Leah Zlatkin quoted by BNN Bloomberg: “How will the Bank of Canada’s interest rate decision impact real estate?”

https://www.bnnbloomberg.ca/how-will-the-bank-of-canada-s-interest-rate-decision-impact-real-estate-1.2057495

“This rate hold may give more Canadian buyers the confidence to purchase a home now, believing that interest rates will either remain the same or decrease later in the year,” Leah Zlatkin, an expert with LowestRates.ca and licensed mortgage broker, said in a statement to BNNBloomberg.ca Wednesday.

She highlighted that housing inventory in the Greater Toronto Area remains low, as average sales prices rose 1.3 per cent in March. According to Zlatkin, the price rise is indicative of increased competition for homes in the region as buyers are prepared to accept mortgages with higher rates to get into the market.