Toronto Regional Real Estate Board President Michael Collins announces the release of TRREB’s fifth annual Market Year in Review and Outlook Report. The research and report findings will be presented at a morning event consisting of multiple presentations on the housing market, related transportation infrastructure and the underlying economic drivers in the Greater Toronto Area (GTA).0120
We are excited to announce the launch of our new name, logo and colour scheme to represent the Toronto Regional Real Estate Board – who we are and what we do. The name has been revised from the Toronto Real Estate Board to reflect the regional nature of TREB that has been in place since 2002.
Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 5,367 condominium apartment sales through TREB’s MLS® System in the fourth quarter of 2019. This result was up by 3.8 per cent compared to the fourth quarter of 2018.
Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 6,758 condominium apartment rentals through TREB’s MLS® System in the fourth quarter of 2019. This result was up by 11.8 per cent compared to the fourth quarter of 2018.
Toronto Real Estate Board President Michael Collins reported that December 2019 residential sales reported through TREB’s MLS® System by Greater Toronto Area REALTORS® were up by 17.4 per cent year-over-year to 4,399. Total sales for calendar year 2019 amounted to 87,825 – up by 12.6 per cent compared to the decade low 78,015 sales reported in 2018. On an annual basis, 2019 sales were in line with the median annual sales result for the past decade.
Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in ground-oriented home types, including detached houses, led the way.
The Toronto Real Estate Board (TREB) is applauding the provincial government’s action to make changes to the regulation for those who trade in real estate in Ontario, including REALTORS®. This will help enhance professional standards, create a more fair and efficient business environment, and better protect consumers. The changes are being introduced through the Trust in Real Estate Services Bill, and have been called for by TREB for many years after extensive consultations with the current and former provincial governments.
The Toronto Real Estate Board, which represents 54,500 REALTORS® across the Greater Toronto Area (GTA), including York Region, is calling on Richmond Hill Council to pass a common sense open house sign by-law that addesses concerns for public safety, public confusion, and by-law enforcement which are present under the current trial open house sign by-law passed in July 2019.