LowestRates.ca

Leah Zlatkin, a mortgage broker and expert with LowestRates.ca, said mortgage owners should pre-emptively reach out to their lender to understand their options at renewal.

“If they're offering you a rate, they're probably offering you a rate that's going to be the highest that you're going to find in the industry at renewal because they can, because they know that it's a lot more work and potentially people aren't going to qualify to go elsewhere.”

Featured on BNN Bloomberg

https://www.bnnbloomberg.ca/how-can-mortgage-owners-prepare-for-higher-rates-at-renewal-1.1973471

How can mortgage holders prepare for higher rates at renewal? - BNN Bloomberg Now well into the Bank of Canada’s interest rate hiking cycle, many mortgage owners have yet to feel the full effect of higher interest rates.

The strain on households could have a costly impact on the economy.

Toronto Star interviews LowestRates.ca

Rising mortgage rates have hit Canadians hard. Experts say they’re becoming a drain on the economy too ‘It has a direct impact on our GDP,’ says Rishi Sondhi, economist at TD Bank.

Tenant insurance premiums in Ontario rose nearly 9% year-over-year, according to a recent blog from rate aggregator LowestRates.ca.

Canadian Underwriter

https://www.canadianunderwriter.ca/insurance/are-your-tenant-insurance-clients-fully-covered-1004238563/

Are your tenant insurance clients fully covered? The replacement cost of an average two-bedroom apartment prompts the question of whether your tenant insurance clients are fully covered.

✨NEW✨ Here’s how much it costs to live alone in Toronto in 2023

Check it out:

Cost of Living in Toronto The cost of living in Toronto in 2023

LowestRates.ca did a study on how much it costs to live in and based on their calculations, costs for homeowners have skyrocketed 58% since last year.

Financial Post https://financialpost.com/news/toronto-homeowners-cost-of-living-soars

Posthaste: Ouch, Toronto homeowners' cost of living has soared almost 60% in just one year And Toronto isn't just expensive for homeowners. Cost of living for renters has soared 22%. Find out more

Before accepting your current mortgage lender's offer to renew your loan, shop around. You might be able to negotiate a better rate or conditions. Here's everything you need to know.

How to get a better rate when you renew your mortgage This article has been updated from a previous version.

Online searches for battery-powered electric vehicles (BEVs) saw a 295% increase.

LowestRates.ca report in Toronto Sun

https://torontosun.com/news/national/electric-vehicles-becoming-more-popular-in-canada

Electric vehicles becoming more popular in Canada Electric vehicles becoming more popular in Canada

"People who have variable rates are experiencing severe pain right now. Many people are hesitant to sign up for a variable rate because they feel that rates may continue increasing.”

interviews Leah Zlatkin,

What mortgage brokers are seeing following Bank of Canada’s final 2022 hike - BNN Bloomberg Following this months interest rate hike from the Bank of Canada, some mortgage brokers say variable rate products are still popular despite the risk of further increases.

The city of Brampton has the highest car insurance in Ontario, with the average premium 62.5% higher than the provincial average.

Read more:

REPORT: Ontario’s 15 most expensive cities for car insurance This article is updated annually. As a result, city rankings may change according to the most recent data available. Key findings

Mortgage defaults starting to hit the market.

Watch: LowestRates.ca Mortgage broker, Leah Zlatkin, talks about mortgage rates across Canada on Financial Post

https://www.youtube.com/watch?v=sfjEVUV8AEo

Mortgage defaults starting to hit the market: broker Leah Zlatkin, Mortgage Broker and expert at lowrstrates.ca, talks with Financial Post’s Larysa Harapyn about how mortgage defaults are starting to hit the ma...

Canadians are carrying historically high debt, and rising costs continue to impact the mortgages of homeowners.

LowestRates.ca mortgage broker and expert Leah Zlatkin talks to Global News about ways to better manage your money, including paying down your mortgage more quickly.

https://globalnews.ca/video/9308136/ask-an-expert-managing-your-mortgage/

Ask an Expert: Managing your mortgage | Watch News Videos Online Watch Ask an Expert: Managing your mortgage Video Online, on GlobalNews.ca

Given rising rent prices and rising costs of living, is the 30% income-to-housing rule still feasible for renters?

Read now:

Rising rent prices. High inflation. Is the 30% income-to-housing rule still realistic for renters? A widely used metric suggests Canadians should spend 30% of their gross monthly income on housing. But given rising rent prices and increased costs of living, this may not be tenable for renters.