The Toronto Regional Real Estate Board has received an additional $278,000 in Ontario REALTORS Care® Foundation grants to help support shelterbased charities across the Greater Toronto Area during this unprecedented time. This supplements the $713,000 that TRREB already provided in grants to shelter-based charities in the Greater Toronto Area (GTA) at the end of 2019.

A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.

Greater Toronto Area REALTORS® reported 2,975 residential transactions through TRREB’s MLS® System. This result was down by 67 per cent compared to April 2019. Weekday sales remained within a relatively steady range during the month, averaging 130 per day.

TRREB has developed a COVID-19 property tax deferral schedule for every Greater Toronto Area municipality for your convenience and use. It also includes links to their respective websites for more details on the deferrals, and links to the various municipal COVID-19 information centres. We know how difficult it can be to track all of this information so we hope you find this resource useful.

Toronto Regional Real Estate Board President Michael Collins is reporting results for the first 17 days of April 2020, in order to provide some guidance on the impact of COVID-19 on the Greater Toronto Area housing market.

A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.

Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,012 home sales through TRREB’s MLS® System in March 2020 – up by 12.3 per cent compared to 7,132 sales reported in March 2019.

The Toronto Regional Real Estate Board (TRREB) today issued a Frequently Asked Questions (FAQ) guidance to its 56,000 REALTOR® Members on the provincial shutdown, as it relates to trading in real estate. The key message is to avoid in-person business, such as open houses and showings with clients, during the provincial state of emergency. This will include home sellers, buyers, tenants and business clients.

The Toronto Regional Real Estate Board (TRREB) issued a strong recommendation to its 56,000 REALTOR® Members to stop conducting in-person open houses during the Ontario COVID-19 State of Emergency. TRREB is committed to the protection of the health and safety of its Members and the general public, and has encouraged Members to continue to offer best practices due to the uncertainty we’re faced with in dealing with COVID-19.

TRREB is strongly recommending that Members stop conducting in-person open houses during the Ontario State of Emergency, and continue to offer best practices due to the uncertainty we’re faced with in dealing with COVID-19. TRREB is committed to the protection of the health and safety of its Members and the general public. In light of provincial government restrictions on public gatherings and guidance regarding social distancing, TRREB recommends that Members do not hold open houses for the time being. 

TRREB will be suppressing open houses on Stratus MLS® and our public facing websites trreb.ca, Collaborate and realtor.ca, until it is safe to restore.

For clarity, TRREB will also not enforce MLS R-345 (showings) while the current government health advisories remain in effect. Listings will not be suspended because a property is not available for showings or inspections.

We’re at a critical phase with this pandemic and we all have to do our part to be successful in confronting this challenge in order to protect the health and safety of REALTORS®, their clients and the general public. We have provided resources to assist with Best Practices which you can review here.

While we appreciate that this is the brokerage’s decision in consultation with your clients, we are recommending that this practice stop until further notice. Realtors are reminded that there are alternative online and virtual marketing opportunities for sellers that can easily be accessed by buyers. We encourage members to use alternative marketing strategies such as video and virtual tours wherever possible, and to continue to follow directives and guidance being given by the government and public health agencies.

We continue to monitor developments and will provide additional guidance as appropriate as the situation develops.

Michael Collins
TRREB President