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ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

December 4, 2017 | Competition Bureau Gives CRA New Found Powers

Founder of Ross Kay Realty Consultants “Canada's Authority on Homeownership” Chief Strategist TheWealthyHomeowner.ca Prior to leaving the real estate brokerage industry Ross was part of a family team of sales professionals that had ranked #1 in team sales for seven consecutive years worldwide with an above the crowd brand and had worked with over 5000 families buying, owning and selling their family homes. Ross has studied over 40 years of real estate transactional data (RETD) including millions of individual transactions completed since 1988. From what later became acknowledged as the largest study on homeownership ever completed an new data driven approach to homeownership became possible. “Homeownership is the foundation that all world's wealth is built upon and because that wealth dominates our lives treating Homeownership with the respect it deserves guides every decision my firm encourages you to make.” RossKay.com

How much home can the average income buy?

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Archives December 4th, 2017

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One Comment

  • Ben says:

    I have a lot of time for Ross but he’s way off the mark here. Obviously he doesn’t like this decision but you cannot tell someones net worth by knowing house purchase prices. You have no visibility into if they paid cash or how big their down payment is which would be critical information. If they borrowed 100% of the house price their net worth is zero vs someone who paid cash would be worth $1M. You would have no way to know either way so cannot determine net worth. Net worth is assets less liabilities. I’ll give Ross a pass on totally missing this one as he normally knows what he’s talking about.

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