Leah Zlatkin quoted in the Now Toronto: ‘Bank of Canada cuts key interest rate amid trade war, here’s what this means for the housing market’

https://nowtoronto.com/news/bank-of-canada-cuts-key-interest-rate-amid-trade-war/
Licensed mortgage broker and COO of Mortgage Outlet, Leah Zlatkin says the rate cut may help in reducing prices, but it may not be enough for homebuyers to take a leap.

“The Bank of Canada’s rate cut is a positive step, but it’s not going to dramatically change the spring housing picture,” Zlatkin explained in an email statement.

“Trade tensions and worries about a recession are making buyers hesitate. While the rate cut helps a bit, it probably won’t be enough to get homebuyers feeling confident enough to jump into the market this spring.”