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October 9, 2018 | Housing Market Hatches a Turkey Right after Thanksgiving!

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

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Archives October 9th, 2018

Posted In: HoweStreet.com Radio

3 Comments

  • cecil says:

    A housing guy talking his book while Canadians are impoverished with insane home prices.

    A 50% decline would be great for actual affordability. Come on. Housing prices are not the economy.

  • Dave says:

    Could you please ask Ross Kay to further elaborate on his lastest tweet. I am not fully understanding the tweet. Thank you.

    When we published our warning on #yycre New Horizons Mall it was rooted in understanding how Commercial Mall Space is rented and by how. So Many investors who did not receive our warning.

  • John says:

    Thanks for these talks. Ross is providing very valuable and diverse view to the public. It is great to have at least one source of information which is on the side of buyers.

    I have two questions for Ross:
    1) In one of the shows during the summer he said that the second wave that happened in Vancouver can’t happen in Toronto market because Vancouver was in oversold condition but Toronto is not. However a few shows back Ross said that the latest activity spike in Toronto is a second way. I am a bit confused about this, could Ross expand a bit more about his views on GTA market conditions?
    2) I understand nobody can predict precisely but it’s interesting what is Ross’s view on how deep the Burlington/Hamilton detached segment will decline compared to today’s market (not compared to the peak). Let’s say is it another 10% in 5 year or say another 50% in 2 years, etc. Some ballpark estimate will be highly appreciated.

    Thanks,
    John.

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