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June 23, 2020 | Should I use Mortgage Deferral Math?

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 Price Contraction or Correction or Crash?

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Archives June 23rd, 2020

Posted In: Radio


  • Ellen says:

    Question for Ross: if I take a mortgage deferral, then (assuming I don’t need the money), and then I make a lump sump payment with that money 6 months later, then will I be further ahead then not deferring. I have a 25 year amoritization.

  • Daniel says:

    Thank you Ross for sharing all this knowledge. I have a question that I hope can be analysed in a future podcast.
    Considering that we are in correcting market and not all market segments and locations are equally affected. Do you believe a significant price correction is still possible in the single family detached entry-level segment for cities within a commuting distance to the GTA (e.g. Burlington, Hamilton, Guelph, Barrie, Oshawa, etc.) keeping in mind the new reality of many potential first time home buyers that now will be able to work form home which could increase the demand for that segment in cities outside the GTA.

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