Blog - Gerald Lawrence - General Manager, REALTOR®

Industry Update

Changes To The Canadian Capital Gains Tax

This summary is for informational purposes only and should not be considered tax or legal advice. Always consult a qualified professional before making financial decisions based on this information. Key Federal Budget Capital Gains Measures Change: Effective June 25, 2024, the capital gains inclusion rate will increase from 50% to 66.67% for trusts and corporations. […]
Market Update

Home Buyers Experience Less Competition in May

The Toronto real estate market continued to see lower home sales in May 2024 compared to the previous year. This comes after a brief market upswing in the spring of 2023. Potential buyers are waiting for mortgage rates to come down before entering the market. There’s some optimism, however. The number of new listings has […]
Market Update

1st Interest Rate Cut by the Bank Of Canada in 4 Years

Bank of Canada reduces policy rate by 25 basis points FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario June 5, 2024 The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet […]
General Info

Proposed Homeowner Protection Act, 2024 (Ontario, Canada)

Ontario Homeowners’ Protection Act 2024: Strengthening Consumer Protections and Preserving Heritage The Ontario government is taking significant steps to bolster consumer protections for homeowners and homebuyers through a series of legislative measures aimed at curbing harmful business practices. In addition to ensuring that homebuyers can make well-informed decisions, the province is also focusing on preserving […]

Industry Update Changes To The Canadian Capital Gains Tax This summary is for informational purposes only and should not be considered tax or legal advice. Always consult a qualified professional before making financial decisions based on this information. Key Federal Budget Capital Gains Measures Change: Effective June 25, 2024, the capital gains inclusion rate will increase from 50% to 66.67% for trusts and corporations. […]

Market Update Home Buyers Experience Less Competition in May The Toronto real estate market continued to see lower home sales in May 2024 compared to the previous year. This comes after a brief market upswing in the spring of 2023. Potential buyers are waiting for mortgage rates to come down before entering the market. There’s some optimism, however. The number of new listings has […]

Market Update 1st Interest Rate Cut by the Bank Of Canada in 4 Years Bank of Canada reduces policy rate by 25 basis points FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario June 5, 2024 The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet […]

General Info Proposed Homeowner Protection Act, 2024 (Ontario, Canada) Ontario Homeowners’ Protection Act 2024: Strengthening Consumer Protections and Preserving Heritage The Ontario government is taking significant steps to bolster consumer protections for homeowners and homebuyers through a series of legislative measures aimed at curbing harmful business practices. In addition to ensuring that homebuyers can make well-informed decisions, the province is also focusing on preserving […]

Market Update Selling Prices Up in March and Set to Accelerate This Spring TORONTO, ONTARIO, April 3, 2024 – The latest report on March 2024 home sales, facilitated through TRREB’s MLS® System, reveals a slight dip compared to the same period in 2023. This decrease can be attributed in part to the timing of the statutory holiday Good Friday, which fell in March this year as opposed […]

Market Update York Region Market Update – February 2024

Market Update Township Of Uxbridge Market Update – February 2024

Market Update Durham Region Market Update For February 2024

Market Update Buyers Re-Enter the GTA Housing Market in February TORONTO, ONTARIO, March 5, 2024 – Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. Population growth and a resilient regional economy continued to support the overall demand for housing. Higher borrowing costs kept […]

General Info News Update: CMHC To End First-Time Homebuyer Incentive Program IMPORTANT – February 29, 2024 The First-Time Home Buyer Incentive has been discontinued. The deadline for new or updated submissions for the First-Time Home Buyer Incentive is midnight ET on March 21, 2024. For new and resubmitted First-Time Home Buyer Incentive applications All new applications and resubmissions for previously cancelled or declined applications must reach […]

Property Update SOLD! – 12 Village Green Lane SOLD Property courtesy of YorkDurhamHomes

Property Update Just Listed – Kawartha Lakes Waterfront Property Design by Gerald Lawrence

Property Update New Listings Alert! Design by Gerald Lawrence

General Info Enter February’s VIP Gift Card giveaway! A Chilly February VIP Giveaway! February VIP Club – Giving Away $25 to the place of your choosing! You’re A VIP … You’re eligible for my monthly giveaways, real estate news and info. There’s no catch; I want to show my appreciation to past, present, and future clients like you. This month’s VIP […]

General Info The Significance of the Kitchen in Homebuying Decisions In the intricate dance of real estate transactions, where myriad factors influence the choice of a new abode, one element consistently emerges as a critical determinant: the kitchen. Often hailed as the heart of the home, the kitchen holds sway over buyers’ minds and hearts, transcending its traditional role as a mere cooking space. In […]

General Info Enhancing Your Home’s Curb Appeal: Elevate Your Property’s First Impression First impressions matter, especially when it comes to your home. Enhancing your property’s curb appeal not only adds aesthetic charm but also increases its value. From simple upgrades to more significant renovations, investing in your home’s exterior can yield significant returns. Here are some tips to help you elevate your home’s curb appeal and make […]

Market Update Tighter Market Conditions in January 2024 When Compared to the Previous Year TRREB: Tighter Market Conditions in January 2024 When Compared to the Previous Year TORONTO, ONTARIO, February 6, 2024 – Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with fixed rate mortgage products. New listings were also […]

Market Update Sellers Are Coming: Over The Next 2 Years | 7 Million People Turn 65 In the dynamic realm of real estate, trends and demographics play a pivotal role in shaping the market landscape. A significant shift is on the horizon as the next two years will witness a surge of individuals turning 65 – a staggering 7 million people to be exact. This demographic milestone has profound implications for […]

General Info Get a FREE Ticket To The National Home Show! Unveiling the National Home Show: A Must-Attend Event in Toronto, Ontario, Canada As a proud resident of Ontario, Canada, you likely have an appreciation for the vibrant and dynamic real estate scene in the province. For those with a keen interest in home improvement, interior design, and the latest trends in the housing market, the […]

Market Update Jan 24, 2024 | Bank of Canada maintains policy rate, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario January 24, 2024 The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global economic growth continues to slow, with inflation easing gradually […]