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Ross Kay Exposes Canada's Inflated Sales Numbers

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Terrel L. Shields

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http://www.huffingtonpost.ca/2013/09/20/MLS-phantom-listings-house-prices_n_3957237.html

Real estate consultant Ross Kay alleges that realtors in certain parts of the country — particularly in Greater Toronto and southern Ontario — are artificially inflating home sales by listing the same property twice, or sometimes even three times.


Kay says when a double- or triple-listed house like this sells, the additional listings are counted as a sale by every one of the real estate boards​
 

AMF13

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I'm sure they don't report a higher than actual price though. /sarcasm :leeann:
 

timd354

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Everyone who has looked at the real estate markets in Canada knows that there is a big-time bubble in Toronto.
 

Restrain

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Vancouver is also setting on a bubble. Prices are stupid high.
 
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