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News Release issued by RossKay.com


Realty Commissions in Canada to Surpass 7 Billion Dollars for 2013
BURLINGTON, Nov. 27, 2013 – Nationally across Canada, provincially licensed real estate practitioners involved in residential sales, will see their business incomes swell to a record 7.4 billion dollars in 2013 on the sale of over 400,000 resale homes by year's end.

Ross Kay Realty Consultants, after completing it's audit of commission earnings in Canada for the resale housing sector, for sales completed year to date mid-November, is announcing it's year end projections publicly for the first time in Canada.

"The average Canadian consumer lacks the understanding of just how important the resale homes sector is to the Canadian economy," says Ross Kay, founder and CEO, Ross Kay Realty Consultants. "We feel that by bringing key financial numbers to the attention of the public, greater awareness and examination in how the players in the resale housing sector operate, will take place."

Audited Commission earnings are part of an expanded RossKay.com website that keeps clients, industry professionals - and now the public – informed on the national real estate market. Commission earnings have traditionally been a closely guarded secret in the real estate industry, as have many other factors relevant to understanding where the real estate market is at any moment in time.

A study completed in 2012 showed

  • 87 per cent of public have no idea how the resale home industry actually operates

  • Only 9 percent of those surveyed realize the data released by organized real estate is not accurate

  • 83 percent believe the commission rate they are charged is the same if using the same agent 

“Many Canadians own stock in companies who derive the majority of the net worth from revenues generated by franchise fees, agent remuneration percentages and brokerage fees.” comments Kay. “When a publicly held corporation's revenues rely on these fees for 70% or more of their earning potential, knowing what the commission landscape looks like can provide additional due diligence to the investor.”


About Ross Kay Realty Consultants
Ross Kay Realty Consultants provides an unbiased and independent review of the resale housing sector in Canada. Ross Kay Realty Consultants offers the only Audited ReSale home data in Canada, consulting services to both real estate professionals and the general public. Ross Kay Realty Consultants is constantly expanding it's offerings to assist it's clients in their acquisition of real estate knowledge.


About Ross Kay.com
Ross Kay is Canada's only expert on the national MLS infrastructure in Canada. Founder and CEO of RossKay.com, Ross uses the knowledge gained from 3 generations of involvement in the resale housing sector to predict trends and provide solutions to many issues faced by those involved in the sector. Credited for identifying the Realty Cycle, Ross Kay assisted in building Canada's only leading indexes tied to the resale housing sector.





SOURCE Ross Kay Realty Consultants

For further information:

Media Contacts
Contact us at media@rosskay.com.









Disclosure for National Data:
All numbers are Actual and not Seasonally Adjusted. One address is counted only one time. Private for Sales, as determined by Provincial Legislation in each respective province, are not counted. New Homes are not counted. Vacant Land is not counted. Homes on Leased Land are not counted. Rentals are not counted.
National Data and Nationally derived comparisons are not valid to any local market.  National Data should not be used by consumers to make any decision for a single geographic location.  If you are a consumer and you are considering buying or selling a home, you need access to local information, specific to your circumstances.

PLEASE NOTE: The information contained in this Report is for general informational purposes only.  Application of any conclusions drawn from your interpretation of this Report are not recommended without direct oversight by RossKay.com.  Background research that is required to substantiate the use of the information in this Report is only available from RossKay.com on a pay for service level.

RossKay.com cautions that some of this information can be useful from an educational standpoint, but does not allow for independent analysis without oversight by RossKay.com. Statistical information contained in this report includes all residential housing types after an audit was completed.


This report and all information supplied by or on RossKay.com are copyright protected and may not be used in any way without prior written approval of RossKay.com.

MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real EstateAssociation. REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation 
owned by The Canadian Real Estate Association and the National Association of REALTORS®







Professional Releases:
pros@rosskay.com

or Contact Us Online





Public Releases:

at times RossKay.com will issue public releases of our Reports.

October 2013 Report

September 2013 Report

Older Public Releases found here

Myth versus Reality about Un-Audited National data.

These comments are strictly tied to the National numbers only.

Myth

1) Totals are accurate.
2) Single sales are reported once
3) Percentage of error is low.
4) Seasonally adjusted aren't mixed
5) Yr/Yr comparisons are valid
6) Average Prices are credible
7) Median Prices are not weighted
8) Members can expose errors
9) Data is audited
10) Use Actual Sold Data

Reality

1) Totals are inaccurate.
2) Single sales are multi-reported 
3) Percentage of error is high.
4) Seasonally adjusted are mixed
5) Yr/Yr comparisons are not valid
6) Average Prices hold no credibility
7) Median Prices are weighted
8) Members can't expose errors
9) Data is not audited
10) Do not Use Actual Sold Data

Myth versus Reality about Un-Audited Regional data.

These comments vary across over 70 Regional Systems, the reality of each system is unique.

Myth

1) Totals are accurate for region.
2) Single sales are reported once
3) Percentage of error is low
4) Single Address is counted once
5) Yr/Yr comparisons are valid
6) Average Prices are credible
7) Median Prices are not weighted
8) Members can expose errors
9) Data is audited
10) Use of Actual Sold Data

Reality for some

1) Totals are inaccurate for region
2) Single sales are multi-reported 
3) Percentage of error is high.
4) Listings are counted once
5) Yr/Yr comparisons are not valid
6) Average Prices hold no credibility
7) Median Prices are weighted
8) Members can't expose errors
9) Data is audited
10) Use Actual Sold Data
Ross Kay
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  • About Us
    • Our Approach
    • Ross Kay Biography
    • Join Us >
      • Join
      • LTTPs
    • Contact Us
  • RKRC Measures
  • Realty 101
    • Realty Cycles Definitions
    • The Trading Cycle
    • Trading Stages
    • Net Worth and the Realty Cycle
    • HPI in Canada
    • QMI
  • Our Calls/Research
    • Calgary
    • Our Calls
    • Affordability in Canada
    • Research >
      • CDN Mortgage Originations (mthly)
      • Vancouvers Ponzi Scheme
    • AHPP/Canada BTN >
      • AHPP
      • Canada BTN
  • Right to Own
  • The Wealthy Homeowner™
  • Insights
  • New Cannabis Act
  • Canadian Home Buyer August 2019
  • 10KPrize
  • 100KPrize
  • DEBUNKED
    • DEBUNKED INFLATION
  • BC Press Release
  • Canada
  • Definitions
  • Monday August 15 2022
  • Inflation