https://www.cp24.com/video?clipId=2641077&binId=1.1127680&playlistPageNum=3 Leah Zlatkin, Mortgage Broker and COO at Mortgage Outlet dives into projections around the BoC holding rates steady.

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 […]

“For somebody looking at buying a home, you have a couple of considerations to make. The first consideration you want to make is what is the longeivity of your risk?” Says Leah Zlatkin Mortgage Broker and COO at Mortgage Outlet while talking about fixed vs variable mortgages. “For somebody looking to buy right now, I’m […]

Big 5 banks swiftly pass on Bank of Canada hike to borrowers Royal Bank of Canada didn’t waste much time following the Bank of Canada’s lead, announcing early Wednesday afternoon it will raise its prime rate half a percentage point to 3.2 per cent, effective Thursday. Soon after RBC’s announcement, TD Canada Trust, Bank of Montreal, […]

More Borrowers Will Face Jumbo Stress Test Following Higher Rate Hikes  “Many homebuyers are not aware of this nuance, and it would affect their affordability even if home prices were to slow down or down over the next year,” says Leah Zlatkin, mortgage broker and expert at LowestRates.ca.  She adds that this will effectively reduce […]

https://www.movesmartly.com/articles/this-risky-trend-in-pre-construction-purchases-is-raising-red-flags?hs_amp=true Shawn Stillman is a mortgage broker at mortgageoutlet.ca, and is familiar with this issue. “I know,” he wrote me, “that there are ‘brokers’ who will charge $500, ask for ID and a copy of the first page of (the) purchase agreement and get you photoshopped (mortgage) approval.”  He adds: “I was told by the […]

https://www.theglobeandmail.com/business/article-fixed-or-variable-how-to-decide-as-interest-rates-rise Fixed or variable? It’s a perennial question for mortgage seekers that’s expected to hit a fever pitch as the Bank of Canada begins what’s expected to be a steady stream of interest-rate increases in the coming months. On Wednesday, the central bank increased its key interest rate to 0.50 per cent from a record […]

https://www.mpamag.com/ca/tv/variable-rates-in-2022-whats-in-store/327013 With markets pricing in multiple Bank of Canada rate increases in 2022, could the popularity of variable rates take a hit? Leah Zlatkin, mortgage broker at Mortgage Outlet and LowestRates.ca expert, talks us through what could be in the cards this year.

https://financialpost.com/real-estate/mortgages/what-rate-hikes-mean-for-the-housing-market Leah Zlatkin, mortgage broker with Mortgage Outlet, talks with the Financial Post’s Larysa Harapyn about how rate hikes will impact your mortgage payment and the housing market as a whole.

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-this-is-what-a-rate-hike-will-cost-homeowners Someone with a HELOC balance of $142,000 at an interest rate of 2.7 per cent would see their monthly payments of principal and interest inch up from $650 to $668, a difference of $18 a month, or $216 a year, according to LowestRates. Still, several factors might soften the short-term financial blow of rising […]