Leah Zlatkin quoted in the Yahoo Finance: ‘Bank of Canada delivers third straight interest rate cut, bringing policy rate down to 4.25 per cent’

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Canada’s housing market will be little-changed by Wednesday’s 25 basis point cut from the Bank of Canada, according to mortgage and real estate experts.

“Housing sales have remained sluggish all year, and this rate decrease is unlikely to be enough to bring housing market activity back to normal levels,” said Leah Zlatkin, a licensed mortgage broker and expert commentator for LowestRates.ca. “The overnight rate only immediately impacts adjustable variable rate mortgages. The vast majority of mortgages that Canadians hold are fixed-rate mortgages, which follow the bond market.”