Blog - Gerald Lawrence - General Manager, REALTOR®

Market Update

The Impact of Tariffs on the Ontario Real Estate Market, with a Focus on the Greater Toronto Area

1. Introduction The Ontario real estate market, particularly in the Greater Toronto Area (GTA), has always been influenced by various economic factors such as interest rates, foreign investments, and government policies. However, one less commonly discussed factor is the role of tariffs. These import taxes, especially on construction materials, significantly impact housing costs, affordability, and […]
Market Update

GTA March 2025 Real Estate Market: Enhanced Affordability and Increased Choices

The Greater Toronto Area (GTA) real estate market in March 2025 has presented a landscape marked by improved affordability and a broader selection of properties for prospective homebuyers. This shift is attributed to declining borrowing costs, moderated home prices, and a surge in new listings. However, underlying economic uncertainties, particularly related to international trade tensions […]
Industry Update

Canada’s GST Elimination for First-Time Homebuyers: A Comprehensive Analysis

Main Topics Subtopics Introduction – Overview of Canada’s housing crisis – Government’s response to the crisis Understanding the GST Elimination – Definition of GST – Details of the GST elimination policy Advantages for First-Time Homebuyers – Financial savings – Increased affordability – Encouragement of homeownership Impact on Builders – Reduction in construction costs – […]
Property Update

The Ultimate Stone & Siding Raised Bungaloft – A Dream Home on 3.87 Acres!

Introduction: Welcome to Luxury, Space & Pure Awesomeness! If you’ve ever dreamed of a home that has it all—space, elegance, modern amenities, and enough parking for every single one of your friends—then buckle up, because this Stone & Siding Raised Bungaloft is about to blow your mind. Nestled on 3.87 acres of pristine land, this […]

Market Update The Impact of Tariffs on the Ontario Real Estate Market, with a Focus on the Greater Toronto Area 1. Introduction The Ontario real estate market, particularly in the Greater Toronto Area (GTA), has always been influenced by various economic factors such as interest rates, foreign investments, and government policies. However, one less commonly discussed factor is the role of tariffs. These import taxes, especially on construction materials, significantly impact housing costs, affordability, and […]

Market Update GTA March 2025 Real Estate Market: Enhanced Affordability and Increased Choices The Greater Toronto Area (GTA) real estate market in March 2025 has presented a landscape marked by improved affordability and a broader selection of properties for prospective homebuyers. This shift is attributed to declining borrowing costs, moderated home prices, and a surge in new listings. However, underlying economic uncertainties, particularly related to international trade tensions […]

Industry Update Canada’s GST Elimination for First-Time Homebuyers: A Comprehensive Analysis Main Topics Subtopics Introduction – Overview of Canada’s housing crisis – Government’s response to the crisis Understanding the GST Elimination – Definition of GST – Details of the GST elimination policy Advantages for First-Time Homebuyers – Financial savings – Increased affordability – Encouragement of homeownership Impact on Builders – Reduction in construction costs – […]

Property Update The Ultimate Stone & Siding Raised Bungaloft – A Dream Home on 3.87 Acres! Introduction: Welcome to Luxury, Space & Pure Awesomeness! If you’ve ever dreamed of a home that has it all—space, elegance, modern amenities, and enough parking for every single one of your friends—then buckle up, because this Stone & Siding Raised Bungaloft is about to blow your mind. Nestled on 3.87 acres of pristine land, this […]

Market Update Bank of Canada Cuts Policy Rate by 25 Basis Points to 2.75% Amid Rising Trade Tensions The Bank of Canada (BoC) has announced a 25 basis point reduction in its overnight target rate, bringing it down to 2.75%. Consequently, the Bank Rate is now set at 3.00%, while the deposit rate stands at 2.70%. This decision comes as the Canadian economy, despite entering 2025 on solid footing, faces growing uncertainty due […]

Property Update Beautifully Upgraded Side Split Home for Sale in the Heart of Elora If you’re searching for a charming, upgraded home in one of Ontario’s most picturesque towns, look no further. This stunning side split home in the heart of Elora offers an unbeatable combination of comfort, convenience, and community charm. Nestled on a 0.25-acre lot, this property boasts a fully fenced backyard, perfect for families, pet lovers, […]

Market Update GTA Real Estate Market Overview – February 2025 The Greater Toronto Area (GTA) real estate market continued to provide substantial choice for home buyers in February 2025, as resale inventory remained high while sales declined significantly compared to the previous year. With mortgage rates still elevated, affordability challenges persisted, but market experts anticipate improvements as borrowing costs are expected to drop later this […]

