By: Beth O'Donoghue

Flip or Flop?

Tags: Toronto Real Estate

With all this news about the new mortgage rules, let’s talk about something else rather than how it is going to kill first time home buyers. A lot of people who buy real estate do so with the intent on flipping the property. However, for the purpose of this discussion flipping does not always include a reno. The discussion now is about whether or not the new mortgage rules are going to aff...Read More

By: Beth O'Donoghue

Did someone say Casino?

Tags: Durham Live

Rumours of Durham Live coming to a farmer’s field in Pickering sometime soon have been happening for 3 years now. I bet you wonder what is going on. Well, give me the pleasure of letting you know. Municipalities are funny. What is particularly amusing about the casino debate is not whether to have it or not, it is mostly where to put it. What’s the issue? The two casino projects cann...Read More

By: Beth O'Donoghue

New Mortgage Rules What They Mean Who They Affect And My Rant.

Tags: Toronto Real Estate

So on Monday the government shocked us by announcing new mortgage rules that are going to affect mortgages after October 17. So here is a quick breakdown of the changes: All high ratio borrowers (Under 20%) will have to qualify based on a 4.65% (5 year rate) rather than the much lower market rate (Current rate approx. 2.3%). A fix on the loophole for capital gains tax imposed on non-residents...Read More

By: Beth O'Donoghue

Did you say new condo? I got you.

Tags: Condos

As most of you, I do a lot of new construction deals. I am always attending openings and keeping my eyes open for the latest development and investment potential. There have been a few new launches, so here is what is coming! Daniel’s Waterfront East Tower Introducing Lighthouse East Tower, the newest addition to the successful Daniels Waterfront – City of the Arts. With s...Read More

By: Beth O'Donoghue

Why Prices Will Not Fall In Toronto

Tags: Toronto Real Estate

I know you must be as sick of hearing me talk about this, as I am writing about it. However, as time goes on it seems as if more people are coming to grasp with whats happening so I hope this is of no shock to anyone because it should not be. I am lucky to be able to work so closely with a developer and someone like Brad. Not only do we get access to a lot of information most realtors would not g...Read More

By: Beth O'Donoghue

Sure, study the market, but interest rates are central to the housing boom

Tags: Housing Boom

The Globe and Mail (BC Edition) 24 Jun 2016 ALEX SLOAT Toronto-based financial adviser with Investors Group There’s been a lot of talk lately about the market for housing in Toronto and Vancouver. People say it’s a bubble, they say that it’s unsustainable, they say it’s foreign investors buying up lots of property. Thursday morning, federal Finance Minister Bill...Read More

By: Beth O'Donoghue

Don't blame foreign buyers for Canada's housing boom

Tags: Housing boom

The Globe and Mail Metro (Ontario Edition) 24 Jun 2016 IAN McGUGAN It’s easy – comforting even – to blame foreigners for Canada’s housing boom. But it’s not really accurate. Stories abound in Vancouver and Toronto of well-heeled Asians buying up real estate in prime neighbourhoods. No doubt many of the tales are true. But, as federal Finance Minister Bill Morne...Read More

By: Beth O'Donoghue

Let's Talk Fair

Tags: Let’s Talk Fair

Let’s talk about the Toronto market. It is not fair. Absolutely nothing about it is fair. It was not designed to be fair. If you are a buyer in this market, you are most likely very frustrated. Discouraged even. As an agent and human being I feel sorry for you. It is frustrating to have to drop what you are doing at a moment’s notice. Constantly bid on houses, get your hopes up, just...Read More

By: Beth O'Donoghue

Foreign Ownership

Tags: Foreign Ownership

This is a hot topic lately in the Canadian media so it is obviously worthy of mention. There is a lot of speculation and unknowns when it comes to how much of our real estate is actually owned by foreign buyers. I suspect areas like British Columbia are much more affected by this than we are here in Toronto. We actually have some stats. Less than 10% of condos are owned by foreign buyers. I thin...Read More

By: Beth O'Donoghue

Market Update

Tags: Market Update

In keeping with my usual theme, I have to keep this honest and brutal, much like our current market. Stats are in and inventory is getting lower and lower as the months progress this year. Approx. 20% down versus the same time last year for both rental and resale listings. Looking for a rental in downtown Toronto? Good luck! There are multiple offers on almost every listing. Yes, I did not write...Read More