Blog Article

Thursday, 05 December 2024

By Mortgage Outlet

Leah Zlatkin quoted in the BlogTo: ‘Toronto Home sales are finally catching up’

https://www.blogto.com/real-estate-toronto/2024/12/toronto-housing-market-heating-up-again/

“If the Bank of Canada continues its trend of lowering interest rates and the new mortgage rules prove effective, we could see a further increase in housing demand. This could drive prices even higher in 2025, making now an opportune time to buy before the market becomes even more competitive,” Licenced mortgaged broker and COO of Mortgage Outlet, Leah Zlatkin tells blogTO.

“But there is uncertainty about how lenders will interpret and apply the new mortgage rules…. updating systems and processes takes time, and some lenders may not fully implement them until January. The situation is fluid, and the impact of these changes remains to be seen.”