-mean-for-real-estate/ Leah Zlatkin, licensed mortgage broker and COO of Mortgage Outlet, said in a statement to BNNBloomberg.ca Wednesday that the recent rate cut could bring buyers off the sidelines. “The combination of a 50-basis point rate reduction and the impending mortgage rule changes in December creates an opportune moment for buyers to make their move. […]

https://www.thestar.com/real-estate/too-much-too-fast-bank-of-canada-risks-a-home-price-runup-with-key-rate/article_697799f2-908e-11ef-8fbd-0f9f179c2933.html Leah Zlatkin, licensed mortgage broker and COO of Mortgage Outlet, believes the rate cut could be the catalyst that motivates homebuyers to enter the real estate market, especially in Toronto, where affordability remains a significant barrier. “The combination of a 50-basis-point rate reduction and the impending mortgage rule changes in December creates an opportune […]

https://ca.finance.yahoo.com/news/why-the-jumbo-boc-rate-cut-wont-change-the-landscape-for-those-trying-to-qualify-for-a-mortgage-142005405.html Prospective first-time buyers are currently better off with fixed-rate mortgages, which are less sensitive to the BoC’s moves, says Leah Zlatkin, a licensed mortgage broker speaking on behalf of Mortgage Outlet. The real-estate landscape currently “favours” first-time buyers, Zlatkin notes, with inventory growing but sales still sluggish.

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 […]