Amid the current economic uncertainty, that doesn\u2019t appear to be the case, according to Royal LePage president and chief executive officer Phil Soper (pictured top). He told Canadian Mortgage Professional that would-be buyers still appear to prefer sitting on the sidelines because they\u2019re nervous about the US-Canada trade war and rising inflation. \u00a0<\/p>\n
\u201cYou\u2019d expect with lots of chatter about rate increases in Canada online bubbling through communities \u2013 plus the recent significant rise in fixed-rate mortgages in the United States \u2013 that there\u2019d be some pull-ahead in activity,\u201d Soper said. \u201cYou\u2019d see some people that were planning to get into the market in the spring of 2027, for example, jumping in now to get ahead of anticipated higher borrowing costs.<\/p>\n
\u201cYet we\u2019re not seeing material changes in the trajectory of transaction volumes. It\u2019s very flat. And what that says to me is even an incentive like that is not enough to get people off the sidelines if they\u2019re feeling very uncomfortable.\u201d<\/p>\n
Soper: Fundamentals in place for healthy market, but Canadians remain nervous<\/p>\n