Thursday, 25 July 2024
By Mortgage Outlet
Leah Zlatkin quoted on WealthProfessional.ca – ‘Bank of Canada drops rates again; Can it spark a housing revival?’
Leah Zlatkin of Mortgage Outlet is skeptical about significant market movement, highlighting that rates are still high, and many buyers may wait for further cuts.
“We’ve seen a 50-basis point drop since June, but rates are still comparatively high and many potential buyers are waiting for further rate decreases to increase their buying power before they make a move,” she said.
