Blog - Gerald Lawrence - Managing REALTOR®

Property Pre-Qualification & Pre-Approval Guide

Securing pre-approval is a pivotal step for homebuyers in Canada, as it provides a more comprehensive and concrete commitment from lenders compared to pre-qualification. To initiate this process, prospective buyers should gather essential financial documents, including proof of income, employment verification, and details about existing debts. These documents help lenders assess the buyer’s financial stability […]
REALTOR® Cooperation Policy Comes into Force January 2024

On January 3, 2024, the REALTOR® Cooperation Policy will be enforced, bringing into operation the new “Duty of Cooperation” as outlined in Article 30 of the REALTOR® Code. What is mandated by this policy? In cases where public marketing of a residential listing takes place, REALTORS® must ensure the inclusion of the listing on an […]
Ontario Modernizing Rules Governing Province’s Real Estate Services Sector

News Release From The Ministry of Public and Business Service – Ontario New protections designed to strengthen consumer confidence when dealing with brokerages, brokers, and salespersons November 28, 2023 Public and Business Service Delivery TORONTO — The Ontario government is updating the rules governing the province’s real estate brokerages, brokers, and salespersons to strengthen consumer […]
The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges

TRREB: The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges TORONTO, ONTARIO, January 4, 2024 – While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto Area (GTA) home sales in 2023 came in […]

Property Pre-Qualification & Pre-Approval Guide Securing pre-approval is a pivotal step for homebuyers in Canada, as it provides a more comprehensive and concrete commitment from lenders compared to pre-qualification. To initiate this process, prospective buyers should gather essential financial documents, including proof of income, employment verification, and details about existing debts. These documents help lenders assess the buyer’s financial stability […]

REALTOR® Cooperation Policy Comes into Force January 2024 On January 3, 2024, the REALTOR® Cooperation Policy will be enforced, bringing into operation the new “Duty of Cooperation” as outlined in Article 30 of the REALTOR® Code. What is mandated by this policy? In cases where public marketing of a residential listing takes place, REALTORS® must ensure the inclusion of the listing on an […]

Ontario Modernizing Rules Governing Province’s Real Estate Services Sector News Release From The Ministry of Public and Business Service – Ontario New protections designed to strengthen consumer confidence when dealing with brokerages, brokers, and salespersons November 28, 2023 Public and Business Service Delivery TORONTO — The Ontario government is updating the rules governing the province’s real estate brokerages, brokers, and salespersons to strengthen consumer […]

The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges TRREB: The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges TORONTO, ONTARIO, January 4, 2024 – While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto Area (GTA) home sales in 2023 came in […]

Happy New Year | 2024! May this year bring you joy, success, and new opportunities. As we embark on another chapter, may it be filled with love, laughter, and memorable moments. Here’s to a prosperous and fulfilling year ahead!

General Info The Pros and Cons of Listing Your Home for Sale in Winter: A Guide for Ontario Residents In the dynamic real estate market of Ontario, Canada, deciding when to list your home for sale is a crucial decision. While many homeowners prefer the warmer months for the selling process, listing your property in winter comes with its own set of advantages and disadvantages. In this blog, we’ll explore both sides to help […]

Home Sweet Home Under 400K: Find Your Ideal Property Today!

New Listing in Oshawa

NO RATE CHANGE! But Still a Chance For Increase Next Time! Bank of Canada maintains policy rate, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario September 6, 2023 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 also continuing its policy of quantitative […]

Market Update August 2023 VIP GiveAway If you have already entered this contest, free to get a FREE Home Evaluation in 10 Seconds with No HASSLE! August 2023 VIP Club Giveaway Enter your name and email address below. You’ll be entered in the a VIP Gift Card giveaway draw. Full Name Email Address What are your plans for the summer? Travel? […]

Uncategorized Gift Card Give Away – August 2023 VIP Club

Happy Long Weekend

Interesting Change: See the July 2023 Real Estate Statistics for the Greater Toronto Area & Beyond! GTA home sales, new listings, and home prices were up in July 2023 when compared to the same time last year. If you are interested to know how much your home is worth, enter the basic details by clicking this link and I’ll get a No-Obligation FREE Home Evaluation!

Property Update Discover Your Dream Home in Oshawa, Ontario: A Kassigner Gem Oshawa, Ontario – Nestled within the welcoming community of Oshawa, a hidden gem awaits, offering the perfect blend of comfort, convenience, and elegance. Introducing a superb Kassigner-built home that exudes charm and function, providing an idyllic family home for you and your loved ones. A Perfect Family-Oriented Location Located in a fantastic family-oriented area, […]

Bank Of Canada Raises Overnight Interest Rates Again! – They are not done yet! Bank of Canada raises policy rate 25 basis points, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario July 12, 2023 The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy […]

June 2023 Market Stats – Lack Of Listings Led to Tighter GTA Market Conditions in June – TRREB LACK OF LISTINGS LED TO TIGHTER GTA MARKET CONDITIONS IN JUNE TRREB Urges Governments to Accelerate Action on Housing Supply TORONTO, ONTARIO, July 6, 2023 – Home sales and the average selling price in the Greater Toronto Area (GTA) in June 2023 remained above last year’s levels. Seasonally adjusted sales dipped on a month-over-month basis. […]

Market Update Enter to Win a GIFT Card – June VIP Club

Embrace Tranquility and Convenience: A Closer Look at a Beautiful 2+2 Bedroom Open Concept Bungalow Introduction: Welcome to my blog post, where I invite you to explore the charm and elegance of a truly remarkable property. Nestled in a desirable location, this beautiful 2+2 bedroom, 3 full bathroom open concept bungalow offers a sanctuary of comfort and style. With its impeccable design and thoughtful features, it presents an opportunity for […]

Property Update Escape to Tranquility: Discover a Beautifully Appointed 3-Bedroom Home in McRae Beach Private Lake Community Welcome to this beautifully appointed 3-bedroom, 2-bathroom home situated on a quiet cul-de-sac, nestled on a 100 x 150 ft double lot that abuts a serene forest. Located in the sought-after McRae Beach Private Lake Community, this sun-filled home offers a delightful living experience. As you step inside, you’ll immediately notice the abundance of natural […]

Crunching The Figures: Navigating the Pros and Cons of Higher Interest Rates for Buyers in Canada Advantages of Higher Interest Rates for Buyers: Reduced Inflation: Higher interest rates can help control inflation by making borrowing more expensive. This can prevent prices from rising too quickly and maintain the purchasing power of consumers. Attractive Returns for Savers: Higher interest rates often lead to increased returns on savings accounts and fixed-income investments. Buyers […]