Leah Zlatkin featured in CMP Magazine: ‘Mortgage brokers anticipate fierce competition as housing market heats up’

“We’ve seen a notable surge in sales alongside a decline in new listings,” Leah Zlatkin, a licensed mortgage broker and COO of Mortgage Outlet, said in an interview with BNNBloomberg.ca. “This, combined with new mortgage rules coming into effect on December 15 and the Bank of Canada’s anticipated rate cuts next month, will further heat up competition.”

Zlatkin noted a significant increase in mortgage pre-approvals as many buyers are watching the market closely for the right moment to act.

“Homebuyers who were sitting on the sidelines are now actively engaging, weighing their options, and asking critical questions about whether fixed or variable rates best suit their needs in this evolving environment,” she said. “For those considering a home purchase, the window of opportunity is closing. Now is the ideal time to act before the market tilts decisively in favour of sellers.”