Is Canada’s borrowing landscape set for dramatic change? Leah Zlatkin (pictured top), a licensed broker and LowestRates.ca expert, told Canadian Mortgage Professional that those rising costs will likely be compounded by inflation, which has recently ballooned to levels not seen in over 30 years in Canada. “For people who are looking to do a fixed-rate […]

https://www.thestar.com/business/2022/04/12/canadians-with-mortgages-brace-for-big-bank-of-canada-rate-hike.html Based on that 2.70 per cent prime rate and a discount of one per cent – lenders typically offer discounts ranging from 0.60 per cent to one per cent – a homeowner with a variable rate mortgage would have seen their monthly mortgage payment go from 1.45 per cent to 1.70 per cent, explains […]

‘This will remove buyers from the market’: Higher interest rates on Wednesday will help tame frothy housing prices, experts say Leah Zlatkin, a mortgage broker with lowestrates.ca, said the recent rate hikes represent a “turning point” for those prospective buyers. Mortgage rates are now high enough that many potential buyers will have to qualify at […]

https://financialpost.com/real-estate/mortgages/canadians-consider-splitting-a-mortgage-with-friends-but-its-complicated Before signing that mortgage agreement with a group of buddies, there’s a few things you should take into consideration. “There’s quite a bit of a legal back-end that you need to take care of…” Leah Zlatkin, LowestRates.ca expert and mortgage broker, told the Financial Post. “You’d probably want to have a contract with a […]

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. 

  https://www.mortgagebrokernews.ca/news/number-of-highvalue-mortgages-spikes-in-toronto-337501.aspx According to Shawn Stillman, principal broker at Mortgage Outlet, a potent driver of this development was the work-from-home revolution, which pushed down household costs significantly. The prevailing environment of record-low rates and the federal government’s financial assistance programs also significantly boosted the general public’s purchasing power. “People are still looking around and have […]

  https://www.mortgagebrokernews.ca/people/the-power-of-referrals-335791.aspx Christelle Mwamba is a wealth of knowledge. She’s spent the past decade working with financial advisors and high-net-worth clients looking to grow their real estate investment portfolios, finding creative solutions and relying on strong lender relationships to get deals done. “With self-employed clients, a lot of their money stays within their business, so […]

  https://torontostoreys.com/million-dollar-mortgages-toronto-lowestrates/ Shawn Stillman, principal broker at Mortgage Outlet, told LowestRates he’s now seeing larger mortgages in the GTA than he did before the pandemic. “Up until this year, mortgages of $1 million or more have been rare,” said Stillman. In the 10 years Stillman has been a mortgage broker, he told LowestRates he’s done […]

  https://www.mortgagebrokernews.ca/news/tips-for-rookies-from-some-of-canadas-top-brokers-332612.aspx “Top brokers are having record years,” said Mortgage Outlet’s Elan Weintraub. “I think newer people are not necessarily getting in on that.” Weintraub’s advice for mortgage newbies was simple: Work your asses off. “When I look at this panel, this panel of top producers, they’re literally all working eight, ten, twelve hours a […]

  https://www.realtor.ca/blog/postpage/14024/1361/everything-you-need-to-know-about-reverse-mortgages Now more than ever, Canada’s experienced homeowners are tapping into their home equity in exchange for cash, a process known as a reverse mortgage.  Over the years, this type of mortgage loan has grown in popularity among seniors. In fact, in January 2020, reverse mortgage debt reached a new record of $4.03 billion, […]