Leah Zlatkin featured in CMP Magazine: ‘Reactions flood in as BoC announces latest rate call’

Licensed mortgage broker Leah Zlatkin said the pause left affordability “essentially unchanged” but gave borrowers clearer sightlines.

“Affordability stays essentially unchanged with today’s hold, and that stability is important for buyers who have been waiting for clearer signals,” Zlatkin said.

“Rates are expected to remain relatively steady in the near term, which gives buyers clearer direction after months of uncertainty.”

She pointed to a growing gap between borrower perceptions and how mortgage pricing actually works.

“Some buyers and homeowners are still waiting for the right moment, in part because there’s confusion about what Bank of Canada decisions actually influence,” Zlatkin said.

“Fixed mortgage rates are driven by the bond market, not the policy rate, and those have already moved higher. At this point, waiting for a meaningfully lower fixed rate is unlikely to deliver the savings many people are hoping for.”