Market Update Discover Modern Elegance in the Heart of Countryside Pointe, Uxbridge Discover Modern Elegance in Countryside Pointe: A Stunning 2-Year-Old Semi-Detached Home If you’re searching for a home that combines modern elegance, energy efficiency, and a serene setting, look no further than this exquisite 2-year-old semi-detached home in the newly created subdivision of Countryside Pointe in Uxbridge, Ontario. Designed with timeless aesthetics and thoughtful features, this […]

Market Update Video Listings Video Listings Properties For Sale

Property Update The Pinnacle of Refined Living: A Builder’s Private Residence in FoxFire Estates Nestled in the heart of FoxFire Estates, this remarkable property epitomizes the perfect blend of luxury, sophistication, and tranquility. Set on 2.4 acres in a serene cul-de-sac, the home offers approximately 7,605 square feet of meticulously designed living space. Every detail has been carefully considered, creating an unparalleled living experience in one of the region’s […]

Property Update Entertainer’s Residence On Duffins Creek Across From Golf Course Discover the hidden gem right in the urban centre while living at 536 Riverside Drive in Ajax, Ontario. This exceptional property, offers a harmonious blend of modern amenities and natural beauty, making it a true entertainer’s dream. Escape the ordinary and embrace the extraordinary home; it’s a creekfront sanctuary, a haven of tranquility, and a […]

Market Update New Actions To Build Secondary Suites Deputy Prime Minister announces new actions to build secondary suites and unlock vacant lands to build more homes From: Department of Finance Canada News Release Ottawa, Ontario (October 8, 2024) – To address Canada’s housing shortage, the federal government is taking steps to unlock underutilized properties. This includes making it easier for homeowners to add secondary […]

Market Update GTA Home Sales Surge in October 2024 as Market Tightens Toronto Regional Real Estate Board (TRREB) data reveals a significant year-over-year increase in GTA home sales for October 2024. While new listings also rose, the pace was slower, leading to tighter market conditions compared to the previous year. Despite a slight annual increase in the average selling price to $1,135,215, TRREB President Jennifer Pearce attributes […]

Market Update Bank of Canada reduces policy rate by 50 basis points to 3¾% Bank of Canada Cuts Interest Rates For The Fourth Time This Year So Far! Today, the Bank of Canada lowered its key interest rate to 3¾%. This means the Bank Rate is now at 4%, and the deposit rate is also at 3¾%. Inflation has been on the decline, with the Consumer Price Index […]

General Info Embracing the Autumnal Charm: Decorating Your Home for the Season Introduction Autumn is a season of transformation, where nature paints the world in hues of red, orange, and gold. As the leaves change color and the air becomes crisp, it’s the perfect time to cozy up indoors and create a warm and inviting atmosphere. By incorporating autumnal elements into your home decor, you can transform […]

Market Update The Bank of Canada Unveils Reconciliation Action Plan FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario September 23, 2024 Today, the Bank of Canada introduced its inaugural Reconciliation Action Plan, a blueprint for strengthening its relationship with Indigenous Nations and Peoples. The plan outlines the Bank’s commitment to fostering an inclusive workplace, championing Indigenous economic development, and building a deeper understanding of Indigenous economies […]

Property Update Transitional Home for a Growing or Multigenerational Family in Markham Markham, Ontario is a vibrant and growing city located in the Greater Toronto Area. Known for its diverse community, Markham offers a high quality of life with excellent schools, parks, and recreational facilities. The city boasts a thriving economy, with a mix of residential, commercial, and industrial sectors. Markham is also home to a variety […]

Industry Update Navigating the Fall Market: Opportunities for Homebuyers in Ontario As autumn approaches, Ontario’s real estate market presents promising opportunities for prospective homebuyers. Recent trends indicate a favorable shift, with property prices having softened slightly compared to last year and overnight interest rates seeing a decrease to 4.25%. Furthermore, experts suggest that rates might continue to decline throughout the rest of the year. Why Now […]

Market Update GTA Housing Market Becoming More Affordable – August Market Stats TORONTO, ONTARIO, September 5, 2024 – Greater Toronto Area (GTA) home sales were down on a year-over-year basis in August 2024. New listings were up slightly over the same period. While the region’s housing market remained well-supplied in August, average home prices only edged slightly lower compared to August 2023. “The Bank of Canada’s rate […]

Market Update And it happened again, Bank of Canada reduces policy rate by 25 basis points to 4¼% The Bank of Canada’s Rate Cut – Wednesday September 4, 2024 The Bank of Canada has once again adjusted its monetary policy. In a move aimed at stimulating economic growth and combating inflationary pressures, the bank has reduced its target for the overnight rate to 4¼%. This decision is part of a broader strategy to […]