Leah Zlatkin Quoted in the Globe and Mail: “Toronto home sellers in a bind as inventory swells, prices fall”

Mortgage broker Leah Zlatkin says rates for a five-year fixed-term mortgage have fallen below 4 per cent in recent weeks.

Still, first-time buyers remain very cautious and tend to plan for every cost, Ms. Zlatkin says.
She adds that people who have the financial security to buy can often find a good deal by seeking out sellers under pressure and properties that have been sitting.

“The people who are selling are selling out of necessity,” Ms. Zlatkin says, adding that many homeowners who don’t feel pressure to sell are holding onto their properties until prices rebound.