Tuesday, 17 September 2024
By Mortgage Outlet
Leah Zlatkin quoted by BNN Bloomberg: “Ottawa’s mortgage changes likely to drive an ‘uptick in sales activity’: expert”
Leah Zlatkin, licensed mortgage broker and COO of Mortgage Outlet, said in a statement to BNNBloomberg.ca that homebuyers are likely waiting on the sidelines in anticipation of further rate cuts from the Bank of Canada.
“However, with the recent news of the government raising the CMHC (Canada Mortgage and Housing Corporation)insured mortgage cap to $1.5 million and expanding access to 30-year amortizations to all first-time buyers, I expect that demand will pick up,” Zlatkin said.
