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ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

June 18, 2018 | BC and Ontario Real Estate Update

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

Choices, Whining, and Propaganda

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Archives June 18th, 2018

Posted In: HoweStreet.com Radio

2 Comments

  • Craig says:

    I listened to this interview and about 2/3 of the through you said that now is a good time to buy even though principle cost are high because the interest rates. Then compared this to the parents that had smaller principle cost but much higher interest rates. To me this is like the childhood joke, what is heavier, a ton of feathers or a ton of bricks. If it essentially nets out the same who cares, it is the total amount paid that matters. You discussed that buying a house is now is about as difficult as for the parents, you still can only get a mortgage based on 39% of your gross income. I don’t think this is true since if principle costs are proportionally much higher than wage level then the 39% buys less house. Which as is why condos are still active and houses are not.

    I always find value in your interviews and if I’m ever seriously interested in buying property you are on my list to contact.

  • John says:

    I posted a question a few weeks back about Burlington going up while GTA going down. Thanks a lot for answering!

    I guess my question was a bit broad. What I am seeing is that the detached segment indeed dropped significantly, especially the “bad” houses. But at the same time the relatively new towns and semis are consistently going up from the beginning of the year in Burlington. Is this something expected during the correction?

    Also another question is what does Ross think about the announcements that the new provincial government is going to introduce changes that may bring the bubble back? Eliminate foreign buyer tax, etc. Can this have any effect on the ongoing correction?

    Thanks!

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