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ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

October 29, 2018 | Vancouver Housing Correction Notice 2 Years Too Late

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

Mortgage Debt is our friend not enemy

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Archives October 29th, 2018

Posted In: HoweStreet.com Radio

2 Comments

  • Andrew says:

    Thank you for taking my question last week. In the next 18 months I will be ready to buy a home, I will be 41 and most likely buying it on my own at that time. My gross income is and likely will still be around 85k.. I’m interested in buying a bungalow with a suite or a bi-level house to rent out the portion which I’m not using… for what is today $250,000 to $325,000 range in today’s market.

    please ask Ross Kay what he foresees for the Edmonton Market at that time regarding the interest rates or percentage price decline between now and then in home prices. I believe he stated there has been a soft home price landing of 24% in the past few years.

    I’m also interested if he foresees interest rates continuing to climb in the indefinite future for at least the next two years? I also respect that this may be proprietary i fo. Which he can’t fully share.

    I listen every week and appreciate your show and his input.

  • John says:

    In one of the shows during the summer Ross said that GTA is in a free fall and the second wave that happened in Vancouver will not happen in Toronto. However currently I am seeing significant increase in sales activity especially in Burlington/Hamilton area. I am a bit confused about this, could Ross expand a bit more about his views on GTA market conditions especially Burlington/Hamilton? When he expects the second wave to finish and sales to listings ratio in GTA to drop similar to Vancouver?

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