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 […]

https://www.bnnbloomberg.ca/investing/2024/07/24/how-will-the-bank-of-canada-rate-cut-impact-the-real-estate-market/ Leah Zlatkin, a licensed mortgage broker and Mortgage Outlet COO said in a statement that the latest move by the Bank of Canada is “not likely” to “move the housing market in a significant way.” “We’ve seen a 50-basis point drop since June, but rates are still comparatively high and many potential buyers are […]

https://calgary.ctvnews.ca/buyer-s-market-what-the-interest-rate-cut-could-mean-for-calgary-homeowners-1.6976684 “What this means for people is that if you’re looking to go buy a home, it’s a buyer’s market right now,” Leah Zlatkin, COO of Mortgage Outlet and licensed mortgage broker, told CTV Calgary. “So if you’re going to qualify it a little bit less, or if you’re looking to qualify on a fixed […]

https://nowtoronto.com/news/its-not-enough-canadians-react-to-bank-of-canada-cutting-key-interest-rate-for-second-straight-time/ “Given that rates have been high for an extended period of time, any decrease is welcome news,” Licensed Mortgage Broker and COO of Mortgage Outlet, Leah Zlatkin said in a statement on Wednesday. “But this cut is not likely to be the one that moves the housing market in a significant way. We’ve seen […]