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March 11, 2019 | Debt to Income Worries versus Net Wealth Bragging

Founder of Ross Kay Realty Consultants “Canada's Authority on Homeownership” Chief Strategist 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.”

House Prices Peak to Peak

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Archives March 11th, 2019

Posted In: Radio

One Comment

  • Dave says:

    Could you please forward to Ross. Ross, I am a long time follower of you via Howe street radio.

    You have often mentioned that for the same amount of money, that one can buy a higher quality home vs 2 -3 years ago. Here in Vancouver, I have seen many homes over 30 % price reductions from their highs. Those are the lower quality variety homes. The question I have is regards to the newly built homes. (2018) I often see that those very homes are close 25 – 30 % above their assessment prices. Example 3325 craigend road WestVancouver and 3351 craigend road WestVancouver. Both of them are close to 30% above their assessment levels. Ross, why are these homes way above their assessment levels ? 2nd Question, will these homes eventually come down their assessment levels . ( 6,100,000) Thank you for input.

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